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Report Date : |
06.06.2013 |
IDENTIFICATION DETAILS
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Name : |
DAIEI PAPERS ( |
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Registered Office : |
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Country : |
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Year of Incorporation : |
1982 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Manufactures and distributes paper products include premium coated papers, uncoated printing papers, digital and communication papers, coated inkjet, and specialty papers such as pharmaceutical, publishing, carbonless, adhesive, and bible papers. |
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No. of Employees : |
20 |
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 – March 31st, 2013
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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United States |
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 |
UNITED STATES - ECONOMIC OVERVIEW
The US has the largest and most technologically powerful
economy in the world, with a per capita GDP of $49,800. In this market-oriented
economy, private individuals and business firms make most of the decisions, and
the federal and state governments buy needed goods and services predominantly
in the private marketplace. US business firms enjoy greater flexibility than
their counterparts in Western Europe and Japan in decisions to expand capital
plant, to lay off surplus workers, and to develop new products. At the same
time, they face higher barriers to enter their rivals' home markets than
foreign firms face entering US markets. US firms are at or near the forefront
in technological advances, especially in computers and in medical, aerospace,
and military equipment; their advantage has narrowed since the end of World War
II. The onrush of technology largely explains the gradual development of a
"two-tier labor market" in which those at the bottom lack the
education and the professional/technical skills of those at the top and, more
and more, fail to get comparable pay raises, health insurance coverage, and
other benefits. Since 1975, practically all the gains in household income have
gone to the top 20% of households. Since 1996, dividends and capital gains have
grown faster than wages or any other category of after-tax income. Imported oil
accounts for nearly 55% of US consumption. Crude oil prices doubled between
2001 and 2006, the year home prices peaked; higher gasoline prices ate into
consumers' budgets and many individuals fell behind in their mortgage payments.
Oil prices climbed another 50% between 2006 and 2008, and bank foreclosures
more than doubled in the same period. Besides dampening the housing market,
soaring oil prices caused a drop in the value of the dollar and a deterioration
in the US merchandise trade deficit, which peaked at $840 billion in 2008. The
sub-prime mortgage crisis, falling home prices, investment bank failures, tight
credit, and the global economic downturn pushed the United States into a
recession by mid-2008. GDP contracted until the third quarter of 2009, making
this the deepest and longest downturn since the Great Depression. To help
stabilize financial markets, in October 2008 the US Congress established a $700
billion Troubled Asset Relief Program (TARP). The government used some of these
funds to purchase equity in US banks and industrial corporations, much of which
had been returned to the government by early 2011. In January 2009 the US
Congress passed and President Barack OBAMA signed a bill providing an
additional $787 billion fiscal stimulus to be used over 10 years - two-thirds
on additional spending and one-third on tax cuts - to create jobs and to help
the economy recover. In 2010 and 2011, the federal budget deficit reached
nearly 9% of GDP. In 2012 the federal government reduced the growth of spending
and the deficit shrank to 7.6% of GDP. Wars in Iraq and Afghanistan required
major shifts in national resources from civilian to military purposes and
contributed to the growth of the budget deficit and public debt. Through 2011,
the direct costs of the wars totaled nearly $900 billion, according to US
government figures. US revenues from taxes and other sources are lower, as a
percentage of GDP, than those of most other countries. In March 2010, President
OBAMA signed into law the Patient Protection and Affordable Care Act, a health
insurance reform that will extend coverage to an additional 32 million American
citizens by 2016, through private health insurance for the general population
and Medicaid for the impoverished. Total spending on health care - public plus
private - rose from 9.0% of GDP in 1980 to 17.9% in 2010. In July 2010, the
president signed the DODD-FRANK Wall Street Reform and Consumer Protection Act,
a law designed to promote financial stability by protecting consumers from
financial abuses, ending taxpayer bailouts of financial firms, dealing with
troubled banks that are "too big to fail," and improving
accountability and transparency in the financial system - in particular, by
requiring certain financial derivatives to be traded in markets that are
subject to government regulation and oversight. In December 2012, the Federal
Reserve Board announced plans to purchase $85 billion per month of mortgage-backed
and Treasury securities in an effort to hold down long-term interest rates, and
to keep short term rates near zero until unemployment drops to 6.5% from the
December rate of 7.8%, or until inflation rises above 2.5%. Long-term problems
include stagnation of wages for lower-income families, inadequate investment in
deteriorating infrastructure, rapidly rising medical and pension costs of an
aging population, energy shortages, and sizable current account and budget
deficits - including significant budget shortages for state governments.
Source
: CIA
Company name: DAIEI PAPERS (USA) CORP.
Address:
Telephone: +1
757-523-2100
Fax: +1
757-523-2075
Website: www.daieipapers.com
Corporate ID#: 0550263-8
State: Virginia
Judicial form: Corporation – Profit
Date incorporated: December
7, 2000
Date founded: 1982
Stock: 6,537,450
shares
Value: No
par valye
Name of manager: Ryochi
OTAKE
Business:
DaiEi Papers (USA) Corp. manufactures and distributes paper products.
The company’s products include premium coated papers, uncoated printing
papers, digital and communication papers, coated inkjet, and specialty papers
such as pharmaceutical, publishing, carbonless, adhesive, and bible papers.
DaiEi Papers (USA) Corp. was founded in 1982 and is based in Chesapeake,
Virginia.
The company operates as a subsidiary of DaiEi Papers International
Corporation.
Suppliers include:
PT. INDAH KIAT PULP AND PAPER TBK
PLAZA BII MENARA II, 7TH FLOOR JL. M.H. THAMRIN NO.51, JAKARTA 10350 INDONESIA
EIN: 22-2510405
Staff: 20
Operations & branches:
At the headquarters, we
find the corporate office, on lease.
The Company maintains a
branch located:
16700 Valley View Avenue, Suite 260, La Mirada, CA 90638, U.S.A.
Ph: +1 714-523-0900
Fx: +1 714-523-0919
Shareholders:
DAIEI PAPERS INTERNATIONAL
CORPORATION
6-24 Akashi-cho
Chuo-ku, 104-0044 - Japan
DaiEi Papers International Corporation distributes papers. It offers
printing and writing papers, such as newsprint/telephone directory, printing
and writing, and drawing papers, as well as coated and uncoated boards;
packaging products, including packaging paper and boards, and container boards;
and communication papers, which include thermal, inkjet, PPC, business form,
carbonless, OCR/OMR, and magnetic recording papers.
The company also provides specialty papers, such as release, glassine,
and fancy papers, as well as self-adhesive papers/films; functional papers and
boards, including synthetic, decorative base, saturating kraft, metalized, and
sanitary papers, as well as book-binding cloths and aluminum foils; and plastic
films. In addition, DaiEi Papers International Corporation offers machinery,
including offset printing, labeling, corrugating, film making, box-making,
sealing, flexo folder gluer, strapping, platen die cutting, flexible packaging,
tying, blister packaging, fill and seal, stacker, shrink packaging, slitter,
diesel generator, and boiler machines.
The company was founded in 2002 and is based in Chuo-ku, Japan with
additional offices in Chesapeake, Virginia; Hong Kong, Hong Kong; Singapore;
Victoria, Australia; Tokyo, Japan; and Shanghai, China. It has operations in
Los Angeles, California; Sao Paulo, Brazil; Taipei, Taiwan; Jakarta, Indonesia;
Manila, Philippines; Bangkok, Thailand; Kuala Lumpur and Penang, Malaysia;
Hochiminh, Vietnam; The United Arab Emirates; Bangalore, Delhi, and Mumbai,
India; Johannesburg, South Africa; Beijing, China; and Seoul, Korea.
DaiEi Papers International Corporation is a subsidiary of Kokusai Pulp
& Paper Company Limited.
Management:
Ryoichi OTAKE, President and CEO
Kevin O’CONNOR, Vice President and COO
Hidehiro ADACHI, Chairman
Subsidiaries
And partnership:
DaiEi Papers Brasil Ltda
Rua Luisiana, No.274, Sao Paulo, SP 04560-020, Brazil
In United States, privately
held corporations are not required to publish any financials.
On a direct call, a
financial assistant controlled the present report.
Sales declared for year
2012 is in the range of USD 90,000,000= verse
USD 89,300,000 in 2011.
The business is profitable.
Banks: JP Morgan Chase Bank
Legal filings & complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary (UCC):
None