MIRA
INFORM REPORT
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Report Date : |
15.12.2011 |
IDENTIFICATION DETAILS
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Name : |
TENTOK PAPER CO LTD |
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Registered Office : |
264 Tenma Fuji City Shizuoka-Pref 419-0205
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Country : |
Japan |
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Financials (as on) : |
28.02.2011 |
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Date of Incorporation : |
June 1964 |
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Com. Reg. No.: |
Shizuoka-Tenma) 009089 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacture of décor paper |
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No. of Employees : |
140 |
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 130.7 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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Japan |
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 and address
TENTOK PAPER CO LTD
REGD NAME: Tenma
Tokushu Seishi KK (Tokushu Seishi means Specialty Paper)
MAIN OFFICE: 264
Tenma Fuji City Shizuoka-Pref 419-0205 JAPAN
Tel: 0545-71-2620 Fax: 0545-71-4538
E-Mail address: esales@tentok.co.jp
ACTIVITIES
Mfg of décor paper
BRANCHES
Osaka
FACTORIES
At the caption
address
OFFICERS
TAKEMASA KANEKO,
PRES Hirotake Ida, dir
Keishi Matsubara,
dir Yutaka Watanabe,
dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 8,421 M
PAYMENTS REGULAR CAPITAL Yen 30 M
TREND UP WORTH Yen 2,820 M
STARTED 1964 EMPLOYES 140
COMMENT
MFR OF DÉCOR PAPER.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT:
YEN 130.7 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established
by Takemasa Kaneko in order to make most of his experience in the subject line
of business. This is a specialized mfg
of décor paper for use in building materials & furniture. Clients include printing houses, pulp &
paper dealers, other.
FINANCIAL INFORMATION
The sales volume for Feb/2011 fiscal
term amounted to Yen 8,421 million, a 12% up from Yen 7,536 million in the
previous term. Construction and housing
markets revived. Demand increased. Also exports rose. The operations continued in the red to
register Yen 370 million recurring loss and Yen 410 million net losses,
respectively, compared with Yen 630 million net losses a year ago.
For the current term ending Feb 2012
the operations are expected to come back to profitability but still limited to a
minimum amount post-taxes, on a 3% rise in turnover, to Yen 8,700 million. High Yen will hurt export revenues &
profits in Yen terms.
The financial situation is considered FAIR
and good for ORDINARY business engagements.
Max credit limit is estimated at Yen 130.7 million, on 30 days normal
terms.
REGISTRATION
Date Registered: Jun
1964
Regd No.:
(Shizuoka-Tenma) 009089
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 240,000 shares
Issued: 60,000 shares
Sum: Yen 30 million
Major
shareholders (%): Takemasa Kaneko (30), Chizuru Kaneko (28), Miharu
Taguchi (5)
No. of shareholders: 26
Nothing detrimental is known as to the
commercial morality of executives.
OPERATION
Activities: Manufactures décor
paper, other specialty paper (--100%).
Clients: [Mfrs,
wholesalers] Toppan Printing Co, Sankyo Commercial Affairs Co, Japan Pulp &
Paper Co, Okura Sanko Co, San-Mic Chiyoda Co, Itochu Paper Pulp Co, Yoshikawa
Paper Commercial Affairs Co, other
No. of accounts:
300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Itochu Corp, Marubeni Pulp & Paper Sales, Japan Pulp &
Paper Co, OG Corp, other
Payment record: Regular
Location: Business area in
Tenma City, Shizuoka-Pref. Office premises
at the caption address are owned and maintained satisfactorily.
Bank References: Shizuoka Bank
(Takaoka)
SMBC
(Shizuoka)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
29/02/2012 |
28/02/2011 |
28/02/2010 |
28/02/2009 |
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Annual
Sales |
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8,700 |
8,421 |
7,536 |
7,603 |
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Recur.
Profit |
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-370 |
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Net
Profit |
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0 |
-410 |
-630 |
-403 |
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Total
Assets |
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10,950 |
11,390 |
N/A |
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Current
Assets |
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5,520 |
5,420 |
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Current
Liabs |
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4,330 |
4,113 |
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Net
Worth |
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2,820 |
3,228 |
3,858 |
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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 |
3.31 |
11.74 |
-0.88 |
1.37 |
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Current Ratio |
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.. |
127.48 |
131.78 |
.. |
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N.Worth Ratio |
.. |
25.75 |
28.34 |
.. |
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R.Profit/Sales |
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.. |
-4.39 |
.. |
.. |
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N.Profit/Sales |
0.00 |
-4.87 |
-8.36 |
-5.30 |
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Return On Equity |
.. |
-14.54 |
-19.52 |
-10.45 |
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Notes: Forecast
(or estimated) figures for the 29/02/2012 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.53.58 |
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|
1 |
Rs.82.97 |
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Euro |
1 |
Rs.69.89 |
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 |
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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.