MIRA INFORM REPORT
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Report Date : |
09.04.2011 |
IDENTIFICATION DETAILS
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Name : |
TOMOCA ELECTRONICS CO LTD |
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Registered Office : |
Akihabara Radio Kaikan 6F, 1-15-16 Sotokanda Chiyodaku |
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Country : |
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Financials (as on) : |
31.08.2010 |
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Date of Incorporation : |
October
1970 |
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Com. Reg. No.: |
(Tokyo-Chiyodaku)
024684 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import,
Export, Wholesale, Retail of audio equipment, security cameras |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
Yen 44.9 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
TOMOCA ELECTRONICS CO LTD
REGD
NAME
Tomoca Denki KK
MAIN
OFFICE
Akihabara Radio Kaikan
6F, 1-15-16 Sotokanda Chiyodaku
Tel:
03-3253-6528 Fax: 03-3253-6519
URL: http://www./tomoca.co.jp
E-Mail address: takuhan@tomoca.co.jp
ACTIVITIES
Import,
export, wholesale, retail of audio equipment, security cameras
STORES
Akihabara
(5)
FACTORIES
(subcontracted)
OFFICER(S)
MAGOMITSU
CHIHANA, PRES
Hironobu
Miyagi, dir
Hiroyuki
Katoh, dir
Yen
Amount: In million Yen, unless otherwise
stated
SUMMARY
FINANCES FAIR A/SALES Yen 2,118 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND STEADY WORTH Yen
194 M
STARTED 1970 EMPLOYES 43
COMMENT
TRADING FIRM SPECIALIZING IN AUDIO EQUIPMENT.
FINANCIAL SITUATION CONSIDERED FAIR
AND GOOD FOR CREDIT ENGAGEMENTS:
US$50,000 / O/A 60 DAYS.
MAX CREDIT LIMIT: YEN 44.9
MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company was established originally in 1955 by Magomasa Chihana, on his account, in order to make most of his experience in the subject line of business, and was incorporated in 1970. Magomitsu is his son. This is a trading firm specializing in import, export, wholesale and retail of audio equipment & peripherals. Operates 5 stores in Akihabara Tokyo. Goods are both imported and exported. Goods are also sold online. Nearly 30% of products are imported.
FINANCIAL
INFORMATION
The sales volume for Aug/2010 fiscal term amounted to Yen
2,118 million, a 4% up from Yen 2,037 million in the previous term. Exports to S/E Asia grew, particularly into
For the current term ending Aug 2011 the recurring profit is
projected at Yen 18 million and the net profit at Yen 12 million, respectively,
on a 4% rise in turnover, to Yen 2,200 million.
The negative impact of the Great East Japan Earthquake on earnings is
spreading. The earnings/profits may fall
amid growing uncertainty over
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 44.9 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: Oct 1970
Regd No.: (Tokyo-Chiyodaku) 024684
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
8,000 shares
Issued:
2,000 shares
Sum: Yen 10 million
Major shareholders (%): Magomitsu Chihana (80), Ikuko
Inoue (10), Yoshiko Mizukaki (10)
No. of shareholders: 3
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities:
Imports, exports, wholesales and retails commercial broadcasting-use audio
& video equipment & peripherals: monitor equipment, earphone amplifier,
VU meter, vibrators, measuring instruments, connector cables, headset,
audio/speaker accessories, security cameras, other (--100%)
Clients: [Broadcasting companies, TV broadcasting companies, electronic mfrs] NHK, TBS TV Broadcasting, Nippon TV Broadcasting, Sanshin Electronics, Yamaha Corp, Toyo Engineering, Den-on Engineering, other
No. of accounts: 500
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Canare Electric Co, Yamaha Corp, Panasonic Corp, Teac Co, Neutrik, Sony Marketing, EVI Audio, Audio Technica, Belden, Roland Corp, other.
Payment record:
Regular
Location:
Business area in
Bank References:
MUFG
(Akihabara)
Tokyo City
Shinkin Bank (Akihabara)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
31/08/2011 |
31/08/2010 |
31/08/2009 |
31/08/2008 |
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Annual
Sales |
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2,200 |
2,118 |
2,037 |
2,473 |
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Recur.
Profit |
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18 |
17 |
7 |
10 |
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Net
Profit |
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12 |
11 |
4 |
5 |
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Total
Assets |
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630 |
634 |
760 |
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Current
Assets |
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471 |
487 |
571 |
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Current
Liabs |
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264 |
300 |
385 |
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Net
Worth |
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194 |
182 |
178 |
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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 |
3.87 |
3.98 |
-17.63 |
5.10 |
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Current Ratio |
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.. |
178.41 |
162.33 |
148.31 |
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N.Worth Ratio |
.. |
30.79 |
28.71 |
23.42 |
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R.Profit/Sales |
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0.82 |
0.80 |
0.34 |
0.40 |
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N.Profit/Sales |
0.55 |
0.52 |
0.20 |
0.20 |
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Return On Equity |
.. |
5.67 |
2.20 |
2.81 |
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Notes:
Forecast (or estimated) figures for the 31/08/2011 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.