MIRA
INFORM REPORT
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Report Date : |
29th
June 2006 |
IDENTIFICATION
DETAILS
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Name : |
TAKARA TRADING CO LTD |
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Registered Office : |
Seiyu Bldg 7F,1-12-19 Nishihonmachi Nishiku Osaka
550-0005 Japan |
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Country : |
Japan |
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Financials (as on) : |
30/06/2006
(estimate) |
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Date of Incorporation : |
Jul 2003 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importers, exporters and wholesalers
of steel products |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Regular
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Litigation : |
Clear |
NAME
TAKARA
TRADING CO LTD
REGD NAME
YK
Takara Boeki
MAIN OFFICE
Seiyu
Bldg 7F,1-12-19 Nishihonmachi Nishiku Osaka 550-0005 JAPAN
Tel:
06-4390-4135
Fax:
06-4390-4146
URL: N/A (Planning)
ACTIVITIES
Import, export, wholesale of steel products
BRANCHES
Nil
OFFICER(S)
HIROSHI MORIKAWA, PRES
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 750 M
PAYMENTS REGULAR CAPITAL Yen 3 M
TREND UP WORTH Yen 30 M
STARTED 2003 EMPLOYES 3
COMMENT
TRADING HOUSE SPECIALIZING IN STEEL PRODUCTS. FINANCIAL SITUATION CONSIDERED RATHER WEAK
BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 7 MILLION, NORMAL 30 DAYS TERMS.
HIGHLIGHTS
The subject company was established by Hiroshi Morikawa in order
to make most of his experience in the subject line of business. This is a small-sized trading house for
import and export of steel plates, sheets, wires, other steel products. Recently business is centered in China due
to robust demand there. Operations are
basically in the S/E Asian countries.
The firm will upgrade the status to Limited Company (from the present
Private Limited Company) in Jul 2006.
Financials are only partially disclosed.
The sales volume for Jun/2005 fiscal term amounted to Yen 750
million, a 3% up from Yen 730 million in the previous term. The net profit remained similar at Yen 15
million, due to rising operation and materials costs.
For the current term ending Jun 2006 the net profit is projected
at Yen 15 million, on a 7% rise in turnover, to Yen 800 million. H Morikawa says sales will likely increase
taking into the weaker Yen against foreign currencies.
The financial situation is considered RATHER WEAK but should be
good for MODERATE business engagements.
Max credit limit is estimated at Yen 7 million, on normal 30 days terms.
REGISTRATION
Date Registered: Jul
2003
Legal Status: Private Limited Company (Yugen
Kaisha)*
Regd Capital: Yen 3 million
Major shareholders (%): Hiroshi Morikawa (100)
*.. Now in process of upgrading to Limited Company (Kabushiki
Kaisha) aiming to make effective in Jul
2006.
Nothing detrimental is known as to the commercial morality of
executives.
OPERATION
Activities: Imports, exports and wholesales steel plates,
boards, sheets, wires, other steel products (--100%) Exports to China, Korea, Taiwan, India, Pakistan, other S/E
Asian countries.
(Export 70%, import 30%).
Clients: Mfrs, steel mills, other
No. of accounts: 300
Domestic areas of activities: Centered in greater-Osaka
Suppliers: [Mfrs, wholesalers] Imports from China, other.
Payment record: Regular
Location: Business area in Osaka.
Office premises at the caption address are leased and maintained
satisfactorily.
Bank References
Kansai Urban Bank (H/O)
Kinki Osaka Bank (Honmachi)
Relations: Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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30/06/2006 |
30/06/2005 |
30/06/2004 |
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Annual Sales |
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800 |
750 |
730 |
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Recur. Profit |
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.. |
.. |
.. |
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Net Profit |
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15 |
15 |
15 |
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Total Assets |
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N/A |
N/A |
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Net Worth |
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30 |
15 |
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Capital, Paid-Up |
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3 |
3 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
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S.Growth Rate |
6.67 |
2.74 |
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 |
1.88 |
2.00 |
2.05 |
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Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 30/06/2006 fiscal term.
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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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 |