MIRA INFORM REPORT

 

Report No. :

334990.2

Report Date :

25.09.2015

 

 

IDENTIFICATION DETAILS

 

Name :

ARCHROMA JAPAN KK

 

 

Registered Office :

Honmachi Cross Bldg 3F, 3-1-8 Minami-Kyuhojimachi Chuoku Osaka 541-0058

 

 

Country :

Japan

 

 

Financials (as on) :

30.09.2014

 

 

Date of Incorporation :

April 2013

 

 

Com. Reg. No.:

1200-01-176669 (Osaka-Chuoku)

 

 

Legal Form :

Limited Company (Kabushiki Kaisha)

 

 

Line of Business :

Imports, exports and wholesales industrial chemicals: dyestuffs, pigments, other (--100%)

 

 

No. of Employee :

21

 

 

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 :

Satisfactory

 

 

Payment Behaviour :

Slow but correct

 

 

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

 

 

COMPANY NAME AND ADDRESS

 

ARCHROMA JAPAN KK

 

REGD NAME:               Archroma Japan KK

MAIN OFFICE:              Honmachi Cross Bldg 3F, 3-1-8 Minami-Kyuhojimachi Chuoku Osaka 541-0058

                                                JAPAN

                                                Tel: 06-6251-6516      Fax: 06-6251-6520

 

URL:                             N/A

 

 

ACTIVITIES

 

Import, export, wholesale of dyestuffs, pigments, industrial chemicals, other

 

 

BRANCHES

 

Shizuoka (Technical center)

 

 

OVERSEAS

 

China, Indonesia, other

 

 

OFFICERS

 

YOSHIAKI YAMAGUCHI, PRES

                       

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY

 

FINANCES        FAIR                                         A/SALES          Yen 4,800 M

PAYMENTSSLOW BUT CORRECT                     CAPITAL           Yen 135 M

TREND STEADY                                   WORTH            Yen 600 M       

STARTED         2013                                         EMPLOYES      21

 

 

COMMENT

 

TRADING FIRM SPECIAIZING IN INDUSTRIAL CHEMICALS.

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

                       

 

HIGHLIGHTS

           

The subject company was established by the private investment company, SK Capital (USA), as a trading firm handling industrial chemicals.  The firm was transferred dyestuffs/chemicals operations for textiles, paper and metals from Clariant Japan KK (affiliated to Sud Chemie, Germany) on 01/Oct/2013 and started the operations since then.  The firm imports, exports and wholesales dyestuffs, pigments, other industrial chemicals.  Clients include chemical mfrs, wholesalers, other

 

 

FINANCIAL INFORMATION

           

The sales volume for Sept/2014 fiscal term (initial accounting term) amounted to Yen 4,800 million, with recurring profit at Yen 400 million and the net profit at Yen 300 million.

 

For the current term ending Sept 2015 the net profit is projected at Yen 320 million, on a 5% rise in turnover, to Yen 5,050 million.

 

The financial situation is considered FAIR and good for ORDINARY business engagements. 

 

 

REGISTRATION

  

Date Registered:                       Apr 2013

Regd No.:                                 1200-01-176669 (Osaka-Chuoku)

Legal Status:                Limited Company (Kabushiki Kaisha)

Authorized:                  100 shares

Issued:                         18 shares

Sum:                            Yen 135 million

 

Major shareholders (%): SK Spice Holdings SARL* (100)

                          *.. Holding company

 

Nothing detrimental is known as to the commercial morality of executives.

 

 

OPERATION

 

Activities: Imports, exports and wholesales industrial chemicals: dyestuffs, pigments, other (--100%)

 

Clients: [Mfrs, wholesalers] OG Corp, OG Nagase Color Chemical, Nishino Kinryo Corp, Miki & Co, other 

            No. of accounts: 350

            Domestic areas of activities: Nationwide

Suppliers: [Mfrs, wholesalers] Archroma Chemicals (China) Ltd, PT Archroma Indonesia, other

 

Payment record: Slow But Correct

 

Location: Business area in Osaka.  Office premises at the caption address are leased and maintained satisfactorily.

 

Bank References:

SMBC (Osaka)

Relations: Satisfactory

 

 

FINANCES

 

(In Million Yen)

Terms Ending:

　

30/09/2015

30/09/2014

Annual Sales

　

5,050

4,800

Recur. Profit

　

　

400

Net Profit

　

320

300

Total Assets

　

　

2,600

Net Worth

　

　

600

Capital, Paid-Up

　

　

135

Div.P.Share(¥)

　

　

0.00

<Analytical Data>

　

(%)

(%)

    S.Growth Rate

　

5.21

- - -

    Current Ratio

　

　

..

    N.Worth Ratio

　

　

23.08

    N.Profit/Sales

　

6.34

6.25

 

Notes: The 30/09/2014 is the initial accounting term since inception of the firm.

 

Forecast (or estimated) figures for the 30/09/2015 fiscal term.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.66.10

UK Pound

1

Rs.100.89

Euro

1

Rs.73.96

 

 

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.