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Report No. : |
311611 |
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Report Date : |
16.03.2015 |
IDENTIFICATION DETAILS
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Name : |
TOSHIN KOGYO CO LTD |
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Registered Office : |
2777 Shiokawa Ueda City Nagano-Pref 386-0401 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
June, 1950 |
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Com. Reg. No.: |
0100-01-024420 (Tokyo-Chiyodaku) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Manufacturer of Aluminum Electrolytic Capacitors, Plastic Film Capacitors, LCD Modules. |
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No. of Employees : |
13 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
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High |
B2 |
|
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. 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 |
TOSHIN KOGYO CO LTD
REGD NAME: Toshin
Kogyo KK
MAIN OFFICE: 2777
Shiokawa Ueda City Nagano-Pref 386-0401 JAPAN
Tel: 0268-35-0410 Fax: 0268-35-0410
*.. Registered at: 2-15-4 Uchikanda Chiyodaku Tokyo
URL: http://www.toshinkk.co.jp
E-Mail address: (Thru the urn)
Mfg of aluminum electrolytic
capacitors, plastic film capacitors, LCD modules
Niigata
Hong Kong, Taiwan,
Korea, China (3)
Maruko (Nagano),
China (2)
KENJI KASAHARA,
PRES Katsumi Aoyama, dir
Daisuke Yoda, dir Kohei Kasahara, dir
Kazumasa Kasahara,
dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES SLOW A/SALES Yen 1,600 M
PAYMENTSSLOW BUT
CORRECT CAPITAL Yen 67 M
TREND SLOW WORTH UNAVAILABLE
STARTED 1950 EMPLOYES 13
MFR OF ALUMINUM ELECTROLYTIC CAPACITORS.
FINANCIAL SITUATION CONSIDERED SLOW BUT GOOD
FOR ORDINARY CREDIT ENGAGEMENTS.
The subject
company was established by Hiroshi Kasahara in order to make most of his
experience in the subject line of business. Kenji is his son, who took the pres
office in Mar 2002. This is a specialized mfr of aluminum electrolytic
capacitors, plastic film capacitors, LCD modules, other. Has two factories in
China. Clients include major electronic
makers, wholesalers, other, nationwide.
Financials are only partially disclosed.
The sales volume for December 2013 fiscal term amounted to Yen 1,600
million, a 3% up from Yen 1,553 million in the previous term. The net profit amounted at Yen 130 million
and it maintains 2012 level.
For the current term ending March 2015, the net profit at Yen 130
million is estimated based on the flat level turnover, Yen 1,600 million. Final
results are yet to be released.
The financial situation is considered maintained SLOW but good for
ORDINARY business engagements.
Date Registered: Jun
1950
Regd No.:
0100-01-024420
(Tokyo-Chiyodaku)
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 5.3
million shares
Issued: 1,341,200
shares
Sum: Yen
67.06 million
Major
shareholders (%): Tsukasa (17),
Hiroshi Kasahara (12), Yoshiaki Kasahara (7),
Takeshi Kasahara (5), Keita Kasahara (4)
No. of shareholders: 61
Nothing detrimental
is known as to the commercial morality of executives.
Activities: Manufactures
aluminum electrolytic capacitors, plastic film capacitors, LCD modules (color
segment, black segment, memory LCD, LCD with touch panels), accessories, others
Clients: [Mfrs,
wholesalers] Panasonic Corp, Panasonic System Communications, Pioneer, SQ Corp,
other
No. of accounts:
Unavailable
Domestic areas of
activities: nationwide
Suppliers: [Mfrs,
wholesalers] Toyama Pure Chemical Ind, ENW, TOPSHIN, Kawatake Electronics,
other
Payment record: Slow but Correct
Location: Business area in
Ueda City, Nagano-Pref. Office premises
at the caption address are owned and maintained satisfactorily.
Bank References:
Hachijuni Bank (Ueda)
Shoko Chukin Bank (Nagano)
Relations: Satisfactory
(In Million Yen)
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Terms Ending: |
|
31/12/2014 |
31/12/2013 |
31/12/2012 |
31/12/2011 |
|
Annual
Sales |
|
1,600 |
1,600 |
1,553 |
2,355 |
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Recur.
Profit |
|
.. |
.. |
.. |
.. |
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Net
Profit |
|
130 |
130 |
470 |
8,000 |
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Total
Assets |
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Net
Worth |
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Capital,
Paid-Up |
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Div.P.Share(¥) |
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0.00 |
0.00 |
0.00 |
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<Analytical Data> |
|
(%) |
(%) |
(%) |
(%) |
|
S.Growth Rate |
|
0.00 |
3.03 |
-34.06 |
#DIV/0! |
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Current Ratio |
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|
.. |
.. |
.. |
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N.Worth Ratio |
|
|
.. |
.. |
.. |
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N.Profit/Sales |
|
8.13 |
8.13 |
30.26 |
339.70 |
Notes: Financials are only partially disclosed.
Forecast (or estimated)
figures for the 31/12/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.67 |
|
|
1 |
Rs.93.16 |
|
Euro |
1 |
Rs.66.42 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
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Report Prepared
by : |
NIT |
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.