MIRA INFORM REPORT
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Report Date : |
14.03.2012 |
IDENTIFICATION DETAILS
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Name : |
TAKAROKU SHOJI CO LTD |
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Registered Office : |
Station Port Tower 6F, 2-20-1 Nishinippori
Arakawaku Tokyo 116-8556 |
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Country : |
Japan |
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Financials (as on) : |
30.04.2011 |
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Date of Incorporation : |
September 1964 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, export
of synthetic resin materials & products |
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No. of Employees
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118 |
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 72.5 Million |
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Status : |
Satisfactory |
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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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
TAKAROKU SHOJI CO LTD
Takaroku Shoji KK
Station Port Tower
6F, 2-20-1 Nishinippori Arakawaku Tokyo 116-8556 JAPAN
Tel:
03-6740-2311 Fax: 03-6740-2324
URL: http://www.takaroku.co.jp
E-Mail address: info@takaroku.co.jp
Import,
export of synthetic resin materials & products
Osaka,
Kawaguchi, Kazo, Machida
China
(2), India, Hong Kong
Saitama
(Processing yard)
GENSAKU
TAKAHASHI, PRES Hidehiro Sano, s/mgn dir
Masa
Saito, mgn dir Koichiro
Okada, dir
Satoshi
Matsubara, dir Yoshio
Uemura, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 10,576 M
PAYMENTS No Complaints CAPITAL Yen
95 M
TREND STEADY WORTH Yen
709 M
STARTED 1964 EMPLOYES 118
TRADING FIRM SPECIALIZING IN SYNTHETIC RESINS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 72.5 MILLION, 30 DAYS NORMAL TERMS
The subject company was established by father of Gensaku Takahashi in
order to make most of his experience in the subject line of business. This is a trading firm, with mfg division,
for import, export and wholesale of synthetic resin materials and products. Also handles recycled plastic products. Operates 4 overseas subsidiaries: China (2),
India, and Hong Kong. Clients include
major chemical products makers, other.
The sales volume for Apr/2011 fiscal term amounted to Yen 10,576
million, a 21% up from Yen 8,715 million in the previous term. Materials price-ups contributed. Exports rose.
The recurring profit was posted at Yen 108 million and the net profit at
Yen 66 million, respectively, compared with Yen 71 million recurring profit and
Yen 47 million net profit, respectively, a year ago.
For the current term ending Apr 2012 the recurring profit is projected
at Yen 115 million and the net profit at Yen 70 million, respectively, on a 5%
rise in turnover, to Yen 11,100 million.
Exports continue rising and robust.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 72.5 million, on 30 days normal terms.
Date Registered: Sept 1964
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
760,000 shares
Issued: 190,000 shares
Sum: Yen 95 million
Major shareholders (%): Gensaku Takahashi (55), Noboru
Takahashi (16), Masa Saito (6), Hidehiro Sano (3)
No. of shareholders: 18
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports, exports
and wholesales synthetic resin materials & products, recycled resin
products; products being processed at its own yards (Saitama & China) (--100%)
Clients: [Mfrs,
wholesalers] Fujitsu Ltd, Chuo Kagaku, Tombow Pencil, Furukawa Electric Ind,
Riken Technos, Mitsuboshi Belding Ltd, FP Corp, other
No. of accounts: 300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs, wholesalers]
Mitsubishi Corp, Mitsui & Co, Sumitomo Chemical Ind, Toshiba Machinery,
Keiyo Polyethylene, Itochu Corp, Inabata & Co, other
Payment record: No Complaints
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
Takinogawa
Shinkin Bank (H/O)
MUFG
(Mikawashima)
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
30/04/2012 |
30/04/2011 |
30/04/2010 |
30/04/2009 |
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Annual
Sales |
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11,100 |
10,576 |
8,715 |
12,097 |
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Recur.
Profit |
|
115 |
108 |
71 |
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Net
Profit |
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70 |
66 |
47 |
29 |
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Total
Assets |
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8,217 |
7,181 |
7,348 |
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Current
Assets |
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3,614 |
2,978 |
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Current
Liabs |
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3,637 |
3,026 |
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Net
Worth |
|
|
709 |
649 |
622 |
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Capital,
Paid-Up |
|
|
95 |
95 |
95 |
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Div.Ttl
in Mill(¥) |
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|
6340 |
6340 |
7440 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
4.95 |
21.35 |
-27.96 |
-27.17 |
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Current Ratio |
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.. |
99.37 |
98.41 |
.. |
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N.Worth Ratio |
.. |
8.63 |
9.04 |
8.46 |
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R.Profit/Sales |
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1.04 |
1.02 |
0.81 |
.. |
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N.Profit/Sales |
0.63 |
0.62 |
0.54 |
0.24 |
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Return On Equity |
.. |
9.31 |
7.24 |
4.66 |
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Notes:
Forecast (or estimated) figures for the 30/04/2012 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.49.85 |
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UK Pound |
1 |
Rs.77.97 |
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Euro |
1 |
Rs.65.62 |
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.