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Report Date : |
10.10.2012 |
IDENTIFICATION DETAILS
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Name : |
BYK CHEMIE JAPAN KK |
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Registered Office : |
3-29 Motomuracho Shinjukuku Tokyo 162-0845
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Country : |
Japan |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
December 1984 |
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Com. Reg. No.: |
0111-01-055378 (Tokyo-Shinjukuku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale of pigments, coating/plastic additives |
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No. of Employees : |
44 employees |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
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.
|
Source : CIA |
BYK CHEMIE JAPAN KK
Bick Chemie Japan
KK
3-29 Motomuracho
Shinjukuku Tokyo 162-0845 JAPAN
Tel:
03-6457-5501 Fax: 03-6457-5502
*.. The is its Nagoya Branch
URL: www.byk.com/jp
E-mail: info@byk.com/jp
Import,
wholesale of pigments, coating/plastic additives
Nagoya,
Osaka
MASARU
FUKUDA, PRES
Yen
Amount: In million Yen, unless otherwise
stated
FINANCES FAIR A/SALES Yen 5,000 M
PAYMENTSNo Complaints CAPITAL Yen 50 M
TREND SLOW WORTH Yen 245 M
STARTED 1984 EMPLOYES 44
TRADING FIRM SPECIALIZING IN
IMPORT OF COATING INGREDIENTS, WHOLLY OWNED
BY BYK-CHEMIE GMBH, GERMANY.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
The subject company was established by BYK-Chemie GmbH,
Germany, as its marketing arm in Japan.
This is a trading firm specializing in import of pigments,
coating/plastic additives & ingredients, other. Products are wholly supplied by the German
parent and its group firms. Clients
include major chemical traders, mfrs, other, nationwide.
Financials are consolidated by the German parent and only
partially disclosed.
The sales volume for Dec/2011 fiscal term amounted to Yen 5,000 million, a 4% down from Yen 5,200 million in the previous term. Sales in Yen terms were reduced by the high Yen. The net profit is believed posted at Yen 10 million, similarly in the previous term. Profits are not disclosed in precise figures. .
For the current term ending Dec 2012 the net profit is projected at Yen 10 million, on a 4% rise in turnover, to Yen 5,200 million.
The financial situation is considered FAIR and good for ORDINARY business engagements.
Date Registered: Dec
1984
Regd No.: 0111-01-055378 (Tokyo-Shinjukuku)
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 100,000 shares
Issued: 100,000
shares
Sum: Yen 50 million
Major shareholders (%):
BYK-Chemie GmbH, Germany (100)
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports and wholesales pigments, coating/plastic ingredients & additives, other (--100%).
Clients: [Mfrs, wholesalers] Nagase Corp, CBC, Tetsutani Co, Nippon Tsusan Co, NDF Metal Coating, Yamamoto Trading Co, other
No. of accounts: 300
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] BYK-Chemie GmbH, BYK-Cera BV, Eckart GmbH & Co, other
Payment record: No Complaints
Location: Business area in Tokyo. Office premises at the caption address are leased and maintained satisfactorily.
Bank References:
SMBC
(Iidabashi)
Relations:
Satisfactory
(In Million Yen)
|
|
|
31/12/2012 |
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
Annual
Sales |
|
5,200 |
5,000 |
5,200 |
5,000 |
|
Recur.
Profit |
|
|
|
|
|
|
Net
Profit |
|
10 |
10 |
10 |
10 |
|
Total
Assets |
|
|
N/A |
N/A |
N/A |
|
Net
Worth |
|
|
245 |
235 |
225 |
|
Capital,
Paid-Up |
|
|
50 |
50 |
50 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
4.00 |
-3.85 |
4.00 |
-9.09 |
|
|
Current Ratio |
.. |
.. |
.. |
||
|
N.Worth Ratio |
.. |
.. |
.. |
||
|
N.Profit/Sales |
0.19 |
0.20 |
0.19 |
0.20 |
|
Notes:
Financials are only partially disclosed.
Profits are estimated as not precisely disclosed
Forecast
(or estimated) figures for the 31/12/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.38 |
|
UK Pound |
1 |
Rs.83.99 |
|
Euro |
1 |
Rs.67.99 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
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.