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Report Date : |
06.06.2013 |
IDENTIFICATION DETAILS
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Name : |
ARYSTA LIFESCIENCE AGRIMART CORPORATION |
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Registered Office : |
St Luke’s Tower 38F, 8-1 Akashicho Chuoku |
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Country : |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
August 2001 |
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Com. Reg. No.: |
0100-01-101503 (Tokyo-Chuoku) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Manufacturer of agrochemicals, vermicides chemicals, insecticide, other |
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No. of Employees : |
5 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit: |
Yen 60.7 Million |
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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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
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 small agricultural sector is highly subsidized and protected, with
crop yields among the highest in the world. While self-sufficient in rice
production, Japan imports about 60% of its food on a caloric basis. 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. Modest economic growth continued after 2000, but the
economy has fallen into recession three times since 2008. A sharp downturn in
business investment and global demand for Japan's exports in late 2008 pushed
Japan 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 and the ensuing tsunami in March disrupted
manufacturing. The economy has largely recovered in the two years since the
disaster, but reconstruction in the Tohoku region has been uneven.
Newly-elected Prime Minister Shinzo ABE has declared the economy his
government's top priority; he has pledged to reconsider his predecessor's plan
to permanently close nuclear power plants and is pursuing an economic
revitalization agenda of fiscal stimulus and regulatory reform and has said he
will press the Bank of Japan to loosen monetary policy. Measured on a
purchasing power parity (PPP) basis that adjusts for price differences, Japan
in 2012 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 2012. The new government will continue a longstanding debate 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
ARYSTA LIFESCIENCE AGRIMART CORPORATION
REGD NAME: Arysta
Lifescience Agrimart KK
MAIN OFFICE: St
Luke’s Tower 38F, 8-1 Akashicho Chuoku Tokyo 104-0044
Tel:
03-3547-4320 Fax: 03-3547-4318
URL: http://www.arystalifescience.com
E-Mail address: info@arystalifescience.com
Mfg of
agrochemicals, vermicides chemicals, insecticide, other
Nil
USA, Korea,
Europe, other (--group firms)
SHINJI TANAKA
Hisaya Kobayashi,
dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 1,485 M
PAYMENTSNO
COMPLAINTS CAPITAL Yen 250 M
TREND SLOW WORTH Yen 688 M
STARTED 2001 EMPLOYES 5
MFR OF AGROCHEMICALS, INSECTICIDES, OTHER.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS
MAX CREDIT LIMIT:
YEN 60.7 MILLION, 30 DAYS NORMAL TERMS.
.
The subject company was
established by Arysta Lifescience Corp (See REGISTRATION), as its mfg division in Japan. This is a specialized mfr of agrochemicals,
insecticides, vermicides chemicals, other organic/inorganic chemicals. Goods are exported and imported. Domestic clients include major pharmaceuticals
& chemicals mfrs, nationwide.
The sales volume for
Dec/2012 fiscal term amounted to Yen 1,485 million, a 6% down from Yen 1,588
million in the previous term. The recurring
profit was posted at Yen 55 million and the net profit at Yen 30 million,
respectively, compared with Yen 54 million recurring profit and Yen 31 million
net profit, respectively, a year ago.
For the current
term ending Dec 2013 the recurring profit is projected at Yen 60 million and
the net profit at Yen 35 million, respectively, on a 5% rise in turnover, to
Yen 1,560 million. .
The financial
situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 60.7
million, on 30 days normal terms.
Date Registered:
Aug 2001
Regd No.: 0100-01-101503 (Tokyo-Chuoku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 20,000 shares
Issued: 5,000 shares
Sum: Yen
250 million
Major shareholders (%): Arysta
Lifescience Corporation* (100)
*.. Agrochemical business, owned by IEIL
Ireland (Industrial Equity Investment Ltd), founded 2007, capital Yen 59,399 million,
sales Yen 12,545 million, employees 100, pres W Hewett.
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures
agrochemicals, organic/inorganic insecticides, vermicides chemicals (pests
& noxious insect control), others (--100%)
Clients: [Pharmaceutical mfrs, chemical firms,
wholesalers] Nihon Nohyaku Co, Kanematsu NNK Corp, Sumika Enviro-Science Co,
Koshii Preserving Co, Ikari Corp, other
No. of accounts:
300
Domestic areas of
activities: Nationwide
Suppliers:
[Mfrs,
wholesalers] Dow Chemical Japan, Lion Corp, Nihon Nohyaku Co, Fumakilla Total
System (FTS Inc), Mitsui Chemicals Agro Inc, other.
Goods are exported.
Payment record: No Complaints
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
MUFG (Tamachi)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/12/2013 |
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
|
Annual
Sales |
|
1,560 |
1,485 |
1,588 |
1,933 |
|
Recur.
Profit |
|
60 |
55 |
54 |
39 |
|
Net
Profit |
|
35 |
30 |
31 |
54 |
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Total
Assets |
|
|
1,031 |
1,588 |
987 |
|
Current
Assets |
|
|
1,008 |
1,019 |
975 |
|
Current
Liabs |
|
|
330 |
385 |
358 |
|
Net
Worth |
|
|
688 |
657 |
626 |
|
Capital,
Paid-Up |
|
|
250 |
250 |
250 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
5.05 |
-6.49 |
-17.85 |
-16.61 |
|
|
Current Ratio |
|
.. |
305.45 |
264.68 |
272.35 |
|
N.Worth Ratio |
.. |
66.73 |
41.37 |
63.42 |
|
|
R.Profit/Sales |
|
3.85 |
3.70 |
3.40 |
2.02 |
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N.Profit/Sales |
2.24 |
2.02 |
1.95 |
2.79 |
|
|
Return On Equity |
.. |
4.36 |
4.72 |
8.63 |
|
Note: Forecast (or estimated) for the 31/12/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.42 |
|
|
1 |
Rs.86.54 |
|
Euro |
1 |
Rs.73.86 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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 |
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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 |
|
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 |
|
<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.