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Report Date : |
12.03.2013 |
IDENTIFICATION DETAILS
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Name : |
TOPPAN COSMO INC |
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Registered Office : |
Toppan Shibaura Bldg,
3-19-26 Shibaura Minatoku Tokyo 108-0023 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
January 1961 |
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Com. Reg. No.: |
0104-01-033901
(Tokyo-Minatoku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Wholesaler of
housing kits, ceiling plywood, flooring, decorative sheet |
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No. of Employees : |
489 |
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 : |
Good |
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Payment Behaviour : |
Regular |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
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 |
TOPPAN COSMO INC
KK Toppan Cosmo
Toppan Shibaura
Bldg, 3-19-26 Shibaura Minatoku Tokyo 108-0023 JAPAN
Tel:
03-5418-3700
Fax: 03-5418-3704
URL: http://www.toppan-cosmo.jmjp
E-Mail address: info-forest@toppan-cosmo.imjp
Wholesale
of housing kits, ceiling plywood, flooring, decorative sheet
Nagoya,
Osaka, Sendai, Fukuoka, Sapporo, Toyama (Tot 14)
Fukuoka
YOSHIYUKI
ISHIDA, PRES Toshiaki Sugimura,
s/mgn dir
Yuzo
Shoji, s/mgn dir Kenji
Katsurata, mgn dir
Naoki
Adachi, dir Hideo
Yoshikawa, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 77,520 M
PAYMENTS REGULAR CAPITAL Yen
3,000 M
TREND UP WORTH Yen 15,908 M
STARTED 1963 EMPLOYES 489
WHOLESALER SPECIALIZING BUILDING MATERIALS, OWNED BY TOPPAN
PRINTING.
FINANCIAL SITUATION
CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company
was established on the basis of a trading division separated from Toppan
Printing Co Lt (See REGISTRATION). This is a trading firm specializing in import,
export and wholesale of building materials, flooring, ceiling plywood,
other.
The sales volume for
Mar/2012 fiscal term amounted to Yen 77,520 million, a 10% up from Yen
70,158million in the previous term. The
firm streamlined the operations to focus on really profitable businesses,
withdrawing from unprofitable operations.
As a result the operations came back to profitability to post Yen 547
million recurring profit and Yen 757 million net profit, respectively, compared
with Yen 929 million recurring loss and Yen 1,127 million net losses,
respectively, a year ago.
For the current term
ending Mar 2013 the recurring profit is projected at Yen 560 million and the
net profit at Yen 770 million, respectively, on a 3% rise in turnover, to Yen
80,000 million.
The financial
situation is considered FAIR and good for ORDINARY business engagements.
Date Registered: Jan 1961
Regd No.: 0104-01-033901
(Tokyo-Minatoku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized:
24 million shares
Issued:
6 million shares
Sum: Yen 3,000 million
Major shareholders (%): Toppan Printing Co Ltd* (100)
*.. One of two largest printing
companies, known for steady management, founded 1908, Listed Tokyo S/E, capital Yen 104,986
million, sales Yen 1,510,414 million, operating profit Yen 31,555 million,
recurring profit Yen 30,850 million, net profit Yen 3,068 million, total assets
Yen 1,528,966 million, net worth Yen 724,986 million, employees 50,489, pres
Shingo Kaneko
Nothing detrimental
is known as to the commercial morality of executives.
Activities: Wholesales building/construction materials (80.1%),
development-related materials (19.9%)
Clients: [Mfrs, wholesalers] Toppan Printing, Toppan Int’l America, LIXIL,
Toppan NEC Circuit Solutions, Aica Kogyo Co, Ibiken Wood Tech, Daio Paper Corp,
Daiken Ind, Toppan NEC Circuit Solutions, other
No. of accounts: 500
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs, wholesalers] Aica Kogyo Co, Toppan Printing, Toppan Kenso
Products, Panasonic Electric Works, other
Payment record: Regular
Location: Business area in Tokyo. Office
premises at the caption address are owned by the parent, Toppan Printing Co,
and maintained satisfactorily.
Bank References:
MUFG (Tamachi)
SMBC (Nihombashi)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/03/2013 |
31/03/2012 |
31/03/2011 |
31/03/2010 |
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Annual
Sales |
|
80,000 |
77,520 |
70,158 |
67,501 |
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Recur.
Profit |
|
560 |
547 |
-929 |
-1,625 |
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Net
Profit |
|
770 |
757 |
-1,127 |
-2,401 |
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Total
Assets |
|
|
39,045 |
34,187 |
33,807 |
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Current
Assets |
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|
32,282 |
27,318 |
26,357 |
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Current
Liabs |
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21,869 |
17,794 |
16,283 |
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Net
Worth |
|
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15,908 |
15,080 |
16,153 |
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Capital,
Paid-Up |
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|
3,000 |
3,000 |
3,000 |
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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 |
3.20 |
10.49 |
3.94 |
-17.84 |
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Current Ratio |
|
.. |
147.62 |
153.52 |
161.87 |
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N.Worth Ratio |
.. |
40.74 |
44.11 |
47.78 |
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R.Profit/Sales |
|
0.70 |
0.71 |
-1.32 |
-2.41 |
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N.Profit/Sales |
0.96 |
0.98 |
-1.61 |
-3.56 |
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|
Return On Equity |
.. |
4.76 |
-7.47 |
-14.86 |
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Notes:
Forecast (or estimated) figures for the 31/03/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.29 |
|
UK Pound |
1 |
Rs.81.09 |
|
Euro |
1 |
Rs.70.61 |
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 |
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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 |
---- |
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.