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Report Date : |
18.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
UNION KASEI KK |
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|
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Registered Office : |
Ningyocho Amflat Bldg 4F, 2-35-12 Nihombashi-Ningyocho Chuoku |
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Country : |
Tokyo |
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Financials (as on) : |
30.06.2012 |
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Date of Incorporation : |
Feb 1972 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, export, wholesale of industrial chemicals, fertilizers. |
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No. of Employees : |
09 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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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 |
|
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
UNION KASEI CO LTD
REGD NAME: Union Kasei KK
MAIN OFFICE: Ningyocho Amflat Bldg 4F, 2-35-12 Nihombashi-Ningyocho Chuoku Tokyo
103-0013 JAPAN
Tel: 03-5652-1581
Fax: 03-3664-0020
URL: http://www.unionkasei.co.jp
E-Mail address: (thru the URL)
Import, export, wholesale of industrial chemicals, fertilizers, other
Minatoku
KAZUHITO HIRAIWA, PRES
Satoshi Matsumoto, rep dir
Hisako Matsumoto, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 1,030 M
PAYMENTS SLOW BUT CORRECT CAPITAL Yen 12 M
TREND SLOW WORTH Yen 630 M
STARTED 1972 EMPLOYES 9
TRADING FIRM SPECIALIZING IN INDUSTRIAL CHEMICALS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established by Kazuo Matsumoto in order to make most of his experience in the subject line of business. This is a trading firm specializing in import, export and wholesale of industrial chemicals, fertilizers, other. Clients include chemical mfrs, agricultural coops, other.
The sales volume for Jun/2012 fiscal term amounted to Yen 1,030 million, a 10% down, as adjusted on a 12-month basis, from Yen 58 million for 6 months in the previous term. The operations plunged into the red to post Yen 1 million recurring loss and Yen 1 million net losses, respectively, compared with Yen 10 million recurring profit and Yen 9 million net profit, respectively, a year ago.
For the term ended Jun 2013 the recurring profit was projected at Yen 30 million and the net profit at Yen 15 million, respectively, on a 5% rise in turnover, to Yen 1,080 million. Final results are yet to be released.
The financial situation is considered FAIR and good for ORDINARY business engagements.
Date Registered: Feb 1972
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 96,000 shares
Issued: 24,000 shares
Sum: Yen 12 million
Major shareholders (%): Kazuo Matsumoto (53), Kazuto Hiraiwa (29)
No. of shareholders: 7
Nothing detrimental is known as to the commercial morality of executives.
Activities: Imports, exports and wholesales industrial chemicals/ fertilizers: UNISIL products, jumbo bags, paper bags, industrial jumbo bags, silica fume, silica flour, silica gel, other (--100%)
Clients: [Mfrs, wholesalers] Hokuren Agricultural Association, Mitsubishi Chemical, LIXIL, Jcam Agri Co, Japan Soft Land Inc, other
No. of accounts: 300
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Mitsui Metal Ind, Taiheiyo Cement, Taiheiyo Material, Kuraray Trading, other.
Payment record: Slow but correct
Location: Business area in Chuoku, Tokyo. Office premises at the caption address are leased and maintained satisfactorily.
Bank References: MUFG (Aoyamadori)
Mizuho Bank (Gaienmae)
Relations: Satisfactory
(In Million Yen)
|
Terms Ending: |
30/06/2013 |
30/06/2012 |
30/06/2011 |
|
|
Annual
Sales |
|
1,080 |
1,030 |
58 |
|
Recur.
Profit |
|
30 |
-1 |
10 |
|
Net
Profit |
|
15 |
-1 |
9 |
|
Total
Assets |
|
|
719 |
742 |
|
Current
Assets |
|
|
638 |
661 |
|
Current
Liabs |
|
|
76 |
110 |
|
Net
Worth |
|
|
630 |
631 |
|
Capital,
Paid-Up |
|
|
12 |
12 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
|
<Analytical
Data> |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
4.85 |
-10.43 |
-95.25 |
|
|
Current Ratio |
|
.. |
839.47 |
600.91 |
|
N.Worth Ratio |
.. |
87.62 |
85.04 |
|
|
R.Profit/Sales |
|
2.78 |
-0.10 |
17.24 |
|
N.Profit/Sales |
1.39 |
-0.10 |
15.52 |
|
|
Return On Equity |
.. |
-0.16 |
1.43 |
|
Notes: Forecast (or estimated) figures for the 30/06/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.38 |
|
|
1 |
Rs.100.86 |
|
Euro |
1 |
Rs.84.60 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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.