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Report No. : |
317403 |
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Report Date : |
11.04.2015 |
IDENTIFICATION DETAILS
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Name : |
TAKII & CO LTD |
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Registered Office : |
180 Inokuma-Higashi-Iru Umekoji-dori Shimogyoku Kyoto 600-8686 |
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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 and Sale of Seeds, Seedlings, Bulbs, Gardening Materials, Fertilizer. |
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No. of Employees : |
740 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
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 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
REGD NAME: Takii
Shubyo KK (shubyo means seeds & seedlings)
MAIN OFFICE: 180
Inokuma-Higashi-Iru Umekoji-dori Shimogyoku Kyoto 600-8686 JAPAN
Tel: 075-365-0123 Fax: 075-365-0150
URL: http//:www.takii.co.jp
E-mail: (Thru the URL)
Mfg and sale of
seeds, seedlings, bulbs, gardening materials, fertilizer
USA, Brazil, Chile, the Netherlands, 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 48,077 M
PAYMENTSSLOW BUT
CORRECT CAPITAL Yen 200
M
TREND STEADY WORTH Unavailable
STARTED 1920 EMPLOYES 740
MFR AND SALE 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/2014 fiscal term amounted to Yen 48,077 million, a 4% up from Yen
46,217 million in the previous term. The net profit amounted at Yen 3,807
million which has decreased from Yen 4,568 million in 2013.
For the current
term ending April 2015, the net profit at Yen 3,883 million is estimated based
on a 2% rise in turnover, to Yen 49,039 million. Final results are yet to be released.
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 (14.6), Seiryo Royal Bldg* (8.2), TS Shoji* (3.7)
*
Owned by Takii group.
No. of shareholders: 817
Nothing detrimental is known as to the
commercial morality of executives.
Activities: Manufactures,
sales of seeds & seedlings for vegetables, buffalo grass, flowers, bulbs,
gardening materials, fertilizer, offers landscape construction, other (--100%).
Clients: [Farms, seeds
& seedling wholesalers]: Wholesaler(70%), exports to USA, Europe, other
No. of accounts: 2,000 – 3,000
Domestic areas of activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Mitsubishi Plastics Agri Dream Co., Ltd, Hyponex Japan Corp Ltd,
Okamoto, Suntory Holdings Ltd, Nationwide Agricultural Cooperative Association,
Overseas, other
Payment
record: Slow but correct
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: |
|
30/04/2015 |
30/04/2014 |
30/04/2013 |
30/04/2012 |
|
Annual
Sales |
|
49,039 |
48,077 |
46,217 |
44,890 |
|
Recur.
Profit |
|
n/a |
n/a |
7,404 |
5,835 |
|
Net
Profit |
|
3,883 |
3,807 |
4,568 |
3,521 |
|
Total
Assets |
|
n/a |
n/a |
127,714 |
123,186 |
|
Net
Worth |
|
n/a |
n/a |
113,968 |
109,679 |
|
Capital,
Paid-Up |
|
n/a |
n/a |
200 |
200 |
|
Div.P.Share(¥) |
|
n/a |
n/a |
n/a |
n/a |
|
<Analytical Data> |
|
(%) |
(%) |
(%) |
(%) |
|
S.Growth Rate |
|
2.00 |
4.02 |
2.96 |
#DIV/0! |
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
|
.. |
89.24 |
89.04 |
|
N.Profit/Sales |
|
7.92 |
7.92 |
9.88 |
7.84 |
Notes: Forecast (or
estimated) figures for the 30/04/2015 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.37 |
|
|
1 |
Rs.91.60 |
|
Euro |
1 |
Rs.66.49 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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|
Report Prepared
by : |
ANK |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
|
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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 |
-- |
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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.