MIRA INFORM REPORT

 

 

Report Date :

06.11.2013

 

IDENTIFICATION DETAILS

 

Name :

TAKAHASHI BUSSHO CO LTD

 

 

Registered Office :

1-6-31 Meisei Nishiku Nagoya 451-0064

 

 

Country :

Japan

 

 

Financials (as on) :

30.11.2012

 

 

Date of Incorporation :

Nov., 1953

 

 

Com. Reg. No.:

1800-01-026076 (Nagoya-Nishiku)

 

 

Legal Form :

Limited Company (Kabushiki Kaisha)

 

 

Line of Business :

Import, wholesale and export of sugar, corn starch, glucose, other.

 

 

No. of Employees :

29

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

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

Satisfactory

 

COMPANY NAME

 

TAKAHASHI BUSSHO CO LTD

 

 

REGD NAME

 

Takahashi Bussho KK

 

 

MAIN OFFICE: 

 

1-6-31 Meisei Nishiku Nagoya 451-0064 JAPAN

Tel: 052-521-6495     

Fax: 052-524-0863

URL:                             http://www.takahashibushsho.co.jp

E-Mail address: (thru the UEL)

 

 

ACTIVITIES

 

Import, wholesale, export of sugar, corn starch, glucose, other

 

 

BRANCHES

 

Tokyo

 

 

OVERSEAS

 

Bangkok

 

 

OFFICERS

 

NOBUYOSHI TAKAHASHI, PRES

Takashi Nishikawa, s/mgn dir

Shigeru Moriya, dir        

           

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY

 

FINANCES                    FAIR                             A/SALES          Yen 7,101 M

PAYMENTS                  NO COMPLAINTS          CAPITAL           Yen 30 M

TREND             SLOW                          WORTH            Yen 992 M

STARTED                     1953                             EMPLOYES      29

 

 

COMMENT

 

TRADING FIRM SPECIALIZING IN SUGAR, CORN STARCH OTHER.

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

                       

MAX CREDIT LIMIT: YEN 336.5 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

The subject company was established by Shichiro Takahashi in order to make most of his experience in the subject line of business, as Takahashi Shoten Co Ltd.  Nobuyoshi Takahashi is his son, who took the pres office in 22009.  Renamed as captioned in 1988.  This is a trading firm for import, export and wholesale of sugar, corn starch, glucose, miso, soy sauce, other.  Has an office in Bangkok for purchase and import of foodstuffs.

 

 

FINANCIAL INFORMATION:

           

The sales volume for /2012 fiscal term amounted to Yen 7,101 million, a 6% down from Yen 7,545 million in the previous term.  This is referred to the transfer of pet food operations to a subsidiary.  The recurring profit was posted at Yen 174 million and the net profit at Yen 104 million, respectively, compared with Yen 170 million recurring profit and yen 74 million net losses, respectively, a year ago.  The losses are from extraordinary losses for payment of retirements allowances for directors/executives.

 

For the current term ending Nov 2013 the recurring profit is projected at Yen 180 million and the net profit at Yen 110 million, respectively, on a 3% rise in turnover, to Yen 7,000 million.   

 

The financial situation is considered FAIR and good for ORDINARY business engagements.  Max credit limit is estimated at Yen 336.5 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:          Nov 1953

Regd No.:                     1800-01-026076 (Nagoya-Nishiku)

Legal Status:               Limited Company (Kabushiki Kaisha)

Authorized:                  240,000 shares

Issued:                         60,000 shares

Sum:                            Yen 30 million

Major shareholders (%): Nobuyoshi Takahashi (50), employees’ S/Holding Assn, other

No. of shareholders:    8

 

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

 

 

OPERATION:

           

Activities: Imports, exports and wholesales sugar, corn starch, glucose, sugar materials, care food & products, miso, soy bean sauce, other (--100%)

 

Clients: [Mfrs, wholesalers] Major food makers (80%), major food wholesalers (20%) 

No. of accounts: 100

Domestic areas of activities: Centered in greater-Nagoya

Suppliers: [Mfrs, wholesalers] Itochu Shokuhin Co, Meiji Food Materials, Mitsui & Co, Sojitz Food, Marubeni Corp

 

Payment record: No Complaints

 

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

 

Bank References:

SMBC (Nagoya-Ekimae)

Mizuho Bank (Nagoya)

Relations: Satisfactory

 

 

FINANCES (In Million Yen)

       Terms Ending:

30/11/2013

30/11/2012

30/11/2011

30/11/2010

Annual Sales

　

7,300

7,101

7,545

6,913

Recur. Profit

　

180

174

170

　

Net Profit

　

110

104

-37

86

Total Assets

　

　

1,667

1,652

1,664

Current Assets

　

　

949

938

　

Current Liabs

　

　

717

713

　

Net Worth

　

　

992

888

927

Capital, Paid-Up

　

　

30

30

30

Div.Ttl in Million (¥)

　

　

1

15

3

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

2.80

-5.88

9.14

2.51

    Current Ratio

 

..

132.36

131.56

..

    N.Worth Ratio

..

59.51

53.75

55.71

    R.Profit/Sales

 

2.47

2.45

2.25

..

    N.Profit/Sales

1.51

1.46

-0.49

1.24

    Return On Equity

..

10.48

-4.17

9.28

 

Notes: Forecast (or estimated) figures for the 30/11/2013 fiscal term.

 

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.