|
Report No. : |
350123 |
|
Report Date : |
16.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
TOKO COMPANY LTD |
|
|
|
|
Registered Office : |
Toko Bldg 6F, 1-8-10 Nihombashi-Muromachi Chuoku Tokyo 103-0022 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
Sept., 1988 |
|
|
|
|
Com. Reg. No.: |
0100-01-051712 (Tokyo-Chuoku) |
|
|
|
|
Legal Form : |
Limited Company (Kabushiki Kaisha) |
|
|
|
|
Line of Business : |
Real Estate & Office Building Management, Collection of Shipping
Cargoes, Other. |
|
|
|
|
No. of Employees : |
4 |
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 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 an
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. Scarce in many
natural resources, Japan has long been dependent on imported raw materials.
Since the complete shutdown of Japan’s nuclear reactors after the earthquake
and tsunami disaster in 2011, Japan's industrial sector has become even more
dependent than it was previously on imported fossil 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 impressive - 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 aftereffects 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 four times since 2008.
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 of that year disrupted
manufacturing. The economy has largely recovered in the four years since the
disaster, although reconstruction in the affected Tohoku region has lagged, in
part due to a shortage of labor in the construction sector. Japan enjoyed a
sharp uptick in growth in 2013 on the basis of Prime Minister Shinzo Abe’s
“Three Arrows” economic revitalization agenda - dubbed “Abenomics” - of
monetary easing, “flexible” fiscal policy, and structural reform. Abe’s
government has replaced the preceding administration’s plan to phase out
nuclear power with a new policy of seeking to restart nuclear power plants that
meet strict new safety standards, and emphasizing nuclear energy’s importance
as a base-load electricity source. Japan joined the Trans-Pacific Partnership
(TPP) 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 2014 stood as the fourth-largest economy in the
world after first-place China, which surpassed Japan in 2001, and third-place
India, which edged out Japan in 2012. While seeking to stimulate and reform the
economy, the government must also devise a strategy for reining in Japan's huge
government debt, which amounts to more than 230% of GDP. To help raise
government revenue, Japan adopted legislation in 2012 to gradually raise the
consumption tax rate to 10% by 2015, beginning with a hike from 5% to 8%
implemented in April 2014. That increase had a contractionary effect on GDP,
however, so PM Abe in late 2014 decided to postpone the final phase of the
increase until April 2017 to give the economy more time to recover. Led by the
Bank of Japan’s aggressive monetary easing, Japan is making progress in ending
deflation, but demographics - low birthrate and an aging, shrinking population
- pose major long-term challenges for the economy.
|
Source
: CIA |
TOKO COMPANY LTD
REGD NAME: KK
Toko Yoko
MAIN OFFICE: Toko
Bldg 6F, 1-8-10 Nihombashi-Muromachi Chuoku Tokyo 103-0022 JAPAN
Tel: 03-3271-6681 Fax: 03-3274-3426
URL: http://www.tokoline.co.jp
E-Mail address: (thru the URL)
Real estate &
office building management, collection of shipping cargoes, other
Kobe (the parent,
Toko Kaiun Kaisha Ltd)
DAISUKE IDAKA,
PRES
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 200 M
PAYMENTSNO COMPLAINTS CAPITAL Yen 21 M
TREND STEADY WORTH Yen
752 M
STARTED 1988 EMPLOYES 4
REAL ESTATE MANAGEMENT, COLLECTION OF
SHIPPING CARGOES, ETC.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS
ENGAGEMENTS.
The subject
company is a real estate & office buildings management, a Toko Group
firm. It is also engaged in collection
of shipping cargoes for the group firm, Toko Liner Service Co Ltd (See REGISTRATION).
Financials are
disclosed only partially.
The sales volume
for Dec/2014 fiscal term amounted to Yen 200 million, a similar amount in the previous
term. The net profit market time at Yen 55 million, a steady and unchanged from
previously.
For the current
term ending Dec 2015 the net profit is projected at Yen 60 million, on a 5%
rise in turnover, to 210 million. The
weaker Yen may contribute to raise earnings for export cargo collection in Yen
terms. Final results are yet to be
released.
The financial
situation is considered FAIR and good for ORDINARY business engagements.
Date
Registered: Sept 1988
Regd
No.: 0100-01-051712 (Tokyo-Chuoku)
Legal
Status: Limited Company (Kabushiki Kaisha)
Authorized:
168,000 shares
Issued:
42,000 shares
Sum:
Yen 21 million
Major shareholders (%): Toko Liner Service Co Ltd* (95), Toko Kaiun
Kaisha Ltd (5)
No. of shareholders: 2
*.. Shipping Company of liner operations, Tokyo, founded 1988, capital Yen 20 million, sales Yen 220 million, net profit Yen 2 million, net worth Yen 56 million, employees 9, pres Eisuke Idaka
Nothing detrimental
is known as to the commercial morality of executives.
Activities: Real estate
& office building management, rental, collection of shipping cargoes, other
(--100%)
Clients: [Mfrs,
wholesalers] Toko Liner Service, Toko Kaiun Kaisha, other
No. of accounts: 2 (for distribution)
Domestic areas of activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Ado-Hoc Tatemono, Toko Kaiun Kaisha Ltd, other
Payment
record: No Complaints
Location: Business area in Tokyo. Office premises at the caption address are
owned by the parent, Toko Kaiun Kaisha Ltd, and maintained satisfactory.
Bank
References:
SMBC
(Kobe)
MUFG
(Ohdenmacho)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
|
31/12/2015 |
31/12/2014 |
31/12/2013 |
31/12/2012 |
|
Annual
Sales |
|
210 |
200 |
200 |
200 |
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
|
Net
Profit |
|
60 |
55 |
55 |
50 |
|
Total
Assets |
|
|
N/A |
N/A |
N/A |
|
Net
Worth |
|
|
752 |
714 |
676 |
|
Capital,
Paid-Up |
|
|
21 |
21 |
21 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
|
(%) |
(%) |
(%) |
(%) |
|
S.Growth Rate |
|
5.00 |
0.00 |
0.00 |
-20.00 |
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
|
.. |
.. |
.. |
|
N.Profit/Sales |
|
28.57 |
27.50 |
27.50 |
25.00 |
Notes: Financials are only partially disclosed.
Forecast (or
estimated) figures for the 31/12/2015 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.14 |
|
|
1 |
Rs.100.55 |
|
Euro |
1 |
Rs.71.26 |
INFORMATION DETAILS
|
Analysis Done by
: |
HEE |
|
|
|
|
Report Prepared
by : |
NIT |
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.