MIRA
INFORM REPORT
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Report Date : |
11th
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
TOSMAX
CO. LTD. |
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Registered Office : |
Sowa Gotanda Bldg 1F, 2-7-18 Higashigotanda
Shinagawaku 141-0022 Japan |
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Country : |
Japan |
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Date of Incorporation : |
January
1994 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, wholesale of shoes, kids car,
tricycles |
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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Maximum Credit Limit : |
YEN 61.2 MILLION |
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Status : |
Satisfactory
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Payment Behaviour : |
Regular
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Litigation : |
Clear |
Company Name
TOSMAX CO LTD
REGD NAME
Tosmax KK
MAIN OFFICE
Sowa Gotanda Bldg 1F, 2-7-18 Higashigotanda
Shinagawaku 141-0022 JAPAN
Tel :
03-5475-6655
Fax :
03-5475-6656
URL : http://www.kids-car.jp/
E-Mail address : (thru the URL)
ACTIVITIES
Import, wholesale of shoes, kids car,
tricycles
BRANCHES
Osaka, Okazaki
FACTORY(IES)
(subcontracted overseas)
OFFICERS
IICHIRO HAGA, PRES
Akio Haga, ch
Yuka Haga, dir
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 3,327 M
PAYMENTS REGULAR CAPITAL Yen 90 M
TREND SLOW WORTH Yen 282 M
STARTED 1994 EMPLOYES 20
COMMENT
IMPORTER AND WHOLESALER SPECIALIZING IN
FOOTWEAR & KIDS CARS. FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 61.2 MILLION, 30
DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company was established on
the basis of the import division separated from Toyo Corporation, Kariya Aichi-Pref (see REGISTRATION) in order
to import footwear, kid’s cars and other children’s goods. Akio is concurrently ch and Iichiro dir at
the parent, respectively. Goods are subcontracted mfg at overseas
factories. Clients include major chain
stores, specialty stores, other, nationwide.
Financials are only partially disclosed.
FINANCIAL INFORMATION
The sales volume for Jan/2006 fiscal
term amounted to Yen 3,327 million, a 10% down from Yen 3,700 million in the
previous term. Hurt by severer
competition among the trade over footwear prices. Bargain sales are frequently held at supermarkets, etc. The net profit decreased to Yen 38 million
from Yen 42 million a year ago.
For the current term ending Jan 2007
the net profit is projected at Yen 40 million, on a 5% rise in turnover, to Yen
3,500 million. Weaker Yen is expected
to contribute to the sales in Yen terms.
The financial situation is considered
maintained FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 61.2
million, on 30 days normal terms.
REGISTRATION
Date Registered : Jan 1994
Legal Status : Limited Company (Kabushiki Kaisha)
Authorized : 7,200 shares
Issued :
1,800 shares
Sum :
Yen 90 million
Major shareholders (%)
Toyo Corp*(100)
*.. Toyo Corporation, Kariya City
Aichi-Pref, founded 1963, importer of machine tools, capital Yen 485 million,
turnover Yen 85,100 million, net profit Yen 750 million, employees 350, pres
Shoichiro Haga
Nothing detrimental is known as to the
commercial morality of executives.
OPERATION
Activities: Imports and wholesales
footwear, kid’s cars, tricycles, pre-school toys, radio-controlled toys, other
children’s goods (--100%).
Clients
[Chain stores, wholesalers] Chiyoda Co,
Aeon Co, Daiei Inc, Asakura Shokai, other.
No. of accounts
500
Domestic areas of activities
Nationwide
Suppliers
[Mfrs, wholesalers] Supplied from Toyo
Corporation, the parent.
Payment record
Regular
Location
Business area in Tokyo. Office premises at the caption address are
leased and maintained satisfactorily.
Bank References
Bank of Tokyo-Mitsubishi UFJ (Kariya)
Sokai Shinkin Bank (Kariya)
Relations: Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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31/01/2007 |
31/01/2006 |
31/01/2005 |
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Annual Sales |
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3,500 |
3,327 |
3,700 |
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Recur. Profit |
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.. |
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Net Profit |
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40 |
38 |
42 |
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Total Assets |
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N/A |
N/A |
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Net Worth |
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282 |
244 |
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Capital, Paid-Up |
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90 |
90 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
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<Analytical
Data> |
(%) |
(%) |
(%) |
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S.Growth Rate |
5.20 |
-10.08 |
5.71 |
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Current Ratio |
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.. |
.. |
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N.Worth Ratio |
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.. |
.. |
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N.Profit/Sales |
1.14 |
1.14 |
1.14 |
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Notes: Financials are not disclosed
only except the above partial figures.
Forecast (or estimated) figures for
31/01/2007 fiscal term.
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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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