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Report No. : |
303170 |
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Report Date : |
30.01.2015 |
IDENTIFICATION DETAILS
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Name : |
OSAKA SYNTHETIC CHEMICAL LABORATORIES INC |
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Registered Office : |
1-1-2 Nishinomiyahama Nishinomiya
Hyogo-Pref 662-0934 |
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Country : |
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Financials (as on) : |
31.03.2014 |
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Date of Incorporation : |
March 1961 |
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Com. Reg. No.: |
1400-01-068188 (Hyogo-Nishinomiya) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Manufactures pharmaceuticals, materials, intermediates
(70%), test reagents (20%), industrial chemicals |
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No. of Employee : |
197 |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Good |
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Payment Behaviour : |
Regular |
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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 – September 30, 2014
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Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
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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 |
OSAKA SYNTHETIC
CHEMICAL LABORATORIES INC
REGD NAME: KK Osaka Gosei
Yuki Kagaku Kenkyusho
MAIN OFFICE: 1-1-2 Nishinomiyahama
Nishinomiya Hyogo-Pref
662-0934 JAPAN
Tel:
0798-22-5840 Fax: 0798-22-5845
E-Mail address: (thru
the URL)
ACTIVITIES: Mfg of test reagents, pharmaceuticals, industrial
chemicals
BRANCHES: Nil
FACTORIES: Hyogo (2), Okayama
OFFICERS: KOICHI SASAMOTO, PRES Yasuaki
Matsumura, s/mgn dir
Masao Okuta, mgn dir Akitoshi Ando, dir
Hitoshi
Yahara, dir
Yen Amount: In
million Yen, unless otherwise stated
SUMMARY: FINANCES FAIR A/SALES Yen 4,800 M
PAYMENTS REGULAR CAPITAL Yen 35 M
TREND UP WORTH Yen 2,234 M
STARTED 1981 EMPLOYES 197
COMMENT: MFR OF REAGENTS, PHARMACEUTICALS, OWNED
BY KANEKA CORP.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
The subject company was established on the basis of a
division separated from Kaneka Corporation (See REGISTRATION). The firm
specialized in mfg pharmaceuticals, materials, intermediates, test reagents, industrial
chemicals, other. Goods are
exported. Clients include chemical mfrs,
pharmaceutical mfrs, wholesalers, other, nationwide
Financials are disclosed only partially.
The sales volume for Mar/2014 fiscal term amounted to Yen
4,800 million, a 28% up from Yen 3,737 million in the previous term. Pharmaceuticals, particularly reagents, sold
well. The net profit was posted at Yen
531 million, compared with Yen 227 million a year ago.
For the current term ending Mar 2015 the net profit is
projected at Yen 560 million, on a 5% rise in turnover, to Yen 5,050
million. Business is seen expanding
steadily.
The financial situation is considered FAIR and good for
ORDINARY business engagements.
Date
Registered: Mar 1961
Regd No.: 1400-01-068188 (Hyogo-Nishinomiya)
Legal
Status: Limited Company (Kabushiki Kaisha)
Authorized:
280,000 shares
Issued:
70,000 shares
Sum: Yen 35 million
Major shareholders
(%): Kaneka Corp* (100)
*.. Leading mfr of PVC resins,
Osaka, founded 1949, listed Tokyo, Nagoya S/E’s, capital Yen 33,046 million, sales Yen 524,785 million,
operating profit Yen 24,821 million, recurring
profit Yen 25,961 million, net profit Yen 13,650 million, total assets Yen
528,572 million, net worth Yen 272,114 million, employees 8,907, pres Mamoru Kadokura
Nothing detrimental is known as to the commercial morality
of executives.
Activities: Manufactures
pharmaceuticals, materials, intermediates (70%), test reagents (20%),
industrial chemicals, others (--10%)
Clients:
[Mfrs, wholesalers] Kanaka Corp (20%), Sanofi KK,
Takeda Chemical Ind, Mitsubishi Chemical, Japan
Tobacco Inc, Mitsubishi Tanabe Pharma Corp, Sumitomo
Dainippon Pharma Co, Nippon Shinyaku Co, other
No. of accounts: 500
Domestic areas of activities: Nationwide
Suppliers:
[Mfrs, wholesalers] Nagase & Co, Inoue Mago Co,
Nakano Fine Chemical, Shimizu Ind, Fuji Chemicals,
Wako Pure Chemical Ind, Kenko
Corp, Kanto Kagaku, other
Payment
record: Regular
Location:
Business area in Osaka. Office premises
at the caption address are owned and maintained satisfactory.
Bank
References:
SMBC (Nishinomiya)
Mizuho Bank (Amagasaki)
Relations: Satisfactory
(In
Million Yen)
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Terms Ending: |
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31/03/2015 |
31/03/2014 |
31/03/2013 |
31/03/2012 |
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Annual Sales |
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5,050 |
4,800 |
3,737 |
3,087 |
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Recur. Profit |
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.. |
.. |
.. |
.. |
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Net Profit |
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560 |
531 |
227 |
128 |
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Total Assets |
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4,860 |
4,623 |
N/A |
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Net Worth |
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2,234 |
1,862 |
1,703 |
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Capital, Paid-Up |
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35 |
35 |
35 |
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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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5.21 |
28.45 |
21.06 |
0.46 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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45.97 |
40.28 |
.. |
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N.Profit/Sales |
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11.09 |
11.06 |
6.07 |
4.15 |
Notes: Financials are only partially disclosed.
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.61.50 |
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1 |
Rs.93.12 |
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Euro |
1 |
Rs.69.33 |
INFORMATION DETAILS
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Analysis Done by
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RAS |
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Report Prepared
by : |
ANK |
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.