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Report Date : |
14.05.2012 |
IDENTIFICATION DETAILS
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Name : |
TID LIMITED |
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Registered Office : |
TID Bldg, 12-19 Nihombashi-Ohdenmacho Chuoku |
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Country : |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
April
1956 |
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Com. Reg. No.: |
(Tokyo-Chuoku)
050832 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, Export, Wholesale of information &
telecommunication systems |
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No. of Employees : |
220 |
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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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
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 |
TID LIMITED
KK T I D
TID Bldg, 12-19
Nihombashi-Ohdenmacho Chuoku Tokyo 103-0011 JAPAN
Tel:
03-5623-5200 Fax: 03-5623-5201
E-Mail address: info@tid.co.jp
Import,
export, wholesale of information & telecommunication systems
Osaka,
Nagoya, Fukuoka, Narita Airport, Kansai International Airport
(subcontracted)
TAKESHI
TAKEUCHI,PRE Haruo Hayashi, ch
Ken
Sugiura, dir Tamotsu Nagahara,
dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 3,083 M
PAYMENTS No Complaints CAPITAL Yen 120 M
TREND UP WORTH Yen 1,945 M
STARTED 1956 EMPLOYES 220
TRADING FIRM SPECIALIZING IN INFORMATION/TELECOMMUNICATION
SYSTEMS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR CREDIT ENGAGEMENTS: US$50,000 / O/A 30 DAYS.
The subject company was established originally by D L Filler of Aeronautical
Radio Inc, as Ground Communication Service Center. By taking over all businesses from D L
Pillar, Toyo Insatsu Denshinki Co Ltd was established. In Apr 1988, the corporate name was changed
to TID Ltd. This is a trading firm
specializing in import, export and wholesale of information &
telecommunication systems. Handles
computer & network system devices, too.
Has two centers at airports: Narita Airport and Kansai International
Airport. Clients include major
electronics mfrs, telecommunications, other, nationwide.
The sales volume for Mar/2011 fiscal term amounted to Yen 3,083 million,
a 3% up from Yen 3,006 million in the previous term. The recurring profit was posted at Yen 29 million
and the net profit at Yen 2 million, respectively, compared with Yen 21 million
recurring profit and Yen 16 million net losses, respectively, a year ago.
For the term that ended Mar 2012 the recurring profit was projected at
Yen 30 million and the net profit at Yen 3 million, respectively, on a 2% rise
in turnover, to Yen 3,150 million. Final
results are yet to be released. . .
The financial situation is considered FAIR and good for ORDINARY
business engagements.
Date Registered: Apr 1956
Regd No.: (Tokyo-Chuoku) 050832
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
640,000 shares
Issued:
240,000 shares
Sum: Yen 120 million
Major shareholders (%): Haruo Hayashi (21), Akiko
Hayashi (8), Natsuyo Imaizumi (8), Takeshi Takeuchi (3), Katsuhiko Irisawa (3)
No. of shareholders: 103
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports, exports
and wholesales information & telecommunications systems, computer &
network system devices, other (--100%).
Clients: [Electronics
mfrs, wholesalers] Itochu Techno Solutions, Chubu Telecommunications, Oracle
Information Systems Japan, Sun Microsystems, NTT East Corp, NTT West Corp, Mitsubishi
Corp, Sumitomo Corp, Cathay Pacific Airways, Showa Shell Sekiyu, Toyo Electron
Ltd, Fujitsu Technology Solutions, IBM Japan, Ricoh Co, Fujitsu Fsas Inc, other
No. of accounts: 500
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs, wholesalers]
Daiwabo Information Systems, Hewlett Packard Japan, Soft Bank BB, MT Field
Service, Dell, Otsuka Shokai, Raritan Japan Inc, Stratus Technologies Japan
Inc, Kokuyo Engineering, other
Payment record: No Complaints
Location: Business area in
Tokyo. Office premises at the caption
address are owned and maintained satisfactorily.
Bank References:
MUFG
(Ginza)
Resona
Bank (Toranomon)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/03/2012 |
31/03/2011 |
31/03/2010 |
31/03/2009 |
|
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Annual
Sales |
|
3,150 |
3,083 |
3,006 |
3,775 |
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Recur.
Profit |
|
30 |
29 |
21 |
171 |
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Net
Profit |
|
3 |
2 |
-16 |
60 |
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Total
Assets |
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|
3,550 |
3,746 |
3,775 |
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Current
Assets |
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|
1,601 |
1,721 |
1,858 |
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Current
Liabs |
|
|
945 |
941 |
1,227 |
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Net
Worth |
|
|
1,945 |
1,983 |
2,027 |
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Capital,
Paid-Up |
|
|
120 |
120 |
120 |
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Div.P.Share(¥) |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
2.17 |
2.56 |
-20.37 |
0.21 |
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Current Ratio |
|
.. |
169.42 |
182.89 |
151.43 |
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N.Worth Ratio |
.. |
54.79 |
52.94 |
53.70 |
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R.Profit/Sales |
|
0.95 |
0.94 |
0.70 |
4.53 |
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N.Profit/Sales |
0.10 |
0.06 |
-0.53 |
1.59 |
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|
Return On Equity |
.. |
0.10 |
-0.81 |
2.96 |
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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.53.64 |
|
UK Pound |
1 |
Rs.86.42 |
|
Euro |
1 |
Rs.69.29 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
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 |
|
<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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.