MIRA INFORM REPORT
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Report Date : |
16.09.2011 |
IDENTIFICATION DETAILS
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Name : |
TAMAKI SANGYO CO LTD |
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Registered Office : |
Osaka-Ekimae No.3 Bldg 24F, 1-1-3 Umeda
Kitaku Osaka 530-0001 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
April 1973 |
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Legal Form : |
Limited Company |
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Line of Business : |
Export, import
of iron & steel 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 145.2 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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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
TAMAKI SANGYO CO
LTD
REGD NAME
Tamaki Sangyo KK
MAIN OFFICE
Osaka-Ekimae No.3 Bldg
24F, 1-1-3 Umeda Kitaku Osaka 530-0001 JAPAN
Tel:
06-6341-7548 Fax: 06-6343-1927
URL: N/A
ACTIVITIES
Export,
import of iron & steel products
BRANCHES
Nil
OFFICERS
TAKEHIKO
OKAMOTO, PRES
Kenji
Nishijima, mgn dir
Norio
Takano, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 3,342 M
PAYMENTS REGULAR CAPITAL Yen 32 M
TREND STEADY WORTH Yen 782 M
STARTED 1973 EMPLOYES 11
COMMENT
TRADING FIRM SPECIALIZING IN EXPORT OF IRON/STEEL PRODUCTS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 145.2 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by father of Takehiko Okamoto in order to make most of his experience in the subject line of business. Takehiko took the pres office in Apr 2008. This is a trading firm, owned & operated by the Okamoto family, specializing in export of iron & steel products. Goods are exported mainly to S/E Asian countries.
FINANCIAL INFORMATION
The sales volume for Mar/2011 fiscal term amounted to Yen 3,342 million, a 37% up from Yen 2,439 million in the previous term. Exports expanded into China and other S/E Asian countries. Volume of sales compensated for the loss from high Yen. The recurring profit was posted at Yen 180 million and the net profit at Yen 98 million, compared with Yen 100 million recurring profit and Yen 54 million net profit, respectively, a year ago.
For the current term ending Mar 2012 the recurring profit is projected at Yen 190 million and the net profit at Yen 100 million, respectively, on a 5% rise in turnover, to Yen 3,500 million. Exports continue expanding.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 145.2 million, on 30 days normal terms.
REGISTRATION
Date Registered: Apr 1973
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
256,000 shares
Issued:
64,000 shares
Sum: Yen 32 million
Major shareholders (%): Takehiko Okamoto (41.3), Taku
Okamoto (35.9), Nobuko Okamoto (6.3), Kenji Nishijima (1.6)
No. of shareholders: 10
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Exports, imports and wholesales iron & steel products (--100%)
Clients: [Mfrs, wholesalers] Exports to India, Korea, Indonesia, China, Taiwan, Thailand, other. Domestic clients: Hagihara Ind Inc, Teramoto Sharing Co, Sakakura Sharing Co, Koyo Sharing Co, other
No. of accounts: 300
Domestic areas of activities: Centered in greater-Osaka
Suppliers: [Mfrs, wholesalers] JFE Electrical Steel Co, Daewoo Japan, Naigai Steel Co, Teramoto Sangyo Co, JFE Steel Trade Corp, Sumikin Bussan Corp, Sakai Kouhan Co, Onoken Co, other
Payment record: Regular
Location: Business area in Osaka. Office premises at the caption address are leased and maintained satisfactorily.
Bank References:
· Amagasaki Shinkin Bank (Osaka)
· MUFG (Osaka-Ekimae)
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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3,500 |
3,342 |
2,439 |
2,739 |
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Recur.
Profit |
|
190 |
180 |
100 |
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Net
Profit |
|
100 |
98 |
54 |
92 |
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Total
Assets |
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1,382 |
1,121 |
1,127 |
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Current
Assets |
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1,196 |
941 |
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Current
Liabs |
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|
598 |
424 |
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Net
Worth |
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|
782 |
693 |
654 |
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Capital,
Paid-Up |
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|
32 |
32 |
32 |
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Div.P.Share(¥) |
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150.00 |
250.00 |
500.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
4.73 |
37.02 |
-10.95 |
16.36 |
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Current Ratio |
|
.. |
200.00 |
221.93 |
.. |
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N.Worth Ratio |
.. |
56.58 |
61.82 |
58.03 |
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R.Profit/Sales |
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5.43 |
5.39 |
4.10 |
.. |
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N.Profit/Sales |
2.86 |
2.93 |
2.21 |
3.36 |
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Return On Equity |
.. |
12.53 |
7.79 |
14.07 |
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Notes:
Forecast (or estimated) figures for the 31/03/2012 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.47.84 |
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UK Pound |
1 |
Rs.75.40 |
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Euro |
1 |
Rs.65.68 |
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.