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Report No. : |
319133 |
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Report Date : |
25.04.2015 |
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) : |
31.03.2015 |
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Date of Incorporation : |
December 2002 |
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Legal Form : |
Limited Company |
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Line of Business : |
Subject is Imports, exports and wholesales pulp & paper,
packaging materials, packages, board paper, specialty paper |
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No. of Employee : |
72 |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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. Since the complete shutdown of Japan’s nuclear reactors after the earthquake and tsunami disaster in 2011, Japan's industrial sector has become 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 four 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. A sales tax increase caused the economy to contract during the 2nd and 3rd quarters of 2014. The economy has largely recovered in the three years since the disaster, but reconstruction in the Tohoku region has been uneven due to labor shortages. 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 2014 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 government will continue a longstanding debate on restructuring the economy and reining in Japan's huge government debt, which amounts to more than 240% 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 2015, although the government in 2014 decided to postpone the final phase of the increase until 2017 to give the economy time to recover from the 2014 increase. 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.
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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 Nobuhiko
Ogata, dir
Yuichiro
Ono, dir Michiaki
Arai, dir
Kazuhiro Tokoro, dir Hitoyasu Furukawa,
dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 48,638 M
PAYMENTS REGULAR CAPITAL Yen 350 M
TREND UP WORTH Yen 1,503 M
STARTED 2002 EMPLOYES 72
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/2014 fiscal term amounted to Yen
48,638 million, a 5% up from Yen 36,660 million in the previous term. Exports increased. The recurring profit was posted at Yen 342
million and the net profit at Yen 213 million, respectively, compared with Yen
317 million recurring profit and Yen 196 million net profit, respectively, a
year ago.
For the term that ended Mar 2015 the recurring profit was
projected at Yen 350 million and the net profit at Yen 220 million,
respectively, on a 5% rise in turnover, to Yen 40,550 million. Final results are yet to be released.
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 5,740,650 million, operating profit
Yen 275,216 million, recurring profit Yen 453,732 million, net profit Yen
422,161 million, total assets Yen 12,682,326 million, net worth Yen 4,136,602
million, employees 48,090, 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: |
31/03/2015 |
31/03/2014 |
31/03/2013 |
31/03/2012 |
|
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Annual
Sales |
|
40,550 |
38,638 |
36,660 |
34,914 |
|
Recur.
Profit |
|
350 |
342 |
317 |
458 |
|
Net
Profit |
|
220 |
213 |
196 |
253 |
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Total
Assets |
|
|
13,676 |
14,030 |
13,974 |
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Current
Assets |
|
|
13,445 |
13,904 |
13,866 |
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Current
Liabs |
|
|
12,075 |
12,663 |
12,819 |
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Net
Worth |
|
|
1,503 |
1,290 |
1,094 |
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Capital,
Paid-Up |
|
|
350 |
350 |
350 |
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Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
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<Analytical Data> |
|
(%) |
(%) |
(%) |
(%) |
|
S.Growth Rate |
|
4.95 |
5.40 |
5.00 |
2.93 |
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Current Ratio |
|
.. |
111.35 |
109.80 |
108.17 |
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N.Worth Ratio |
|
.. |
10.99 |
9.19 |
7.83 |
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R.Profit/Sales |
|
0.86 |
0.89 |
0.86 |
1.31 |
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N.Profit/Sales |
|
0.54 |
0.55 |
0.53 |
0.72 |
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Return On Equity |
|
.. |
14.17 |
15.19 |
23.13 |
Notes:
Forecast (or estimated) figures for the 31/03/2015 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.40 |
|
|
1 |
Rs.95.42 |
|
Euro |
1 |
Rs.68.49 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
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Report Prepared
by : |
ASH |
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.