MIRA INFORM REPORT
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Report Date : |
30.06.2011 |
IDENTIFICATION DETAILS
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Name : |
NP TRADING CO LTD |
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Registered Office : |
1-2-2
Hitotsubashi Chiyodaku |
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Country : |
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Financials (as on) : |
31.03.2010 |
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Date of Incorporation : |
July 1979 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, Export, Wholesale of pulp & paper, paper
products |
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 : |
Yen 2,212.1 Million |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Regular |
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Litigation : |
---- |
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 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Japan |
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
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 |
Company name
NP TRADING CO LTD
REGD NAME
MAIN OFFICE
1-2-2 Hitotsubashi
Chiyodaku
Tel:
03-6665-7032 Fax: 03-3217-3221
URL: www.np-t.co.jp
E-mail: info-general@np-t.co.jp
ACTIVITIES
Import,
export, wholesale of pulp & paper, paper products
BRANCHES
OVERSEAS
OFFICER(S)
KYOICHI
FUJIKAWA, PRES Masao
Kiuchi, s/mgn dir
Yoshihiro
Saitoh, mgn dir Takeshi
Tamatani, mgn dir
Kenzo Nakayama,
mgn dir Masaya
Kawahara, mgn dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 244,872 M
PAYMENTS REGULAR CAPITAL Yen
1,000 M
TREND SLOW WORTH Yen
12,644 M
STARTED 1979 EMPLOYES 474
COMMENT
TRADING
FIRM SPECIALIZING IN PULP & PAPER, OWNED BY NIPPON PAPER GROUP.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
MAX
CREDIT LIMIT: YEN 2,212.1 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject
company was established as Jujo Shoji Co Ltd for handling paper products for
local, import and export. In Apr 2004
merged with San-Mic Chiyoda Co Ltd, and in Apr 2006 merged with Komine Nissho
Co Ltd and renamed as captioned. Further
in Oct 2007, merged with Mantsune Corporation.
This is a general trading company, owned by Nippon Paper Group (See REGISTRATION), specializing in import,
export and wholesale of printing paper, functional paper, newsprint, packaging
materials, other paper products (For details see OPERATION). Clients are
major paper mills, specialized wholesalers, etc, nationwide. Goods are both imported and exported. Has 5 overseas subsidiaries:
FINANCIAL INFORMATION
The
sales volume for Mar/2010 fiscal term amounted to Yen 244,872 million, a 15%
down from Yen 287,416 million in the previous term, as affected by the global
economic downturn. Exports decreased
substantially because of a decline in demand and the appreciation of the
Yen. Furthermore, amid a sharp
deterioration in corporate earnings, capital expenditure fell significantly,
and consumer spending became sluggish.
The recurring profit was posted at Yen 1,648 million and the net profit
at Yen 1,088 million, respectively, compared with Yen 2,493 million recurring
profit and Yen 989 million net profit, respectively, a year ago.
For
the current term ending Mar 2011 the recurring profit is projected at Yen 1,700
million and the net profit at yen 1,090 million, respectively, on a 2% up in
turnover, to Yen 250,000 million.
Overseas sales may expand, thanks to the full-term contribution of
parent’s subsidiary in
The
financial situation is considered FAIR and good for ORDINARY business
engagements. Max credit limit is
estimated at Yen 2,212.1 million, on 30 days normal terms.
REGISTRATION
Date Registered: July
1979
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 8 million shares
Issued: 2 million shares
Sum: Yen 1,000 million
Major shareholders (%):
Nippon Paper Group Inc* (100)
* Holding company formed in Mar 2001 via business combination between Nippon Paper Ind and Daishawa Paper Mfg, one of 2 largest paper makers in rivalry with Oji Paper, founded 2001, listed Tokyo, Osaka, Nagoya S/E’s, capital Yen 55,730 million, sales Yen 1,095,233 million, operating profit Yen 43,139 million, recurring profit Yen 37,547, net profit Yen 30,050 million, total assets Yen 1,500,246 million, net worth Yen 459,978 million, employees 14,458, pres Yoshio Haga
Nothing detrimental is known as
to the commercial morality of executives.
OPERATION
Activities: A trading house for import, export
& wholesale of pulp & paper (78%), food additives, machinery, other
(22%).
Overseas trading ratio (8%)
(Handling items):
General Paper: Wood free paper, coated paper,1/S
coated art paper, LWC, wrapping paper, tissue paper, colored wood free paper,
MG poster paper, cast coated paper;
Functional Paper: ink jet printer paper, function paper,
carbonless copy paper, label paper, clean paper, thermal paper, interleaving
paper, photocatalystic coated paper, oil blotting paper, oil resistant paper,
cloth paper for diary, water soluble paper;
Industrial Paper: bleached Kraft paper, wall paper,
battery separator, release paper, cup stock, decorated paper;
Paperboard: Kraft liner board, corrugated medium,
coated duplex board, chip board, coated ivory board, coated cardboard;
Newsprint Paper:
Newsprint paper, telephone
directory;
Paper for Cigarette: rice paper, tipping paper, plug
wrapping paper;
Fancy Paper: variety of fancy paper, colored Kraft paper,
aluminum evap0orated paper;
Paints, Ink, Adhesive Materials, Food Additives, Machinery, Film,
Aluminum Foil & related products, tapes, Food for fish, Pulp, Waste Paper,
other.
Clients:
[Paper mills, wholesalers] Nippon Paper Ind, Toppan Forms, Kyodo Paper
Holdings, Ricoh Co, Otsuka Corp, Lintec Corp, Riso Kagaku Corp, other
No. of
accounts: 1,000
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Nippon Paper Ind,
Lintec Corp, Nippon Paper Chemical Ind, Futamura Chemical, Oji Paper, Nippon
Daishowa Paperboard, Mitsubishi Corp, other
Payment record:
Regular
Location:
Business area in
Bank References:
SMBC
(H/O)
MUFG
(Yaesudori)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
31/03/2011 |
31/03/2010 |
31/03/2009 |
31/03/2008 |
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Annual
Sales |
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250,000 |
244,872 |
287,416 |
277,604 |
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Recur.
Profit |
|
1,700 |
1,648 |
2,493 |
2,859 |
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Net
Profit |
|
1,090 |
1,088 |
989 |
2,146 |
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Total
Assets |
|
|
112,993 |
116,564 |
142,030 |
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Current
Assets |
|
|
94,110 |
97,483 |
120,376 |
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Current
Liabs |
|
|
97,086 |
102,363 |
127,222 |
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Net
Worth |
|
|
12,644 |
11,164 |
11,852 |
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Capital,
Paid-Up |
|
|
1,000 |
1,000 |
1,000 |
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Div.P.Share(¥) |
|
|
15.00 |
32.10 |
23.10 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth
Rate |
2.09 |
-14.80 |
3.53 |
19.03 |
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Current
Ratio |
|
.. |
96.93 |
95.23 |
94.62 |
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N.Worth
Ratio |
.. |
11.19 |
9.58 |
8.34 |
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R.Profit/Sales |
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0.68 |
0.67 |
0.87 |
1.03 |
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N.Profit/Sales |
0.44 |
0.44 |
0.34 |
0.77 |
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Return
On Equity |
.. |
8.60 |
8.86 |
18.11 |
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Notes:
Forecast (or estimated) figures for the 31/03/2011 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.94 |
|
|
1 |
Rs.71.91 |
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Euro |
1 |
Rs.64.60 |
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 |
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.