MIRA INFORM REPORT
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Report Date : |
15.01.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
TAKISADA-OSAKA CO LTD |
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Registered Office : |
2-3-6 Bingomachi Chuoku |
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Country : |
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Financials (as on) : |
31.01.2010 |
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Date of Incorporation : |
August 2001 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, Export, Wholesale of
textiles & products |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
Yen 3,320.9 Million |
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Status : |
Satisfactory |
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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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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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
TAKISADA-OSAKA CO LTD
REGD NAME
Takisada Osaka KK
MAIN OFFICE
2-3-6 Bingomachi
Chuoku
Tel: 06-6262-1205 Fax: 06-6261-4327
URL: http://www.takisada-osaka.co.jp/
E-Mail
address: info@takisada-osaka.co.jp
ACTIVITIES
Import,
export, wholesale of textiles & products
BRANCHES
OVERSEAS
OFFICER(S)
Sueo
Taki, ch RYUTA
TAKI, PRES
Tsutomu
Yokota, s/mgn dir Osamu
Ogawa, s/mgn dir
Kazuyoshi
Muto, mgn dir Masayuki
Taki, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 66,876 M
PAYMENTS REGULAR CAPITAL Yen 1,500 M
TREND SLOW WORTH Yen
51,234 M
STARTED 2001 EMPLOYES 720
COMMENT
TRADING HOUSE SPECIALIZING IN TEXTILES & PRODUCTS.
FINANCIAL SITUATION CONSIDERED FAIR
AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 3,320.9
MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company
was established originally in 1864 by a certain Taki as a textile merchant, on
his account. Incorporated in 1940, the
firm has been succeeded by his descendants.
In Aug 2001, the firm split into two entities: Takisada-Osaka Co Ltd (ex
Takisada Osaka Headquarters) and Takisada-Nagoya Co Ltd (ex Takisada Nagoya
Headquarters). This is a trading house
specializing in textiles and their products.
Boasts the top-ranked position in sales of textiles & products. Goods are both imported and exported. Clients are major apparel mfrs, wholesalers,
chain stores, specialty stores, etc, nationwide.
FINANCIAL INFORMATION
The sales volume for
Jan/2010 fiscal term amounted to Yen 66,876 million, a 15% down from Yen 78,600
million in the previous term. Sales were
substantially affected by the global economic downturn. Exports were hurt by the strong Yen.
depressing sales amount in Yen terms.
The recurring profit was posted at Yen 2,944 million and the net profit
at Yen 535 million, respectively, compared with Yen 3,305 million recurring
profit and Yen 852 million net profit, respectively, a year ago. Amid the economic downturn, consumer spending
is sluggish and down pressed, particularly for winter-clothing. Mild winter affected the sales
negatively.
For the current term
ending Jan 2011 the recurring profit is projected at Yen 3,000 million and the
net profit at Yen 550 million, on a 2% rise turnover, to Yen 68,000 million.
The financial
situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 3,320.9
million, on normal terms.
REGISTRATION
Date Registered: Aug
2001
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 1.2 million shares
Issued: 300,000 shares
Sum: Yen
1,500 million
Major shareholders (%): Majority owned by Takisada
families & relatives (Breakdown details unavailable)
No. of
shareholders: 91
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Trading house for import, export and wholesale of textile fabrics,
piece goods for women (68.1%), for men (7.7%), women’s clothing & clothing
accessories (13.4%), bed clothes, beddings, night clothes, interior accessories
(4.9%), wool, silk cloths, other textile materials (5.9%). (Import/export 10%).
Clients: [Apparel mfrs, wholesalers] Onward Kashiyama, World Co, Itokin, Sanyei International,
other.
Exports to Europe,
No. of accounts: (Wholesalers)
2,000, (Apparel makers) 700
Domestic areas of activities:
Nationwide
Suppliers: [Mfrs, wholesalers] Teijin Ltd, Toray Ind, Nisshinbo, Toyobo, Kuraray,
Mitsubishi rayon, Fujibo Ltd, Unitika, Asahi Kasei, Kanebo Ltd, other.
Imports from Europe,
Payment record: Regular
Location: Business area in
Bank References:
MUFG
(Kawaramachi)
Mizuho
Bank (Semba)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
31/01/2011 |
31/01/2010 |
31/01/2009 |
31/01/2008 |
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Annual
Sales |
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68,000 |
66,876 |
78,600 |
85,507 |
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Recur.
Profit |
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3,000 |
2,944 |
3,305 |
4,671 |
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Net
Profit |
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550 |
535 |
852 |
2,433 |
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Total
Assets |
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73,623 |
80,417 |
84,717 |
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Current
Assets |
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51,732 |
58,289 |
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Current
Liabs |
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21,176 |
27,750 |
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Net
Worth |
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51,234 |
50,999 |
50,596 |
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Capital,
Paid-Up |
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1,500 |
1,500 |
1,500 |
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Div.P.Share(¥) |
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10,000.00 |
15,500.00 |
15,500.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
1.68 |
-14.92 |
-8.08 |
0.80 |
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Current Ratio |
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.. |
244.30 |
210.05 |
.. |
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N.Worth Ratio |
.. |
69.59 |
63.42 |
59.72 |
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R.Profit/Sales |
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4.41 |
4.40 |
4.20 |
5.46 |
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N.Profit/Sales |
0.81 |
0.80 |
1.08 |
2.85 |
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Return On Equity |
.. |
1.04 |
1.67 |
4.81 |
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Notes:
Forecast (or estimated) figures for the 31/01/2011 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.45.30 |
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1 |
Rs.71.73 |
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Euro |
1 |
Rs.60.40 |
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 |
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.