MIRA
INFORM REPORT
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Report Date : |
12.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
TOHZAI SAMTEL CO LTD |
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Registered Office : |
Green Pier 401, 3-4-3 Aso Asoku Kawasaki 215-0021 |
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Country : |
Japan |
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Financials (as on) : |
31.08.2007 |
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Date of Incorporation : |
Apr 1992 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, export of cathode-ray tubes, metal molds, coil springs; Technology transfer business |
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 9.5 millions |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
name
TOHZAI SAMTEL CO LTD
REGD NAME
Tohzai Samtel KK
MAIN OFFICE
Green Pier 401, 3-4-3 Aso Asoku Kawasaki 215-0021 JAPAN
Tel : 044-959-1414
Fax : 044-959-1413
URL : http://www.tohzaisamtel.com/
E-Mail address: mrnt@mnc.biglobe.ne.jp
ACTIVITIES
Import, export of cathode-ray tubes, metal molds, coil
springs; Technology transfer business
BRANCHES
Xlar Enterprises (India); Tohzai Samtel France (TSE)
OFFICER(S)
MATSUO KOYAMA, PRES
Yen Amount: In million
Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 516 M
PAYMENTS REGULAR CAPITAL Yen 20 M
TREND STEADY WORTH Yen 36 M
STARTED 1992 EMPLOYES 5
COMMENT
TRADING FIRM SPECIALIZING IN CATHODE-RAY TUBES, METAL MOLDS, OTHER; TECHNOLOGY TRANSFER BUSINESS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 9.5 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established originally in 1954 by Shigeo Gonda in order to make most of his experience in the subject line of business. In Apr 1992 reorganized the firm and started as Tohzai Samtel Co Ltd. Matsuo Koyama took the post of pres in Jun 1995. He had been engaged in business with India over 40 years. This is a trading firm focusing on business with India, where the firm operates a trading firm, Xlar Enterprises (Chaziabad), opened Jan 1998. Imports cathode-ray tubes, metal molds, etc from India. In Jul 2007, opened a trading firm, Tohzai Samtel France in Lyon, France; and a Japanese restaurant, L’ourson Qui Boit, in Lyon. In Dec 1998, arranged technological assistance agreement on mfg of cathode-ray tubes for TV’s between Mitsubishi Electric Co and Samtel Color Ltd. In 2001, exported 4 cathode-ray tube mfg lines from Hitachi’s Singapore & Malaysia Factories to Hotline CPT Ltd (India). In 2003 started exports of metal molds to India. New business is reported for exports of coil springs (made by Tohatsu Ltd) to Columbia, Chile and Peru.
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Aug/2007 fiscal term amounted to Yen 516
million, a 1.2% up from Yen 510 million in the previous term. The operations plunged into red to register
Yen 5 million net losses for the term.
This is reportedly referred to the evaluation losses of products for
orders received prior to materials costs hikes.
For the current term ending Aug 2008 the operations are projected
to come back to profitability to Yen 2 million net profit, on a 3% rise in
turnover, to Yen 530 million. Newly
received orders from South America will contribute. Weaker Yen will also assist to raise sales in Yen terms.
The financial situation is considered maintained FAIR and good
for ORDINARY business engagements. Max
credit limit is estimated at Yen 9.5 million, on 30 days normal terms.
REGISTRATION
Date Registered: Apr
1992
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 800 shares
Issued: 400
shares
Sum: Yen
20 million
Major shareholders (%): Matsuo
Koyama (80)
No. of shareholders: 5
Nothing detrimental is known as to the commercial morality
of executives.
OPERATION
Activities: Imports, exports and wholesales cathode-ray tubes
(for use in medicals, aircrafts, ships, other), metal molds, gun-type burners,
other industrial equipment; technology transfer business (--100%).
80% of the business is to and from India alone.
Operates a Japanese restaurant in Lyon, France.
Clients: [Mfrs, ministry] National Defense Ministry, Shimadzu Corp, Ozuchi Co, other.
Exports to India, Spain, France, other.
No. of accounts: 300
Domestic areas of activities: Centered in greater-Tokyo.
Suppliers: [Mfrs, wholesalers] Imports from India, Germany,
Sweden, Spain, France, etc. Also
supplied from: Tohatsu Co, Mitsubishi Electric, Japan Gastronics, Punch Ind,
other.
Payment record: Regular
Location: Business area in Kawasaki. Office premises at the caption address are leased and maintained
satisfactorily.
Bank References
MUFG (Roppongi)
SMBC (Akasaka)
Relations: Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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31/08/2008 |
31/08/2007 |
31/08/2006 |
31/08/2005 |
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Annual Sales |
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530 |
516 |
510 |
550 |
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Recur. Profit |
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Net Profit |
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2 |
-5 |
1 |
2 |
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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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36 |
41 |
40 |
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Capital, Paid-Up |
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20 |
20 |
20 |
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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 |
2.71 |
1.18 |
-7.27 |
5.77 |
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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 |
0.38 |
-0.97 |
0.20 |
0.36 |
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Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 31/08/2008 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%)