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Report No. : |
331513 |
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Report Date : |
11.07.2015 |
IDENTIFICATION DETAILS
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Name : |
BIO ACTIVES JAPAN
CORPORATION |
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Registered Office : |
ITY Otsuka Bldg 9F, 2-15-0 Kita-Otsuka Toshimaku Tokyo 170-0004 |
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Country : |
Japan |
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Financials (as on) : |
31.08.2014 |
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Date of Incorporation : |
September 2006 |
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Com. Reg. No.: |
0133-01-024446 |
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Legal Form : |
Limited Company |
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Line of Business : |
Imports and wholesales natural botanical extracts, beauty products,bio-technology products, enzyme (ferment), preparations, health products, natural cosmetic actives, natural cosmetic colors & preservatives, natural flavors, specialty chemicals, pharmaceutical intermediates, others (--100%). |
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No. of Employees : |
6 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
BIO ACTIVES JAPAN CORPORATION
REGD NAME
KK Bio Actives
Japan
MAIN OFFICE
ITY Otsuka Bldg 9F,
2-15-0 Kita-Otsuka Toshimaku Tokyo 170-0004 JAPAN
Tel:
03-5981-0601 Fax: 03-5981-0602
URL:
http://www.bioactivesjapan.com/
E-Mail address: info@bioactivesjapan.com
ACTIVITIES:
Import, wholesale
of natural botanical extracts, food ingredients, flavors
BRANCHES:
Nil
OVERSEAS:
India
OFFICER(S):
FAIZAL MOHAMMED,
PRES (Indian resident)
S Mohammed Saril,
dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY:
FINANCES FAIR A/SALES Yen 1,649 M
PAYMENTSNO
COMPLAINTS CAPITAL Yen 50 M
TREND SLOW WORTH Yen 250 M
STARTED 2006 EMPLOYES 6
COMMENT:
IMPORTER AND WHOLESALER SPECIALIZING IN NATURAL BOTANICAL EXTRACTS. FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
HIGHLIGHTS:
The subject company was established as Japan marketing office by Bio Actives, India, for marketing its products of natural botanical extracts as mainline. This is a trading firm for import and wholesale of natural botanical extracts from group firms in India centrally, and USA. Partially processes them into products and exports. Clients are in the areas of nutraceuticals, cosmetics, pharmaceutical, health food mfrs, other.
FINANCIAL
INFORMATION:
The sales volume for Aug/2014 fiscal term amounted to Yen 1,649 million, a 25% down from Yen 2,193 million in the previous term. The recurring profit was posted at Yen 66 million and the net profit at Yen 14 million, respectively, compared with Yen 27 million recurring profit and Yen 26 million net profits, respectively, a year ago.
For the current term ending Aug 2015 the recurring profit is projected at Yen 75 million and the net profit at Yen 20 million, respectively, on a 12% rise in turnover to Yen 1,850 million.
The financial situation is considered FAIR and good for ORDINARY business engagements.
REGISTRATION
Date Registered: Sept 2006
Regd No.:
0133-01-024446
(Tokyo-Toshimaku)
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 1,000
shares
Issued: 1,000
shares
Sum: Yen
50 million
Major shareholders (%): Faizal Mohammed
(96.9), S Mohammed Saril (3.1)
No. of shareholders: 2
Nothing detrimental
is known as to the commercial morality of executives.
OPERATION:
Activities: Imports and wholesales natural botanical extracts, beauty products,bio-technology products, enzyme (ferment), preparations, health products, natural cosmetic actives, natural cosmetic colors & preservatives, natural flavors, specialty chemicals, pharmaceutical intermediates, others (--100%).
Goods are imported from its Headquarters in India and other contracted facilities throughout India, and USA.
Clients: [Pharmaceutical mfrs, wholesalers] Astra Nutraceuticals, Health food mfrs, other
Exports to: Taiwan, Korea, Philippines, India, Thailand, Indonesia, other.
No. of accounts: Unavailable
Domestic areas of activities: Nationwide
Suppliers: [Mfrs] Imports mainly from Olive Lifesciences (90%), Astra Nutraceuticals (Chennai, India) (5%), other from Europe, USA , China, other.
Payment
record: No Complaints
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
MUFG
(Tanashi-Ekimae)
State Bank of
India (Tokyo)
Relations:
Satisfactory
FINANCES:
(In Million Yen)
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Terms
Ending: |
31/08/2015 |
31/08/2014 |
31/08/2013 |
31/12/2012 |
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Annual
Sales |
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1,850 |
1,649 |
2,193 |
2,359 |
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Recur.
Profit |
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75 |
66 |
27 |
179 |
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Net
Profit |
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20 |
14 |
26 |
158 |
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Total
Assets |
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928 |
1,441 |
642 |
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Current
Assets |
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926 |
1,403 |
604 |
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Current
Liabs |
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678 |
1,241 |
468 |
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Net Worth |
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250 |
200 |
173 |
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Capital,
Paid-Up |
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50 |
50 |
50 |
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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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12.19 |
-24.81 |
-7.04 |
58.11 |
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Current Ratio |
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.. |
136.58 |
113.05 |
129.06 |
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N.Worth Ratio |
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.. |
26.94 |
13.88 |
26.95 |
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R.Profit/Sales |
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4.05 |
4.00 |
1.23 |
7.59 |
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N.Profit/Sales |
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1.08 |
0.85 |
1.19 |
6.70 |
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Return On Equity |
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.. |
5.60 |
13.00 |
91.33 |
Notes: Forecast (or estimated) figures for the 31/08/2015 fiscal
term.
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 |
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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.