MIRA INFORM REPORT

 

 

Report No. :

350233

Report Date :

23.11.2015

 

IDENTIFICATION DETAILS

 

Name :

TAIKOU HOUZAI CO LTD

 

 

Registered Office :

2-2 Denma, Mukaiyama-cho, Toyohashi-Shi, Aichi 4400864

 

 

Country :

Japan

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

10.09.1969

 

 

Legal Form :

Private Company with Limited Liability

 

 

Line of Business :

Trader of Packaging.

 

 

No. of Employees :

10

 

 

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

 

TAIKOU HOUZAI CO LTD

 

 

Company Details

 

Country

:

Japan

Business Entity Name

:

TAIKOU HOUZAI CO LTD (1)

Name in Local Language

:

大幸包材 株式会社

Operating Address

:

2-2 Denma, Mukaiyama-cho, Toyohashi-shi, Aichi 4400864

Tel

:

[+81] 532-610141

Fax

:

[+81] 532-610142

Primary Business Activity

:

Trader

Primary Industry

:

Packaging

 

 

Key Facts

 

Registered Legal Address

:

2-2 Denma, Mukaiyama-cho, Toyohashi-shi, Aichi 4400864

License Number

:

1803-01-006050

Date of Registration

:

10 Sep, 1969

Issuing Authority

:

Legal Affairs Bureau, Ministry of Justice - National

Legal Form - Category

:

Private Company with Limited Liability

Legal Form

:

Company Limited

Legal Form - Abbreviation

:

CO LTD

License Status

:

License exists - Normal.

Operational Status of Business

:

Normal

Employees

:

10

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)

 

Missing Financials

Reasons

2012, Annual

Financials for this year should be available, but are not for unknown reasons.

2013, Annual

Financials for this year should be available, but are not for unknown reasons.

2014, Annual

Financials for this year should be available, but are not for unknown reasons.

 

 

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

 

 

Fullcheck Report Details

 

 

Country

:

Japan

Business Entity Name

:

TAIKOU HOUZAI CO LTD

Primary Business Activity

:

Trader

Primary Industry

:

Packaging

Office Contact Details

Operating Address

:

2-2 Denma, Mukaiyama-cho, Toyohashi-shi, Aichi 4400864

Tel

:

[+81] 532-610141

Fax

:

[+81] 532-610142

 

 

 

 

SIC PRODUCT CLASSIFICATION & ACTIVITY

 

 

 

Product/Service Description

Code

Activity

Coat/Laminate Paper Packaging

2671

Trading

Equipment Rental/Leasing, NEC

7359

Service

Insurance Agent/Broker/Service       

6411

Service

Plastics film, strips, and sheets, unsupported

3081

Trading

Plastics, foil, and coated paper bags

2673

Trading

 

 

 

 

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

 

 

 

Product/Service Description

Code

Activity

Articles for the conveyance or packing of goods,etc,of plastic,nesoi

3923900000

Trading

Equipment rental and leasing, nec

9913

Service

Insurance agents, brokers, & service

9938

Service

Packing containers, of paper, paperboard, cellulose wadding or webs of cellulose fibers

4819504060

Trading

 

 

 

 

DETAILED PRODUCT CLASSIFICATION & ACTIVITY

 

 

 

Products / Materials / Services Description

Ranking

Activity

Insurance brokerage

Secondary

Service

Machinery rentals

Secondary

Service

Real estate brokerage

Secondary

Service

 

 

 

 

CORE BUSINESS DESCRIPTION

 

 

 

Core Business

 

The primary business focus of TAIKOU HOUZAI CO LTD is Trading - Finished products.

Key product include :

·         Packaging materials

 

 

 

Supplementary Business

 

In addition to the core business, TAIKOU HOUZAI CO LTD also is engaged in the following areas of business:

1.     Service

·         Specialized professional services, including:

§  Insurance brokerage

§  Machinery rentals

§  Real estate brokerage

 

 

 

 

DOMESTIC SALES & PURCHASES

 

 

 

Annual Sales Analysis

Percentage

Domestic Sales

100%

Description: http://www.global-creditreports.com/image/pie/Domestic_Sales_100.png

 

 

 

Annual Purchases Analysis

Percentage

Local Purchases

100%

Description: http://www.global-creditreports.com/image/pie/Domestic_Sales_100.png

 

 

 

 

DIRECT / INDIRECT CORPORATE PARENT DETAILS

 

 

 

Direct Corporate Parent

:

DAISAN CORP

Global Identifier

:

P0648652

Legal Form Category

:

Private Company with Limited Liability

Country

:

Japan

Operational Address

:

52 Shinmei-cho Toyohashi-shi Aichi 4400882

Primary Business Activity

:

Trader

 

 

COMPANY MANAGEMENT

 

Management Listings

 

Name

Nationality

Job Description

Dept. / Division

1

Mr. Eijiro Matsui

Japanese

n/a

-

 

 

Management Details - 1

Personal Unique Identifier

:

MI03924413

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

 

 

CAPITAL

(Currency: JPY - Japanese Yen)

 

No. of Authorized Shares

:

2,400

Paid-up Capital

:

¥ 10,000,000

 

 

FINANCIAL STATEMENT - DETAILED

 

As a Private Company with Limited Liability in Japan, there is no legal requirements for the Subject Business Entity ("SBE") to make any public disclosure of their own financials. However, the SBE is owned by a larger company , which does have disclosed consolidated financials, incorporating the turnover, assets and profits of the SBE.


Hence the financials listed below are those of the SBE's Direct Corporate Parent - DAISAN CORP.

Balance Sheet

Currency

:

JPY

Denomination

:

1

Financial Year Ending

:

March

Financial Highlights

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

2014 Annual

Turnover(*)

1,260,150,000

Profit After Tax attributable to Shareholders(*)

92,298,000

Note: (*)

Financial Highlights

 

 

REPUTATION

 

Reference checking for the purpose of establishing TAIKOU HOUZAI CO LTD's reputation within the respective industry failed to reveal any adverse information.

 

 

NEGA-SCAN - ADVERSE DATA MONITORING

 

DISHONORED CHECKS

 

No Record Found

 

Description: http://www.asiancredit.com/Manage/Image/space.gif

 

DEBT

 

No Record Found

 

Description: http://www.asiancredit.com/Manage/Image/space.gif

 

CIVIL LITIGATION

 

No Record Found

 

Description: http://www.asiancredit.com/Manage/Image/space.gif

 

PERFORMANCE DEFAULTS

 

No Record Found

 

Description: http://www.asiancredit.com/Manage/Image/space.gif

 

ADVERSE LOCAL MEDIA COVERAGE / ADVERSE FILING HISTORY

No Record Found

 

 

PAYMENT TERMS

 

Selling

Type

Terms

Local

Cash on delivery (COD)

Credit - Unsecured 30~60 days

 

Purchasing

Type

Terms

Local

Cash on delivery (COD)

Credit - Unsecured 30~60 days

 

 

SHAREHOLDERS

 

Total number of shareholders

:

n/a

Total number of shares

:

600

 

Currency

:

JPY - Japanese Yen

 

No.

Shareholders

Country

Shares

Number

Amount (JPY)

%

1

DAISAN CORP

Japan

400

6,666,667

66.66

2

Undisclosed Shareholders

Japan

200

3,333,333

33.33

Total

600

10,000,000

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.

 

Note:
Based on corporate statutory laws for limited liability companies in Japan, such legal entities maintain the right to only disclose the key shareholder of the company, CONDITIONAL that person (shareholder) is ALSO nominated as the registered person responsible for the actions of the company. In this case, the person listed above, holds that position, and is also a key shareholder.
The remaining shareholders, which are classified under "Undisclosed Shareholders" are not legally required to be disclosed.

 

 

COMPANY DIRECTORS

 

 

1

 

 

Personal Unique Identifier

:

MI03924413

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

:

MI03924415

Name

:

Mr. Takayoshi Matsui

Name in local language

:

松井孝悦

 

3

 

 

Personal Unique Identifier

:

MI03924414

Name

:

Ms. Mieko Matsui

Name in local language

:

松井美江子

 

 

OFFICE & FACILITIES

 

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

Name

:

TAIKOU HOUZAI CO LTD - MUKAIYAMA-CHO, TOYOHASHI-SHI

Primary Use

:

Office & Administration facilities

Address

:

2-2 Denma, Mukaiyama-cho, Toyohashi-shi, Aichi 4400864

Country

:

Japan

Status

:

Operational

 

 

PREVIOUS CONTACT DETAILS

 

Company Address

:

32,Gokan,Shimoji-cho, Toyohashi-shi, Aichi 4400083

Date of Relocation

:

24 May, 1982

 

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 :

KIN

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.