MIRA INFORM REPORT

 

 

Report No. :

352115.2

Report Date :

03.12.2015

 

IDENTIFICATION DETAILS

 

Name :

JSR TRADING CO LTD

 

 

Registered Office :

Shiodome Sumitomo Bldg 22F, 1-9-2 Higashi-Shimbashi Tokyo 105-0021

 

 

Country :

Japan

 

 

Financials (as on) :

31.03.2015

 

 

Date of Incorporation :

September 1971

 

 

Com. Reg. No.:

0104-01-079854 (Tokyo-Minatoku)

 

 

Legal Form :

Limited Company (Kabushiki Kaisha)

 

 

Line of Business :

Import, export and wholesale of: industrial chemicals, chemical raw materials (73%), functional materials, machinery (8%), fine chemicals (6%), materials, machinery, films, wines, other (13%)

 

 

No. of Employee :

146

 

 

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 :

No complaints

 

 

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, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

Japan

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

COMPANY NAME AND ADDRESS

 

JSR TRADING CO LTD

 

REGD NAME:                      JSR Trading KK

     MAIN OFFICE:                         Shiodome Sumitomo Bldg 22F, 1-9-2 Higashi-Shimbashi Tokyo 105-0021 JAPAN

                                                     Tel: 03-6218-3802     Fax: 03-3218-3815

 

                                                    *.. Moved to the caption address in 2009 from the one as given

 

URL:                                      http://www.jsrtr.com

E-Mail address:                     (thru the URL)

 

 

ACTIVITIES

 

Import, export, wholesale of industrial chemicals, synthetic resins, other

 

 

BRANCHES

 

  • Osaka Branch,

4-1-3 Bingo Machi,

Chuo Ku, Osaka 541-0021, Japan,

Tel No.: 81662027844

Website: www.jsrtr.com

 

  • Nagoya

 

  • Yokkaichi

 

 

OVERSEAS

 

Indonesia, China (2), USA, Thailand (--subsidiaries)

 

 

OFFICER(S)

 

KAZUTOSHI OOMI, PRES        

Ken’ichi Moriyama, ch

Shusaku Kinoshita, dir

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY

 

FINANCES        FAIR                             A/SALES          Yen 83,601 M

PAYMENTSNO COMPLAINTS    CAPITAL           Yen 480 M

TREND SLOW                           WORTH            Yen 4,600 M

STARTED         1961                             EMPLOYES      146

 

 

COMMENT

 

TRADING FIRM OWNED BY JSR CORPORATION. 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

 

 

HIGHLIGHTS

                       

The subject company was established on the basis of a trading division separated from JSR Corporation (then Japan Synthetic Rubber Corp), synthetic rubber mfr, at the caption address (See REGISTRATION), in order to engage in non-life insurance broking business.  In 1962, started cargo transport business centrally for the parent’s cargo transport business, named Nichigo Shoji KK.  In 2001, opened Shanghai Office (subsidiary).  In 2004, renamed as captioned.  Goods are mostly supplied from the parent.  In 2008, started imports of wines from Europe and South Africa.  In 2013 opened Indonesia Office.  Clients include tire mfrs, specialty mfrs, wholesalers, other.

           

 

FINANCIAL INFORMATION

 

The sales volume for Mar/2015 fiscal term amounted to Yen 83,601 million, a 5% down from Yen 87,956 million in the previous term.  The recurring profit was posted at Yen 1,323 million and the net profit at Yen 826 million, respectively, compared with Yen 1,539 million recurring profit            and Yen 926 million net profit, respectively, a year ago

 

For the current term ending Mar 2016 the recurring profit is projected at Yen 1,400 million and the net profit at Yen 850 million, respectively, on a 5% rise in turnover, to Yen 87,800 million.  Sales of synthetic rubber/resins continue strong.  The weaker Yen will contribute to raise earnings in Yen terms.

           

The financial situation is considered FAIR and good for ORDINARY business engagements. 

 

 

REGISTRATION

 

Date Registered:　                Sept 1971

Regd No.:                                 0104-01-079854 (Tokyo-Minatoku)

Legal Status:                Limited Company (Kabushiki Kaisha)

Authorized:                  3.8 million shares

Issued:                         960,000 shares

Sum:                            Yen 480 million

 

Major shareholders (%):           JSR Corp*(100)

           

*  JSR Corp, largest mfr of synthetic rubber, at the caption address, founded 1957, listed Tokyo S/E, capital Yen 23,320 million, sales Yen 404,073 million, operating profit Yen 38,068 million, recurring profit Yen 41,609 million, net profit Yen 29,918 million, total assets Yen 520,149 million, net worth Yen 359,903 million, employees 5,990, pres Mitsunobu Koshiba

           

Nothing detrimental is known as to the commercial morality of executives.

 

 

OPERATION

 

Activities: Trading firm, owned by JSR Corporation, for import, export and wholesale of: industrial chemicals, chemical raw materials (73%), functional materials, machinery (8%), fine chemicals (6%), materials, machinery, films, wines, other (13%)

 

Major Trading Countries: UK, Germany, France, Turkey, Italy, India, China, Korea, USA, Thailand, Taiwan, Hong Kong, Malaysia, Indonesia, Singapore, Australia, etc.

Clients: [Rubber mfrs, wholesalers] JSR Corp, Bridgestone Corp, Nitto Corp, CS Taiwan, BS Indonesia, MAXXIS, other.

No. of accounts: 800

 

Domestic areas of activities: Nationwide

 

Suppliers: [Mfrs, wholesalers] JSR Corp (65%), Elastomix Co, Kumho Polytech, Sumitomo Corp, Techno Polymer, Emulsion Technology Co, other.

 

Payment record: No Complaints

 

Location: Business area in Tokyo.  Office premises at the caption address are leased and maintained satisfactorily.

 

Bank References:

MUFG (Nihombashi)

SMBC (Tokyo-Chuo)

Relations: Satisfactory

 

 

FINANCIALS

 

 (In Million Yen)

       Terms Ending:

31/03/2016

31/03/2015

31/03/2014

31/03/2013

Annual Sales

　

87,800

83,601

87,956

86,932

Recur. Profit

　

1,400

1,323

1,539

1,668

Net Profit

　

850

826

926

1,014

Total Assets

　

　

20,922

21,783

23,116

Current Assets

　

　

19,875

20,711

22,358

Current Liabs

　

　

15,771

17,205

18,927

Net Worth

　

　

4,600

4,231

3,807

Capital, Paid-Up

　

　

480

480

480

Div.Ttl in Million (¥)

　

　

458

502

418

<Analytical Data>

　

(%)

(%)

(%)

(%)

    S.Growth Rate

　

5.02

-4.95

1.18

21.22

    Current Ratio

　

..

126.02

120.38

118.13

    N.Worth Ratio

　

..

21.99

19.42

16.47

    R.Profit/Sales

　

1.59

1.58

1.75

1.92

    N.Profit/Sales

　

0.97

0.99

1.05

1.17

    Return On Equity

　

..

17.96

21.89

26.64

 

Notes: Forecast (or estimated) figures for the 31/03/2016 fiscal term.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.66.62

UK Pound

1

Rs.100.34

Euro

1

Rs.70.67

JPY

1

Rs. 0.54

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

HEE

 

 

Report Prepared by :

ASH

 

 

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%)

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.