MIRA
INFORM REPORT
|
Report Date : |
23.05.2008 |
IDENTIFICATION
DETAILS
|
Name : |
TAIKODO CO LTD |
|
|
|
|
Registered Office : |
KM Yonbancho Bldg, 11-3 Yonbancho Chiyodaku Tokyo 102-0081 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
30.11.2007 |
|
|
|
|
Date of Incorporation : |
December 1975 |
|
|
|
|
Legal Form : |
Limited Company (Kabushiki Kaisha) |
|
|
|
|
Line of Business : |
Import, Wholesale of Foods, Gift Items |
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
Maximum Credit Limit : |
YEN 21.9 Million |
|
|
|
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
Regular |
name & address
TAIKODO CO LTD
REGD NAME: KK Taikodo
MAIN OFFICE: KM Yonbancho Bldg,
11-3 Yonbancho Chiyodaku Tokyo 102-0081 JAPAN
Tel:
03-3230-1730 Fax: 03-3230-1690
URL: N/A
ACTIVITIES
Import, wholesale of foods, gift items
BRANCHES
Nil
OFFICER(S)
HIROMI OHKAWA, PRES
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 1,150 M
PAYMENTS REGULAR CAPITAL Yen 23 M
TREND STEADY WORTH Yen 91 M
STARTED 1975 EMPLOYES 5
COMMENT
TRADING FIRM SPECIALIZING IN FOODS & GIFT ITEMS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT
YEN 21.9 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Hiromi Ohkawa in order to make most of her experience as business consultant. This is a trading firm for import and wholesale of foods and seasonal gift items. Major client is ADO (All Nippon Department Store Development Organization) sponsored by Isetan Department Store. This is a joint purchasing & development organization of all major department stores with 32 major department stores and 66 sub-stores as memberships. Goods are imported. The firm also offers business consultancy service.
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Nov/2007 fiscal term amounted to Yen 1,150 million, a 6% up from Yen 1,100 million in the previous term. Imports of ale beer rose. The net profit was posted at Yen 5 million, similarly as in the last year.
For the current term ending Nov 2008 the net profit is projected at Yen 5 million, on a 9% rise in turnover, to Yen 1,250 million.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 21.9 million, on 30 days normal terms.
REGISTRATION
Date Registered: Dec 1975
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 80,000 shares
Issued: 46,000 shares
Sum: Yen 23 million
Major shareholders (%)
Hiromi Ohkawa (100)
Nothing detrimental is known as to her commercial morality.
OPERATION
Activities: Imports and wholesales foodstuffs, seasonal gift items for department stores (--100%).
Offers business consultancy service, too
Import agent for Paxton & Whitfield (UK) for importing ale beer, cheese, preserved foods, etc.
Clients
[Department stores] Isetan, ADO member stores, other
No. of accounts
100
Domestic areas of activities
Nationwide
Suppliers
[Mfrs, wholesalers] Element System, Studio KJ, other.
Imports from UK, other.
Payment record
Regular
Location
Business area in Tokyo. Office premises at the caption address are leased and maintained satisfactorily.
Bank References
Aozora Bank (H/O)
SMBC (Kojimachi)
Relations: Satisfactory
FINANCES: (In Million Yen)
|
Terms Ending: |
|
30/11/2008 |
30/11/2007 |
30/11/2006 |
30/11/2005 |
|
Annual
Sales |
|
1,250 |
1,150 |
1,100 |
1,200 |
|
Recur.
Profit |
|
|
|
|
|
|
Net
Profit |
|
5 |
5 |
5 |
6 |
|
Total
Assets |
|
|
N/A |
N/A |
N/A |
|
Net
Worth |
|
|
91 |
86 |
81 |
|
Capital,
Paid-Up |
|
|
23 |
23 |
23 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
8.70 |
4.55 |
-8.33 |
4.35 |
|
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
.. |
.. |
.. |
|
|
N.Profit/Sales |
0.40 |
0.43 |
0.45 |
0.50 |
|
Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 30/11/2008 fiscal term.
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. |
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%)