MIRA INFORM REPORT

 

 

Report Date :

05.06.2013

 

IDENTIFICATION DETAILS

 

Name :

TOSHIBA HOME APPLIANCES CORPORATION

 

 

Registered Office :

Toshiba Shoheizaka Bldg, 2-2-15 Sotokanda Chiyodaku Tokyo 101-0021

 

 

Country :

Japan

 

 

Financials (as on) :

31.03.2013

 

 

Date of Incorporation :

April 1991

 

 

Com. Reg. No.:

0100-01-116880 (Tokyo-Chiyodaku)

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Manufacturer of household electric appliances

 

 

No. of Employees :

705

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

 

Company name          TOSHIBA HOME APPLIANCES CORPORATION

 

REGD NAME:                Toshiba Home Appliance KK

 

MAIN OFFICE:              Toshiba Shoheizaka Bldg, 2-2-15 Sotokanda Chiyodaku Tokyo 101-0021 JAPAN

Tel: 03-3257-6174     

Fax: 03-3257-6061

 

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

E-Mail address:                        (thru the URL)

 

ACTIVITIES:                 Mfg of household electric appliances

 

BRANCHES:                 Fuji

 

FACTORIES:                 Seto (Aichi-Pref)

 

OFFICERS:                   TOSHIRO ISHIWATARI, PRES               Takeshi Yano, dir

                                    Mitsuru Kawai, dir                                  Koichi Yasutake, dir      

                                    Atsushi Nagasawa, dir                            Yasumasa Masuyama dir

           

           

Yen Amount:                 In million Yen, unless otherwise stated

 

SUMMARY:                   FINANCES        FAIR                             A/SALES          Yen 148,847 M

                                    PAYMENTS      Slow but Correct   CAPITAL           Yen 13,500 M

                                    TREND             SLOW                          WORTH            Yen (-) 14,798 M

                                    STARTED         1991                             EMPLOYES      705

 

COMMENT:                  MFR OF HOUSEHOLD ELECTRIC APPLIANCES.

FINANCIAL SITUATION CONSIDERED FAIRFAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

                       

                       

HIGHLIGHTS:

The subject company was established on the basis of a division separated from Toshiba Corp.  This is a specialized mfr of household electric appliances: refrigerators, washing machines, air-conditioners, PC’s, TV’s, semiconductors, batteries, other.  Goods are distributed and exported thru Toshiba Consumer Marketing Corp.

 

FINANCIAL INFORMATION:

The sales volume for Mar/2012 fiscal term amounted to Yen 148,847 million, a 10% down from Yen 165,626 million in the previous term.  The Great East Earthquake and Thai floods affected the sales negatively.  The operations continued in the red to post Yen 5,256 million recurring loss and Yen 4,793 million net losses, respectively, compared with Yen 575 million recurring loss and Yen 418 net losses, respectively, a year ago

 

For the term that ended Mar 2013 the operations were projected to come back to profitability but still limited to a minimum amount post-taxes, on a 3% rise in turnover, to Yen 153,000 million.  Final results are yet to be released.

 

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

 

REGISTRATION

 

Date Registered:  Apr 1991

Regd No.:         0100-01-116880 (Tokyo-Chiyodaku)

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:        684,120 shares

Issued:                171,030 shares

Sum:                   Yen 13,500 million

 

Major shareholders (%): Toshiba Consumer Electronics Holdings Inc* (100)

*.. Holding company of the group firms

 

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

 

 

OPERATION:

 

Activities: Manufactures household electric appliances: PC’s TV’s, recorders, refrigerators, washing machines, vacuum cleaners, batteries, cookers, dryers, ranges, other (--100%)

 

Clients: [Mfrs, wholesalers] Toshiba Consumer Marketing Corp, other

No. of accounts: 1 (direct)

Domestic areas of activities: Nationwide

 

Suppliers: [Mfrs, wholesalers] Toshiba Corp, Toshiba Home Techno, Toshiba Carrier Thailand, other

 

Payment record: Slow but Correct 

 

Location: Business area in Tokyo.  Office premises at the caption address are owned by the Toshiba Corp and maintained satisfactorily.

 

Bank References:

SMBC (Tokyo)

MUFG (Tokyo)

Relations: Satisfactory

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FINANCES

(In Million Yen)

 

       Terms Ending:

31/03/2013

31/03/2012

31/03/2011

31/03/2010

Annual Sales

　

153,000

148,847

165,626

124,859

Recur. Profit

　

0

-5,256

-575

-8,912

Net Profit

　

0

-4,793

-418

-9,075

Total Assets

　

　

51,666

62,052

59,017

Current Assets

　

　

31,552

41,892

35,138

Current Liabs

　

　

51,321

56,812

52,814

Net Worth

　

　

-14,798

-10,005

-9,589

Capital, Paid-Up

　

　

13,500

13,500

13,500

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

2.79

-10.13

32.65

-6.45

    Current Ratio

 

..

61.48

73.74

66.53

    N.Worth Ratio

..

-28.64

-16.12

-16.25

    R.Profit/Sales

 

0.00

-3.53

-0.35

-7.14

    N.Profit/Sales

0.00

-3.22

-0.25

-7.27

 

Notes: Forecast (or estimated) figures for the 31/03/2013 fiscal term.

 

 

 

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.