MIRA INFORM REPORT

 

 

Report No. :

351482

Report Date :

26.11.2015

 

IDENTIFICATION DETAILS

 

Name :

NIPPON CALMIC LTD

 

 

Registered Office :

1-5-10 Kudanminami, Chiyoda-ku, Tokyo 1020074

 

 

Country :

Japan

 

 

Financials (as on) :

May 2014

 

 

Date of Incorporation :

06.06.1969

 

 

Legal Form :

Private Company with Limited Liability

 

 

Line of Business :

Service provider of Professional Services.

 

 

No. of Employee :

417

 

 

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 :

Good

 

 

Payment Behaviour :

Regular

 

 

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

 

 

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 an 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. Scarce in many natural resources, Japan has long been dependent on imported raw materials. Since the complete shutdown of Japan’s nuclear reactors after the earthquake and tsunami disaster in 2011, Japan's industrial sector has become even more dependent than it was previously on imported fossil 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 impressive - 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 aftereffects 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. 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 of that year disrupted manufacturing. The economy has largely recovered in the four years since the disaster, although reconstruction in the affected Tohoku region has lagged, in part due to a shortage of labor in the construction sector. Japan enjoyed a sharp uptick in growth in 2013 on the basis of Prime Minister Shinzo Abe’s “Three Arrows” economic revitalization agenda - dubbed “Abenomics” - of monetary easing, “flexible” fiscal policy, and structural reform. Abe’s government has replaced the preceding administration’s plan to phase out nuclear power with a new policy of seeking to restart nuclear power plants that meet strict new safety standards, and emphasizing nuclear energy’s importance as a base-load electricity source. Japan joined the Trans-Pacific Partnership (TPP) 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 first-place China, which surpassed Japan in 2001, and third-place India, which edged out Japan in 2012. While seeking to stimulate and reform the economy, the government must also devise a strategy for reining in Japan's huge government debt, which amounts to more than 230% of GDP. To help raise government revenue, Japan adopted legislation in 2012 to gradually raise the consumption tax rate to 10% by 2015, beginning with a hike from 5% to 8% implemented in April 2014. That increase had a contractionary effect on GDP, however, so PM Abe in late 2014 decided to postpone the final phase of the increase until April 2017 to give the economy more time to recover. Led by the Bank of Japan’s aggressive monetary easing, Japan is making progress in ending deflation, but demographics - low birthrate and an aging, shrinking population - pose major long-term challenges for the economy.

 

Source : CIA

 

Company Details

 

Country

:

Japan

Business Entity Name

:

NIPPON CALMIC LTD (1)

Operating Address

:

Akasaka Omotemachi Bldg 4-8-19 Akasaka, Minato-ku, Tokyo 1070052

Tel

:

[+81] 3-34026351

Fax

:

[+81] 3-34026934

Website

:

http://www.calmic.co.jp/

Primary Business Activity

:

Service

Primary Industry

:

Professional Services

 

 

Key Facts

Registered Legal Address

:

1-5-10 Kudanminami, Chiyoda-ku, Tokyo 1020074

License Number

:

0100-01-032991

Date of Registration

:

6 Jun, 1969

Issuing Authority

:

Legal Affairs Bureau, Ministry of Justice - National

Legal Form - Category

:

Private Company with Limited Liability

Legal Form

:

Limited

Legal Form - Abbreviation

:

LTD

License Status

:

License exists - Normal.

Operational Status of Business

:

Normal

Employees

:

417

Capital

:

n/a (2)

 

Note:

(1) Legal status of the English corporate name
The English name of the Subject Business Entity (SBE) is a randomly selected translation / transliteration made by the owners of the SBE. It is not a registered English corporate name, but simply a translation / transliteration of the local language name.

 

(2) Not applicable.
Based on the current corporate laws of Japan there is no longer a requirement for Authorized Capital.

 

 

 

Financials - Summary  

 

(Currency: USD - US Dollar)

Year

Turnover

Assets

Net Income

2012 Annual  

120,462,977

99,914,442

13,316,276

2013 Annual  

104,159,948

72,927,628

12,094,817

2014 Annual  

97,462,733

72,066,385

11,026,385

 

Sales Trend – Analysis

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

-

-

-

-

-

-

-

-

http://www.asiancredit.com/Manage/image/down_arrow_04.gif

http://www.asiancredit.com/Manage/image/down_arrow_04.gif

 

 

Key Person

Legal Title

:

Chairman

Name

:

Mr. Yuhei Okamoto

Local Name

:

岡本雄平

Nationality

:

Japanese

 

 

Primary Products

Products / Materials / Services Description

Activity

Air management

Service

Hygiene services

Service

Pest control management

Service

Plumbing maintenance

Service

Sanitary services

Service

 

 

Commercial Credit Inquiries

Date of Inquiry

Industry
in which Inquirer Operates

Credit Type
(* / **)

Credit Amount

Period

25 Nov, 2015

Professional Services

MRC

USD 4,500,000

90 days

17 Sep, 2015

Professional Services

MRC

USD 1,500,000

30 days

 

Note:

*

MRC

:

Max. Recommended Credit amount

**

ISC

:

Inquirer Specified Credit amount

 

 

 

Fullcheck Report Details

 

 

 

 

 

 

Country

:

Japan

Business Entity Name

:

NIPPON CALMIC LTD

Primary Business Activity

:

Service

Primary Industry

:

Professional Services

 

Office Contact Details

Operating Address

:

Akasaka Omotemachi Bldg 4-8-19 Akasaka, Minato-ku, Tokyo 1070052

Tel

:

[+81] 3-34026351

Fax

:

[+81] 3-34026934

 

Website Details

Website

:

http://www.calmic.co.jp/

Status

:

Normal - operational

Country of Registration

:

Japan

Ownership Type

:

Registered ownership by Subject Business Entity

 

 

SIC PRODUCT CLASSIFICATION & ACTIVITY

 

Product/Service Description

Code

Activity

Air, Water & Solid Waste Mgt

9511

Service

Disinfect/Pest Control Svc

7342

Service

Sanitary Svcs, NEC

4959

Service

 

 

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

 

Product/Service Description

Code

Activity

Air, water & solid waste management services

9879

Service

Sanitary services

9863

Service

 

 

DETAILED PRODUCT CLASSIFICATION & ACTIVITY

 

Products / Materials / Services Description

Ranking

Activity

Waste management

Primary

Service

Water management

Primary

Service

 

 

CORE BUSINESS DESCRIPTION

 

Core Business

The primary business focus of NIPPON CALMIC LTD is Specialized professional services, including:

Sanitary services

Waste management


Key services include :

Air management

Hygiene services

Pest control management

Plumbing maintenance

Sanitary services

Waste management

Water management

 

 

DIRECT / INDIRECT CORPORATE PARENT DETAILS

 

Direct Corporate Parent

:

KYORITSU SEIYAKU CORP

Global Identifier

:

P0424833

Legal Form Category

:

Private Company with Limited Liability

Country

:

Japan

Operational Address

:

1-11-5 Kudan-kita Chiyoda-ku Tokyo 1020073

Primary Business Activity

:

Manufacturer

 

 

COMPANY MANAGEMENT

 

Management Listings

 

Name

Nationality

Job Description

Dept. / Division

1

Mr. Yoshiaki Kobayashi

Japanese

Senior Managing Director

-

2

Mr. Yuhei Okamoto

Japanese

n/a

-

3

Mr. Dara Phagan

British

Auditor

-

4

Mr. Takaaki Takai

Japanese

President

-

 

 

Management Details - 1

Personal Unique Identifier

:

MI03903520

Name

:

Mr. Yoshiaki Kobayashi

Name in local language

:

小林好明

 

Management Details - 2

Personal Unique Identifier

:

MI03903523

Name

:

Mr. Yuhei Okamoto

Name in local language

:

岡本雄平

 

Management Details - 3

Personal Unique Identifier

:

MI03903529

Name

:

Mr. Dara Phagan

 

 

Management Details - 4

Personal Unique Identifier

:

MI03903526

Name

:

Mr. Takaaki Takai

Name in local language

:

高居隆章

 

 

 

 

CAPITAL

 

(Currency: JPY - Japanese Yen)

 

Share Value

:

¥ 500

No. of Authorized Shares

:

160,000

Paid-up Capital

:

¥ 20,000,000

 

 

FINANCIAL STATEMENT - DETAILED

BALANCE SHEET

Currency

:

JPY

Denomination

:

1

Financial Year Ending

:

May

Financial Highlights

2012 Annual

2013 Annual

2014 Annual

Share Capital(*)

20,000

20,000,000

20,000,000

Total Liabilities(*)

-

-

3,275,929,000

Assets 

Current Assets(*)

7,299,593,000

-

7,152,045,000

Total Assets(*)

8,557,672,000

7,583,744,000

8,543,470,000

Non Current Assets(*)

1,258,079,000

-

1,391,425,000

Liabilities 

Non Current Liabilities(*)

1,258,079,000

-

639,899,000

Current Liabilities(*)

2,159,680,000

-

2,636,030,000

Shareholders Funds(*)

5,890,387,000

-

5,267,541,000

Note: (*)

Financial Highlights

 

INCOME STATEMENT

Currency

:

JPY

Denomination

:

1

Financial Year Ending

:

May

Financial Highlights

2012 Annual

2013 Annual

2014 Annual

Turnover(*)

10,317,654,000

10,831,593,000

11,554,207,000

Profit After Tax attributable to Shareholders(*)

1,140,539,000

1,257,740,000

1,307,178,000

Note: (*)

Financial Highlights

 

FINANCIAL RATIOS

Financial Highlights

2012 Annual

2013 Annual

2014 Annual

Growth % 

Year-on-Year Growth

-

4.98

6.67

Profitability 

Profit Margin (%)

11.05

11.61

11.31

Return on Equity (%)

19.36

-

24.82

Return on Assets (%)

13.33

16.58

15.30

Leverage 

Total Debt Equity (Times)

-

-

0.62

Current Debt Equity (Times)

0.37

-

0.50

Long Term Debt to Equity

0.21

-

0.12

Total Asset To Total Equity

1.45

-

1.62

Asset Management 

Total Assets Turnover (Times)

1.21

1.43

1.35

Fixed Assets Turnover (Times)

8.20

-

8.30

Liquidity 

Current Ratio

3.38

-

2.71

 

 

REPUTATION

 

Reference checking for the purpose of establishing NIPPON CALMIC LTD's reputation within the respective industry failed to reveal any adverse information.

 

 

 

NEGA-SCAN - ADVERSE DATA MONITORING

 

 

 

 

DISHONORED CHECKS

 

No Record Found

 

http://www.asiancredit.com/Manage/Image/space.gif

 

DEBT

 

No Record Found

 

http://www.asiancredit.com/Manage/Image/space.gif

 

CIVIL LITIGATION

 

No Record Found

 

http://www.asiancredit.com/Manage/Image/space.gif

 

PERFORMANCE DEFAULTS

 

No Record Found

 

http://www.asiancredit.com/Manage/Image/space.gif

 

ADVERSE LOCAL MEDIA COVERAGE / ADVERSE FILING HISTORY

No Record Found

 

http://www.asiancredit.com/Manage/Image/space.gif

 

 

BANK DETAILS

 

Bank Name

:

BANK OF TOKYO-MITSUBISHI UFJ LTD, THE

Global Identifier

:

P0006866

Branch

:

Chiyoda-ku,Tokyo

Branch Address

:

BANK OF TOKYO-MITSUBISHI UFJ LTD , THE - MINATO-KU, TOKYO, MITA

SWIFT Code

:

BOTKJPJT

 

Bank Name

:

MIZUHO BANK LTD

Global Identifier

:

P0217434

Branch

:

Chiyoda-ku,Tokyo

Branch Address

:

MIZUHO BANK LTD , THE - CHIYODA-KU, TOKYO, 1-5-5 OTEMACHI

SWIFT Code

:

MHCBJPJT

 

Bank Name

:

NORINCHUKIN BANK, THE

Global Identifier

:

P0188858

Branch

:

Chiyoda-ku,Tokyo

Branch Address

:

NORINCHUKIN BANK , THE - NAKA-KU, NAGOYA-SHI, 2-3-4 NISHIKI

SWIFT Code

:

NOCUJPJT

 

Bank Name

:

SUMITOMO MITSUI BANKING CORP

Global Identifier

:

P0173197

Branch

:

Chiyoda-ku,Tokyo

Branch Address

:

SUMITOMO MITSUI BANKING CORP, NIHONBASHI

SWIFT Code

:

SMBCJPJT

 

 

LOCAL BRANCHES & MANAGEMENT

 

Branch

:

NIPPON CALMIC LTD - TAKAMATSU-SHI, KAGAWA

Branch Address

:

10-1 Tenjinmae, Takamatsu-shi, Kagawa 7600018

Branch Tel

:

81-87-2406811

 

Branch

:

NIPPON CALMIC LTD - NAKA-KU, HIROSHIMA-SHI

Branch Address

:

1-8-20 Kokutaiji-machi, Naka-ku, Hiroshima-shi, Hiroshima 7300042

Branch Tel

:

81-82-2406811

 

Branch

:

NIPPON CALMIC LTD - CHUO-KU, KOBE-SHI

Branch Address

:

1-7-4 Higashikawasaki-cho, Chuo-ku, Kobe-shi, Hyogo 6500044

Branch Tel

:

81-78-3617071

 

Branch

:

NIPPON CALMIC LTD - NAKAGYO-KU, KYOTO-SHI

Branch Address

:

71 Ryusui-cho, Nakagyo-ku, Kyoto-shi, Kyoto 6048242

Branch Tel

:

81-75-2134061

 

Branch

:

NIPPON CALMIC LTD - SAKAI-SHI, OSAKA

Branch Address

:

4-45-1 Ebisujima-cho Sakai-ku, Sakai-shi, Osaka 5900985

Branch Tel

:

81-72-2251761

 

Branch

:

NIPPON CALMIC LTD - CHUO-KU, OSAKA-SHI

Branch Address

:

4-7-8 Kawara-machi, Chuo-ku, Osaka-shi, Osaka 5410048

Branch Tel

:

81-72-2251761

 

Branch

:

NIPPON CALMIC LTD - NAKA-KU, NAGOYA-SHI

Branch Address

:

2-3-16 Sakae, Naka-ku, Nagoya-shi, Aichi 4600008

Branch Tel

:

81-52-2043011

 

Branch

:

NIPPON CALMIC LTD - NAKA-KU, YOKOHAMA-SHI

Branch Address

:

4-45-1 Sumiyoshi-cho, Naka-ku, Yokohama-shi, Kanagawa 2310013

Branch Tel

:

81-45-6622071

 

Branch

:

NIPPON CALMIC LTD - OMIYA-KU, SAITAMA-SHI

Branch Address

:

3-99 Daimon-cho, Omiya-ku, Saitama-shi, Saitama 3300846

Branch Tel

:

81-48-6437511

 

Branch

:

NIPPON CALMIC LTD - CHUO-KU, CHIBA-SHI

Branch Address

:

22-1 Shinmachi, Chuo-ku, Chiba-shi, Chiba 2600028

Branch Tel

:

81-43-2421921

 

Branch

:

NIPPON CALMIC LTD - AOBA-KU, SENDAI-SHI

Branch Address

:

1-2-3 Chuo, Aoba-ku, Sendai-shi, Miyagi 9808485

Branch Tel

:

81-22-7220911

 

Branch

:

NIPPON CALMIC LTD - CHUO-KU, TOKYO

Branch Address

:

36-2 Nihonbashihakozaki-cho, Chuo-ku, Tokyo 1030015

Branch Tel

:

81-3-56521631

 

Branch

:

NIPPON CALMIC LTD - MEGURO-KU, TOKYO

Branch Address

:

4-7-7 Aobadai, Meguro-ku, Tokyo 1530042

Branch Tel

:

81-3-57907511

 

Branch

:

NIPPON CALMIC LTD - CHUO-KU, SAPPORO-SHI

Branch Address

:

5-2-9 Kita1jounishi, Chuo-ku, Sapporo-shi, Hokkaido 0600001

 

Branch

:

NIPPON CALMIC LTD - TACHIKAWA-SHI, TOKYO

Branch Address

:

3-1-16 Nishiki-cho, Tachikawa-shi, Tokyo 1900022

Branch Tel

:

81-42-5222371

 

Branch

:

NIPPON CALMIC LTD - NAHA-SHI, OKINAWA

Branch Address

:

5-8-5 Kanagusuku, Naha-shi, Okinawa 9010155

Branch Tel

:

81-98-8590441

 

Branch

:

NIPPON CALMIC LTD - KAGOSHIMA-SHI, KAGOSHIMA

Branch Address

:

18-1 Chuo-cho, Kagoshima-shi, Kagoshima 8900052

Branch Tel

:

81-99-2517951

 

Branch

:

NIPPON CALMIC LTD - CHUO-KU, FUKUOKA-SHI

Branch Address

:

4-1-1 Tenjin, Chuo-ku, Fukuoka-shi, Fukuoka 8100001

Branch Tel

:

81-92-7618101

 

 

SHAREHOLDERS

 

Total number of shareholders

:

2

Total number of shares

:

40,000

 

Currency

:

JPY - Japanese Yen

 

No.

Shareholders

Country

Shares

Number

Amount (JPY)

%

1

KYORITSU SEIYAKU CORP

Japan

20,400

10,200,000

51.00

2

RENTOKIL INITIAL PLC

United Kingdom

19,600

9,800,000

49.00

Total

40,000

20,000,000

100.00

 

Today's Exchange rate

:

1.00 JPY
Japanese Yen

=

0.008293 USD
United States Dollars

 

Based on corporate statutory laws / regulations in Japan, there is no requirement for public disclosure of Shareholders. In this case, the Shareholders information was supplied by the Subject Business Entity.
However in the absence of data normally obtained from local Statutory Authorities, it is not possible to verify the accuracy of data supplied and hence is provided as reference ONLY.

 

 

COMPANY DIRECTORS

1

 

 

Personal Unique Identifier

:

MI03903525

Name

:

Mr. Andrew M. Ransom

 

2

 

 

Personal Unique Identifier

:

MI03903519

Name

:

Mr. Kazuhiro Fujita

Name in local language

:

藤田和宏

 

3

 

 

Personal Unique Identifier

:

MI03903522

Name

:

Mr. Mitsunari Nakamichi

Name in local language

:

中道光成

 

4

 

 

Personal Unique Identifier

:

MI03903526

Name

:

Mr. Takaaki Takai

Name in local language

:

高居隆章

 

5

 

 

Personal Unique Identifier

:

MI03903520

Name

:

Mr. Yoshiaki Kobayashi

Name in local language

:

小林好明

 

6

 

 

Personal Unique Identifier

:

MI03903523

Name

:

Mr. Yuhei Okamoto

Name in local language

:

岡本雄平

 

 

DOMESTIC SUPPLIERS

Business Entity Name

Global Identifier

ASAMA KOUGYOU CO LTD

P3302880

MITSUBISHI GAS CHEMICAL CO INC

P0011473

RYOKO CHEMICAL CO LTD

P0104020

TAKASAGO AROMAS CO LTD

P1946645

TENSHO ELECTRIC INDUSTRIES CO LTD

P0504689

YAMAZAKI SEISAKUSHO CO LTD

P0446850

 

 

OFFICE & FACILITIES

The following information relates to the Business Entity's office as listed above:

Name

:

NIPPON CALMIC LTD - MINATO-KU, TOKYO

Primary Use

:

Office & Administration facilities

Address

:

Akasaka Omotemachi Bldg 4-8-19 Akasaka, Minato-ku, Tokyo 1070052

Country

:

Japan

Status

:

Operational

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.66.38

UK Pound

1

Rs.100.45

Euro

1

Rs.70.55

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

ANK

 

 

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.