|
Report Date : |
06.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
NIPPON CALMIC LTD |
|
|
|
|
Registered Office : |
Akasaka Omotecho Bldg, 4-8-19 Akasaka
Minatoku Tokyo 107-0052 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
31.05.2014 |
|
|
|
|
Date of Incorporation : |
June 1969 |
|
|
|
|
Com. Reg. No.: |
0100-01-032991 (Tokyo-Chiyodaku) |
|
|
|
|
Legal Form : |
Limited Company (Kabushiki Kaisha) |
|
|
|
|
Line of Business : |
Trading firm for import, export, rental, wholesale of equipment for
deodorizers, aromatic agents, sanitizers, air fresher, air sanitizer, soap
disposer, hand dryer, other |
|
|
|
|
No of Employees : |
417 |
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 |
|
Payment Behaviour : |
Regular |
|
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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 |
NIPPON
CALMIC LTD (CORRECT NAME)
REGD NAME: Nippon
Calmic KK
MAIN OFFICE: Akasaka
Omotecho Bldg, 4-8-19 Akasaka Minatoku Tokyo 107-0052 JAPAN
Tel:
03-3402-6351 Fax: 03-3402-6934
*.. Registered at:
1-5-10 Kudan-Minami Chiyodaku Tokyo
E-Mail address: (thru the URL)
Import, export,
wholesale, rental of equipment for deodorizer, aromatic, other
57 nationwide
YUHEI OKAMOTO,
PRES Takaaki Torii, rep dir
Yoshiaki
Kobayashi, s/mgn dir Kazuhiro Fujita,
dir
Mitsunari
Nakamitsu, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 11,554 M
PAYMENTSREGULAR CAPITAL Yen
20 M
TREND STEADY WORTH Yen 5,267 M
STARTED 1969 EMPLOYES 417
TRADING FIRM SPECIALIZING IN DEODORIZER
EQUIPMENT.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY
BUSINESS ENGAGEMENTS.
The subject
company was established as a JV by Welcome Inc (UK) and Kyoritsuseiyaku Corp
(See REGISTRATION) This is a trading firm for import, export,
rental, wholesale of deodorizers, ceramic agents, air fresher, other, for use
in clean-rooms, other. Clients include
public offices, corporations, hotels, department stores, factories, other,
nationwide
The sales volume
for May/2014 fiscal term amounted to Yen 11,554 million, a 7% up from Yen
10,831 million in the previous term. The
recurring profit was posted at Yen 2,232 million and the net profit at Yen
1,307 million, respectively, compared with Yen 2,121 million recurring profit
and Yen 1,257 million net profit, respectively, a year ago.
For the current
term ending May 2015 the recurring profit is projected at Yen 2,300 million and
the net profit at Yen 1,400 million, respectively, on a 5% rise in turnover, to
Yen 12,100 million.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
Date Registered: Jun 1969
Regd No.:
0100-01-032991
(Tokyo-Chiyodaku)
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 160,000
shares
Issued: 40,000
shares
Sum: Yen
20 million
Major
shareholders (%): Kyoritsuseiyaku Corp*
(51), J Rentkil Founding ‘UK) (49)
No.
of shareholders: 2
*.. Mfr of chemicals, Tokyo, founded 1955,
capital Yen 55 million, sales Yen 32,754 million, net profit Yen 2,201 million,
employees 437, pres Yuhei Okamoto, concurrently
Nothing detrimental is known as to the
commercial morality of executives.
Activities: Trading firm for
import, export, rental, wholesale of equipment for deodorizers, aromatic
agents, sanitizers, air fresher, air sanitizer, soap disposer, hand dryer,
other (--100%)
Clients: [Mfrs,
wholesalers] Government/public agencies (25%), business firms, universities,
department stores, hospitals, factories, hotels, other
No. of accounts:
350
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Mitsubishi Gas Chemical, Yamazaki Seisakusho Co, Ryoko Chemical
Co, other
Payment record: Regular
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactory.
Bank References:
Mizuho Bank
(Kudan)
SMBC (Kanda)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/05/2015 |
31/05/2014 |
31/05/2013 |
31/05/2012 |
|
|
Annual
Sales |
|
12,100 |
11,554 |
10,831 |
10,317 |
|
Recur.
Profit |
|
2,300 |
2,232 |
2,121 |
|
|
Net
Profit |
|
1,400 |
1,307 |
1,257 |
1,140 |
|
Total
Assets |
|
|
8,543 |
7,583 |
8,557 |
|
Current
Assets |
|
|
7,152 |
6,224 |
|
|
Current
Liabs |
|
|
2,636 |
2,384 |
|
|
Net
Worth |
|
|
5,267 |
4,592 |
5,890 |
|
Capital,
Paid-Up |
|
|
20 |
20 |
20 |
|
Div.Ttl
in Million (¥) |
|
|
1,142 |
1,140 |
559 |
|
<Analytical
Data> |
|
(%) |
(%) |
(%) |
(%) |
|
S.Growth Rate |
|
4.73 |
6.68 |
4.98 |
6.90 |
|
Current Ratio |
|
.. |
271.32 |
261.07 |
.. |
|
N.Worth Ratio |
|
.. |
61.65 |
60.56 |
68.83 |
|
R.Profit/Sales |
|
19.01 |
19.32 |
19.58 |
.. |
|
N.Profit/Sales |
|
11.57 |
11.31 |
11.61 |
11.05 |
|
Return On Equity |
|
.. |
24.81 |
27.37 |
19.35 |
Notes: Forecast
(or estimated) figures for the 31/05/2015 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.39 |
|
|
1 |
Rs.98.00 |
|
Euro |
1 |
Rs.76.98 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SMN |
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.