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Report Date : |
02.06.2012 |
IDENTIFICATION DETAILS
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Name : |
TAKEMOTO OIL & FAT CO LTD |
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Registered Office : |
2-5 |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
June 1945 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer of sesame cooking oil, surfactants, chemical products, other |
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No. of Employees : |
520 |
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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Status : |
Good |
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Payment Behaviour : |
Regular |
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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) |
|
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 |
TAKEMOTO OIL & FAT CO LTD
REGD NAME: Takemoto
Yushi KK
MAIN OFFICE: 2-5
Minatomachi Gamagori City Aichi-Pref 443-0034
Tel:
0533-68-2111 Fax: 0533-68-1035
URL: http://www.takemoto.co.jp
E-Mail address: (thru the URL)
Mfg of sesame
cooking oil, surfactants, chemical products, other
Tokyo, Osaka,
Fukuoka
USA, India,
Taiwan, Korea, China (subsidiary makers)
Gamagori (4),
Ibaragi
MOTOYASU TAKEMOTO,
PRES
Shin’ichiro
Takemoto, s/mgn dir Makoto Takebe, s/mgn
dir
Toshio Yamamoto,
dir Satoshi Fujii, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 51,243 M
PAYMENTS REGULAR CAPITAL Yen
100 M
TREND STEADY WORTH Yen 48,807 M
STARTED 1945 EMPLOYES 520
MFR SPECIALIZING IN SESAME COOKING OIL AND OTHER INDUSTRIAL
CHEMICALS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
This is a time-honored chemical mfr
dating back to 1725 when Chozaburo Takemoto started an oil pressing business in
Mikawashima (now Aichi-Pref) for mg sesame oil and oilcake fertilizers, on his
own account. In 1935 Chozaburo Takemoto
VIII diversified into mfg surfactants for industrial use. Since then, the firm has grown into an
integrated fin chemical mfr by gradually shifting its mainline to mfg of
surfactant agent for use in synthetic fiber industry for preventing static
electricity. Based on its success the
range of applications has expanded to agrochemicals, construction and
electronic industries. The sesame
cooking oil division now account for 30% of the total sales, controlling just
around 30% of the domestic market share.
Operates subsidiary overseas factories in: USA, Taiwan, India, Korea,
and China. Exports are handled by
general trading houses.
The sales volume for Dec/2011 fiscal
term amounted to Yen 51,243 million, a 5% up from Yen 49,010 million in the
previous term. Demand for sesame cooking
oil rose for heath reasons. Exports
rose. The net profit was posted at Yen
1,077 million, compared with Yen 905 million a year ago.
For the current term ending Dec 2012
the net profit is projected at Yen 1,100 million, on a 2% rise in turnover, to
Yen 5,200 million.
The financial situation is considered FAIR
and good for ORDINARY business engagements.
Date Registered: Jun
1945
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 800,000 shares
Issued: 200,000 shares
Sum: Yen 100 million
Major
shareholders (%): Motoyasu Takemoto and families (--100)
No. of shareholders: 7
Nothing detrimental
is known as to the commercial morality of executives.
Activities: Manufactures
sesame cooking oil, sesame paste, coning oil, polymer, polyolefins,
polycarbonate, polylactic acid, polyester, surfactants, other for
fibers/construction/plastics/film/agriculture/electronic parts use (--100%)
Clients: [Mfrs,
wholesalers] Asahi Kasei Corp, Kanebo Ltd, Zen-Noh, Itochu Corp, Mitsubishi
Corp, Toray Ind, House Foods, Kuraray Ind, QP Corp, Suntory Ltd, other
No. of accounts:
500
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Mitsubishi Corp, Itochu Corp, Teijin Group, Sumitomo Corp, Sojitz
Corp, Mitsui & Co, Toyota Tsusho Corp, Nagase Corp, other
Payment record: Regular
Location: Business area in
Gamagori City, Aichi-Pref. Office
premises at the caption address are owned and maintained satisfactorily.
Bank References:
MUFG (Gamagori)
Relations:
Satisfactory
(In Million
Yen)
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31/12/2012 |
31/12/2011 |
31/12/2010 |
31/12/2009 |
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Annual
Sales |
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52,000 |
51,243 |
49,010 |
46,383 |
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Recur.
Profit |
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Net
Profit |
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1,100 |
1,077 |
905 |
1,060 |
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Total
Assets |
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N/A |
62,654 |
N/A |
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Net
Worth |
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48,807 |
48,053 |
47,420 |
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Capital,
Paid-Up |
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|
100 |
100 |
100 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
1.48 |
4.56 |
5.66 |
-2.75 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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.. |
76.70 |
.. |
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N.Profit/Sales |
2.12 |
2.10 |
1.85 |
2.29 |
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Notes: Financials
are only partially disclosed.
Forecast (or
estimated) figures for the 31/12/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.92 |
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|
1 |
Rs.86.03 |
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Euro |
1 |
Rs.69.13 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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 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.