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Report Date : |
03.01.2013 |
IDENTIFICATION DETAILS
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Name : |
CLARIANT CATALYSTS (JAPAN) KK |
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Registered Office : |
Bunkyo Green Court 9F, 2-18-8 Honkomagome Bunkyoku Tokyo 113-0021 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
September 1966 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer of catalysts |
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No. of Employees : |
100 |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Good |
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Payment Behaviour : |
Regular |
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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 (31.03.2011) |
Current Rating (30.06.2012) |
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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 third-largest
economy in the world after second-place China, which surpassed Japan in 2001,
and in a virtual tie with India. 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 CATALYSTS (JAPAN) KK
REGD NAME: Clariant
Shokubai KK
MAIN OFFICE: Bunkyo
Green Court 9F, 2-18-8 Honkomagome Bunkyoku Tokyo 113-0021
JAPAN
Tel:
03-5977-7300 Fax: 03-5977-7889
URL: http://www.clariant-catalysts.co.jp
E-Mail address: (thru the URL)
Mfg of catalysts
Osaka, Shizuoka
Indonesia, Korea,
Taiwan, Singapore
Toyama; Indonesia
NORIO MITSUNARI,
PRES
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 23,614 M
PAYMENTS REGULAR CAPITAL Yen 450 M
TREND UP WORTH Yen 8,057 M
STARTED 1966 EMPLOYES 100
MFR OF CATALYSTS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was
established originally as a JV between Nissan Chemical Ind and US firm, and
later it became a 100% owned subsidiary of Clariant International Ltd. This is a special mfr of catalyst and other
industrial chemicals. Goods are both
imported and exported.
Financials are only
partially disclosed.
The sales volume for Dec/2011 fiscal term
amounted to Yen 23,614 million, an almost similar amount in the previous
term. The net profit was posted at Yen
1,177 million, compared with Yen 1,758 million a year ago.
For the current term
ending Dec 2012 the net profit is projected at Yen 1,700 million, on a 3% rise
in turnover, to Yen 24,300 million.
The financial
situation is considered FAIR and good for ORDINARY business engagements.
Date Registered:
Sept 1966
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 2 million shares
Issued: 2 million shares
Sum: Yen 450 million
Major
shareholders (%): Clariant International Ltd (100)
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures,
imports and exports catalysts, and other industrial chemicals (--100%)
Clients: [Mfrs,
wholesalers] OG Corp, Miki Ind, NOF Ind, other
No. of accounts:
300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Clariant Group firms, 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)
Mizuho Bank
(Komagome)
Relations:
Satisfactory
(In Million
Yen)
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31/12/2012 |
31/12/2011 |
31/12/2010 |
31/12/2009 |
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Annual
Sales |
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24,300 |
23,614 |
23,630 |
20,892 |
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Recur.
Profit |
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Net
Profit |
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1,700 |
1,677 |
1,758 |
1,102 |
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Total
Assets |
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N/A |
N/A |
N/A |
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Net
Worth |
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8,057 |
6,380 |
4,622 |
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Capital,
Paid-Up |
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|
450 |
450 |
450 |
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Div.P.Share(¥) |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
2.91 |
-0.07 |
13.11 |
-0.51 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
|
.. |
.. |
.. |
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N.Profit/Sales |
7.00 |
7.10 |
7.44 |
5.27 |
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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.54.39 |
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|
1 |
Rs.88.76 |
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Euro |
1 |
Rs.72.19 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.