|
Report No. : |
338310 |
|
Report Date : |
11.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
TAKUMA CO., LIMITED |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
31.03.2015 |
|
|
|
|
Date of Incorporation : |
1938 |
|
|
|
|
Legal Form : |
Public Limited |
|
|
|
|
Line of Business : |
Design & Construction of Boilers &
Others |
|
|
|
|
No. of Employees : |
Not Available |
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 |
|
Maximum Credit Limit : |
USD 20,000,000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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 |
|
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 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.
|
Source
: CIA |
TAKUMA CO., LIMITED
TEL: 81-6-6483-2609 FAX:
81-6-6483-2751
INCORPORATION DATE : 1938
REGISTRATION NO. : N/A
LEGAL FORM :
PUBLIC LIMITED
CHIEF EXECUTIVE : TAKAAKI KATO (PRESIDENT &
REPRESENTATIVE DIRECTOR)
STAFF STRENGTH : 806
PAID-UP CAPITAL : N/A
BUSINESS LINE :
DESIGN & CONSTRUCTION
TURNOVER :
JPY
EQUITIES :
JPY
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : UP TO USD 20,000,000
MARKET CONDITION : COMPETITIVE
FINANCIAL CONDITION : GOOD
OPERATIONAL TREND :
STEADY
GENERAL REPUTATION : SATISFACTORY
EXCHANGE RATE : JPY 120.845 = US$1
REGD NAME
TAKUMA CO., LIMITED
REGISTRATION
Date of incorporation: 1938
Status: Active
Regd No.: N/A
Legal Status: Public
Limited
LOCATION
Head Office
Branch
Osaka Office:
Daiken Bldg.,
TEL (06)
6100-3301
FAX (06) 6100-3302
Tokyo Branch:
Eitaro Bldg.,
TEL (03)
3276-7211
FAX (03) 3276-7207
Hokkaido Branch:
Daigo Bldg., 5-11
Ohdori Nishi, Chuo-ku, Sapporo 060-0042, Japan
TEL (011)
221-4106
FAX (011) 241-0523
Tohoku Branch:
Daiichi Hirose Bldg.,
TEL (022)
222-3042
FAX (022) 225-6759
Chubu Branch:
Daitokai Bldg.,
TEL (052)
571-5211
FAX (052) 581-3005
Hokuriku Branch:
Asahi Seimei Kanazawa
Daini Bldg.,
Kohrinboh, Kanazawa, Ishikawa
920-0961, Japan
TEL (076)
262-5380
FAX (076) 263-2394
Kyushu Branch:
Yakuin Business
Garden,
TEL (092)
717-2828
FAX (092) 717-2830
Okinawa Branch:
TEL (098)
898-6650
FAX (098) 898-6657
Taipei Branch:
TEL 886-2-8752-3838
FAX 886-2-2656-0584
London Branch:
56 Greyhound Hill,
London NW4 4JB, U.K.
TEL
44-(0)20-8457-9333
FAX 44-(0)20-8202-0798
Factory
Factory Telephone No +81-79-443-6511
Factory Fax No +81-79-443-6511
Warehouse
Note:
Your contains some mistakes.
GROUP NAME
Takuma Group
The design is professional and the content is
well organized. At present it is in Japanese and English versions.
E-mail: info@takuma.co.jp
For the past two years there is no record of
litigation.
No ownership information is available in our
database.
DIRECTORS
Name Mr.
Takaaki Kato
Designation President
& Representative Director
Nationality Japanese
Name Mr.
Kengo Numata
Designation Director
Nationality Japanese
Name Mr.
Daisuke Ayukawa
Designation Director
Nationality Japanese
Name Mr.
Masashi Goto
Designation Director
Nationality Japanese
Name Mr.
Masafumi Nakagawa
Designation Director
Nationality Japanese
Name Mr.
Hiroaki Nanjo
Designation Director
Nationality Japanese
Name Mr.
Masahiko Izumi
Designation Director
Nationality Japanese
Name Mr.
Hiromichi Satake
Designation Director
Nationality Japanese
LINE OF
BUSINESS
Design & Construction of Boilers &
Others
RANGE OF
PRODUCTS
Boiler Power Plant
Biomass Power Plant
Coal
Fired Power Plant
Engineering
Oil/Gas Fired Power Plant
Fluidized-Bed
Combustion System
Features of TAKUMA Fluidized-Bed Combustion System
Paper
Sludge and Waste Paper Multifuel Fired FB Boiler
Food
Waste Fired FB Boiler
RDF Combustion
System
Waste Heat Boiler
Features of TAKUMA Waste Heat Boiler
Waste
Heat Boiler for Industrial Waste Incineration Plant
Waste
Heat Boiler for Non-ferrous Metal Roasting Plant
Waste
Heat Boiler for Gas Turbine
Radiant Type
Impregnating Plant
Terms of
Purchase
Local : Cash or Credit
Import : Against L/C
Terms of
Sale
Local :
Cash or Credit
Export :
Against L/C
Export Market
Global
CERTIFICATIONS
ISO
9001
Subsidiaries / Affiliates
Nippon Thermoener Co., Ltd
Takuma Technos Co., Ltd
Hokkaido Sanitary Maintenance Co., Ltd
Takuma Technos Hokkaido Co., Ltd
Sun Plant Co., Ltd
Takuma Engineering Co., Ltd
Takuma System Control Co., Ltd
Dan • Takuma Technologies Inc.
Kyoritsu Setsubi Co., Ltd
Campo Recycle Plaza Co., Ltd
Nagaizumi High Trust Co., Ltd
Fujisawa High Trust Co., Ltd
Iwate-Kenpoku Clean Co., Ltd
Hitachinaka-Tokai High Trust Co., Ltd
Anan High Trust Co., Ltd
Energy Mate Co., Ltd
Takuma Plant Service Co., Ltd
Biopower Katsuta Co., Ltd
Kashihara High Trust Co., Ltd
Tochigi High Trust Co., Ltd
Katsuta Co., Ltd
R.B.N. Co., Ltd
Ichihara New Energy Co., Ltd
Ecos Yonezawa Co., Ltd
KAB Takuma GmbH
Taiden Environtech Co., Ltd
Siam Takuma Co., Ltd
FINANCES
Balance Sheet
As At 31 March 2015
Currency: Yen (In
Millions)
|
Assets |
|
|
Cash and Equivalents |
45,650.0 |
|
Short-Term Investments |
-- |
|
TOTAL CASH AND SHORT TERM INVESTMENTS |
45,650.0 |
|
Accounts Receivable |
38,145.0 |
|
Other Receivables |
-- |
|
TOTAL RECEIVABLES |
38,145.0 |
|
Inventory |
3,810.0 |
|
Prepaid Expenses |
-- |
|
Deferred Tax Assets, Current |
3,358.0 |
|
Other Current Assets |
2,322.0 |
|
TOTAL CURRENT ASSETS |
93,285.0 |
|
NET PROPERTY PLANT AND EQUIPMENT |
9,855.0 |
|
Goodwill |
-- |
|
Long-Term Investments |
16,927.0 |
|
Loans Receivable, Long Term |
1,096.0 |
|
Deferred Tax Assets, Long Term |
1,708.0 |
|
Other Intangibles |
253.0 |
|
Other Long-Term Assets |
2.0 |
|
TOTAL ASSETS |
123,126.0 |
|
|
|
|
LIABILITIES & EQUITY |
|
|
Accounts Payable |
28,165.0 |
|
Accrued Expenses |
2,346.0 |
|
Short-Term Borrowings |
9,745.0 |
|
Current Portion of Long-Term Debt/Capital
Lease |
-- |
|
Current Portion of Capital Lease Obligations |
-- |
|
Current Income Taxes Payable |
304.0 |
|
Other Current Liabilities, Total |
19,052.0 |
|
TOTAL CURRENT LIABILITIES |
59,612.0 |
|
Long-Term Debt |
2,069.0 |
|
Capital Leases |
-- |
|
Minority Interest |
303.0 |
|
Pension & Other Post-Retirement
Benefits |
8,474.0 |
|
Deferred Tax Liability Non-Current |
-- |
|
Other Non-Current Liabilities |
457.0 |
|
TOTAL LIABILITIES |
70,612.0 |
|
Common Stock |
13,367.0 |
|
Additional Paid in Capital |
3,768.0 |
|
Retained Earnings |
31,764.0 |
|
Treasury Stock |
-228.0 |
|
Comprehensive Income and Other |
3,540.0 |
|
TOTAL COMMON EQUITY |
52,211.0 |
|
TOTAL EQUITY |
52,514.0 |
|
TOTAL LIABILITIES AND EQUITY |
123,126.0 |
Income Statement
For the year Ended
31 March 2015
Currency: Yen (In
Millions)
|
Revenues |
103,874.0 |
|
TOTAL REVENUES |
103,874.0 |
|
Cost of Goods Sold |
81,774.0 |
|
GROSS PROFIT |
22,100.0 |
|
Selling General & Admin Expenses, Total |
12,777.0 |
|
R&D Expenses |
584.0 |
|
Depreciation & Amortization, Total |
194.0 |
|
Other Operating Expenses |
322.0 |
|
OTHER OPERATING EXPENSES, TOTAL |
13,877.0 |
|
OPERATING INCOME |
8,223.0 |
|
Interest Expense |
-156.0 |
|
Interest and Investment Income |
310.0 |
|
NET INTEREST EXPENSE |
154.0 |
|
Income (Loss) on Equity Investments |
430.0 |
|
Currency Exchange Gains (Loss) |
-8.0 |
|
Other Non-Operating Income (Expenses) |
341.0 |
|
EBT, EXCLUDING UNUSUAL ITEMS |
9,140.0 |
|
Gain (Loss) on Sale of Investments |
262.0 |
|
Gain (Loss) on Sale of Assets |
-25.0 |
|
Other Unusual Items, Total |
-901.0 |
|
Other Unusual Items |
523.0 |
|
EBT, INCLUDING UNUSUAL ITEMS |
8,476.0 |
|
Income Tax Expense |
435.0 |
|
Minority Interest in Earnings |
-12.0 |
|
Earnings from Continuing Operations |
8,041.0 |
|
NET INCOME |
8,029.0 |
|
NET INCOME TO COMMON INCLUDING EXTRA ITEMS |
8,029.0 |
|
NET INCOME TO COMMON EXCLUDING EXTRA ITEMS |
8,029.0 |
No banker information is available in our
database.
SC is considered large-sized in its line with
a long development history. Company can be considered good for normal business
dealings at usual trade terms and conditions. Taking into consideration of SC’s
general performance and financial situation, a credit line up to USD 20,000,000
would appear to be within SC’s capacities.
As per your request, client name was revealed
as “Capita PLC”.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.58 |
|
UK Pound |
1 |
Rs.102.29 |
|
Euro |
1 |
Rs.74.71 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TRU |
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.