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Report Date : |
06.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
TOWA SEIKI CO LTD |
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Registered Office : |
117 Toeicho-Takane Anjo Aichi-Pref 446-0007 |
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Country : |
Japan |
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Financials (as on) : |
31.05.2012 |
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Date of Incorporation : |
July 1957 |
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Com. Reg. No.: |
1803-01-013138
(Aichi-Anjo) |
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Legal Form : |
Limited
Company |
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Line of Business : |
Manufacturer of hydraulic press |
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No. of Employees : |
33 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
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, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
TOWA SEIKI CO LTD
Towa Seiki KK
117 Toeicho-Takane
Anjo Aichi-Pref 446-0007 JAPAN
Tel:
0566-97-9181 Fax: 0566-97-9002
E-Mail address: (thru the URL)
Mfg of
hydraulic press
Koga
(Ibaraki)
At the
caption address
HIROTAKA
KUMA, PRES
Norio
Seo, ch
Kimie
Seo, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 634 M
PAYMENTS No
Complaints CAPITAL Yen 60 M
TREND UP WORTH Yen 629 M
STARTED 1957 EMPLOYES 33
MFR OF HYDRAULIC PRESS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
The subject company was established by Norio Seo in order to make most of his experience in the subject line of business. This is a specialized mfr of hydraulic press for metal processing, other. Products are exported widely to China, other S/E Asian countries.
The sales volume for May/2011 fiscal term amounted to Yen 634 million, an 83% up from Yen 346 million in the previous term. The sales in the previous term were exceptionally low as affected by the global economic downturn. Demand came back. Exports into China and other S/E Asian countries were robust. The operations came back to profitability to post Yen 45 million recurring profit and Yen 42 million net profit, respectively, compared with Yen 33 million recurring loss and Yen 40 million net losses, respectively, a year ago.
For the term that ended May 2012 the recurring profit was projected at Yen 50 million and the net profit at Yen 45 million, respectively, on a 4% rise in turnover, to Yen 660 million. Final results are yet to be released.
The financial situation is considered FAIR and good for ORDINARY business engagements.
Date Registered: Jul 1957
Regd No.: 1803-01-013138 (Aichi-Anjo)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
480,000 shares
Issued:
120,000 shares
Sum: Yen 60 million
Major shareholders (%): Nagoya Small & Medium
Business Investment & Consultation Co Ltd (41), Hirotaka Kuma (19), Norio
Seo (5), Hiroko Seo (3), Naohiro Seo (2)
No. of shareholders: 9
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures hydraulic press machines for metal processing/working, others (--100%)
Clients: [Mfrs, wholesalers] Towa Seiki Co (20%), Naigai Tec Corp, Okaya & Co, Mitsubishi Corporation Technos, Toyota Tsusho Corp, Honda Motor Co, other
No. of accounts: 300
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Fuji Electric Ind, Miura Electric Co, Hagiwara Electric Co, Maruzen Kozai (steel products), Yamaichi Special Steel, Fanuc Corp, Okuma Corp, etc
Payment record: No Complaints
Location: Business area in Anjo City, Aichi-Pref. Office premises at the caption address are owned and maintained satisfactorily.
Bank References:
MUFG
(Anjo)
Hekikai
Shinkin Bank (Imamura)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/05/2012 |
31/05/2011 |
31/05/2010 |
31/05/2009 |
|
|
Annual
Sales |
|
660 |
634 |
346 |
548 |
|
Recur.
Profit |
|
50 |
45 |
-33 |
|
|
Net
Profit |
|
45 |
42 |
-40 |
-3 |
|
Total
Assets |
|
|
727 |
709 |
696 |
|
Current
Assets |
|
|
590 |
564 |
|
|
Current
Liabs |
|
|
97 |
121 |
|
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Net
Worth |
|
|
629 |
588 |
630 |
|
Capital,
Paid-Up |
|
|
60 |
60 |
60 |
|
Div.Total
in Million(¥) |
|
|
1600.00 |
1249.00 |
711.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
4.10 |
83.24 |
-36.86 |
-33.41 |
|
|
Current Ratio |
|
.. |
608.25 |
466.12 |
.. |
|
N.Worth Ratio |
.. |
86.52 |
82.93 |
90.52 |
|
|
R.Profit/Sales |
|
7.58 |
7.10 |
-9.54 |
.. |
|
N.Profit/Sales |
6.82 |
6.62 |
-11.56 |
-0.55 |
|
|
Return On Equity |
.. |
6.68 |
-6.80 |
-0.48 |
|
Notes:
Forecast (or estimated) figures for the 31/05/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.08 |
|
UK Pound |
1 |
Rs.87.03 |
|
Euro |
1 |
Rs.68.36 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.