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Report No. : |
336827 |
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Report Date : |
12.08.2015 |
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 : |
Subject is 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 |
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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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 an 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. Scarce in many natural resources, Japan has long been dependent on imported raw materials. Since the complete shutdown of Japan’s nuclear reactors after the earthquake and tsunami disaster in 2011, Japan's industrial sector has become even more dependent than it was previously on imported fossil 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 impressive - 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 aftereffects 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 four times since 2008. 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 of that year disrupted manufacturing. The economy has largely recovered in the four years since the disaster, although reconstruction in the affected Tohoku region has lagged, in part due to a shortage of labor in the construction sector. Japan enjoyed a sharp uptick in growth in 2013 on the basis of Prime Minister Shinzo Abe’s “Three Arrows” economic revitalization agenda - dubbed “Abenomics” - of monetary easing, “flexible” fiscal policy, and structural reform. Abe’s government has replaced the preceding administration’s plan to phase out nuclear power with a new policy of seeking to restart nuclear power plants that meet strict new safety standards, and emphasizing nuclear energy’s importance as a base-load electricity source. Japan joined the Trans-Pacific Partnership (TPP) 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 2014 stood as the fourth-largest economy in the world after first-place China, which surpassed Japan in 2001, and third-place India, which edged out Japan in 2012. While seeking to stimulate and reform the economy, the government must also devise a strategy for reining in Japan's huge government debt, which amounts to more than 230% of GDP. To help raise government revenue, Japan adopted legislation in 2012 to gradually raise the consumption tax rate to 10% by 2015, beginning with a hike from 5% to 8% implemented in April 2014. That increase had a contractionary effect on GDP, however, so PM Abe in late 2014 decided to postpone the final phase of the increase until April 2017 to give the economy more time to recover. Led by the Bank of Japan’s aggressive monetary easing, Japan is making progress in ending deflation, but demographics - low birthrate and an aging, shrinking population - pose major long-term challenges for the economy.
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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 |
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Recur.
Profit |
|
n/a |
n/a |
7,404 |
5,835 |
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Net
Profit |
|
3,883 |
3,807 |
4,568 |
3,521 |
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Total
Assets |
|
n/a |
n/a |
127,714 |
123,186 |
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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! |
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Current Ratio |
|
|
.. |
.. |
.. |
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N.Worth Ratio |
|
|
.. |
89.24 |
89.04 |
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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.64.17 |
|
|
1 |
Rs.99.84 |
|
Euro |
1 |
Rs.70.36 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
ASH |
RATING EXPLANATIONS
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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 |
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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 |
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-- |
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.