MIRA
INFORM REPORT
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Report Date : |
06.06.2008 |
IDENTIFICATION
DETAILS
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Correct Name : |
TAIHEI TRADING CO LTD |
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Registered Office : |
469-2 Tanjo Miharamachi Minamikawachigun Osaka-Pref 587-0011 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2004 |
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Date of Incorporation : |
February 1989 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, Wholesale of Bicycles, their Parts and Accessories |
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 17.4 Million |
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Status : |
Moderate |
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Payment Behaviour : |
Regular |
name & address
TAIHEI TRADING CO LTD
REGD NAME: Taihei Koeki KK
MAIN OFFICE: 469-2 Tanjo
Miharamachi Minamikawachigun Osaka-Pref 587-0011 JAPAN
Tel:
072-363-2300 Fax: 072-363-2302
URL: N/A
ACTIVITIES
Import, wholesale of bicycles, their parts and accessories
BRANCHES
Nil
OFFICER(S)
Katsuhiko Kitaguchi, ch
NAOYA KITAGUCHI, PRES
Tsutomu Kawai, mgn dir
Kyoko Kitaguchi, dir
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 1,000 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND SLOW WORTH Yen
39 M
STARTED 1989 EMPLOYES 19
COMMENT
IMPORTER
SPECIALIZING IN BICYCLES. FINANCIAL
SITUATION RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT
YEN 17.4 MILLION, NORMAL TERMS
HIGHLIGHTS
The subject
company was established by Naoya Kitaguchi in order to make most of his
experience in the subject line of business.
This business specializes in import and wholesale of bicycles, their
parts & accessories, made in Taiwan and China. Goods are all imported from these countries. Goods are supplied to bicycle shops,
specialty stores, chain stores, centering in greater-Osaka region.
The
sales volume for Dec/2003 fiscal term amounted to Yen 1,000 million, a 2% up
from Yen 980 million in the previous term.
The net profit remained unchanged at Yen 3 million. Due to severe competition among the trade
profits remain at low ebb.
For
the current term ending Dec 2004 the net profit sis projected at Yen 2 million,
on a similar turnover, at Yen 1,000 million.
The
financial situation is considered RATHER WEAK but should be good for MODERATE
business engagements. Max credit limit
is estimated at Yen 17.4 million, on normal terms.
REGISTRATION
Date Registered: Feb
1989
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 800
shares
Issued: 200
shares
Sum: Yen
10 million
Major shareholders (%)
Naoya Kitaguchi and families
(--100)
No. of shareholders: 7
Nothing detrimental is knows as to the commercial morality
of executives.
OPERATION
Activities: Imports and
wholesales bicycles, their parts & accessories, from Taiwan and China
(--100%)
Clients
[Bicycle
shops, chain stores] Sakai Cycle, Ebisu Cycle, Yokota Cycle, Shiono Jitensha
(Jitensha means bicycle), other
No. of accounts
30
Domestic areas of activities
Centered in greater-Osaka
Suppliers
[Mfrs]
Imports from Taiwan and China. Also
partially supplied from domestic suppliers.
Payment record: Regular
Location
Business area in Kawachigun, Osaka-Pref. Office premises at the caption address are owned and maintained satisfactorily.
Bank References
SMBC (Sakai))
Resona Bank (Sakai)
Relations: Satisfactory
FINANCES: (In Million Yen)
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Terms Ending: |
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31/12/2004 |
31/12/2003 |
31/12/2002 |
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Annual
Sales |
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1,000 |
1,000 |
980 |
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Recur.
Profit |
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.. |
.. |
.. |
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Net
Profit |
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2 |
3 |
3 |
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Total
Assets |
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N/A |
N/A |
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Net
Worth |
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39 |
36 |
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Capital,
Paid-Up |
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10 |
10 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
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S.Growth Rate |
0.00 |
2.04 |
-2.00 |
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Current Ratio |
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.. |
.. |
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N.Worth Ratio |
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.. |
.. |
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N.Profit/Sales |
0.20 |
0.30 |
0.31 |
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Notes:
Financial statement not disclosed only except the above partial approx figures.
Forecast (or estimated) figures for 31/12/2004 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%)