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Report Date : |
17.06.2013 |
IDENTIFICATION DETAILS
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Name : |
GREENPACKS CORPORATION |
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Registered Office : |
Minami-Otsuka T&T Bldg 7F, 3-36-7 Minami-Otsuka Toshimaku Tokyo 170-0005 |
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Country : |
Japan |
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Financials (as on) : |
30.06.2012 |
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Date of Incorporation : |
November 2005 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, wholesale of plastic films & packaging materials |
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No. of Employees : |
21 |
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 |
COMPANY NAME AND
ADDRESS
GREENPACKS CORPORATION
REGD NAME: KK
Green Packs
MAIN OFFICE: Minami-Otsuka
T&T Bldg 7F, 3-36-7 Minami-Otsuka Toshimaku Tokyo 170-0005 JAPAN
Tel:
03-5396-8851 Fax: 03-5396-8852
URL: http://www.greenpacks-corp.com/
E-Mail address: info@greenpacks-corp.com
ACTIVITIES: Import,
wholesale of plastic films & packaging materials
BRANCHES: Nil
FACTORIES: (subcontracted)
OFFICER(S): KUNITAKE
KOBAYASHI, PRES
Kunihiro Kobayashi, dir
Keigo Shima, dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY: FINANCES FAIR A/SALES Yen 7,032 M
PAYMENTS REGULAR CAPITAL Yen 91 M
TREND UP WORTH Yen 121 M
STARTED 2005 EMPLOYES 21
COMMENT: TRADING HOUSE FOR IMPORT &
WHOLESALE OF PACKAGING MATERIALS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN
48.4 MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS:
The subject
company was established by Kunitake Kobayashi in order to make effective use of
his 37 years’ business experience in plastic products industry, starting with
Mitsubishi Chemical Corporation (17 years), and after working with two firms,
with Mitsubishi Shoji Plastics Corp (where he controlled import/wholesale of PE
film products) immediately prior to the setting-up of the new company. Kunihiro is his son, who had served with
Sumitomo Corporation until the new firm setting-up. This is a trading firm specializing in import
and wholesale of PE films, packages, bags, synthetic resin raw materials,
medical supplies, other. Also offers
technical advice on plastic mfg equipment, plastic products, other. Actual business operations started Jan
2006. Goods are mostly imported from
China, other, in addition to domestic suppliers. Started a new business in the fish industry,
importing/exporting fish & fishery products.
FINANCIAL
INFORMATION:
The sales volume for
Jun/2012 fiscal term amounted to Yen 7,032 million, a 12% up from Yen 6,296
million in the previous term. The
operations, however, plunged into the red to register Yen 72 million recurring
loss and Yen 46 million net losses, respectively, compared with Yen 5 million
recurring profit and Yen 2 million net profit, respectively, a year ago.
For the current
tem ending Jun 2013 the recurring profit was projected at Yen 200 million and
the net profit at Yen 100 million, respectively, on a 10% rise in turnover, to
Yen 7,700 million. The increasing fish
business will contribute.
The financials
situation is considered maintained FAIR and good for ORDINARY business
engagements. Max credit limit is
estimated at Yen 48.4 million, on 30 days normal terms.
REGISTRATION
Date Registered: Nov
2005
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 7,000 shares
Issued:
1,830 shares
Sum: Yen 91.5 million
Major shareholders
(%):
Kunitake Kobayashi (17), Kunihiro Kobayashi (16), Keigo Shima (12)
No. of shareholders: 12
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION:
Activities: Trading house for import and wholesale of
(--100%):
Handling Items:
PE (Polyethylene) films: shopping film
bags, garbage bags, other film bags;
Synthetic resin raw materials: HDPE, LDPE,
LLDPE, PP, OPP, PS, OPS, EVA, other;
Packaging
materials: stretch films, disposable plastic chopsticks, non-woven bags,
PE/PP bands, ruminate films, PET sheet,
PET labels, reclosable poly bags, plastic trays, other;
Sanitary goods
& supplies: films for diaper, other sanitary goods, PE gloves, sanitary films,
embossed films & sheets, other;
Medical
equipment & supplies;
Technical
consultancy: Plastic goods mfg equipment (extruding machines, molding machines,
package mfg equipment, printing machines, packaging equipment, etc),
bio-gradable polymers, other.
Clients: [Mfrs,
wholesalers] Superbag (10%), Takami Hoso Yohin (10%), Nakagawa Seitai Hoso
(10%), Ishimoto Hoso (10%), other. (Hoso
means packaging)
No. of accounts:
100
Domestic areas of
activities: Centered in greater-Tokyo
Suppliers: [Mfrs,
wholesalers] Mitsubishi Chemical, Mitsubishi Shoji Plastics Corp, J-Film Corp,
other.
Imports from: Europe, Africa, South America,
China, other.
Payment record: Regular
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
Mizuho Bank
(Shinagawa)
Resona Bank
(Ikebukuro)
Relations:
Satisfactory
FINANCES:
(In Million Yen)
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Terms Ending: |
30/06/2013 |
30/06/2012 |
30/06/2011 |
30/06/2010 |
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Annual
Sales |
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7,700 |
7,032 |
6,296 |
2,519 |
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Recur.
Profit |
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200 |
-72 |
5 |
1 |
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Net
Profit |
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100 |
-46 |
2 |
1 |
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Total
Assets |
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2,248 |
2,105 |
1,668 |
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Current
Assets |
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2,132 |
2,025 |
1,603 |
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Current
Liabs |
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1,683 |
1,502 |
1,239 |
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Net
Worth |
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121 |
188 |
170 |
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Capital,
Paid-Up |
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91 |
91 |
91 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
9.50 |
11.69 |
24.97 |
8.95 |
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Current Ratio |
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.. |
126.68 |
134.82 |
129.38 |
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N.Worth Ratio |
.. |
5.38 |
8.93 |
10.19 |
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R.Profit/Sales |
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2.60 |
-1.02 |
0.08 |
0.04 |
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N.Profit/Sales |
1.30 |
-0.65 |
0.03 |
0.04 |
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Return On Equity |
.. |
-38.02 |
1.06 |
0.59 |
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Notes: The 31/12/2010 fiscal term is for irregular 6 months due to the
change in accounting term to Jul/Jun from Jan/Dec. Growth rates are adjusted on a regular
12-month basis.
Forecast (or
estimated) figures for the 30/06/2013 fiscal term.
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 |
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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.