MIRA INFORM REPORT

 

 

Report Date :

05.08.2011

 

IDENTIFICATION DETAILS

 

Name :

TOMY DIGITAL BIOLOGY CO LTD

 

 

Registered Office :

Edge Bldg, 2-9-1 Ikenohata Taitoku Tokyo 110-0008

 

 

Country :

Japan

 

 

Financials (as on) :

30.06.2010

 

 

Year of Establishment :

July 2001

 

 

Com. Reg. No.:

(Tokyo-Nerimaku) 007896

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, export, wholesale of bio/scientific instruments, centrifuge

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

Yen 24.1 Million

Status :

Small Company

Payment Behaviour :

Regular

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 – March 31st, 2011

 

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

Japan

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name and address

 

TOMY DIGITAL BIOLOGY CO LTD

REGD NAME:    Tomy Digital Biology KK

MAIN OFFICE:  Edge Bldg, 2-9-1 Ikenohata Taitoku Tokyo 110-0008 JAPAN

                        Tel: 03-5834-0810     Fax: 03-5834-1888

 

                        *.. Registered at: 3-14-17 Nerimaku Tokyo

                                               

URL:                 http://www.digital-biology.co.jp

E-Mail address: info@digital-biology.co.jp

 

 

ACTIVITIES  

 

Import, export, wholesale of bio/scientific instruments, centrifuge

 

BRANCHES   

 

Nil

 

FACTORIES  

 

(subcontracted)

 

 

OFFICERS

 

KENJIRO TOMINAGA, PRES                 Kenji Tominaga, dir

Yoshiaki Arai, dir                                   Yoshinori Nanpo, dir                  

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES                    FAIR                             A/SALES          Yen 1,405 M

PAYMENTS                  REGULAR                     CAPITAL           Yen 10 M

TREND             STEADY                       WORTH            Yen 330 M

STARTED                     2001                             EMPLOYES      23

 

COMMENT    

 

TRADING FIRM SPECIALIZING IN BIO & SCIENTIFIC INSTRUMENTS.

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY                                  

BUSINESS ENGAGEMENTS.

                       

MAX CREDIT LIMIT: YEN 24.1 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

            The subject company was established on the basis of a trading division separated from Tomy Seiko Co Ltd (See REGISTRATION).  Kenjiro Tominaga is concurrently pres at the parent.  This is a trading firm for import, export and wholesale of bio & scientific instruments, centrifuge, other equipment, manufactured by the parent, Tomy Seiko Co Ltd.  Goods are imported from USA, other.

 

 

FINANCIAL INFORMATION

           

            The sales volume for junk/2010 fiscal term amounted to Yen 1,405 million, a 20% up from Yen 1,170 million in the previous term.  Sales and export of bio-chemical instruments were brisk.  The net profit was posted at Yen 60 million, compared with Yen 70 million a year ago.  Foreign exchange losses were incurred.

 

            For the term that ended Jun 2011 the net profit was projected at Yen 65 million, on a 3% rise in turnover, to Yen 1,450 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 24.1 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:  Jul 2001

Regd No.:             (Tokyo-Nerimaku) 007896

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         800 shares

Issued:                200 shares

Sum:                   Yen 10 million

Major shareholders (%): Tomy Seiko Co Ltd* (100)

 

*.. Mfr of bio/scientific instruments, centrifuge, Tokyo, founded 1959, capital Yen 48 million,

Sales Yen 3,931 million, net profit Yen 49 million, employees 90, pres Kenjiro Tominaga, concurrently; the firm is wholly owned by Kenjiro Tominaga

 

Nothing detrimental is known as to the commercial morality of executives.

 

 

OPERATION

 

Activities: Imports, exports and wholesales bio & scientific instruments, centrifuge, other related instruments (--100%)

 

Clients: [Mfrs, wholesalers, overseas agents] Tomy Tech USA, other

No. of accounts: 300

Domestic areas of activities: Nationwide

Suppliers: [Mfrs, wholesalers] Tomy Seiko Co, other

 

Payment record: Regular

 

Location: Business area in Tokyo.  Office premises at the caption address are leased and maintained satisfactorily.

 

Bank References:        Mizuho Bank (Narimasu)

                                    MUFG (Shimo-Akatsuka)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

       Terms Ending:

30/06/2011

30/06/2010

30/06/2009

30/06/2008

Annual Sales

　

1,450

1,405

1,170

1,106

Recur. Profit

　

　

　

　

　

Net Profit

　

65

60

70

55

Total Assets

　

　

1,157

1,013

　

Current Assets

　

　

801

658

　

Current Liabs

　

　

399

200

　

Net Worth

　

　

330

513

　

Capital, Paid-Up

　

　

10

10

10

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

3.20

20.09

5.79

31.82

    Current Ratio

 

..

200.75

329.00

..

    N.Worth Ratio

..

28.52

50.64

..

    R.Profit/Sales

 

..

..

..

..

    N.Profit/Sales

4.48

4.27

5.98

4.97

    Return On Equity

..

18.18

13.65

..

 

Notes: Forecast (or estimated) figures for the 30/06/2011 fiscal term.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.41

UK Pound

1

Rs.72.70

Euro

1

Rs.63.55

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

--

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.