MIRA INFORM REPORT
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Report Date : |
29.10.2011 |
IDENTIFICATION DETAILS
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Name : |
TANAKA HOLDINGS CO LTD |
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Registered Office : |
Tokyo Bldg 22F, 2-7-3 Marunouchi Chiyodaku
Tokyo 100-0005 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
April 2010 |
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Com. Reg. No.: |
(Tokyo-Chiyodaku) 049328 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer of precious metal 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 103.3 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
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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
TANAKA HOLDINGS CO LTD
REGD NAME
Tanaka Holdings KK
MAIN OFFICE
Tokyo Bldg 22F,
2-7-3 Marunouchi Chiyodaku Tokyo 100-0005 JAPAN
Tel:
03-6311-5511 Fax: 03-6311-5509
E-Mail address: (thru the URL)
ACTIVITIES
Mfg of
precious metal products
BRANCHES
Osaka
OVERSEAS
China,
Taiwan
FACTORIES
Iwate,
Tsuruoka, Tomioka, Ichikawa, Sodegaura, Isehara, Hiratsuka (2)
OFFICERS
HIDEYA
OKAMOTO, PRES Yoshinori
Numai, v pres
Akira
Tanae, v pres Shiro
Yanagihara, v pres
Hiroshi
Yamashita, mgn dir Osamu
Ikeda, mgn dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES GOOD A/SALES Yen 7,999 M
PAYMENTS REGULAR CAPITAL Yen 500 M
TREND SLOW WORTH Yen
103,720 M
STARTED 2010 EMPLOYES 84
COMMENT
MFR OF PRECIOUS METAL PRODUCTS.
FINANCIAL SITUATION CONSIDERED GOOD AND RESPONSIBLE FOR
ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 103.3 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established originally in 1956 as Tanaka
Kikinzoku Kogyo KK for mfg precious metal products. In Apr 2010 the firm formed a holding company
and renamed as captioned. This is a
holding company of 8 Tanaka Kikinzoku (meaning precious metals) Kogyo Group
firms. This is a specialized mfg of
precious metal products for automobiles, electrical appliances, network
equipment, other (See OPERATION). Products are shipped to Tanaka Kikinzoku
Group firms for distribution, including overseas trading.
FINANCIAL INFORMATION
The sales volume for Mar/2011 fiscal term amounted to Yen 7,999 million,
a 98% down from Yen 305,666 million (belongs to Tanaka Kikinzoku Kogyo KK) in
the previous term. This is referred to
the said upgrading to a holding company, thereby dividing the business
operations into 8 group firms. The
recurring profit was posted at Yen 2,735 million and the net profit at Yen
4,459 million, respectively, compared with Yen 3,323 million recurring profit
and Yen 1,495 million net profit, respectively, a year ago. Posted extraordinary profits by the
reorganization benefits.
For the current term ending Mar 2012 the recurring profit is projected
at Yen 1,800 million and the net profit at Yen 440 million, respectively, on a
10% rise in turnover, to Yen 8,800 million.
Business is steadily expanding.
The financial situation is considered GOOD and responsible for ORDINARY
business engagements. Max credit limit
is estimated at Yen 103.3 million, on 30 days normal terms.
REGISTRATION
Date Registered: Apr 2010
Regd No.: (Tokyo-Chiyodaku) 049328
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
40,000 shares
Issued: 10,000 shares
Sum: Yen 500 million
Major shareholders (%): Wholly owned by the founder’s
families & Tanaka Kikinzoku Kogyo Group
firms
No. of shareholders: 176
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Manufactures
precious metal products (platinum, gold, silver, other) for automobile,
electrical appliances, network-related equipment, other (--100%).
(Mfg items): clad materials,
printed circuit board, rivet contacts, wire rod, rolled materials, precious
metals pipes, silver blazing alloys, electrical rivet contacts, platinum group
metals, catalysts, cross-bar contacts, materials for electric parts &
welded parts, gold/silver compounds, organic/inorganic materials &
catalysts, other
Clients: [Mfrs,
wholesalers] Tanaka Kikinzoku Kogyo KK, Tanaka Kikinzoku Sales, Tanaka
Kikinzoku International, Tanaka Electronic Ind, other (--all group firms)
No. of accounts:
Limited
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Wholly supplied from Tanaka Kikinzoku Kogyo Group firms.
Payment record: Regular
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
Mizuho
Corporate Bank (Ohtemachi)
MUFG
(Kyobashi)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
31/03/2012 |
31/03/2011 |
31/03/2010 |
31/03/2009 |
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Annual
Sales |
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8,800 |
7,999 |
305,666 |
828,950 |
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Recur.
Profit |
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1,800 |
2,735 |
3,323 |
11,980 |
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Net
Profit |
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440 |
4,459 |
1,495 |
1,532 |
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Total
Assets |
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167,019 |
147,982 |
165,936 |
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Current
Assets |
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54,397 |
47,161 |
110,518 |
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Current
Liabs |
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43,141 |
35,664 |
55,267 |
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Net
Worth |
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103,720 |
98,479 |
97,073 |
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Capital,
Paid-Up |
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75 |
500 |
500 |
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Div.Ttl
in Million (¥) |
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116 |
75 |
75 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
10.01 |
-97.38 |
-63.13 |
-10.45 |
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Current Ratio |
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.. |
126.09 |
132.24 |
199.97 |
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N.Worth Ratio |
.. |
62.10 |
66.55 |
58.50 |
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R.Profit/Sales |
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20.45 |
34.19 |
1.09 |
1.45 |
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N.Profit/Sales |
5.00 |
55.74 |
0.49 |
0.18 |
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Return On Equity |
.. |
4.30 |
1.52 |
1.58 |
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Notes:
Forecast (or estimated) figures for the 31/03/2012 fiscal term.
DETAILED FINANCIALS
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FINANCES: (Consolidated
in million yen) |
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Terms Ending: |
31/03/2011 |
31/03/2010 |
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INCOME STATEMENT |
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Annual Sales |
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7,999 |
305,666 |
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Cost of Sales |
1,815 |
294,268 |
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GROSS PROFIT |
6,184 |
11,397 |
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Selling & Adm Costs |
3,785 |
9,778 |
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OPERATING PROFIT |
2,398 |
1,619 |
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Non-Operating P/L |
336 |
1,703 |
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RECURRING PROFIT |
2,734 |
3,322 |
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NET PROFIT |
4,459 |
1,495 |
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BALANCE SHEET |
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Cash |
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3,785 |
5,722 |
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Receivables |
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545 |
284 |
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Inventory |
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Securities, Marketable |
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Other Current Assets |
50,067 |
41,154 |
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TOTAL CURRENT ASSETS |
54,397 |
47,160 |
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Property & Equipment |
23,001 |
23,740 |
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Intangibles |
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1,308 |
508 |
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Investments, Other Fixed Assets |
88,312 |
76,573 |
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TOTAL ASSETS |
167,018 |
147,981 |
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Payables |
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2,700 |
2,228 |
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Short-Term Bank Loans |
39,266 |
32,826 |
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Other Current Liabs |
1,175 |
609 |
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TOTAL CURRENT LIABS |
43,141 |
35,663 |
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Debentures |
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6,350 |
1,000 |
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Long-Term Bank Loans |
10,430 |
11,250 |
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Reserve for Retirement Allw |
2,202 |
1,444 |
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Other Debts |
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1,176 |
145 |
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TOTAL LIABILITIES |
63,299 |
49,502 |
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MINORITY INTERESTS |
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Common
stock |
500 |
500 |
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Additional
paid-in capital |
8,628 |
7 |
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Retained
earnings |
101,833 |
97,378 |
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Evaluation
p/l on investments/securities |
278 |
593 |
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Others |
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0 |
1 |
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Treasury
stock, at cost |
(7,520) |
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TOTAL S/HOLDERS` EQUITY |
103,719 |
98,479 |
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TOTAL EQUITIES |
167,018 |
147,981 |
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ANALYTICAL RATIOS Terms ending: |
31/03/2011 |
31/03/2010 |
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Net
Worth (S/Holders' Equity) |
103,719 |
98,479 |
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Current
Ratio (%) |
126.09 |
132.24 |
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Net
Worth Ratio (%) |
62.10 |
66.55 |
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Recurring
Profit Ratio (%) |
34.18 |
1.09 |
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Net
Profit Ratio (%) |
55.74 |
0.49 |
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Return
On Equity (%) |
4.30 |
1.52 |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.82 |
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UK Pound |
1 |
Rs.78.57 |
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Euro |
1 |
Rs.69.29 |
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 |
---- |
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.