MIRA INFORM
REPORT
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Report Date : |
31.10.2011 |
IDENTIFICATION DETAILS
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Name : |
TEISHIN ELECTRONICS CO LTD |
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Registered Office : |
2-9-10 Ryoke Kawaguchi Saitama-Pref
332-0004 |
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Country : |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
July 1983 |
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Com. Reg. No.: |
(Saitama-Kawaguchi) 003370 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer of Electronics Parts |
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 5.1 Million |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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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 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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
TEISHIN
ELECTRONICS CO LTD
REGD NAME
Teishin Denki KK
MAIN OFFICE
2-9-10 Ryoke Kawaguchi
Saitama-Pref 332-0004 JAPAN
Tel:
048-223-1271 Fax: 048-222-6916
URL: http://www.teishin-bel.co.jp
E-Mail
address: business.dept@teishin-bel.co.jp
ACTIVITIES
Mfg of
electronics parts
BRANCHES
FACTORIES
OVERSEAS
OFFICERS
YASUHIRO
SUZUKI, PRES
Sadao
Suzuki, ch
Eisaku
Takatsuka, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 294 M
PAYMENTS REGULAR CAPITAL Yen 20 M
TREND STEADY WORTH Yen
153 M
STARTED 1983 EMPLOYES 12
COMMENT
MFG OF ELECTRONICS PARTS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT
LIMIT: YEN 5.1 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The
subject company was established by Sadao Suzuki, now ch, in order to make most
of his experience in the subject line of business. Yasuhiro is his son. This is a specialized mfr of electronics
parts. Goods are manufactures at its own
yards domestically and also at overseas partnership makers:
FINANCIAL INFORMATION
The
sales volume for Mar/2011 fiscal term amounted to Yen 294 million, a 4% up from
Yen 282 million in the previous term.
Demand rose. The operations,
however, dipped into the red to post Yen 6 million net loss for the term,
compared with Yen 1 million net profit a year ago.
For
the current term ending Mar 2012 the recurring profit is projected at Yen 7
million and the net profit at Yen 3 million, respectively, on a 2% rise in
turnover, to Yen 300 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 5.1 million, on 30 days normal terms.
REGISTRATION
Date Registered : Jul 1983
Regd No. : (Saitama-Kawaguchi)
003370
Legal Status : Limited Company (Kabushiki Kaisha)
Authorized : 160,000 shares
Issued :
40,000 shares
Sum :
Yen 20 million
Major shareholders (%): Sadao Suzuki (23), Kazue Suzuki
(20), Koichi Suzuki (17), Yasuhiro Suzuki (15), Naomi Suzuki (5), other
No. of shareholders: 7
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Manufactures electronics parts
(100%).
Goods are manufactures
domestically and also at partnership makers in:
(Mfg Items): clips, test reads, plugs, jacks &
parts, AV cables, adapters, connectors & coaxial test reads, spacers,
molded & metal cases, other
Clients: [Mfrs, wholesalers] Okamoto
Electronics Corp, Kakuta Radio & Electric Co, Hakko Corp, Mitsubishi
Materials, Pioneer, Mitsubishi Electric, other
No. of
accounts: 500
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Yoshimi Teishin
Electric Co, Teishin Metal Co, Yanaka Corp, Nezu Corp, other
Payment record: Regular
Location:
Business area in
Bank References:
MUFG
(Akabane-Ekimae)
Johoku
Shinkin Bank (Asahicho)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
31/03/2012 |
31/03/2011 |
31/03/2010 |
31/03/2009 |
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Annual
Sales |
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300 |
294 |
282 |
309 |
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Recur.
Profit |
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7 |
7 |
-1 |
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Net
Profit |
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3 |
-6 |
1 |
-27 |
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Total
Assets |
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471 |
491 |
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Current
Assets |
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196 |
183 |
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Current
Liabs |
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79 |
73 |
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Net
Worth |
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153 |
160 |
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Capital,
Paid-Up |
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20 |
20 |
20 |
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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 |
2.04 |
4.26 |
-8.74 |
-22.17 |
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Current Ratio |
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.. |
248.10 |
250.68 |
.. |
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N.Worth Ratio |
.. |
32.48 |
32.59 |
.. |
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R.Profit/Sales |
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2.33 |
2.38 |
-0.35 |
.. |
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N.Profit/Sales |
1.00 |
-2.04 |
0.35 |
-8.74 |
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Return On Equity |
.. |
-3.92 |
0.63 |
.. |
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Notes:
Forecast (or estimated) figures for the 31/03/2012 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.48.82 |
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1 |
Rs.78.57 |
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Euro |
1 |
Rs.69.29 |
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.