|
Report Date : |
18.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
CLARIANT (JAPAN) KK |
|
|
|
|
Registered Office : |
Bunkyo Green Court 9F, 2-28-8 Honkomagome Bunkyoku Tokyo 113-8662 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
September, 1966 |
|
|
|
|
Com. Reg. No.: |
0100-01-002343 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Mfg of specialty chemicals |
|
|
|
|
No. of Employees : |
173 |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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 |
|
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 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 |
CLARIANT (JAPAN)
KK
Clariant Japan KK
Bunkyo Green Court 9F, 2-28-8 Honkomagome Bunkyoku Tokyo 113-8662 JAPAN
Tel: 03-5977-7880 Fax:
03-5977-7883
URL: http://www.clariant.co.jp/
E-Mail address: recuitCJ@clariant.co.jp
Mfg of specialty chemicals
Osaka
Shizuoka
NORIO MITSUNARI, PRES
Tetsuo Ohno, dir
Yen Amount: In million Yen,
unless otherwise stated
FINANCES FAIR A/SALES Yen 23,644 M
PAYMENTS REGULAR CAPITAL Yen
450 M
TREND STEADY WORTH Yen
6,790 M
STARTED 1966 EMPLOYES 173
MFR SPECIALIZING IN SPECIALTY CHEMICALS, WHOLLY OWNED BY CLARIANT
PARTIPATIONS BV, SWITZ.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUISNESS ENGAGEMENTS
The subject company was established by Clariant BV, Switz as its mfg
& marketing base in Japan. The firm
specializes in mfg specialty chemicals, pigments & additives, leather &
paper chemicals, textiles, plastics, other.
Materials are supplied from the Switz parent and its group firms. Clients are major chemicals mfrs,
wholesalers, other.
Financials are only partially disclosed.
The sales volume for Dec/2011 fiscal term amounted to Yen 23,644 million,
an almost similar amount of Yen 23,630 million in the previous term. The recurring profit was posted at Yen 2,823
million and the net profit at Yen 1,677 million, respectively, compared with
Yen 2,980 million recurring profit and Yen 1,758 million net profit,
respectively, a year ago.
For the term that ended Dec 2012 the recurring profit was projected at
Yen 2,830 and the net profit at Yen 1,700 million, respectively, on a 2% rise
in turnover, to Yen 24,000 million.
Final results are yet to be produced.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
Date Registered: Sept
1966
Regd No.: 0100-01-002343
(Tokyo-Bunkyoku)
Legal Status: Limited Company (Kabushiki
Kaisha)
Authorized: 2 million shares
Issued:
2 million
shares
Sum: Yen
450 million
Major shareholders
(%):
Clariant Participations BV
(Switz) (100)
Nothing detrimental is known as to the commercial morality of
executives.
Activities: Manufactures specialty chemicals: textiles, leather &
paper chemicals, pigments
& additives, functional chemicals, emulsion, detergents &
intermediates, functional materials,
pigments, coatings, coloring agents, others (--100%).
Materials and products are supplied from the Switz parent and its group
firms.
Clients: [Mfrs,
wholesalers] OG Corp, Morishita & Co, Dainichiseika Color & Chemicals,
Yamamoto Trading, Miki & Co, DIC Corp, other
No. of accounts: 500
Domestic areas of activities:
Nationwide
Suppliers: [Mfrs,
wholesalers] Supplied from Clariant and group firms, Wacker-Chemie AG, Huayi
Trading Hong Kong Ltd, other.
Domestically supplied from: Mitsuboshi Chemical, Aoki Oil Ind, Nippon
Peroxide, Kao Corp, other.
Payment record: Regular
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
SMBC (Akasaka-Sanno)
MUFG (Aoyamadori)
Relations: Satisfactory
(In Million Yen)
|
|
|
31/12/2012 |
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
Annual Sales |
|
24,000 |
23,644 |
23,630 |
20,392 |
|
Recur. Profit |
|
2,830 |
2,823 |
2,980 |
1,889 |
|
Net Profit |
|
1,700 |
1,677 |
1,758 |
1,102 |
|
Total Assets |
|
|
12,298 |
12,930 |
N/A |
|
Net Worth |
|
|
6,790 |
5,617 |
4,386 |
|
Capital, Paid-Up |
|
|
450 |
450 |
450 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
1.51 |
0.06 |
15.88 |
-23.73 |
|
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
55.21 |
43.44 |
.. |
|
|
N.Profit/Sales |
7.08 |
7.09 |
7.44 |
5.40 |
|
Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 31/12/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.99 |
|
|
1 |
Rs.83.72 |
|
Euro |
1 |
Rs.72.08 |
INFORMATION DETAILS
|
Report Prepared by
: |
SDA |
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.