MIRA
INFORM REPORT
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Report Date : |
3rd
February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
TAROX
CO LTD |
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Registered Office : |
3-1-11
Kindacho Moriguchi City Osaka-Pref 570-0011, Japan |
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Country : |
Japan |
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Financials (as on) : |
31.08.2007
(Estimated) |
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Date of Incorporation : |
September
1991 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Manufactures and imports artificial turf, horticultural
supplies, fertilizers. |
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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Maximum Credit Limit : |
Yen 89.9 Million |
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Status : |
Fair |
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Payment Behaviour : |
Usually
Correct |
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Litigation : |
Clear |
Company Name
TAROX CO
LTD
REGD NAME
Tarox KK
MAIN OFFICE
3-1-11
Kindacho Moriguchi City Osaka-Pref 570-0011 JAPAN
Tel : 06-6902-9401
Fax : 06-6905-9070
URL :
http://www.rontai.co.jp
E-Mail address :
sales@rontai.co.jp
ACTIVITIES
Mfg, import, wholesale of artificial turf, seeds & seedlings
BRANCHES
Shizuoka, Nara, Hiroshima
FACTORY(IES)
Shizuoka, Nara, Hiroshima
OFFICERS
TARO NAKAGAWA, PRES
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 1,777 M
PAYMENTS REGULAR CAPITAL Yen 30 M
TREND SLOW WORTH Yen 2,382 M
STARTED 1991 EMPLOYES 35
COMMENT
MFR OF ARTIFICIAL TURF. FINANCIAL SITUATION CONSIDERED FAIR AND
GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 89.9 MILLION, 30 DAYS NORMAL TERMS. .
HIGHLIGHTS
The subject company was established on the basis of mfg division
separated from Rontai Co Ltd, wholesaler of turfs, at the caption address. This is a trading firm with mfg division
specializing in artificial turf. Goods
are wholly shipped to the parent.
Management and operations are integrated with the parent.
FINANCIAL INFORMATION
The sales volume for Aug/2006 fiscal term amounted to Yen 1,777
million, a 3% down from Yen 1,840 million in the previous term. The net profit improved to Yen 271 million
from Yen 191 million a year ago.
For the current term ending Aug 2007 the net profit is projected
at Yen 270 million, on a 1% rise in turnover, to Yen 1,800 million.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 89.9 million, on 30 days normal terms.
REGISTRATION
Date Registered : Sept 1991
Legal Status :
Limited Company (Kabushiki Kaisha)
Authorized :
2,400 shares
Issued :
600 shares
Sum :
Yen 30 million
Major shareholders (%)
Taro Nakagawa*(98)
*.. Owns Rontai Co Ltd, at the caption address, wholesaler of
artificial turf, founded 1957, capital Yen 63 million, turnover Yen 4,500
million, employees 118, pres Taro Nakagawa, concurrently.
No. of Shareholders: 3
Nothing detrimental is known as to the commercial morality of
executives.
OPERATION
Activities: Manufactures and imports artificial turf,
horticultural supplies, fertilizers (--93%),
real estate rental (7%)
Clients
[Wholesaler] Shipped wholly to Rontai Co Ltd.
No. of accounts
1
Domestic areas of activities
Centered in greater-Osaka
Suppliers
[Chemical mfrs, wholesalers] Moriroku Co, Kaneko Seeds, Daio
Chemicals, Snow Brand Seed, Kobunshi Shoji, other.
Payment record
Regular
Location
Business area in Moriguchi City, Osaka-Pref. Office premises at the caption address are
owned and maintained satisfactorily.
Bank References
Mizuho Bank (Moriguchi)
MUFJ (Moriguchi)
Relations: Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
31/08/2007 |
31/08/2006 |
31/08/2005 |
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Annual
Sales |
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1,800
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1,777
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1,840
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Recur.
Profit |
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Net
Profit |
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270 |
271 |
191 |
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Total
Assets |
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2,781
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Current
Assets |
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1,647
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Current
Liabs |
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398 |
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Net
Worth |
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2,382
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Capital,
Paid-Up |
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30 |
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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 |
1.29 |
-3.42
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12.40
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Current Ratio |
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413.82
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N.Worth Ratio |
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85.65
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R.Profit/Sales |
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.. |
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N.Profit/Sales |
15.00
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15.25
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10.38
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Return On Equity |
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11.38
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.. |
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Note: Forecast (or
estimated) for the 31/08/2007 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 |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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