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Report Date : |
29.05.2014 |
IDENTIFICATION DETAILS
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Name : |
TID LIMITED |
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Registered Office : |
TID Bldg, 12-19 Nihombashi-Ohdenmacho Chuoku Tokyo 103-0011 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2014 |
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Date of Incorporation : |
April 1956 |
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Com. Reg. No.: |
0100-01-050832 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, export, wholesale of
information & telecommunication systems |
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No. of Employees |
216 |
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
|
Very High Risk |
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.
Prime Minister Shinzo ABE has declared the economy his government's top
priority; he has overturned his predecessor's plan to permanently close nuclear
power plants and is pursuing an economic revitalization agenda of fiscal
stimulus, monetary easing, and structural reform. Japan joined the Trans
Pacific Partnership negotiations in 2013, a pact that would open Japan's
economy to increased foreign competition and create new export opportunities
for Japanese businesses. Measured on a purchasing power parity (PPP) basis that
adjusts for price differences, Japan in 2013 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 is exceeding 230% of GDP. To help raise
government revenue and reduce public debt, Japan decided in 2013 to gradually
increase the consumption tax to a total of 10% by the year 2015. Japan is
making progress on ending deflation due to a weaker yen and higher energy
costs, but reliance on exports to drive growth and an aging, shrinking
population pose other major long-term challenges for the economy
|
Source
: CIA |
TID LIMITED
REGD NAME: KK
T I D
MAIN OFFICE: TID Bldg,
12-19 Nihombashi-Ohdenmacho Chuoku Tokyo 103-0011 JAPAN
Tel:
03-5623-5200 Fax: 03-5623-5201
E-Mail
address: info@tid.co.jp
Import,
export, wholesale of information & telecommunication systems
Osaka,
Nagoya, Fukuoka, Narita Airport, Kansai International Airport
(subcontracted)
TAKESHI
TAKEUCHI, PRES Haruo Hayashi, ch
Ken
Sugiura, dir Tamotsu
Nagahara, dir
Yoshiteru
Yamamoto, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 3,413 M
PAYMENTSNo complaints CAPITAL Yen 120 M
TREND UP WORTH Yen 1,891 M
STARTED 1956 EMPLOYES 216
TRADING FIRM SPECIALIZING IN INFORMATION/TELECOMMUNICATION
SYSTEMS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The
subject company was established originally by D L Filler of Aeronautical Radio Inc,
as Ground Communication Service Center.
By taking over all businesses from D L Pillar, Toyo Insatsu Denshinki Co
Ltd was established. In Apr 1988,
renamed as captioned. This is a trading
firm specializing in import, export and wholesale of information &
telecommunication systems, OA equipment, other.
Handles computer & network system devices, too. Has two centers at airports: Narita Airport
and Kansai International Airport.
Clients include major electronics mfrs, telecommunications, financial institutions,
airlines, other, nationwide.
The sales
volume for Mar/2013 fiscal term amounted to Yen 3,413 million, a 20% up from
Yen 2,855 million in the previous term.
Demand increased from major financial institutions and information
industry. The recurring profit was
posted at Yen99 million and the net profit at Yen 81 million, respectively,
compared with Yen 113 million recurring profit and Yen 120 million net losses,
respectively, a year ago.
For
the term that ended Mar 2014 the recurring profit was projected at Yen 110
million and the net profit at Yen 100 million, respectively, on a 5% rise in
turnover, to Yen 3,580 million. Final
results are yet to be released. . .
The
financial situation is considered FAIR and good for ORDINARY business
engagements.
Date Registered: Apr 1956
Regd No.: 0100-01-050832 (Tokyo-Chuoku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
640,000 shares
Issued:
240,000 shares
Sum: Yen 120 million
Major shareholders (%): Haruo Hayashi (21), Akiko
Hayashi (8), Natsuyo Imaizumi (8), Takeshi Takeuchi (3), Katsuhiko Irisawa (3)
No. of shareholders: 107
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports, exports and wholesales
information & telecommunications systems, computer & network system
devices, OA equipment, other (--100%).
Clients: [Electronics mfrs, wholesalers] Itochu
Techno Solutions, Chubu Telecommunications, Oracle Information Systems Japan,
Sun Microsystems, NTT East Corp, NTT West Corp, Mitsubishi Corp, Sumitomo Corp,
Cathay Pacific Airways, Showa Shell Sekiyu, Toyo Electron Ltd, Fujitsu
Technology Solutions, IBM Japan, Ricoh Co, Fujitsu Technology Solutions, TBS,
Chubu Telecommunication, other
No. of
accounts: 500
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Daiwabo
Information Systems, Hewlett Packard Japan, Soft Bank BB, MT Field Service,
Dell, Otsuka Shokai, Raritan Japan Inc, Stratus Technologies Japan Inc, Kokuyo
Engineering, other
Payment record: No complaints
Location:
Business area in Tokyo.
Office premises at the caption address are owned and maintained
satisfactorily.
Bank References:
MUFG
(Ginza)
Resona
Bank (Toranomon)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/03/2014 |
31/03/2013 |
31/03/2012 |
31/03/2011 |
|
|
Annual
Sales |
|
3,580 |
3,413 |
2,855 |
3,083 |
|
Recur.
Profit |
|
110 |
99 |
113 |
29 |
|
Net
Profit |
|
100 |
81 |
-120 |
2 |
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Total
Assets |
|
|
3,532 |
3,566 |
3,550 |
|
Current
Assets |
|
|
1,666 |
1,665 |
1,601 |
|
Current
Liabs |
|
|
971 |
974 |
945 |
|
Net
Worth |
|
|
1,891 |
1,808 |
1,945 |
|
Capital,
Paid-Up |
|
|
120 |
120 |
120 |
|
Div.Ttl
in Million (¥) |
|
|
12 |
23 |
18 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
4.89 |
19.54 |
-7.40 |
2.56 |
|
|
Current Ratio |
|
.. |
171.58 |
170.94 |
169.42 |
|
N.Worth Ratio |
.. |
53.54 |
50.70 |
54.79 |
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R.Profit/Sales |
|
3.07 |
2.90 |
3.96 |
0.94 |
|
N.Profit/Sales |
2.79 |
2.37 |
-4.20 |
0.06 |
|
|
Return On Equity |
.. |
4.28 |
-6.64 |
0.10 |
|
Notes:
Forecast (or estimated) figures for the 31/03/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.07 |
|
|
1 |
Rs.99.20 |
|
Euro |
1 |
Rs.80.53 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
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|
Report Prepared
by : |
PDT |
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 |
-- |
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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.