MIRA
INFORM REPORT
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Report Date : |
07.09.2007 |
IDENTIFICATION DETAILS
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Name : |
TASHIKA BOEKI SHOKAI KK |
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Registered Office : |
29-M-1003 |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
Apr 1997 |
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Legal Form : |
Limited Company (Kabushiki
Kaisha) |
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Line of Business : |
Export of gas sensors,
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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Maximum Credit Limit : |
Yen 1.8 millions |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
name
TASHIKA BOEKI SHOKAI KK
REGD NAME
Tashika Boeki
Shokai KK
MAIN OFFICE
29-M-1003
Shin-Ashiya-Kami
Tel : 06-6876-9035
Fax : 06-6876-2105
URL : http://www.2.gool.com.users/tashika
E-Mail
address: tashika.gol.com
ACTIVITIES
Export
of gas sensors, measuring instruments.
BRANCHES
Nil
FACTORY(IES)
(Subcontracted)
OFFICERS
RAJESH
TOSHBIWAL, PRES
KENJI FUJIWARA, DIR
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 100 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND STEADY WORTH Yen
59 M
STARTED 1997 EMPLOYES 3
COMMENT
TRADING FIRM FOR EXPORT OF GAS SENSORS & MEASURING APPARATUS. FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 1.8 MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company was established by Rajesh Toshniwal, Indian
businessman residing in
FINANCIAL INFORMATION
The sales volume for Mar/2007 fiscal term amounted to Yen 100 million, a 48% down from Yen 105 million in the previous term. Some products were short delivered. The net profit remained similar at Yen 10 million
For the current term ending Mar 2008 the net profit is projected at Yen 10 million, on a 10% rise in turnover, to Yen 110 million. Weaker Yen will contribute.
The financial situation is considered maintained FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 1.8 million, on 30 days normal terms.
REGISTRATION
Date
Registered: Apr 1997
Legal
Status: Limited Company
(Kabushiki Kaisha)
Authorized: 800 shares
Issued: 200 shares
Sum: Yen 10 million
Major shareholders (%): Rajesh Toshniwal (100)
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Manufactures (subcontracted) and exports infrared thermometers, gas sensors, components for temperature sensor assemblies, others (--100%).
Clients:
[Mfrs, wholesalers] Exports to
No. of
accounts: Unavailable
Domestic
areas of activities: Centered in greater-Osaka
Suppliers: [Mfrs, wholesalers] Hayashi Denkoh Co, Figaro Engineering, Shimaden Co, Okazaki Mfg, other. European mfrs for exports.
Payment
record: Regular
Location: Business area in
Bank References
State
Bank of
MUFG
(Semba-Chuo)
Relations:
Satisfactory.
FINANCES
(In
Million Yen)
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Terms Ending: |
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31/03/2008 |
31/03/2007 |
31/03/2006 |
31/03/2005 |
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Annual
Sales |
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110 |
100 |
105 |
70 |
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Recur.
Profit |
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Net
Profit |
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10 |
10 |
10 |
7 |
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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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59 |
49 |
39 |
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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 |
10.00 |
-4.76 |
50.00 |
75.00 |
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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 |
9.09 |
10.00 |
9.52 |
10.00 |
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Note: Financials
are only partially disclosed.
Forecast
(or estimated) for the 31/03/2008 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. |
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%)