MIRA
INFORM REPORT
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Report Date : |
21.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
TAKARA KOSAN CO LTD |
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Registered Office : |
1-1-25 Minami-Kamata Ohtaku Tokyo |
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Country : |
Japan |
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Financials (as on) : |
30.09.2007 |
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Date of Incorporation : |
March 1979 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, Wholesale of Balloons, Helium Gas |
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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Maximum Credit Limit : |
YEN 41.3 Million |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
name & address
TAKARA KOSAN CO
LTD
REGD NAME: Takara Kosan KK
MAIN OFFICE: 3-28-25 Higashi-Shinagawa Shinagawaku Tokyo
140-0002 JAPAN
Tel:
03-5715-1585 Fax: 03-5715-1590
* Registered at: 1-1-25 Minami-Kamata Ohtaku Tokyo
E-Mail address: infotkn@tkn.co.jp
ACTIVITIES
Import, wholesale of balloons, helium gas
BRANCHES
Osaka, Ohme, Narita
OFFICER(S)
MARIKO FUKAO, PRES
Mitsunori Yoshida, dir
Yen Amount: In
million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 1,832 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND STEADY WORTH Yen 452 M
STARTED 1979 EMPLOYES 43
COMMENT
WHOLESALER OF BALLOONS, HELIUM GASES, OTHER.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT
YEN 41.3 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established on the basis of a division separated from Tomoe Shokai Co Ltd, wholesaler of high-pressure gases & chemicals, Tokyo (See REGISTRATION). This is a trading firm, owned by the Fukao family, for import and wholesale of balloons for use as advertising, parties, events and educational tools, etc. Clients include Ad agencies, printing firms, department stores, other.
FINANCIAL INFORMATION
The sales volume for Sept/2007 fiscal term amounted to Yen 1,832 million, an 11% up from Yen 1,647 million in the previous term. Balloons for AD use increased. Profits deteriorated, however, due to rising costs of materials & operations. The recurring profit was posted at Yen 66 million and the net profit at Yen 38 million, respectively, compared with Yen 93 million recurring profit and Yen 59 million net profit, respectively, a year ago.
For the current term ending Sept 2008 the net profit is projected at Yen 39 million, on a 3% rise in turnover, to Yen 1,900 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 41.3 million, on 30 days normal terms.
REGISTRATION
Date Registered: Mar 1979
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 80,000 shares
Issued: 20,000 shares
Sum: Yen 10 million
Major shareholders (%)
Mariko Fukao (50), Yukiko Fukao (24), Naoko Fukao (24)
No. of shareholders: 4
* Tomoe Shokai Co Ltd,
wholesaler of high-pressure gases & chemicals, Tokyo, founded 1950, capital Yen 75 million, turnover Yen 67,669
million, net profit Yen 1,307 million, employees 825, pres Sadao Fukao; owned by
Takara Kosan Co Ltd (32%), Mariko Fukao (20%)
Nothing detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports and wholesales inflatable balloons for use as advertising purposes, events, parties, educational tools, cartoon character balloons, magic balloons; helium gas (--100%).
Clients
[Ad agencies, printing houses, department stores] Tokyo Hands, Sanrio Co Ltd,
Hakuhodo, Senshukai (Mail-order house), Parco Space Systems, Toys “R” US Japan, Kiddy Land, Toppan Printing, Dai Nippon Printing, Emily’s Balloon, other.
No. of accounts: 800
Domestic areas of activities: Nationwide
Suppliers
[Mfrs, wholesalers] Tomoe Shokai Co, Dai Nippon Printing, Pioneer Balloon Co, Sanrio Co, Tamapoly Co, Okura Ind, Kuraray Trading, other.
Payment record: Regular
Location
Business area in Tokyo. Office premises at the caption address are owned and maintained satisfactorily.
Bank References
MUFG (Kamata)
Mizuho Bank (Kamata)
Relations: Satisfactory
FINANCES: (In Million Yen)
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Terms Ending: |
30/09/2008 |
30/09/2007 |
30/09/2006 |
30/09/2005 |
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Annual
Sales |
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1,900 |
1,832 |
1,647 |
1,718 |
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Recur.
Profit |
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68 |
66 |
93 |
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Net
Profit |
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39 |
38 |
59 |
69 |
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Total
Assets |
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1,214 |
1,152 |
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Current
Assets |
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764 |
707 |
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Current
Liabs |
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651 |
623 |
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Net
Worth |
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452 |
414 |
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Capital,
Paid-Up |
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10 |
10 |
10 |
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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 |
3.71 |
11.23 |
-4.13 |
4.82 |
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Current Ratio |
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.. |
117.36 |
113.48 |
.. |
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N.Worth Ratio |
.. |
37.23 |
35.94 |
.. |
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R.Profit/Sales |
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3.58 |
3.60 |
5.65 |
.. |
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N.Profit/Sales |
2.05 |
2.07 |
3.58 |
4.02 |
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Return On Equity |
.. |
8.41 |
14.25 |
.. |
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Notes: Forecast (or estimated) figures for the 30/09/2008
fiscal term.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.58 |
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UK Pound |
1 |
Rs.81.43 |
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Euro |
1 |
Rs.64.52 |
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%)