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Report Date : |
24.11.2012 |
IDENTIFICATION DETAILS
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Name : |
DAIWA DYESTUFF MFG CO LTD |
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Registered Office : |
5-7-1 Shinnakazato Chuoku Saitama 338-0011 |
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Country : |
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Financials (as on) : |
31.03.2012 |
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Year of Establishment : |
July 1954 |
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Com. Reg. No.: |
Not Available |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Manufacturing of Dyestuffs, Synthetic Resin Coloring. |
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No. of Employees : |
105 |
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 : |
No Complaints |
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Litigation : |
Clear |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Japan |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
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 |
JAPAN - ECONOMIC OVERVIEW
In the years following World War II, government-industry cooperation, a strong work ethic, mastery of high technology, and a comparatively small defense allocation (1% of GDP) helped Japan develop a technologically advanced economy. Two notable characteristics of the post-war economy were the close interlocking structures of manufacturers, suppliers, and distributors, known as keiretsu, and the guarantee of lifetime employment for a substantial portion of the urban labor force. Both features are now eroding under the dual pressures of global competition and domestic demographic change. Japan's industrial sector is heavily dependent on imported raw materials and fuels. A tiny agricultural sector is highly subsidized and protected, with crop yields among the highest in the world. Usually self-sufficient in rice, Japan imports about 60% of its food on a caloric basis. Japan maintains one of the world's largest fishing fleets and accounts for nearly 15% of the global catch. For three decades, overall real economic growth had been spectacular - a 10% average in the 1960s, a 5% average in the 1970s, and a 4% average in the 1980s. Growth slowed markedly in the 1990s, averaging just 1.7%, largely because of the after effects of inefficient investment and an asset price bubble in the late 1980s that required a protracted period of time for firms to reduce excess debt, capital, and labor. Measured on a purchasing power parity (PPP) basis that adjusts for price differences, Japan in 2011 stood as the fourth-largest economy in the world after second-place China, which surpassed Japan in 2001, and third-place India, which edged out Japan in 2011. A sharp downturn in business investment and global demand for Japan's exports in late 2008 pushed Japan further into recession. Government stimulus spending helped the economy recover in late 2009 and 2010, but the economy contracted again in 2011 as the massive 9.0 magnitude earthquake in March disrupted manufacturing. Electricity supplies remain tight because Japan has temporarily shut down almost all of its nuclear power plants after the Fukushima Daiichi nuclear reactors were crippled by the earthquake and resulting tsunami. Estimates of the direct costs of the damage - rebuilding homes, factories, and infrastructure - range from $235 billion to $310 billion, and GDP declined almost 0.5% in 2011. Prime Minister Yoshihiko NODA has proposed opening the agricultural and services sectors to greater foreign competition and boosting exports through membership in the US-led Trans-Pacific Partnership trade talks and by pursuing free-trade agreements with the EU and others, but debate continues on restructuring the economy and reining in Japan's huge government debt, which exceeds 200% of GDP. Persistent deflation, reliance on exports to drive growth, and an aging and shrinking population are other major long-term challenges for the economy.
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Source : CIA |
DAIWA DYESTUFF MFG
CO LTD
REGD NAME: Daiwa
Kasei KK
5-7-1 Shinnakazato Chuoku Saitama 338-0011
JAPAN
Tel: 048-832-3121
URL: http://www.daiwadyestuff.com
E-Mail
address: (thru the URL)
Mfg of
dyestuffs, synthetic resin coloring
Nil
At the
caption address
MAKOTO
HOSOI, PRES Keisuke
Arai, ch
Takeshi
Hasegawa, s/mgn dir Osamu Inoue, mgn
dir
Masatake
Tanaka, mgn dir Ryuichi
Masuda, dir
Yen
Amount: In
million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 5,159 M
PAYMENTS NO
COMPLAINT CAPITAL Yen 30 M
TREND SLOW WORTH Yen
4,820 M
STARTED 1 954 EMPLOYES 105
MFR OF DYESTUFFS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR CREDIT ENGAGEMENTS: US$1,100,000 / O/A 180 DAYS.
The subject company was established by Keisuke Arai in order to make most of his experience in the subject line of business. This is a specialized mfr of dyestuffs, pigments, coloring agents, food additives, other. Has a trading subsidiary, Daiwa Kasei Sales Co Ltd, at the caption address to do the trading. Clients include food makers, cosmetic makers, other.
The sales volume for Mar/2012 fiscal term amounted to Yen 5,159 million, a 5% down from Yen 5,413 million in the previous term. Exports were hurt by the high Yen, reducing earnings & profits in Yen terms. The recurring profit was posted at Yen 431 million and the net profit at Yen 211 million, respectively, compared with Yen 454 million recurring profit and yen 218 million net profit, respectively, a year ago.
For the current term ending Mar 2013 the recurring profit is projected at Yen 440 million and the net profit at Yen 215 million, respectively, on a 3% rise in turnover, to Yen 5,300 million. .
The financial situation is considered FAIR and good for ORDINARY business engagements.
Date Registered: July 1954
Legal Status: Limited Company (Kabushiki
Kaisha)
Authorized: 240,000 shares
Issued:
60,000 shares
Sum: Yen
30 million
Major shareholders (%): Daiwa
Kasei Sales* (35), other
No. of shareholders: 22
*.. Subsidiary trading firm, at
the caption address, founded 1975, capital Yen 10 million, sales Yen 2,036
million, net profit Yen 8 million, employees 2, pres Makoto Hosoi, concurrently
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures dyestuffs &
pigments: food dye, food additives, cosmetic fragrance, flavors, natural
colors, others (--100%)
Clients: [Mfrs, wholesalers] Daiwa Kasei Sales,
Toyota Tsusho Corp, Showa Trading Co, Teramoto Seika Zairyo (confectionery
materials mfr), Kaseihin Shoji Co, other
No. of
accounts: 300
Domestic
areas of activities: Centered in the greater-Tokyo
Suppliers: [Mfrs, wholesalers] Sojitz Planet,
Miki & Co Ltd, Mitsubishi Corp, Toyota Tsusho Corp, Utsu Co, other
Payment record: No
Complaint
Location:
Business area in Saitama. Office
premises at the caption address are owned and maintained satisfactorily.
Bank References:
Mizuho
Bank (Omiya)
Saitama
Resona Bank (Yono)
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
31/03/2013 |
31/03/2012 |
31/03/2011 |
31/03/2010 |
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Annual
Sales |
|
5,300 |
5,159 |
5,413 |
4,616 |
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Recur.
Profit |
|
440 |
431 |
454 |
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Net
Profit |
|
215 |
211 |
218 |
183 |
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Total
Assets |
|
|
6,469 |
6,434 |
5,906 |
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Current
Assets |
|
|
3,669 |
3,751 |
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Current
Liabs |
|
|
1,150 |
1,263 |
|
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Net
Worth |
|
|
4,820 |
4,615 |
4,403 |
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Capital,
Paid-Up |
|
|
30 |
30 |
30 |
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Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
2.73 |
-4.69 |
17.27 |
-4.25 |
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Current Ratio |
|
.. |
319.04 |
296.99 |
.. |
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N.Worth Ratio |
.. |
74.51 |
71.73 |
74.55 |
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R.Profit/Sales |
|
8.30 |
8.35 |
8.39 |
.. |
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N.Profit/Sales |
4.06 |
4.09 |
4.03 |
3.96 |
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Return On Equity |
.. |
4.38 |
4.72 |
4.16 |
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Notes:
Forecast (or estimated) figures for the 31/03/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.34 |
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UK Pound |
1 |
Rs.88.30 |
|
Euro |
1 |
Rs.71.37 |
INFORMATION DETAILS
|
Report Prepared
by : |
SMN |
RATING EXPLANATIONS
|
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.