MIRA INFORM REPORT

 

 

Report Date :

16.04.2012

 

IDENTIFICATION DETAILS

 

Name :

TAK CORPORATION

 

 

Registered Office :

4652-1 Komuro Inamachi Kita-Adachigun Saitama-Pref 362-0806

 

 

Country :

Japan

 

 

Financials (as on) :

31.08.2011

 

 

Date of Incorporation :

July 1994

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Wholesale of automotive parts

 

 

No. of Employees :

2

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

Yen 6.4 Million

Status :

Small Company

Payment Behaviour :

No Complaints

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)

Japan

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name and address

 

TAK CORPORATION

REGD NAME:    KK TAK Corporation

MAIN OFFICE:  4652-1 Komuro Inamachi Kita-Adachigun Saitama-Pref 362-0806 JAPAN

Tel: 048-723-7708     

Fax: 048-723-7774

                                               

URL:                 N/A

 

 

ACTIVITIES

 

Wholesale of automotive parts

 

BRANCHES   

 

Nil

 

 

OFFICERS

 

TAKAO OKADA, PRES                                                 

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY

 

FINANCES                    R/WEAK                       A/SALES          Yen 270 M

PAYMENTS      NO COMPLAINTS          CAPITAL           Yen 10 M

TREND             SLOW                          WORTH            Yen 21 M

STARTED                     1994                             EMPLOYES      2

 

 

COMMENT    

 

WHOLESALER OF AUTOMOTIVE PARTS.

FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS AND GOOD FOR CREDIT ENGAGEMENTS: US$250,000 / O/A 120 DAYS.

                       

MAX CREDIT LIMIT: YEN 6.4 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

            The subject company was established by Kunio Okada (now auditor) in order to make most of his experience in the subject line of business.  Takao is his son, who took the pres office in Jul 2004.  This is a family-based trading firm for wholesaling automotive parts: lights, radiators, other.  Clients are local automotive parts chain stores, other

 

 

FINANCIAL INFORMATION

           

            Financial are only partially disclosed as is the case with family-based companies.

 

The sales volume for Aug/2011 fiscal term amounted to Yen 270 million, an 8% up from Yen 250 million in the previous term.  Automobile production revived after being affected by the global economic downturn.  The net profit was posted at Yen 3 million, compared with Yen 2 million a year ago.

 

            For the current term ending Aug 2012 the net profit is projected at Yen 3 million, on a 4% rise in turnover, to Yen 280 million. 

 

The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements.  Max credit limit is estimated at Yen 6.4 million, on 30 days normal terms.  The proposed amount for 120 days term is considered well within the firm’s financial capacities.

 

 

REGISTRATION

 

Date Registered:  Jul 1994

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         800 shares

Issued:                200 shares

Sum:                   Yen 10 million

Major shareholders (%): Takao Okada (100)

 

Nothing detrimental is known as to his commercial morality.

 

 

OPERATION

           

Activities: Wholesales automotive parts: LED lights, radiators, other (--100%)

 

Clients: [Automotive parts chain stores, specialty stores] Autobacs Seven Co, Cores International Inc, other

No. of accounts: 50

Domestic areas of activities: Centered in the greater-Tokyo

Suppliers: Mfrs, wholesalers, other

 

Payment record: No Complaints

 

Location: Business area in Saitama-Pref.  Office premises at the caption address are leased and maintained satisfactorily.

 

Bank References:

Musashino Bank (Ageo)

Relations: Money deposits & transfers only

 

 

FINANCES

 (In Million Yen)

 

Terms Ending:

　

31/08/2012

31/08/2011

31/08/2010

31/08/2009

Annual Sales

　

280

270

250

230

Recur. Profit

　

　

　

　

　

Net Profit

　

3

3

2

1

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

21

18

16

Capital, Paid-Up

　

　

10

10

10

Div.P.Share(₯)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

3.70

8.00

8.70

-8.00

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

1.07

1.11

0.80

0.43

 

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 31/08/2012 fiscal term.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.42

UK Pound

1

Rs.81.93

Euro

1

Rs.67.67

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

--

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.