MIRA
INFORM REPORT
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Report Date : |
04.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
TOHSHIN CORPORATION |
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Registered Office : |
Shinkosan Bldg 420, 1-13-38 Nishihonmachi Nishiku Osaka 550-0005 |
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Country : |
Japan |
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Date of Incorporation : |
1998 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Export of Gold Goods, Steel Plates |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
YEN 3.5 Million |
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Status : |
Small Company |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
name of the company
TOHSHIN CORPORATION (SOLE PROPRIETORSHIP)
REGD NAME: Tohshin Boeki (Sole
proprietorship & not registered)
MAIN OFFICE
Shinkosan Bldg 420, 1-13-38 Nishihonmachi Nishiku Osaka 550-0005 JAPAN
Tel: 06-6535-8017 Fax:
06-6535-1006
URL
ACTIVITIES
Export of gold goods, steel plates
BRANCHES
Nil
OFFICER(S)
HIROSHI HARADA, PROPRIETOR
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 200 M
PAYMENTS REGULAR CAPITAL - - -
TREND STEADY WORTH Yen 10 M
STARTED 1998 EMPLOYES 1
COMMENT
SOLE PROPRIETOR SPECIALIZING IN EXPORTING GOLF GOODS &
STEEL PLATES.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT
YEN 3.5 MILLION, 30 DAYS,
RECOMMENDING SECURED TERMS ON NEW TRANSACTION NORMAL TERMS
HIGHLIGHTS
This
is a sole proprietorship founded by Hiroshi Harada in order to make most of his
experience in the subject line of business.
A one-man operated trading firm specializing in exporting golf goods and
steel plates. Golf goods are exported
to Korea, and steel plates to India, Pakistan, Taiwan, Hong Kong, Vietnam,
other S/E Asian countries.
FINANCIAL INFORMATION
Financials
are not disclosed. We have collected
the following figures directly from the pres, Hiroshi Harada, himself. They are believed to be correct. No verification from outside sources, however.
The
sales volume for Dec/2007 fiscal term amounted to Yen 200 million, a 5% up from
Yen 190 million in the previous term.
This is attributed to the rising prices of steel plates, although, H
Harada says, exports volumes were down from the previous year. The net profit was posted at Yen 10 million.
For
the current term ending Dec 2008 the net profit is projected at Yen 10 million,
on a 5% rise in turnover, to Yen 210 million.
The financial
situation is considered maintained FAIR and good for ORDINARY business
engagements. Max credit limit is
estimated at Yen 3.5 million, on 30 days, we recommending secured terms on new
transactions. Financials figures were
only given from the president himself and not verified by outside sources.
normal terms.
REGISTRATION
Date Registered: Not registered
(Founded
1998)
Legal Status: Sole
Proprietorship
Net Worth: Yen
10 million.
This is a sole proprietorship,
owned and operated by Hiroshi Harada.
The net worth is estimated at Yen 10 million, which derived from his
past savings.
Nothing detrimental is known as
to his commercial morality.
OPERATION
Activities: Exports golf goods & steel plates (--100%).
Golf goods are exported to Korea only.
Steel plates are exported to India, Pakistan, Vietnam, Hong
Kong, Taiwan, other.
Clients
[Mfrs, wholesalers] Exports to
Korea, Taiwan, India, Hong Kong, Pakistan, Vietnam, other S/E Asian countries
No. of accounts
Unavailable
Domestic areas of activities
Centered in greater-Osaka
Suppliers
Supplied from domestic suppliers
for exports
Payment record
Regular
Location
Business
area in Osaka. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References
Tokushima Bank (Osaka)
Relations: Money deposits & transfer only
FINANCES: (In Million Yen)
NOT DISCLOSED
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%)