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Report Date : |
03.01.2014 |
IDENTIFICATION DETAILS
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Name : |
TAISHODO CORPORATION |
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Registered Office : |
3-18 Shinsakuramachidori Toyokawa
Aiichi-Pref 442-835 |
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Country : |
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Date of Incorporation : |
December 1965 |
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Legal Form : |
Limited Company |
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Line of Business : |
Importer, exporter, wholesaler of industrial chemicals & reagents |
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No. of Employees : |
36 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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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 but Correct |
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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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
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 small agricultural
sector is highly subsidized and protected, with crop yields among the highest
in the world. While self-sufficient in rice production, Japan imports about 60%
of its food on a caloric basis. 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. Modest economic
growth continued after 2000, but the economy has fallen into recession three
times since 2008. A sharp downturn in business investment and global demand for
Japan's exports in late 2008 pushed Japan 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 and the
ensuing tsunami in March disrupted manufacturing. The economy has largely
recovered in the two years since the disaster, but reconstruction in the Tohoku
region has been uneven. Newly-elected Prime Minister Shinzo ABE has declared the
economy his government's top priority; he has pledged to reconsider his
predecessor's plan to permanently close nuclear power plants and is pursuing an
economic revitalization agenda of fiscal stimulus and regulatory reform and has
said he will press the Bank of Japan to loosen monetary policy. Measured on a
purchasing power parity (PPP) basis that adjusts for price differences, Japan
in 2012 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 2012. The new government will continue a longstanding debate 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 |
TAISHODO CORPORATION
KK Taisshodo
3-18
Shinsakuramachidori Toyokawa Aiichi-Pref 442-835 JAPAN
Tel:
0533-86-7123 Fax: 0533-86-1355
URL: http://www.taishodo.co.jp
E-Mail address: (thru the URL)
Import, export, wholesale of industrial chemicals & reagents
Toyohashi,
Anjo
HIROTKA
TANAKA, PRES
Tatsuji
Tanaka, ch
Natsuko
Morishita, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 2,930 M
PAYMENTS Slow
but Correct CAPITAL Yen
96 M
TREND UP WORTH Yen 1986 M
STARTED 1965 EMPLOYES 36
TRADING FIRM SPECIALIZING IN INDUSTRIAL CHEMICALS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established by Tatsuji Tanaka in
order to make most of his experience in the subject line of business. This is a trading firm specializing in
industrial chemicals, reagents, other.
Clients include major chemicals makers, other.
The sales volume for
Aug/2012 fiscal term amounted to Yen 2,930 million, a 1% up from Yen 2,903
million in the previous term. The
recurring profit was posted at Yen 115 million and the net profit at Yen 73
million, respectively, compared with Yen 123 million recurring profit and yen
82 million net profit, respectively, a year ago.
For the term that
ended Aug 2013 the recurring profit was projected at Yen 120 million and the
net profit at Yen 75 million, respectively, on a 5% rise/ in turnover, to Yen
3,070 million. Final results are yet to
be released.
The financial
situation is considered FAIR and good for ORDINARY business engagements.
Date Registered: Dec
1965
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
552,000 shares
Issued: 138,000 shares
Sum: Yen 96 million
Major shareholders
(%): Tatsuji Tanaka (35), Hirotaka Tanaka (26), Nagoya Small
& Medium Business Promotion Investment (20)
No. of shareholders: 10
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports, exports and wholesales industrial chemicals, reagents,
others (--100%)
Clients: [Mfrs, wholesalers] Mitsubishi Rayon, Toray, Untika , otheri
No. of accounts: 300
Domestic areas of activities:
Nationwide
Suppliers: [Mfrs, wholesalers] Tokuyama, Sumitomo Chemical, Nissan Chemical Ind,
other
Payment record: Slow but Correct
Location: Business area in Toyokawa- Aichi-Pref. Office premises at the caption address are
owned and maintained satisfactorily.
Bank References:
Okazaki
Shinkin Bank (Toyokawa)
MUFG
(Toyokawa)
Relations:
Satisfactory
(In Million Yen)
Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the ^ fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.90 |
|
UK Pound |
1 |
Rs.102.74 |
|
Euro |
1 |
Rs.85.16 |
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 |
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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 |
|
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 |
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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 |
|
-- |
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.