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Report No. : |
353451 |
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Report Date : |
03.12.2015 |
IDENTIFICATION DETAILS
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Name : |
GREENPACKS CORPORATION |
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Registered Office : |
3-9-2-309 Sakashita Itabashiku Tokyo |
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Country : |
Japan |
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Financials (as on) : |
30.06.2015 |
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Date of Incorporation : |
Nov., 2005 |
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Com. Reg. No.: |
0114-01-011595 (Tokyo-Itabashiku) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import and Wholesale of Plastic Films & Packaging Materials. |
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No. of Employees : |
18 |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Japan |
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 |
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 an
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. Scarce in many
natural resources, Japan has long been dependent on imported raw materials.
Since the complete shutdown of Japan’s nuclear reactors after the earthquake
and tsunami disaster in 2011, Japan's industrial sector has become even more
dependent than it was previously on imported fossil 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 impressive - 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 aftereffects 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.
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 of that year disrupted
manufacturing. The economy has largely recovered in the four years since the
disaster, although reconstruction in the affected Tohoku region has lagged, in
part due to a shortage of labor in the construction sector. Japan enjoyed a
sharp uptick in growth in 2013 on the basis of Prime Minister Shinzo Abe’s
“Three Arrows” economic revitalization agenda - dubbed “Abenomics” - of
monetary easing, “flexible” fiscal policy, and structural reform. Abe’s
government has replaced the preceding administration’s plan to phase out
nuclear power with a new policy of seeking to restart nuclear power plants that
meet strict new safety standards, and emphasizing nuclear energy’s importance
as a base-load electricity source. Japan joined the Trans-Pacific Partnership
(TPP) 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 first-place China, which surpassed Japan in 2001, and third-place
India, which edged out Japan in 2012. While seeking to stimulate and reform the
economy, the government must also devise a strategy for reining in Japan's huge
government debt, which amounts to more than 230% of GDP. To help raise
government revenue, Japan adopted legislation in 2012 to gradually raise the
consumption tax rate to 10% by 2015, beginning with a hike from 5% to 8%
implemented in April 2014. That increase had a contractionary effect on GDP,
however, so PM Abe in late 2014 decided to postpone the final phase of the
increase until April 2017 to give the economy more time to recover. Led by the
Bank of Japan’s aggressive monetary easing, Japan is making progress in ending
deflation, but demographics - low birthrate and an aging, shrinking population
- pose major long-term challenges for the economy.
|
Source
: CIA |
GREENPACKS CORPORATION
REGD NAME: KK
Green Packs
MAIN OFFICE: Minami-Otsuka T&T Bldg 4F, 3-20-6
Minami-Otsuka Toshimaku Tokyo 170-0005 JAPAN
Tel: 03-5396-8851 Fax: 03-5396-8852
*.. Registered at: 3-9-2-309 Sakashita
Itabashiku Tokyo
URL: http://www.greenpacks-corp.com/
E-Mail address: info@greenpacks-corp.com
Import, wholesale
of plastic films & packaging materials
Nil
(Subcontracted)
KUNITAKE
KOBAYASHI, PRES
Kunihiro
Kobayashi, s/mgn dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 7,868 M
PAYMENTSNO
COMPLAINTS CAPITAL Yen 91 M
TREND STEADY WORTH Yen 227 M
STARTED 2005 EMPLOYES 18
TRADING HOUSE FOR
IMPORT & WHOLESALE OF PACKAGING MATERIALS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD.
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. 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. Goods are mostly imported from China, Europe,
South Americas, Africa, other, in addition to domestic suppliers.
The sales volume
for Jun/2015 fiscal term amounted to Yen 7,868 million, a 1% down from Yen 7,951
million in the previous term. The
recurring profit was posted at Yen 206 million and the net profit at Yen 76
million, respectively, compared with Yen 11 million recurring profit and Yen 6
million net profit, respectively, a year ago.
For the current
tem ending Jun 2016 the recurring profit was projected at Yen 210 million and
the net profit at Yen 80 million, respectively, on a 3% rise in turnover, to
Yen 8,100 million.
The financials situation is considered maintained FAIR and good for
ORDINARY business engagements.
Date
Registered: Nov 2005
Regd
No.: 0114-01-011595 (Tokyo-Itabashiku)
Legal
Status: Limited Company (Kabushiki Kaisha)
Authorized:
7,000 shares
Issued: 1,830 shares
Sum:
Yen 91.5 million
Major shareholders
(%):
Kunitake Kobayashi (16.9), Kunihiro Kobayashi (16.4), other
No.
of shareholders: 12
Nothing
detrimental is known as to the commercial morality of executives.
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, re-closable 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 Co, Takami
Hoso Yohin, Nakagawa Seitai Hoso, Ishimoto Hoso Co, The Pack Corp, other. (Hoso means packaging)
No. of accounts: 300
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, Thailand, Malaysia,
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 (Shinagawa)
Resona
Bank (Ikebukuro)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
30/06/2016 |
30/06/2015 |
30/06/2014 |
30/06/2013 |
|
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Annual
Sales |
|
8,100 |
7,868 |
7,951 |
7,135 |
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Recur.
Profit |
|
210 |
206 |
11 |
44 |
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Net
Profit |
|
80 |
76 |
6 |
21 |
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Total
Assets |
|
|
2,842 |
2,757 |
2,262 |
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Current
Assets |
|
|
2,793 |
2,651 |
2,154 |
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Current
Liabs |
|
|
1,947 |
2,155 |
1,649 |
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Net
Worth |
|
|
227 |
150 |
143 |
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Capital,
Paid-Up |
|
|
91 |
91 |
91 |
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Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
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<Analytical Data> |
|
(%) |
(%) |
(%) |
(%) |
|
S.Growth Rate |
|
2.95 |
-1.04 |
11.44 |
1.46 |
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Current Ratio |
|
.. |
143.45 |
123.02 |
130.62 |
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N.Worth Ratio |
|
.. |
7.99 |
5.44 |
6.32 |
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R.Profit/Sales |
|
2.59 |
2.62 |
0.14 |
0.62 |
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N.Profit/Sales |
|
0.99 |
0.97 |
0.08 |
0.29 |
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Return On Equity |
|
.. |
33.48 |
4.00 |
14.69 |
Notes: Forecast (or
estimated) figures for the 30/06/2016 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.62 |
|
|
1 |
Rs.100.34 |
|
Euro |
1 |
Rs.70.67 |
|
Yen |
1 |
Rs.0.54 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
NIT |
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.