MIRA
INFORM REPORT
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Report Date : |
24.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
TOWA PRINT KOUGYOU INC |
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Registered Office : |
336-1, Nibukatamachi Hachioji City, Tokyo-Metrop 193-0822 |
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Country : |
Japan |
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Financials (as on) : |
30.09.2008 |
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Date of Incorporation : |
May 1981 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufactures printed wiring circuit boards & assembly
(--100%). |
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 139.9 Million |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
TOWA PRINT KOUGYOU INC
REGD NAME : Towa Print Kougyou KK
MAIN OFFICE : 336-1 Nibukatamachi Hachioji City
Tokyo-Metrop 193-0822 JAPAN
Tel :
042-666-0272 Fax: 042-666-7203
* Moved to the caption address in Jun 2007 from the former at:
5-6-5 Sandamachi Hachioji City Tokyo-Metrop
URL : http://www.twp.co.jp
E-Mail address : info@twp.co.jp
ACTIVITIES : Mfg of printed wiring boards &
attachment
BRANCHES : Tokyo
OVERSEAS :
YSP Trading Co Ltd (Hong Kong
& Guangzhou) (subsidiary)
FACTORY(IES) : Hachioji (3)
OFFICER(S) : Shiro Mimura, ch YUSUKE
MIMURA, PRES
Keizo
Shirouzu, dir Kenta
Miyashita, dir
Yen Amount : In million Yen, unless otherwise stated
SUMMARY : FINANCES FAIR A/SALES Yen 8,574 M
PAYMENTS REGULAR CAPITAL Yen 20 M
TREND STEADY WORTH Yen
1,640 M
STARTED 1981 EMPLOYES 140
COMMENT : MFR SPECIALIZING IN PRINTED WIRING
BOARDS.
FINANCIAL
SITUATION CONSIDERED FAIR AND GOOD FOR
ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT : YEN 139.9 MILLION, 30 DAYS NORMAL
TERMS
HIGHLIGHTS
The subject
company was established by Shiro Mimura in order to make most of his experience
in the subject line of business. Yusuke
is his son, who took the pres office in Feb 2004, when Shiro promoted to
ch. This firm specialized in mfg
printed wiring circuit boards. Has
three factories in Hachioji with four subsidiaries working for the product
development and mfg. Clients are
electronics mfrs nationwide.
FINANCIAL INFORMATION
The sales
volume for Sept/2007 fiscal term amounted to Yen 8,574 million, a 21% hike from
Yen 7,067 million in the previous term, thanks to rising demand from
electronics makers. The net profit was
posted at Yen 207 million, compared with Yen 1 million net profit a year ago.
For the Sept
2008 term ending 300 the net profit is projected at Yen 5 million, on a 5% rise
in turnover, to Yen 9,000 million.
The financial
situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 139.9
million, on 30 days normal terms.
REGISTRATION
Date Registered : May 1981
Legal Status : Limited Company (Kabushiki Kaisha)
Authorized : 160,000 shares
Issued : 40,000 shares
Sum :
Yen 20 million
Major shareholders (%): Shiro Miura (50), Yusuke Mimura (30),
Hisako Mimura (20)
No. of shareholders :
3
Nothing detrimental is known as to the commercial morality
of executives.
OPERATION
Activities :
Manufactures printed wiring
circuit boards & assembly (--100%).
Clients :
[Electronics mfrs] Mitsubishi
Electric, Aika Denshi, Toei Denshi, Kaga
Electronics, Daisho
Denshi, other.
No. of accounts :
300
Domestic areas of activities: Nationwide
Suppliers :
[Mfrs, wholesalers] Nikko Metal
Plating, Ishii Chemicals, Mikuni Shoji,
Azuma, Matsushita Electric Works Electronics Materials Sale, Use Tech
Inc, TS Giken, other.
Payment record :
Regular
Location :
Business area in Hachioji City,
Tokyo-Metrop. Office premises at the
caption
address are owned and maintained satisfactorily.
Bank References
Ø
Resona Bank (Hachioji)
Ø
Shoko Chukin Bank (Hachioji)
Relations :
Satisfactory
FINANCIAL
FINANCES: (In Million Yen)
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Terms Ending: |
30/09/2008 |
30/09/2007 |
30/09/2006 |
30/09/2005 |
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Annual Sales |
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9,000 |
8,574 |
7,067 |
5,131 |
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Recur. Profit |
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330 |
9 |
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Net Profit |
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300 |
207 |
1 |
328 |
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Total Assets |
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7,786 |
7,708 |
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Current Assets |
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4,878 |
4,749 |
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Current Liabs |
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3,063 |
2,915 |
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Net Worth |
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1,640 |
1,432 |
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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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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
4.97 |
21.32 |
-31.10 |
11.10 |
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Current Ratio |
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159.26 |
162.92 |
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N.Worth Ratio |
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21.06 |
18.58 |
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R.Profit/Sales |
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3.85 |
0.13 |
.. |
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N.Profit/Sales |
3.33 |
2.41 |
0.01 |
6.39 |
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Return On Equity |
.. |
12.62 |
0.07 |
.. |
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Notes :
Forecast (or estimated) figures
for the 30/09/2008 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/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%)