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Report Date : |
01.09.2014 |
IDENTIFICATION DETAILS
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Name : |
NP TRADING CO LTD |
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Registered Office : |
4-6 Kanda-Surugadai Chiyodaku |
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Country : |
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Financials (as on) : |
31.03.2013 |
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Date of Incorporation : |
July 1979 |
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Com. Reg. No.: |
0100-01-045983 (Tokyo-Chiyodaku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Importer, Exporter, Wholesaler of pulp & paper, paper
products |
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No of Employees : |
420 |
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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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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 |
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. Newly-elected Prime Minister Shinzo ABE has declared
the economy his government's top priority; he has pledged to reconsider his
predecessor's plan to permanently close nuclear power plants and is pursuing an
economic revitalization agenda of fiscal stimulus and regulatory reform and has
said he will press the Bank of Japan to loosen monetary policy. Measured on a
purchasing power parity (PPP) basis that adjusts for price differences, Japan
in 2012 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
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 |
NP TRADING CO LTD
REGD NAME: Nippon Kami Tsusho KK
MAIN OFFICE: 4-6 Kanda-Surugadai Chiyodaku Tokyo 100-8158
JAPAN
Tel:
03-6665-7032 Fax: 03-3217-3221
*.. Moved
to the caption address in Mar/2013 from the former as given
URL: http//:www.np-t.co.jp
E-mail: info-general@np-t.co.jp
Import, export, wholesale of pulp & paper, paper
products
Sapporo, Fuji, Nagoya, Osaka, Tokuyama, Hiroshima,
Matsuyama, Fukuoka, other (Tot 10)
Jakarta, Hong Kong, Kuala Lumpur, China, Singapore, Thailand,
Ho Chiminh, Taiwan
KYOICHI FUJIKAWA, PRES Takayuki
Takahashi, s/mgn dir
Masaya Kawahara, mgn dir Junji
Teramitsu, mgn dir
Atsushi Kuroki, mgn dir Hirohiko
Murakami, dir
Yen Amount: In
million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 224,473 M
PAYMENTS NO
COMPLAINTS CAPITAL Yen 1,000 M
TREND UP WORTH Yen 11,208 M
STARTED 1979 EMPLOYES 420
TRADING FIRM SPECIALIZING IN PULP & PAPER, OWNED BY
NIPPON PAPER GROUP.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS
The subject company was established originally as Jujo Shoji
Co Ltd for handling paper products for local, import and export. In Apr 2004 merged with San-Mic Chiyoda Co
Ltd, and in Apr 2006 merged with Komine Nissho Co Ltd and renamed as
captioned. And further in Oct 2007,
merged with Mantsune Corporation. This
is a general trading company, owned by Nippon Paper Group, specializing in
import, export and wholesale of printing paper, functional paper, newsprint,
packaging materials, other paper products (For details see OPERATION). Clients include
major paper mills, specialized wholesalers, etc, nationwide. Goods are both imported and exported. Has 8 overseas subsidiaries: Jakarta,
Malaysia, Hong Kong, China, Singapore, Vietnam, Taiwan and Thailand.
The sales volume for Mar/2013 fiscal term amounted to Yen
224,473 million, an almost similar amount of Yen 223,338 million in the previous
term. The recurring profit was posted at
Yen 1,274 million and the net profit at Yen 524 million, respectively, compared
with Yen 2,068 million recurring profit and Yen 1,170 million net profit,
respectively, a year ago.
For the current term that ending Mar 2014 the recurring
profit is projected at Yen 1,300 million and the net profit at Yen 540 million,
respectively, on a 3% rise in turnover, to Yen 231,000 million.
The financial situation is considered FAIR and good for
ORDINARY business engagements.
Date
Registered: July 1979
Regd
No.:
0100-01-045983 (Tokyo-Chiyodaku)
Legal
Status:
Limited
Company (Kabushiki Kaisha)
Authorized: 8 million shares
Issued:
2.6
million shares
Sum: Yen
1,000 million
Major
shareholders (%): Nippon Paper Ind* (95), Oji Holdings (1), Chuetsu Pulp
(1), other
No. of
shareholders: 6
* One of
2 largest companies in paper industry, Tokyo, founded 1949, listed Tokyo S/E,
capital Yen 104,873 million, sales Yen 1,025,078 million, operating profit Yen
25,145 million, recurring profit Yen 23,081 million, net profit Yen 10,652
million, total assets Yen 1,464,261 million, net worth Yen 411,528 million,
employees 13,269, pres Yoshio Haga
Nothing detrimental is known as to the commercial morality
of executives.
Activities: A
trading house for import, export & wholesale of pulp & paper (80%),
food additives, machinery, other (20%).
Overseas
trading ratio (10%)
(Handling
items):
General
Paper: Wood free paper, coated paper,1/S coated art paper, LWC,
wrapping paper, tissue paper, colored wood free paper, MG poster paper, cast
coated paper;
Functional
Paper: ink jet printer paper, function paper, carbonless copy paper,
label paper, clean paper, thermal paper, interleaving paper, photocatalystic
coated paper, oil blotting paper, oil resistant paper, cloth paper for diary,
water soluble paper;
Industrial
Paper: bleached Kraft paper, wall paper, battery separator, release
paper, cup stock, decorated paper;
Paperboard: Kraft
liner board, corrugated medium, coated duplex board, chip board, coated ivory
board, coated cardboard;
Newsprint
Paper:
Newsprint paper, telephone directory;
Paper
for Cigarette: rice paper, tipping paper, plug wrapping paper;
Fancy
Paper: variety of fancy paper, colored Kraft paper, aluminum
evap0orated paper;
Paints,
Ink, Adhesive Materials, Food Additives, Machinery, Film, Aluminum Foil &
related products, tapes, Food for fish, Pulp, Waste Paper, other.
Clients:
[Paper mills, wholesalers] Nippon Paper Ind, Toppan Forms, Kyodo Paper
Holdings, Ricoh Co, Otsuka Corp, Lintec Corp, Riso Kagaku Corp, Nitto Denko
Corp, other
No. of
accounts: 1,000
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Nippon Paper Ind, Lintec Corp, Nippon Paper Chemical Ind, Futamura
Chemical, Oji Paper, Nippon Daishowa Paperboard, Mitsubishi Corp, JSR, Arakawa
Chemical Ind, other
Payment
record: No Complaints
Location:
Business area in Tokyo. Office premises
at the caption address are owned by
Nippon Paper Holdings Inc and maintained satisfactorily.
Bank
References:
SMBC (H/O)
MUFG (Yaesudori)
Relations: Satisfactory
|
Terms Ending: |
31/03/2014 |
31/03/2013 |
31/03/2012 |
31/03/2011 |
|
|
Annual Sales |
|
231,000 |
224,473 |
223,338 |
248,920 |
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Recur. Profit |
|
1,300 |
1,274 |
2,068 |
1,913 |
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Net Profit |
|
540 |
524 |
1,170 |
528 |
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Total Assets |
|
|
110,991 |
111,752 |
109,276 |
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Current Assets |
|
|
93,604 |
94,351 |
91,155 |
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Current Liabs |
|
|
95,596 |
97,331 |
92,962 |
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Net Worth |
|
|
11,208 |
10,558 |
12,718 |
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Capital, Paid-Up |
|
|
1,000 |
1,000 |
1,000 |
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Div.Ttl In Million (¥) |
|
|
|
135 |
1,213 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
2.91 |
0.51 |
-10.28 |
1.65 |
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Current Ratio |
|
.. |
97.92 |
96.94 |
98.06 |
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N.Worth Ratio |
.. |
10.10 |
9.45 |
11.64 |
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R.Profit/Sales |
|
0.56 |
0.57 |
0.93 |
0.77 |
|
N.Profit/Sales |
0.23 |
0.23 |
0.52 |
0.21 |
|
|
Return On Equity |
.. |
4.68 |
11.08 |
4.15 |
|
Notes: Forecast figures for the 31/03/2014 fiscal term
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 60.48 |
|
|
1 |
Rs. 100.35 |
|
Euro |
1 |
Rs. 79.86 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.