MIRA INFORM REPORT
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Report Date : |
20.09.2011 |
IDENTIFICATION DETAILS
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Name : |
TEIKOKU PRINTING INK MFG CO LTD |
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Registered Office : |
T3C Bldg, 8-43-2 Nishiogu Arakawaku Tokyo 116-0011 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
May
1951 |
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Com. Reg. No.: |
(Tokyo-Arakawaku)
014381 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer of printing inks |
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 216.0 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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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
TEIKOKU PRINTING INK MFG CO LTD
REGD NAME
Teikoku Ink Seizo
KK
MAIN OFFICE
T3C Bldg, 8-43-2 Nishiogu Arakawaku Tokyo 116-0011 JAPAN
Tel:
03-3800-9911 Fax: 03-3800-9919
URL: http://www.teikokuink.com
E-Mail address: (thru the URL)
ACTIVITIES
Mfg of printing inks
BRANCHES
Osaka,
Sendai, Shizuoka, Hyogo
OVERSEAS
China
(4), Thailand, Malaysia
FACTORIES
Mitaka
(Tokyo-Pref), Yamanashi; China, Thailand, Malaysia
OFFICERS
TAHEI
SAWANOBORI, PRES Nobunari
Sawanobori, rep dir
Kazuhiko
Ogura, mgn dir Masaaki
Miyoshi, mgn dir
Mikio
Ozaki, dir Shin’ichi
Fujita, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 7,030 M
PAYMENTS REGULAR CAPITAL Yen 95 M
TREND STEADY WORTH Yen
4,985 M
STARTED 1951 EMPLOYES 172
COMMENT
MFR OF PRINTING INKS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT
LIMIT: YEN 216.0 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established on the basis of purchasing a firm,
Akabori Inks Mfg Co, founded in 1895, by Chiaki Sawanobori. The firm was legally incorporated in 1951,
and succeeded by his descendants. This
is a specialized mfg of screen printing inks (See OPERATION). Has 3 mfg plants
in overseas: Shanghai, Malaysia & Thailand.
Clients include government offices & agencies.
FINANCIAL INFORMATION
Financial are only partially disclosed.
The sales volume for Mar/2011 fiscal term amounted to Yen 7,030 million,
an 8% up from Yen 6,500 million in the previous term. Production and demand rose in China and other
S/E Asian countries. The North Japan
Earthquake did not affect much, as production was immediately consigned to the
three overseas plants. The net profit
was posted at Yen 850 million, compared with Yen 770 million a year ago.
For the current term ending Mar 2012 the net profit is projected at Yen
900 million, on a 5% rise in turnover, to Yen 7,400 million. Business is steadily expanding.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 216.0 million, on 30 days normal terms.
REGISTRATION
Date Registered: May 1951
Regd No.: (Tokyo-Arakawaku) 014381
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
760,000 shares
Issued: 190,000 shares
Sum: Yen 95 million
Major shareholders
(%): Tahei Sawanobori (33), Nippon Traffic Paints (2.4), Toyo Kako (1.6),
Yamanashi
Teikoku Ink Mfg
(1.4)
No. of shareholders: 52
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Manufactures
printing inks, printing machines (--100%)
(Mfg Items): Desensitizing
inks, industrial inks, newspaper inks, and related materials & equipment;
printing machines, other
Clients: [Mfrs,
wholesalers] Toppan Forms Co, Kuraray, Mitsubishi Chemical, Denso Corp, Sankei
Shimbun, Toyo Chem Co, Tomoegawa Co, other
No. of accounts: 500
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Toyo Chem Co, DIC, Idemitsu Technofine Co, Dainichiseika Color
& Chemicals Mfg Co, Yamamoto Trading Co, Meiwa Corp, other
Imports from China, Thailand, Malaysia, other
Payment record: Regular
Location:
Business area in Tokyo. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References:
·
Shoko Chukin Bank (Tokyo)
·
MUFG (Toranomon-Chuo)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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31/03/2012 |
31/03/2011 |
31/03/2010 |
31/03/2009 |
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Annual
Sales |
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7,400 |
7,030 |
6,500 |
6,300 |
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Recur.
Profit |
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Net
Profit |
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900 |
850 |
770 |
-11 |
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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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4,895 |
4,045 |
3,275 |
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Capital,
Paid-Up |
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95 |
95 |
95 |
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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 |
5.26 |
8.15 |
3.17 |
-18.18 |
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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 |
12.16 |
12.09 |
11.85 |
-0.17 |
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Notes:
Financials are only partially disclosed.
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.47.79 |
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UK Pound |
1 |
Rs.75.06 |
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Euro |
1 |
Rs.65.35 |
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.