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Report Date : |
03.05.2014 |
IDENTIFICATION DETAILS
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Name : |
TAKII & CO
LTD |
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Registered Office : |
188 Inokuma-Higashi-Iru Umekoji-dori
Shimogyoku Kyoto 600-86866 |
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Country : |
Japan |
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Financials (as on) : |
30.04.2014 |
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Date of Incorporation : |
May 1920 |
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Com. Reg. No.: |
(Kyoto-Shimogyoku) 017950 |
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Legal Form : |
Limited Company (Kabushiki Kaisha |
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Line of Business : |
Manufacturer of seeds & seedlings for vegetables,
buffalo grass, flowers, bulbs, gardening materials, fertilizer as well as
offers landscape construction |
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No of Employees : |
751 |
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 |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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. Prime Minister Shinzo ABE has declared the economy his
government's top priority; he has overturned his predecessor's plan to
permanently close nuclear power plants and is pursuing an economic
revitalization agenda of fiscal stimulus, monetary easing, and structural
reform. Japan joined the Trans Pacific Partnership negotiations in 2013, a pact
that would open Japan's economy to increased foreign competition and create new
export opportunities for Japanese businesses. Measured on a purchasing power
parity (PPP) basis that adjusts for price differences, Japan in 2013 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 is exceeding 230% of
GDP. To help raise government revenue and reduce public debt, Japan decided in
2013 to gradually increase the consumption tax to a total of 10% by the year
2015. Japan is making progress on ending deflation due to a weaker yen and
higher energy costs, but reliance on exports to drive growth and an aging,
shrinking population pose other major long-term challenges for the economy.
|
Source : CIA |
TAKII & CO LTD
Takii Shubyo KK
(shubyo means seeds & seedlings)
188
Inokuma-Higashi-Iru Umekoji-dori Shimogyoku Kyoto 600-86866 JAPAN
Tel: 075-365-0123
Fax: 075-365-0150
URL: www.takii.co.jp
E-mail: (thru the URL)
Manufacturer of seeds & seedlings for vegetables,
buffalo grass, flowers, bulbs, gardening materials, fertilizer as well as
offers landscape construction
USA,
Brazil, Chile, France, India, Indonesia, Thailand, China, Korea \
(--subsidiaries)
Hokkaido,
Ibaraki, Nagano, Shiga, Wakayama (--farms)
DENICHI
TAKII, PRES Kazuo Hatsuda,
s/mgn dir
Osamu Takii, mgn dir Tatsuya Takahashi, dir
Ryoji Kawamura, dir Takashi Kaya, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 46,217 M
PAYMENTS REGULAR CAPITAL Yen 200 M
TREND STEADY WORTH Yen
113,968 M
STARTED 1920 EMPLOYES 751
MFR OF
SEEDS & SEEDLINGS, BULBS, GARDENING MATERIALS
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
This is a leading mfr of seeds & seedling, bulbs,
gardening material, and the related. Owns
5 farms in Japan. Overseas operates 10
subsidiaries. Products are widely
exported thru these subsidiary firms.
Owned by the Takii family.
Aggressively expanding into China and other S/E Asian markets.
The sales volume for Apr/2013 fiscal term amounted to Yen 46,217
million, a 3% up from Yen 44,890 million in the previous term. The recurring profit was posted at Yen 7,404
million and net profit at Yen 4,568 million, respectively, compared with Yen
5,835 million recurring profit and Yen 3,521 million net profit, respectively,
a year ago.. .
For the current term ending Apr 2014 the recurring profit is projected
at Yen 7,500 and the net profit at Yen 4,700 million, respectively, on a 3%
rise in turnover, to Yen 47,600 million.
Vegetable seeds, including tomatoes, onions, and gardening materials are
steadily expanding.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
Date Registered: May 1920
Regd No.: (Kyoto-Shimogyoku) 017950
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 16 million shares
Issued: 4
million shares
Sum: Yen
200 million
Major shareholders (%): Employees’ S/Holding Assoc
(14.5), Seiryo Royal Bldg* (8.2), TS Shoji* (3.6). * Owned by Takii group.
No. of shareholders: 817
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures
seeds & seedlings for vegetables, buffalo grass, flowers, bulbs, gardening
materials, fertilizer, offers landscape construction, other (--100%).
Clients: [Farms, seeds
& seedling wholesalers]: Zen-Noh Corp; exports to USA, Europe, other
No. of accounts: 2,000 – 3,000
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Mitsubishi Corp, Sekisui Jushi Corp, Okamoto, other
Payment record: Regular
Location: Business area in
Kyoto. Office premises at the caption
address are owned and maintained satisfactorily.
Bank
References:
MUFG (Kyoto-Chuo)
Bank of Kyoto (H/O)
Relations: Satisfactory
(In Million Yen)
|
Terms Ending: |
30/04/2014 |
30/04/2013 |
30/04/2012 |
30/04/2011 |
|
|
Annual
Sales |
|
47,600 |
46,217 |
44,890 |
43,649 |
|
Recur.
Profit |
|
7,500 |
7,404 |
5,835 |
5,388 |
|
Net
Profit |
|
4,700 |
4,568 |
3,521 |
3,323 |
|
Total
Assets |
|
|
127,714 |
123,186 |
118,913 |
|
Current
Assets |
|
|
69,485 |
68,805 |
63,614 |
|
Current
Liabs |
|
|
11,985 |
12,300 |
11,269 |
|
Net
Worth |
|
|
113,968 |
109,679 |
106,438 |
|
Capital,
Paid-Up |
|
|
200 |
200 |
200 |
|
Div.P.Share(¥) |
|
|
70.00 |
70.00 |
70.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
2.99 |
2.96 |
2.84 |
2.81 |
|
|
Current Ratio |
.. |
579.77 |
559.39 |
564.50 |
|
|
N.Worth Ratio |
.. |
89.24 |
89.04 |
89.51 |
|
|
R.Profit/Sales |
15.76 |
16.02 |
13.00 |
12.34 |
|
|
N.Profit/Sales |
9.87 |
9.88 |
7.84 |
7.61 |
|
|
Return On Equity |
.. |
4.01 |
3.21 |
3.12 |
|
Notes:
Forecast (or estimated) figures for the 30/04/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.22 |
|
UK Pound |
1 |
Rs.101.68 |
|
Euro |
1 |
Rs.83.46 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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.