MIRA
INFORM REPORT
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Report Date : |
06.10.2007 |
IDENTIFICATION DETAILS
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Name : |
TOKYO TECHNICAL INSTRUMENTS INC |
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Registered Office : |
4-38-10 Kamiikedai Ohtaku |
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Country : |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
April, 1975 |
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Legal Form : |
Limited Company (Kabushiki
Kaisha) |
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Line of Business : |
Manufacturer of gear measuring instruments |
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 : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
NAME & ADDRESS
TOKYO TECHNICAL INSTRUMENTS INC
REGD NAME : KK Tokyo Technical
MAIN OFFICE : 4-38-10
Kamiikedai Ohtaku
Tel : 03-3726-4188
Fax : 03-3726-1895
URL : http://www.tti-geartec.jp
E-Mail address : (thru the URL)
ACTIVITIES
Mfg of gear measuring instruments
BRANCHES
FACTORY(IES)
Ashikaga
OFFICERS
MASATOSHI YUZAKI, PRES
Jiro Kawasaki, dir
Etsuko Yuzaki, dir
Yen Amount
In million Yen, unless otherwise
stated
SUMMARY
FINANCES FAIR A/SALES Yen 1,000 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND STEADY WORTH Yen 106 M
STARTED 1975 EMPLOYES 28
COMMENT
MFR SPECIALIZING IN GEAR TESTING MACHINES.FINANCIAL
SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 21 MILLION, 30
DAYS NORMAL TERMS. .
HIGHLIGHTS
The subject company was established
by Masatoshi Yuzaki in order to make most of his experience in the subject line of business. This is a specialized
mfr of gear measuring & testing instruments, with CNC gear measuring system
as mainline. Clients include major
industrial machines mfrs. Active in
overseas operation with Shanghai Office opened for marketing & sales.
FINANCIAL
INFORMATION:
The sales volume for Dec/2006 fiscal
term amounted to Yen 1,000 million, a less than 1% down from Yen 1,008 million
in the previous term. Exports of some
units were slipped into this term. The
net profit is believed posted at Yen 15 million. This compares with Yen 61 million net profit
a year ago. This is said included some
extraordinary profits, details unavailable.
For the current term ending Dec 2007
the net profit is projected at Yen 17 million, on a 20% rise in turnover, to
Yen 1,200 million. Exports continues
rising. Weaker Yen will assist to uplift
sales amount in Yen terms.
The financial situation is considered
maintained FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 21
million, on 30 days normal terms.
REGISTRATION
Date Registered : Apr 1975
Legal Status : Limited Company (Kabushiki Kaisha)
Authorized : 64,000 shares
Issued : 16,000 shares
Sum :
Yen 10 million
Major shareholders
(%)
Masatoshi Yuzaki (66), Etsuko Yuzaki
(33), Jiro Kawasaki (1)
No. of shareholders: 3
Nothing detrimental is known as to
the commercial morality of executives.
OPERATION
Activities: Manufactures gear
measuring instruments (100%): CNC gear measuring system, double flank gear
rolling testers, “Station Free” “Self Leveling” gear checkers, gear runout
checkers, others.
Goods are exported.
Clients: [Mfrs, wholesalers] Fuji
System Engineering, Kanematsu KGK, Toyota Tsusho Corp, Nachi-Fujikoshi Corp,
Hamai Co, Mitsui Bussan Machinery, other.
No. of accounts: 500
Domestic areas of activities:
Nationwide
Suppliers: [Mfrs, wholesalers]
Ogasawara Precision Laboratory, Mikasa Inc, Kume Seisakusho, Hamai & Co,
Kurayoshi Kiko, other.
Payment record
Regular
Location
Business area in
Bank References
MUFG (Gotanda)
Mizuho Bank (Kugahara)
Relations: Satisfactory
FINANCES: (In Million Yen)
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Terms Ending: |
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31/12/2007 |
31/12/2006 |
31/12/2005 |
31/12/2004 |
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Annual Sales |
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1,200
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1,000
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1,008
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677 |
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Recur. Profit |
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Net Profit |
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17 |
15 |
61 |
9 |
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Total Assets |
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N/A |
N/A |
N/A |
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Net Worth |
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Capital, Paid-Up |
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10 |
10 |
10 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
20.00
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-0.79
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48.89
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15.92
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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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.. |
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N.Profit/Sales |
1.42 |
1.50 |
6.05 |
1.33 |
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Note: Financials are only partially disclosed.
Forecast (or estimated) for the 31/12/2007 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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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%)