|
Report Date : |
03.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
MT AQUA POLYMER INC |
|
|
|
|
Registered Office : |
Ueno Bldg 3F, 2-6-2 Kajicho Chiyodaku
Chuoku Tokyo 101-0004 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Date of Incorporation : |
May 2003 |
|
|
|
|
Com. Reg. No.: |
0100-01-083783
(Tokyo-Chiyodaku) |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Manufacturer of polymer produces: liquid polymer, cationic monomer, flocculants, water treatment chemicals |
|
|
|
|
No. of Employees : |
80 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
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 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 small agricultural
sector is highly subsidized and protected, with crop yields among the highest
in the world. While self-sufficient in rice production, Japan imports about 60%
of its food on a caloric basis. 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. Modest economic
growth continued after 2000, but the economy has fallen into recession three
times since 2008. A sharp downturn in business investment and global demand for
Japan's exports in late 2008 pushed Japan 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 and the
ensuing tsunami in March disrupted manufacturing. The economy has largely
recovered in the two years since the disaster, but reconstruction in the Tohoku
region has been uneven. Newly-elected Prime Minister Shinzo ABE has declared
the economy his government's top priority; he has pledged to reconsider his
predecessor's plan to permanently close nuclear power plants and is pursuing an
economic revitalization agenda of fiscal stimulus and regulatory reform and has
said he will press the Bank of Japan to loosen monetary policy. Measured on a
purchasing power parity (PPP) basis that adjusts for price differences, Japan
in 2012 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 2012. The new government will continue a longstanding debate 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 |
MT AQUA POLYMER INC
MT Aqua Polymer KK
Ueno Bldg 3F,
2-6-2 Kajicho Chiyodaku Chuoku Tokyo 101-0004 JAPAN
Tel:
03-6206-4505 Fax: 03-3251-5080
URL: http://www.mtaqua.co.jp
E-Mail address: (thru the URL)
Mfg of
polymer flocculants, water treatment chemicals
Osaka,
Nagoya, Fukuoka
Mobara
(Chiba), Sakaide (Kagawa)
AKIRA
KOMINE, PRES Yasuhiro Mito, rep dir
Tatsumi
Nonaka, dir Minoru
Akutsu, dir
Akira
Nakano, dir Akira Misawa,
dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES UNAVAILABLE*
PAYMENTSUnknown
CAPITAL Yen 460 M
TREND UNDETD WORTH UNAVAILABLE
STARTED 2003 EMPLOYES 80
*..
Sales figures are not disclosed
MFR OF POLYMER, JV WITH TOAGOSEI CO & MITSUBISHI
CHEMICAL INC.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established as a JV by Toagosei Co Ltd and Mitsubishi Chemicals Inc (See REGISTRATION). This is a specialized mfr of polymer products, liquid polymer, cationic monomer, water treatment chemicals, other. Materials are supplied from the both parents. Clients include water treatment co, other
Financials are consolidated by the both parents and not
individually disclosed, except for profits as follows.
The net profit for Dec/2012 fiscal term was posted at Yen
573 million, compared with Yen 669 million a year ago. From the profits, sales are estimated at
around Yen 57,300 million, but the figures have not been verified. No other databases have any figures at all.
The financial situation is considered FAIR and good for
ORDINARY business engagements.
Date Registered: May 2003
Regd No.: 0100-01-083783 (Tokyo-Chiyodaku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
9,200 shares
Issued: 9,200
shares
Sum: Yen 460 million
Major shareholders
(%): Toagosei Co Ltd* (51), Mitsubishi Chemicals Inc** (49)
No. of shareholders: 2
*.. Toagosei Co Ltd, leading chemical mfr, Tokyo, founded 1942, listed
Tokyo S/E, capital Yen 20,886 million, sales Yen 148,203 million, operating
profit Yen 14,583 million, recurring profit Yen 15,250 million, net profit Yen
9,699 million, total assets Yen 179,215 million, net worth Yen 135,630 million,
employees 2,509, pres Futoshi Hashimoto
**.. Mitsubishi Chemicals Inc, mfr of industrial chemicals, Tokyo,
founded 1950, capital Yen 50,000 million, sales Yen 2,080,902 million,
operating profit Yen 23,077 million, recurring profit Yen 30,219 million, net
profit Yen 2,914 million, total assets Yen 1,561,609 million, net worth Yen
304,981 million, employees 27,591, pres Hiroaki Ishizuka
Nothing detrimental is known as to the commercial morality of
executives.
Activities:
Manufactures polymer produces: liquid polymer, cationic monomer, flocculants,
water treatment chemicals, other (--100%)
Clients:
[Mfrs, wholesalers] Hymo Co, Kurita Water Ind Co, DiaNitrix Co, other
No. of
accounts: 300
Domestic
areas of activities: Nationwide
Suppliers:
[Mfrs, wholesalers] Toagosei Co, Mitsubishi Chemicals Inc, other
Payment
record: Unknown
Location:
Business area in Tokyo. Office premises at
the caption address are leased and maintained satisfactorily.
Bank References:
SMBC (Hibiya)
Mizuho Corporate Bank (H/O)
Relations: Satisfactory
(In
Million Yen)
NOT
DISCLOSED AND UNAVAILABLE.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.80 |
|
UK Pound |
1 |
Rs.91.95 |
|
Euro |
1 |
Rs.80.36 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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.