MIRA INFORM REPORT
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Report Date : |
10.01.2012 |
IDENTIFICATION DETAILS
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Name : |
TOHO INTERNATIONAL INC |
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Registered Office : |
Minami-Kyuhoji Osaka Sangyo Bldg 7F, 4-3-5 Minami-Kyuhojimachi Chuoku, Osaka 541-0058 |
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Country : |
Japan |
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Financials (as on) : |
30.09.2011 |
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Date of Incorporation : |
January 1988 |
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Com. Reg. No.: |
(Osaka-Chuoku) 085415 |
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Legal Form : |
Limited Company |
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Line of Business : |
Export of wire & spring;
import of wire/cable making equipment & tools |
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No. of Employees
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23 |
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 28.7 Million |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Regular |
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Litigation : |
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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
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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
TOHO INTERNATIONAL INC
REGD NAME
Toho International
KK
MAIN OFFICE
Minami-Kyuhoji Osaka Sangyo Bldg 7F, 4-3-5 Minami-Kyuhojimachi Chuoku,
Osaka 541-0058 JAPAN
Tel:
06-6243-4561 Fax: 06-6243-4565
URL: www.toho-intl.co.jp
E-mail: export@toho-intl.co.jp; import@toho-intl.co.jp
ACTIVITIES
Export
of wire & spring; import of wire/cable making equipment & tools
BRANCHES
Tokyo;
Singapore
OFFICER(S)
HIROFUMI
NAKAZAKI, PRES
Taeko
Nakamura, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 1,976 M
PAYMENTS REGULAR CAPITAL Yen 30 M
TREND SLOW WORTH Yen
268 M
STARTED 1988 EMPLOYES 23
COMMENT
TRADING
FIRM SPECIALIZING IN WIRE & SPRING AND TOOLS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
MAX
CREDIT LIMIT: YEN 28.7 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Hirofumi Nakazaki in order to
make most of his experience in the subject line of business. This is a trading firm for import and export
of precision wire & spring, wire/spring making tools & equipment (See OPERATION). Exports to Singapore, Hong Kong, China, other
S/E Asian countries, and imports from USA, Europe, other.
FINANCIAL INFORMATION
The sales volume for Sept/2011 fiscal term amounted to Yen 1,976 million,
a 1.2% down from Yen 2,000 million in the previous term. Exports were hurt by the high Yen, reducing
its export revenues & profits. The
recurring profit was posted at Yen 93 million and the net profit at Yen 56
million, respectively, compared with Yen 90 million recurring profit and Yen 51
million net profit, respectively, a year ago.
.
For the current term ending Sept 2012 the recurring profit is projected
at Yen 95 million and the net profit at Yen 60 million, respectively, on a 4%
rise in turnover, to Yen 2,050 million.
Financial situation is considered FAIR and good for ORDINARY business
engagements. Max credit limit is
estimated at Yen 28.7 million, on 30 days normal terms.
REGISTRATION
Date Registered: Jan 1988
Regd No.: (Osaka-Chuoku) 085415
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 2,400
shares
Issued: 600
shares
Sum: Yen 30 million
Major shareholders (%):
Hirofumi Nakazaki (70), other
No. of shareholders: 3
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Exports
precision various types of wire & spring, spring wire, strips for spring,
other (--60%); imports wire/spring making tools/equipment, such as wire drawing
dies, cold pressure welders, precision die tools, optical instruments for die
& wire measurement, other (--40%).
Exports oil tempered alloy & stainless steel wire for important
parts of a car, such as valve spring of an engine, suspensit9n springs in automobile.
Clients: [Mfrs,
wholesalers] Sumitomo Steel Wire Corp, Sumiden Fine Conductors, Electric Ind,
Bridgestone Corp, Furukawa Electric Ind, Hitachi Group, Tokusen Corp, Misuzu
Co, Japan Fine Steel Corp, other.
Exports to Hong Kong, China, Singapore, other S/E Asian countries
No. of accounts: 500
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Sugita Wire Inc, Sumitomo Electric Ind, Nippon Seisen Co, Koyo
Senzai Co, NAS Stainless Steel Strip Mfg, JFE Techno Wire, Y Spring Corp,
other.
Imports from USA, Europe, other.
Payment record: Regular
Location: Business area in
Osaka. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
·
Mizuho Bank (Semba)
·
Kinki Osaka Bank (Joto)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
30/09/2012 |
30/09/2011 |
30/09/2010 |
30/09/2009 |
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Annual
Sales |
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2,050 |
1,976 |
2,000 |
1,527 |
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Recur.
Profit |
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95 |
93 |
90 |
54 |
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Net
Profit |
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60 |
56 |
51 |
34 |
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Total
Assets |
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1,118 |
1,021 |
861 |
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Current
Assets |
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904 |
818 |
676 |
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Current
Liabs |
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581 |
564 |
477 |
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Net
Worth |
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268 |
234 |
183 |
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Capital,
Paid-Up |
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30 |
30 |
30 |
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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 |
3.74 |
-1.20 |
30.98 |
-27.29 |
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Current Ratio |
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.. |
155.59 |
145.04 |
141.72 |
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N.Worth Ratio |
.. |
23.97 |
22.92 |
21.25 |
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R.Profit/Sales |
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4.63 |
4.71 |
4.50 |
3.54 |
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N.Profit/Sales |
2.93 |
2.83 |
2.55 |
2.23 |
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Return On Equity |
.. |
20.90 |
21.79 |
18.58 |
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Notes:
Forecast (or estimated) figures for the 30/09/2012 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.52.73 |
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UK Pound |
1 |
Rs.81.34 |
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Euro |
1 |
Rs.67.01 |
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.