MIRA
INFORM REPORT
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Report Date : |
03.12.2011 |
IDENTIFICATION DETAILS
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Name : |
TAIJ LIMITED |
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Formerly Known as : |
TECHNICAL APPLIANCE INT’L JAPAN’ |
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Registered Office : |
POB 393 Shinjukuku |
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Country : |
Japan |
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Financials (as on) : |
31.07.2011 |
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Year of Establishment : |
June 2000 |
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Com. Reg. No.: |
0110-01-014839 (Tokyo-Shibuyaku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Export agency specializing in electric cooking utensils |
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No. of Employees : |
3 |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
Yen 19.2 Million |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
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Litigation : |
-- |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Japan |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name and address
TAIJ LIMITED*
*.. Renamed as captioned in 2005 from the former ‘Technical Appliance
Int’l Japan’, using all the capital letters in the former corporate name.
REGD NAME: KK
T. A. I. J.
MAIN OFFICE: POB
393 Shinjukuku, as designated.
Tel: 03-3379-7525 Fax: 03-3379-7526
*.. Registered at: 2-7-2
Yoyogi Shibuyaku Tokyo
URL: N/A
ACTIVITIES
Export agency
specializing in electric cooking utensils
BRANCHES
Nil
OFFICER(S)
TAKASHI MATSUMOTO,
PRES
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 1,000 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND STEADY WORTH Yen
241 M
STARTED 2000 EMPLOYES 3
COMMENT
EXPORT AGENCY OF COOKING WARE, AS SOLE AGENT FOR TIGER CORP. FINANCIAL SITUATION
CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT:
YEN 19.2 MILLION, ON 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by
Takashi Matsumoto in order to make most of his experience in foreign
trading. Originally started as
‘Technical Appliance Int’l Japan Ltd’ by the support of Kuwaiti investment, for
exporting home cooking wares (electric) to Mid East. Name changed to the captioned in 2005. The firm gradually expanded its operations
and now acting as the exclusive export agent for Tiger Corp, cookware mfr,
Osaka (see REGISTRATION). Covering
countries are Mid East, Africa, India, Pakistan, etc, except S/E Asia, USA and
Europe. Handling items are: rice cooker,
electric thermos, cookware, thermos, vacuum flasks, other (see OPERATION for
details).
FINANCIAL INFORMATION
Financial are not disclosed and we have obtained the following figures
personally from the owner, Takashi Matsumoto, and have made financial report on
basis of the information given from him.
The sales volume for July/2011 fiscal term amounted to Yen 1,000
million, a similar amount in the previous term.
Export volumes were increased but the high Yen ate into earnings &
profits in Yen terms, says the owner. The
net profit was posted at Yen 30 million, similarly in the last term.
For the current term ending Jul 2012 the net
profit is projected at Yen 33 million, on a 10% rise in turnover, to Yen 1,100
million. Exports are robust. Business is seen expanding steadily.
.
The financial situation is considered
maintained FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 19.2
million, on 30 days normal terms recommended.
REGISTRATION
Date Registered: Jun
2000
Regd No.: 0110-01-014839 (Tokyo-Shibuyaku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 80,000 shares
Issued: 20,000 shares
Sum: Yen 10 million
Major shareholders (%): Takashi Matsumoto
(100)
Nothing
detrimental is knows as to his commercial morality.
*.. T
OPERATION
Activities: A trading house
for export of home cooking wares centrally, acting as the exclusive export
agent for Tiger Corp (--90%), also imports parts & components relative to
the above products (10%).
Clients: [Mfrs,
wholesalers] Exports to Africa, Mid East, India, Pakistan, etc., as exclusive
agents for Tiger Corp, Olympus Corp and Kai Corp.
No. of accounts: Unavailable
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers]
Supplied from Tiger Corp, Olympus Corp and Kai Corp for exports.
Payment record: Regular
Location: Business area in Tokyo. Office premises at the caption address are
leased and maintained satisfactorily.
Bank References:
UFJ Bank (Shinjuku-Fukutoshin)
Relations: Money
deposits & transfers only
FINANCES
(In Million Yen)
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Terms Ending: |
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31/07/2012 |
31/07/2011 |
31/07/2010 |
31/07/2009 |
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Annual
Sales |
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1,100 |
1,000 |
1,000 |
1,100 |
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Recur.
Profit |
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Net
Profit |
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33 |
30 |
30 |
30 |
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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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241 |
211 |
181 |
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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 |
10.00 |
0.00 |
-9.09 |
0.00 |
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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 |
3.00 |
3.00 |
3.00 |
2.73 |
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Notes. Financials are not disclosed and we have made this statement on
basis of figures obtained from the owner, Takashi Matsumoto.
Forecast (or estimated) figures for the 31/07/2012 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.51.35 |
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1 |
Rs.80.50 |
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Euro |
1 |
Rs.69.14 |
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 |
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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-- |
NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.