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MIRA INFORM REPORT
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Report No. : |
516639 |
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Report Date : |
25.06.2018 |
IDENTIFICATION DETAILS
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Name : |
BASF JAPAN LTD |
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Registered Office : |
Roppongi Hills Mori Tower 21F, 6-10-1 Roppongi Minatoku Tokyo 106-0032 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2017 |
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Date of Incorporation : |
Oct., 1949 |
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Com. Reg. No.: |
0104-01-084004 (Tokyo-Minatoku) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import and export of chemicals, plastics & fiber,
colorants, health foods |
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No. of Employees : |
1,167 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A+ |
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Credit Rating |
Explanation |
Rating Comments |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Status : |
Excellent |
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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
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Country Name |
Previous Rating (31.12.2017) |
Current Rating (01.04.2018) |
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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 Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
JAPAN - ECONOMIC OVERVIEW
Over the past 70 years, government-industry cooperation, a strong work ethic, mastery of high technology, and a comparatively small defense allocation (slightly less than 1% of GDP) have helped Japan develop an advanced economy. Two notable characteristics of the post-World War II 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 have significantly eroded under the dual pressures of global competition and domestic demographic change.
Measured on a purchasing power parity basis that adjusts for price differences, Japan in 2017 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. For three postwar decades, overall real economic growth was impressive - averaging 10% in the 1960s, 5% in the 1970s, and 4% in the 1980s. Growth slowed markedly in the 1990s, averaging just 1.7%, largely because of the aftereffects of inefficient investment and the collapse of an asset price bubble in the late 1980s, which resulted in several years of economic stagnation as firms sought to reduce excess debt, capital, and labor. Modest economic growth continued after 2000, but the economy has fallen into recession four times since 2008.
Japan enjoyed an uptick in growth since 2013, supported by Prime Minister Shinzo ABE’s “Three Arrows” economic revitalization agenda - dubbed “Abenomics” - of monetary easing, “flexible” fiscal policy, and structural reform. Led by the Bank of Japan’s aggressive monetary easing, Japan is making modest progress in ending deflation, but demographic decline – a low birthrate and an aging, shrinking population – poses a major long-term challenge for the economy. The government currently faces the quandary of balancing its efforts to stimulate growth and institute economic reforms with the need to address its sizable public debt, which stands at 235% of GDP. To help raise government revenue, Japan adopted legislation in 2012 to gradually raise the consumption tax rate. However, the first such increase, in April 2014, led to a sharp contraction, so Prime Minister ABE has twice postponed the next increase, which is now scheduled for October 2019. Structural reforms to unlock productivity are seen as central to strengthening the economy in the long-run.
Scarce in critical natural resources, Japan has long been dependent on imported energy and raw materials. After the complete shutdown of Japan’s nuclear reactors following the earthquake and tsunami disaster in 2011, Japan's industrial sector has become even more dependent than before on imported fossil fuels. However, ABE’s government is seeking to restart nuclear power plants that meet strict new safety standards and is emphasizing nuclear energy’s importance as a base-load electricity source. In August 2015, Japan successfully restarted one nuclear reactor at the Sendai Nuclear Power Plant in Kagoshima prefecture, and several other reactors around the country have since resumed operations; however, opposition from local governments has delayed several more restarts that remain pending. Reforms of the electricity and gas sectors, including full liberalization of Japan’s energy market in April 2016 and gas market in April 2017, constitute an important part of Prime Minister Abe’s economic program.
Under the Abe Administration, Japan’s government sought to open the country’s economy to greater foreign competition and create new export opportunities for Japanese businesses, including by joining 11 trading partners in the Trans-Pacific Partnership (TPP). Japan became the first country to ratify the TPP in December 2016, but the United States signaled its withdrawal from the agreement in January 2017. In November 2017 the remaining 11 countries agreed on the core elements of a modified agreement, which they renamed the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Japan also reached agreement with the European Union on an Economic Partnership Agreement in July 2017, and is likely seek to ratify both agreements in the Diet this year.
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Source
: CIA |
Company
name and address
BASF JAPAN LTD
REGD NAME: BASF
Japan KK
MAIN OFFICE: Roppongi
Hills Mori Tower 21F, 6-10-1 Roppongi Minatoku Tokyo 106-0032 JAPAN
Tel:
03-3796-5111 Fax: 03-3796-4111
URL: http://www.basf.japan.co.jp
E-mail: info@basf.japan.co.jp
ACTIVITIES
Import,
export of chemicals, plastics & fiber, colorants, health foods
BRANCHES
Osaka,
Nagoya, Kawasaki, other (Tot 7)
FACTORIES
Yokkaichi,
Koriyama, Ibaraki, other (Tot 6)
OFFICERS
GOERG-CHRISTIAN
STECK, PRES
Yasuhiro
Suda, rep dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 145,011 M
PAYMENTS REGULAR CAPITAL Yen 7,080 M
TREND SLOW WORTH Yen
23,113 M
STARTED 1949 EMPLOYES 1,167
COMMENT
TRADING
HOUSE SPECIALIZING IN CHEMICALS & PLASTICS, WHOLLY OWNED BY BASF AG.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
HIGHLIGHTS
The
subject company was established as a marketing arm in Japan by BASF AG,
Germany. The firm specializes in import
and export of chemicals, plastics, performance products (coatings, dispersion,
pigment & specialty chemicals) agricultural products & nutrition (See OPERATION). The firm has mfg division with 6 factories
(JV’s with Japanese oil/chemical mfrs) operated specializing in chemicals,
pigments, medicals, other. Clients
include chemical mfrs, genera trading houses, other
FINANCIAL
INFORMATION
The
sales volume for Dec/2016 fiscal term amounted to Yen 145,011 million, a 2%
down from Yen 147,997 million in the previous term. The recurring profit was posted at Yen 6,747
million and the net profit at Yen 5,615 million, respectively, compared with Yen
4,197 million recurring profit and Yen 2,650 million net profit, respectively,
a year ago.
For
the term that ended Dec 2017 the recurring profit is projected at Yen 6,800
million and the net profit at Yen 5,800 million, respectively, on a 4% rise in
turnover, to Yen 149,360 million. Final
results are yet to be released.
The
financial situation is considered FAIR and good for ORDINARY business
engagements.
REGISTRATION
Date
Registered: Oct 1949
Regd
No.: 0104-01-084004
(Tokyo-Minatoku)
Legal
Status: Limited
Company (Kabushiki Kaisha)
Authorized: 56.64 million shares
Issued:
14.16 million shares
Sum:
Yen
7,080 million
Major
shareholders (%): BASF AG, Netherland (100)
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Manufactures, imports, exports and
wholesales industrial chemicals: pigments, dyestuffs, synthetic resins,
medicals, food additives, germicides, other (--100%):
Clients:
[Mfrs, wholesalers] Toyota Tsusho Corp, Nagase & Co, Watanabe Chemical,
YamamotoTrading, Asahi Kasei Fibers Corp, Sumitomo Chemical, Taiheiyo Cement,
Nissan Motor, Zen-Noh Corp, other.
Exports to S/E Asia, other.
No. of accounts: 350
Domestic areas of activities:
Nationwide
Suppliers: [Mfrs, wholesalers] Supplied from BASF
and its group firms, BASF S/East Asia, other.
Domestically, Mitsubishi
Chemical, other
Payment record: Regular
Location:
Business area in Tokyo. Office premises at the caption address are leased and
maintained satisfactorily.
Bank References:
MUFG
(Kojimachi)
Mizuho
Bank (Akasaka)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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31/12/2017 |
31/12/2016 |
31/12/2015 |
31/12/2014 |
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Annual
Sales |
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149,360 |
145,011 |
147,997 |
150,796 |
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Recur.
Profit |
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6,800 |
6,747 |
4,197 |
6,383 |
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Net
Profit |
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5,800 |
5,615 |
2,650 |
4,135 |
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Total
Assets |
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92,030 |
92,939 |
85,077 |
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Net
Worth |
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23,113 |
39,550 |
36,828 |
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Capital,
Paid-Up |
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7,080 |
7,080 |
7,080 |
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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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3.00 |
-2.02 |
-1.86 |
7.26 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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25.11 |
42.55 |
43.29 |
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N.Profit/Sales |
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3.88 |
3.87 |
1.79 |
2.74 |
Notes:
Forecast (or estimated) for the 31/12/2017 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 67.77 |
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1 |
INR 89.96 |
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Euro |
1 |
INR 78.86 |
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Yen |
1 |
INR 0.62 |
Note:
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low risk
of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably on
secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the business
is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
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Company
background and operations size
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Promoters
/ Management background
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Payment
record
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Litigation
against the subject
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Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.