MIRA INFORM REPORT
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Report Date : |
22.11.2011 |
IDENTIFICATION DETAILS
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Name : |
TAKARA SHOJI CO LTD |
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Registered Office : |
1-9-19 Kajicho Chiyodaku Tokyo 101-0044 |
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Country : |
Japan |
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Financials (as on) : |
28.02.2011 |
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Date of Incorporation : |
December 1964 |
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Com. Reg. No.: |
(Tokyo-Chiyodaku) 018568 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale
of confectionery, foods |
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 42.6 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 – September 30th, 2011
|
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
TAKARA SHOJI CO LTD
REGD NAME
Takara Shoji KK
MAIN OFFICE
1-9-19 Kajicho Chiyodaku
Tokyo 101-0044 JAPAN
Tel:
03-3254-0232 Fax: 03-3258-1292
E-Mail address: takara-shoji.co.ltd@tskk.co.jp; takara@japan.email.ne.jp
ACTIVITIES
Import,
wholesale of confectionery, foods
BRANCHES
Kobe
OVERSEAS
China
OFFICERS
KOICHI
AOKI, PRES
Akira
Aoki, s/mgn dir
Yen
Amount: In million Yen, unless otherwise
stated
SUMMARY
FINANCES FAIR A/SALES Yen 988 M
PAYMENTS REGULAR CAPITAL Yen 18 M
TREND STEADY WORTH Yen
808 M
STARTED 1964 EMPLOYES 7
COMMENT
TRADING FIRM SPECIALIZING IN CONFECTIONERY & FOODS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 42.6 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Koichi Aoki in order to make most
of his experience in the subject line of business. This is a family-based trading firm, wholly
owned by the Aoki family, for import, export and wholesale of confectionery and
foods. Goods are imported mainly from
Europe, and USA, Canada, Hong Kong, other.
Goods are distributed (retailed) through its subsidiary wholesalers,
nationwide.
FINANCIAL INFORMATION
The sales volume for Feb 2011 fiscal term amounted to Yen 988 million, a
14% up from Yen 869 million in the previous term. Imports of chocolates from Belgium
increased. The recurring profit was posted
at Yen 6 million and the net profit at Yen 4 million, respectively, compared
with Yen 5 million recurring profit and Yen 2 million net profit, respectively,
a year ago.
For the current term ending Feb 2012 the recurring profit is projected
at Yen 6 million and the net profit at Yen 5 million, respectively, on a 3%
rise in turnover, to Yen 1,020 million.
Business is seen expanding steadily.
Imports continue increasing.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 42.6 million, on 30 days normal terms.
REGISTRATION
Date
Registered: Dec 1964
Regd
No.: (Tokyo-Chiyodaku) 018568
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
144,000 shares
Issued: 36,000 shares
Sum: Yen 18 million
Major shareholders (%): Koichi Aoki (55), Akira Aoki
(20), Taeko Aoki (3)
No. of shareholders: 19
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports and
wholesales confectionery (chocolates, cookies, sweets, sour balls, candies,
other), foods (pasta, other), other (--100%)
Business Partners: FFISHH
International BV (Netherlands), TEEMLINK Ltd (Hong Kong), TRICON Commodities
International Inc (Canada), Titan foods Inc (USA)
Clients: [Mfrs,
wholesalers] Tokyo Takara Foods, Kobe Takara Foods, Takara International, Hoko
Sangyo Ltd (--subsidiaries), other.
No. of accounts: 10
(direct wholesalers)
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Kjeldsens, Droste, Lemaitre, Rademaker, Toggenburger,
Saint-Michel, Simpkin, other.
Imports from: Switz, UK, Spain, Italy, Netherlands, Belgium, Germany,
Austria, USA, Canada, Hong Kong, other
Payment record: Regular
Location: Business area in
Tokyo. Office premises at the caption
address are owned and maintained satisfactorily.
Bank
References:
· SMBC (Nihombashi)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
29/02/2012 |
28/02/2011 |
28/02/2010 |
28/02/2009 |
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Annual
Sales |
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1,020 |
988 |
869 |
1,081 |
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Recur.
Profit |
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6 |
6 |
5 |
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Net
Profit |
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5 |
4 |
2 |
5 |
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Total
Assets |
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1,439 |
1,438 |
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Current
Assets |
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|
907 |
911 |
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Current
Liabs |
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505 |
507 |
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Net
Worth |
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808 |
802 |
800 |
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Capital,
Paid-Up |
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18 |
18 |
18 |
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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 |
3.24 |
13.69 |
-19.61 |
-9.01 |
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Current Ratio |
|
.. |
179.60 |
179.68 |
.. |
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N.Worth Ratio |
.. |
56.15 |
55.77 |
.. |
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R.Profit/Sales |
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0.59 |
0.61 |
0.58 |
.. |
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N.Profit/Sales |
0.49 |
0.40 |
0.23 |
0.46 |
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Return On Equity |
.. |
0.50 |
0.25 |
0.63 |
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Notes:
Forecast (or estimated) figures for the 29/02/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.51.72 |
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UK Pound |
1 |
Rs.81.42 |
|
Euro |
1 |
Rs.68.89 |
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.