MIRA INFORM REPORT
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Report No. : |
338718 |
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Report Date : |
14.09.2015 |
IDENTIFICATION DETAILS
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Name : |
CHEMITOX INC |
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Registered Office : |
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Country : |
Japan |
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Financials (as on) : |
2014 |
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Date of Incorporation : |
September, 1975 |
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Legal Form : |
Private Limited |
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Line of Business : |
Service Provider of Testing Services. |
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No. of Employees : |
60 |
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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Maximum Credit Limit : |
2450000 Yen |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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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
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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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 |
Company
name and address
CHEMITOX INC
TEL: 81-3-3727-7111 FAX: 81-3-3728-1710
EXECUTIVE
SUMMARY
INCORPORATION DATE : SEPTEMBER 1975
REGISTRATION NO. : N/A
CHIEF EXECUTIVE : KUNIKO ITO
(PRESIDENT)
STAFF STRENGTH : 60
PAID-UP CAPITAL : JPY
49,000,000 [2014]
BUSINESS LINE : SERVICE
PROVIDER
TURNOVER : JPY
EQUITIES :
N/A
PAYMENT :
SLOW BUT CORRECT
MARKET CONDITION : ACTIVE
FINANCIAL CONDITION
: N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION : SATISFACTORY
EXCHANGE RATE : JPY 120.536 =
US$1
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired
by you)
NA - not available
M - million
JPY-Japan JPY
REGD NAME
CHEMITOX INC
REGISTRATION
Date of
incorporation: SEPTEMBER, 1975
Status: Active
Legal Status: Private Limited
LOCATION
Head Office
Branch
Yamanashi Testing
Center
18349 Egusa,
Sutama-cho, Hokuto-shi, Yamanashi 408-0103, Japan
Tel: +81-551-42-5061
Fax:
+81-551-20-6335
Yamagata Testing
Center
Shinjyo Yokoneyama
Industrial Complex 4102-8, Takadai Shinden, Izumita, Shinjo-shi, Yamagata,
999-5103, Japan
Tel:
+81-233-25-2011
Fax:
+81-233-25-2782
Factory N/A
Warehouse N/A
The design is
professional and the content is well organized. At present it is in Japanese
and English versions.
E-mail: info@chemitox.co.jp
For the past two
years there is no record of litigation.
No ownership information is available in our
database.
DIRECTORS
Name Mr. Kuniko Ito
Designation President
Nationality Japanese
Name Mr. Kohichi Nakayama
Designation CEO
Nationality Japanese
Name Mr. Kiyohiko
Sakamoto
Designation Director
Nationality Japanese
LINE OF BUSINESS
Service Provider of Testing Services
RANGE OF PRODUCTS
v Photovoltaic Modules Evaluation/Testing
v Qualification (A2LA Certification)
v Translation / Interpretation Services
v Application Processing Services
v UL CAP Evaluation
v PWB Reliability Evaluation
v RoHS Environmental Analysis
v Product Safety Test
v Weathering Test
v Other Tests
Terms of Purchase
Local : Cash or
Credit
Import : Against L/C
Terms of Sale
Local : Cash or Credit
Export : Against L/C
Export Market
Global
CERTIFICATIONS
N/A
The SC is not known to have any related companies.
FINANCES
|
Year |
2014 |
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Capital |
49,000,000 Yen |
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Sales |
138 million yen |
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Profit |
N/A |
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Assets |
N/A |
Note: The subject flatly refused to reveal their financial
information.
No banker
information is available in our database.
SC is considered
large-sized in its line with a long development history. Company can be considered
good for normal business dealings at usual trade terms and conditions. Due to
lack of financial statements, we are unable to determine the maximum credit
limit for SC.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
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US Dollar |
1 |
Rs.66.39 |
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1 |
Rs.102.59 |
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Euro |
1 |
Rs.74.90 |
INFORMATION DETAILS
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Analysis Done by
: |
KAS |
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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 |
-- |
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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.