MIRA INFORM
REPORT
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Report Date : |
23.02.2011 |
IDENTIFICATION DETAILS
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Name : |
THANKO INC |
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Registered Office : |
Tanaka Bldg 5F, 4-7-3 Sotokanda Chiyodaku |
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Country : |
Japan |
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Financials (as on) : |
31.05.2010 |
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Date of Incorporation : |
June, 2003 |
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Com. Reg. No.: |
(Tokyo-Chiyodaku) 120157 |
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Legal Form : |
Limited Company |
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Line of Business : |
Imports, Wholesales and Retails of Computer-Related &
Audio Video Products |
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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Status : |
Small Company |
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Payment
Behaviour : |
Regular |
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Litigation : |
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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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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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
THANKO INC
REGD NAME:
Sanko KK
Company address
Tanaka Bldg 5F,
4-7-3 Sotokanda Chiyodaku
Tel:
03-3526-4710
Fax: 03-5297-5784
*.. The given address is one of its retail stores in Tokyo
URL: http://www./thanko.jp
E-Mail address:info@thanko.jp
ACTIVITIES
Import,
wholesale, retail of computer-related & audio video products
STORES
Kanda (3), Osaka, Toyohashi, Toyota
OVERSEAS
Shenzhen (China)
OFFICER(S)
HIROYASU YAMAMITSU, PRES
Eiichi Murakoshi, dir
Akiko
Yamamitsu, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 663 M
PAYMENTS REGULAR CAPITAL Yen 38 M
TREND STEADY WORTH Yen
64 M
STARTED 2003 EMPLOYES 16
COMMENT
TRADING FIRM SPECIALIZING IN COMPUTER & A/V
PRODUCTS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR CREDIT ENGAGEMENTS: US$75,000 / O/A 30 DAYS TERMS.
MAX
CREDIT LIMIT: YEN 13.2 MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject
company was established by Hiroyasu Yamamitsu in order to make most of his
experience in the subject line of business.
This is a trading firm for import, wholesale and retail of
computer-related & audio video products.
Operates 3 retail stores in Akihabara,
FINANCIAL INFORMATION
Financials
are only partially disclosed.
The
sales volume for May/2010 fiscal term amounted to Yen 663 million, a 38% up
from Yen 480 million in the previous term.
Client networks expanded into business firms, with sales staff increased
to 16 from the previous 9. Retail
business was steady. The net profit was
posted at 26 million, compared with Yen 2 million a year ago.
For
the current term ending May 2011 the net profit is projected at Yen 30 million,
on a 10% rise in turnover, to Yen 750 million.
Business is seen steadily expanding.
The financial situation is considered FAIR and
good for ORDINARY business engagements.
Max credit limit is estimated at Yen 13.2 million, on 30 days normal
terms. The proposed amount is considered
well within the firm’s financial capacities.
REGISTRATION
Date Registered : Jun 2003
Regd No. : (Tokyo-Chiyodaku) 120157
Legal Status : Limited Company (Kabushiki Kaisha)
Authorized : 3,040 shares
Issued : 760 shares
Sum : Yen 38 million
Major shareholders (%): Hiroyasu Yamamitsu (100)
Nothing detrimental is known as to the commercial morality of executives.
OPERATION
Activities:
Imports, wholesales and retails (including online) computer-related & audio
video products: portable desk for notebook computers, USB charger for Wii remote
control, USB wireless space mouse, gold ingot USB hub, USB AC charger, USB eye
warmer, USB warmer cushion, EMS muscle mouse, USB MP3 Pen, USB warmer slippers,
EMP3 watch, USB warmer gloves, other (handling over 200 items)
Clients:
[Consumers, wholesalers] Kaga Electronics, Daiwabo Information System, Gate
Japan, Just System, Net Price Inc, other
No. of accounts: 350 (Wholesale
Div only)
Domestic areas of activities:
Nationwide
Suppliers:
[Mfrs, wholesalers] Imports from
Payment record: Regular
Location : Business
area in
Bank References
Asahi
Shinkin Bank (Ueno)
MUFG
(Ueno)
Relations:
Satisfactory
FINANCES
In Million Yen)
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Terms Ending: |
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31/05/2011 |
31/05/2010 |
31/05/2009 |
31/05/2008 |
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Annual
Sales |
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750 |
663 |
480 |
510 |
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Recur.
Profit |
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Net
Profit |
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30 |
26 |
2 |
3 |
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Total
Assets |
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N/A |
N/A |
N/A |
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Net
Worth |
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64 |
46 |
44 |
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Capital,
Paid-Up |
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38 |
38 |
38 |
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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 |
13.12 |
38.13 |
-5.88 |
15.91 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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.. |
.. |
.. |
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N.Profit/Sales |
4.00 |
3.92 |
0.42 |
0.59 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/05/2011 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.45.20 |
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1 |
Rs.73.07 |
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Euro |
1 |
Rs.61.41 |
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 Company |
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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.