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Report Date : |
15.01.2014 |
IDENTIFICATION DETAILS
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Name : |
KATERA CO LTD |
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Registered Office : |
Hiranomachi Yasui Bldg
10F, 1-8-8 Hiranomachi Chuoku Osaka 541-0046
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Country : |
Japan |
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Financials (as on) : |
31.01.2013 |
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Date of Incorporation : |
March
1978 |
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Com. Reg. No.: |
1200-01-034637
(Osaka-Chuoku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Exporter of industrial chemicals, food additives,
packing materials, sanitizing equipment, water purifying filers, marine
product processing machines; imports food additives, salt & scale for marine
use & ship instruments. |
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No. of Employees : |
06 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
Japan |
A1 |
A1 |
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Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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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 |
KATERA CO LTD
Katera
KK
Hiranomachi Yasui Bldg
10F, 1-8-8 Hiranomachi Chuoku Osaka 541-0046 JAPAN
Tel:
06-4707-6681 Fax: 06-4707-6682
URL: http://www.katera.co.jp/
E-mail address: info@katera.co.jp
Export,
import, wholesale of industrial chemicals, food additives, packing materials
Nil
TAKAYUKI
IMAMURA, PRES
Hiromichi
Imamura, dir
Hitomi
Katoh, dir
Yen
Amount: In million Yen, otherwise
stated.
FINANCES FAIR A/SALES Yen 1,171 M
PAYAMENTS No
Complaints CAPITAL Yen
10 M
TREND SLOW WORTH Yen 250 M
STARTED
1978 EMPLOYS 6
TRADING FIRM SPECIALIZING IN INDUSTRIAL
CHEMICALS AND FOOD ADDITIVES.
FINANCIAL
SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established by
Hiromichi Imamura in order to make most of his experience in foreign trading,
as Shimakyu Lux Co Ltd, and renamed as captioned in Jul 1997. H Imamura remains as the major
shareholders. Takayuki is his son, who
took the pres office in Mar 2004. This
is a trading firm specializing in export centrally and import of industrial
chemicals, food additives, packaging materials, etc. Goods are exported to Taiwan, Korea, China,
India, Australia, UK, Portugal, USA, Canada, etc, to about 45 customers. Imports consist mainly of food additives,
salt & scale for marine use.
Domestic clients include major marine processors.
The sales volume for Jan/2013 fiscal
term amounted to Yen 1,171 million, a 4% down from Yen 1,219 million in the
previous term. Exports were hurt by the
high Yen, reducing revenues in Yen terms.
The recurring profit was posted at Yen 1 million and the net profit at
Yen 2 million, respectively, similarly in the previous term.
For the current term ending Jan 2014
the recurring profit is projected at Yen 5 million and the net profit at Yen 5
million, respectively, on a 3% rise in turnover, to Yen 1,200 million.
The financial situation is considered
FAIR and good for ORDINARY business engagements.
Date Registered: Mar 1978
Regd No.:
1200-01-034637 (Osaka-Chuoku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 80,000 shares
Issued:
20,000 shares
Sum: Yen 10 million
Major shareholders (%): Hiromichi Imamura
(24.1), Hitomi Kato (23.5),Takayuki Imamura (20.5), Atsuko Senda (10.1)
No. of shareholders: 11
Nothing
detrimental is known as to the commercial morality of executives.
Activities:
Exports industrial chemicals, food additives, packing materials, sanitizing
equipment, water purifying filers, marine product processing machines; imports
food additives (-- 90%), salt & scale for marine use, ship instruments(10%).
Clients: [Mfrs,
wholesalers] Exports to Redox Chemicals, Manali Chemicals, Daisung Chemicals,
Dunlop Slazengerinc, Orica Australia, Sahasithi Import & Export, Sheng
Lynyuan International Trading, Redox Pty Ltd, other.
Domestic clients: Maruha Corp,
Takeshoku Co, Royal Greenland Japan, Mitsubishi Corporation, other.
Exports to about 45 customers in Korea,
Taiwan, China, Philippines, Thailand, Malaysia, Singapore, Indonesia, Myanmar,
Vietnam, India, Australia, UK, Netherlands, Portugal, USA, Canada, Panama, etc.
No. of account: 100 (Domestic only)
Domestic areas of activities:
Nationwide
Suppliers: [Mfrs,
wholesalers] Mitsubishi Gas Chemical, Toray Fine Chemical, Kyowa Hakko, Nissan
Chemical Ind, Nissan Chemical Ind, Fuso Chemical, Zeon Corp, Ube Industries,
Taisho Technos, Nippon Bacterial Test Co, Kosakai Chemical Ind, Daicel Chemical
Ind, Nippon Bacterial Test Co, Toho Chemical Ind, Mori Shigyo Co, Nippon
Nyukazai Co, other.
Imports from Iceland, Germany, China,
other.
Payment record: No Complaints
Location: Business area in Osaka. Office premises at the caption address are
leased and maintained satisfactorily.
Bank Reference:
MUFG
(Kawaramachi)
SMBC
(Osaka-Chuo)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/01/2014 |
31/01/2013 |
31/01/2012 |
31/01/2011 |
|
|
Annual
Sales |
|
1,200 |
1,171 |
1,219 |
1,336 |
|
Recur.
Profit |
|
5 |
1 |
1 |
6 |
|
Net
Profit |
|
5 |
2 |
2 |
6 |
|
Total
Assets |
|
|
304 |
356 |
328 |
|
Current
Assets |
|
|
300 |
352 |
324 |
|
Current
Liabs |
|
|
54 |
107 |
64 |
|
Net
Worth |
|
|
250 |
248 |
246 |
|
Capital,
Paid-Up |
|
|
10 |
10 |
10 |
|
Div.P.Share(¥) |
|
|
2.75 |
2.75 |
2.75 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
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S.Growth Rate |
2.48 |
-3.94 |
-8.76 |
7.83 |
|
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Current Ratio |
|
.. |
555.56 |
328.97 |
506.25 |
|
N.Worth Ratio |
.. |
82.24 |
69.66 |
75.00 |
|
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R.Profit/Sales |
|
0.42 |
0.09 |
0.08 |
0.45 |
|
N.Profit/Sales |
0.42 |
0.17 |
0.16 |
0.45 |
|
|
Return On Equity |
.. |
0.80 |
0.81 |
2.44 |
|
Notes:
Resulted figures for the 31/01/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.59 |
|
UK Pound |
1 |
Rs.101.09 |
|
Euro |
1 |
Rs.83.99 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
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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 |
|
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 |
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<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.