MIRA INFORM REPORT

 

 

Report Date :

20.12.2013

 

IDENTIFICATION DETAILS

 

Name :

DAIWA DYESTUFF MFG CO LTD

 

 

Registered Office :

5-7-1 Shinnakazato Chuoku Saitama 338-0011

 

 

Country :

Japan

 

 

Financials (as on) :

31.03.2013

 

 

Date of Incorporation :

July 1954

 

 

Com. Reg. No.:

0300-01-005096

 

 

Legal Form :

Limited Company (Kabushiki Kaisha)

 

 

Line of Business :

Manufacturing of dyestuffs, synthetic resin coloring

 

 

No. of Employees :

100

 

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

 

 

 

COMPANY NAME AND ADDRESS

 

DAIWA DYESTUFF MFG CO LTD

 

REGD NAME:    Daiwa Kasei KK

MAIN OFFICE:  5-7-1 Shinnakazato Chuoku Saitama 338-0011 JAPAN

Tel: 048-832-3121    Fax: 048-831-9171

 

 

URL:                 www.daiwadyestuff.com

E-Mail address: (thru the URL)

 

 

ACTIVITIES

 

Mfg of dyestuffs, synthetic resin coloring

 

 

BRANCHES     

 

Nil

 

 

FACTORIES:    

 

At the caption address

 

 

OFFICERS       

 

MAKOTO HOSOI, PRES            Keisuke Arai, ch

Takeshi Hasegawa, s/mgn dir     Osamu Inoue, mgn dir

Masatake Tanaka, mgn dir          Ryuichi Masuda, dir                              

           

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY       

 

FINANCES        FAIR                             A/SALES          Yen 5,072 M

PAYMENTS      NO COMPLAINTS          CAPITAL           Yen 30 M

TREND             SLOW                          WORTH            Yen 5,072 M

STARTED         1954                             EMPLOYES      100

 

 

COMMENT       

 

MFR OF DYESTUFFS.

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

 

 

HIGHLIGHTS

           

The subject company was established by Keisuke Arai in order to make most of his experience in the subject line of business.  This is a specialized mfr of dyestuffs, pigments, coloring agents, food additives, other.  Has a trading subsidiary, Daiwa Kasei Sales Co Ltd, at the caption address to do the trading.  Financials are solid with no debt management.  Clients include food makers, cosmetic makers, other.

 

 

FINANCIAL INFORMATION

           

The sales volume for Mar/2013 fiscal term amounted to Yen 5,072 million, a 25% down from Yen 5,159 million in the previous term.  Exports were hurt by the high Yen, reducing earnings & profits in Yen terms.  The recurring profit was posted at Yen 471 million and the net profit at Yen 259 million, respectively, compared with Yen 431 million recurring profit and yen 211 million net profit, respectively, a year ago.

 

For the current term that ending Mar 2014 the recurring profit is projected at Yen 500 million and the net profit at Yen 270 million, respectively, on a 5% rise in turnover, to Yen 5,300 million.  .  . 

 

The financial situation is considered FAIR and good for ORDINARY business engagements. 

 

 

REGISTRATION

 

Date Registered:  July 1954

Regd No.:            0300-01-005096 (Saitama-Chuoku)

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         240,000 shares

Issued:                60,000 shares

Sum:                   Yen 30 million

Major shareholders (%): Daiwa Kasei Sales* (35), other

No. of shareholders: 22

 

*.. Subsidiary trading firm, at the caption address, founded 1975, capital Yen 10 million, sales Yen 2,036 million, net profit Yen 8 million, employees 2, pres Makoto Hosoi, concurrently

Nothing detrimental is known as to the commercial morality of executives.

 

 

OPERATION

           

Activities: Manufactures dyestuffs & pigments: food dye, food additives, cosmetic fragrance, flavors, natural colors, others (--100%)

 

Clients: [Mfrs, wholesalers] Daiwa Kasei Sales (30%), Toyota Tsusho Corp, Showa Trading Co, Teramoto Seika Zairyo (confectionery materials mfr), Kaseihin Shoji Co, Mitsubishi Pencil, Pilot Corp, other 

No. of accounts: 300

Domestic areas of activities: Centered in the greater-Tokyo

 

Suppliers: [Mfrs, wholesalers] Sojitz Planet, Miki & Co Ltd, Mitsubishi Corp, Toyota Tsusho Corp, Utsu Co, Marubeni Plax, Mitsui & Co, Sumitomo Corp, other

 

Payment record: No complaints

 

Location: Business area in Saitama.  Office premises at the caption address are owned and maintained satisfactorily.

 

Bank References:        Mizuho Bank (Omiya)

                                    Saitama Resona Bank (Yono)

                                    Relations: Satisfactory

 

FINANCES

 

(In Million Yen)

       Terms Ending:

31/03/2014

31/03/2013

31/03/2012

31/03/2011

Annual Sales

　

5,300

5,072

5,159

5,413

Recur. Profit

　

500

471

431

454

Net Profit

　

270

259

211

218

Total Assets

　

　

6,524

6,469

6,434

Current Assets

　

　

3,765

3,669

3,751

Current Liabs

　

　

2,038

1,150

1,263

Net Worth

　

　

5,072

4,820

4,615

Capital, Paid-Up

　

　

30

30

30

Div.Ttl in Million (¥)

　

　

6

6

6

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

4.50

-1.69

-4.69

17.27

    Current Ratio

 

..

184.74

319.04

296.99

    N.Worth Ratio

..

77.74

74.51

71.73

    R.Profit/Sales

 

9.43

9.29

8.35

8.39

    N.Profit/Sales

5.09

5.11

4.09

4.03

    Return On Equity

..

5.11

4.38

4.72

 

Notes: Forecast (or estimated) figures for the 31/03/2014 fiscal term.

 

 

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.