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Report Date : |
19.11.2012 |
IDENTIFICATION DETAILS
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Name : |
TAKAGI CO LTD |
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Registered Office : |
330-2 Iwafune Nakano |
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Country : |
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Financials (as on) : |
29.02.2012 |
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Date of Incorporation : |
July 1962 |
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Legal Form : |
Limited Company |
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Line of Business : |
Real Estate Management |
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No. of Employees : |
01 employee |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
japan - ECONOMIC OVERVIEW
In the years following World War II, government-industry cooperation, a
strong work ethic, mastery of high technology, and a comparatively small
defense allocation (1% of GDP) helped Japan develop a technologically advanced
economy. Two notable characteristics of the post-war economy were the close
interlocking structures of manufacturers, suppliers, and distributors, known as
keiretsu, and the guarantee of lifetime employment for a substantial portion of
the urban labor force. Both features are now eroding under the dual pressures
of global competition and domestic demographic change. Japan's industrial
sector is heavily dependent on imported raw materials and fuels. A tiny
agricultural sector is highly subsidized and protected, with crop yields among
the highest in the world. Usually self-sufficient in rice, Japan imports about
60% of its food on a caloric basis. Japan maintains one of the world's largest
fishing fleets and accounts for nearly 15% of the global catch. For three decades,
overall real economic growth had been spectacular - a 10% average in the 1960s,
a 5% average in the 1970s, and a 4% average in the 1980s. Growth slowed
markedly in the 1990s, averaging just 1.7%, largely because of the after
effects of inefficient investment and an asset price bubble in the late 1980s
that required a protracted period of time for firms to reduce excess debt,
capital, and labor. Measured on a purchasing power parity (PPP) basis that
adjusts for price differences, Japan in 2011 stood as the fourth-largest
economy in the world after second-place China, which surpassed Japan in 2001,
and third-place India, which edged out Japan in 2011. A sharp downturn in
business investment and global demand for Japan's exports in late 2008 pushed
Japan further into recession. Government stimulus spending helped the economy
recover in late 2009 and 2010, but the economy contracted again in 2011 as the
massive 9.0 magnitude earthquake in March disrupted manufacturing. Electricity
supplies remain tight because Japan has temporarily shut down almost all of its
nuclear power plants after the Fukushima Daiichi nuclear reactors were crippled
by the earthquake and resulting tsunami. Estimates of the direct costs of the
damage - rebuilding homes, factories, and infrastructure - range from $235
billion to $310 billion, and GDP declined almost 0.5% in 2011. Prime Minister
Yoshihiko NODA has proposed opening the agricultural and services sectors to
greater foreign competition and boosting exports through membership in the
US-led Trans-Pacific Partnership trade talks and by pursuing free-trade
agreements with the EU and others, but debate continues on restructuring the
economy and reining in Japan's huge government debt, which exceeds 200% of GDP.
Persistent deflation, reliance on exports to drive growth, and an aging and
shrinking population are other major long-term challenges for the economy.
|
Source : CIA |
TAKAGI CO LTD
KK Takagi
330-2 Iwafune Nakano
Nagano-Pref 383-0041 JAPAN
Tel:
0269-22-4511 Fax: 0269-25-6321
URL: Nil
Real
estate management
Nil
KEIKO
TAKAGI, PES
Kazutoshi
Takagi, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 80 M
PAYMENTS Slow CAPITAL Yen 30 M
TREND STEADY WORTH Yen
205 M
STARTED 1962 EMPLOYES 1
REAL ESTATE MANAGEMENT COMPANY.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established by Takagi Seiko Co Ltd as its real
estate management company. Manages the
parent’s holding real estate.
Financials are only partially disclosed.
The sales volume for Feb/2012 fiscal term amounted to Yen 80 million, a
similar amount in the previous term.
Sales are steady. The net income
was posted at Yen 5 million, similarly in the previous term..
For the current term ending Feb 2013 the net profit is projected at Yen
5 million, respectively, on a similar turnover, at Yen 80 million
The financial situation is considered FAIR and good for ORDINARY
business engagements.
Date Registered: Jul 1962
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
240,000 shares
Issued:
60,000 shares
Sum: Yen 30 million
Major shareholders (%): Takagi Seiko Co Ltd* (100)
Mfr of molded products, Toyama, founded 1959, listed JASDAQ, capital Yen
2,083 million, sales Yen 83,004 million, net loss Yen 638 million, total assets
Yen 43,658 million, net worth Yen 11,658 million, employees 195, pres Chiaki
Kasai
Nothing detrimental is known as to the commercial morality of
executives.
Activities: Real estate
management company, owned by Takagi Seiko Co Ltd.
Clients: [Mfrs,
wholesalers] Takagi Seiko
No. of accounts: 1
Domestic areas of
activities: Centered in Nagano-Pref
Payment record: Slow
Location: Business area in
Nakano, Nagano-Pref. Office premises at the
caption address are owned and maintained satisfactorily.
Bank References:
Hachijuni
Bank (Nakano)
Nagano-Pref
Shinkin Bank (Nakano)
Relations:
Satisfactory
(In Million Yen)
|
|
|
28/02/2013 |
29/02//2012 |
28/02/2011 |
28/02/2010 |
|
Annual
Sales |
|
80 |
80 |
80 |
80 |
|
Recur.
Profit |
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|
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|
|
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Net
Profit |
|
5 |
5 |
5 |
5 |
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Total
Assets |
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|
N/A |
N/A |
N/A |
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Net
Worth |
|
|
205 |
200 |
195 |
|
Capital,
Paid-Up |
|
|
30 |
30 |
30 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
|
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
.. |
.. |
.. |
|
|
N.Profit/Sales |
6.25 |
6.25 |
6.25 |
6.25 |
|
Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 28/02/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.99 |
|
UK Pound |
1 |
Rs.87.21 |
|
Euro |
1 |
Rs.70.22 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.