MIRA INFORM REPORT

 

 

Report Date :           

31.10.2011

 

IDENTIFICATION DETAILS

 

Name :

TAO ENTERPRISE CO LTD

 

 

Registered Office :

Daini Hashimoto Bldg 3F, 2-32-19 Tohoku Niiza Saitama-Pref 352-0001

 

 

Country :

Japan

 

 

Financials (as on) :

31.01.2011

 

 

Date of Incorporation :

February 1991

 

 

Com. Reg. No.:

(Saitama-Niiza) 047262

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, wholesale of PC peripherals

 

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 5.7 Million

Status :

Small Company 

Payment Behaviour :

Usually Correct 

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 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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

 

TAO ENTERPRISE CO LTD

 

 

REGD NAME 

 

Tao Enterprise KK

 

 

MAIN OFFICE

 

Daini Hashimoto Bldg 3F, 2-32-19 Tohoku Niiza Saitama-Pref 352-0001 JAPAN

Tel: 048-486-6675     Fax: 048-486-6676

 

URL:                             www.taoenter.co.jp  

E-mail:                         info@taoenter.co.jp         

 

 

ACTIVITIES

 

Import, wholesale of PC peripherals

 

 

BRANCHES   

 

Nil

 

 

OFFICER(S)

 

EMIKO SUZUKI, PRES

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES                    FAIR                 A/SALES          Yen 300 M

PAYMENTS      REGULAR         CAPITAL           Yen 10 M

TREND             SLOW              WORTH            Yen 105 M

STARTED                     1991                 EMPLOYES      12

 

 

COMMENT

 

IMPORTER OF PC PERIPHERALS. 

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS

 

MAX CREDIT LIMIT: YEN 5.7 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

 

The subject company was established by Emiko Suzuki in order to make most of her experience in the subject line of business.  This is a trading firm specializing in importing and wholesaling PC & PC peripherals.  Goods are imported from Taiwan.  Acts as import/sales agent for: Topower Computer Industrial Co Ltd, Ever Cool Thermal Co Ltd (--Taiwan), Japan Value Co (Tokyo).  Clients include specialized PC & PC peripherals mfrs, wholesalers, shops, other.

 

 

FINANCIAL INFORMATION

 

Financials are only partially disclosed as is the case with family-based companies.

 

The sales volume for Jan/2011 fiscal term amounted to Yen 300 million, a similar amount in the previous term.  The net profit is believed posted at Yen 9 million, compared with Yen 10 million a year ago.  .The firm does not disclose net profit figures and these figures are estimated only.

 

For the current term ending Jan 2012 the net profit is projected at Yen 9 million, on a similar turnover, at Yen 300 million.  High Yen continues to eat into earnings & profits in Yen terms.

 

The financial situation is considered maintained FAIR and good for ORDINARY business engagements.  Max credit limit is estimated at Yen 5.7 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:  Feb 1991

Regd No.:        (Saitama-Niiza) 047262

Legal Status:   　Limited Company (Kabushiki Kaisha)

Authorized:      　800 shares

Issued: 　         200 shares

Sum:                　Yen 10 million

Major shareholders (%): Emiko Suzuki (100)

 

Nothing detrimental is known as to her commercial morality.

 

 

OPERATION

 

Activities: Imports and wholesales (including some retailing) PC peripherals: PC power supply, removable case, PC case, cooler, cooling kit, Note PC items, game software, other (--100%).

 

Import/sales agent for: Topower Computer Industrial, Ever Cool Thermal Co (--Taiwan), and Japan Value Co (Tokyo).

 

Clients: [Mfrs, wholesalers] Sofmap Co, PC Advance, Tsukumo Electric Co, other

            No. of accounts: 300

            Domestic areas of activities: Centered in greater-Tokyo

 

Suppliers: [Mfrs] Imports from Taiwan.

 

Payment record: Regular

 

Location: Business area in Niiza City, Saitama-Pref.  Office premises at the caption address are leased and maintained satisfactorily.

 

Bank References:

Mizuho Bank (Ikebukuro-Nishiguchi)

Relations: Money deposits & transfers only

 

FINANCES

(In Million Yen)

 

Terms Ending:

　

31/01/2012

31/01/2011

31/01/2010

31/01/2009

Annual Sales

　

300

300

300

300

Recur. Profit

　

　

　

　

　

Net Profit

　

9

9

10

10

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

105

96

86

Capital, Paid-Up

　

　

10

10

10

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

0.00

0.00

0.00

0.00

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

3.00

3.00

3.33

3.33

 

Notes: Financials are only partially disclosed.  Profits are not disclosed and estimated only.

Forecast (or estimated) figures for the 31/01/2012 fiscal term. 


FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.48.82

UK Pound

1

Rs.78.57

Euro

1

Rs.69.29

 

 

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.