MIRA
INFORM REPORT
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Report Date : |
17.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
TECHNO TAKATSUKI CO LTD |
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Registered Office : |
8-16 Hatcho-Nishi Takatsuki City Osaka-Pref 569-0095 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
January 1956 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Manufacturer of Air Pumps |
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 73.5 Million |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
name & address
TECHNO TAKATSUKI
CO LTD
REGD NAME: KK Techno Takatsuki
MAIN OFFICE: 8-16 Hatcho-Nishi Takatsuki City Osaka-Pref
569-0095 JAPAN
Tel:
072-684-0805 Fax: 072-684-0807
URL: http://www.takatsuki.co.jp
E-Mail address: trading@takatsuki.co.jp
ACTIVITIES
Mfg of air pumps
BRANCHES
Tokyo
OVERSEAS
Korea, Philippines, France, Spain, USA
FACTORY
Neyagawa (Osaka), Shiga (2);
Philippines
OFFICER(S)
NOZOMU KAWASAKI, PRES
Shuhei Kamata, mgn dir
Yukiyoshi Kuroiwa, dir
Yen Amount: In
million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 4,020 M
PAYMENTS REGULAR CAPITAL Yen 77 M
TREND STEADY WORTH Yen 689 M
STARTED 1956 EMPLOYES 130
COMMENT
MFR SPECIALIZING IN AIR PUMPS USED FOR WASTE-WATER TREATMENT
SYSTEMS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 73.5 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established originally in 1947 by Tomomasa Kawasaki, on his account, and was incorporated in 1956. Specialized mfr of air pumps for use in water-treatment systems and water-purifiers. Upon incorporation, appointed by Matsushita Electric Ind as its designated mfg plant. Nozomu is the founder’s son, who took the pres office in Dec 1979. Has five overseas offices, including one plant in the Philippines. Domestic clients are pump mfrs, other mfrs, wholesalers, other.
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Dec/2007 fiscal term amounted to Yen 4,020 million, a 5% up from Yen 3,820 million in the previous term. Demand for air pumps rose for ecological reasons. The profits were, on the other hand, deteriorated due to rising costs of materials and fuel oils. The net profit was posted at Yen 22 million, down from Yen 70 million a year ago.
For the current term ending Dec 2008 the net profit is projected at Yen 25 million, on a 4% rise in turnover, to Yen 4,200 million. Business is seen rising steadily.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 73.5 million, on 30 days normal terms.
REGISTRATION
Date Registered: Jan 1956
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 6 million shares
Issued: 1.54 million shares
Sum: Yen 77.6 million
Major shareholders (%)
Nozomu Kawasaki (14), Employees’ S/Holding Assn (about 10)
No. of shareholders: 33
Nothing detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Manufactures air pumps & accessories for use in water-treatment systems (--100%)
Clients
[Mfrs, wholesalers] Nikkan Shoji, Hitachi Housetech, Nissan Chemical Ind,
Hamanetsu Co, Sanwa Kaken Kogyo, Noritz Corp, Sakuragawa Pump Mfg, Hiblow USA, Select Comfort, other.
No. of accounts: 500
Domestic areas of activities: Centered in greater-Osaka
Suppliers
[Mfrs, wholesalers] Semba Denki Kazai, Toshin Kinzoku Kogyo, other.
Imports from: Philippine Techno Takatsuki, Hiblow Philippines (--subsidiaries), other.
Payment record: Regular
Location
Business area in Takatsuki City, Osaka-Pref. Office premises at the caption address are owned and maintained satisfactorily.
Bank References
SMBC (Takatsuki)
Resona Bank (Takatsuki)
Relations: Satisfactory
FINANCES: (In Million Yen)
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Terms Ending: |
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31/12/2008 |
31/12/2007 |
31/12/2006 |
31/12/2005 |
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Annual
Sales |
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4,200 |
4,020 |
3,820 |
3,970 |
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Recur.
Profit |
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Net
Profit |
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25 |
22 |
70 |
61 |
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Total
Assets |
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N/A |
N/A |
N/A |
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Net
Worth |
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689 |
666 |
596 |
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Capital,
Paid-Up |
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77 |
77 |
77 |
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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 |
4.48 |
5.24 |
-3.78 |
29.74 |
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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 |
0.60 |
0.55 |
1.83 |
1.54 |
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Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 31/12/2008 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.46.71 |
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UK Pound |
1 |
Rs.83.57 |
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Euro |
1 |
Rs.65.90 |
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%)