MIRA
INFORM REPORT
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Report Date : |
31.10.2011 |
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Tel. No.: |
075 365-0123 |
IDENTIFICATION DETAILS
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Name : |
TAKII & CO LTD |
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Registered Office : |
188 Inokuma-Higashi-Iru Umekoji-dori Shimogyoku Kyoto 600-86866 |
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Country : |
Japan |
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Financials (as on) : |
30.04.2011 |
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Year of Establishment : |
May 1920 |
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Com. Reg. No.: |
(Kyoto-Shimogyoku) 017950 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer of seeds, seedlings, bulbs, gardening materials, fertilizer |
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 2,391.0 Million |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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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
TAKII & CO LTD
REGD NAME: Takii
Shubyo KK (shubyo means seeds & seedlings)
MAIN OFFICE: 188
Inokuma-Higashi-Iru Umekoji-dori Shimogyoku Kyoto 600-86866 JAPAN
Tel: 075-365-0123 Fax: 075-365-0150
URL: http//:www.takii.co.jp
E-mail: (thru the URL)
ACTIVITIES
Mfg of seeds,
seedlings, bulbs, gardening materials, fertilizer
OVERSEAM
USA, Brazil,
Chile, France, India, Indonesia, Thailand, China, Korea
(--subsidiaries)
FACTORIES
Hokkaido, Ibaraki,
Nagano, Shiga, Wakayama (--farms)
OFFICER(S)
DENICHI TAKII,
PRES Osamu Takii, mgn dir
Kazuo Hatsuta, mgn dir Atsushi Sumida, mgn dir
Tatsuya Takahashi, dir Ryoji Kawamura, dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 43,649 M
PAYMENTS REGULAR CAPITAL Yen 200 M
TREND STEADY WORTH Yen
106,438 M
STARTED 1920 EMPLOYES 742
COMMENT
MFR OF SEEDS &
SEEDLINGS, BULBS, GARDENING MATERIALS
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS
MAX CREDIT LIMIT:
YEN 2,391.0 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
This a leading mfr of seeds &
seedling, bulbs, gardening material, and the related. Owns 5 farms in Japan. Overseas operates 10 subsidiaries. Products are widely exported thru these subsidiary
firms. Owned by the Takii family. Aggressively expanding into China and other
S/E Asian markets.
FINANCIAL INFORMATION
The sales volume for Apr/2011 fiscal
term amounted to Yen 43,649 million, a 3% up from Yen 42,454 million in the
previous term. The recurring profit was
posted at Yen 5,388 million and net profit at Yen 3,323 million, respectively,
compared with Yen 5,697 million recurring profit and Yen 3,349 million net
profit, respectively, a year ago.. .
For the current term ending Apr 2012 the
recurring profit is projected at Yen 5,400 and the net profit at Yen 3,500
million, respectively, on a 5% rise in turnover, to Yen 45,800 million. Vegetable seeds, including tomatoes, and
gardening materials are steadily expanding.
In Europe vegetable seeds, including broccoli, faring well. Foreign exchange losses may surface.
The financial situation is
considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 12,391.0
million, on 30 days normal terms.
REGISTRATION
Date Registered: May
1920
Regd No.:
(Kyoto-Shimogyoku) 017950
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 16
million shares
Issued: 4 million shares
Sum: Yen
200 million
Major
shareholders (%): Employees’ S/Holding Assoc (13.6), Seiryo Royal Bldg* (8.5), TS Shoji*
(3.6). * Owned by Takii group.
No. of shareholders: 821
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Manufactures
seeds & seedlings for vegetables, buffalo grass, flowers, bulbs, gardening
materials, fertilizer, offers landscape construction, other (--100%).
Clients:[Farms, seeds
& seedling wholesalers]: Zen-Noh Corp; exports to USA, Europe, other
No. of accounts: 2,000 – 3,000
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Mitsubishi Corp, Sekisui Jushi Corp, Okamoto, other
Payment record: Regular
Location: Business area in
Kyoto. Office premises at the caption
address are owned and maintained satisfactorily.
Bank References: MUFG (Kyoto-chuo)
Bank of
Kyoto (H/O)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
30/04/2012 |
30/04/2011 |
30/04/2010 |
30/04/2009 |
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Annual
Sales |
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45,800 |
43,649 |
42,454 |
41,153 |
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Recur.
Profit |
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5,400 |
5,388 |
5,697 |
5,325 |
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Net
Profit |
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3,500 |
3,323 |
3,345 |
3,258 |
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Total
Assets |
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118,933 |
115,207 |
111,207 |
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Current
Assets |
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63,614 |
61,565 |
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Current
Liabs |
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11,269 |
10,587 |
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Net
Worth |
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106,438 |
103,415 |
100,350 |
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Capital,
Paid-Up |
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200 |
200 |
200 |
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Div.P.Share(¥) |
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70.00 |
75.00 |
70.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
4.93 |
2.81 |
3.16 |
478.24 |
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Current Ratio |
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.. |
564.50 |
581.52 |
.. |
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N.Worth Ratio |
.. |
89.49 |
89.76 |
90.24 |
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R.Profit/Sales |
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11.79 |
12.34 |
13.42 |
12.94 |
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N.Profit/Sales |
7.64 |
7.61 |
7.88 |
7.92 |
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Return On Equity |
.. |
3.12 |
3.23 |
3.25 |
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Notes: Forecast
(or estimated) figures for the 30/04/2012 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.48.82 |
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1 |
Rs.78.57 |
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Euro |
1 |
Rs.69.28 |
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.