MIRA INFORM REPORT
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Report Date : |
15.03.2012 |
IDENTIFICATION DETAILS
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Name : |
TOMOCA ELECTRONICS CO LTD |
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Registered Office : |
Akihabara Radio Kaikan 6F, 1-15-16
Sotokanda Chiyodaku Tokyo 101-0021 |
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Country : |
Japan |
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Financials (as on) : |
31.08.2011 |
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Date of Incorporation : |
October 1970 |
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Com. Reg. No.: |
0100-01-024684
(Tokyo-Chiyodaku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, Export, Wholesale,
Retail of audio equipment, security cameras |
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No. of Employees
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43 |
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 44.9 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
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
TOMOCA ELECTRONICS CO LTD
Tomoca Denki KK
Akihabara Radio
Kaikan 6F, 1-15-16 Sotokanda Chiyodaku Tokyo 101-0021, JAPAN
Tel:
03-3253-6528 Fax: 03-3253-6519
URL: http://www./tomoca.co.jp
E-Mail address: takuhan@tomoca.co.jp
Import,
export, wholesale, retail of audio equipment, security cameras
Akihabara
(3)
(subcontracted)
MAGOMITSU
CHIHANA, PRES
Hironobu
Miyagi, dir
Hiroyuki
Katoh, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 2,284 M
PAYMENTS REGULAR CAPITAL Yen
10 M
TREND STEADY WORTH Yen
220 M
STARTED 1970 EMPLOYES 43
TRADING FIRM SPECIALIZING IN AUDIO EQUIPMENT.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR CREDIT ENGAGEMENTS:
US$50,000 / O/A 60 DAYS.
MAX
CREDIT LIMIT: YEN 44.9 MILLION, 30 DAYS NORMAL TERMS.
The subject company was established originally in 1955 by Magomasa Chihana, on his account, in order to make most of his experience in the subject line of business, and was incorporated in 1970. Magomitsu is his son. This is a trading firm specializing in import, export, wholesale and retail of audio equipment & peripherals. Operates 3 stores in Akihabara Tokyo. Goods are both imported and exported. Goods are also sold online. Nearly 30% of products are imported.
The sales volume for Aug/2011 fiscal term amounted to Yen 2,284 million, an 8% up from Yen 2,118 million in the previous term. Exports continued to grow into S/E Asian markets, particularly into China. This has more than offset the loss due to the high Yen. The recurring profit was posted at Yen 46 million and the net profit at Yen 26 million, respectively, compared with Yen 17 million recurring profit and Yen 11 million net profit, respectively, a year ago.
For the current term ending Aug 2012 the recurring profit is projected at Yen 50 million and the net profit at Yen 30 million, respectively, on a 5% rise in turnover, to Yen 2,400 million.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 44.9 million, on 30 days normal terms. The proposed amount for 60 days terms is considered well within the firm’s financial capacities.
Date Registered: Oct 1970
Regd No.: 0100-01-024684 (Tokyo-Chiyodaku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
8,000 shares
Issued:
2,000 shares
Sum: Yen 10 million
Major shareholders (%): Magomitsu Chihana (90), Yoshiko
Mizugaki (10)
No. of shareholders: 2
Nothing
detrimental is known as to the commercial morality of executives.
Activities:
Imports, exports, wholesales and retails commercial broadcasting-use audio
& video equipment & peripherals: monitor equipment, earphone amplifier,
VU meter, vibrators, measuring instruments, connector cables, headset,
audio/speaker accessories, security cameras, other (--100%)
Clients: [Broadcasting companies, TV broadcasting companies, electronic mfrs] NHK, TBS TV Broadcasting, Nippon TV Broadcasting, Sanshin Electronics, Yamaha Corp, Toyo Engineering, Den-on Engineering, other
No. of accounts: 500
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Canare Electric Co, Yamaha Corp, Panasonic System Solutions Japan, Teac Co, Neutrik, Sony Marketing, EVI Audio, Audio Technica, Belden, Roland Corp, other.
Payment record: Regular
Location: Business area in Tokyo. Office premises at the caption address are leased and maintained satisfactorily.
Bank References:
MUFG
(Akihabara)
Tokyo
Tomin Bank (Kanda)
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
31/08/2012 |
31/08/2011 |
31/08/2010 |
31/08/2009 |
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Annual
Sales |
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2,400 |
2,284 |
2,118 |
2,037 |
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Recur.
Profit |
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50 |
46 |
17 |
7 |
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Net
Profit |
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30 |
26 |
11 |
4 |
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Total
Assets |
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704 |
630 |
634 |
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Current
Assets |
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571 |
471 |
487 |
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Current
Liabs |
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290 |
264 |
300 |
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Net
Worth |
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220 |
194 |
182 |
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Capital,
Paid-Up |
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10 |
10 |
10 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
5.08 |
7.84 |
3.98 |
-17.63 |
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Current Ratio |
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.. |
196.90 |
178.41 |
162.33 |
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N.Worth Ratio |
.. |
31.25 |
30.79 |
28.71 |
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R.Profit/Sales |
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2.08 |
2.01 |
0.80 |
0.34 |
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N.Profit/Sales |
1.25 |
1.14 |
0.52 |
0.20 |
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Return On Equity |
.. |
11.82 |
5.67 |
2.20 |
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Notes:
Forecast (or estimated) figures for the 31/08/2012 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.85 |
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UK Pound |
1 |
Rs.77.97 |
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Euro |
1 |
Rs.65.62 |
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.