MIRA INFORM REPORT
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Report Date : |
09.04.2011 |
IDENTIFICATION DETAILS
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Name : |
TOYOTOMI CO LTD |
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Registered Office : |
5-17 Momozonocho
Mizuhoku |
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Country : |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
November
1949 |
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Com. Reg. No.: |
(Nagoya-Mizuhoku) 010714 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer of kerosene heaters, air conditioners, air
cleaners |
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 457.0 Million |
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Status : |
Satisfactory |
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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
TOYOTOMI CO LTD
REGD
NAME
KK Toyotomi
MAIN
OFFICE
5-17 Momozonocho
Mizuhoku
Tel:
052-822-1101 Fax: 052-824-7151
E-Mail address: info@toyotomi.jp
ACTIVITIES
Mfg of
kerosene heaters, air conditioners, air cleaners
BRANCHES
OVERSEAS
Toyotomi
USA Inc
FACTORIES
At the
caption address,
OFFICER(S)
IZURU
NAKAMURA, PRS Takashi
Asai, s/mgn dir
Seiji
Suzuki, s/mgn dir Takemi
Noguchi, mgn dir
Takahiro
Oguchi, mgn dir Kazuyoshi
Kataoka
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 14,770 M
PAYMENTS REGULAR CAPITAL Yen 157 M
TREND SLOW WORTH Yen
7,541 M
STARTED 1949 EMPLOYES 480
COMMENT
MFR OF
KEROSENE HEATERS, AIR CONDITIONERS, AIR CLEANERS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
MAX CREDIT
LIMIT: YEN 457.0 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Kazuharu Nakamura in order to
make most of his experience in the subject line of business. Izuru is the founder’s grandson. Specializes in mfg kerosene heaters as
mainstay, laser heaters, oil-fired water heaters, portable air conditioners,
air cleaners, other. Also makes lawn
mowers, and other gardening equipment.
Has a subsidiary sales office in USA, Toyotomi USA Inc. The firm is affiliated to Toyota Tsusho
Corp. Goods are exported.
FINANCIAL
INFORMATION
The sales volume for Mar/2010 fiscal term amounted to Yen 14,770
million, an 8% down from Yen 16,109 million in the previous term. The operations plunged into the red to
register Yen 102 million net losses for the term, compared with Yen 390 million
net profit a year ago.
For the term that ended Mar 2011 the operations were projected to come
back to profitability to post Yen 60 million recurring profit and Yen 60
million net profit, respectively, on a 5% rise in turnover, to Yen 15,500
million. Final results are yet to be
produced.
The financial situation is considered maintained FAIR and good for
ORDINARY business
engagements. Max credit limit is
estimated at Yen 457.0 million, on 30 days normal terms.
REGISTRATION
Date Registered: Nov 1949
Regd No.: (Nagoya-Mizuhoku) 010714
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
12 million shares
Issued: 3.15 million shares
Sum: Yen 157.5
million
Major shareholders (%):
Enpuku*(27), Toyotomi Kiko (10), Toyota Tsusho Corp (8), Toyotomi Soft Kaihatsu (7),
Izuru Nakamura (5)
* Holding company owned by
Nakamura family
No. of
shareholders: 104
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Manufactures
kerosene heater, laser heater, oil-fired water heater, portable air-
conditioners, split air-conditioner, air cleaners, portable air-conditioners,
humidifiers, dryers, electric lawn mowers, other gardening tools &
equipment (--100%).
Goods are exported
Clients: [Wholesalers,
mfrs, chain stores] Toyota Tsusho Corp, Trusco Nakayama, Nafco Co, Yoshii
Electric, Koizumi Seiki Corp, other. Exports to Toyotomi USA Inc, other.
No. of accounts: 500
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Toyota Tsusho Corp, Sumitomo Corp, Pro Steel Co, Toyoset Co,
Diamond Electric, other.
Payment record: Regular
Location: Business area in
Bank References:
MUFG (
Ogaki
Kyoritsu Bank (
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
31/03/2011 |
31/03/2010 |
31/03/2009 |
31/03/2008 |
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Annual
Sales |
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15,500 |
14,770 |
16,109 |
16,142 |
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Recur.
Profit |
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60 |
50 |
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Net
Profit |
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60 |
-102 |
390 |
1,182 |
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Total
Assets |
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14,919 |
14,176 |
17,130 |
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Current
Assets |
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4,801 |
4,637 |
6,376 |
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Current
Liabs |
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3,180 |
3,770 |
5,811 |
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Net
Worth |
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7,541 |
7,666 |
7,350 |
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Capital,
Paid-Up |
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|
157 |
157 |
157 |
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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 |
4.94 |
-8.31 |
-0.20 |
-2.17 |
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Current Ratio |
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.. |
150.97 |
123.00 |
109.72 |
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N.Worth Ratio |
.. |
50.55 |
54.08 |
42.91 |
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R.Profit/Sales |
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0.39 |
0.34 |
.. |
.. |
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N.Profit/Sales |
0.39 |
-0.69 |
2.42 |
7.32 |
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Return On Equity |
.. |
-1.35 |
5.09 |
16.08 |
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Notes:
Financials are disclosed in digested form as above.
Forecast
(or estimated) figures for the 31/03/2011 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.