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Report Date : |
25.02.2014 |
IDENTIFICATION DETAILS
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Name : |
TSUJIDEN CO LTD – 255649 |
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Registered Office : |
4-8-3 Takaido-Higashi Suginamiku Tokyo 168-0002 |
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Country : |
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Financials (as on) : |
30.11.2013 |
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Date of Incorporation : |
February 1971 |
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Com. Reg. No.: |
0113-01-004449 (Tokyo-Suginamiku) |
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Legal Form : |
Limited Company |
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Line of Business : |
manufacturer of liquid crystal, optical films & LED films. |
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No. of Employees |
274 |
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 : |
Slow but Correct |
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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 – december 01, 2013
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Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
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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 |
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.
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Source : CIA |
TSUJIDEN CO LTD
KK Tsujiden
4-8-3
Takaido-Higashi Suginamiku Tokyo 168-0002 JAPAN
Tel:
03-3335-1511
Fax: 03-3335-3357
URL: http://www.tsujiden.co.jp
E-Mail address: (thru the URL)
Mfg of
liquid crystal, optical films & LED films
Nagasaki
Fujimi
(Saitama), Nagasaki
TAKENORI
OONISHI, PRES Takenobu
Tsujimoto, ch
Takeyasu
Tsujimoto, dir Takako
Wada, dir
Koichiro
Wada, dir Satoru
Ogawa, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 12,000 M
PAYMENTS Slow
but Correct CAPITAL Yen
30 M
TREND STEADY WORTH Yen 1,435 M
STARTED 1971 EMPLOYES 274
MFR OF LED FILMS, LIQUID CRYSTAL, OTHER.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established by Takenobu Tsujimoto in order to make the most of his experience in the subject line of business. Takenori Oonishi took the pres office in Dec 2002, This is a specialized mfr of liquid crystal, optical films & LED films. Goods are exported to LCD makers in Korea, Taiwan, China other
Financials are only partially disclosed and in uniform figures of Yen
12,000 million. Profits are not
disclosed and only estimated.
The sales volume for Nov/2012 fiscal term amounted to Yen 12,000
million, a similar amount in the previous term.
The net profit is estimated posted at Yen 50 million, similarly in the
previous term.
For the term that ended Nov 2013 the net profit was projected at Yen 50
million, on a similar turnover, at Yen 12,000 million. Final results are yet to be released.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
Date Registered: Feb 1971
Regd No.: 0113-01-004449 (Tokyo-Suginamiku)
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized:
240,000 shares
Issued:
60,000 shares
Sum: Yen 30 million
Major shareholders (%): Takenori Oonishi, Takenobu
Tsujimoto, Takeyasu Tsujimoto, other (Breakdown not disclosed)
No. of shareholders: 7
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures
liquid crystal products, optical films, LED films, other devices (--100%)
Clients: [Mfrs,
wholesalers] Omron Corp, Japan Display, Kyocera Corp, Epson Imaging Device,
Sharp, Sony EMCS, other
Exports to Taiwan, Korea, China, other
No. of accounts: 300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Tokyo Shokai, Natoko Co, Tochigi LLC, other
Payment record: Slow but Correct
Location: Business area in
Tokyo. Office premises at the caption
address are owned and maintained satisfactorily.
Bank
References:
MUFG (Eifukucho)
Mizuho Bank (Kitazawa)
Relations: Satisfactory
(In Million Yen)
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Terms Ending: |
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30/11/2013 |
30/11/2012 |
30/11/2011 |
30/11/2010 |
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Annual
Sales |
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12,000 |
12,000 |
12,000 |
12,000 |
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Recur.
Profit |
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.. |
.. |
.. |
.. |
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Net
Profit |
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50 |
50 |
50 |
100 |
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Total
Assets |
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N/A |
N/A |
N/A |
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Net Worth |
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1,435 |
1,385 |
1,335 |
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Capital,
Paid-Up |
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30 |
30 |
30 |
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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 |
0.00 |
0.00 |
0.00 |
0.00 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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.. |
.. |
.. |
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N.Profit/Sales |
0.42 |
0.42 |
0.42 |
0.83 |
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Notes: Financials are only partially disclosed in uniform
numbers. Profits are only estimated as not
disclosed precisely.
Forecast
(or estimated) figures for the 30/1/2013 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.62.12 |
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UK Pound |
1 |
Rs.103.38 |
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Euro |
1 |
Rs.85.32 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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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 |
-- |
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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.