MIRA INFORM REPORT
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Report Date : |
19.04.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
TID LIMITED |
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Registered Office : |
TID Bldg, 12-19 Nihombashi-Ohdenmacho Chuoku |
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Country : |
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Financials (as on) : |
31.03.2010 |
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Year of Establishment : |
1956 |
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Com. Reg. No.: |
(Tokyo-Kotoku)
050832 |
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Legal Form : |
Limited Company |
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Line of Business : |
Imports, Exports and Wholesales Information &
Telecommunications Systems, Computer & Network System Devices, |
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 114.8 Million |
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Status : |
Moderate |
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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
TID LIMITED
REGD NAME: KK T
I D
MAIN
OFFICE
TID Bldg, 12-19
Nihombashi-Ohdenmacho Chuoku Tokyo 103-0011
Tel: 03-5623-5200 Fax: 03-5623-5201
E-Mail
address: info@tid.co.jp
ACTIVITIES
Import,
export, wholesale of information & telecommunication systems
BRANCHES
FACTORIES
(subcontracted)
OFFICER(S)
Haruo
Hayashi, ch TAKESHI
TAKEUCHI, PRES
Ken
Sugiura, dir Tamotsu
Nagahara, dir
Yoshiteru
Yamamoto, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 3,006 M
PAYMENTS REGULAR CAPITAL Yen 120 M
TREND SLOW WORTH Yen
1,983 M
STARTED 1956 EMPLOYES 233
COMMENT
TRADING FIRM SPECIALIZING IN INFORMATION/TELECOMMUNICATION
SYSTEMS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR CREDIT ENGAGEMENTS: US$50,000 / O/A 30 DAYS.
MAX
CREDIT LIMIT: YEN 114.8 MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company was established originally by D L Filler
of Aeronautical Radio Inc, as Ground Communication Service. By taking over all businesses from D L
Pillar, Toyo Insatsu Denshinki Co Ltd was established. In Apr 1988, the corporate name was changed
to TID Limited. This is a trading firm
specializing in import, export and wholesale of information &
telecommunication systems. Handles
computer & network system devices, too.
FINANCIAL
INFORMATION
The sales volume for Mar/2010 fiscal term amounted to Yen
3,006 million, a 20% down from Yen 3,775 million in the previous term, as
affected by the global economic downturn particularly in the first half of the
term. High Yen hurt export revenues
& profits in Yen terms. The
recurring profit was posted at Yen 21 million and the net losses at Yen 16
million, compared with Yen 171 million recurring profit and Yen 60 million net
profit, respectively, a year ago.
For the term just ended Mar 2011 the recurring profit was
projected at Yen 20 million and the net profit at Yen 30 million, respectively,
on a 5% rise in turnover, to Yen 3,150 million.
Final results are yet to be released.
.
The financial situation is considered FAIR and good for
ORDINARY business engagements. Max
credit limit is estimated at Yen 114.8 million, on 30 days normal terms. The proposed amount is considered well within
the firm’s financial capacities.
REGISTRATION
Date Registered: Apr 1956
Regd No.: (Tokyo-Chuoku) 050832
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
640,000 shares
Issued:
240,000 shares
Sum: Yen 120 million
Major shareholders (%): Haruo Hayashi (21), Akiko
Hayashi (8), Natsuyo Imaizumi (8), Takeshi Takeuchi (3), Katsuhiko Irisawa (3)
No. of shareholders: 104
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports, exports and wholesales
information & telecommunications systems, computer & network system
devices, other (--100%).
Clients: [Electronics mfrs, wholesalers] Itochu
Corp, Sun Microsystems, NTT East Corp, NTT West Corp, Mitsubishi Corp, Sumitomo
Corp, Cathay Pacific Airways, Showa Shell Sekiyu, Toyo Electron Ltd, Fujitsu
Support & Services Inc, IBM Japan, other
No. of
accounts: 500
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Daiwabo
Information Systems, Hewlett Packard Japan, Soft Bank BB, MT Field Service,
Dell, Otsuka Shokai, other
Payment record:
Regular
Location:
Business area in
Bank
References
MUFG (
Resona
Bank (Toranomon)
Relations:
Satisfactory
FINANCES
(In Million Yen)
|
Terms Ending: |
31/03/2011 |
31/03/2010 |
31/03/2009 |
31/03/2008 |
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Annual
Sales |
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3,150 |
3,006 |
3,775 |
3,767 |
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Recur.
Profit |
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20 |
21 |
171 |
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Net
Profit |
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30 |
-16 |
60 |
83 |
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Total
Assets |
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3,746 |
3,775 |
3,777 |
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Current
Assets |
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1,721 |
1,858 |
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Current
Liabs |
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941 |
1,227 |
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Net
Worth |
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1,983 |
2,027 |
2,008 |
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Capital,
Paid-Up |
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120 |
120 |
120 |
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Div.P.Share(¥) |
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|
100.00 |
100.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
4.79 |
-20.37 |
0.21 |
0.16 |
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Current Ratio |
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.. |
182.89 |
151.43 |
.. |
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N.Worth Ratio |
.. |
52.94 |
53.70 |
53.16 |
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R.Profit/Sales |
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0.63 |
0.70 |
4.53 |
.. |
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N.Profit/Sales |
0.95 |
-0.53 |
1.59 |
2.20 |
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Return On Equity |
.. |
-0.81 |
2.96 |
4.13 |
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Notes:
Forecast (or estimated) figures for the 31/03/2011 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.44.27 |
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|
1 |
Rs.72.08 |
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Euro |
1 |
Rs.63.66 |
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 |
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-- |
NB |
New Business |
-- |
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.