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Report Date : |
06.08.2014 |
IDENTIFICATION DETAILS
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Name : |
DAIBO COMPANY LTD |
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Registered Office : |
Yamakawa Bldg 4F, 1-32 Kanda-Jimbocho Chiyodaku |
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Country : |
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Financials (as on) : |
31.05.2013 |
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Date of Incorporation : |
June 1969 |
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Com. Reg. No.: |
0100-01-021929 |
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Legal Form : |
Limited Company |
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Line of Business : |
Exports Paper, Paper Board, Cellophane, Wrapping Paper, Other Paper
Products (--100%) |
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No. of Employees : |
6 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
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 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. Prime Minister Shinzo ABE has declared the economy his
government's top priority; he has overturned his predecessor's plan to
permanently close nuclear power plants and is pursuing an economic revitalization
agenda of fiscal stimulus, monetary easing, and structural reform. Japan joined
the Trans Pacific Partnership negotiations in 2013, a pact that would open
Japan's economy to increased foreign competition and create new export
opportunities for Japanese businesses. Measured on a purchasing power parity
(PPP) basis that adjusts for price differences, Japan in 2013 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 is exceeding 230% of GDP. To
help raise government revenue and reduce public debt, Japan decided in 2013 to
gradually increase the consumption tax to a total of 10% by the year 2015.
Japan is making progress on ending deflation due to a weaker yen and higher
energy costs, but reliance on exports to drive growth and an aging, shrinking
population pose other major long-term challenges for the economy.
|
Source
: CIA |
DAIBO COMPANY LTD
Daibo KK
Yamakawa Bldg 4F, 1-32 Kanda-Jimbocho Chiyodaku Tokyo 101-0051 JAPAN
Tel: 03-3291-5526
Fax: 03-3291-9475
*.. Moved to the caption address from the one as given, and registered
URL: htpp://www.daibo.co.jp
E-mail address: info@daibo.co.jp
ACTIVITIES: Export of paper, paper products
BRANCHES: Chiba (3)
OFFICER(S): KAYOKO UCHIDA, PRES
Keishi Kajiwara, s/mgn dir
Yen Amount: In million Yen,
unless otherwise stated
FINANCES FAIR A/SALES Yen 951 M
PAYMENTS NO COMPLAINTS CAPITAL Yen 10 M
TREND SLOW WORTH Yen 48 M
STARTED 1969 EMPLOYES 6
COMMENT: EXPORTER OF PAPER & PAPER
PRODUCTS
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS
The subject company was established by Minoru Uchida in order to make
most of his experience in the subject line of business. Kayoko is his wife, who took the pres office
in Apr 2013 upon the death of Minoru Uchida.
This is a family-based trading firm, owned & operated essentially by
the Uchida family, specializing in export of paper & paper products. Export destinations are centrally S/E Asia,
Korea, Thailand, Singapore, Taiwan, Hong Kong, other,
The sales volume for May/2013 fiscal term amounted to Yen 951 million, a
30% up from Yen 730 million in the previous term. Demand recovered after the sluggish &
down-pressed year last term. Exports
revived. The operations came back to
profitability to post Yen 11 million recurring profit and Yen 11 million net
profit, respectively, compared with Yen 10 million recurring loss and Yen 9
million net losses, respectively, a year ago.
For the term that ended May 2014 the recurring profit was projected at
Yen 15 million and the net profit at Yen 15 million, respectively, on a 16%
rise in turnover, to Yen 1,100 million.
Weaker Yen may have raised exports earnings in Yen term. Final results are yet to be released.
The financial situation is considered maintained FAIR and good for
ORDINARY business engagements. Max
credit limit is estimated at Yen 12.4 million, on 30 days normal terms.
Date Registered: Jun
1969
Regd No.: 0100-01-021929
(Tokyo-Chiyodaku)
Legal Status: Limited Company
(Kabushiki Kaisha)
Authorized: 80,000 shares
Issued: 20,000 shares
Sum: Yen 10 million
Major shareholders
(%):
Kayoko Uchida (50), Buffy* (40),
Minoru Uchida (10)
*
Holding
company owned by the Uchida family
No. of
shareholders: 3
Nothing detrimental is known as to the commercial morality of
executives.
Activities: Exports paper, paper
board, cellophane, wrapping paper, other paper products (--100%)
(Handling items):
Printing Paper: A2/A3 coated
paper, woodfree paper, LWC, mechanical paper:
Industrial Paper: newsprint paper,
cellophane film, glassine paper, colored woodfree, ink jet paper, thermal
paper;
Packaging Paper: MG poster paper,
MG bleached kraft, MF bleached kraft, MG ribbed kraft;
Specialty Paper: label paper,
metalized paper, hairdressing paper, oil blotting paper, fancy paper, playing
card board.
Clients: [Mfrs, wholesalers]
Exports to: Thailand (40%), Taiwan (20%), Korea (10%), Hong Kong (5%),
Singapore, Indonesia, Malaysia, other
No. of accounts: Unavailable
Domestic areas of activities: Centered in greater-Tokyo
Suppliers [Paper mills,
wholesalers] Daio Paper Corp, Oji Trading Co, NP Trading, Ohta Paper Sales,
Nippon Paper Papylia, other
Payment record: No Complaints
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
Mizuho Bank (Kudan)
MUFG (Jimbocho)
Relations: Satisfactory
(In Million Yen)
|
Terms Ending: |
31/05/2014 |
31/05/2013 |
31/05/2012 |
31/05/2011 |
|
|
Annual Sales |
|
1,100 |
951 |
730 |
1,166 |
|
Recur. Profit |
|
15 |
11 |
-10 |
1 |
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Net Profit |
|
15 |
11 |
-9 |
1 |
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Total Assets |
|
|
335 |
294 |
290 |
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Current Assets |
|
|
129 |
93 |
88 |
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Current Liabs |
|
|
180 |
151 |
128 |
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Net Worth |
|
|
48 |
37 |
47 |
|
Capital, Paid-Up |
|
|
10 |
10 |
10 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
|
(%) |
(%) |
(%) |
(%) |
|
S.Growth Rate |
|
15.67 |
30.27 |
-37.39 |
-16.48 |
|
Current Ratio |
|
.. |
71.67 |
61.59 |
68.75 |
|
N.Worth Ratio |
|
.. |
14.33 |
12.59 |
16.21 |
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R.Profit/Sales |
|
1.36 |
1.16 |
-1.37 |
0.09 |
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N.Profit/Sales |
|
1.36 |
1.16 |
-1.23 |
0.09 |
|
Return On Equity |
|
.. |
22.92 |
-24.32 |
2.13 |
Notes: Forecast (or estimated) figures for the 31/05/2014 fiscal term
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.87 |
|
|
1 |
Rs.102.67 |
|
Euro |
1 |
Rs.81.70 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
TPT |
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 |
|
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 |
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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.