MIRA INFORM REPORT

 

 

Report Date :

29.06.2012

 

IDENTIFICATION DETAILS

 

Name :

TENGA CO LTD

 

 

Registered Office :

NID Bldg 3F, 1-23-0 Honcho Nakanoku Tokyo 164-0012

 

 

Country :

Japan

 

 

Financials (as on) :

29.02.2012

 

 

Date of Incorporation :

March 2005

 

 

Legal Form :

Limited Company (Kabushiki Kaisha)

 

 

Line of Business :

Manufacturer of toys for adults

 

 

No. of Employees :

24

 

 

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

 

TENGA CO LTD

REGD NAME:    KK Tenga

MAIN OFFICE:  NID Bldg 3F, 1-23-0 Honcho Nakanoku Tokyo 164-0012 JAPAN

Tel: 03-6684-5811      Fax: 03-6687-0446

 

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

E-Mail address: (thru the URL)

 

ACTIVITIES

 

Mfg of toys for adults

 

BRANCHES   

 

Nil

 

FACTORIES

 

(subcontracted)

 

 

OFFICERS

 

TSUTOMU MATSUURA, PRES

Masanobu Satoh, dir

Takashi Matsuura, dir

           

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY

 

FINANCES        FAIR                             A/SALES          Yen 2,200 M

PAYMENTS      NO COMPLAINTS          CAPITAL           Yen 43 M

TREND UP                                WORTH            Yen 502 M

STARTED         2005                             EMPLOYES      24

 

COMMENT    

 

MFG OF ADULTS TOYS.

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

                       

                       

HIGHLIGHTS

           

            The subject company was established by Tsutomu Matsuura in order to make most of his experience in the subject line of business.  This is a specialized mfr of toys for adults.  Its website prohibits to view for non-adult persons.  Goods are exported to Taiwan, USA, Thailand, EU, other.

 

 

FINANCIAL INFORMATION

           

            The sales volume for Feb/2012 fiscal term amounted to Yen 2,200 million, a 10% up from Yen 2,002 million in the previous term.  The recurring profit was posted at Yen 178 million and the net profit at Yen 107 million, respectively, compared with Yen 207 million recurring profit and Yen 88 million net profit, respectively, a year ago.

 

            For the current term ending Feb 2013 the recurring profit is projected at Yen 180 million and the net profit at Yen 110 million, respectively, on a 5% rise in turnover, to Yen 2,300 million.   Final results are yet to be released. 

 

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

 

 

REGISTRATION

 

Date Registered:  Mar 2005

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         4,300 shares

Issued:                4,300 shares

Sum:                   Yen 43 million

Major shareholders (%): SOD Create (72), Tsutomu Matsuura (12), Masaya Takahashi

(11), Executives’ S/Holding Assn (3), Customers’ S/Holding Assn (2)

No. of shareholders: 5

 

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

 

 

OPERATION

           

Activities: Manufactures toys for adults, other (--100%)

 

Clients: [Mfrs, wholesalers] SOD Create, Nakajima Chemicals, other

Exports to Taiwan, Thailand, USA, EU, other 

No. of accounts: Unavailable

Domestic areas of activities: Nationwide

Suppliers: [Mfrs, wholesalers] Nakajima Chemicals, Zephyr Corp, Nippon Film Ind, Unite Co, other

 

Payment record: No Complaints

 

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

 

Bank References:

SMBC (Nakano)

Tokyo Tomin Bank (Nakano)

Relations: Satisfactory

 

 

FINANCES

 (In Million Yen)

 

       Terms Ending:

28/02/2013

29/02/2012

28/02/2011

28/02/2010

Annual Sales

　

2,300

2,200

2,002

1,551

Recur. Profit

　

180

178

207

254

Net Profit

　

110

107

88

151

Total Assets

　

　

761

625

471

Current Assets

　

　

673

549

418

Current Liabs

　

　

259

230

164

Net Worth

　

　

502

394

306

Capital, Paid-Up

　

　

43

43

43

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

4.55

9.89

29.08

33.71

    Current Ratio

 

..

259.85

238.70

254.88

    N.Worth Ratio

..

65.97

63.04

64.97

    R.Profit/Sales

 

7.83

8.09

10.34

16.38

    N.Profit/Sales

4.78

4.86

4.40

9.74

    Return On Equity

..

21.31

22.34

49.35

 

Notes: Forecast (or estimated) figures for the 28/02/2013 fiscal term.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.56.92

UK Pound

1

Rs.88.91

Euro

1

Rs.71.25

 

 

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.