|
Report Date : |
19.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
NP TRADING CO LTD |
|
|
|
|
Registered Office : |
4-6 Kanda-Surugadai Chiyodaku Tokyo
100-8158 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation : |
July 1979 |
|
|
|
|
Com. Reg. No.: |
0100-01-045983
(Tokyo-Chiyodaku) |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Import, export, wholesale of
pulp & paper, paper products |
|
|
|
|
No. of Employees : |
432 |
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 : |
No Complaints |
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
japan ECONOMIC OVERVIEW
In the years following World War
II, government-industry cooperation, a strong work ethic, mastery of high technology,
and a comparatively small defense allocation (1% of GDP) helped Japan develop a
technologically advanced economy. Two notable characteristics of the post-war
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 are now eroding
under the dual pressures of global competition and domestic demographic change.
Japan's industrial sector is heavily dependent on imported raw materials and
fuels. A small agricultural sector is highly subsidized and protected, with
crop yields among the highest in the world. While self-sufficient in rice
production, Japan imports about 60% of its food on a caloric basis. For three
decades, overall real economic growth had been spectacular - a 10% average in
the 1960s, a 5% average in the 1970s, and a 4% average in the 1980s. Growth
slowed markedly in the 1990s, averaging just 1.7%, largely because of the after
effects of inefficient investment and an asset price bubble in the late 1980s
that required a protracted period of time for firms to reduce excess debt,
capital, and labor. Modest economic growth continued after 2000, but the
economy has fallen into recession three times since 2008. A sharp downturn in
business investment and global demand for Japan's exports in late 2008 pushed
Japan into recession. Government stimulus spending helped the economy recover
in late 2009 and 2010, but the economy contracted again in 2011 as the massive
9.0 magnitude earthquake and the ensuing tsunami in March disrupted
manufacturing. The economy has largely recovered in the two years since the
disaster, but reconstruction in the Tohoku region has been uneven.
Newly-elected Prime Minister Shinzo ABE has declared the economy his
government's top priority; he has pledged to reconsider his predecessor's plan
to permanently close nuclear power plants and is pursuing an economic
revitalization agenda of fiscal stimulus and regulatory reform and has said he
will press the Bank of Japan to loosen monetary policy. Measured on a
purchasing power parity (PPP) basis that adjusts for price differences, Japan
in 2012 stood as the fourth-largest economy in the world after second-place
China, which surpassed Japan in 2001, and third-place India, which edged out
Japan in 2012. The new government will continue a longstanding debate on
restructuring the economy and reining in Japan's huge government debt, which
exceeds 200% of GDP. Persistent deflation, reliance on exports to drive growth,
and an aging and shrinking population are other major long-term challenges for
the economy.
|
Source : CIA |
NP TRADING CO LTD
Nippon Kami Tsusho
KK
4-6 Kanda-Surugadai
Chiyodaku Tokyo 100-8158 JAPAN
Tel:
03-6665-7032 Fax: 03-3217-3221
*.. Moved to the caption address from the former as given
URL: www.np-t.co.jp
E-mail: info-general@np-t.co.jp
Import,
export, wholesale of pulp & paper, paper products
Sapporo, Fuji, Nagoya, Osaka, Tokuyama, Hiroshima, Matsuyama, Fukuoka
Jakarta,
Hong Kong, Kuala Lumpur, China, Singapore, Thailand, Ho Chiminh, Taiwan
KYOICHI
FUJIKAWA, PRES Masaya Kawahara, mgn
dir
Takayuki
Takahashi, mgn dir Junji Teramitsu,
mgn dir
Takeshi
Enatsu, dir Hirohiko Murakami, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 223,338 M
PAYMENTSNo
Complaints CAPITAL Yen
1,000 M
TREND UP WORTH Yen 10,558 M
STARTED 1979 EMPLOYES 432
TRADING FIRM SPECIALIZING IN PULP & PAPER, OWNED BY NIPPON PAPER GROUP.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
The subject company was established originally 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. And 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 8 overseas subsidiaries: Jakarta,
Malaysia, Hong Kong, China, Singapore, Vietnam, Taiwan and Thailand.
The sales volume for Mar/2012 fiscal term amounted to Yen 223,338 million,
a 10% down from Yen 248,920 million in the previous term. The recurring profit was posted at Yen 2,068
million and the net profit at Yen 1,170 million, respectively, compared with
Yen 1,913 million recurring profit and Yen 528 million net profit,
respectively, a year ago.
For the term that ended Mar 2013 the recurring profit was
projected at Yen2,100 million and the net profit at Yen 1,200 million,
respectively, on a 3% rise in turnover, to Yen 230,000 million. Final results are yet to be released.
The financial situation is considered FAIR and good for
ORDINARY business engagements.
Date Registered: July
1979
Regd No.: 0100-01-045983 (Tokyo-Chiyodaku)
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 1,042,436 million, operating profit Yen 36,524 million, recurring
profit Yen 6,057, net loss Yen 41,675 million, total assets Yen 1,527,635
million, net worth Yen 366,652 million, employees 13,373, pres Yoshio Haga
Nothing detrimental is known as
to the commercial morality of executives.
Activities: A trading house
for import, export & wholesale of pulp & paper (80%), food additives,
machinery, other (20%).
Overseas trading
ratio (10%)
(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, Nitto Denko 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, JSR, Arakawa
Chemical Ind, other
Payment record: No
Complaints
Location: Business area in
Tokyo. Office premises at the caption
address are owned by the parent, Nippon Paper Holdings Inc and maintained
satisfactorily.
Bank
References:
· SMBC (H/O)
· MUFG (Yaesudori)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/03/2013 |
31/03/2012 |
31/03/2011 |
31/03/2010 |
|
|
Annual Sales |
|
230,000 |
223,338 |
248,920 |
244,872 |
|
Recur. Profit |
|
2,100 |
2,068 |
1,913 |
1,648 |
|
Net Profit |
|
1,200 |
1,170 |
528 |
1,088 |
|
Total Assets |
|
|
111,752 |
109,276 |
112,993 |
|
Current Assets |
|
|
94,351 |
91,155 |
94,110 |
|
Current Liabs |
|
|
97,331 |
92,962 |
97,086 |
|
Net Worth |
|
|
10,558 |
12,718 |
12,644 |
|
Capital, Paid-Up |
|
|
1,000 |
1,000 |
1,000 |
|
Div.P.Share(¥) |
|
|
135.00 |
1213.00 |
141.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
2.98 |
-10.28 |
1.65 |
-14.80 |
|
|
Current Ratio |
|
.. |
96.94 |
98.06 |
96.93 |
|
N.Worth Ratio |
.. |
9.45 |
11.64 |
11.19 |
|
|
R.Profit/Sales |
|
0.91 |
0.93 |
0.77 |
0.67 |
|
N.Profit/Sales |
0.52 |
0.52 |
0.21 |
0.44 |
|
|
Return On Equity |
.. |
11.08 |
4.15 |
8.60 |
|
Notes:
Forecast figures for the 31/03/2013 fiscal term
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.03 |
|
UK Pound |
1 |
Rs.82.43 |
|
Euro |
1 |
Rs.70.49 |
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.