|
Report Date : |
19.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
BP JAPAN KK |
|
|
|
|
Registered Office : |
Roppongi Hills Mori Tower 15F, 6-10-1 Roppongi Minatoku Tokyo 106-0032 |
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|
|
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Country : |
Japan |
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Financials (as on) : |
31.12.2014 (Estimated) |
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Date of Incorporation : |
October 1997 |
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|
|
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Com. Reg. No.: |
0104-01-052593
(Tokyo-Minatoku) |
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Legal Form : |
Limited Company |
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Line of Business : |
importer, exporter
and wholesaler of Crude Oil,
LNG, Marine Lubricant, Grease & Other Petroleum Products |
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|
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|
No of Employees : |
80 |
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Japan
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
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.
|
Source : CIA |
BP JAPAN KK
B P Japan KK
Roppongi Hills Mori Tower 15F, 6-10-1 Roppongi Minatoku Tokyo 106-0032,
JAPAN
Tel:
03-3796-6404
URL: http://www.bp.com
E-Mail address: info.japan@bp.com
importer, exporter and wholesaler of Crude Oil, LNG, Marine
Lubricant, Grease & Other Petroleum Products
Osaka,
Nagoya, Sendai, Hiroshima, Fukuoka
UK
(the parent BP UK
CHARLES
POSSLES, PRES (only phonetically spelled)
Kuniaki
Tomatsu, v pres
Yasuko
Nagahama, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 199,700 M
PAYMENTS No
Complaints CAPITAL Yen 1 M
TREND UP WORTH Yen 4,282 M
STARTED 1997 EMPLOYES 80
TRADING FIRM SPECIALIZING IN PETROLEUMS, OWNED BY BP UK.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established by BP UK as its
marketing office in Japan. This is a trading
firm for import, export and wholesale of crude oil, LNG, marine lubricants,
grease, other, of the parent manufactured products. Clients include oil refineries, wholesalers,
others.
The sales volume for Dec/2013 fiscal term is estimated amounted to Yen
199,700 million, a 5% up from Yen 190,228 million in the previous term. (The sales volumes for the term is not
precisely disclosed, except the profits, and these figures are estimated from
the profits disclosed). The net profit was posted at Yen 784 million, compared
with Yen 577 million a year ago.
For the current term ending Dec 2014 the net profit is projected at Yen
900 million, on a 5% rise in turnover, to Yen 210,000 million.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
Date Registered: Oct 1997
Regd No.: 0104-01-052593 (Tokyo-Minatoku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
800 shares
Issued: 200 shares
Sum: Yen 10 million
Major shareholders (%): Castrol LLC (UK) (100)
Nothing
detrimental is known as to the commercial morality of executives.
Activities: A trading firm
for import, export and wholesale of crude oil, LNG, marine lubricant, grease, other
petroleum products, other (--100%)
Clients: [Mfrs,
wholesalers] PB Singapore Pte Ltd, JX Nippon Oil & Energy Corp, Kinolkobil
Ltd, Teijin Frontier, other
No. of accounts: 200
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs, wholesalers]
BP Singapore Pte Ltd, INPEX Corp, other
Payment record: No
Complaints
Location:
Business area in Tokyo. Office premises
at the caption address are leased and maintained satisfactory.
Bank References:
MUFG
(Kojimachi)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/12/2014 |
31/12/2013 |
31/03/2012 |
31/03/2011 |
|
|
Annual
Sales |
|
210,000 |
199,700 |
190,228 |
263,948 |
|
Recur.
Profit |
|
|
|
1,051 |
1,013 |
|
Net
Profit |
|
900 |
784 |
577 |
569 |
|
Total
Assets |
|
|
18,404 |
8,466 |
31,854 |
|
Current
Assets |
|
|
17,990 |
8,213 |
31,545 |
|
Current
Liabs |
|
|
13,904 |
4,831 |
28,773 |
|
Net
Worth |
|
|
4,282 |
3,497 |
2,920 |
|
Capital,
Paid-Up |
|
|
10 |
10 |
10 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
5.16 |
4.98 |
-27.93 |
-20.95 |
|
|
Current Ratio |
.. |
129.39 |
170.01 |
109.63 |
|
|
N.Worth Ratio |
.. |
23.27 |
41.31 |
9.17 |
|
|
R.Profit/Sales |
.. |
.. |
0.55 |
0.38 |
|
|
N.Profit/Sales |
0.43 |
0.39 |
0.30 |
0.22 |
|
|
Return On Equity |
.. |
18.31 |
16.50 |
19.49 |
|
Notes:
Financials are only partially disclosed
for the 31/12/2013 fiscal term, and the sales figures are estimated from the
profits (which were precisely disclosed).
Forecast
(or estimated) figures for the 31/12/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.12 |
|
UK Pound |
1 |
Rs.102.00 |
|
Euro |
1 |
Rs.81.43 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
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 |
|
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.