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Report Date : |
04.03.2013 |
IDENTIFICATION DETAILS
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Name : |
MITSUI BUSSAN PACKAGING CO LTD |
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Registered Office : |
Sumitomo Seimei Akasaka Bldg 7F, 3-3-3 Akasaka Minatoku Tokyo 107-0052 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
December 2002 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, export, wholesale of pulp & paper, packaging materials |
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No. of Employees : |
70 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
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 : |
Good |
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Payment Behaviour : |
Regular |
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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 (31.03.2011) |
Current Rating (30.06.2012) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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 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.
Source
: CIA
MITSUI BUSSAN PACKAGING CO LTD
REGD NAME: Mitsui
Bussan Packaging KK
MAIN OFFICE: Sumitomo
Seimei Akasaka Bldg 7F, 3-3-3 Akasaka Minatoku Tokyo 107-0052
JAPAN
Tel: 03-6229-6300
Fax: 03-6229-6446
URL: http://www.mbk-packaging.com
E-Mail address: (thru the URL)
Import, export,
wholesale of pulp & paper, packaging materials
Nil
AKI HIRAGA, PRES Takao Iwsamura, v pres
Nobuhiko Bito, dir Yuichiro Ono, dir
Isao Tsujita, dir Hitoyasu Furukawa, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 34,914 M
PAYMENTS REGULAR CAPITAL Yen
350 M
TREND UP WORTH Yen 1,094 M
STARTED 2002 EMPLOYES 70
TRADING FIRM SPECIALIZING IN PULP & PAPER.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was
established on the basis of a division separated from Mitsui & Co Ltd (See
REGISTRATION). This is a trading firm
specializing in import, export and wholesale of pulp & paper, packaging
materials, others. Goods are exported to
China, Vietnam, other S/E Asian countries.
The sales volume for Mar/2012
fiscal term amounted to Yen 34,914 million, a 3% up from Yen 33,920 million in
the previous term. Exports
increased. The recurring profit was
posted at Yen 458 million and the net profit at Yen 253 million, respectively,
compared with Yen 269 million recurring profit and Yen 150 million net profit,
respectively, a year ago.
For the current term
ending Mar 2013 the recurring profit is projected at Yen 460 million and the
net profit at Yen 260 million, respectively, on a 3% rise in turnover, to Yen
86,000 million. Business is seen
expanding steadily.
The financial
situation is considered FAIR and good for ORDINARY business engagements.
Date Registered: Dec
2002
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 28,000 shares
Issued: 7,000 shares
Sum: Yen 350 million
Major
shareholders (%): Mitsui & Co Ltd* (100)
*.. General trading
house vying with Mitsubishi Corp, Tokyo, founded 1947, listed Tokyo S/E,
capital Yen 341,482 million, sales Yen 10,481,166 million, operating profit Yen
348,384 million, recurring profit Yen 412,211 million, net profit Yen 434,497
million, total assets Yen 8,919,243 million, net worth Yen 2,603,278, employees
44,805, pres Masami Iijima
Nothing detrimental
is known as to the commercial morality of executives.
Activities: Imports, exports
and wholesales pulp & paper, packaging materials, packages, board paper,
specialty paper, other (--100%)
Clients: [Mfrs,
wholesalers] Mori Kami Hambai, Vender Service, Mori Shigyo, Daicel, Matai
Japan, other
No. of accounts:
300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Oji Materials, Buckeye Inc, Daicel, Nippon Paper Ind, Matai
Vietnam, other
Payment record: Regular
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
SMBC (H/O)
Relations:
Satisfactory
(In Million
Yen)
|
Terms Ending: |
31/03/2013 |
31/03/2012 |
31/03/2011 |
31/03/2010 |
|
|
Annual
Sales |
|
36,000 |
34,914 |
33,920 |
29,538 |
|
Recur.
Profit |
|
460 |
458 |
269 |
|
|
Net
Profit |
|
260 |
253 |
150 |
73 |
|
Total
Assets |
|
|
13,974 |
12,680 |
11,872 |
|
Current
Assets |
|
|
13,866 |
12,562 |
|
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Current
Liabs |
|
|
12,819 |
11,793 |
|
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Net
Worth |
|
|
1,094 |
841 |
690 |
|
Capital,
Paid-Up |
|
|
350 |
350 |
350 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
3.11 |
2.93 |
14.84 |
0.32 |
|
|
Current Ratio |
|
.. |
108.17 |
106.52 |
.. |
|
N.Worth Ratio |
.. |
7.83 |
6.63 |
5.81 |
|
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R.Profit/Sales |
|
1.28 |
1.31 |
0.79 |
.. |
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N.Profit/Sales |
0.72 |
0.72 |
0.44 |
0.25 |
|
|
Return On Equity |
.. |
23.13 |
17.84 |
10.58 |
|
Notes: Forecast
(or estimated) figures for the 31/03/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.48 |
|
|
1 |
Rs.82.72 |
|
Euro |
1 |
Rs.71.27 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
|
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 |
|
-- |
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.