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Report Date : |
11.02.2013 |
IDENTIFICATION DETAILS
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Name : |
AKI SHOKAI CO LTD |
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Registered Office : |
#205 Freedio-Shibakoen, 2-8-11 Shibadaimon Minatoku Tokyo 105-0012 |
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Country : |
Japan |
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Financials (as on) : |
31.05.2012 |
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Date of Incorporation : |
April, 1991 |
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Com. Reg. No.: |
001100 |
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Legal Form : |
Limited Company |
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Line of Business : |
Export of industrial chemicals &
intermediates |
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No. of Employees : |
3 |
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 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 |
AKI SHOKAI CO LTD
Aki Shokai KK
#205
Freedio-Shibakoen, 2-8-11 Shibadaimon Minatoku Tokyo 105-0012 JAPAN
Tel:
03-5425-6822 Fax: 03-5425-6833
URL: Error! Hyperlink reference not valid.
Export of
industrial chemicals & intermediates
Nil
SHIGEAKI MORI,
PRES
Junko Mori, dir
Yen Amount: In million
Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 1,638 M
PAYMENTS NO COMPLAINTS CAPITAL Yen
10 M
TREND STEADY WORTH Yen
150 M
STARTED 1991 EMPLOYES 3
TRADING HOUSE SPECIALIZING IN EXPORTING INDUSTRIAL CHEMICALS. FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established by Shigeaki Mori in order to make
most of his experience in the subject line of business. This is a small-sized trading house, owned
and managed by the Mori family, specializing in exporting industrial chemicals,
their intermediates & ingredients.
Destinations are centered in Asia-Pacific region: India, Pakistan,
Thailand, Singapore, Korea, Hong Kong, Australia, China, etc. 50% of the products are exported to
India. Goods are supplied from domestic
major industrial chemical mfrs. Also
imports chemicals from India, other.
The sales volume for May/2012 fiscal term
amounted to Yen 1,638 million, a 5% up from Yen 1,567 million in the previous
term. Exports were robust particularly
into India and China. The recurring
profit was posted at Yen 36 million and the net profit at Yen 20 million,
respectively, compared with Yen 31 million recurring profit and Yen 20 million
net profit, respectively, a year ago.
For the current term ending May 2013 the recurring profit is projected
at Yen 40 million and the net profit at Yen 25 million, respectively, on a 4%
rise in turnover, to Yen 1,700 million.
Exports continue growing steadily.
The financial situation is considered
maintained FAIR and good for ORDINARY business engagements.
Date Registered: Apr 1991
Regd No.:
(Tokyo-Minatoku)
001100
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 800
shares
Issued: 200
shares
Sum: Yen
10 million
Major
shareholders (%): Shigeaki Mori
(100)
Nothing
detrimental is known as to the commercial morality of executives.
Activities: A trading house
specializing in exporting industrial chemicals, intermediates & ingredients (--100%).
Exports to: India, Thailand, Hong Kong,
Australia, Pakistan, Korea, Singapore, China, and other S/E Asian countries,
South Africa, other.
Clients:
[Chemical
mfrs, wholesalers] Exports to India (50%), China (20%), Thailand, Pakistan,
Australia, Singapore, Hong Kong, Korea, South Africa, other.
Also shipped to
domestic chemical mfrs.
No. of accounts: 100 (Domestic
clients only)
Domestic areas of activities:
Centered in greater-Tokyo
Suppliers: [Mfrs,
wholesalers] Daicel Chemical Ind, Mitsui Chemicals, Sumitomo Seika Chemicals, Air Water Inc, Nippon Carbide
Ind, Kuraray Ind, Kanto Natural Gas Development, other. Also imports from
India, etc.
Payment record: No Complaints
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
MUFG
(Hamamatsucho)
Mizuho Bank
(Hamamatsucho)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/05/2013 |
31/05/2012 |
31/05/2011 |
31/05/2010 |
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Annual
Sales |
|
1,700 |
1,638 |
1,567 |
1,489 |
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Recur.
Profit |
|
40 |
36 |
31 |
47 |
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Net
Profit |
|
25 |
20 |
20 |
26 |
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Total
Assets |
|
|
382 |
406 |
503 |
|
Current
Assets |
|
|
267 |
336 |
361 |
|
Current
Liabs |
|
|
111 |
156 |
223 |
|
Net
Worth |
|
|
150 |
130 |
109 |
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Capital,
Paid-Up |
|
|
10 |
10 |
10 |
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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 |
3.79 |
4.53 |
5.24 |
23.47 |
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Current Ratio |
|
.. |
240.54 |
215.38 |
161.88 |
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N.Worth Ratio |
.. |
39.27 |
32.02 |
21.67 |
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R.Profit/Sales |
|
2.35 |
2.20 |
1.98 |
3.16 |
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N.Profit/Sales |
1.47 |
1.22 |
1.28 |
1.75 |
|
|
Return On Equity |
.. |
13.33 |
15.38 |
23.85 |
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Notes: Forecast
(or estimated) figures for the 31/05/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.57 |
|
|
1 |
Rs.84.25 |
|
Euro |
1 |
Rs.71.78 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
RATING EXPLANATIONS
|
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 |
|
---- |
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.