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Report No. : |
327085 |
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Report Date : |
16.06.2015 |
IDENTIFICATION DETAILS
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Name : |
BASF JAPAN LTD |
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Registered Office : |
Roppongi Hills Mori Tower 21F, 6-10-1 Roppongi Minatoku Tokyo 106-0032 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
October 1949 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufactures, imports, exports and wholesales industrial
chemicals: pigments, dyestuffs, synthetic resins, medicals, food additives,
germicides, other (--100%) |
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|
|
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No. of Employees : |
1,138 |
RATING & COMMENTS
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MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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.
|
Source
: CIA |
BASF JAPAN LTD
REGD NAME: BASF
Japan KK
MAIN OFFICE: Roppongi
Hills Mori Tower 21F, 6-10-1 Roppongi Minatoku Tokyo 106-0032 JAPAN
Tel: 03-3796-5111
Fax: 03-3796-4111
URL: http://www.basf.japan.co.jp
E-mail: info@basf.japan.co.jp
ACTIVITIES: Import,
export of chemicals, plastics & fiber, colorants, health foods
BRANCHES: Osaka,
Nagoya, Kawasaki, other (Tot 8)
FACTORIES: Yokkaichi,
Koriyama, Ibaraki, other (Tot 6)
OFFICERS: GOERG-CHRISTIAN
STECK, PRES
Yasuhiro Suda, rep dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 150,796 M
PAYMENTSREGULAR CAPITAL Yen 7,080 M
TREND UP WORTH Yen 36,828 M
STARTED 1949 EMPLOYES 1,138
COMMENT: TRADING HOUSE SPECIALIZING IN CHEMICALS & PLASTICS, WHOLLY OWNED BY BASF AG. FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR CREDIT
ENGAGEMENTS: US$500,000 /O/A 90 DAYS TERMS.
The subject company was established as a marketing arm in Japan by BASF AG, Germany. The firm specializes in import and export of chemicals, plastics, performance products (coatings, dispersion, pigment & specialty chemicals) agricultural products & nutrition (See OPERATION). The firm has mfg division with 6 factories operated specializing in chemicals, pigments, medicals, other. Clients include chemical mfrs, genera trading houses, other
The sales volume for Dec/2014 fiscal term amounted to Yen 150,796 million, a 7% up from Yen 140,586 million in the previous term. The recurring profit was posted at Yen 6,838 million and the net profit at Yen 4,135 million, respectively, compared with Yen 7,400 million recurring profit and Yen 2,685 million net profit, respectively, a year ago.
For the current term ending Dec 2015 the recurring profit is projected at Yen 7,000 million and the net profit at Yen 4,250 million, respectively, on a 5% rise in turnover, to Yen 158,500 million.
The financial situation is considered FAIR and good for ORDINARY business engagements.
Date Registered: Oct
1949
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 56.64
million shares
Issued: 14.16 million shares
Sum: Yen
7,080 million
Major shareholders (%): BASF AG (100)
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures, imports, exports and wholesales industrial chemicals: pigments, dyestuffs, synthetic resins, medicals, food additives, germicides, other (--100%):
Clients: [Mfrs, wholesalers] Toyota Tsusho Corp, Nagase & Co, Watanabe Chemical, Yamamoto Trading, Asahi Kasei Fibers Corp, Sumitomo Chemical, Taiheiyo Cement, Nissan Motor, Zen-Noh Corp, other.
Exports to S/E Asia, other.
No. of accounts: 1,000
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Supplied from BASF and its group firms.
Domestically, Mitsubishi Chemical, other
Payment record: Regular
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
MUFG (Kojimachi)
Mizuho Bank
(Akasaka)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/12/2015 |
31/12/2014 |
31/12/2013 |
31/12/2012 |
|
|
Annual
Sales |
|
158,500 |
150,796 |
140,586 |
118,835 |
|
Recur.
Profit |
|
7,000 |
6,838 |
7,400 |
2,803 |
|
Net
Profit |
|
4,250 |
4,135 |
2,685 |
11,318 |
|
Total
Assets |
|
|
85,077 |
87,939 |
88,473 |
|
Current
Assets |
|
|
55,051 |
55,283 |
50,319 |
|
Current
Liabs |
|
|
38,446 |
45,174 |
47,242 |
|
Net
Worth |
|
|
36,828 |
32,643 |
29,919 |
|
Capital,
Paid-Up |
|
|
7,080 |
7,080 |
7,080 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
|
(%) |
(%) |
(%) |
(%) |
|
S.Growth Rate |
|
5.11 |
7.26 |
18.30 |
3.05 |
|
Current Ratio |
|
.. |
143.19 |
122.38 |
106.51 |
|
N.Worth Ratio |
|
.. |
43.29 |
37.12 |
33.82 |
|
R.Profit/Sales |
|
4.42 |
4.53 |
5.26 |
2.36 |
|
N.Profit/Sales |
|
2.68 |
2.74 |
1.91 |
9.52 |
|
Return On Equity |
|
.. |
11.23 |
8.23 |
37.83 |
Notes: Forecast
(or estimated) for the 31/12/2015 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.09 |
|
|
1 |
Rs.99.57 |
|
Euro |
1 |
Rs.71.84 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
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 |
|
|
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 |
|
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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 |
|
|
-- |
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.