MIRA
INFORM REPORT
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Report Date : |
03.10.2007 |
IDENTIFICATION DETAILS
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Name : |
TAKADA
ENTERPRISE CO LTD |
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Registered Office : |
Masaki Bldg 2F, 2-10-1 Higashiueno Taitoku |
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Country : |
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Financials (as on) : |
31.07.2007 |
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Date of Incorporation : |
Jan 1976 |
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Legal Form : |
Limited Company (Kabushiki
Kaisha) |
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Line of Business : |
Import, wholesale of rubies,
sapphires, other gemstones, jewelry products |
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
name
TAKADA ENTERPRISE
CO LTD
REGD NAME
KK Takada
MAIN OFFICE
Masaki Bldg 2F,
2-10-1 Higashiueno Taitoku
Tel : 03-3833-3980
Fax : 03-3835-1977
URL : http://www.takada-net.co.jp/
E-Mail
address: (Thru the URL)
ACTIVITIES
Import,
wholesale of rubies, sapphires, other gemstones, jewelry products
BRANCHES
OVERSEAS
Siam Gems Tech Co Ltd, Chanthaburi Purchasing Office, Aztech
Lapidary Co Ltd (--
FACTORY(IES)
(subcontracted)
OFFICERS
TOSHIO
TAKADA, PRES
Hiroyuki
Takada, dir
Hiroko
Watanabe, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 850 M
PAYMENTS REGULAR CAPITAL Yen 20 M
TREND STEADY WORTH Yen
81 M
STARTED 1976 EMPLOYES 15
COMMENT
IMPORTER AND WHOLESALER SPECIALIZING IN GEMSTONES. FINANCIAL SITUATION CONSIDERED FAIR BUT DOUBTFUL FOR CREDIT ENGAGEMENTS: US$200,000 / O/A 30 DAYS.
MAX
CREDIT LIMIT: YEN 15.3 MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company was established by Toshio Takada in order
to make most of his experience in the subject line of business. Specializes in importing and wholesaling gem
stones: rubies, sapphires, emeralds, other, including semi-precious
gemstones. Also handles jewelry
products. Operates 4 overseas
subsidiaries:
FINANCIAL
INFORMATION
Financials are only partially disclosed.
The sales volume for Jul/2006 fiscal term amounted to Yen 850 million, a similar amount in the previous term. Demand is seen steady from regular clients. Consumer spending recovered slowly. The net profit remained similar at Yen 3 million.
For the term ended Jul 2006 the net profit is believed posted at Yen 3 million, on an estimated 2% rise in turnover, to Yen 870 million. Some reports sales to have risen at least 5%, but this has not been confirmed.
The financial situation is considered maintained FAIR and good for ORDINARY business engagements. The proposed amount, however, is considered TOO HIGH from the recent financial status.
REGISTRATION
Date
Registered: Jan 1976
Legal
Status: Limited Company
(Kabushiki Kaisha)
Authorized: 160,000 shares
Issued: 40,000 shares
Sum: Yen 20 million
Major
shareholders (%): Toshio Takada & families (--100)
No. of
shareholders: 7
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports and wholesales sapphires, cat’-eyes, emeralds, jades, rubies, alexandrite, tourmalines, tanzanite, other precious & semi-precious stones; also handles jewelry products (--100%).
Goods are imported from
Stones are also subcontracted mfg to local jewelry processors into jewelry products.
Clients: [Jewelry processors, jewelry stores] Tokyo Kiho, Nagahori Corp, Meijido, Gosho Jewel, Platinum Interwork, other.
No. of
accounts: 200
Domestic
areas of activities: Centered in greater-Tokyo.
Suppliers: [Mfrs, wholesalers] Imports through subsidiaries:
Siam Gems Tech Co, Chanthaburi Purchasing Office, Aztech Lapidary Co Ltd (--
Payment
record: Regular
Location: Business area in
Bank References
Tokyo
Tomin Bank (Okachimachi)
Mizuho
Bank (Inaricho)
Relations:
Satisfactory
FINANCES
(In
Million Yen)
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Terms Ending: |
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31/07/2007 |
31/07/2006 |
31/07/2005 |
31/07/2004 |
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Annual
Sales |
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870 |
850 |
850 |
747 |
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Recur.
Profit |
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Net
Profit |
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3 |
3 |
3 |
1 |
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Total
Assets |
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N/A |
N/A |
N/A |
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Net
Worth |
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81 |
78 |
75 |
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Capital,
Paid-Up |
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20 |
20 |
20 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
2.35 |
0.00 |
13.79 |
-3.86 |
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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 |
0.34 |
0.35 |
0.35 |
0.13 |
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Notes:
Financials are not disclosed only except the above partial figures.
Forecast
(or estimated) figures for 31/07/2007 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. |
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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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%)