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Report No. : |
307526 |
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Report Date : |
12.02.2015 |
IDENTIFICATION DETAILS
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Name : |
MELROB-CHEMIPLUS LIMITED |
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Registered Office : |
Nihombashi Kakigaracho Tokyu Bldg 2F, 1-29-4 Nihombashi-Kakigaracho Chuoku Tokyo 103-0014 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2015 (Estimated) |
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Date of Incorporation : |
May 2007 |
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Com. Reg. No.: |
0100-01-142864 (Tokyo-Chuoku) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Importer, Exporter & Wholesaler of Industrial
Chemicals & Fine Chemicals Subject
product ranges includes:- Fine Chemicals (Intermediates, Chiral Compounds, Amino
Acids); Industrial & Specialty (Inorganic, Intermediates, Metal
Compounds); Bio Materials (Monomers, Silicone, Hydrogen Monomers, UV
Blockers); Monomers (Metacrylates & Acryl Ate Monomers); Lubricants (Oil
Additives, Polybutene & Sulphonates) & Tobacco (Triacetin, Acetate
Tow, BOPP Film, Papers) |
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No. of Employee : |
08 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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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 – December 31, 2014
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Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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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. 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.
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Source
: CIA |
MELROB-CHEMIPLUS
LIMITED
REGD NAME: KK Melrob Chmiplus
MAIN OFFICE: Nihombashi Kakigaracho Tokyu Bldg 2F, 1-29-4
Nihombashi-Kakigaracho
Chuoku
Tokyo 103-0014 JAPAN
Tel: 03-6231-1361 Fax: 03-6231-1368
URL: http://www.melrob-chemiplus.com
E-Mail
address:info@melrob-chemiplus.com
ACTIVITIES: Importer, Exporter & Wholesaler of
Industrial Chemicals & Fine Chemicals
Subject product ranges includes:-
Fine Chemicals (Intermediates,
Chiral Compounds, Amino Acids); Industrial & Specialty (Inorganic,
Intermediates, Metal Compounds); Bio Materials (Monomers, Silicone, Hydrogen
Monomers, UV Blockers); Monomers (Metacrylates & Acryl Ate Monomers);
Lubricants (Oil Additives, Polybutene & Sulphonates) & Tobacco
(Triacetin, Acetate Tow, BOPP Film, Papers)
BRANCHES: Nil
OVERSEAS: China, Singapore
OFFICERS: SATOSHI KATO, PRES
Yen Amount: In
million Yen, unless otherwise stated
SUMMARY: FINANCES FAIR A/SALES Yen 4,043 M
PAYMENTS SLOW BUT CORRECT CAPITAL Yen
57 M
TREND UP WORTH Yen 135 M
STARTED 2007 EMPLOYES 8
COMMENT: TRADING FIRM SPECIALIZING IN INDUSTRIAL
CHEMICALS, WHOLLY
OWNED
BY MELROB LIMITED UK.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOD FOE ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established originally in 2006 by
Melrob Limited UK as its Japan marketing office, as Melrob Japan Ltd. In 2007 merged a part of operations with
Chemiplus Corp and renamed as captioned.
The merger was intended to streamline their operations into one entity:
Melrob Japan was expert in industrial chemicals, while Chemiplus in fine
chemicals. In Oct 2011 the integration
of the two was complete; and from 1st Oct 2011 the distribution
activities of both companies traded as Melrob-Chemiplus Ltd. In Oct 2012 merged a sister company, Melrobe
Ltd. Operations cover Europe, USA,
China, Mid/Near East, other.
The sales volume for Sept 2014 fiscal term amounted to Yen
4,043 million, an 36% up from Yen 2,980 million in the previous term. This is attributed to the said merger and
sales expanded. The recurring profit was
posted at Yen 19 million and the net profit at Yen 11 million, respectively,
compared with Yen 37 million recurring profit and Yen 16 million net profit,
respectively, a year ago.
For the current term ending Sept 2015 the recurring profit
is projected at Yen 25 million and the net profit at Yen 15 million,
respectively, on a 5% rise in turnover, to Yen 4,250 million.
The financial situation is considered FAIR and good for
ORDINARY business engagements.
Date
Registered: May 2007
Regd
No.: 0100-01-142864
(Tokyo-Chuoku)
Legal
Status: Limited Company (Kabushiki Kaisha)
Authorized:
800 shares
Issued:
200 shares
Sum: Yen 10 million
Major
shareholders (%): Melrob Limited UK (100)
Nothing detrimental is known as to the commercial morality
of executives.
Activities:
Imports, exports and wholesales industrial chemicals, fine chemicals, other
(--100%)
(Handling
Items): Fine chemicals (intermediates, chiral compounds, amino
acids); industrial & specialty (inorganic, intermediates, metal compounds);
bio materials (monomers, silicone, hydrogen monomers, UV blockers); monomers
(metacrylates & acryl ate monomers); lubricants (oil additives, polybutene
& sulphonates); tobacco (triacetin, acetate tow, BOPP film, papers); other
Clients:
[Mfrs, wholesalers] Melrob Limited, PPG Industries, Melrob Europe, other to
China, Mid/Near East, S/E Asia, other.
Domestically: Nihon Kohsakuyu Co, other
No. of accounts: Unavailable
Domestic areas of activities: Nationwide
Suppliers:
[Mfrs, wholesalers] Melrob Limited, Mitsubishi Gas Chemical, Nippon Shokubai
Co, Ryoko Co, other
Payment
record: Slow but Correct
Location:
Business area in Tokyo. Office premises
at the caption address are leased and maintained satisfactorily.
Bank
References:
Mizuho Bank (Ogikubo)
Hong Kong & Shanghai Bank (Tokyo)
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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4,250 |
4,043 |
2,980 |
2,781 |
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Recur. Profit |
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25 |
19 |
37 |
19 |
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Net Profit |
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15 |
11 |
16 |
16 |
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Total Assets |
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743 |
641 |
615 |
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Current Assets |
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579 |
502 |
388 |
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Current Liabs |
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|
248 |
272 |
363 |
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Net Worth |
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135 |
12 |
12 |
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Capital, Paid-Up |
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57 |
10 |
10 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
0.00 |
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<Analytical Data> |
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(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
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5.12 |
35.67 |
7.16 |
83.81 |
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Current Ratio |
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.. |
233.47 |
184.56 |
106.89 |
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N.Worth Ratio |
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.. |
18.17 |
1.87 |
1.95 |
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R.Profit/Sales |
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0.59 |
0.47 |
1.24 |
0.68 |
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N.Profit/Sales |
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0.35 |
0.27 |
0.54 |
0.58 |
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Return On Equity |
|
.. |
8.15 |
133.33 |
133.33 |
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.62.15 |
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1 |
Rs.94.72 |
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Euro |
1 |
Rs.70.33 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.