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Report Date : |
02.06.2014 |
IDENTIFICATION DETAILS
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Name : |
AZZURO CORPORATION LTD |
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Registered Office : |
Kojimachi Ichihara Bldg 7F, 1-1-8Hirakawacho Chiyodaku Tokyo 102-0093 |
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Country : |
Japan |
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Financials (as on) : |
31.08.2013 |
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Date of Incorporation : |
September, 1992 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, export of industrial chemicals, agro chemicals,
pharmaceuticals |
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No. of Employees |
17 |
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 : |
Satisfactory |
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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 – March 31st, 2014
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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 |
AZZURO CORPORATION
LTD
|
REGD NAME |
Azzuro KK |
|
MAIN OFFICE |
Kojimachi Ichihara Bldg 7F, 1-1-8Hirakawacho Chiyodaku Tokyo 102-0093
JAPAN Tel: 03-3221-7710 Fax:
03-3221-7720 |
|
URL |
|
|
E-Mail address |
(thru the URL) |
Import, export of industrial chemicals, agro chemicals, pharmaceuticals
Setagaya (Tokyo)
India (2), Italy, Estonia, France, North Europe, Belgium, other
(--partners)
TAKASHI YOKOUCHI, PRES
Naoko Yokouchi, dir
Kazuki Yokouchi, dir
Yen Amount: In million Yen,
unless otherwise stated
|
FINANCES |
FAIR |
A/SALES |
Yen 1,650 M |
|
PAYMENTS |
NO COMPLAINTS |
CAPITAL |
Yen 20 M |
|
TREND |
UP |
WORTH |
Yen 528 M |
|
STARTED |
1992 |
EMPLOYES |
17 |
TRADING FIRM SPECIALIZING IN INDUSTRIAL CHEMICALS, OTHER.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
The subject company was established by Takashi Yokouchi in order to make
most of his experience in the subject line of business. This is a trading firm for import, export and
wholesale of industrial chemicals (synthetic resin materials, dyestuffs,
pigments, other), agro chemicals,
Pharmaceutical materials, other.
Clients include chemical mfrs, other.
Financials are disclosed only partially.
The sales volume for Aug/2013 fiscal term amounted to Yen 1,650 million,
a 10% up from Yen 1,500 million in the previous term. Exports of pharmaceutical materials increased
and sales rose. The net profit was
posted at Yen 20 million, compared with Yen 45 million a year ago
For the current term ending Aug 2014 the net profit is projected at Yen
35 million, on a 6% rise in turnover, to Yen 1,750 million. Sales of pharmaceutical materials continue
rising.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
|
Date Registered: |
Sept 1992 |
|
Legal Status: |
Limited Company (Kabushiki Kaisha) |
|
Authorized: |
1,600 shares |
|
Issued: |
400 shares |
|
Sum: |
Yen 20 million |
|
Major
shareholders (%): |
Takashi Yokouchi (85), and families (--15) |
|
No. of
shareholders: |
3 |
Nothing detrimental is known as to the commercial morality of
executives.
Activities: Imports, exports
and wholesales chemicals: chemicals intermediates & products (40%), agro
chemicals (25%), medical & pharmaceutical materials & intermediates
(25%), food additives, others (15%)
Clients: [Mfrs,
wholesalers] Konishi Chemical Ind, DIC Corp, Takeda Chemical Ind, Mitsubishi
Chemical, Seika Corp, Sumitomo Chemical, Nippon Chemical Ind, Nissan Chemical
Ind, Ajinomoto Pharmaceuticals, other
No. of accounts: 500
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Montedison Group, Teijin Ltd, other
Payment
record: No Complaints
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank
References:
Mizuho Bank (Setagaya)
MUFG (Yotsuya-Sanchome)
Relations: Satisfactory
(In Million Yen)
|
Terms Ending: |
|
31/08/2014 |
31/08/2013 |
31/08/2012 |
31/08/2011 |
|
Annual Sales |
|
1,750 |
1,650 |
1,500 |
1,900 |
|
Recur. Profit |
|
.. |
.. |
.. |
.. |
|
Net Profit |
|
35 |
20 |
45 |
70 |
|
Total Assets |
|
|
N/A |
N/A |
N/A |
|
Net Worth |
|
|
528 |
500 |
455 |
|
Capital, Paid-Up |
|
|
20 |
20 |
20 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
6.06 |
10.00 |
-21.05 |
5.56 |
|
|
Current Ratio |
.. |
.. |
.. |
||
|
N.Worth Ratio |
.. |
.. |
.. |
||
|
N.Profit/Sales |
2.00 |
1.21 |
3.00 |
3.68 |
|
Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 31/08/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.03 |
|
UK Pound |
1 |
Rs.98.91 |
|
Euro |
1 |
Rs.80.34 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SDA |
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.