MIRA INFORM REPORT
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Report Date : |
09.04.2011 |
IDENTIFICATION DETAILS
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Name : |
TOC CO LTD |
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Registered Office : |
Toc Bldg, 229 Hojo-Umeharacho |
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Country : |
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Financials (as on) : |
31.07.2010 |
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Date of Incorporation : |
January
1992 |
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Com. Reg. No.: |
( |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, Export, Wholesale of security equipment, OA
business machines |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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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 8.1 Million |
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Status : |
Small Company |
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Payment
Behaviour : |
Regular |
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Litigation : |
----- |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company
name
TOC CO LTD
REGD
NAME
KK T. O. C.
MAIN
OFFICE
Toc Bldg, 229
Hojo-Umeharacho
Tel:
079-284-7787 Fax: 079-264-7786
URL: http://www./toc.ne.jp
E-Mail address: (thru
the URL)
ACTIVITIES
Import,
export, wholesale of security equipment, OA business machines
BRANCHES
OFFICER(S)
KOICHI
KITANO, PRES Hideaki
Uetani, s/mgn dir
Masaru
Morita, mgn dir Akihiro
Shiroshita, dir
Kyoko
Kitano, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 439 M
PAYMENTS REGULAR CAPITAL Yen 30 M
TREND SLOW WORTH Yen
232 M
STARTED 1992 EMPLOYES 42
COMMENT
TRADING FIRM SPECIALIZING IN OA EQUIPMENT.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR CREDIT ENGAGEMENTS:
US$50,000 / O/A 60 DAYS.
MAX
CREDIT LIMIT: YEN 8.1 MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company was established originally in 1988 by Koichi Kitano,
on his account, for selling business machines, and was incorporated in
1992. This is a trading firm, owned and operated
by the Kitano family, for import, export and wholesale of security systems
& anti-crime equipment, business-use OA machines & equipment, business
phones, other. Clients are business
firms.
FINANCIAL
INFORMATION
Financials are only partially disclosed.
The sales volume for Jul/2010 fiscal term amounted to Yen 427 million, a
3% up from Yen 427 million in the previous term. Sales of security systems rose. The net profit was posted at Yen 8 million,
compared with Yen 44 million net losses a year ago.
For the current term ending July 2011 the net profit is projected at Yen
10 million, on a 5% rise in turnover, to Yen 460 million.
The financial situation is
considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 8.1
million, on 30 days normal terms. The
proposed amount for 60 days terms is considered well within the firm’s
financial capacities.
REGISTRATION
Date Registered: Jan 1992
Regd No.: (
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
2,400 shares
Issued: 600
shares
Sum: Yen 30 million
Major
shareholders (%): Koichi Kitano (100)
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports, exports
and wholesales security system, anti-crime equipment (--60%), leasing of
copying machines (20%), business phones (10%), PC’s (10%).
Clients: [Business firms]
Sumishin Panasonic Financial Services, GE Financial Service, Orix Corp, Orient
Corporation, Mitsui Sumitomo Finance & Lease, Mitsubishi UFJ Leasing, NEC
Capital Solution, other
No. of accounts: 300
Domestic areas of
activities: Centered in greater-Osaka
Suppliers: [Mfrs,
wholesalers] Sanyo Electric, Kokuyo S&T, Casio Computer, Daiwabo Information System, Panasonic CC Solutions,
Sun Telephone, Atsumi Electric, other.
Payment record:
Regular
Location:
Business area in
Bank References:
Nishi
Hyogo Shinkin Bank (Harima)
SMBC (
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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31/07/2011 |
31/07/2010 |
31/07/2009 |
31/07/2008 |
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Annual
Sales |
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460 |
439 |
427 |
574 |
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Recur.
Profit |
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Net
Profit |
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10 |
8 |
-44 |
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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232 |
224 |
268 |
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Capital,
Paid-Up |
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30 |
30 |
30 |
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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 |
4.78 |
2.81 |
-25.61 |
19.09 |
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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 |
2.17 |
1.82 |
-10.30 |
1.22 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/07/2011 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.04 |
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1 |
Rs.72.20 |
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Euro |
1 |
Rs.63.40 |
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 |
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 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.