MIRA INFORM REPORT

 

 

Report Date :           

09.02.2012

 

IDENTIFICATION DETAILS

 

Correct Name :

TAKEKUCHI SHOTEN CO LTD

 

 

Registered Office :

1-6-13 Toyooka Fukui 910-0027

 

 

Country :

Japan

 

 

Financials (as on) :

30.04.2011

 

 

Date of Incorporation :

May 1990

 

 

Com. Reg. No.:

(Fukui-Fukui) 002322

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, export, wholesale of clothing, textiles, used clothing

 

 

No. of Employees :

10

 

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 10.9 Million

 

 

Status :

Small Company

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

 

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 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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

 

TAKEKUCHI SHOTEN CO LTD

 

 

REGD NAME 

 

KK Takeuchi Shoten

 

 

MAIN OFFICE

 

1-6-13 Toyooka Fukui 910-0027 JAPAN

Tel: 0776-26-0761      Fax: 0776-27-0761

                                               

URL:                             http://www.takeuchi-shoten.com

E-Mail address:                        info@takeuchi-shoten.com

 

 

ACTIVITIES

 

Import, export, wholesale of clothing, textiles, used clothing

 

BRANCHES   

 

Tokyo

 

 

OVERSEAS

 

USA

 

 

OFFICERS

 

HIROYUKI TAKEUCHI, PRES

Hisako Takeuchi, dir

Akiko Takeuchi, dir                                                       

 

Yen Amount:     In million Yen, unless otherwise stated

 

SUMMARY

 

FINANCES                    FAIR                             A/SALES          Yen 600 M

PAYMENTS      No Complaints          CAPITAL           Yen 10 M

TREND             SLOW                          WORTH            Yen 39 M

STARTED                     1990                             EMPLOYES      10

 

 

COMMENT

 

TRADING FIRM SPECIALIZING IN CLOTHING & TEXTILES.

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

 

MAX CREDIT LIMIT: YEN 10.9 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

The subject company was established by Hiroyuki Takeuchi in order to make most of his experience in the subject line of business.  This is a family-based trading firm specializing in import, export and wholesale of clothing, clothing accessories, textiles, fur, used clothing, other.  Has a sales office in USA.  Clients include department stores.

 

 

FINANCIAL INFORMATION

           

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

 

The sales volume for Apr/2011 fiscal term amounted to Yen 600 million, a 3% down from Yen 620 million in the previous term.  High Yen hurt exports, decreasing earnings & profits in Yen terms.  The net profit was posted at Yen 3 million, similarly in the previous period.

 

For the current term ending Apr 2012 the net profit is projected at Yen 4 million, on a 3% rise in turnover, to Yen 620 million. 

 

The financial situation is considered maintained FAIR and good for ORDINARY business engagements.  Max credit limit is estimated at Yen 10.9 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:  May 1990

Regd No.:         (Fukui-Fukui) 002322

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         800 shares

Issued:               200 shares

Sum:                   Yen 10 million

Major shareholders (%): Hiroyuki Takeuchi (95), and families (--5)

No. of shareholders: 5

 

Nothing detrimental is known as to the commercial morality of executives.

 

 

OPERATION

           

Activities: Imports, exports and wholesales clothing, clothing accessories, textiles, fur, used clothing, other (--100%)

 

Clients: [Mfrs, wholesalers] Isetan, Marui Corp, other

            No. of accounts: 200

            Domestic areas of activities: Centered in Fukui-Pref

Suppliers: [Mfrs, wholesalers] Takeuchi USA, Mitsuboshi Boeki, Sanada Shoten, other

 

Payment record: No Complaints

 

Location: Business area in Fukui.  Office premises at the caption address are owned and maintained satisfactorily.

 

Bank References:

·         Fukui Shinkin Bank (H/O)

·         Hokuriku Bank (Fukui)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

Terms Ending:

　

30/04/2012

30/04/2011

30/04/2010

30/04/2009

Annual Sales

　

620

600

621

581

Recur. Profit

　

　

　

　

　

Net Profit

　

4

3

3

1

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

39

36

33

Capital, Paid-Up

　

　

10

10

10

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

3.33

-3.38

6.88

-3.17

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

0.65

0.50

0.48

0.17

 

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 30/04/2012 fiscal term.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.07

UK Pound

1

Rs.78.09

Euro

1

Rs.65.15

 

 

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.