MIRA INFORM REPORT
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Report Date : |
15.03.2012 |
IDENTIFICATION DETAILS
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Name : |
ADVANTEC TOYO KAISHA LTD |
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Registered Office : |
1-18-10 Otowa Bunkyoku Tokyo 112-0013 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
June 1961 |
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Com. Reg. No.: |
0100-01-117541
(Tokyo-Bunkyoku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, Export, Wholesale of filter papers, laboratory
equipment |
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No. of Employees
: |
353 |
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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Maximum Credit Limit : |
Yen 855.3 Million |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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 |
ADVANTEC TOYO KAISHA LTD
Advantec Toyo KK
1-18-10 Otowa Bunkyoku
Tokyo 112-0013 JAPAN
Tel:
03-5981-0609
Fax: 03-5981-0610
URL: http://www.advantec.co.jp/
E-mail: info-shohin@advantec.co.jp
Import,
export, wholesale of filter papers, laboratory equipment
Sapporo,
Sendai, Nagoya, Kyoto, Osaka, Kobe, Chiba, Hiroshima, Okayama, Fukuoka, other
(Tot 26)
USA
(subsidiary)
Akira
Tobe, ch YOSHIKI MATSUO,
PRES
Kosuke
Tobe, v pres Norikatsu Morimoto, mgn
dir
Hiroyoshi
Kakiuchi, dir Kuniomi Kitta, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 22,198 M
PAYMENTS No Complaints CAPITAL Yen
100 M
TREND SLOW WORTH Yen
10,261 M
STARTED 1961 EMPLOYES 353
TRADING
FIRM SPECIALIZING IN FILTERS & LABORATORY EQUIPMENT
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
MAX
CREDIT LIMIT: YEN 855.3 MILLION, 30 DAYS NORMAL TERMS
The subject company was established by Akira Tobe in order to make most
of his experience in the subject lien of business. This is the core of Advantec Group,
consisting of 4 firms: the subject firm, Toyo Roshi Kaisha (mfg of
filters/filtering machinery), Toyo Kaisha Ltd (mfg of laboratory/scientific
instruments) and Advantec MFS Inc (USA).
The subject specializes in import, export and wholesale of paper
filters, laboratory equipment & instruments. Clients include beer breweries, oil mills, pharmaceutical
makers, other, nationwide
The sales volume for Mar/2011 fiscal term amounted to Yen 22,198
million, a 3% up from Yen 21,542 million in the previous term. Exports increased. Demand increased, particularly from beer breweries
and pharmaceuticals. The recurring
profit was posted at Yen 1,762 million and the net profit at Yen 972 million,
respectively, compared with Yen 1,527 million recurring profit and Yen 873
million net profit, respectively, a year ago.
For the current term ending Mar 2012 the recurring profit is projected
at Yen 1,850 million and the net profit at Yen 995 million, respectively, on a
4% rise in turnover, to Yen 23,200 million.
The financial situation is considered FAIR and good for ORDINARY business
engagements. Max credit limit is
estimated at Yen 853.3 million, on 30 days normal terms.
Date Registered: Jun 1961
Regd No.: 0100-01-117541 (Tokyo-Bunkyoku)
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 1.6
million shares
Issued: 408,000
shares
Sum: Yen 100 million
Major shareholders (%): Toyo
Roshi Kaisha* (75.4), Employees’ S/Holding Assn (24.6)
No. of shareholders: 2
*.. Group firm, at the caption address, mfr of paper filters, filtering machinery,
founded 1933, capital Yen 100 million, sales Yen 7,836 million, net profit Yen
612 million, employees 226, pres Yoshiki Matsuo, concurrently.
Nothing detrimental is known as to the commercial morality of
executives.
Activities: Imports, exports
and wholesales laboratory instruments/equipment (51%), filters, filtration
products (--49%), others (1%).
Exports (6%).
(Handling items):
Filtration
products: membrane filters, prefilters & depth media, filter holders,
filtration accessories, disposable syringe filter units, filter papers &
thimbles, food analysis products, environmental monitoring products,
microbiology produces, chromatography products, cartridges & capsules,
cartridge housings, ultra-filtration, other;
Laboratory Instruments: fraction
collectors, magnetic stirrers, rocking incubators, water baths & constant
temperature units, electrophoresis units, other.
Clients: [Mfrs,
wholesalers] JSR, Kirin Beer, J-Oil Mills, Kyowa Medics, Kajima Corp, Daikin
Ind, Sanwa Kagaku Kenkyusho, other
No. of accounts: 300
Domestic areas of activities: Nationwide
Suppliers [Mfrs,
wholesalers] Toyo Roshi, Toyo Kaisha (--group firms), Sanyo Electric, Nippon Waters, Horiba Ltd, Mettler-Toredo
International, other
Payment record: No Complaints
Location:
Business area in Tokyo. Office premises
at the caption address are owned and maintained satisfactorily.
Bank References:
MUFG
(Nihombashi)
Mizuho
Bank (Toranomon)
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
31/03/2012 |
31/03/2011 |
31/03/2010 |
31/03/2009 |
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Annual
Sales |
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23,200 |
22,198 |
21,542 |
23,093 |
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Recur.
Profit |
|
1,850 |
1,762 |
1,527 |
1,431 |
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Net
Profit |
|
995 |
972 |
873 |
846 |
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Total
Assets |
|
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18,250 |
17,203 |
16,783 |
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Current
Assets |
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12,808 |
13,461 |
13,674 |
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Current
Liabs |
|
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6,992 |
6,885 |
7,251 |
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Net
Worth |
|
|
10,261 |
9,319 |
8,476 |
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Capital,
Paid-Up |
|
|
100 |
100 |
100 |
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Div.P.Share(¥) |
|
|
75.00 |
75.00 |
75.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
4.51 |
3.05 |
-6.72 |
-8.32 |
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Current Ratio |
|
.. |
183.18 |
195.51 |
188.58 |
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N.Worth Ratio |
.. |
56.22 |
54.17 |
50.50 |
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R.Profit/Sales |
|
7.97 |
7.94 |
7.09 |
6.20 |
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N.Profit/Sales |
4.29 |
4.38 |
4.05 |
3.66 |
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Return On Equity |
.. |
9.47 |
9.37 |
9.98 |
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Notes:
Forecast (or estimated) figures for the 31/03/2012 fiscal term
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.90 |
|
UK Pound |
1 |
Rs.78.15 |
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Euro |
1 |
Rs.65.09 |
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 |
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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.