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Report No. : |
307171 |
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Report Date : |
10.02.2015 |
IDENTIFICATION DETAILS
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Name : |
TAKISADA-OSAKA CO LTD |
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Registered Office : |
2-3-6 Bingomachi Chuoku Osaka 541-0051 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2014 |
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Date of Incorporation : |
August 2001 |
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Com. Reg. No.: |
1200-01-099371 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, export, wholesale of
textiles & products |
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No. of Employees : |
749 |
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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Maximum Credit Limit : |
YEN 4,015.0 MILLION |
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Status : |
Satisfactory |
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Payment Behaviour : |
No complaints |
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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 |
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Risk Category |
ECGC
Classification |
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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 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 |
TAKISADA-OSAKA CO LTD
REGD NAME: Takisada
Osaka KK
MAIN OFFICE: 2-3-6
Bingomachi Chuoku Osaka 541-0051 JAPAN
Tel: 06-6262-1205 Fax: 06-6261-4327
*..
The is its Tokyo Office
URL: http://www.takisada-osaka.co.jp/
E-Mail
address: info@takisada-osaka.co.jp
Import,
export, wholesale of textiles & products
Tokyo,
Nagoya, Gifu
China
(4 including Hong Kong), USA, Thailand, India, Vietnam, Italy
RYUTA
TAKI, PRES
Osamu Ogawa, s/mgn dir
Naoto
Taki, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 83,151 M
PAYMENTS NO COMPLAINTS CAPITAL Yen
1,500 M
TREND STEADY WORTH Yen
50,651 M
STARTED 2001 EMPLOYES 749
TRADING HOUSE SPECIALIZING IN TEXTILES & PRODUCTS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
MAX CREDIT LIMIT: YEN 4,015.0 MILLION, 30 DAYS NORMAL TERMS.
The subject company was established originally in 1864 by a
certain Taki as a textile merchant, on his account. Incorporated in 1940, the firm has been
succeeded by his descendants. In Aug
2001, the firm split into two entities: Takisada-Osaka Co Ltd (ex Takisada
Osaka Headquarters) and Takisada-Nagoya Co Ltd (ex Takisada Nagoya
Headquarters). This is a trading house
specializing in textiles and their products.
Boasts the top-ranked position in sales of textiles & products. Annual textile sales amounts to 50,100,000
meters. Goods are both imported and
exported. Opened Bangkok Office in Jun
2013. Clients are major apparel mfrs,
wholesalers, chain stores, specialty stores, etc, nationwide.
The sales volume for Jan/2014 fiscal term amounted to Yen
83,151 million, a 10% up from Yen 75,259 million in the previous term. Exports into and from China increased. Operations, however, plunged into the red to
post Yen 1,989 net losses for the term.
The recurring profit was posted at Yen 1,844 million and the net losses
at Yen 1,989 million, respectively, compared with Yen 1,257 million recurring profit
and Yen 1,352 million net profit, respectively, a year ago.
For the current term ending Jan 2015 the recurring profit is
projected at Yen 3,000 million and the net profit at Yen 2,000 million,
respectively, on a 3% rise turnover, to Yen 85,400 million. New products of transparent/clear light
weight yarns for ladies will contribute.
The financial situation is
considered FAIR and good for ORDINARY business engagements.
Date Registered: Aug 2001
Regd No.: 1200-01-099371 (Osaka-Chuoku)
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized:
1.2 million shares
Issued:
300,000 shares
Sum: Yen 1,500 million
Major shareholders (%): Majority owned by Takisada
families & relatives (Breakdown details unavailable)
No. of
shareholders: 79
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Trading house for import, export and wholesale
of textile fabrics, piece goods for women (60%), for men (7.7%), women’s
clothing & clothing accessories (13.4%), bed clothes, beddings, night
clothes, interior accessories (4.9%), wool, silk cloths, other textile
materials (14%). (Import/export
7%). (% are all about)
Clients: [Apparel mfrs, wholesalers] Onward
Kashiyama, World Co, Itokin, Sanyei International, other.
Exports to Europe, USA, China,
other S/E Asian countries, etc
No. of
accounts: (Wholesalers) 2,000, (Apparel makers) 700
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Teijin Ltd, Toray
Ind, Nisshinbo, Toyobo, Kuraray, Mitsubishi rayon, Fujibo Ltd, Unitika, Asahi
Kasei, Kanebo Ltd, other.
Imports from Europe, USA, China,
other S/E Asian countries.
Payment record: No
Complaints
Location:
Business area in Osaka.
Office premises at the caption address are owned and maintained
satisfactorily.
Bank References:
MUFG
(Kawaramachi)
Mizuho
Bank (Semba)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/03/2015 |
31/03/2014 |
31/03/2013 |
31/03/2012 |
|
|
Annual
Sales |
|
85,400 |
83,151 |
75,259 |
72,398 |
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Recur.
Profit |
|
3,000 |
1,844 |
1,257 |
2,963 |
|
Net
Profit |
|
2,000 |
-1,989 |
1,352 |
1,293 |
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Total
Assets |
|
|
76,891 |
71,227 |
73,856 |
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Current
Assets |
|
|
43,256 |
40,311 |
47,090 |
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Current
Liabs |
|
|
16,637 |
18,005 |
21,293 |
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Net
Worth |
|
|
50,651 |
52,624 |
51,721 |
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Capital,
Paid-Up |
|
|
1,500 |
1,500 |
1,500 |
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Div.P.Share(¥) |
|
|
0.00 |
10,000.00 |
15,000.00 |
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<Analytical Data> |
|
(%) |
(%) |
(%) |
(%) |
|
S.Growth Rate |
|
2.70 |
10.49 |
3.95 |
4.89 |
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Current Ratio |
|
.. |
260.00 |
223.89 |
221.15 |
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N.Worth Ratio |
|
.. |
65.87 |
73.88 |
70.03 |
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R.Profit/Sales |
|
3.51 |
2.22 |
1.67 |
4.09 |
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N.Profit/Sales |
|
2.34 |
-2.39 |
1.80 |
1.79 |
|
Return On Equity |
|
.. |
-3.93 |
2.57 |
2.50 |
Notes:
Forecast (or estimated) figures for the 31/01/2015 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.14 |
|
|
1 |
Rs.94.79 |
|
Euro |
1 |
Rs.70.38 |
INFORMATION DETAILS
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Analysis Done by
: |
SUB |
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Report Prepared
by : |
ANK |
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.