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Report Date : |
19.12.2014 |
IDENTIFICATION DETAILS
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Name : |
HUNTSMAN JAPAN CO., LTD. |
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Registered Office : |
Kobe Kokusai Business Center South Wing 6F., 5-5-2, Minatojima-minamicho, Chuo-ku, Kobe-shi, Hyogo pref. 650-0047 |
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Country : |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
06.10.1986 |
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Com. Reg. No.: |
1400-01-021824 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trader of Synthetic resins, Dyestuff and related chemicals |
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No of Employees : |
60 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
COMPANY NAME
HUNTSMAN JAPAN
CO., LTD.
OUTLINE
Country:
Company name: HUNTSMAN JAPAN CO., LTD.
Name in local language: HUNTSMAN
JAPAN K.K. (ハンツマン・ジャパン株式会社)
Office address:
Minatojima-minamicho,
Chuo-ku, Kobe-shi, Hyogo pref. 650-0047
Office tel: 078-304-3900
Website: www.huntsman.com (for the
parent company)
Business type: Trader
Industry: Synthetic
resins and dyestuff etc.
Established: October 6, 1986
Capital: Jp.
300,000,000 yen
Employees: 60
Corporate formation: Private
Corporation No.: 1400-01-021824
(Kobe Legal Affairs Bureau)
MAJOR SHAREHOLDERS
Paid in capital : Jp.
300,000,000 yen
Number of authorized shares : 12,800
shares
Shares issued : 7,800
shares
Number of shareholder : 1
Huntsman Corporation (a NYSE-listed) holds 100 percent.
DETAILED PRODUCT
CLASSFICATION & ACTIVITY
Activity Product/Service Description
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Trading Synthetic resins
Trading Dyestuff and related chemicals
COMPANY MANAGEMENT
President Mr. Masato Sakuma
Nationality: Japan
Director Mr. Kenny Pung
Nationality: n. a.
Director
Mr. Justin Philippson
Nationality: n.
a.
Director Mr. Harald Viedeman
Nationality: n. a.
Auditor Mr. Ray Goh Shaw
Nationality: n. a.
Note: The names of director(s) and auditor(s) are phonetically spelt.
*Key Personnel*
==============
Mr. Masato Sakuma
President and representative director
Business career:
Nov. 1, 2011:
Appointed as the representative director and president of the subject.
Mar. 31, 2014:
Resigned.
May 26, 2014: Assumed
the office again.
Home address: 2-17-12, Harigaya, Urawa-ku, Saitama pref. 330-0075
FINANCIALS
Currency: (local currency - Jp. yen)
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Year |
Sales | Net Income
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2005 |
5,700,000,000 |
n. a. |
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2006 |
6,500,000,000 |
n. a. |
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2007 |
8,000,000,000 |
n. a. |
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2008 |
n. a. |
n. a. |
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2009 |
n. a. |
n. a. |
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2010 |
n. a. |
n. a. |
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2011 |
n. a. |
n. a. |
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2012 |
n. a. |
13,000,000 |
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2013 |
n. a. |
n. a. |
FINANCIAL DESCRIPTION
*Book Closing*
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December 31st
*Financials*
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As a private limited company, no official financial statement is
required to be disclosed publicly.
The available financial statement is B/S for Dec. 2012 term only.
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Balance Sheet |
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Unit: millions of JP yen |
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12/31/2012 |
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Current assets |
1,865 |
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Fixed assets |
129 |
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Tangible assets |
29 |
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Intangible assets |
3 |
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Investments & others |
96 |
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Total Assets |
1,994 |
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Current liabilities |
1,395 |
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Fixed liabilities |
138 |
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Shareholders' equity |
461 |
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Paid up capital |
390 |
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Retained earnings |
71 |
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Total Liabilities & Net
Assets |
1,994 |
*Bank Details*
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Bank Name : HSBC(Hong Kong Shanghai
Banking Corp.)
Branch : Tokyo
Bank Name : Bank of
Tokyo-Mitsubishi UFJ, Ltd.
Branch : Kobe
Bank Name : Sumitomo Mitsui
Banking Corp.
Branch : Kobe business
banking department
*Credit Opinion*
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The subject is a subsidiary, wholly owned by Huntsman Corporation in The
United States.
In its website the parent introduces itself as follows:
Quote:
Huntsman is a global manufacturer and marketer of differentiated
chemicals. Our operating companies manufacture
products for a variety of global industries, including chemicals, plastics,
automotive, aviation, textiles, footwear, paints and coatings, construction,
technology, agriculture, health care, detergent, personal care, furniture,
appliances and packaging.
Originally known for pioneering innovations in packaging and, later, for
rapid and integrated growth in petrochemicals, Huntsman has approximately
12,000 employees and operates from multiple locations worldwide. The Company had 2013 revenues of over $11
billion.
Message from the Founder and Chairman
More than four decades ago, in 1970, we founded Huntsman Container
Corporation. We had no idea then that
our fledgling packaging business would evolve into what has become one of the
world's largest chemical companies.
Through a series of strategic acquisitions, joint ventures and carefully
planned internal expansions, our operating companies today produce 33 billion
pounds of products for a variety of global businesses, including chemicals, plastics,
automotive, aviation, footwear, paints and coatings, construction, technology,
agriculture, health care, textiles, detergent, personal care, furniture,
appliances and packaging.
Our success is due, in large measure, to the thousands of associates who
work in our facilities around the world to manufacture the chemical industry's
highest quality products.
We have been most fortunate to build a company of this magnitude, and it
is our duty and privilege to give back to society. Through our humanitarian initiatives, we have
helped to provide food and housing to the hungry and homeless around the world;
we have funded education for those who otherwise would not have been able to
attend school.
Most importantly, our dream of establishing a world class cancer
research and treatment center has been realized. The Huntsman Cancer Institute and Hospitals
represents our purpose in life, and our ultimate goal will have been achieved
when the most challenging forms of cancer have been eradicated. Our family will continue to serve as the
principal benefactors and fundraisers for the Huntsman Cancer Institute in the
quest to prevent, diagnose, treat and cure cancer.
Jon M. Huntsman
Unquote:
Customers are all excellent and reliable, but a weaker currency could be
against the business of the subject.
It would be advisable to research the latest status of the parent.
The Financial Report might mention something about the subject.
PRODUCT, TECHNOLOGY,
SERVICE DESCRIPTION
*Main Products
& Services*
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Wholesale of synthetic resins, dyestuff and related chemicals
90 percent of the products is supplied by Huntsman Corporation and its
group companies.
ORGANIZATION
STRUCTURE
*Address*
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Registered address is the same as the operational address.
*Company History*
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Date Development
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October 6, 1986 Incorporated under the name of “Huntsman Advanced
Materials Co., Ltd.”
November 20, 2001 Relocated to the current address
from the following:
10-66, Miyuki-cho,
Takarazuka-shi, Hyogo pref.
January 1, 2004 Took the current company name.
June 17, 2013 Decreased
the capital to JPY 300 from JPY 390 million.
TRADE REFERENCES
*Suppliers*
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Huntsman Corporation and its group companies (90%)
Shoei Chemical Co., Ltd.
Big Technos Co., Ltd.
Fuji Chemical Co., Ltd.
*Customers*
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Nagase & Co., Ltd.
Mitsubishi Electric Corp.
Toshiba Corp.
Mitsui & Co., Ltd.
Mitsui Chemicals Fine, Inc.
Aikawa Industries Co., Ltd.
Ishizaka Shoji Co., Ltd.
Nikkyo Sangyo Co., Ltd.
Koyo Shoko Co., Ltd.
Nippon Freeman K.K.
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
DPT |
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 |
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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.