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Report Date : |
26.05.2012 |
IDENTIFICATION DETAILS
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Name : |
DAIBO COMPANY LTD |
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Registered Office : |
Homei Bldg 4F, 1-40
Kanda-Jimbocho Chiyodaku |
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Country : |
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Financials (as on) : |
31.05.2011 |
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Date of Incorporation : |
June
1969 |
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Legal Form : |
Limited Company |
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Line of Business : |
Exporter of paper, paper products |
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No. of Employees : |
07 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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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 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
DAIBO COMPANY LTD
Daibo KK
Homei Bldg 4F, 1-40
Kanda-Jimbocho Chiyodaku Tokyo 101-0051 JAPAN
Tel:
03-3291-5526 Fax: 03-3291-9475
URL: Nil
Export
of paper, paper products
Chiba
(3)
Minoru
Uchida, ch
TAKASHI UCHIDA, PRES
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 1,166 M
PAYMENTS No
Complaints CAPITAL Yen 10 M
TREND SLOW WORTH Yen 47 M
STARTED 1969 EMPLOYES 7
EXPORTER
OF PAPER & PAPER PRODUCTS
FINANCIAL SITUATION CONSIDERED FAIR
AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
The subject company was established by Minoru Uchida in order to make
most of his experience in the subject line of business. Takashi is his son, who took the pres office
in Jul 2005. This is a family-based
trader, owned & operated essentially by the Uchida family, specializing in
export of paper & paper products.
Export destinations are centrally S/E Asia, Korea, other,
The sales volume for May/2011 fiscal term amounted to Yen 1,166 million,
a 16% down from Yen 1,396 million in the previous term. Exports decreased substantially because of a
decline in demand and the steep rise of the Yen, which hurt export revenues
& profits in Yen terms. The
recurring profit was posted at Yen 1 million and the net profit at Yen 1
million, respectively, compared with Yen 11million recurring profit and Yen 5
million net profit, respectively, a year ago.
For the current term ending May 2012 the recurring profit is projected
at Yen 2 million and the net profit at Yen 2 million, respectively, on a 2%
rise in turnover, to Yen 1,190 million.
Higher Yen will continue hurting earnings & profits in Yen
terms. Demand is seen still slow.
The financial situation is considered maintained FAIR and good for
ORDINARY business engagements.
Date Registered: Jun 1969
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 80,000
shares
Issued: 20,000 shares
Sum: Yen 10
million
Major shareholders (%): Takashi Uchida (50), Buffy*
(30), Minoru Uchida (10), Yoshiko Yamada (10)
* Holding company
owned by the Uchida family
No. of shareholders: 4
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Exports paper,
paper board, cellophane, wrapping paper, other paper products (--100%)
Clients: [Mfrs,
wholesalers] Exports to: Thailand (30%), Taiwan (15%), Hong Kong (10%), Korea
(10%), Singapore, Indonesia, other
No. of accounts: Unavailable
Domestic areas of activities:
Centered in greater-Tokyo
Suppliers [Paper mills,
wholesalers] Daio Paper Corp, Oji Trading Co, NP Trading, Ohta Paper Sales,
Nippon Paper Papylia, other
Payment record: No
Complaints
Location:
Business area in Tokyo. Office premises at
the caption address are leased and maintained satisfactorily.
Bank References:
Mizuho
Bank (Kudan)
MUFG
(Jimbocho)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/05/2012 |
31/05/2011 |
31/05/2010 |
31/05/2009 |
|
|
Annual
Sales |
|
1,190 |
1,166 |
1,396 |
1,985 |
|
Recur.
Profit |
|
2 |
1 |
11 |
4 |
|
Net
Profit |
|
2 |
1 |
5 |
3 |
|
Total
Assets |
|
|
290 |
421 |
328 |
|
Current
Assets |
|
|
88 |
220 |
124 |
|
Current
Liabs |
|
|
128 |
279 |
199 |
|
Net
Worth |
|
|
47 |
47 |
41 |
|
Capital,
Paid-Up |
|
|
10 |
10 |
10 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
2.06 |
-16.48 |
-29.67 |
-26.56 |
|
|
Current Ratio |
|
.. |
68.75 |
78.85 |
62.31 |
|
N.Worth Ratio |
.. |
16.21 |
11.16 |
12.50 |
|
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R.Profit/Sales |
|
0.17 |
0.09 |
0.79 |
0.20 |
|
N.Profit/Sales |
0.17 |
0.09 |
0.36 |
0.15 |
|
|
Return On Equity |
.. |
2.13 |
10.64 |
7.32 |
|
Notes:
Forecast (or estimated) figures for the 31/05/2012 fiscal term
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.73 |
|
UK Pound |
1 |
Rs.87.26 |
|
Euro |
1 |
Rs.69.84 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.