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Report Date : |
10.12.2013 |
IDENTIFICATION DETAILS
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Name : |
DAIWA FINE CHEMICALS CO LTD |
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Registered Office : |
2-1-17 Shmosawa-dori Hyogoku Kobe 659-0047
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Country : |
Japan |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
December 1963 |
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Com. Reg. No.: |
1400-01-03350 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Manufacturing of fine chemicals, food
processing chemicals |
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No. of Employees : |
53 |
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
DAIWA FINE CHEMICALS CO LTD
REGD NAME: Daiwa
Kasei KK
MAIN OFFICE: 2-1-17
Shmosawa-dori Hyogoku Kobe 659-0047 JAPAN
Tel:
078-577-1345 Fax: 078-577-6836
URL: www.daiwafc.co.jp
E-mail Address: (thru
the URL)
ACTIVITIES
Mfg of fine
chemicals, food processing chemicals, other
BRANCHES
Tokyo, Chiba,
Saitama, Yokohama, Ibaraki
OVERSEAS
Singapore, Hong
Kong, China (2) (--subsidiaries)
FACTORIES
Akashi, Kamaishi
OFFICER(S)
YOSHIAKI OKUHAMA,
PRES Kai Hirasawa, v pres
Yusaku Hirata, mgn
dir Akira Fujimoto, dir
Hiroshi Shimoda,
dir Koji Fukuda, dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 14,730 M
PAYMENTS NO COMPLAINTS CAPITAL Yen
88 M
TREND SLOW WORTH Yen
2,785 M
STARTED 1963 EMPLOYES 53
COMMENT
MFR OF FINE
CHEMICALS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR CREDIT ENGAGEMENTS: US$150,000 / DA TERMS
HIGHLIGHTS
The subject company was established by a certain Okuhama in order to
make most of his experience in the subject line of business. Yoshiaki is his son. This is a specialized mfr of fine chemicals,
metal finishing, food processing, with organic synthesis as the core of its
operations (See OPERATION). Goods are both imported and exported. Domestic clients include major food
processors, chemical firms, cosmetic makers, other, nationwide.
FINANCIAL
INFORMATION
The sales volume for Dec/2010 fiscal term amounted to Yen 14,730
million, a 1.4% up from Yen 14,524 million in the previous term. The recurring profit was posted at Yen 789
million and the net profit at Yen 410 million, respectively, compared with Yen
613 million recurring profit and Yen 435 million net profit, respectively, a
year ago.
.
For the current term ending Dec 2011 fiscal term the recurring profit is
projected at Yen 800 million and the net profit at Yen 420 million,
respectively, on a 3% rise in turnover, to Yen 15,200 million.
The financial situation is considered FAIR and good for ORDINARY
business engagements The proposed amount
is considered well within the firm’s financial capacities.
REGISTRATION
Date Registered: Dec
1963
Regd No.:
1400-01-03350
(Kobe-Hyogoku)
Legal Status: imited
Company (Kabushiki Kaisha)
Authorized: 710,400
shares
Issued:
177,600 shares
Sum: Yen
88.8 million
Major shareholders (%): Yoshiaki Okuhama (53.7), Okuhama
Kosan* (29.7)
*.. Holding
company owned by the Okuhama family
No. of
shareholders: 10
Nothing detrimental is known as to the
commercial morality of executives.
OPERATION
Activities: Manufactures
metal finishing, fine chemicals, food processing, other (--100%).
(Fields
of Business): Metal finishing chemicals, food processing materials, natural extracts,
industrial chemicals, inorganic chemicals, special industrial solvents,
corrosion inhibitors, natural food materials, natural flavorings &
additives, organic chemicals, feed & feed additives, electromagnetic
shielding materials, electromagnetic wave absorbers, nano-scale metal products,
ultraviolet absorbers, other
Clients: [Mfrs,
wholesalers] Zen-Noh, Fujicco Co, Ishihara Chemical Co, Mitsubishi Materials,
Lion Corp, Daiichi Sangyo Chemical Pharma Co, other
No. of accounts:
500
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Mitsui & Co, Daiwa Fine Chemicals (Laboratory) Ltd, Tsurumi
Soda Co, Taimei Chemicals Co, Honcho Chemical Inc, Higashimaru Shoyu Co, BASF
Japan, Showa Denko, other.
Payment record: No complaints
Location: Business area in
Kobe. Office premises at the caption address
are leased and maintained satisfactorily.
Bank References: SMBC
(Hyogo)
MUFG (Kobe)
Relations:
Satisfactory
FINANCES
(In Million
Yen)
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Terms Ending: |
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31/12/2013 |
31/12/2012 |
31/12/2011 |
31/12/2010 |
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Annual
Sales |
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18,000 |
17,277 |
15,725 |
14,730 |
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Recur.
Profit |
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.. |
.. |
618 |
789 |
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Net
Profit |
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240 |
220 |
407 |
410 |
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Total
Assets |
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N/A |
8,163 |
7,658 |
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Net
Worth |
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3,320 |
3,166 |
2,785 |
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Capital,
Paid-Up |
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88 |
88 |
88 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
4.18 |
9.87 |
6.75 |
1.42 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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.. |
38.78 |
36.37 |
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N.Profit/Sales |
1.33 |
1.27 |
2.59 |
2.78 |
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Notes: Financials
are only partially disclosed.
Forecast (or
estimated) figures for the 31/12/2013 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 |
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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.