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Tokyo Plast


Tokyo Plast is in the business of manufacturing thermoware products used to maintain temperature such as insulated ice boxes, water bottles, food carriers etc.

The company has reported reasonable growth in revenues and operating profits over the last five years – reporting about 7cr in operating profits on revenues of about 50cr in the last financial year.  It operated with a modest net debt position of about 13cr.

The business is subject to crude oil price spikes impacting its raw material costs.  It is also exposed to Chinese competition in this product category and adverse movements in foreign exchange with a large proportion of exports constituting its total sales.
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