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Report Date : |
03.05.2012 |
IDENTIFICATION DETAILS
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Name : |
KYOWA CHEMICAL INDUSTRY CO LTD |
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Registered Office : |
305 Yashima-Nishimachi |
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Country : |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
September
1952 |
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Com. Reg. No.: |
4700-01-001265
(Kagawa-Sakaide) |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer
of fine inorganic chemicals for industrial & pharmaceutical use |
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No. of Employees : |
467 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
--- |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
KYOWA CHEMICAL INDUSTRY CO LTD
Kyowa Kagaku Kogyo
KK
4035 Hayashidacho
Sakaide City Kagawa-Pref 762-0012
Tel:
0877-47-0011 Fax: 0877-47-4721
*.. Registered at: 305 Yashima-Nishimachi
URL: http://www.kyowa-chem.co.jp/
E-Mail address: webms@kyowa-chem.co.jp
Mfg of
fine inorganic chemicals for industrial & pharmaceutical use
At the
caption address, Yashima (
Kisuma
Chemicals BV (
Dandong
Songyuan Chemicals Co Ltd (
KEIZO
MATSUSHIMA, PRES Osamu Yamaguchi, dir
Ken’ichi
Fukagawa, dir Shunji Ohnishi,
dir
Kunio
Fuki, dir Koji
Nakanishi, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 18,456 M
PAYMENTS REGULAR CAPITAL Yen 144 M
TREND STEADY WORTH Yen 21,240 M
STARTED 1962 EMPLOYES 467
MFR
SPECIALIZING IN FINE INORGANIC CHEMICALS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established by a certain Matsushima in order to make
most of his experience in the subject line of business, and has been succeeded
by his descendants. This is a
specialized mfr of fine inorganic chemicals centering in magnesium compound for
pharmaceutical materials & resin additives.
Tops in hydrotalcite used for stabilizing synthetic resins. Has a 100% owned subsidiary mfr in
The sales volume for Mar/2011 fiscal term amounted to Yen 18,456
million, a 7% rise from Yen 17,188 million in the previous term. Resin materials and pharmaceutical
ingredients were in increasing demand.
Exports rose. The recurring
profit was posted at Yen 3,991 million and the net profit at Yen 2,357 million,
respectively, compared with Yen 3,256 million recurring profit and Yen 1,952
million net profit, respectively, a year ago.
For the term that ended Mar 2012 the recurring profit was
projected at Yen 4,000 million and the net profit at Yen 2,500 million,
respectively, on a 6% rise in turnover, to Yen 19,500 million. Exports continued steadily expanded. Final results are yet to be released.
The financial situation is considered FAIR and good for
ORDINARY business engagements.
Date Registered: Sept 1952
Regd No.: 4700-01-001265 (Kagawa-Sakaide)
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 640,000
shares
Issued: 288,000
shares
Sum: Yen
144 million
Major shareholders
(%):
Osaka Small & Medium Business Promotion & Investment Co (27),
Employees’ S/Holding Assn (11), Executives’ S/Holding Assn (10), MUFG (4),
Hyakujushi Bank (4)
Matsushima (5), Employees’ S/Holding Assn (5), MUFG (4)
No. of
shareholders: 73
Nothing detrimental is known as to the commercial morality of
executives.
Activities: Manufactures
fine inorganic chemicals: hydrotalcite (used for stabilizing synthetic resins),
magnesium hydroxide (used as flame retardant, magnesium oxide, aluminum
hydroxide gel, other (--100%).
Products are manufactured at two domestic factories and two overseas in
Products are both imported and exported.
Clients: [Petrochemical
mfrs, wholesalers] Shionogi & Co, Astellas Pharma Inc, Mitsui & Co,
Eisai Co, Nippon Steel, Nihon Unika Corp, Bayer AG (Germany), other
No. of accounts: 800
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Idemitsu Kosan, Mitsui & Co, Nippon Light metal, Ube Ma-
terials, Tokuyama Corp, other
Imports from
Payment record: Regular
Location: Business area in Sakaide, Kagawa-Pref. Office premises at the caption address are
owned and maintained satisfactorily.
Bank References:
Hyakujushi
Bank (H/O)
MUFG
(Takamatsu-Chuo)
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
31/03/2012 |
31/03/2011 |
31/03/2010 |
31/03/2009 |
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Annual
Sales |
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19,500 |
18,456 |
17,188 |
15,199 |
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Recur.
Profit |
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4,000 |
3,991 |
3,256 |
1,647 |
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Net
Profit |
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2,500 |
2,357 |
1,952 |
745 |
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Total
Assets |
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30,227 |
28,612 |
25,782 |
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Current
Assets |
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13,825 |
12,886 |
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Current
Liabs |
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6,072 |
6,064 |
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Net
Worth |
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21,240 |
18,933 |
17,003 |
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Capital,
Paid-Up |
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144 |
144 |
144 |
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Div.P.Share(¥) |
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200.00 |
180.00 |
150.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
5.66 |
7.38 |
13.09 |
-8.98 |
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Current Ratio |
|
.. |
227.68 |
212.50 |
.. |
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N.Worth Ratio |
.. |
70.27 |
66.17 |
65.95 |
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R.Profit/Sales |
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20.51 |
21.62 |
18.94 |
10.84 |
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N.Profit/Sales |
12.82 |
12.77 |
11.36 |
4.90 |
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Return On Equity |
.. |
11.10 |
10.31 |
4.38 |
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Notes:
Forecast (or estimated) figures for the 31/03/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.93 |
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|
1 |
Rs.85.85 |
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Euro |
1 |
Rs.69.94 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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---- |
NB |
New Business |
---- |
This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.