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Report No. : |
345937 |
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Report Date : |
17.10.2015 |
IDENTIFICATION DETAILS
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Name : |
MITSUBISHI SHOJI PACKAGING
CORPORATION |
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Registered Office : |
Nihombashi Maruzen Tokyu Bldg,
2-3-10 Nihombashi Chuoku Tokyo103-0027 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2015 |
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Date of Incorporation : |
April
1976 |
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Com. Reg. No.: |
0100-01-058097 |
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Legal Form : |
Limited Company |
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Line of Business : |
Imports, exports and wholesales: packaging materials &
machinery, corrugated board base paper, corrugated board products, paper
& paper boards products, container boards, aluminum foil, other |
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No. of Employees : |
192 |
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 : |
Good |
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Payment Behaviour : |
Regular |
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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 |
MITSUBISHI SHOJI PACKAGING CORPORATION
REGD NAME: Mitsubishi Shoji Packaging KK
MAIN OFFICE: Nihombashi Maruzen Tokyu Bldg, 2-3-10
Nihombashi Chuoku Tokyo
103-0027
JAPAN
Tel: 03-3243-8200
Fax: 03-3243-8209
URL: http//:www.mcpackaging.co.jp
E-mail: info@mcpackaging.co.jp
ACTIVITIES: Import, export, wholesale of packaging
materials, paper boards, other
BRANCHES: Osaka, Nagoya, Fukuoka
OFFICER(S): HIRONOBU ABE, PRES Hitoshi Shiono, s/mgn dir
Hiroyuki
Shirahashi, mgn dir Takashi Goto,
mgn dir
Tetsuya Furuichi, mgn
dir Yoshihiro Sato,
mg dir
Yen
Amount: In million Yen, unless otherwise
stated
SUMMARY: FINANCES FAIR A/SALES Yen 172,791 M
PAYMENTS REGULAR CAPITAL Yen 341 M
TREND UP WORTH Yen 11,266 M
STARTED 1976 EMPLOYES 192
TRADING
FIRM SPECIALIZING IN PACKAGING MATERIALS, PAPER
BOARDS, OTHER, AFFILIATED TO MITSUBISHI
CORP.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
The
subject company was established on the basis of a division separated from
Mitsubishi Corp (See RGISTRATION). This is a trading firm specializing in
import, export and wholesale of: packaging materials & machinery,
corrugated board paper & products, container boards, paper & paper
board products, other. Clients include
major food mfrs, beer breweries, restaurants, chain stores, other, nationwide.
The sales volume for Mar/2015 fiscal term amounted to Yen
172,791 million, a 4% up from Yen 166,137 million in the previous term. Strong exports and sales increased. The recurring profit was posted at Yen 2,539
million and the net profit at Yen 2,172 million, respectively, compared with
Yen 3,015 million recurring profit and Yen 1,817 million net profit,
respectively, a year ago. .
For the current term ending Mar 2016 the recurring profit is
projected at Yen 2,600 million and the net profit at Yen 2,200 million,
respectively, on a 3% rise in turnover, to Yen 178,000 million.
The financial situation is considered FAIR and good for
ORDINARY business engagements. Max
credit limit is estimated at Yen 2,497.7 million, on 30 days normal terms.
Date Registered: Apr 1976
Regd No.: 0100-01-058097
(Tokyo-Chuoku)
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 1.528 million shares
Issued: 382,000
shares
Sum: Yen 341 million
Major shareholders (%): Mitsubishi
Corp* (92), Mitsubishi Plastics (8)
No. of shareholders: 2
*.. Largest trading house and
core firms of Mitsubishi Group, founded 1950, listed Tokyo S/E, capital Yen
204,447 million, sales Yen 7,669,489 million, operating profit Yen 212,059
million, recurring profit Yen 574,722 million, net profit Yen 400,574 million,
total assets Yen 16,730,395 million, net worth Yen 5,596,395 million, employees
71,994, pres Ken Kobayashi
Nothing detrimental is known as
to the commercial morality of executives.
Activities: Imports, exports and wholesales:
packaging materials & machinery, corrugated board base paper, corrugated
board products, paper & paper boards products, container boards, aluminum
foil, other (--100%).
Clients: [Mfrs, wholesalers] Mitsubishi Corp,
Lawson, Kirin Breweries, Kirin Beverages, Coca Cola Central Japan, Nisshin
Foods, Meiji Dairies, Kentucky Fried Chickens Japan, Toppan Printing, Dainippon
Printing, Tomoku Co, other
No. of
accounts: 1,000
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Mitsubishi Corp,
Mitsubishi Chemical, Mitsubishi Aluminium, Mitsubishi Paper Mills, Mitsubishi
Plastics, Tokai Pulp, Japan Polychem Corp, other.
Payment record:
Regular
Location:
Business area in Tokyo. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References:
MUFG (Yaesudori)
Mitsubishi UFJ Trust
Bank (H/O)
Relations: Satisfactory
(In Million Yen)
|
Terms Ending: |
31/03/2016 |
31/03/2015 |
31/03/2014 |
31/03/2013 |
|
|
Annual Sales |
|
178,000 |
172,791 |
166,137 |
163,225 |
|
Recur. Profit |
|
2,600 |
2,539 |
3,015 |
3,091 |
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Net Profit |
|
2,200 |
2,172 |
1,817 |
1,876 |
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Total Assets |
|
|
46,834 |
44,636 |
48,264 |
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Current Assets |
|
|
44,654 |
42,194 |
45,499 |
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Current Liabs |
|
|
34,939 |
33,037 |
35,683 |
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Net Worth |
|
|
11,266 |
10,909 |
10,940 |
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Capital, Paid-Up |
|
|
341 |
341 |
341 |
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Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
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<Analytical Data> |
|
(%) |
(%) |
(%) |
(%) |
|
S.Growth Rate |
|
3.01 |
4.01 |
1.78 |
1.65 |
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Current Ratio |
|
.. |
127.81 |
127.72 |
127.51 |
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N.Worth Ratio |
|
.. |
24.06 |
24.44 |
22.67 |
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R.Profit/Sales |
|
1.46 |
1.47 |
1.81 |
1.89 |
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N.Profit/Sales |
|
1.24 |
1.26 |
1.09 |
1.15 |
|
Return On Equity |
|
.. |
19.28 |
16.66 |
17.15 |
Notes: Forecast (or estimated) figures
for the 31/03/2016 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.64.97 |
|
UK Pound |
1 |
Rs.100.55 |
|
Euro |
1 |
Rs.73.99 |
INFORMATION DETAILS
|
Analysis
Done by : |
DIV |
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|
|
|
Report
Prepared by : |
VNT |
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.