MIRA INFORM REPORT

 

 

Report Date :           

01.07.2011

 

IDENTIFICATION DETAILS

 

Name :

TAKADA WORKS CO LTD

 

 

Registered Office :

6-1-10 Hon-Komagome Bunkyoku Tokyo 113-0021

 

 

Country :

Japan

 

 

Financials (as on) :

31.05.2010

 

 

Date of Incorporation :

June 1950

 

 

Com. Reg. No.:

(\tokyo-Bunkyoku) 004752

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Manufacturer of transfer switches, battery chargers

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

Yen 7.0 Million

Status :

Moderate

Payment Behaviour :

Regular

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 – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

Japan

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name

 

 Bottom of Form

 

TAKADA WORKS CO LTD

 

 

REGD NAME 

 

KK Takada Seisakusho

 

 

MAIN OFFICE

 

6-1-10 Hon-Komagome Bunkyoku Tokyo 113-0021 JAPAN

Tel: 03-3946-2566     Fax: 03-3946-2557

                                               

URL:                             http://www.takadass.co.jp

E-Mail address:                        info@takadass.co.jp

 

 

ACTIVITIES  

 

Mfg of transfer switches, battery chargers, other

 

 

BRANCHES   

 

Osaka

 

 

FACTORIES

 

Hanno (Saitama)

 

 

OFFICERS

 

MASAYUKI TAKADA, PRES

Masahiro Sasaki, mgn dir

Kenji Fujiwara, dir                     

 

Yen Amount:     In million Yen, unless otherwise stated

 

SUMMARY    

 

FINANCES                    FAIR                             A/SALES          Yen 534 M

PAYMENTS                  REGULAR                     CAPITAL           Yen 20 M

TREND             SLOW                          WORTH            Yen 127 M

STARTED                     1950                             EMPLOYES      46

 

 

COMMENT

 

MFR OF TRANSFER SWITCHES, BATTERY CHARGERS, OTHER.

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

                       

MAX CREDIT LIMIT: YEN 7.0 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

The subject company was established by Yoshizo Takada in order to make most of his experience in the subject line of business.  Masayuki is his son, who took the office of pres in May 1996.  This is a special mfr of electronic equipment/parts: HYBRID transfer switches, electronic transfer switches, power supplies, battery chargers, other.  Products are both imported and exported.  Clients include major electronics mfrs, other.

 

 

FINANCIAL INFORMATION

           

The sales volume for May/2010 fiscal term amounted to Yen 534 million, a 17% up from Yen 458 million in the previous term.  Export from and import into China was robust.  The recurring profit was posted at Yen 1 million and the net profit at Yen 1 million, compared with Yen 2 million recurring profit and Yen 80 million net losses, respectively, a year ago.  The losses include investment expenses to Hong Kong & China subsidiaries.

 

For the term that ended May 2011 the recurring profit was projected at Yen 2 million and the net profit at Yen 2 million, respectively, on a 3% rise in turnover, to Yen 550 million. 

 

The financial situation is considered FAIR and good for ORDINARY business engagements.  Max credit limit is estimated at Yen 7.0 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:  Jun 1950

Regd No.:         (\tokyo-Bunkyoku) 004752

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         160,000 shares

Issued:    40,000 shares

Sum:                   Yen 20 million

 

Major shareholders (%): Yoshizo Takada (60), Masayuki Takada (10)

 

No. of shareholders: 13

 

Nothing detrimental is known as to the commercial morality of executives.

 

 

OPERATION

           

Activities: Manufactures electronics parts & equipment: HYBRID transfer switches, electronic transfer switches, power supplies, battery chargers, DC contractor, other (--100%)

 

Clients: [Mfrs, wholesalers] Origin Electric Co, Shindengen Electric Co, Kyosan Electric Mfg, Sanken Electric Co, Inaba Denki Sangyo Co, GS Yuasa Corp, Toshiba Corp, other

            No. of accounts: 300

            Domestic areas of activities: Nationwide

Suppliers: [Mfrs, wholesalers] Hitachi Electric Wire, Tokyo Tron Co, Soritsu Denki Co, Yoshikawa Corp, Nezu Seisakusho, Umino Seisakusho, other

 

Payment record: Regular

 

Location: Business area in Tokyo.  Office premises at the caption address are owned and maintained satisfactorily.

 

Bank References:

Mizuho Bank (Komagome)

MUFG (Oji)

Relations: Satisfactory

 

FINANCES

(In Million Yen)

 

       Terms Ending:

31/05/2011

31/05/2010

31/05/2009

31/05/2008

Annual Sales

　

550

534

458

599

Recur. Profit

　

2

1

2

　

Net Profit

　

2

1

-80

28

Total Assets

　

　

578

495

　

Current Assets

　

　

425

326

　

Current Liabs

　

　

252

214

　

Net Worth

　

　

127

177

　

Capital, Paid-Up

　

　

20

20

20

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

3.00

16.59

-23.54

-14.67

    Current Ratio

 

..

168.65

152.34

..

    N.Worth Ratio

..

21.97

35.76

..

    R.Profit/Sales

 

0.36

0.19

0.44

..

    N.Profit/Sales

0.36

0.19

-17.47

4.67

    Return On Equity

..

0.79

-45.20

..

 

Notes: Forecast (or estimated) figures for the 31/05/2011 fiscal term.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.72

UK Pound

1

Rs.71.96

Euro

1

Rs.64.79

 

 

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

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

----

NB

New Business

----

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.