MIRA INFORM REPORT

 

 

Report Date :

02.06.2012

 

IDENTIFICATION DETAILS

 

Name :

TSUBOI CORPORATION

 

 

Registered Office :

Tsuboi Bldg, 2-9-17 Ginza Chuoku Tokyo 104-0061

 

 

Country :

Japan

 

 

Financials (as on) :

31.10.2011

 

 

Date of Incorporation :

September 1944

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Engineering works, construction works

 

 

No. of Employees :

219

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

Payment Behaviour :

No Complaints

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

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name and address

 

TSUBOI CORPORATION

REGD NAME:    Tsuboi Kogyo KK

MAIN OFFICE:  Tsuboi Bldg, 2-9-17 Ginza Chuoku Tokyo 104-0061 JAPAN

     Tel: 03-3563-1301      Fax: 03-3564-3831

                                               

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

E-Mail address: (thru the URL)

 

 

ACTIVITIES

 

Engineering works, construction works

 

BRANCHES   

 

Kawasaki, Fujisawa, Nagoya, Chiba, Yokohama, Osaka, Sendai, Saitama

 

FACTORIES

 

At the caption address (laboratories, other)

 

OFFICERS

 

HARUMASA TSUBOI, PRES      Tomoaki Suzuki, s/mgn dir

Akira Kadoma, mgn dir               Yasushi Yada, dir

Naomi Omiya, dir                                   Akitoshi Fujita, dir                                 

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY

 

FINANCES        FAIR                             A/SALES          Yen 14,407 M

PAYMENTS  NO COMPLAINTS  CAPITAL           Yen 100 M

TREND SLOW                          WORTH            Yen 2,606 M

STARTED         1944                             EMPLOYES      219

 

 

COMMENT

 

CONSTRUCTION WORKS.

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR CREDIT ENGAGEMENTS: US$3,000,000.00 / O/A 60 DAYS.

                       

                       

HIGHLIGHTS

           

            The subject company was established by father of Harumasa Tsuboi in order to make most of his experience in the subject line of business.  This is an engineering works company, specializing in construction works, earth works, other.  Strong with government agencies, local municipalities, other.

 

 

FINANCIAL INFORMATION

 

            The sales volume for Oct/2011 fiscal term amounted to Yen 14,407 million, an 8% up from Yen 13,358 million in the previous term.  The Earthquake in Mar/2011 in the north Japan area initiated new demands for earth works and building works.  The recurring profit was posted at Yen 186 million and the net profit at Yen 19 million, respectively, compared with Yen 80 million recurring profit and Yen 187 million net profit, respectively, a year ago.

 

            For the current term ending Oct 2012 the recurring profit is projected at Yen 185 million and the net profit at Yen 20 million, respectively, on a 1% rise in turnover, to Yen 14,500 million. 

 

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

 

 

REGISTRATION

 

Date Registered:  Sept 1944

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         7.6 shares

Issued:                1.92 shares

Sum:                   Yen 100 million

Major shareholders (%): Tsuboi Real Estate Co (22.9)

No. of shareholders: 9

 

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

 

 

OPERATION

           

Activities: Construction works (80%), engineering works, earth works (20%)

 

Clients: [Governments, municipal offices] Tokyo-Metrop Office, JFE Group firms, Toyota Motor Group firms, Japan Railways, other

No. of accounts: 300

Domestic areas of activities: Nationwide

Suppliers: [Mfrs, wholesalers] Inoue Shoji Tekko Kenzai Co, Mitani Corp, Hayakawa Denko Co, Aoki Steel Co, other

 

Payment record: No Complaints

 

Location: Business area in Tokyo.  Office premises at the caption address are owned and maintained satisfactorily.

 

Bank References:

MUFG (Ginza)

Mizuho Bank (Ginza-Chuo)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

       Terms Ending:

31/10/2012

31/10/2011

31/10/2010

31/10/2009

Annual Sales

　

14,500

14,407

13,358

15,184

Recur. Profit

　

185

186

80

235

Net Profit

　

20

19

187

97

Total Assets

　

　

11,066

14,399

14,107

Current Assets

　

　

7,809

10,050

　

Current Liabs

　

　

6,043

8,789

　

Net Worth

　

　

2,606

2,598

2,782

Capital, Paid-Up

　

　

100

100

100

Div.P.Share(₯)

　

　

6.00

6.00

6.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

0.65

7.85

-12.03

17.07

    Current Ratio

 

..

129.22

114.35

..

    N.Worth Ratio

..

23.55

18.04

19.72

    R.Profit/Sales

 

1.28

1.29

0.60

1.55

    N.Profit/Sales

0.14

0.13

1.40

0.64

    Return On Equity

..

0.73

7.20

3.49

 

Notes: Forecast (or estimated) figures for the 31/10/2012 fiscal term.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.92

UK Pound

1

Rs.86.03

Euro

1

Rs.69.13

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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.