|
Report Date : |
05.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
SUMITOMO CHEMICAL CO., LTD. |
|
|
|
|
Registered Office : |
Tokyo Sumitomo Twin Bldg. East Wing, 2-27-1, Shinkawa, Chuo-ku, Tokyo
104-0033 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
31.03.2014 [Consolidated] |
|
|
|
|
Date of Incorporation : |
01.06.1925 |
|
|
|
|
Com. Reg. No.: |
0100-01-071327 |
|
|
|
|
Legal Form : |
Listed |
|
|
|
|
Line of Business : |
Manufacturer of Chemicals. |
|
|
|
|
No of Employees : |
30,745 |
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 : |
Good |
|
Payment Behaviour : |
Regular |
|
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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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. Prime Minister Shinzo ABE has declared the economy his
government's top priority; he has overturned his predecessor's plan to
permanently close nuclear power plants and is pursuing an economic revitalization
agenda of fiscal stimulus, monetary easing, and structural reform. Japan joined
the Trans Pacific Partnership negotiations in 2013, a pact that would open
Japan's economy to increased foreign competition and create new export
opportunities for Japanese businesses. Measured on a purchasing power parity
(PPP) basis that adjusts for price differences, Japan in 2013 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 is exceeding 230% of GDP. To
help raise government revenue and reduce public debt, Japan decided in 2013 to
gradually increase the consumption tax to a total of 10% by the year 2015.
Japan is making progress on ending deflation due to a weaker yen and higher
energy costs, but reliance on exports to drive growth and an aging, shrinking
population pose other major long-term challenges for the economy.
|
Source
: CIA |
SUMITOMO CHEMICAL
CO., LTD.
========
Country: Japan
Company name: SUMITOMO CHEMICAL CO., LTD.
Name in local language: SUMITOMO
KAGAKU K.K.
Office address: Tokyo Sumitomo Twin Bldg.
East Wing, 2-27-1, Shinkawa,
Chuo-ku,
Tokyo 104-0033
Office tel: 03-5543-5500 (The
quoted number in the order info. is incorrect.)
Website: www.sumitomo-chem.co.jp/
Business type: Manufacturer
Industry: Chemicals
Established: June 1, 1925
Capital: Jp.
89,699,341,394 yen
Employees: 30,745
Corporate formation: Listed
Corporation No.: 0100-01-071327
(Tokyo Legal Affairs Bureau)
=====================
As of March 31, 2014:
Paid up capital Jp.
89,699,341,394yen
Number of authorized shares 5,000,000,000
shares
Number of outstanding shares 1,655,446,177
shares
Numbers of shareholders 82,318
Shareholder No. of thousand shares (%)
------------------------------------------------------------------------------------------------------
The Master Trust Bank of Japan, Ltd. 104,249
( 6.30)
Japan Trustee Services Bank, Ltd. (trust unit) 95,604 ( 5.78)
Sumitomo Life Insurance Company 71,000 ( 4.29)
Nippon Life Insurance Company 61,516 ( 3.72)
Sumitomo Mitsui Banking Corp. 38,453 ( 2.32)
Japan Trustee Services Bank, Ltd. (for SMBC) 29,000 ( 1.75)
Japan Trustee Services Bank, Ltd.(#4) 26,095 ( 1.58)
State Street Bank And Trust Co. 505225 24,643 (1.49)
Norin Chukin Bank, Ltd.
21,825 ( 1.32)
Employees shareholders fund 20,551 ( 1.24)
-------------------------------------------------------------------------------------------------------
Total 482,693
(29.16)
===========================================
Activity Product/Service
Description
-------------------------------------------------------------------------------
Manufacturing Basic chemicals
Manufacturing Petrochemicals
Manufacturing Fine chemical
Manufacturing IT related chemical
Manufacturing Agricultural chemical
Manufacturing Pharmaceutical chemical
======================
President Mr. Masakazu Tokura (*)
Nationality: Japan
Chairman Mr. Osamu Ishitobi (*)
Nationality: Japan
Vice Chairman Mr. Yoshimasa Takao (*)
Nationality: Japan
Senior Managing Director Mr.
Toshihisa Deguchi (*)
Nationality: Japan
Senior Managing Director Mr.
Tomohisa Ohno (*)
Nationality: Japan
Senior Managing Director Mr. Yoshihiko Okamoto (*)
Nationality: Japan
Senior Managing Director Mr.
Kunio Nozaki (*)
Nationality: Japan
Managing Director Mr. Ray Nishimoto (*)
Nationality: Japan
Director Mr. Kunio Ito
Nationality Japan
Auditor Mr. Takao
Akasaka
Nationality: Japan
Auditor Mr. Kenya
Nagamatsu
Nationality: Japan
Auditor Mr. Shinichi
Yokoyama
Nationality: Japan
Auditor Mr. Koichi
Ikeda
Nationality: Japan
Auditor Mr. Mitsuhiro
Aso
Nationality: Japan
Note: The names of director(s) and auditor(s) are phonetically spelt.
(*): Representative
directors
*Key Personnel*
=============
Mr. Masakazu Tokura, representative director and president since April,
2011
Born on July 10, 1950
Business career:
Apr. 1974: Employed by the
subject.
Jun. 2003: Corporate officer
===========
Currency: (local currency - Jp. yen)
-------------------------------------------------------------------------------------
Year | Sales |
Net Income
-------------------------------------------------------------------------------------
|
2009 |
1,788,223,000,000 |
loss 59,164,000,000 |
|
2010 |
1,620,915,000,000 |
14,723,000,000 |
|
2011 |
1,982,435,000,000 |
24,434,000,000 |
|
2012 |
1,947,884,000,000 |
5,587,000,000 |
|
2013 |
1,952,492,000,000 |
loss 51,076,000,000 |
|
2014 |
2,243,794,000,000 |
36,977,000,000 |
=====================
*Book Closing*
=============
March 31st
*Financials*
==========
|
Consolidated Balance Sheet |
|
|
|
|
Unit: millions of JP yen |
|
|
|
|
|
3/31/2012 |
3/31/2013 |
3/31/2014 |
|
Current Assets |
1,102,086 |
1,108,817 |
1,242,527 |
|
Cash & deposits |
68,601 |
74,932 |
82,792 |
|
Account receivables |
410,906 |
404,340 |
448,415 |
|
Securities marketable |
102,221 |
86,464 |
81,953 |
|
Inventories |
382,392 |
410,469 |
429,450 |
|
Others |
137,966 |
132,612 |
199,917 |
|
Fixed assets |
1,234,867 |
1,363,274 |
1,545,980 |
|
Tangible assets |
594,878 |
640,224 |
722,840 |
|
Intangible assets |
142,178 |
185,111 |
195,360 |
|
Investments & others |
497,811 |
537,939 |
627,780 |
|
Total Assets |
2,336,953 |
2,472,091 |
2,788,507 |
|
|
|
|
|
|
Current liabilities |
842,717 |
870,027 |
949,214 |
|
Account payables |
227,770 |
256,136 |
296,072 |
|
Short term loans |
225,226 |
191,391 |
238,007 |
|
Bonds payable due |
25,000 |
50,000 |
45,000 |
|
Commercial paper |
120,000 |
112,000 |
60,000 |
|
Allowances |
49,254 |
54,160 |
68,842 |
|
Outstanding taxes |
13,998 |
8,396 |
18,540 |
|
Others |
181,469 |
197,944 |
222,753 |
|
Fixed liabilities |
773,335 |
854,582 |
904,787 |
|
Long term loans |
310,741 |
360,176 |
379,591 |
|
Bonds |
372,000 |
347,000 |
352,000 |
|
Retirement benefits |
31,999 |
30,804 |
31,065 |
|
Others |
58,595 |
116,602 |
142,131 |
|
Shareholders' equity |
589,657 |
524,514 |
549,249 |
|
Paid up capital |
89,699 |
89,699 |
89,699 |
|
Capital reserves |
23,695 |
23,695 |
23,695 |
|
Retained earnings |
485,027 |
419,893 |
444,671 |
|
Treasury stock |
-8,764 |
-8,773 |
-8,816 |
|
Valuation & adjustment |
-103,422 |
-28,014 |
94,048 |
|
Minority Interest |
234,666 |
250,982 |
291,209 |
|
Total Net Assets |
720,901 |
747,482 |
934,506 |
|
Total Liabilities & Net
Assets |
2,336,953 |
2,472,091 |
2,788,507 |
|
|
|
|
|
|
|
|
|
|
|
Consolidated Income Statement |
|
|
|
|
Unit : millions of JP yen |
|
|
|
|
|
3/31/2012 |
3/31/2013 |
3/31/2014 |
|
Sales |
1,947,884 |
1,952,492 |
2,243,794 |
|
Cost of goods sold |
1,418,464 |
1,449,549 |
1,639,649 |
|
Gross profit(loss) |
529,420 |
502,943 |
604,145 |
|
Sales/administrative expenses |
468,732 |
457,927 |
503,303 |
|
Operating profit(loss) |
60,688 |
45,016 |
100,842 |
|
Non operating income |
18,024 |
29,866 |
34,075 |
|
Non operating expenses |
27,998 |
24,630 |
23,808 |
|
Ordinary profit(loss) |
50,714 |
50,252 |
111,109 |
|
Special profits |
11,279 |
1,538 |
9,024 |
|
Special losses |
38,047 |
39,448 |
33,933 |
|
Pretax profit |
23,946 |
12,342 |
86,200 |
|
Taxes & adjustment |
8,299 |
52,746 |
31,240 |
|
Minority interest |
10,060 |
10,672 |
17,983 |
|
Net profit |
5,587 |
-51,076 |
36,977 |
*Latest Financials*
===============
On December 2, 2014, the subject released the following business results
and forecast:
As of September 30, 2014(2Q Mar. 2015 Term)
Unit: millions of JPY
|
Year term |
Sales |
Operating profit |
Ordinary profit |
Net profit |
|
2Q 2014 |
1,050,806 |
46,332 |
44,250 |
12,452 |
|
2Q 2015 |
1,128,417 |
36,177 |
52,835 |
22,588 |
|
FY 2015(F) |
2,320,000 |
105,000 |
120,000 |
45,000 |
Balance sheet:
|
Current assets |
1,307,414 |
|
Fixed assets |
1,561,393 |
|
Total assets |
2,868,807 |
|
Current liabilities |
979,356 |
|
Fixed liabilities |
907,872 |
|
Shareholders' equity |
562,280 |
|
Retained earnings |
457,721 |
|
Total net assets |
981,579 |
|
Total liabilities & net assets |
2,868,807 |
*Transacting Banks*
================
Sumitomo Mitsui Banking Corporation, Tokyo business center
Sumitomo Trust & Banking Co., Ltd., Tokyo business center
Mizuho Bank, Ltd., Head office
Norin Chukin Bank, Head office
*Credit Opinion*
=============
The subject is one of the world's leading manufacturers of various
chemical products.
Major bases for petrochemical business are in Singapore and Saudi
Arabia(new).
While petrochemical and pesticide businesses are a bit slow, a new
antipsychotic drug, approved in U.S.A., has been boosting and supporting the
whole performance.
A weaker currency is also favorable.
A sizable investment was made to a manufacturer of insecticides.
A new investment was made in Tanzania in May.
Financial condition is sound.
Financial strength is strong enough.
No caution is to be utilized with the company.
========================================
*Products*
=========
One of the leading manufacturers of a wide range of chemical products in
the nation.
1) Basic Chemical Products
*Inorganic and organic industrial chemicals:
*Alumina products:
*Methyl methacrylate products:
*Optical Materials:
*Aluminum:
2)Petrochemical Products
*Organic chemicals:
*Plastics:
*Polymer alloys:
*Downstream plastics products:
*Synthetic rubber:
3) Fine Chemical Products
*Dyestuffs:
*Pigments:
*Organic intermediates:
*Polymer additives:
*Organic rubber chemicals:
*Polymer emulsions:
*Paper finishing resins:
*Textile finishing resins:
4) IT-related Chemical Products
*Optical materials:
*High-purity chemicals
*Super engineering plastics:
*Organo-metallic compounds:
5) Agricultural Chemical Products
*Agricultural insecticides:
*Fungicides:
*Plant growth regulators:
*Household insecticides:
*Public hygiene insecticides:
*Termite insecticides:
*Fertilizers:
*Feed additives:
*Animal health products:
For Mar. 2014:
Fundamental chemicals..............13%
Petrochemicals.............................35%
Information, electronics..............16%
Health and agriculture................15%
Medical products..........................19%
Others.............................................3%
Overseas business........................58%
===============================================
*Overseas operational headquarters*
==============================
Sumitomo Chemical Singapore Pte Ltd
150 Beach Road, #19-05 Gateway West, Singapore 189720
Tel: + 65-6291-2968
Fax: + 65-6296-3779
Sumitomo Chemical Beijing Office -
1012, Beijing Fortune Bldg., 5 Dong San Huan Bei Lu, Chaoyang District,
Beijing 100004, People's Republic of China
Tel: + 86-10-6590-8541
Fax: + 86-10-6590-8540
Sumitomo Chemical (Shanghai) Co., Ltd.
Room S2402-2430, Shanghai Stock Exchange Building, N0.528 South Pudong
Road, Shanghai 200120, People's Republic of China
Tel: + 86-21-6881-7700
Fax: + 86-21-6881-0188
Sumitomo Chemical Taiwan Co., Ltd.
13/F-4, 206, Nanking East Rd., Sec. 2,Taipei 104, Taiwan, R.O.C.
Tel: + 886-2-2506-8180
Fax: +886-2-2506-4551
Sumitomo Chemical Enviro-Agro Asia Pacific Sdn. Bhd.
Lot 62A, Persiaran Bunga Tanjung 1, Senawang Industrial Park 70400,
Seremban Negeri Sembilan Darul Khusus, Malaysia
Tel: + 60-6-679-3711
Fax: + 60-6-679-3698
Sumitomo Chemical India Private Limited
145/14th Floor, Maker Chambers VI, 220, Nariman Point Mumbai, 400 021,
India
Tel: + 91-(22)204-0730
Fax: +91-(22)204-0722
Sumitomo Chemical Australia Pty. Ltd.
501 Victoria Ave., Chatswood NSW 2067, Australia
Tel: + 61-2-9904-6499
Fax: +61-2-9904-7499
Sumitomo Chemical Wellington Office
Level 16, ASB Bank Tower, 2 Hunter Street, PO Box 2278, Wellington, New
Zealand
Tel: + 64-4-472-4512
Fax: + 64-4-473-1123
Sumitomo Chemical America, Inc.
New York Head Office
335 Madison Avenue, Suit 830, New York, NY10017, U.S.A.
Tel: + 1-212-572-8200
Fax: + 1-212-572-8234
Houston Office
10077 Grogan's Mill Road, Suite 125, The Woodlands, TX 77380, U.S.A.
Tel: + 1-281-298-7779
Fax: + 1-281-362-4103
Sumitomo Chemical Capital America, Inc.
1013 Centre Road, Wilmington, Delaware 19805, U. S. A.
Sumitomo Chemical do Brasil Representacoes Limitada
Av. Paulista No.854-11° andar-conj. 112, Edificio Top Center, Sao Paulo,
SP CEP 01311-913, Brazil
Tel: + 55-11-3174-0355
Fax: + 55-11-3174-0377
Sumitomo Chemical Belgium S.A./N.V.
Woluwelaan 57, B-1830 Machelen, Belgium
Tel: + 32-2-251-0650
Fax: + 32-2-251-2991
Sumitomo Chemical Agro Europe S.A.
2, rue Claude Chappe, 69370 Saint Didier au Mont d'Or, France
Tel: + 33-478-64-32-60
Fax: + 33-478-47-25-45
Sumitomo Chemical Deutschland GmbH
Immermannstr. 43, 40210 Duesseldorf, Germany
Tel: + 49-211-518791-0
Fax: + 49-211-518791-40 / + 49-211-94303901
Sumitomo Chemical (U.K.) plc
Horatio House, 77-85 Fulham Palace Road, London W6 8JA,U.K.
Tel: + 44-20-8600-7700
Fax: + 44-20-8600-7717
*Factories*
==========
Ehime Works and Basic Chemicals Research Laboratory
5-l, Sobiraki-cho, Niihama City, Ehime 792-8521, Japan
Chiba Works, Petrochemicals Research Laboratory, and Plastics Technical
Center
5-1, Anesaki-Kaigan, Ichihara City, Chiba 299-0195, Japan
Osaka Works, Process & Production Technology Center, Organic
Synthesis Research Laboratory, Environmental Health Science Laboratory, Fine
Chemicals Research Laboratory, and IT-related Chemicals Research Laboratory
1-98, Kasugade-naka 3-chome, Konohana-ku, Osaka 554-8558, Japan
Utajima Pilot Plant Production Dept.
1-21, Utajima 3-chome, Nishiyodogawa, Osaka 555-0021, Japan
Okayama Plant
4-1, Kojimatanokuchi 6-chome, Kurashiki City, Okayama 711-0903, Japan
Gifu Plant
3750, Jyuhachicho, Makiaza, Anpachi-cho, Anpachi-gun, Gifu 503-0125,
Japan
Ohe Works
1-1, Ohe-cho, Niihama City, Ehime 792-0015, Japan
Oita Works
2200, Tsurusaki, Oita City, Oita 870-0194, Japan
Misawa Works
Aza-Sabishirotai, Oaza-Misawa, Misawa City, Aomori 033-0022, Japan
Tsukuba Research Laboratory
6, Kitahara, Tsukuba City, Ibaraki 300-3294, Japan
Agricultural Chemicals Research Laboratory
2-1, Takatsukasa 4-chome, Takarazuka City, Hyogo 665-0051, Japan
*Local Business Offices*
===================
Head Office (Osaka)
Sumitomo Building, 5-33, Kitahama 4-chome, Chuo-ku, Osaka 541-8550,
Japan
Tel: + 81-6-6220-3891
Fax: + 81-6-6220-3345
Branch Office (Nagoya)
Kohgin Building, 11-18, Nishiki-cho 1-chome, Naka-ku, Nagoya 460-0003,
Japan
Tel: + 81-52-201-7571
Fax: + 81-52-203-4624
Branch Office (Fukuoka)
Fukuoka Building, 11-17, Tenjin 1-chome, Chuo-ku, Fukuoka 810-0001,
Japan
Tel: + 81-92-721-7611
Fax: + 81-92-721-7617
======================
*Address*
=========
The registered address is the same as the operational head office.
*Company History*
==================
Date Development
-------------------------------------------------------------------------------------------
1913 The House of Sumitomo opens a fertilizer plant at Ehime
to produce
fertilizers
from sulfur dioxide recovered from copper smelting emissions.
1925 Sumitomo Fertilizer Manufacturing Co., Ltd. is
incorporated with
operations
at what is now the Ehime Works.
1934 Sumitomo Fertilizer Manufacturing changes its name to
Sumitomo
Chemical
Co., Ltd.
1944 Sumitomo Chemical acquires Japan Dyestuff Manufacturing
Company,
starting a
fine chemical business at the Osaka Works and the Oita Works.
1949 Sumitomo Chemical takes over the aluminum business of
Sumitomo
Aluminium
Smelting Co., starting the integrated production of aluminum
from alumina.
1958 Sumitomo Chemical startes petrochemical operations at
its Ehime Works.
1978 The Misawa Works is opened to expand production of
pyrethroid household
insecticides.
1982 P.T. Indonesia Asahan Aluminium, a Japan-Indonesia
economic cooperation
project, of
which Sumitomo Chemical is a member, begins aluminum
smelting
operations.
1983 Sumitomo Chemical integrates the petrochemical
operations at its Ehime
Works into
its Chiba Works.
1984 Sumitomo Pharmaceuticals Co., Ltd. is established by
consolidating
the
pharmaceuticals operations of Sumitomo Chemical and the
pharmaceuticals
division of Inabata & Co., Ltd.
The Petrochemical Complex in Singapore, a Japan-Singapore economic
cooperation
project, in which Sumitomo Chemical is a leading participant,
begins
operations.
1997 The Petrochemical Corporation of Singapore (Pte) Ltd.,
an affiliate in
Singapore,
commences operation of a new ethylene cracker in April under its
Second
Phase expansion, bringing the total ethylene capacity to one million
tons per
year, and making it the largest petrochemical complex in East Asia
consisting
of various downstream units.
1998 New facilities in Singapore for the manufacture of
acrylic acid and its
derivatives,
including methyl methacrylate resins, under a project which
Sumitomo
Chemical was promoting with other Japanese companies, are
completed
in October.
1999 Sumitomo Chemical obtains international environmental
management
certification,
or ISO14001, for all of its manufacturing plants in Japan.
2001 Sumitomo Chemical establishes the IT-related Chemicals
Sector as a
new
business sector.
2002 Sumitomo Chemical Takeda Agro Co., Ltd., a joint
venture between
Sumitomo
Chemical and Takeda Chemical Industries, Ltd., succeeds Takeda
Chemical’s
agrochemical business and commences operation.
2003 Sumitomo Chemical subsidiary Dongwoo STI Co., Ltd.
commences operation
of a large-scale
fifth-generation TFT-LCD color filters production plant in
Korea.
Sumitomo Chemical begins operations of new caprolactam and
propylene
oxide (PO)
production facilities utilizing its proprietary novel processes.
Sep 2009 Dainippon Sumitomo Pharma, a consolidated subsidiary of the
subject,
announced
that Sepracor Inc., Mass. U.S.A. would become a consolidated
subsidiary
through T.O.B. action.
The amount
of purchase is US$ 2,300 million.
Apr 2011 Closed
"Fine Chemical Division" and integrated into the "Agri-chemical
Division,
" which was renamed as "Health & Agricultural Products
Division."
================
*Suppliers*
==========
Keiyo Ethylene Co., Ltd.
Idemitsu Kosan Co., Ltd.
Fuji Oil co., Ltd.
Maruzen Petrochemical Co., Ltd.
Marubeni Petroleum Corporation
Lintec Corporation
*Customers*
==========
Nihon Oxyrane Co., Ltd.
ST Products Co., Ltd.
Sumika Bayer Urethanes Co., Ltd.
Toyobo Industriews,Ltd.
Sumika Chemtex Co., Ltd.
Panasonic Corporation
Nippon A&L Inc.
===========================
*Subsidiaries & Affiliates*
====================
As of March 31, 2014 the subject owns and controls a total of 269
subsidiaries and affiliates at home and abroad. Some of them are as follows:
Valent U.S.A. Corp.
Major Business Field : Plant
protection chemicals
Share : 100%
Telephone : +1-(925)256-2700
Facsimile : +1-(925)256-2776
Petrochemical Corporation of Singapore (Pte) Ltd.
Major Business Fields : Ethylene
and propylene
Share : 50%
Telephone : +65-6291-0911
Facsimile : +65-6291-7661
Valent Biosciences Corp.
Major Business Field : Plant
protection chemicals
Share : 100%
Telephone : +1-(847)968-4700
Facsimile : +1-(847)968-4802
New STI Technology Inc.
Major Business Field : Color
filters for LCDs
Share : 92.3%
Telephone : +81-(3)5543-5861
Facsimile : +81-(3)5543-5937
Sumitomo Pharmaceuticals Co., Ltd.
Major Business Field :
Pharmaceuticals
Share : 77.8%
Telephone : +81-(6)6229-5711
Facsimile : +81-(6)6233-2288
Sumitomo Chemical Takeda Agro Co., Ltd.
Major Business Fields : Agrochemicals and agricultural materials
Share : 60%
Telephone : +81-(3)3278-2816
Facsimile : +81-(3)3278-2750
Sumitomo Chemical Singapore Pte. Ltd.
Major Business Fields : Crude acrylic
acid, acrylic ester, glacial
acrylic acid, super-absorbent polymer, MMA monomer, MMA polymer,
household
insecticides, dyestuffs and other products.
Share : 100%
Telephone : +65-6291-2968
Facsimile : +65-6296-3779
Nihon Oxirane Co., Ltd.
Major Business Fields : Propylene
oxide and styrene monomer
Share : 60%
Telephone : +81-(3)3272-0401
Facsimile : +81-(3)3271-6050
The Polyolefin Company (Singapore) Pte Ltd.
Major Business Field :
Polyethylene and polypropylene
Share : 70%
Telephone : +65-6292-9622
Facsimile : +65-6293-8890
Dongwoo Fine-Chem Co., Ltd.
Major Business Field : Fine
chemicals
Share : 90.9%
Telephone : +82-(2)6250-1100
Facsimile : +82-(2)6250-1198
Sumika Fine Chemicals Co., Ltd.
Major Business Fields :
Pharmaceutical intermediates, agricultural
chemicals, photo chemicals, and imaging chemicals
Share : 100%
Telephone : +81-(6)6473-0331
Facsimile : +81-(6)6474-2468
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.88 |
|
|
1 |
Rs.97.02 |
|
Euro |
1 |
Rs.76.13 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TPT |
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.