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Report Date : |
13.04.2012 |
IDENTIFICATION DETAILS
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Name : |
TAKISADA-OSAKA CO LTD |
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Registered Office : |
2-3-6 Bingomachi Chuoku |
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Country : |
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Financials (as on) : |
31.01.2011 |
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Date of Incorporation : |
August 2001 |
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Com. Reg. No.: |
1200-01-099371 (Osaka-Chuoku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, export, wholesale of textiles & products |
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No. of Employees : |
720 |
RATING & COMMENTS
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MIRAs 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 3,406.0 Million |
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Status : |
Good |
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Payment Behaviour : |
No Complaints |
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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, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
TAKISADA-OSAKA CO LTD
REGD NAME: Takisada Osaka KK
MAIN OFFICE: 2-3-6
Bingomachi Chuoku
Tel: 06-6262-1205 Fax: 06-6261-4327
URL: http://www.takisada-osaka.co.jp/
E-Mail address: info@takisada-osaka.co.jp
Import, export,
wholesale of textiles & products
Tokyo, Nagoya,
Gifu
Shanghai, New York
RYUTA TAKI, PRES Osamu Ogawa, s/mgn dir
Mitsuo Matsumoto, dir Naoto Taki,
dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen
69,020 M
PAYMENTS NO COMPLAINTS CAPITAL Yen
1,500 M
TREND STEADY WORTH Yen
51,303 M
STARTED 2001 EMPLOYES 720
TRADING HOUSE SPECIALIZING IN TEXTILES & PRODUCTS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS
MAX CREDIT LIMIT: YEN 3,406.0 MILLION, 30
DAYS NORMAL TERMS.
The subject
company was established originally in 1864 by a certain Taki
as a textile merchant, on his account.
Incorporated in 1940, the firm has been succeeded by his
descendants. In Aug 2001, the firm split
into two entities: Takisada-Osaka Co Ltd (ex Takisada Osaka Headquarters) and Takisada-Nagoya
Co Ltd (ex Takisada Nagoya Headquarters). This is a trading house specializing in
textiles and their products. Boasts the
top-ranked position in sales of textiles & products. Goods are both imported and exported. Clients are major apparel mfrs, wholesalers,
chain stores, specialty stores, etc, nationwide.
The sales volume for Jan/2011 fiscal term
amounted to Yen 69,020 million, a 3% up from Yen 66,826 million in the previous
term. Sales revived. Exports into and from China increased. The recurring profit was posted at Yen 2,875
million and the net profit at Yen 218 million, respectively, compared with Yen
2,944 million recurring profit and Yen 535 million net profit, respectively, a
year ago.
For the term that
ended Jan 2012 the recurring profit was projected at Yen 2,900 million and the
net profit at Yen 230 million, respectively, on a 3% rise turnover, to Yen
71,000 million. Final results are yet to
be released.
The financial
situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 3,406.0
million, on normal terms.
Date Registered:
Aug 2001
Regd No.: 1200-01-099371 (Osaka-Chuoku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 1.2 million shares
Issued:
300,000 shares
Sum: Yen 1,500 million
Major
shareholders (%): Majority owned by Takisada families &
relatives (Breakdown details unavailable)
No. of
shareholders: 92
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Trading house for
import, export and wholesale of textile fabrics, piece goods for women (68.1%),
for men (7.7%), womens clothing & clothing accessories (13.4%), bed
clothes, beddings, night clothes, interior accessories (4.9%), wool, silk
cloths, other textile materials (5.9%).
(Import/export 10%).
Clients:
[Apparel
mfrs, wholesalers] Onward Kashiyama, World Co, Itokin,
Sanyei International, other.
Exports to Europe, USA, China, other S/E
Asian countries, etc (8.5%).
No. of accounts:
(Wholesalers) 2,000, (Apparel makers) 700
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Teijin Ltd, Toray Ind, Nisshinbo,
Toyobo, Kuraray, Mitsubishi rayon, Fujibo Ltd,
Unitika, Asahi Kasei, Kanebo Ltd, other.
Imports from Europe, USA, China, other S/E
Asian countries.
Payment record: No Complaints
Location: Business area in
Osaka. Office premises at the caption
address are owned and maintained satisfactorily.
Bank
References:
MUFG (Kawaramachi)
Mizuho Bank (Semba)
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
31/01/2012 |
31/01/2011 |
31/01/2010 |
31/01/2009 |
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Annual
Sales |
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71,000 |
69,020 |
66,876 |
78,600 |
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Recur.
Profit |
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2,900 |
2,875 |
2,944 |
3,305 |
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Net
Profit |
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230 |
218 |
535 |
852 |
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Total
Assets |
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74,150 |
73,623 |
80,417 |
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Current
Assets |
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48,668 |
51,732 |
58,289 |
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Current
Liabs |
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21,602 |
21,176 |
27,750 |
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Net
Worth |
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51,303 |
51,234 |
50,999 |
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Capital,
Paid-Up |
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1,500 |
1,500 |
1,500 |
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Div.P.Share(₯) |
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5,000.00 |
5.000.00 |
10,000.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
2.87 |
3.21 |
-14.92 |
-8.08 |
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Current Ratio |
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.. |
225.29 |
244.30 |
210.05 |
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N.Worth Ratio |
.. |
69.19 |
69.59 |
63.42 |
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R.Profit/Sales |
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4.08 |
4.17 |
4.40 |
4.20 |
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N.Profit/Sales |
0.32 |
0.32 |
0.80 |
1.08 |
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Return On Equity |
.. |
0.42 |
1.04 |
1.67 |
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Notes: Forecast (or
estimated) figures for the 31/01/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.51.44 |
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|
1 |
Rs.81.96 |
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Euro |
1 |
Rs.67.60 |
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 SCs 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.