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Report Date : |
18.07.2012 |
IDENTIFICATION DETAILS
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Name : |
TERAOKA SEIKO CO LTD |
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Registered Office : |
5-13-12 Kugahara Ohtaku |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
July 1947 |
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Com. Reg. No.: |
0108-01-007647 (Tokyo-Ohtaku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer of electronic gauge meters, automatic packaging machines |
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No. of Employees : |
1,076 |
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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Status : |
Good |
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Payment Behaviour : |
Regular |
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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
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 |
TERAOKA SEIKO CO LTD
REGD NAME: KK
Teraoka Seiko
MAIN OFFICE: 5-13-12
Kugahara Ohtaku
Tel:
03-3752-9427
URL: http//:www.teraokaseiko.com
E-mail: info@teraokaseiko.com
Mfg of electronic
gauge meters, automatic packaging machines
Nationwide from
Hokkaido to Kyushu (Tot 43)
Iwate, Singapore,
Shanghai
KAZUHARU TERAOKA,
PRES Kimiyuki Takano, s/mgn dir
Makoto Ikeda, mgn
dir Takashi Katayama, dir
Yoshinobu Miyake,
dir Hirosuke Yamamoto, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 40,073 M
PAYMENTS REGULAR CAPITAL Yen 100 M
TREND SLOW WORTH Yen 13,851 M
STARTED 1947 EMPLOYES 1,076
MFR OF ELECTRONIC
GAUGE METERS, PACKAGING MACHINES, ETC.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR CRDIT ENGAGEMENTS: US$200,000 / O/A 30 DAYS
The subject company was established
by Toyoharu Teraoka in order to make most of his experience in the subject line
of business. Kazuharu is his grandson. This is a specialized mfr of electronic gauge
meters, automatic packaging machines, POS systems, other. Has mfg base in Singapore and China. Noted for non-use of polystyrene foam
trays. Exports to over 100 overseas
markets.
The sales volume for Dec/2011 fiscal
term amounted to Yen 40,073 million, a 3% down from Yen 41,483 million in the
previous term. High Yen against US
Dollars and Euro reduced earnings & profits in Yen terms. The recurring profit was posted at Yen 2,189
million and the net profit at Yen 1,181 million, respectively, compared with
Yen 1,907 million recurring profit and Yen 1,133 million net profit,
respectively, a year ago. .
For the current term ending Dec 2012 the
recurring profit is projected at Yen 2,200 million and the net profit at Yen
1,200 million, respectively, on a 4% rise in turnover, to Yen 41,500
million.
The financial situation is
considered FAIR and good for ORDINARY business engagements. The proposed amount
is considered well within the firm’s financial capacities.
Date Registered: Jul
1947
Regd No.:
0108-01-007647 (Tokyo-Ohtaku)
Legal Status: Limited Company
(Kabushiki Kaisha)
Authorized: 3.9 million shares
Issued: 979,000 shares
Sum: Yen 480 million
Major shareholders (%): Teraoka Holding
Co (12.9), Kazuharu Teraoka (3.8)
No. of shareholders: 50
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures
electronic gauge meters, automatic packaging machines, POS systems, others
(100%).
Supplying to: mfg industries (5%),
distribution industries (80%), others (15%)
Exports (9%).
Clients: [Mfrs,
wholesalers, agent dealers] Teraoka Co, Teraoka System, Kyushu Teraoka, Chubu Teraoka,
Ito-Yokado Co, Aeon group firms, other
No. of accounts:
500
Domestic areas of
activities: Nationwide
Suppliers: [Mfr,
wholesalers] Digi I’s Corp, Anritsu Industrial Solutions, Yashima Denki Co,
Ricoh Co, Shindengen Electric Mfg Co, Shinko Shoji Co, Daisho Denshi Co, other
Payment record: Regular
Location: Business area in
Tokyo. Office premises at the caption
address are owned and maintained satisfactorily.
Bank References:
Mizuho Bank
(Oomori)
MUFG (Kamata)
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
31/12/2012 |
31/12/2011 |
31/12/2010 |
31/12/2009 |
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Annual
Sales |
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41,500 |
40,073 |
41,483 |
39,384 |
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Recur.
Profit |
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2,200 |
2,189 |
1,907 |
1,039 |
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Net
Profit |
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1,200 |
1,181 |
1,133 |
458 |
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Total
Assets |
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28,785 |
30,079 |
28,856 |
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Current
Assets |
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19,200 |
20,403 |
18,347 |
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Current
Liabs |
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11,269 |
13,595 |
14,356 |
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Net
Worth |
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13,851 |
12,912 |
11,870 |
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Capital,
Paid-Up |
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|
100 |
100 |
100 |
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Div.P.Share(¥) |
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25.00 |
25.00 |
10.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
3.56 |
-3.40 |
5.33 |
-1.73 |
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Current Ratio |
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.. |
170.38 |
150.08 |
127.80 |
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N.Worth Ratio |
.. |
48.12 |
42.93 |
41.14 |
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R.Profit/Sales |
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5.30 |
5.46 |
4.60 |
2.64 |
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N.Profit/Sales |
2.89 |
2.95 |
2.73 |
1.16 |
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Return On Equity |
.. |
8.53 |
8.77 |
3.86 |
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Notes: Forecast (or
estimated) figures for the 31/12/2012 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.55.15 |
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|
1 |
Rs.86.30 |
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Euro |
1 |
Rs.67.73 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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.