MIRA INFORM REPORT

 

 

Report Date :

25.08.2012

 

IDENTIFICATION DETAILS

 

Name :

TEIBOW CO LTD

 

 

Registered Office :

1-2-1 Mukojuku Nakaku Hamamatsu Shizuoka-Pref 430-0851

 

 

Country :

Japan

 

 

Financials (as on) :

30.09.2011

 

 

Date of Incorporation :

July 2010

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Manufacturer of marker pen nibs, metal injection molding

 

 

No. of Employees :

400 employees

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

Slow but Correct

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

Restricted

 

C2

Off-credit

 

D

Company name

 

TEIBOW CO LTD

 

 

REGD NAME

 

Teibow KK

 

 

MAIN OFFICE

 

1-2-1 Mukojuku Nakaku Hamamatsu Shizuoka-Pref 430-0851 JAPAN

Tel: 053-461-3191      Fax: 053-464-6810

 

URL:                 http://www.teibow.co.jp

E-Mail address:            info@teibow.co.jp

 

 

ACTIVITIES  

 

Mfg of marker pen nibs, metal injection molding

 

 

BRANCHES

 

Tokyo

 

 

OVERSEAS   

 

Shanghai

 

 

FACTORIES

 

At the caption address

 

OFFICERS

 

KENJI TAKAHARA, PRES          Hirohisa Otsu, mgn dir

Minoru Nakamura, dir                 Ryuji Nakamura, dir

Tomohiro Nakano, dir                

                       

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES        FAIR                             A/SALES          Yen 6,948 M

PAYMENTS Slow but Correct  CAPITAL    Yen 301 M

TREND UNDETD                       WORTH            Yen 5,681 M

STARTED         2010                             EMPLOYES      400

 

 

COMMENT

 

MFR OF MARKER PEN NIBS.

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

                       

 

HIGHLIGHTS

           

The subject company was established as Rudbeckia KK and in Aug 2010 made a former Teibow Co Ltd as its subsidiary, followed by merging the firm in Oct 2011.  This is a specialized mfr of marker pen nibs & metal injection molding, other.  Clients include pencil makers, stationery makers, other, nationwide.

 

 

FINANCIAL INFORMATION

           

The sales volume for Sept/2011 initial fiscal term amounted to Yen 6,948 million.  The operations incurred a deficit to post Yen 126 million net losses for the term.  The firm reports the financials as: total assets Yen 14,153 million, net worth Yen 5,681 million for the term.

 

For the current term ending Sept 2012 the operations are expected to come back to profitability to post Yen 100 million, on a 5% rise in turnover, to Yen 7,300 million.

 

The financial situation is considered FAIR and good for ORDINARY business engagements. 

 

 

REGISTRATION

 

Date Registered:  Jul 2010

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         24,000 shares

Issued:                6,020 shares

Sum:                   Yen 301 million

 

Major shareholders (%): Wise Partners, Development Bank of Japan (breakdown unavailable)

No. of shareholders: 2

 

Nothing detrimental is known as to the commercial morality of executives.

 

 

OPERATION

 

Activities: Manufactures marker pen nibs (felt, synthetic fiber, plastic) and metal injection molding (--100%).

 

 

Clients: [Mfrs, wholesalers] Shachihata Co, Pilot Ink, Mitsubishi Pencil, Nakabishi Trading, Zebra Co, Seiko Seisakusho, Kuretake Co, Tombow Pencil Co, Sakura Color Products Corp, other 

            No. of accounts: 300

            Domestic areas of activities: Nationwide

 

Suppliers: [Mfrs, wholesalers] Mitsui & Co, Kuraray Trading, SC Machinery & Service, Taiyo Inter Co, OG Corp, Sankyo Kasei Corp, other

 

Payment record: Slow but Correct 

 

Location: Business area in Hamamatsu City, Shizuoka-Pref.  Office premises at the caption address are owned and maintained satisfactorily.

 

Bank References:

MUFG (Hamamatsu)

Mizuho Bank (Hamamatsu)

Relations: Satisfactory

FINANCES

(In Million Yen)

 

       Terms Ending:

30/09/2012

30/09/2011

Annual Sales

　

7,300

6,948

Recur. Profit

　

　

　

Net Profit

　

100

-126

Total Assets

　

　

14,153

Current Assets

　

　

2,282

Current Liabs

　

　

990

Net Worth

　

　

5,681

Capital, Paid-Up

　

　

301

Div.P.Share(¥)

　

　

0.00

<Analytical Data>

(%)

(%)

    S.Growth Rate

5.07

      - - -

    Current Ratio

 

..

230.51

    N.Worth Ratio

..

40.14

    R.Profit/Sales

 

..

..

    N.Profit/Sales

1.37

-1.81

    Return On Equity

..

-2.22

Notes: The 30/09/2011 fiscal term is the initial accounting term.

Forecast (or estimated) figures for the 30/09/2012 fiscal term.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.38

UK Pound

1

Rs.87.80

Euro

1

Rs.69.48

 

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%)

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.