Final report
|
Report Date : |
09.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
TOYO COTTON ( |
|
|
|
|
Registered Office : |
Cotton Nissei Bldg 4F, 1-8-2 Utsubo-Honmachi Nishiku Osaka 550-0004 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2012 |
|
|
|
|
Date of Incorporation : |
March 1990 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Trading firm specializing in cotton yarn, cotton textiles |
|
|
|
|
No. of Employees : |
19 |
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 |
|
Maximum Credit Limit : |
Yen 367.5 Million |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
Regular |
|
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 |
TOYO COTTON (JAPAN) CO LTD
Toyo Menka KK
Cotton Nissei Bldg
4F, 1-8-2 Utsubo-Honmachi Nishiku Osaka 550-0004 JAPAN
Tel:
06-6479-1422 Fax: 06-6479-1425
URL: http://www.toyocotton.com
E-Mail address: oswco@toyocotton.com
Trading
firm specializing in cotton yarn, cotton textiles
Tokyo
USA,
Korea, Taiwan, Hong Kong, Thailand, Indonesia, Vietnam, Brazil, Australia
KENICHI
YAMAOKA, PRES Masahiko Fukuya, dir
Kazumi
Takakura, dir Koji Hatta,
dir
Masanori
Shimada, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 19,880 M
AYMENTS REGULAR CAPITAL Yen 490 M
TREND UP WORTH Yen 1,007 M
STARTED 1990 EMPLOYES 19
TRADING FIRM SPECIALIZING IN COTTON YARN/TEXTILES, OWNED BY
TOYOTA TSUSHO CORP.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 367.5 MILLION, 30 DAYS NORMAL TERMS
The subject company was established originally in 1920 on the basis of cotton department separated from Mitsui & Co Ltd. The parent body, then Tomen Corporation was merged by Toyota Tsusho Corp in 1990 the firm became its consolidated subsidiary. It specializes in importing and exporting cotton yarns/textiles. 70% of the sales are exports. Clients include major textile makers.
Financial are consolidated by Toyota Tsusho Corp and only partially disclosed.
The sales volume for Mar/2011 fiscal term amounted to Yen 19,880 million, a 77% up from Yen 11,259 million in the previous term. The net profit is estimated posted at Yen 150 million, compared with Yen 103 million a year ago.
For the term that ended Mar 2012 the net profit was projected at Yen 160 million, on a 6% rise in turnover, to Yen 21,000 million. 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 367.5 million, on 30 days normal terms.
Date Registered: Mar 1990
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
9,800 shares
Issued:
9,800 shares
Sum: Yen 490 million
Major shareholders (%): Toyota Tsusho Corp (majority
owned)
No. of shareholders: 5
*.. Sole trading firm of Toyota group, founded 1948, listed Tokyo, Osaka S/E’s
Capital Yen 64,936 million, sales Yen 5,916,759 million, operating profit Yen 92,403 million, recurring profit Yen 115,110 million, net profit Yen 66,205 million, total assets Yen 2,837,428 million, net worth Yen 751,747 million, employees 31,081, pres Jun Karube
Nothing detrimental is known as
to the commercial morality of executives.
Activities: Trading firm for export, import and wholesales cotton yarns/textiles (--100%)
Clients: [Mfrs, wholesalers] 70% of the goods are exported.
Domestic clients include: Kuraray Corp, Toyobo Co, other
No. of accounts: 200
Domestic areas of activities: Nationwide
Suppliers: [mfrs, wholesalers] Calcott, Toyo Cotton, other
Payment record: Regular
Location: Business area in Osaka. Office premises at the caption address are leased and maintained satisfactorily.
Bank References:
MUFG
(Osaka)
SMBC
(Nagoya)
Relations:
Satisfactory
(In Million Yen)
|
|
|
31/03/2012 |
31/03/2011 |
31/03/2010 |
31/03/2009 |
|
Annual
Sales |
|
21,000 |
19,880 |
11,259 |
15,980 |
|
Recur.
Profit |
|
|
|
|
|
|
Net
Profit |
|
160 |
150 |
103 |
75 |
|
Total
Assets |
|
|
N/A |
3,393 |
3,408 |
|
Net
Worth |
|
|
1,007 |
902 |
1,888 |
|
Capital,
Paid-Up |
|
|
490 |
490 |
490 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
5.63 |
76.57 |
-29.54 |
-3.98 |
|
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
.. |
26.58 |
55.40 |
|
|
N.Profit/Sales |
0.76 |
0.75 |
0.91 |
0.47 |
|
Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/03/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.36 |
|
UK Pound |
1 |
Rs.85.64 |
|
Euro |
1 |
Rs.69.21 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.