MIRA
INFORM REPORT
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Report Date : |
08.02.2012 |
IDENTIFICATION DETAILS
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Name : |
TAHSIN SHOJI CO
LTD |
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Registered Office : |
2-8-2 Imagome Higashi-Osaka Osaka-Pref 578-0973 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
Jun 1979 |
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Com. Reg. No.: |
(Osaka-Higashiosaka) 004761 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import,
wholesale of polyester sports wear |
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No. of Employees : |
31 |
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 36.3 Million |
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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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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
TAHSIN SHOJI CO LTD
REGD NAME: Tahsin
Shoji KK
Company address
MAIN FFICE:
2-8-2 Imagome
Higashi-Osaka Osaka-Pref 578-0973 JAPAN
Tel:
072-964-1661 Fax: 072-965-5671
URL: http//:www.tahsin.co.jp
E-mail: info@tahsin.co.jp
ACTIVITIES
Import,
wholesale of polyester sports wear
BRANCHES
Tokyo
FACTORIES
Meguro
(warehouse)
OFFICER(S)
HAKUTAKU
KO, PRES (Taiwanese resident)
Seiji
Hayashi, v pres Seito Kyuu, s/mgn
dir (Taiwanese resident)
Masaru
Ueda, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 2,146 M
PAYMENTS REGULAR CAPITAL Yen 100 M
TREND SLOW WORTH Yen
515 M
STARTED 1979 EMPLOYES 31
COMMENT
TRADING
FIRM SPECIALIZING IN POLYESTER PRODUCTS, WHOLLY
OWNED
BY TAHSIN INDUSTRIAL CORP, TAIWAN
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 36.3 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Tahsin Industrial
Corp, Taiwan, as its marketing arm in Japan.
This is a trading firm specializing in importing and wholesaling
polyester sports wear, house ware and other goods manufactured by the Taiwanese
parent. Clients include sportswear
wholesalers, other
FINANCIAL INFORMATION
The sales volume for Dec/2010 fiscal term amounted to Yen
2,146 million, an almost similar amount of Yen 2,139 million in the previous
term. Consumer spending continued weak
& sluggish. The recurring profit was
posted at Yen 37 million and the net profit at Yen 23 million, respectively,
compared with Yen 62 million recurring profit and Yen 37 million net profit,
respectively, a year ago. .
For the term that ended Dec 2011 the recurring profit was
projected at Yen 40 million and the net profit at Yen 25 million, respectively,
on a 3% rise in turnover, to Yen 2,200 million.
The final results are yet to be released.
The financial situation is considered FAIR and good for
ORDINARY business engagements. Max
credit limit is estimated at Yen 36.3 million, on 30 days normal terms.
REGISTRATION
Date Registered :
Jun 1979
Regd No. : (Osaka-Higashiosaka) 004761
Legal Status : Limited Company (Kabushiki Kaisha)
Authorized : 200,000 shares
Issued :
200,000 shares
Sum :
Yen 100 million
Major shareholders (%):
Tahsin Industrial Corp, Taiwan (100)
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports and wholesales PP sportswear,
golf kits, rain wear, home ware, office supplies, other, manufactured by the
Taiwanese parent, Tahsin Industrial Corp (--100%)
(Handling Items): outdoor wear, wind breaker, skiwear,
racer jacket, storm jacket, rain wear, office equipment (plastic binding
supplies, manual binding machines, electric binding machines), home ware
(apparel cases, shelves, hanger, shoes rack, basket, PP corrugated board),
laminator (laminating files), other
Clients: [Mfrs, wholesalers] Globeride Inc,
Mitsubishi Plastic, Dunlop Sports, Yamaha Motor, Asics Corp, Shimano Inc, Honda
Access, Meiwa Gravure, other
No. of
accounts: 500
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Imports from
Tahsin Industrial Corp, Chi Mei Corp, and its group firms.
Domestically supplied from
Shi-Etsu Chemical, other.
Payment record: No
complaints
Location:
Business area in Higashi-Osaka. Office
premises at the caption address are owned and maintained satisfactorily.
Bank References:
MUFG
(Higashi-Osaka-Chuo)
Mizuho
Bank (Osaka-Higashi)
Relations:
Satisfactory
FINANCES
(In Million Yen)
|
Terms Ending: |
31/12/2011 |
31/12/2010 |
31/12/2009 |
31/12/2008 |
|
|
Annual
Sales |
|
2,200 |
2,146 |
2,139 |
2,404 |
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Recur.
Profit |
|
40 |
37 |
62 |
103 |
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Net
Profit |
|
25 |
23 |
37 |
59 |
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Total
Assets |
|
|
2,090 |
1,629 |
1,822 |
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Current
Assets |
|
|
788 |
653 |
774 |
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Current
Liabs |
|
|
836 |
741 |
833 |
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Net
Worth |
|
|
515 |
492 |
446 |
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Capital,
Paid-Up |
|
|
100 |
100 |
100 |
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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 |
2.52 |
0.33 |
-11.02 |
-5.06 |
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Current Ratio |
|
.. |
94.26 |
88.12 |
92.92 |
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N.Worth Ratio |
.. |
24.64 |
30.20 |
24.48 |
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R.Profit/Sales |
|
1.82 |
1.72 |
2.90 |
4.28 |
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N.Profit/Sales |
1.14 |
1.07 |
1.73 |
2.45 |
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Return On Equity |
.. |
4.47 |
7.52 |
13.23 |
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Notes:
Forecast (or estimated) figures for the 31/12/2011 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.91 |
|
|
1 |
Rs.77.30 |
|
Euro |
1 |
Rs.64.11 |
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 |
-- |
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.