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Report Date : |
30.04.2013 |
IDENTIFICATION DETAILS
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Name : |
SHIN NIPPON YAKUGYO CO LTD |
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Registered Office : |
11-9 Nihombashi-Tomizawacho Chuoku Tokyo 103-0006 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
April 1951 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, export, wholesale of pharmaceuticals, cosmetics, chemicals, other |
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No. of Employees : |
43 |
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 |
COMPANY NAME AND ADDRESS
SHIN NIPPON YAKUGYO CO LTD
REGD NAME: Shin
Nippon Yakugyo KK
MAIN OFFICE: 11-9
Nihombashi-Tomizawacho Chuoku Tokyo 103-0006 JAPAN
Tel:
03-3667-5941 Fax: 03-3667-5944
URL: http://www.snyjapan.co.jp
E-mail Address: (thru
the URL)
ACTIVITIES: Import,
export, wholesale of pharmaceuticals, cosmetics, chemicals, other
BRANCHES: Osaka
OFFICER(S): HIDEO
TSUNODA, PRES Koichiro Tsunoda,
mgn dir
Natsuhiko Hanada,
dir Kiyokazu Kashihara, dir
Masatake Yoshida, dir Masayo Fujimoto, dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY: FINANCES FAIR A/SALES Yen 7,956 M
PAYMENTS REGULAR CAPITAL Yen 80 M
TREND STEADY WORTH Yen
2,697 M
STARTED 1951 EMPLOYES 43
COMMENT: TRADING
FIRM SPECIALIZING IN PHARMACEUTICALS, CHEMICALS,
COSMETICS,
OTHER.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS
MAX CREDIT LIMIT: YEN
259.8 MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS:
The subject company was
established by a certain Tsunoda in order to make most of his experience in the
subject line of business. The firm has
been succeeded by his descendants. This
is a trading firm specializing in import, export and wholesale of:
pharmaceuticals products, medical products for animals, agricultural chemicals,
cosmetics, other (See OPERATION). Clients include major pharmaceutical makers
nationwide.
FINANCIAL
INFORMATION:
The sales volume for
Mar 2012 fiscal term amounted to Yen 7,956 million, a 13% up from Yen 7,037
million in the previous term. The
recurring profit was posted at Yen 105 million and the net profit at Yen 120
million, respectively, compared with Yen 165 million recurring profit and Yen
28 million net profit, respectively, a year ago.
.
For the term ended
Mar 2013 the recurring profit was projected at Yen 110 million and the net
profit at Yen 130 million, respectively, on a 5% rise in turnover, to Yen 8,350
million. Final results are yet to be
released.
The financial situation
is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 259.8
million, on 30 days normal terms.
REGISTRATION
Date
Registered: Apr 1951
Legal
Status: Limited Company
(Kabushiki Kaisha)
Authorized: 6.4 million shares
Issued: 1.6 million shares
Sum:
Yen 80 million
Major
shareholders (%): Koichiro Tsunoda (21), Hideo Tsunoda (16), Keiji Yoshida
(14),
Employees’
S/Holding Assn (10), Noriko Nachigami (8)
No. of shareholders: 23
Nothing detrimental is known as to the
commercial morality of executives.
OPERATION:
Activities: Imports, exports
and wholesales: pharmaceuticals, medicated cosmetics, cosmetics, medical
devices, veterinary medicines, agricultural chemicals, reagents, diagnostic
agents, chemicals, food products, food additives, animal feeds, other (--100%)
Clients: [Mfrs, wholesalers] Nichi-Iko
Pharmaceutical Co, Mitsubishi Tanabe Pharma Corp, Yakult Honsha, Aska
Pharmaceutical Co, Hisamitsu Pharmaceutical, Towa Pharmaceutical Co, Taisho
Pharmaceutical, Kobayashi Kako Co, Zensei Pharmaceutical Ind, Seiko Eiyo
Yakuhin Co, other
No. of accounts: 500
Domestic areas of activities:
Nationwide
Suppliers: [Mfrs,
wholesalers] New Zealand Pharmaceutical, Kanematsu GmbH, MIAT Spa, Yuhan Corp,
Nichi-Iko Pharmaceutical, Nippon Carbide Ind, Seiko Eiyo Yakuhin, Konoshima
Chemical Co, other.
Payment record: Regular
Location: Business area in Tokyo. Office premises at the caption address are
leased and maintained satisfactorily.
Bank
References:
MUFG (Nihombashi-Chuo)
Mizuho Bank (Nihombashi)
Relations: Satisfactory
FINANCES
(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 |
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8,350 |
7,956 |
7,037 |
6,557 |
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Recur.
Profit |
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110 |
105 |
16 |
195 |
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Net
Profit |
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130 |
120 |
28 |
82 |
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Total
Assets |
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6,361 |
6,487 |
6,186 |
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Current
Assets |
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3,235 |
3,608 |
3,344 |
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Current
Liabs |
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2,940 |
3,033 |
2,719 |
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Net
Worth |
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2,697 |
2,664 |
2,663 |
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Capital,
Paid-Up |
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80 |
80 |
80 |
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Div.P.Share(¥) |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
4.95 |
13.06 |
7.32 |
3.95 |
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Current Ratio |
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.. |
110.03 |
118.96 |
122.99 |
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N.Worth Ratio |
.. |
42.40 |
41.07 |
43.05 |
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R.Profit/Sales |
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1.32 |
1.32 |
0.23 |
2.97 |
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N.Profit/Sales |
1.56 |
1.51 |
0.40 |
1.25 |
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Return On Equity |
.. |
4.45 |
1.05 |
3.08 |
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Notes: Forecast
(or estimated) figures for the 31/03/2013 Fiscal Term.
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.