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Report No. : |
302352 |
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Report Date : |
21.01.2015 |
IDENTIFICATION DETAILS
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Name : |
TAKISEI CO LTD |
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Registered Office : |
Takisei Bldg, 3-2-9 Iwamotocho Chiyodaku Tokyo 101-0032 |
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Country : |
Japan |
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Financials (as on) : |
31.08.2014 |
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Date of Incorporation : |
March 1956 |
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Legal Form : |
Limited Company |
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Line of Business : |
Wholesale of hooks, buttons, fasteners, other |
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No. of Employee : |
80 |
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 |
COMPANY NAME:
TAKISEI
CO LTD
REGD NAME:
Takisei KK
MAIN OFFICE:
Takisei Bldg, 3-2-9 Iwamotocho Chiyodaku
Tokyo 101-0032 JAPAN
Tel: 03-3864-1113 Fax: 03-3864-9117
E-Mail address: (thru the URL)
ACTIVITIES:
Wholesale of hooks, buttons, fasteners, other
BRANCHES:
Osaka, Miyagi, Gifu
OFFICERS:
KOSUKE TAKI, PRES Sadai Taki, ch
Shinjiro Taki, s/mgn dir Tetsuro Hiramitsu, mgn dir
Akira Narushima, dir Masaru Harada, dir
Yen Amount: In
million Yen, unless otherwise stated
SUMMARY:
FINANCES FAIR A/SALES Yen 3,066 M
PAYMENTS SLOW
BUT CORRECT CAPITAL Yen 64 M
TREND SLOW WORTH Yen 169 M
STARTED 1956 EMPLOYES 80
COMMENT:
TRADING FIRM SPECIALIZING IN FASTENERS, BUTTONS, OTHER.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
HIGHLIGHTS:
The subject
company was established originally in 1900 by Seisuke Taki in order to sell
hooks to tabi makers, and was incorporated in 1956 and the firm has been
succeeded by his descendants. Kosuke is
grandson, who took the pres office in Aug 2009.
A trading firm for import, export and wholesale of hooks, buttons,
fasteners, other accessories. Clients
include major trading firms, fastener makers, fashion stores, other.
FINANCIAL
INFORMATION:
Financials are disclosed
only partially.
The sales volume
for Aug/2014 fiscal term amounted to Yen 3,066 million, a 12% down from Yen
3,480 million in the previous term.
Demand declined. The net profit
was posted at Yen 15 million, compared with Yen 16 million a year ago.
For the current
term ending Aug 2015 the net profit is projected at Yen 15 million, on a 3%
rise in turnover, to Yen 3,150 million.
The financial
situation is considered FAIR and good for ORDINARY business engagements.
REGISTRATION:
Date
Registered: Mar 1956
Legal
Status: Limited
Company (Kabushiki Kaisha)
Authorized: 512,000 shares
Issued:
128,000
shares
Sum:
Yen
64 million
Major shareholders
(%): Employees’ S/Holding
Assn, Sadao Taki, Yusuke Taki, Shinjiro Taki, other (--Breakdown not disclosed)
No. of
shareholders: 60
Nothing detrimental is known as to the commercial morality of
executives.
OPERATION:
Activities: Trading firm for
import, export and wholesale of: fasteners, buttons, hooks, other clothing accessories,
other (--100%)
Clients: [Mfrs,
wholesalers] Sumitex International, Mitsui & Co, Mitsui Bussan Inter
Fashion, Marubeni Corp, Marubeni Fashion Link, other
No. of accounts: 250
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers]
YKK, Mitsui & Co, Morito Co, Kanase Co, Nitto Button Inc, other
Payment
record: Slow But Correct
Location: Business area in Tokyo. Office premises at the caption address are
owned and maintained satisfactory.
Bank
References:
MUFG
(Ohdenmacho)
Mizuho
Bank (Kanda-Ekimae)
Relations:
Satisfactory
FINANCES (In Million
Yen) :
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Terms Ending: |
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31/08/2015 |
31/08/2014 |
31/08/2013 |
31/08/2012 |
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Annual Sales |
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3,150 |
3,066 |
3,480 |
3,601 |
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Recur. Profit |
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.. |
.. |
.. |
.. |
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Net Profit |
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15 |
15 |
16 |
17 |
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Total Assets |
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N/A |
N/A |
N/A |
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Net Worth |
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169 |
154 |
138 |
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Capital, Paid-Up |
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64 |
64 |
64 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
0.00 |
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<Analytical Data> |
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(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
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2.74 |
-11.90 |
-3.36 |
1.24 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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.. |
.. |
.. |
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N.Profit/Sales |
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0.48 |
0.49 |
0.46 |
0.47 |
Notes: Financials are only partially
disclosed.
Forecast (or estimated) figures for the
31/08/2015 fiscal term.
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
DPT |
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.