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Report No. : |
344540 |
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Report Date : |
10.10.2015 |
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 : |
Japan |
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Financials (as on) : |
31.03.2015 |
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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 : |
Manufacturer of Test Reagents,
Pharmaceuticals, Industrial Chemicals. |
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No. of Employee : |
235 |
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 : |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 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.
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Source
: CIA |
OSAKA SYNTHETIC CHEMICAL LABORATORIES INC
KK Osaka Gosei
Yuki Kagaku Kenkyusho
1-1-2 Nishinomiyahama Nishinomiya Hyogo-Pref
662-0934 JAPAN
Tel:
0798-22-5840 Fax: 0798-22-5845
E-Mail
address: (thru the URL)
Mfg of
test reagents, pharmaceuticals, industrial chemicals
Nil
Hyogo
(3), Okayama
KOICHI
SASAMOTO, PRES Yasuaki Matsumura,
s/mgn dir
Masao
Okuta, mgn dir Akitoshi
Ando, dir
Shingo
Matsumoto, dir Hitoshi
Yahara, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 5,800 M
PAYMENTSREGULAR CAPITAL Yen
35 M
TREND UP WORTH Yen 2,325 M
STARTED 1981 EMPLOYES 235
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/2015 fiscal term amounted to Yen 5,800 million, a 21% up
from Yen 4,800 million in the previous term.
Pharmaceuticals, particularly reagents, sold well. The net profit was posted at Yen 616 million,
compared with Yen 531 million a year ago.
For
the current term ending Mar 2016 the net profit is projected at Yen 635
million, on a 5% rise in turnover, to Yen 6,100 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 552,189 million, operating profit Yen 24,635 million,
recurring profit Yen 24,752 million, net profit Yen 18,023 million, total
assets Yen 557,962 million, net worth
Yen 298,260 million, employees 8,529, 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)
|
Terms Ending: |
|
31/03/2016 |
31/03/2015 |
31/03/2014 |
31/03/2013 |
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Annual
Sales |
|
6,100 |
5,800 |
4,800 |
3,737 |
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Recur.
Profit |
|
.. |
|
.. |
.. |
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Net
Profit |
|
635 |
616 |
531 |
227 |
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Total
Assets |
|
|
6,205 |
4,860 |
4,623 |
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Net
Worth |
|
|
2,585 |
2,234 |
1,862 |
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Capital,
Paid-Up |
|
|
35 |
35 |
35 |
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Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
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<Analytical Data> |
|
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
|
5.17 |
20.83 |
28.45 |
21.06 |
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Current Ratio |
|
|
.. |
.. |
.. |
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N.Worth Ratio |
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41.66 |
45.97 |
40.28 |
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N.Profit/Sales |
|
10.41 |
10.62 |
11.06 |
6.07 |
Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/03/2016 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.78 |
|
|
1 |
Rs.99.54 |
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Euro |
1 |
Rs.73.08 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
NIT |
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.