MIRA INFORM REPORT
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Report Date : |
19.09.2011 |
IDENTIFICATION DETAILS
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Name : |
TAISEI TRADING CO LTD |
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Registered Office : |
Mitsui Life Insurance Bldg 4F, 119 Itocho
Chuoku Kobe 650-0032 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
October 1970 |
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Legal Form : |
Limited Company |
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Line of Business : |
Export of industrial machinery & parts |
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 53.1 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
TAISEI TRADING CO LTD
REGD NAME
Taisei Boeki KK
MAIN OFFICE
Mitsui Life
Insurance Bldg 4F, 119 Itocho Chuoku Kobe 650-0032 JAPAN
Tel:
078-331-2882 Fax: 078-331-0515
URL: http://www.taisei-kobe.co.jp
E-Mail address: (thru the URL)
ACTIVITIES
Export of industrial machinery & parts
BRANCHES
Nil
OVERSEAS
Thailand,
Malaysia, Indonesia, Singapore
OFFICERS
KAZUYUKI
MAENAKA, PRES
Ryo
Akizuki, mgn dir
Hajime
Matsuda, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 4,675 M
PAYMENTS REGULAR CAPITAL Yen 40 M
TREND STEADY WORTH Yen
493 M
STARTED 1970 EMPLOYES 22
COMMENT
EXPORTER OF INDUSTRIAL MACHINERY & PARTS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 53.1 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Kazuyuki Maenaka in order to make
most of his experience in the subject line of business. This firm specializes in exporting industrial
machinery & parts (See OPERATION). Goods are exported to USA, EU, Asia, other. Operates 4 overseas offices: Singapore,
Thailand, Indonesia and Malaysia.
FINANCIAL INFORMATION
The sales volume for Mar/2011 fiscal term amounted to Yen 4,675 million,
an 11% up from Yen 4,202 million in the previous term. Demand for agricultural machinery & parts
increased. The recurring profit was
posted at Yen 61 million and the net profit at Yen 51 million, respectively,
compared with Yen 69 million recurring profit and Yen 43 million net profit,
respectively, a year ago.
For the current term ending Mar 2012 the recurring profit is projected
at Yen 65 million and the net profit at Yen 55 million, respectively, on a 7%
rise in turnover, to Yen 5,000 million.
Business is seen steadily expanding.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 53.1 million, on 30 days normal terms.
REGISTRATION
Date Registered: Oct 1970
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
320,000 shares
Issued: 80,000 shares
Sum: Yen 40 million
Major shareholders (%): Kazuyuki Maenaka (28), Ryo
Akizuki (28), Hajime Matsuda (10)
No. of shareholders: 8
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Exports industrial
machinery & parts (--100%)
(Handling Items): Gardening &
Agricultural Machinery, Gasoline & Diesel Engine Generator & Welder,
Pumps (Engine Pump & Submersible Pump, Motor Pump and “TOHATSU” Fire
Fighting Pump), Material Handling (Fork Lift, Pallet Truck, Stacker, Chain
Hoist, Lever Hoist, Electric Winch, Wire Rope Winch, Hand Truck), Electric
& Pneumatic Tools (Impact Wrench, Grinder, Sander, Spray Gun), Ferrous
& Non-Ferrous Materials & Products, Power Transmission Products (Roller
Chain & Conveyor Chain, Bearing, Motor Pulley, Motor Roller), Caster (Light
Duty Caster, Medium Duty Caster, Heavy Duty Caster, Specialty Caster, Floor
Lock), Cutting & Grinding Wheel, Hoses (PVC Layflat Water Delivery Hose,
Rubber industrial hose), Plastic Sheet, Plate & Rod, Filter
Material/Non-Woven Fabric, Rubber Products, other.
Clients: [Mfrs,
wholesalers] Exports to S/E Asia, Mid East, Europe, USA, Australia, other
No. of accounts:
Unavailable
Domestic areas of
activities: Centered in greater-Osaka
Suppliers: [Mfrs,
wholesalers ] Kawasaki Heavy Ind, Tokyo TCM, Mitsubishi Heavy Ind, Takiron Co
Ltd, TOHATSU Co, Fuji Electric Ind, Vital Inc, MonotaRO Co, CAAZ Corp, other
Payment record: Regular
Location: Business area in
Kobe. Office premises at the caption address
are leased and maintained satisfactorily.
Bank References:
·
MUFG (Kobe-Chuo)
·
Mizuho Bank (Kobe)
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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5,000 |
4,675 |
4,202 |
5,560 |
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Recur.
Profit |
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65 |
61 |
69 |
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Net
Profit |
|
55 |
51 |
43 |
50 |
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Total
Assets |
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3,619 |
3,331 |
1,855 |
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Current
Assets |
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3,459 |
3,178 |
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Current
Liabs |
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3,107 |
2,863 |
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Net
Worth |
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493 |
447 |
412 |
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Capital,
Paid-Up |
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40 |
40 |
40 |
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Div.P.Share(¥) |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
6.95 |
11.26 |
-24.42 |
5.97 |
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Current Ratio |
|
.. |
111.33 |
111.00 |
.. |
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N.Worth Ratio |
.. |
13.62 |
13.42 |
22.21 |
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R.Profit/Sales |
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1.30 |
1.30 |
1.64 |
.. |
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N.Profit/Sales |
1.10 |
1.09 |
1.02 |
0.90 |
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Return On Equity |
.. |
10.34 |
9.62 |
12.14 |
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Notes:
Forecast (or estimated) figures for the 31/03/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.47.47 |
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UK Pound |
1 |
Rs.74.96 |
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Euro |
1 |
Rs.65.79 |
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.