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Report No. : |
340931 |
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Report Date : |
11.09.2015 |
IDENTIFICATION DETAILS
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Name : |
CONSTRUE CHEMICAL CO LTD |
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Registered Office : |
Fujii Daiichi Bldg 4F, 2-18-14 Iwamotocho Chiyodaku Tokyo 101-0032 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2014 |
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Date of Incorporation : |
April 2011 |
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Com. Reg. No.: |
0100-01-139801 (Tokyo-Chiyodaku) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Imports, exports and wholesales industrial chemicals: solvents, functional chemicals, functional monomers, other (--100%) |
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No. of Employees : |
5 |
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 |
COMPANY NAME
CONSTRUE CHEMICAL CO LTD
REGD NAME
Construe Chemical KK
MAIN OFFICE
Fujii Daiichi Bldg
4F, 2-18-14 Iwamotocho Chiyodaku Tokyo 101-0032 JAPAN
Tel: 03-5809-3490 Fax: 03-5809-3491
URL
E-Mail
address: (thru the URL)
ACTIVITIES
Import,
export & wholesale of industrial chemicals
BRANCHES
Nil
OFFICERS
MICHIAKI
TAKAHASHI, PRES
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 169 M
PAYMENTSSLOW BUT CORRECT CAPITAL Yen 15 M
TREND SLOW WORTH Yen 19 M
STARTED 2011 EMPLOYES 5
COMMENT
TRADING FIRM SPECIALIZING IN
INDUSTRIAL CHEMICALS.
FINANCIAL SITUATION CONSIDERED
RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: ESTIMATED AT YEN 3.0 MILLION, ON 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company was established by Michiaki Takahashi as
a trading firm specializing in industrial chemicals (solvents, functional
materials, other). Goods are imported
and exported. Clients include solvent mfrs,
wholesalers, other
FINANCIAL INFORMATION
The sales volume for Mar/2015 fiscal term amounted to Yen
169 million, a 52% down from
Yen 353 million in the previous term. Demand shrunk and affected by the foreign
currency fluctuations. The net profit
was posted at Yen 1 million, compared with Yen 13 million recurring profit and
Yen 9 million net profit, respectively, a year ago.
For the current term ending Mar 2016 the net profit is
projected at Yen 5 million, on a 5% rise in turnover, to Yen 177 million.
The financial situation is considered RATHER WEAK but should
be good for MODERATE business engagements.
Max credit limit is estimated at Yen 3.0 million, on 30 days normal
terms.
REGISTRATION
Date Registered: Apr 2011
Regd No.: 0100-01-139801 (Tokyo-Chiyodaku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
1,200 shares
Issued:
300 shares
Sum: Yen 15 million
Major shareholders (%): Michiaki Takahashi (100)
Nothing
detrimental is known as to his commercial morality.
OPERATION
Activities: Imports, exports and wholesales
industrial chemicals: solvents, functional chemicals, functional monomers,
other (--100%)
Clients: Chemical mfrs, wholesalers, other
No. of
accounts: 200
Domestic
areas of activities: Centered in the greater-Tokyo
Suppliers: Chemical mfrs, wholesalers, other
Payment record: Slow
but correct
Location:
Business area in Tokyo. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References:
SMBC (Ningyocho)
Bank of Yokohama
(Hiratsuka)
Relations: Money
deposits & transfers only
FINANCES
(In Million Yen)
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Terms Ending: |
31/03/2015 |
31/03/2014 |
31/03/2013 |
31/03/2012 |
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Annual
Sales |
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169 |
353 |
298 |
135 |
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Recur.
Profit |
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1 |
13 |
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Net
Profit |
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1 |
1 |
9 |
2 |
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Total
Assets |
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76 |
96 |
42 |
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Current
Assets |
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65 |
85 |
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Current
Liabs |
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23 |
57 |
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Net
Worth |
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19 |
18 |
8 |
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Capital,
Paid-Up |
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15 |
15 |
15 |
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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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-52.12 |
18.46 |
120.74 |
.. |
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Current Ratio |
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282.61 |
149.12 |
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N.Worth Ratio |
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25.00 |
18.75 |
19.05 |
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R.Profit/Sales |
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.. |
0.28 |
4.36 |
.. |
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N.Profit/Sales |
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0.59 |
0.28 |
3.02 |
1.48 |
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Return On Equity |
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.. |
5.26 |
50.00 |
.. |
Notes: Financials are only partially disclosed. The 31/03/2012 is the initial accounting term
since inception of the firm.
Resulted figures for the 31/03/2015 fiscal term (This is the
only disclosed figures for the 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.