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Report Date : |
05.04.2014 |
IDENTIFICATION DETAILS
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Name : |
SANYO COLOR WORKS LTD |
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Registered Office : |
81 Nobusue Himeji City Hyogo-Pref 670-0966 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2013 |
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Date of Incorporation : |
January 1937 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Manufacturing of pigments |
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No. of Employees : |
340 |
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 |
COMPANY NAME AND
ADDRESS
SANYO COLOR WORKS LTD
REGD NAME: Sanyo
Shikiso KK
MAIN OFFICE: 81
nobusue Himeji City Hyogo-Pref 670-0966 JAPAN
Tel:
079-292-3366 Fax: 079-292-3370
URL: http://www.sanyocolor.jp
E-Mail address: (thru the URL)
ACTIVITIES
Mfg of pigments
BRANCHES
Tokyo
OVERSEAS
China
FACTORIES
At the caption
address, Shizuoka
OFFICERS
SHUNJIRO SAIKI,
PRES Shinsaburo Saiki, mgn dir
Hiroshi Yasuhara,
mgn dir Kenshiro Saiki, dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 16,438 M
PAYMENTSNO
COMPLAINTS CAPITAL Yen 182 M
TREND UP WORTH Yen 7,444 M
STARTED 1937 EMPLOYES 340
COMMENT
MFR OF PIGMENTS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
HIGHLIGHTS
The subject company was established originally in 1991 for making
pigments, and was incorporated in 1937.
This is a specialized mfr of pigments: organic pigments, processed
pigments, functional pigments, other (See OPERATION). Goods are exported. Clients include ink makers, chemical firms,
paints makers, other.
FINANCIAL
INFORMATION
The sales volume for Mar/2013 fiscal term amounted to Yen 16,438
million, a 24% up from Yen 13,208 million in the previous term. Sales network expanded into color filters for
liquid crystal EV’s, ink jet printers, other.
The recurring profit was posted at Yen 2,577 million and the net profit
at Yen 1,491 million, respectively, compared with Yen 1,578 million recurring
profit and Yen 905 million net profit, respectively, a year ago.
For the current term ending Mar 2014 the recurring profit is projected
at Yen 2,700 million and the net profit at Yen 1,600 million, respectively, on
a 6% rise in turnover, to Yen 17,500 million.
Business is seen expanding steadily.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
REGISTRATION
Date
Registered: Jan 1937
Legal
Status: Limited Company (Kabushiki Kaisha)
Authorized:
14.5 million shares
Issued:
3.64 million shares
Sum:
Yen 182 million
Major
shareholders (%): Shunjiro Saiki (9), Shinsaburo Saiki (7), other
No. of shareholders: 99
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Manufactures
pigments, intermediates, other (--100%)
(Mfg
Products):
Organic
pigments: azoic, phthalocyanine, dioxazine pigments;
Water-based processed pigments: sandye
series, emacol series;
Non
water based processed pigments: colortex series, pigmotex series, UT color, SF
color:
Functional
pigments: various metal substrate phthalocyanines, naphthalocyanine, other
Clients: [Mfrs,
wholesalers] Nagase & Co, Morishita Sangyo, DIC, Sakata Inx, Sumitomo Shoji
Chemical, Kansai Paint, Toyo Ink, other
No. of accounts:
500
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Toyo Ink, DIC, Morishita Sangyo, Mitsuboshi Chemical, Nagase &
Co, Ueno Pharmaceutical, other
Payment record: No complaints
Location: Business area in
Himeji. Office premises at the caption
address are owned and maintained satisfactorily.
Bank References:
SMBC (Himeji)
Shoko Chukin Bank
(Himeji)
Relations:
^Satisfactory
FINANCES
(In Million
Yen)
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Terms Ending: |
31/03/2014 |
31/03/2013 |
31/03/2012 |
31/03/2011 |
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Annual
Sales |
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17,500 |
16,438 |
13,208 |
13,947 |
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Recur.
Profit |
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2,700 |
2,577 |
1,598 |
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Net
Profit |
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1,600 |
1,491 |
905 |
998 |
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Total
Assets |
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11,615 |
10,097 |
10,278 |
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Current
Assets |
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7,569 |
6,122 |
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Current
Liabs |
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3,604 |
3,087 |
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Net
Worth |
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7,444 |
5,923 |
4,993 |
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Capital,
Paid-Up |
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182 |
182 |
182 |
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Div.Ttl
in Million Yen |
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9.1 |
9.1 |
9.1 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
6.46 |
24.45 |
-5.30 |
19.28 |
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Current Ratio |
.. |
210.02 |
198.32 |
.. |
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N.Worth Ratio |
.. |
64.09 |
58.66 |
48.58 |
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R.Profit/Sales |
15.43 |
15.68 |
12.10 |
.. |
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N.Profit/Sales |
9.14 |
9.07 |
6.85 |
7.16 |
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Return On Equity |
.. |
20.03 |
15.28 |
19.99 |
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Notes: Forecast
(or estimated) figures for the 31/03/2014 fiscal term.
RATING EXPLANATIONS
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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.