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Report Date : |
25.02.2013 |
IDENTIFICATION DETAILS
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Name : |
TATEYAMA KASEI SHOJI CO LTD |
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Registered Office : |
Itoyoshi Bldg 3F, 2-5-9 Doshomachi Chuoku
Osaka 541-0045 |
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Country : |
Japan |
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Financials (as on) : |
31.05.2012 |
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Date of Incorporation : |
July 1982 |
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Com. Reg. No.: |
1200-01-084094 (Osaka-Chuoku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, export, wholesale of
pharmaceutical intermediates, chemicals |
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No. of Employees : |
08 |
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 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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.
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Source : CIA |
TATEYAMA KASEI SHOJI CO LTD
Tateyama Kasei
Shoji KK
Itoyoshi Bldg 3F, 2-5-9
Doshomachi Chuoku Osaka 541-0045 JAPAN
Tel:
06-6223-0223 Fax: 06-6223-0212
URL: http://www.tateyamakasei.com
E-Mail address: tks_osaka@tateyamakasei.com
Import,
export, wholesale of pharmaceutical intermediates, chemicals, other
Tokyo
IWAO
KATGUCHI, PRES
Minoru
Kataguchi, ch
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 4,251 M
PAYMENTS No complaints CAPITAL Yen
15 M
TREND SLOW WORTH Yen 341 M
STARTED 1982 EMPLOYES 8
TRADING FIRM SPECIALIZING IN PHARMACEUTICAL
INTERMEDIATES, OWNED BY TATEYAMA KASEI
CO LTD.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established on the basis of a trading division
separated from Tateyama Kasei Co Ltd (See REGISTRATION). This is a trading firm specializing in import,
export and wholesale of pharmaceutical intermediates, chemical products,
resins, other (see OPERATION). Goods are more exported than imported. Clients include pharmaceutical makers,
chemical makers, other
The sales volume for May/2012 fiscal term amounted to Yen 4,251 million,
an 11% down from Yen 4,758 million in the previous term. High Yen hurt export revenues and profits in
Yen terms. The recurring profit was
posted at Yen 25 million and the net profit at Yen 21 million, respectively,
compared with Yen 49 million recurring profit and Yen 33 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 2%
rise in turnover, to Yen 4,350 million.
.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
Date Registered: Jul 1982
Regd No.: 1200-01-084094 (Osaka-Chuoku)
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized:
5,520 shares
Issued: 1,380 shares
Sum: Yen 15 million
Major shareholders (%): Tateyama Kasei Co Ltd* (100)
*.. Mfr of pharmaceuticals intermediates, Toyama, founded 1953, capital
Yen 80 million, sales Yen 3,795 million, net profit Yen 149 million, employees
147, pres Makoto Kataguchi
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports, exports
and wholesales pharmaceutical intermediates, acid esters, resins, cleaning
agents for semiconductors, other chemical products (--100%)
Clients: [Mfrs,
wholesalers] Tateyama Kasei Co, Astellas Pharma Inc, Takeda Pharmaceutical Co,
Fuji Film Holdings, Eisai Corp, Daiichi Sankyo Co, Dainippon Sumitomo Pharma
Co, Japan Tobacco Inc, Otsuka Pharmaceutical Co, other
No. of accounts: 500
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Mitsubishi Tanabe Pharma Corp, Tateyama Kasei Co, Astellas Pharma
Inc, Asahi Kasei Trading, Air Water Inc, Toyobo Co, Tokuyama Corp, Daicel Corp,
API Corp, Otsuka Chemical Co, other
Payment record: No
Complaints
Location:
Business area in Osaka. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References:
Hokuriku
Bank (Osaka)
MUFG
(Semba-Chuo)
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 |
|
4,350 |
4,251 |
4,758 |
4,827 |
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Recur.
Profit |
|
40 |
35 |
49 |
|
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Net
Profit |
|
25 |
21 |
33 |
32 |
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Total
Assets |
|
|
775 |
857 |
987 |
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Current
Assets |
|
|
737 |
814 |
|
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Current
Liabs |
|
|
427 |
529 |
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Net
Worth |
|
|
347 |
328 |
297 |
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Capital,
Paid-Up |
|
|
15 |
15 |
15 |
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Div.P.Share(¥) |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
2.33 |
-10.66 |
-1.43 |
2.22 |
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Current Ratio |
|
.. |
172.60 |
153.88 |
.. |
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N.Worth Ratio |
.. |
44.77 |
38.27 |
30.09 |
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R.Profit/Sales |
|
0.92 |
0.82 |
1.03 |
.. |
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N.Profit/Sales |
0.57 |
0.49 |
0.69 |
0.66 |
|
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Return On Equity |
.. |
6.05 |
10.06 |
10.77 |
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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.54.43 |
|
UK Pound |
1 |
Rs.83.20 |
|
Euro |
1 |
Rs.71.91 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
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---- |
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.