MIRA
INFORM REPORT
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Report Date : |
10.09.2007 |
IDENTIFICATION DETAILS
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Name : |
TAKARAGUMI CO LTD |
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Registered Office : |
Takara Daisan Bldg 5F, 1-18-6 Higashi-Ueno Taitoku |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
Dec 1939 |
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Legal Form : |
Limited Company (Kabushiki
Kaisha) |
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Line of Business : |
Warehousing & holding
company |
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 177.2 millions |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
name
TAKARAGUMI CO LTD
REGD NAME
KK Takaragumi
MAIN OFFICE
Takara Daisan Bldg
5F, 1-18-6 Higashi-Ueno Taitoku
Tel : 03-3839-1231
Fax : 03-3839-1239
URL : http://www.takaragumi.co.jp/ (in
Japanese only)
E-Mail
address: (Thru the URL)
ACTIVITIES
Warehousing
& holding company
BRANCHES
Shinagawa,
Saitama, Kuki (--group firms)
FACTORY(IES)
Shinagawa,
LICENSES
#306/#925
for warehousing; #317 (3) for issuing warehouse bill of lading
OFFICERS
HIROKUNI
HONZAWA, PRES
Masahiro
Honzawa, v pres
Yukikihiro
Honzawa, rep dir
Yen
Amount: In million Yen, unless otherwise
stated
SUMMARY
FINANCES FAIR A/SALES Yen 9,100 M
PAYMENTS REGULAR CAPITAL Yen 400 M
TREND STEADY WORTH Yen
9,575 M
STARTED 1939 EMPLOYES 30
COMMENT
WAREHOUSING AND HOLDING COMPANY OF SIX GROUP FIRMS. FINANCIAL
SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 177.2 MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company is a warehousing and holding company of six domestic group firms. Three of them are engaged in warehousing, one in hotel business, in restaurant operation, etc (See REGISTRATION). Three
including the parent company are located at the same address with the same telephone numbers used. Owned essentially by Honzawa family.
FINANCIAL INFORMATION
The sales volume for Mar/2006 fiscal term amounted to Yen 9,100 million, a 0.5% up from Yen 9,050 million in the previous term. The net profit was posted at Yen 288 million. The firm reported digested financials for the first time for this term.
For the term ended Mar 2007 the net profit is believed posted at Yen 290 million, on a 1.1% rise in turnover, to Yen 9,200 million. Final results are yet to be released.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 177.2 million, on 30 days normal terms.
REGISTRATION
Date
Registered: Dec 1939
Legal
Status: Limited Company
(Kabushiki Kaisha)
Authorized: 3.2 million shares
Issued: 800,000 shares
Sum: Yen 400 million
Major shareholders (%): Takara Hotel (11), Hiro Enterprise (11), Takara Enterprise (11), KK Takara Soko (11),
Keigyosha (11) (--all group firms)
No. of shareholders: 9
(Group firms): KK Takara Hotel (hotel business); KK Takara Soko
(warehousing in
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities:
Warehousing & Holding Company of six group firms (--100%).
Clients: [Mfrs, trucking firms] Kirin Beverages, Sangetsu, Yamato Transport, Sagawa Express, Takase Transport, Toshiba Logistics, other.
No. of
accounts: 800
Domestic
areas of activities: Nationwide
Suppliers:
[Mfrs, wholesalers] Takenaka Corp, Kajima Corp, other.
Payment
record: Regular
Location: Business area in
Bank References
Mizuho
Corporate Bank (Uchisaiwaicho)
SMBC
(Ueno)
Relations:
Satisfactory.
FINANCES
(In
Million Yen)
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Terms Ending: |
31/03/2007 |
31/03/2006 |
31/03/2005 |
31/03/2004 |
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Annual
Sales |
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9,200 |
9,100 |
9,050 |
8,990 |
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Recur.
Profit |
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Net
Profit |
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290 |
288 |
280 |
272 |
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Total
Assets |
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29,005 |
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Current
Assets |
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8,730 |
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Current
Liabs |
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7,294 |
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Net
Worth |
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9,575 |
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Capital,
Paid-Up |
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400 |
400 |
400 |
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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 |
1.10 |
0.55 |
0.67 |
1.01 |
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Current Ratio |
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.. |
119.69 |
.. |
.. |
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N.Worth Ratio |
.. |
33.01 |
.. |
.. |
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R.Profit/Sales |
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.. |
.. |
.. |
.. |
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N.Profit/Sales |
3.15 |
3.16 |
3.09 |
3.03 |
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Return On Equity |
.. |
3.01 |
.. |
.. |
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Note: Financials
are disclosed in digested form for the 31/03/2006 fiscal term only.
Forecast
(or estimated) for the 31/03/2007 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%)