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Report Date : |
10.01.2014 |
IDENTIFICATION DETAILS
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Name : |
C T TAKAHASHI & CO LTD |
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Registered Office : |
Higashi-Ueno Koike Bldg 4F, 2-22-10 Higashi-Ueno Taitoku Tokyo 110-0015 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
June 1952 |
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Com. Reg. No.: |
0105-01-029257 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, export, wholesale of paper-making machinery, industrial equipment |
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No. of Employees : |
09 |
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 |
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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 |
|
Moderate |
B1 |
|
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 |
C T TAKAHASHI &
CO LTD
REGD NAME: C. T. Takahashi KK
MAIN OFFICE: Higashi-Ueno Koike Bldg 4F, 2-22-10 Higashi-Ueno Taitoku Tokyo 110-0015
JAPAN
Tel: 03-5818-2651
Fax: 03-5818-2656
URL: http://www.cttok.com
E-Mail address: (thru the URL)
Import, export, wholesale of paper-making machinery, industrial equipment
Nil
USA
MASAYUKI MOROMI, PRES Toshiyasu Kaji, v pres
Tomio Tanimura, dir Fumiaki Takatsuka, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 1,138 M
PAYMENTS SLOW CAPITAL Yen 30 M
TREND SLOW WORTH Yen 303 M
STARTED 1952 EMPLOYES 9
TRADING FIRM SPECIALIZING IN MACHINEY & EQUIPMENT.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established by C T Takahashi, USA (presided by Tetsuji Takahashi), as its Japan marketing office in prewar days. The Japan office was incorporated in 1952. This is a trading firm for import; export and wholesale of paper-making machinery & equipment (see OPERATION). Clients include major paper mills nationwide.
The sales volume for Mar/2013 fiscal term amounted to Yen 1,138 million, a 53% down from Yen 2,434 million in the previous term. Financials are only partially disclosed for the term. . The operations plunged into the red to post Yen 16 million net losses for the term, compared with Yen 4 million net profit a year ago.
For the current term ending Mar 2014 the operations are projected to come back to profitability to post 2 million net profit, on a5% rise in turnover, to Yen 1,200 million.
The financial situation is considered FAIR and good for ORDINARY business engagements.
Date Registered: Jun 1952
Regd No.: 0105-01-029257 (Tokyo-Taitoku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 240,000 shares
Issued: 60,000 shares
Sum: Yen 30 million
Major shareholders (%): C T Takahashi & Co (USA) (49), Masayuki Moromi (14), Toshiyasu Kaji (9), Tomio Tanimura (8), Fumiaki Takatsuka (7)
No. of shareholders: 10
Nothing detrimental is known as to the commercial morality of executives.
Activities: Imports, exports and wholesales power plant equipment, chemicals (adhesives, coatings, silicon, other), cables. Connectors, plugs, other (--100%)
Clients: [Mfrs, wholesalers] Mitsubishi Paper Mills, Toshiba Hokuto Electronics Corp, Hokuetsu Kishu Paper Co, Toshiba Electron Tubes & Device Co, Toshiba Corp, Kitakami Paper Co, Nippon Daishowa Paperboard Co, Kowa Kogyosho Co, other
No. of accounts: 400
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] C T Takahashi & Co (USA), Thomas Electronics EU, Voith IHI Paper Technology Co, other
Payment record: Slow
Location: Business area in Tokyo. Office premises at the caption address are leased and maintained satisfactorily.
Bank References: MUFG (Marunouchi)
Shoko Chukin Bank (Tokyo)
Relations: Satisfactory
(In Million Yen)
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Terms Ending: |
31/03/2013 |
31/03/2012 |
31/03/2011 |
31/03/2010 |
|
|
Annual
Sales |
|
1,138 |
2,434 |
1,587 |
1,068 |
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Recur.
Profit |
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|
4 |
9 |
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Net
Profit |
|
-16 |
4 |
9 |
-19 |
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Total
Assets |
|
|
1,647 |
979 |
687 |
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Current
Assets |
|
|
1,611 |
843 |
|
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Current
Liabs |
|
|
1,254 |
447 |
|
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Net
Worth |
|
303 |
319 |
316 |
307 |
|
Capital,
Paid-Up |
|
|
30 |
30 |
30 |
|
Div.P.Share(¥) |
|
|
2100.00
|
2100.00
|
2000.00
|
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<Analytical
Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
-53.25 |
53.37 |
48.60 |
-42.08 |
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Current Ratio |
|
.. |
128.47 |
188.59 |
.. |
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N.Worth Ratio |
.. |
19.37 |
32.28 |
44.69 |
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R.Profit/Sales |
|
.. |
0.16 |
0.57 |
.. |
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N.Profit/Sales |
-1.41 |
0.16 |
0.57 |
-1.78 |
|
|
Return On Equity |
.. |
1.25 |
2.85 |
-6.19 |
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Notes: The 31/03/2013 figures are confirmed actually resulted but only partially disclose.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.18 |
|
|
1 |
Rs.102.31 |
|
Euro |
1 |
Rs.84.50 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIS |
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 |
|
<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.