MIRA INFORM REPORT

 

 

Report Date :           

09.01.2012

 

IDENTIFICATION DETAILS

 

Name :

TOA INTERSYSTEM INC

 

 

Registered Office :

1700-25 Kanekoshinden Sanjo Niigata-Pref 955-0814

 

 

Country :

Japan

 

 

Financials (as on) :

31.07.2011

 

 

Date of Incorporation :

April 2001

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Manufacturer of working tools

 

 

No. of Employees :

6

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

Yen 4.5 Million

Status :

Moderate

Payment Behaviour :

Unknown

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

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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

 

TOA INTERSYSTEM INC

 

 

REGD NAME

 

KK Toa Intersystem

 

 

MAIN OFFICE

 

1700-25 Kanekoshinden Sanjo Niigata-Pref 955-0814 JAPAN

Tel: 0256-32-5018      Fax: 0256-32-5012

                                               

URL:                             http://www.toa-intersystem.co.jp

E-Mail address:            (thru the URL)

 

 

ACTIVITIES

 

Mfg of working tools

 

 

BRANCHES

 

Nil

 

 

FACTORIES

 

At the caption address

 

 

OFFICERS

 

MINORU KOUCHI, PRES                      

 

Yen Amount:     In million Yen, unless otherwise stated

 

SUMMARY

 

FINANCES                    R/WEAK                       A/SALES          Yen 245 M

PAYMENTS      Unknown                   CAPITAL           Yen 10 M

TREND             SLOW                          WORTH            Yen 73 M

STARTED                     2001                             EMPLOYES      6

 

 

COMMENT    

 

MFR OF WORKING TOOLS.

 

FINANCIAL SITUATION CONSIDERED RATHER WEAK AND DOUBTFUL FOR CREDIT ENGAGEMENTS: US$1,500,000 / O/A 60DAYS.

                       

MAX CREDIT LIMIT: YEN 4.5 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

The subject company was established by Minoru Kouchi in order to make most of his experience in the subject line of business.  This firm specializes in mfg working tools.

 

 

FINANCIAL INFORMATION

           

Financial are only partially disclosed.

 

The sales volume for Jul/2010 fiscal term amounted to Yen 245 million, a 13% down from Yen 280 million in the previous term, as affected by the global economic downturn.  High Yen hurt revenues & profits in Yen terms.  The net profit was posted at Yen 5 million, compared with Yen 20 million a year ago.

 

For the term that ended Jul 2011 the net profit was projected at Yen 5 million, on a 6% rise in turnover, to Yen 260 million.  Final results are yet to be released.

 

The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements.  The proposed amount, however, is considered TOO HIGH from the recent financial status.  Max credit limit is estimated at Yen 4.5 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:  Apr 2001

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         800 shares

Issued:    200 shares

Sum:                   Yen 10 million

Major shareholders (%): Minoru Kouchi (100)

 

Nothing detrimental is known as to his commercial morality.

 

 

OPERATION

           

Activities: Manufactures working tools (100%)

 

Clients: [Mfrs, wholesalers] Greenlee Textron, Klein Tools, I-Deal Co, Sotsu Corp, other

            No. of accounts: 200

            Domestic areas of activities: Centered in Niigata-Pref & vicinities

Suppliers: [Mfrs, wholesalers] Tsunoda Co, Sanyu Printing, other

 

Payment record: Unknown

 

Location: Business area in Sanjo, Niigata-Pref.  Office premises at the caption address are leased and maintained satisfactorily.

 

Bank References:

·         Daiko Bank (Higashi-Sanjo)

·         Sanjo Shinkin Bank (Higashi)

Relations: Satisfactory

 

FINANCES

(In Million Yen)

 

Terms Ending:

　

31/07/2011

31/07/2010

31/07/2009

31/07/2008

Annual Sales

　

260

245

280

230

Recur. Profit

　

　

　

　

　

Net Profit

　

5

5

20

13

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

73

68

48

Capital, Paid-Up

　

　

10

10

10

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

6.12

-12.50

21.74

-8.00

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

1.92

2.04

7.14

5.65

 

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 31/07/2011 fiscal term.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.78

UK Pound

1

Rs.81.79

Euro

1

Rs.67.46

 

 

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.