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Report Date : |
26.07.2014 |
IDENTIFICATION DETAILS
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Name : |
B R CHEMICALS CO LTD |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.03.2013 |
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Date of Incorporation : |
April 2011 |
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Com. Reg. No.: |
1200-01-153154 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale of chemicals products |
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No. of Employees |
02 |
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 |
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Status : |
Moderate |
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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 31, 2014
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Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
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Japan |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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
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Source
: CIA |
B R CHEMICALS CO LTD
REGD NAME: B.
R. Chemicals KK
MAIN OFFICE:
Tel:
06-6862-7009
Fax: 06-6862-7009
URL: N/A
Import, wholesale
of chemicals products
Tokyo
India
HITOSHI MATSUI,
PRES
Yen Amount: In million Yen, unless otherwise stated
FINANCES R/WEAK A/SALES Yen 520 M
PAYMENTSSLOW BUT
CORRECT CAPITAL Yen 3 M
TREND UP WORTH Yen 11 M
STARTED 2011 EMPLOYES 2
TRADING FIRM SPECIALIZING IN CHEMICALS
PRODUCTS.
FINANCIAL SITUATION CONSIDERED RATHER WEAK
BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
The subject company was established by Black Rose Industries Ltd, India,
as its marketing office in Japan. This
is a trading firm for import, export and wholesale of chemicals, chemical
products, other. Suppliers include major
chemical makers.
Financials are disclosed only partially.
The sales volume for Mar/2013 fiscal term amounted to Yen 520 million, a
154% up from Yen 204 million in the previous initial term. Clientele networks expanded for the second
year. Also exports rose. The net profit was posted at Yen 5 million,
compared with Yen 3 million a year ago.
For the term that ended Maar 2014 the net profit was projected at Yen 10
million, on a 6% rise in turnover, to Yen 550 million. Weaker Yen may have raised earnings in Yen
terms. Final results are yet to be
released.
The financial situation is considered RATHER WEAK but should be good for
MODERATE business engagements
Date Registered: Apr
2011
Regd No.:
1200-01-153154 (Osaka-Chuoku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 60 shares
Issued: 60 shares
Sum: Yen 3 million
Major
shareholders (%): Black Rose Industries Ltd, India (100)
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports, exports
and wholesales chemicals, chemical products, other (--100)
Clients: [Mfrs, wholesalers]
Black Rose Industries (India), Sumitomo Chemical Co, East West Corp, other
No. of accounts:
300
Domestic areas of
activities: Centered in the greater-Osaka
Suppliers: [Mfrs,
wholesalers] Sumitomo Chemical Co (80%), Mitsui Chemicals Inc (20%)
Payment record: Slow but correct
Location: Business area in
Osaka. Office premises at the caption
address are leased and maintained satisfactory.
Bank References:
SMBC (Osaka-Chuo)
State Bank of
India (Osaka)
Relations:
Satisfactory
(In Million
Yen)
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Terms Ending: |
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31/03/2014 |
31/03/2013 |
31/03/2012 |
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Annual
Sales |
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550 |
520 |
204 |
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Recur.
Profit |
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.. |
.. |
.. |
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Net
Profit |
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10 |
5 |
3 |
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Total
Assets |
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N/A |
N/A |
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Net
Worth |
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11 |
6 |
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Capital,
Paid-Up |
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3 |
3 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
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S.Growth Rate |
5.77 |
154.90 |
- - - |
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Current Ratio |
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.. |
.. |
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N.Worth Ratio |
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.. |
.. |
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N.Profit/Sales |
1.82 |
0.96 |
1.47 |
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Notes: Financials are only partially disclosed. The 31/03/2013 fiscal term is the initial
accounting term from the inception of the firm.
Forecast (or
estimated) figures for the 31/03/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.60.14 |
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1 |
Rs.102.22 |
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Euro |
1 |
Rs.81.02 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
NIS |
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.