MIRA INFORM REPORT

 

 

Report Date :

05.05.2012

 

IDENTIFICATION DETAILS

 

Name :

TOKI TRADING LTD

 

 

Registered Office :

5-3-8 Yayoigaoka Sanda City Hyogo-Pref 669-1546

 

 

Country :

Japan

 

 

Financials (as on) :

31.03.2011

 

 

Date of Incorporation :

December 2002

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, wholesale of AC adaptors, AC cord/connectors etc.

 

 

No. of Employees :

8

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

Slow but Correct

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

 

TOKI TRADING LTD

REGD NAME:    Toki Trading KK

MAIN OFFICE:  5-3-8 Yayoigaoka Sanda City Hyogo-Pref 669-1546 JAPAN

Tel: 079-560-7333     

Fax: 079-560-7334

 

*.. The given address is its Branch Office

                                               

URL:                 http://www.toki-t.com

E-Mail address: info@toki-t.com

 

 

ACTIVITIES

 

Import, wholesale of AC adaptors, AC cord/connectors, other

 

BRANCHES   

 

Sanda (2)

 

 

OFFICERS

 

SACHIKO TAKEHIRO, PRES                                                    

 

Yen Amount:     In million Yen, unless otherwise stated

 

SUMMARY

 

FINANCES                    R/WEAK                                   A/SALES          Yen 158 M

PAYMENTS      SLOW BUT CORRECT               CAPITAL           Yen 10 M

TREND             SLOW                                      WORTH                        Yen 42 M

STARTED                     2002                                         EMPLOYES      8

 

 

COMMENT

 

TRADING FIRM SPECIALIZING IN AC ADAPTORS, OTHER.

FINANCIAL SITUATION CONSIDERED RATHER WEAK AND DOUBTFUL FOR CREDIT ENGAGEMENTS: US$150,000.00 / O/A TERMS.

                       

 

HIGHLIGHTS

           

            The subject company was established by Sachiko Takehiro in order to make most of her experience in the subject line of business.  This is a family-based trading firm, owned and operated by the Takehiro family, for import and wholesale of AC adaptors, AC cord/connectors, DC/DC converters, other (See OPERATION).  Clients include major electronics mfrs, other.

 

 

FINANCIAL INFORMATION

           

            Financial are only partially disclosed as is the case with family-based companies.

 

The sales volume for Mar/2011 fiscal term amounted to Yen 158 million, a 5% up from Yen 150 million in the previous term.  The net profit was posted at Yen 8 million, compared with Yen 6 million a year ago.

 

            For the term that just ended Mar 2012 the net profit was projected at Yen 10 million, on a 4% rise in turnover, to Yen 165 million.  Final results are yet to be released. 

 

The financial situation is considered RATHER WEAK but should be good for MODERATE  business engagements.  The proposed amount, however, is considered TOO HIGH from the recent financial status. 

 

 

REGISTRATION

 

Date Registered:  Dec 2002

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         800 shares

Issued:                200 shares

Sum:                   Yen 10 million

Major shareholders (%): Tokiko Takehiro (50), Sachiko Takehiro (50)

No. of shareholders: 2

 

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

 

 

OPERATION

           

Activities: Imports and wholesales AC adaptors for industrial/medical use (80%), AC cord/connectors, LED driver, DC/DC converters, output plug/connectors, antennas, AC cord, power cables, other (--20%)

 

Clients: [Mfrs, wholesalers] Panasonic Corp, Mitsubishi Electric, NEC group, Hitachi Ltd group, other

No. of accounts: 300

Domestic areas of activities: Centered in greater-Osaka

Suppliers: [Mfrs, wholesalers] Power Win Inc, Simpro, ENG  Inc, KSS, Rento Electric Wire, other

 

Payment record: Slow but Correct

 

Location: Business area in Sanda City, Hyogo-Pref.  Office premises at the caption address are owned by Sachiko Takehiko as her private residence and maintained satisfactorily.

 

Bank References:

SMBC (Sanda)

MUFG (Sanda)

Relations: Satisfactory

 

 

FINANCES

 

(In Million Yen)

Terms Ending:

　

31/03/2012

31/03/2011

31/03/2010

31/03/2009

Annual Sales

　

165

158

150

150

Recur. Profit

　

　

　

　

　

Net Profit

　

10

8

6

6

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

42

34

28

Capital, Paid-Up

　

　

10

10

10

Div.P.Share(₯)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

4.43

5.33

0.00

7.14

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

6.06

5.06

4.00

4.00

 

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.53.72

UK Pound

1

Rs.86.98

Euro

1

Rs.70.64

 

 

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.