MIRA
INFORM REPORT
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Report Date : |
31st
January, 2007 |
IDENTIFICATION
DETAILS
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Name : |
GREENPACKS
CORPORATION |
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Registered Office : |
Sunhayato
Bldg Annex 3F, 3-40-10 Minami-Otsuka Toshimaku Tokyo 170-0005, Japan. |
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Country : |
Japan |
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Date of Incorporation : |
November
2005 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, wholesale of plastic films & packaging materials |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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Status : |
New
Company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company Name
GREENPACKS
CORPORATION
REGD NAME
KK Green
Packs
MAIN OFFICE
Sunhayato
Bldg Annex 3F, 3-40-10 Minami-Otsuka Toshimaku Tokyo 170-0005 JAPAN
Tel : 03-5396-8851
Fax : 03-5396-8852
URL : http://www.greenpacks-corp.com/
E-Mail address :
info@greenpacks-corp.com
ACTIVITIES
Import, wholesale of plastic films & packaging materials
BRANCHES
Nil
FACTORY(IES)
(subcontracted)
OFFICER(S)
KUNITAKE KOBAYASHI, PRES
Kunihiro Kobayashi, dir
Keigo Shima, dir
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES UNDETD A/SALES Yen 500 M*
PAYMENTS REGULAR CAPITAL Yen 91 M
TREND UNDETD WORTH Yen 91 M**
STARTED 2005 EMPLOYES 3
*.. Sales targets only. **..
Expressed in the paid-up capital
COMMENT
TRADING HOUSE FOR IMPORT & WHOLESALE OF PACKAGING
MATERIALS. FINANCIAL SITUATION
UNDETERMINED DUE TO THE RECENT INCEPTION PRIOR TO THE FIRST-YEAR BUSINESS
RESULTS MADE AVAILABLE.
MAX CREDIT LIMIT: UNABLE TO BE ASSESSED IN THE ABSENCE OF PROVEN
BUSINESS. HOWEVER, TRANSACTIONS ON L/C TERMS ARE RECOMMENDED OR ON FULLY
SECURED TERMS.
HIGHLIGHTS
The subject company was established by Kunitake Kobayashi in order
to make effective use of his 37 years’ business experience in plastic products
industry, starting with Mitsubishi Chemical Corporation (17 years), and after
working with two firms, with Mitsubishi Shoji Plastics Corp (where he
controlled import/wholesale of PE film products) immediately prior to the setting-up
of the new company. Kunihiro is his
son, who had served with Sumitomo Corporation until the new firm setting-up. This is a trading firm specializing in
import and wholesale of PE films, packages, bags, synthetic resin raw
materials, medical supplies, other.
Offers technical advice on plastic mfg equipment, plastic products,
other. Actual business operations
started Jan 2006. Goods are supplied
from domestic major plastic mfrs, wholesalers (where the three directors had
served), other. Goods are also imported
from China, etc.
FINANCIAL INFORMATION
The sales volume for the initial accounting term ending Dec 2006
was targeted at Yen 500 million or over.
The figures are estimated to have been achieved. Final results are yet to be produced.
Both the financial situation and business trends are not
determined due to the recent inception but should be good for MODERATE business
engagements. Max credit limit and
credit worthiness are not determined prior to the disclosure of the first-year
business results. Negotiations on L/C
transactions are considered the most advisable terms.
REGISTRATION
Date Registered : Nov 2005
Legal Status :
Limited Company (Kabushiki Kaisha)
Authorized :
7,000 shares
Issued :
1,830 shares
Sum :
Yen 91.5 million
Major shareholders (%)
Kunitake Kobayashi (50), Kunihiro Kobayashi (30), Keigo Shima (20)
No. of shareholders: 3
Nothing detrimental is known as to the commercial morality of
executives.
OPERATION
Activities: Trading house for import and wholesale of (--100%):
PE (Polyethylene) films: shopping film bags,
garbage bags, other film bags:
Synthetic resin raw materials: HDPE, LDPE, LLDPE,
PP, OPP, PS, OPS, EVA, other;
Packaging materials: stretch films,
disposable plastic chopsticks, non-woven bags, PE/PP bands, ruminate films, PET sheet, PET labels, reclosable poly
bags, plastic trays, other;
Sanitary goods & supplies: films for diaper, other sanitary
goods, PE gloves, sanitary films, embossed films & sheets, other Medical
equipment & supplies;
Technical consultancy: Plastic goods mfg
equipment (extruding machines, molding machines, package mfg equipment,
printing machines, packaging equipment, etc), bio-gradable polymers, other.
Clients
[Mfrs, wholesalers] Superbag, Takami Hoso Yohin, Ishimoto Hoso,
Nakagawa Seitai Kako, other.
No. of accounts
100
Domestic areas of activities
Centered in greater-Tokyo
Suppliers
[Mfrs, wholesalers] Mitsubishi Chemical, Mitsubishi Shoji Plastics
Corp, J-Film Corp, other. Also imports
from China, etc.
Payment record
Regular
Location
Business area in Tokyo.
Office premises at the caption address are leased and maintained
satisfactorily.
Bank References
Mizuho Bank (Shinagawa)
Bank of Tokyo-Mitsubishi UFJ (Takatanobaba)
Relations: Money deposits & transfer only
FINANCES
(In Million Yen)
NOT PRODUCED AS YET.
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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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