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Report No. : |
320903 |
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Report Date : |
30.04.2015 |
IDENTIFICATION DETAILS
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Name : |
CBC CO LTD |
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Registered Office : |
CBC Bldg, 2-15-13 Tsukishima Chuoku Tokyo 104-0052 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2014 |
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Date of Incorporation : |
November 1935 |
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Com. Reg. No.: |
0100-01-050333 |
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Legal Form : |
Limited Company |
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Line of Business : |
Subject is a Trading Firm for Import, Export, Wholesale of Chemical
Products, IT-Related Products, Security-Related Products |
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No. of Employees : |
435 |
ECGC Country Risk Classification List – June 1, 2014
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Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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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 |
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. Since the complete shutdown of Japan’s nuclear reactors after the earthquake and tsunami disaster in 2011, Japan's industrial sector has become 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 four 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. A sales tax increase caused the economy to contract during the 2nd and 3rd quarters of 2014. The economy has largely recovered in the three years since the disaster, but reconstruction in the Tohoku region has been uneven due to labor shortages. 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 2014 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 government will continue a longstanding debate on restructuring the economy and reining in Japan's huge government debt, which amounts to more than 240% 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 2015, although the government in 2014 decided to postpone the final phase of the increase until 2017 to give the economy time to recover from the 2014 increase. 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 |
CBC CO LTD
CBC KK
CBC Bldg, 2-15-13 Tsukishima Chuoku Tokyo 104-0052 Japan
Tel: 03-3536-4500
Fax: 03-3536-4774
E-Mail address: info@cbc.co.jp
ACTIVITIES: Trading firm for import, export, wholesale
of chemical products, IT-related products, security-related products
BRANCHES: Osaka, Nagoya, Fukuoka, Mishima
OVERSEAS: New York, Los Angeles, London, Milan,
Paris, Düsseldorf, Warsaw, Taipei,
Bangkok,
Singapore, Jakarta, Chittagong, Mumbai, China (4), other (Tot 31)
Osaka, Mishima; Novata (Italy), Chittagong (Bangladesh), Bangkok
(Thailand), Beijing, Chungshu, Dongguan (--China), Vietnam
(--subcontracted)
UTARO DOI, PRES Takayasu Owada, COO
Shoichi Takabatake, s/mgn dir Hiroaki Ichii, mgn dir
Masataro Doi, mgn dir Toshikazu Matsuda, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 135,692 M
PAYMENTS NO COMPLAINTS CAPITAL Yen 5,100 M
TREND UP WORTH Yen 31,727 M
STARTED 1935 EMPLOYES 435
COMMENT: TRADING HOUSE SPECIALIZING IN INDUSTRIAL
CHEMICALS &
IT-RELATED
PRODUCTS.
FINANCIAL SITUATION CONSIDERED FAIR TO GOOD AND
RESPONSIBLE FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established originally in 1925 by Utaro Doi, and has been succeeded by the present executives. This is a trading firm specializing in industrial chemicals, synthetic resins, medical products, agricultural chemicals, etc. Of recent development include security apparatus, such as monitoring camera lenses, devices, etc, both rising in demand at home and abroad. Goods are originally designed and manufactured on consignment by overseas factories. Also handles liquid crystal display panels and peripherals. In Jun 2006, acquired all stocks of PROCOS, pharmaceutical fine chemicals mfr, Italy, to make it a wholly owned subsidiary. In Oct 2010, invested in Millinet Solar Co Ltd, a solar cell maker in Korea. Operates a global network of 31 bases in 15 countries including USA and countries in Western & Eastern Europe and Asia including Middle East. Clients are major chemical mfrs, paint makers, pharmaceuticals, other in the related fields.
The sales volume for Mar/2014 fiscal term amounted to Yen 135,692
million, a 4% up from Yen 129,999 million in the previous term. Overseas production increased. Exports were robust. The recurring profit was posted at Yen 2,925
million and the net profit at Yen 1,771 million, respectively, compared with
Yen 2,804 million recurring profit and Yen 1,648 million net profit,
respectively, a year ago.
For the current ending Mar 2015 the recurring profit is projected at Yen
3,000 million and the net profit at Yen 1,900 million, respectively, on a 5%
rise in turnover, to Yen 142,000 million.
Business is seen expanding steadily.
The financial situation is considered FAIR and good for ordinary
BUSINESS engagements.
Date Registered: Nov
1935
Regd No.: 0100-01-050333
(Tokyo-Chuoku)
Legal Status: Limited Company (Kabushiki
Kaisha)
Authorized: 68 million shared
Issued:
17 million
shares
Sum: Yen
5,100 million
Major shareholders
(%):
Utaro Doi (24.6), Employees’
S/Holding Assn (23.4), U-D KK (16.6), Shotaro Doi (14.7)
No. of
shareholders: 24
Nothing detrimental is known as to the commercial morality of
executives.
Activities: A trading house specializing
in security-related products (monitoring camera lenses, apparatus, etc), liquid
crystal display panels & peripherals, solar batteries, electronic
components & devices (--59%), other industrial chemicals, synthetic resins,
medical products, agricultural chemicals, foodstuffs, textiles & clothing,
others (--41%).
(Export 20%)
Clients: [Mfrs,
wholesalers] Circle K Sunkus, Toppan Printing, Sony Corp, Yakult Honsha, Nitto
Denko Corp, Nippon Paint, Takeda Chemical, Okura Ind, Toray Ind, Meiwa Pax Co,
other
No. of accounts: 1,000
Domestic areas of activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Asahi Denka Kogyo, Shin-Etsu Chemical, Okura Ind, Mitsubishi
Rayon, Sumitomo Chemical, DIC, ADEKA, Kyowa Hakko Chemical, Samsung, LG
(--Korea), PS Japan, Du Pont-Mitsui Fluorochemicals Co, other
Payment record: No Complaints
Location: Business area in
Tokyo. Office premises at the caption
address are owned and maintained satisfactorily.
Bank References:
MUFG (Tokyo)
Mizuho Bank (Kyobashi)
Relations: Satisfactory
(In Million Yen)
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Terms Ending: |
31/03/2015 |
31/03/2014 |
31/03/2013 |
31/03/2012 |
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Annual Sales |
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142,000 |
135,692 |
129,999 |
131,294 |
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Recur. Profit |
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3,000 |
2,925 |
2,804 |
2,665 |
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Net Profit |
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1,900 |
1,771 |
1,648 |
695 |
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Total Assets |
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106,437 |
103,819 |
98,450 |
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Current Assets |
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58,412 |
60,328 |
60,388 |
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Current Liabs |
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48,291 |
52,018 |
56,696 |
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Net Worth |
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31,727 |
29,598 |
25,760 |
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Capital, Paid-Up |
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5,100 |
5,100 |
5,100 |
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Div.P.Share(¥) |
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11.00 |
11.00 |
11.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
4.65 |
4.38 |
-0.99 |
-6.24 |
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Current Ratio |
.. |
120.96 |
115.98 |
106.51 |
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N.Worth Ratio |
.. |
29.81 |
28.51 |
26.17 |
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R.Profit/Sales |
2.11 |
2.16 |
2.16 |
2.03 |
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N.Profit/Sales |
1.34 |
1.31 |
1.27 |
0.53 |
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Return On Equity |
.. |
5.58 |
5.57 |
2.70 |
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Notes: Forecast (or estimated) figures for the 31/03/2015 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.63.20 |
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1 |
Rs.97.01 |
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Euro |
1 |
Rs.69.34 |
INFORMATION DETAILS
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Report Prepared
by : |
ASH |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.