MIRA
INFORM REPORT
|
Report Date : |
02.01.2008 |
IDENTIFICATION
DETAILS
|
Name : |
TAIKO CO LTD |
|
|
|
|
Registered Office : |
Osaka Jewellery Bldg 2F, 3-3-26 Minamisemba Chuoku Osaka 542-0081 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Date of Incorporation : |
Oct 1987 |
|
|
|
|
Legal Form : |
Limited Company (Kabushiki Kaisha) |
|
|
|
|
Line of Business : |
Import, wholesale of diamonds,
diamond jewelry |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Fair |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
name
TAIKO CO LTD
REGD NAME
KK Taiko Hoshoku
MAIN OFFICE
Osaka Jewellery Bldg 2F, 3-3-26 Minamisemba Chuoku Osaka 542-0081 JAPAN
Tel : 06-6251-0341
Fax : 06-6251-0961
URL : N/A
ACTIVITIES
Import, wholesale of diamonds, diamond jewelry
BRANCHES
Nil
FACTORY(IES)
(subcontracted)
OFFICERS
KOJI SHIMONAKA, PRES
Koin Aoyama, mgn dir
Chiyoko Shimonaka, dir
Yen Amount : In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 1,850 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND STEADY WORTH Yen 189 M
STARTED 1987 EMPLOYES 20
COMMENT
IMPORTER AND WHOLESALER SPECIALIZING IN DIAMONDS & DIAMOND
JEWELRY. FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
HIGHLIGHTS
The subject company was established by Noriyasu Kaneda in order
to make most of his experience in the subject line of business, and was later
transferred to Koji Shimonaka, who took the office of pres on 01/08/2002. This is a trading house specializing in
polished diamonds, other gem stones, diamond jewelry, other, imported from Hong
Kong, Belgium, Thailand, Canada, other.
Diamonds are partially subcontracted mfg to local jewelry processors
into jewelry products. Clients are
local jewelry processors, jewelry stores, chain stores, centering in
greater-Osaka area.
FINANCIAL INFORMATION
Financials
are only partially disclosed.
The
sales volume for Jul/2006 fiscal term amounted to Yen 1,850 million, a 2% up
from Yen 1,820 million in the previous term.
The net profit was posted at Yen 30 million, up from Yen 28 million a
year ago.
For
the current term ending Jul 2007 the net profit is projected at Yen 30 million,
on a 3% rise in turnover, to Yen 1,900 million. Business continues rising.
Weaker Yen will also help uplift sales amount in Yen terms.
The
financial situation is considered maintained FAIR and good for ORDINARY
business engagements.
REGISTRATION
Date Registered: Oct
1987
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 800
shares
Issued: 200
shares
Sum: Yen
10 million
Major shareholders (%): Koji
Shimonaka (50)
No. of shareholders: 5
Nothing detrimental is known as to the commercial morality
of executives.
OPERATION
Activities: Imports and wholesales polished diamonds, other gem
stones, diamond jewelry, others (--100%).
Goods are imported from Hong Kong, Belgium, Thailand,
Canada, etc.
Clients: [Jewelry processors, jewelers, chain stores]
Hakkakudo, other.
No. of accounts: 200
Domestic areas of activities: Centered in greater-Osaka
Suppliers: [Mfrs, wholesalers] Taniguchi Jewelry, Sakha Diamond
Corp, Eiko Watch, Wakatsuki (supermarket), other. Also imports from Hong Kong, Belgium, Israel, etc.
Payment record: Regular
Location: Business area in Osaka. Office premises at the caption address are leased and maintained
satisfactorily.
Bank References
SMBC (Tsuruhashi)
Kinki Osaka Bank (Tsuruhashi)
Relations: Satisfactory
FINANCES
(In Million Yen)
|
Terms
Ending: |
|
31/07/2007 |
31/07/2006 |
31/07/2005 |
31/07/2004 |
|
|
Annual
Sales |
|
1,900 |
1,850 |
1,820 |
1,879 |
|
|
Recur.
Profit |
(*) |
.. |
.. |
55 |
59 |
|
|
Net
Profit |
|
30 |
30 |
28 |
30 |
|
|
Total
Assets |
|
|
N/A |
N/A |
N/A |
|
|
Net
Worth |
|
|
189 |
159 |
131 |
|
|
Capital,
Paid-Up |
|
|
10 |
10 |
10 |
|
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
||
|
S.Growth Rate |
2.70 |
1.65 |
-3.14 |
-3.59 |
||
|
Current Ratio |
|
|
.. |
.. |
.. |
|
|
N.Worth Ratio |
|
.. |
.. |
.. |
||
|
N.Profit/Sales |
1.58 |
1.62 |
1.54 |
1.60 |
||
Note: Financials are only partially disclosed.
Forecast (or estimated) for the 31/07/2007 fiscal term.
(*) Pretax profits disclosed from the Taxation Office.
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)