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Report Date : |
28.01.2013 |
IDENTIFICATION DETAILS
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Name : |
DISPEN PAK JAPAN INC |
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Registered Office : |
1255 Wadagahara Minami-Ashigara City Kanagawa-Pref 250-0112 |
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Country : |
Japan |
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Financials (as on) : |
31.11.2011 |
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Date of Incorporation : |
October, 1986 |
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Com. Reg. No.: |
0210-01-035545 |
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Legal Form : |
Limited Company |
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Line of Business : |
Mfg of food Dispen Pak |
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No. of Employees : |
99 |
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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Status : |
Satisfactory |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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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 |
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 |
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 tiny agricultural sector is highly subsidized and protected, with crop yields among the highest in the world. Usually self-sufficient in rice, Japan imports about 60% of its food on a caloric basis. Japan maintains one of the world's largest fishing fleets and accounts for nearly 15% of the global catch. 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. Measured on a purchasing power parity (PPP) basis that adjusts for price differences, Japan in 2011 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 2011. A sharp downturn in business investment and global demand for Japan's exports in late 2008 pushed Japan further 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 in March disrupted manufacturing. Electricity supplies remain tight because Japan has temporarily shut down almost all of its nuclear power plants after the Fukushima Daiichi nuclear reactors were crippled by the earthquake and resulting tsunami. Estimates of the direct costs of the damage - rebuilding homes, factories, and infrastructure - range from $235 billion to $310 billion, and GDP declined almost 0.5% in 2011. Prime Minister Yoshihiko NODA has proposed opening the agricultural and services sectors to greater foreign competition and boosting exports through membership in the US-led Trans-Pacific Partnership trade talks and by pursuing free-trade agreements with the EU and others, but debate continues 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.
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Source : CIA |
DISPEN PAK JAPAN
INC
KK Dispen Pak Japan
1255 Wadagahara Minami-Ashigara City Kanagawa-Pref 250-0112 JAPAN
Tel: 0465-72-1511 Fax:
0465-72-1517
URL: http://www.dpj.co.jp
E-Mail address: (thru the URL)
Mfg of food Dispen Pak
Tokyo
At the caption address, Fujiyoshida
YOSHITSUGU MIZUSHIMA, PRES
Gunjiro Asai, s/mgn dir
Yoshitaka Etoh, mgn dir
Yen Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 4,259 M
PAYMENTS NO COMPLAINTS CAPITAL Yen 140 M
TREND SLOW WORTH Yen 1,725 M
STARTED 1986 EMPLOYES 99
MFR OF DISPEN PAK.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
The subject company was established jointly by three parties: Kewpie
Corp, Mitsubishi Corp and Dia Packaging Corp (now Mitsubishi Shoji Packaging
Corp), upon obtaining patent licenses from Sanford Redmond USA. This is a specialized mfr of food packaging
“Dispen Pak”. Goods are shipped to
Kewpie Corp and Mitsubishi Corp for marketing.
The sales volume for Dec/2011 fiscal term amounted to Yen 4,259 million,
a 1.3% down from Yen 4,315 million in the previous term. The net profit was posted at Yen 236 million,
compared with Yen 143 million a year ago.
For the term that ended Dec 2012 the net profit was projected at Yen 240
million, on a 3% rise in turnover, to Yen 4,380 million. Final results are yet to be released.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 474.6 million, on 30 days normal terms.
Date Registered: Oct
1986
Regd No.: 0210-01-035545
(Kanagawa-Minamiashigara)
Legal Status: Limited Company (Kabushiki
Kaisha)
Authorized: 11,200 shares
Issued:
2,800 shares
Sum: Yen
140 million
Major shareholders
(%): Kewpie Corp* (51), Mitsubishi
Corp (39), Mitsubishi Shoji Packaging Corp (10)
No. of
shareholders: 3
*.. Largest mfr of mayonnaise & salad dressings, Tokyo, founded
1919, listed Tokyo S/E, capital Yen 24,104 million, sales Yen 486,435 million,
operating profit Yen 20,816 million, recurring profit Yen 21,912 million, net
profit Yen 9,449 million, total assets Yen 303,579 million, net worth Yen
169,507 million, employees 12,336, pres Minesaburo Miyake
Nothing detrimental is known as to the commercial morality of
executives.
Activities: Mfg of food
packaging “Dispen Pak” (100%9
Clients: [Mfrs,
wholesalers] Kewpie Corp, Mitsubishi Corp, other
No. of accounts: 300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs, wholesalers]
Mitsubishi Shoji Packaging Corp, Kewpie Corp, Fuji Oil Co, Aohata Corp, other
Payment record: No Complaints
Location: Business area in
Kanagawa. Office premises at the caption
address are owned and maintained satisfactorily.
Bank References:
MUFG (Shinjukudori)
Relations: Satisfactory
(In Million Yen)
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Terms Ending: |
30/11/2012 |
30/11/2011 |
30/11/2010 |
30/11/2009 |
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Annual Sales |
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4,380 |
4,259 |
4,315 |
4,893 |
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Recur. Profit |
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Net Profit |
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240 |
236 |
143 |
137 |
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Total Assets |
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2,786 |
2,819 |
2,814 |
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Current Assets |
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|
861 |
870 |
868 |
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Current Liabs |
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1,011 |
1,270 |
1,402 |
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Net Worth |
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1,725 |
1,494 |
1,356 |
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Capital, Paid-Up |
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140 |
140 |
140 |
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Div.P.Share(¥) |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
2.84 |
-1.30 |
-11.81 |
-1.17 |
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Current Ratio |
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.. |
85.16 |
68.50 |
61.91 |
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N.Worth Ratio |
.. |
61.92 |
53.00 |
48.19 |
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R.Profit/Sales |
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.. |
.. |
.. |
.. |
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N.Profit/Sales |
5.48 |
5.54 |
3.31 |
2.80 |
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Return On Equity |
.. |
13.68 |
9.57 |
10.10 |
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Notes: Forecast (or estimated) figures for the 31/12/2012 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.53.85 |
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1 |
Rs.85.25 |
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Euro |
1 |
Rs.71.72 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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 |
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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.