MIRA
INFORM REPORT
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Report Date : |
24.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
TAKEMOTO FOODS CO LTD |
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Registered Office : |
Namba Valle Bldg 7F, 2-2-21 Nambanaka Naniwaku Osaka 556-0011 |
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Country : |
Japan |
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Financials (as on) : |
29.02.2008 |
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Date of Incorporation : |
December, 1988 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Operation of Restaurants; Import of Foods |
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 26.7 Million |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
name of the company
TAKEMOTO FOODS CO LTD
REGD NAME: KK Takemoto Foods
MAIN OFFICE
Namba Valle Bldg 7F, 2-2-21 Nambanaka Naniwaku Osaka 556-0011 JAPAN
Tel: 06-4396-8005 Fax:
06-4396-8006
URL
ACTIVITIES
Operation of restaurants; import of foods
BRANCHES
Tokyo, Sakai, Kanagawa, other (Tot 100 restaurants)
FACTORY(IES)
Osaka (Distribution Center)
OFFICER(S)
KAZUYOSHI TAKEMOTO, PRES
Akemi Takemoto, dir
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 2,859 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND STEADY WORTH Yen 310 M
STARTED 1988 EMPLOYES 50
COMMENT
RESTAURANT OPERATOR; IMPORTER OF FOODS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT
YEN 26.7 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by
Kazuyoshi Takemoto in order to make most of his experience in the subject line
of business. Operates 100 restaurants
nationwide; also imports foods and confectionery to supply to these
restaurants. Restaurants are also
located at major department stores nationwide.
Foods are also supplied from domestic meat packers, coffee makers,
other. The firm underwent drastic
restructuring by shutting down unprofitable restaurants.
FINANCIAL INFORMATION
The sales volume for Feb/2007 fiscal term
amounted to Yen 2,859 million, an 8% down from Yen 3,102 million in the
previous term. This is referred to the
said liquidation of unprofitable restaurants.
The operations incurred a deficit to post Yen 29 million recurring
profit, resulting in Yen 29 million net losses for the term. This is referred to the restructuring costs
and expenses, which are dealt as extraordinary losses. The previous term posted Yen 47 million
recurring profit and Yen 18 million net profit, respectively.
For the current term ending Feb 2008 the net
profit is projected at Yen 10 million, on a 5% rise in turnover, to Yen 3,000
million. Operations will come back to
profitability.
The financial
situation is considered maintained FAIR and good for ORDINARY business
engagements. Max credit limit is
estimated at Yen 26.7 million, on 30 days normal terms.
REGISTRATION
Date Registered:Dec 1988
Legal Status: Limited Company
(Kabushiki Kaisha)
Authorized: 800 shares
Issued: 200 shares
Sum: Yen 10 million
Major shareholders (%)
Kazuyoshi Takemoto (85), Akemi Takemoto
(10), Shoko Takemoto (5)
No. of shareholders
3
Nothing detrimental is known as to the commercial morality of
executives.
OPERATION
Activities: Operates 100 restaurants nationwide; imports foods,
confectionery, other (--100%).
Clients
[Department stores, wholesalers, consumers]
Seibu Department Stores, Sogo, Daimaru, Takashimaya, Mitsukoshi, Matsuzakaya,
Iwase Esta Corp, Nitto Fuji Flour Milling, other.
No. of accounts: Unavailable
Domestic areas of activities: Nationwide
Suppliers
[Food mfrs, wholesalers] Meiji Dairies Corp,
Itoham Foods Inc, Nippon Meat Packers, UCC Ueshima Coffee, Sojitz Foods, Saraya
Co, Osaka Shokuryo Oroshi, Torigoe Co, other.
Imports foods and confectionery.
Payment record: Regular
Location: Business
area in Osaka. Office premises at the
caption address are leased and maintained satisfactorily.
Bank References
MUFG (Namba)
Mizuho Bank (Sakai)
Relations: Satisfactory
FINANCES: (In Million Yen)
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Terms Ending: |
29/02/2008 |
28/02/2007 |
28/02/2006 |
28/02/2005 |
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Annual Sales |
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3,000 |
2,859 |
3,102 |
3,197 |
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Recur. Profit |
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-22 |
47 |
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Net Profit |
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10 |
-29 |
18 |
13 |
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Total Assets |
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2,034 |
2,274 |
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Current Assets |
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1,293 |
1,500 |
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Current Liabs |
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624 |
659 |
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Net Worth |
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310 |
339 |
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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 |
4.93 |
-7.83 |
-2.97 |
-4.60 |
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Current Ratio |
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207.21 |
227.62 |
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N.Worth Ratio |
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15.24 |
14.91 |
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R.Profit/Sales |
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.. |
-0.77 |
1.52 |
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N.Profit/Sales |
0.33 |
-1.01 |
0.58 |
0.41 |
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Return On Equity |
.. |
-9.35 |
5.31 |
.. |
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Notes: Forecast (or estimated) figures for the 29/02/2008 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%)