MIRA INFORM REPORT

Report No. :	350230
Report Date :	23.11.2015

IDENTIFICATION DETAILS

Name :	DAISAN CORP
Registered Office :	52 Shinmei-cho, Toyohashi-shi, Aichi 4400882
Country :	Japan
Financials (as on) :	31.03.2014
Date of Incorporation :	05.01.1951
Legal Form :	Private Company with Limited Liability
Line of Business :	Trader of Packaging Materials.
No. of Employees :	6

RATING & COMMENTS

MIRA’s Rating :

Ba

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory
Payment Behaviour :	No Complaints
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

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
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 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

Company Name

DAISAN CORP

Company Details

Country	:	Japan
Business Entity Name	:	DAISAN CORP ^(1)
Name in Local Language	:	株式会社 大三コーポレーション
Operating Address	:	52 Shinmei-cho, Toyohashi-shi, Aichi 4400882
Tel	:	[+81] 532-545588
Fax	:	[+81] 532-545589
Primary Business Activity	:	Trader
Primary Industry	:	Packaging

Key Facts

Registered Legal Address

:

52 Shinmei-cho, Toyohashi-shi, Aichi 4400882

Name History

:

Business Entity Name	Effective Date
MATSUI YOSHITEN KK	5 Jan, 1951
DAISAN CORP	15 Jul, 2003

License Number

:

1803-01-006054

Date of Registration

:

5 Jan, 1951

Issuing Authority

:

Legal Affairs Bureau, Ministry of Justice - National

Legal Form - Category

:

Private Company with Limited Liability

Legal Form

:

Corporation

Legal Form - Abbreviation

:

CORP

License Status

:

License exists - Normal.

Operational Status of Business

:

Normal

Employees

:

6

Capital

:

n/a ⁽²⁾

Note:

⁽¹⁾ Legal status of the English corporate name
The English name of the Subject Business Entity (SBE) is a randomly selected translation / transliteration made by the owners of the SBE. It is not a registered English corporate name, but simply a translation / transliteration of the local language name.

⁽²⁾ Not applicable.
Based on the current corporate laws of Japan there is no longer a requirement for Authorized Capital.

Adverse Data

Results

:

Total of  0  record found.

Financials – Summary

(Currency: USD - US Dollar)

Year	Turnover	Assets	Net Income
2014 Annual	10,629,692	52,788,646	778,558

Sales Trend - Analysis

2005	2006	2007	2008	2009	2010	2011	2012	2013	2014
-	-	-	-	-	-	-	-

Key Person

Legal Title	:	President
Name	:	Mr. Eijiro Matsui
Local Name	:	松井英治郎
Registered Address	:	12-6 Mukaiyama-daimachi, Toyohashi-shi, Aichi 4400865
Nationality	:	Japanese

Primary Products

Products / Materials / Services Description	Activity
Packaging materials	Trading, Exporting

Fullcheck Report Details

Country	:	Japan
Business Entity Name	:	DAISAN CORP
Primary Business Activity	:	Trader
Primary Industry	:	Packaging
Office Contact Details
Operating Address	:	52 Shinmei-cho, Toyohashi-shi, Aichi 4400882
Tel	:	[+81] 532-545588
Fax	:	[+81] 532-545589

SIC PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description	Code	Activity
Business Consulting Svcs, NEC	8748	Service
Crowns and closures	3466	Trading, Exporting
Holding & Investment Offices	6700	Service
Real Estate	6500	Service
Real Estate Agents & Managers	6531	Service

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description	Code	Activity
Business development/consulting	9878	Service
Business services, health, financial/insur. legal/real estate, hotels, and misc repairs	9900	Service
Containers (boxes, bags etc), closurers etc, plastics	3923	Trading, Exporting
Real estate/agents and managers	9940	Service

DETAILED PRODUCT CLASSIFICATION & ACTIVITY

Products / Materials / Services Description	Ranking	Activity
Consulting services	Secondary	Service
Holding companies	Secondary	Service
Real estate management	Secondary	Service

CORE BUSINESS DESCRIPTION

Core Business

The primary business focus of DAISAN CORP is Trading - Raw materials.

Key product include :

Packaging materials

Supplementary Business

In addition to the core business, DAISAN CORP also is engaged in the following areas of business:

Exporting

Exporting - Raw materials

Service

Specialized professional services, including:

Consulting services

Holding companies

Real estate management

DOMESTIC SALES & PURCHASES

Annual Sales Analysis	Percentage
Domestic Sales	80%
International Sales (Export)	20%

Annual Purchases Analysis	Percentage
Local Purchases	100%
Imports	0%

COMPANY MANAGEMENT

Management Listings

	Name	Nationality	Job Description	Dept. / Division
1	Mr. Rie Ikegami	Japanese	Auditor	-
2	Mr. Eijiro Matsui	Japanese	n/a	-
3	Mr. Takayoshi Matsui	Japanese	Vice President	-

Management Details - 1

Personal Unique Identifier	:	MI03924617
Name	:	Mr. Rie Ikegami
Name in local language	:	池上里恵

Management Details - 2

Personal Unique Identifier	:	MI03924613
Name	:	Mr. Eijiro Matsui
Name in local language	:	松井英治郎
Date of Birth	:	26 Feb, 1933
Registered address	:	12-6 Mukaiyama-daimachi Toyohashi-shi Aichi 4400865
Country of Residence	:	Japan

Management Details - 3

Personal Unique Identifier	:	MI03924615
Name	:	Mr. Takayoshi Matsui
Name in local language	:	松井孝悦

FINANCIALS - SUMMARY

(Currency: USD - US Dollar)

Year	Turnover	Assets	Net Income
2012 Annual	12,970,601	n/a	991,325
2013 Annual	10,736,215	n/a	829,916

CAPITAL (Currency: JPY - Japanese Yen)

Share Value	:	¥ 50
No. of Authorized Shares	:	184,000
Paid-up Capital	:	¥ 31,000,000

Date	Paid-up Capital - History
5 Jan, 1951	800,000
Jun, 1967	21,000,000
Jun, 1972	31,000,000

FINANCIAL STATEMENT - DETAILED

Balance Sheet

Currency	:	JPY
Denomination	:	1
Financial Year Ending	:	March

Financial Highlights	2012 Annual	2013 Annual	2014 Annual
Share Capital(*)	-	-	31,000,000
Assets
Current Assets(*)	-	-	1,903,393,000
Total Assets(*)	-	-	6,258,094,000
Non Current Assets(*)	-	-	4,354,701,000
Liabilities
Non Current Liabilities(*)	-	-	1,007,648,000
Current Liabilities(*)	-	-	1,432,463,000
Shareholders Funds(*)	-	-	3,817,983,000

Note: (*)

Financial Highlights

Income Statement

Currency	:	JPY
Denomination	:	1
Financial Year Ending	:	March

Financial Highlights	2012 Annual	2013 Annual	2014 Annual
Turnover(*)	1,110,932,000	1,116,459,000	1,260,150,000
Profit After Tax attributable to Shareholders(*)	84,907,000	86,303,000	92,298,000

Note: (*)

Financial Highlights

REPUTATION

Reference checking for the purpose of establishing DAISAN CORP's reputation within the respective industry failed to reveal any adverse information.

NEGA-SCAN - ADVERSE DATA MONITORING

DISHONORED CHECKS

No Record Found

DEBT	No Record Found

CIVIL LITIGATION

No Record Found

PERFORMANCE DEFAULTS

No Record Found

ADVERSE LOCAL MEDIA COVERAGE / ADVERSE FILING HISTORY

No Record Found

PAYMENT TERMS

Selling

Type	Terms
Local	Cash on delivery (COD) Credit - Secured with Post-dated checks 30~60 days
Export	Letter of Credit (At-sight) Telegraphic Transfer (T/T) - Received at time of transaction

Purchasing

Type	Terms
Local	Cash on delivery (COD) Credit - Secured with Post-dated checks 30~60 days

BANK DETAILS

Bank Name	:	BANK OF TOKYO-MITSUBISHI UFJ LTD, THE
Global Identifier	:	P0006866
Branch	:	Chiyoda-ku,Tokyo
Branch Address	:	TOYOHASHI
SWIFT Code	:	BOTKJPJT
Bank Name	:	GAMAGORI SHINKIN BANK, THE
Global Identifier	:	P0409061
Branch	:	Gamagori-shi
Branch Address	:	TOYOHASHI
SWIFT Code	:	This bank does not have a SWIFT Code

RELATED PARTIES

(Subsidiaries , Joint-ventures & Affiliates)

The following provides a summary of the number of businesses that are related to DAISAN CORP:

TYPE	DOMESTIC	INTERNATIONAL
	TOTAL	Africa	Asia / Pacific	Europe	Middle-East	North America	South America	TOTAL
Subsidiaries	3	-	1	-	-	-	-	1
Joint-Ventures	-	-	-	-	-	-	-	-
Minority shareholdings	-	-	-	-	-	-	-	-
Affiliates	1	-	-	-	-	-	-	-
Liaison / Representative Offices	-	-	-	-	-	-	-	-

Domestic

Business Entity Name	:	DAISAN FILMS CONVERTING CO LTD
Global Identifier	:	P0648652
Country	:	Japan
Relationship	:	Subsidiary
Relationship Details	:	Strategic alliance
Operational Address	:	Temma 2-2 Mukaiyama-Cho, Mukaiyama-cho, Toyohashi-shi, Aichi 4400864
Primary Business Activity	:	Manufacturer
Industry	:	Paper, Pulp & Products

Business Entity Name	:	TAIKO HOZAI CO LTD
Global Identifier	:	P3331335
Country	:	Japan
Relationship	:	Affiliate
Relationship Details	:	Strategic alliance
Primary Business Activity	:	Service
Industry	:	Professional Services

Business Entity Name	:	TOSHO CHEMICAL CO LTD
Global Identifier	:	P3331336
Country	:	Japan
Relationship	:	Subsidiary
Relationship Details	:	Strategic alliance
Primary Business Activity	:	Trader
Industry	:	Chemicals

Business Entity Name	:	TOYO CAP MANUFACTURER CO LTD
Global Identifier	:	P3331338
Country	:	Japan
Relationship	:	Subsidiary
Relationship Details	:	Strategic alliance
Primary Business Activity	:	Manufacturer
Industry	:	Packaging

International

Business Entity Name	:	DAISAN INTERNATIONAL HOLDINGS LTD
Global Identifier	:	P3331333
Country	:	Hong Kong
Relationship	:	Subsidiary
Relationship Details	:	Strategic alliance
Primary Business Activity	:	Service
Industry	:	Financial Services - General

SHAREHOLDERS

Total number of shareholders	:	3
Total number of shares	:	620,000

Currency

:

JPY - Japanese Yen

No.	Shareholders	Country	Shares
			Number	Amount (JPY)	%
1	Mr. Takayoshi Matsui	Japan	500,000	25,000,000	80.64
2	Ms. Mieko Matsui	Japan	90,000	4,500,000	14.52
3	Mr. Eijiro Matsui	Japan	30,000	1,500,000	4.84
Total			620,000	31,000,000	100.00

Today's Exchange rate

:

1.00 JPY Japanese Yen

=

0.008293 USD United States Dollars

Based on corporate statutory laws / regulations in Japan, there is no requirement for public disclosure of Shareholders. In this case, the Shareholders information was supplied by the Subject Business Entity.
However in the absence of data normally obtained from local Statutory Authorities, it is not possible to verify the accuracy of data supplied and hence is provided as reference ONLY.

COMPANY DIRECTORS

1
Personal Unique Identifier	:	MI03924613
Name	:	Mr. Eijiro Matsui
Name in local language	:	松井英治郎
Date of Birth	:	26 Feb, 1933
Registered Address	:	12-6 Mukaiyama-daimachi ,Toyohashi-shi ,Aichi 4400865
Country of Residence	:	Japan
2
Personal Unique Identifier	:	MI03924612
Name	:	Mr. Hirokazu Matsui
Name in local language	:	松井宏員
3
Personal Unique Identifier	:	MI03924615
Name	:	Mr. Takayoshi Matsui
Name in local language	:	松井孝悦
4
Personal Unique Identifier	:	MI03924616
Name	:	Ms. Hiroyo Matsui
Name in local language	:	松井浩世
5
Personal Unique Identifier	:	MI03924614
Name	:	Ms. Mieko Matsui
Name in local language	:	松井美江子

INTERNATIONAL TRADE - Activity & Markets

Country / Region	Trading Activity
Asia / Pacific	Exporting
Hong Kong	Exporting

OVERSEAS CUSTOMERS

Business Entity Name	Global Identifier	Country
DAISAN INTERNATIONAL HOLDINGS LTD	P3331333	Hong Kong

DOMESTIC SUPPLIERS

Business Entity Name	Global Identifier
DIC CORP	P0007002
ITOCHU CORP	P0000656
LION IDEMITSU COMPOSITES CO LTD	P3331344
MITSUI & CO PLASTICS LTD	P3331345

DOMESTIC CUSTOMERS

Business Entity Name	Global Identifier
TOSHO CHEMICAL CO LTD	P3331336
TOYO CAP MANUFACTURER CO LTD	P3331338

OFFICE & FACILITIES

The following information relates to the Business Entity's office as listed above:

Name	:	DAISAN CORP - TOYOHASHI-SHI, AICHI
Primary Use	:	Office & Administration facilities
Address	:	52 Shinmei-cho, Toyohashi-shi, Aichi 4400882
Country	:	Japan
Status	:	Operational

STRATEGIC PARTNER/S & ALLIANCES

Group / Alliance name	:	DAISAN GROUP
Holding Company	:	DAISAN CORP
Country	:	Japan

MERGER

Merger ( 1 )

Date of Merger	:	1 Nov, 2014
Circumstances Involved	:	Amicable merger

Parties Involved

Business Entity Name	Country
SAMPO KAKO CO LTD	Japan

Merger ( 2 )

Date of Merger	:	1 Jan, 2015
Circumstances Involved	:	Amicable merger

Parties Involved

Business Entity Name	Country
DAISAN PLANNING CO LTD	Japan

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.66.09
UK Pound	1	Rs.101.04
Euro	1	Rs.70.86

INFORMATION DETAILS

Analysis Done by :	TRI
Report Prepared by :	NIT

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
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
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
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
<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%)

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