MIRA
INFORM REPORT
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Report Date : |
26.10.2007 |
IDENTIFICATION DETAILS
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Name : |
KK TAIYO KIKAI |
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Registered Office : |
1-17-22 Omori-Nishi Ohtaku Tokyo 143-0015 |
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Country : |
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Date of Incorporation : |
January 1961 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Manufactures, imports and exports printing presses |
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 73.3 MILLION |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COMPANY NAME
TAIYO KIKAI LTD
REGD NAME: KK TAIYO KIKAI
SEISAKUSHO
MAIN OFFICE
1-17-22 Omori-Nishi Ohtaku
Tel :
03-3764-6127
Fax :
03-3766-5036
URL : http://www.taiyo-kikai.co.jp
E-Mail address :
taiyo@taiyo-kikai.co.jp
ACTIVITIES
Mfg of printing presses
BRANCHES
OVERSEAS
FACTORY(IES)
At the caption address,
OFFICERS
Takeo Igarashi, ch HIROSHI
AWAI, PRES
Hiroshi Masunaga, mgn dir Kiyoaki
Suga, dir
Noboru Okakura, dir Norio
Okakura, dir
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 4,361 M
PAYMENTS REGULAR CAPITAL Yen 69 M
TREND STEADY WORTH Yen 986 M
STARTED 1961 EMPLOYES 162
COMMENT
MFR OF PRINTING PRESSES.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 73.3 MILLION, 30 DAYS
HIGHLIGHTS
The subject company was established by Ryohei Aiko and
Sadamo Yoda in order to make most of their experience in the subject line of
business. Sadamo Yoda was inaugurated as
ch and Takeo Igarashi as pres in Feb 1991.
Specializes in mfg printing presses: business forms press, business forms collator, label printing
press, prepared card printing press, other.
In Oct 1995, opened
FINANCIAL
INFORMATION
The sales volume for Sept/2006 fiscal term amounted to Yen
4,361 million, a 29% sharp rise from Yen 3,392 million in the previous
term. This was thanks to rising demand
for multi-purpose prepaid card printing presses, that can be used for trains,
shopping, other. The net profit, on the
other hand, decreased to Yen 46 million from Yen 79 million a year ago. Rising costs of materials and fuel oil
deteriorated profitability.
For the term just ended Sept 2007 the net profit was
projected at Yen 47 million, on a 3% rise in turnover, to Yen 4,500
million. Business is seen steadily
expanding.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 73.3 million, on 30 days normal terms.
REGISTRATION
Date Registered : Jan
1961
Legal Status :
Limited Company (Kabushiki Kaisha)
Authorized :
240,000 shares
Issued :
138,000 shares
Sum : Yen 69 million
Major shareholders (%): Employees’ S/Holding Assn (37),
Takeo Igarashi (11), Kozo Saitoh (5), Hiroshi Awai (3), Setsuko Aiko (3)
No. of shareholders:
49
Nothing detrimental is known as to the commercial morality
of executives.
OPERATION
Activities: Manufactures, imports and exports printing
presses: business forms press, business forms collator, label printing press,
prepaid card printing press, others (--100%).
Clients: [Printing firms, business firms] Toppan Forms, Toppan
Label, Yuwa Business, Iseto Corp, Kobayashi Kirokushi Co, Toppan Printing, Toyo
Shigyo Printing, other.
No. of accounts: 800
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Yamakawa Chuko, Nihon Netsukan
Kogyo, Eye Graphics Co, Fuji EIC Co,
Meiwa Rubber, other.
Payment record
Regular
Location
Business area in
Bank References
MUFG (Kamata)
SMBC (Omori)
Relations: Satisfactory
FINANCES: (In
Million Yen)
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Terms Ending: |
30/09/2007 |
30/09/2006 |
30/09/2005 |
30/09/2004 |
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Annual Sales |
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4,500
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4,361
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3,392
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3,441
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Recur. Profit |
(*) |
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70 |
102 |
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Net Profit |
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47 |
46 |
79 |
57 |
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Total Assets |
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3,531
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3,559
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3,988
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Current Assets |
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1,741
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1,812
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2,177
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Current Liabs |
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563 |
600 |
1,286
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Net Worth |
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986 |
947 |
931 |
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Capital, Paid-Up |
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69 |
69 |
69 |
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Div.P.Share(¥) |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
3.19 |
28.57
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-1.42
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4.56 |
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Current Ratio |
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.. |
309.24
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302.00
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169.28
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N.Worth Ratio |
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27.92
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26.61
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23.35
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R.Profit/Sales |
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.. |
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2.06 |
2.96 |
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N.Profit/Sales |
1.04 |
1.05 |
2.33 |
1.66 |
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Return On Equity |
.. |
4.67 |
8.34 |
6.12 |
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Notes: Forecast (or estimated) for the 30/09/2007 fiscal
term.
(*) Pretax profits disclosed from the Taxation Office.
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%)