|
Report Date : |
11.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
ARKEMA KK |
|
|
|
|
Registered Office : |
Fukoku Seimei Bldg 15F, 2-2-2 Uchisaiwaicho Chiyodaku Tokyo 100-0011 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
1981 |
|
|
|
|
Com. Reg. No.: |
0100-01-012764
(Tokyo-Chiyodaku) |
|
|
|
|
Legal Form : |
Limited
Company (Kabushiki Kaisha) |
|
|
|
|
Line of Business : |
Import,
export, wholesale of industrial chemicals |
|
|
|
|
No. of Employees : |
55 |
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 |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No complaints |
|
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
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
ARKEMA KK
REGD NAME: Arkema
KK
MAIN OFFICE: Fukoku
Seimei Bldg 15F, 2-2-2 Uchisaiwaicho Chiyodaku Tokyo 100-0011 JAPAN
Tel:
03-5251-9917 Fax: 03-5251-9930
URL: http://www.arkemagroup.com
E-Mail
address: (thru the URL)
Import,
export, wholesale of industrial chemicals
Kyoto
(Technical Center), Yokohama
Arkema
Yoshitomi Ltd (subsidiary) (subcontracted)
JEAN-LUC
JOUR, PRES Makoto
Ishii, v pres
Guillaume
Desurmont, dir Atsushi
Miyabo, dir
Kenji
Morita, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 19,253 M
PAYMENTS
REGULAR CAPITAL Yen 1,704 M
TREND STEADY WORTH Yen 2,295 M
STARTED 1981 EMPLOYES 55
COMMENT: TRADING
FIRM SPECIALIZING IN CHEMICALS, WHOLLY OWNED BY ARKEMA ASIE SAS, FRANCE.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
The subject company was established originally in 1974 as a representative office in Japan by Total Group, France for marketing industrial chemicals. Incorporated in 1981 as Atofina Japan. In Jan 2004, when JV between Sumitomo Chemical & Atofina, France with- drew from special resin (ethylene-based), succeeded the business. In Nov 2004, when the chemical operations of Total group France, was transferred the firm reorganized operations and
renamed as captioned. The firm imports and markets Arkema’s chemical products over the world (SeeOPERATION). In addition, the firm represents in Japan all worldwide Arkema activities, including management of all affiliates and JV companies in Japan as well as support for strategic alliances with Japanese partners.
Arkema Yoshitomi Ltd: JV with API Corp 51% (Mitsubishi Chemical Holdings Group) & Arkema KK 49%, founded 1990, Osaka, mfr of organic peroxides, capital Yen 100 million, turnover Yen 2,456 million, employees 40, pres Taichi Emura.
Financials
are only partially disclosed.
The sales
volume for Dec/2011 fiscal term amounted to Yen 19,253 million, a 14% up from
Yen 16,847 million in the previous term.
This is thanks to the rise in material prices, added to increase in
imports. The net profit is believed
posted at Yen 280 million, but not confirmed, as the firm does not disclose net
profits.
For
the current term ending Dec 2012 the net profit is projected at Yen 290
million, on a 3% rise in turnover, to Yen 19,800 million. Business is observed expanding steadily.
The
financial situation is considered FAIR and good for ORDINARY business
engagements.
Date Registered: Jan 1981
Regd No.: 0100-01-012764 (Tokyo-Chiyodaku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
4,600 shares
Issued:
4,600 shares
Sum: Yen 1,706
million
Major shareholders (%): Arkema Asie SAS (France)
(100)
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports, exports and wholesales
industrial chemicals, petrochemicals, others, the products of Arkema, France
and its group firms (--100%).
(Handling Products): Dibenzyl toluene, acrylic acid
& esters (methyl acrylate, ethyl acrylate, butyl acrylate, 2 ethyl hexyl
acrylate), PMMA, fluoro chemicals, fluoro carbons, hydrazine & derivatives,
chlorates & derivatives, hydrogen peroxide, thiochemicals (mercaptans,
methane sulfonic acid, thiogycolic acid & esters), amines, functional
additives (nanostrength, flat glass coating, container coating, acrylic impact
modifiers), activated carbons, molecular sieves, coatex, UV cure/photocure
resins, polyamides 11 granule & powder, polyamides 12 granule & powder,
caster oil derivatives, co-polyamide, polyamide elastomers, functional
polyolefins, other
Clients: [Mfrs, wholesalers] Marubeni Corp,
Mitsui & Co, Mitsubishi Chemical, Showa Denko,
Asahi Glass, Daikin Ind, Toa Gosei Co, Kohyei Trading, Tokyo Zairyo, DIC Corp,
Toray Ind, Denki Kagaku Kogyo KK, other.
No. of accounts: 800
Domestic areas of activities:
Nationwide
Suppliers: [Mfrs, wholesalers] Supplied wholly
from Arkema (France) and its group firms worldwide
Payment record:
Regular
Location:
Business area in Tokyo. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References:
MUFG
(Shinjuku-Chuo)
PNP
Paribas Bank (Tokyo)
Relations:
Satisfactory
(In Million Yen)
|
|
|
31/12/2012 |
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
Annual
Sales |
|
19,800 |
19,253 |
16,847 |
13,283 |
|
Recur.
Profit |
|
|
|
431 |
|
|
Net
Profit |
|
290 |
280 |
260 |
205 |
|
Total
Assets |
|
|
N/A |
8,236 |
N/A |
|
Net Worth |
|
|
2,295 |
2,099 |
1,917 |
|
Capital,
Paid-Up |
|
|
1,706 |
1,706 |
1,706 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
2.84 |
14.28 |
26.83 |
-27.64 |
|
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
.. |
25.49 |
.. |
|
|
N.Profit/Sales |
1.46 |
1.45 |
1.54 |
1.54 |
|
Note:
Financials are only partially disclosed.
Forecast
(or estimated) for the 31/12/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.33 |
|
|
1 |
Rs.88.50 |
|
Euro |
1 |
Rs.70.74 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.