MIRA INFORM REPORT

 

 

Report Date :

20.06.2012

 

IDENTIFICATION DETAILS

 

Name :

TOSHIN KOGYO CO LTD

 

 

Registered Office :

Tsukasa Bldg, 2-15-4 Kanda Chiyodaku Tokyo 101-0047

 

 

Country :

Japan

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

June 1950

 

 

Com. Reg. No.:

0100-01-024420 (Tokyo-Chiyodaku)

 

 

Legal Form :

Limited Company (Kabushiki Kaisha)

 

 

Line of Business :

Manufacturer of aluminum electrolytic capacitors, plastic film capacitors, LCD modules

 

 

No. of Employees :

13

 

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

 

TOSHIN KOGYO CO LTD

REGD NAME:    Toshin Kogyo KK

MAIN OFFICE:  Tsukasa Bldg, 2-15-4 Kanda Chiyodaku Tokyo 101-0047 JAPAN

Tel: 03-3256-3781      Fax: 03-3256-3784

 

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

E-Mail address: (thru the urn)

 

 

ACTIVITIES

 

Mfg of aluminum electrolytic capacitors, plastic film capacitors, LCD modules

 

BRANCHES

 

Ueda

 

OVERSEAS

 

Hong Kong, USA, Korea, China (2)

 

FACTORIES

 

Maruko (Nagano), China (2)

 

 

OFFICERS

 

TAKESHI KASAHARA, PRES

Katsumi Aoyama, dir                 

 

Yen Amount:     In million Yen, unless otherwise stated

 

SUMMARY

 

FINANCES        FAIR                             A/SALES          Yen 2,354 M

PAYMENTS      NO COMPLAINTS          CAPITAL           Yen 67 M

TREND SLOW                          WORTH            Yen 344 M

STARTED         1950                             EMPLOYES      13

 

COMMENT

 

MFR OF ALUMINUM ELECTROLYTIC CAPACITORS.

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

                       

           

HIGHLIGHTS

           

            The subject company was established by Hiroshi Kasahara in order to make most of his experience in the subject line of business.  Takeshi is his son.  This is a specialized mfr of aluminum electrolytic capacitors, plastic film capacitors, LCD modules, other.  Has two factories in China.  Clients include major electronic makers, wholesalers, other, nationwide.

 

 

FINANCIAL INFORMATION

           

            Financials are only partially disclosed.

 

The sales volume for Dec/2011 fiscal term amounted to Yen 2,354 million, a 13% down from Yen 2,700 million in the previous term.  The recurring profit was posted at Yen 15 million and the net profit at Yen 7 million, respectively, compared with Yen 10 net profit, a year ago.  Financials are disclosed in digested form tor the 31/12/2011 fiscal term.

 

            For the current term ending Dec 2012 the recurring profit is projected at Yen 20 million and the net profit at Yen 10 million, respectively, on a 6% rise in turnover, to Yen 2,500 million.  

 

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

 

 

REGISTRATION

 

Date Registered:  Jun 1950

Regd No.:         0100-01-024420 (Tokyo-Chiyodaku)

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         5.3 million shares

Issued:                1,341,200 shares

Sum:                   Yen 67.06 million

Major shareholders (%): Tsukasa (17), Hiroshi Kasahara (12), Yoshiaki Kasahara (7),

Takeshi Kasahara (5), Keita Kasahara (4)

 

No. of shareholders: 61

 

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

 

 

OPERATION

 

Activities: Manufactures aluminum electrolytic capacitors, plastic film capacitors, LCD modules, accessories, others (--100%)

 

Clients: [Mfrs, wholesalers] Humax, Panasonic Corp, Pioneer, Panasonic Communications, SQ Corp, other

No. of accounts: 500

Domestic areas of activities: nationwide

Suppliers: [Mfrs, wholesalers] Toyama Pure Chemical Ind, Kasahara Group, Itoikawa TK, Kawatake Electronics, other

 

Payment record: No Complaints

 

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

 

Bank References:

Hachijuni Bank (Ueda)

MUFG (Shinjuku-Chuo)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

　

　

31/12/2012

31/12/2011

31/12/2010

31/12/2009

Annual Sales

　

2,500

2,354

2,700

1,900

Recur. Profit

　

20

15

　

　

Net Profit

　

10

7

10

4

Total Assets

　

　

1,659

N/A

N/A

Net Worth

　

　

344

337

327

Capital, Paid-Up

　

　

67

67

67

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

6.20

-12.81

42.11

-15.56

    Current Ratio

 

 

 

..

..

    N.Worth Ratio

 

20.74

..

..

    N.Profit/Sales

0.40

0.30

0.37

0.21

 

Notes: Financials are only partially disclosed.  For the 31/12/2011 fiscal term they are disclosed

In digested form for the first time. 

Forecast (or estimated) figures for the 31/122/2012 fiscal term.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.56.01

UK Pound

1

Rs.87.85

Euro

1

Rs.70.54

 

 

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.