|
Report Date : |
18.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
TEIBOW CO LTD |
|
|
|
|
Registered Office : |
1-2-1 Mukojuku Nakaku Hamamatsu Shizuoka-Pref 430-0851 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
30.09.2013 |
|
|
|
|
Date of Incorporation : |
July 2010 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Manufactures marker pen nibs (felt, synthetic fiber,
plastic) and metal injection molding |
|
|
|
|
No. of Employees : |
400 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No complaints |
|
|
|
|
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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 |
TEIBOW CO LTD
REGD NAME: Teibow
KK
MAIN OFFICE: 1-2-1
Mukojuku Nakaku Hamamatsu Shizuoka-Pref 430-0851 JAPAN
Tel:
053-461-3191 Fax: 053-464-6810
E-Mail
address: info@teibow.co.jp
Mfg of
marker pen nibs, metal injection molding
Tokyo,
Hamamatsu
Shanghai
At the
caption address
KENJI
TAKAHARA, PRES Hirohisa Otsu, mgn
dir
Ryuji
Nakamura, dir Tomohiro
Nakano, dir
Mikihito
Ohtomo, dir Kiyoto
Koyama, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 7,300 M
PAYMENTS No
Complaints CAPITAL Yen 50 M
TREND UP WORTH Yen 7,408 M
STARTED 2010 EMPLOYES 400
MFR OF MARKER PEN NIBS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject
company was established as Rudbeckia KK and in Aug 2010 made a former Teibow Co
Ltd as its subsidiary, followed by merging the firm in Oct 2011, and renamed as
captioned. This is a specialized mfr of
marker pen nibs & metal injection molding, other. Clients include pencil makers, stationery
makers, other, nationwide.
The sales
volume for Sept/2012 fiscal term amounted to Yen 7,300 million, a 5% up from
Yen 6,948 million in the previous term.
The net profit was posted at Yen 1,726 million, compared with Yen 126
million net losses a year ago.
For the
current term ending Sept 2013 the net profit is projected at Yen 1,800 million,
on a 4% rise in turnover, to Yen 7,600 million.
The
financial situation is considered FAIR and good for ORDINARY business
engagements. Max credit limit is
estimated at Yen 191.6 million, on 30 days normal terms.
Date Registered: Jul 2010
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
4,000 shares
Issued: 1,000 shares
Sum: Yen 50 million
Major shareholders (%): Wise Partners, Development Bank
of Japan (breakdown unavailable)
No. of shareholders: 2
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures marker pen nibs (felt, synthetic
fiber, plastic) and metal injection molding (--100%).
Clients: [Mfrs, wholesalers] Shachihata Co,
Pilot Ink, Mitsubishi Pencil, Nakabishi Trading, Zebra Co, Seiko Seisakusho,
Kuretake Co, Tombow Pencil Co, Sakura Color Products Corp, other
No. of
accounts: 300
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Mitsui & Co,
Kuraray Trading, SC Machinery & Service, Taiyo Inter Co, OG Corp, Sankyo
Kasei Corp, other
Payment record: Regular
Location:
Business area in Hamamatsu City, Shizuoka-Pref.
Office premises at the caption address are owned and maintained
satisfactorily.
Bank References:
MUFG
(Hamamatsu)
Mizuho
Bank (Hamamatsu)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
30/09/2013 |
30/09/2012 |
30/09/2011 |
|
|
Annual
Sales |
|
7,600 |
7,300 |
6,948 |
|
Recur.
Profit |
|
|
|
|
|
Net
Profit |
|
1,800 |
1,726 |
-126 |
|
Total
Assets |
|
|
17,141 |
14,153 |
|
Current
Assets |
|
|
4,313 |
2,282 |
|
Current
Liabs |
|
|
1,573 |
990 |
|
Net
Worth |
|
|
7,408 |
5,681 |
|
Capital,
Paid-Up |
|
|
50 |
301 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
4.11 |
5.07 |
- - -.. |
|
|
Current Ratio |
|
.. |
274.19 |
230.51 |
|
N.Worth Ratio |
.. |
43.22 |
40.14 |
|
|
R.Profit/Sales |
|
.. |
.. |
.. |
|
N.Profit/Sales |
23.68 |
23.64 |
-1.81 |
|
|
Return On Equity |
.. |
23.30 |
-2.22 |
|
Notes:
The 30/09/2011 fiscal term is the initial accounting term.
Forecast
(or estimated) figures for the 30/09/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.37 |
|
|
1 |
Rs.100.85 |
|
Euro |
1 |
Rs.84.59 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.