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Report Date : |
26.06.2013 |
IDENTIFICATION DETAILS
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Name : |
TOKI TRADING LTD |
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Registered Office : |
5-3-8 Yayoigaoka Sanda City Hyogo-Pref
669-1546 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2013 |
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Date of Incorporation : |
December 2002 |
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Com. Reg. No.: |
1400-01-066993 (Hyogo-Sanda) |
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Legal Form : |
Limited Company |
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Line of Business : |
Importer & wholesaler of AC adaptors, AC
cord/connectors |
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No. of Employees : |
10 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 : |
Clear |
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 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
japan ECONOMIC OVERVIEW
In the years
following World War II, government-industry cooperation, a strong work ethic,
mastery of high technology, and a comparatively small defense allocation (1% of
GDP) helped Japan develop a technologically advanced economy. Two notable
characteristics of the post-war economy were the close interlocking structures
of manufacturers, suppliers, and distributors, known as keiretsu, and the
guarantee of lifetime employment for a substantial portion of the urban labor
force. Both features are now eroding under the dual pressures of global
competition and domestic demographic change. Japan's industrial sector is
heavily dependent on imported raw materials and fuels. A small agricultural
sector is highly subsidized and protected, with crop yields among the highest
in the world. While self-sufficient in rice production, Japan imports about 60%
of its food on a caloric basis. For three decades, overall real economic growth
had been spectacular - a 10% average in the 1960s, a 5% average in the 1970s,
and a 4% average in the 1980s. Growth slowed markedly in the 1990s, averaging
just 1.7%, largely because of the after effects of inefficient investment and
an asset price bubble in the late 1980s that required a protracted period of
time for firms to reduce excess debt, capital, and labor. Modest economic
growth continued after 2000, but the economy has fallen into recession three
times since 2008. A sharp downturn in business investment and global demand for
Japan's exports in late 2008 pushed Japan into recession. Government stimulus spending
helped the economy recover in late 2009 and 2010, but the economy contracted
again in 2011 as the massive 9.0 magnitude earthquake and the ensuing tsunami
in March disrupted manufacturing. The economy has largely recovered in the two
years since the disaster, but reconstruction in the Tohoku region has been
uneven. Newly-elected Prime Minister Shinzo ABE has declared the economy his
government's top priority; he has pledged to reconsider his predecessor's plan
to permanently close nuclear power plants and is pursuing an economic
revitalization agenda of fiscal stimulus and regulatory reform and has said he
will press the Bank of Japan to loosen monetary policy. Measured on a
purchasing power parity (PPP) basis that adjusts for price differences, Japan in
2012 stood as the fourth-largest economy in the world after second-place China,
which surpassed Japan in 2001, and third-place India, which edged out Japan in
2012. The new government will continue a longstanding debate on restructuring
the economy and reining in Japan's huge government debt, which exceeds 200% of
GDP. Persistent deflation, reliance on exports to drive growth, and an aging
and shrinking population are other major long-term challenges for the economy.
|
Source : CIA |
TOKI TRADING LTD
Toki Trading KK
5-3-8 Yayoigaoka
Sanda City Hyogo-Pref 669-1546 JAPAN
Tel:
079-560-7333
Fax: 079-560-7334
*.. The is its
Branch Office
E-Mail address: info@toki-t.com
Import,
wholesale of AC adaptors, AC cord/connectors, other
Sanda (2)
SACHIKO
TAKEHIRO, PRES
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 250 M
PAYMENTS No Complaints
CAPITAL Yen 10 M
TREND UP WORTH Yen 62 M
STARTED 2002 EMPLOYES 10
TRADING FIRM SPECIALIZING IN AC ADAPTORS, OTHER.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGGEMENTS.
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
are only partially disclosed as is the case with family-based companies.
The
sales volume for Mar/2013 fiscal term amounted to Yen 250 million, a similar
amount in the previous term. The net
profit is believed posted at Yen 10 million, similarly in the previous term. Net profits are not precisely disclosed.
For the current term ending Mar 2014 the net profit is projected at Yen 11 million, on a 4% rise in turnover, to Yen 260 million.
The financial situation is considered FAIR and good for ORDINARY business engagements.
Date Registered: Dec 2002
Regd No.: 1400-01-066993 (Hyogo-Sanda)
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.
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: No Complaints
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
(In Million Yen)
|
Terms Ending: |
|
31/03/2014 |
31/03/2013 |
31/03/2012 |
31/03/2011 |
|
Annual
Sales |
|
260 |
250 |
250 |
158 |
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
|
Net
Profit |
|
11 |
10 |
10 |
8 |
|
Total
Assets |
|
|
N/A |
N/A |
N/A |
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Net
Worth |
|
|
62 |
52 |
42 |
|
Capital,
Paid-Up |
|
|
10 |
10 |
10 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
4.00 |
0.00 |
58.23 |
5.33 |
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|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
.. |
.. |
.. |
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|
N.Profit/Sales |
4.23 |
4.00 |
4.00 |
5.06 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/03/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.70 |
|
UK Pound |
1 |
Rs.92.25 |
|
Euro |
1 |
Rs.78.38 |
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 |
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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 |
|
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 |
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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.