MIRA INFORM REPORT
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Report Date : |
09.04.2011 |
IDENTIFICATION DETAILS
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Name : |
COMOTA CO LTD |
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Registered Office : |
3-3-1
Nishishimbashi Minatoku |
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Country : |
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Financials (as on) : |
30.04.2010 |
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Date of Incorporation : |
November
1967 |
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Com. Reg. No.: |
(Tokyo-Setagayaku) 010436 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer of computers, POS systems, self console to petro
SS stations |
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 106.3 Million |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Regular |
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Litigation : |
---- |
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, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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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 |
Company
name
COMOTA CO LTD
REGD
NAME
Comota KK
MAIN
OFFICE
3-3-1
Nishishimbashi Minatoku
Tel: 03-3433-3005
*.. Registered at: 1-16-3 Kaminoge Setagayaku
URL: http://www.comota.co.jp/
E-Mail address: info@comota.co.jp
ACTIVITIES
Mfr of
computers, POS systems, self console to petro SS stations
BRANCHES
FACTORIES
OFFICER(S)
Sawako
Kawamoto, ch TATSUYA
KAWAMOTO, PRES
Takeshi
Yokoyama, dir Yoshiaki
Takagi, dir
Shiro
Tani, dir Hiromasa
Kawamoto, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 7,509 M
PAYMENTS REGULAR CAPITAL Yen 99 M
TREND SLOW WORTH Yen
2,438 M
STARTED 1967 EMPLOYES 250
COMMENT
MFR SPECIALIZING IN POS SYSTEM
& OTHER COMPUTER SYSTEMS TO SELF-SERVICE GASOLINE STATIONS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR CREDIT ENGAGEMENTS: US$50,000 / O/A 90 DAYS.
MAX CREDIT
LIMIT: YEN 106.3 MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company was established by husband of Sawako Kawamoto, ch at the firm, in order to make most of his experience in the subject line of business. The corporate name comes from: CO-MOTivative Association. This is a specialized mfr of computer & POS systems to self-service gasoline stations. Products include: metering machines, POS systems, network computers, portable POS, automatic change dispenser, other. Operates 22 depots in major cities nationwide. Clients include Zen-Noh, oil refiners, gasoline stations, other, nationwide.
FINANCIAL
INFORMATION
The sales volume for Apr/2010 fiscal term amounted to Yen 7,509 million, an 18% down from Yen 9,177 million in the previous term, as affected by the global economic downturn particularly in the first half of the term. Business was slack. Consumer spending was sluggish. Due to high price of gasoline, consumers used less car driving than before. Commutation by cars was substantially decreased. The recurring profit was posted at Yen 530 million and the net profit at Yen 292 million, respectively, compared with Yen 495 million recurring profit and Yen 292 million net profit, respectively, a year ago.
For the current term ending Apr 2011 the recurring profit is projected at Yen 540 million and the net profit at Yen 300 million, respectively, on a 5% rise in turnover, to Yen 7,900 million.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 106.3 million, on 30 days normal terms. The proposed amount for 90 days terms is considered well within the firm’s financial capacities.
REGISTRATION
Date Registered: Nov 1967
Regd No.: (Tokyo-Setagayaku) 010436
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
796,000 shares
Issued:
199,000 shares
Sum: Yen 99 million
Major
shareholders (%): Tatsuya Kawamoto & families (--majority), other
No. of shareholders: 38
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities:
Manufactures computer/POS terminals, self-service gasoline station systems
embedded with console, measuring instruments, automatic cash dispenser, volume
counters, portable POS, dedicated purpose computer, network computer, other
SS-related products (--100%).
Clients: [Gasoline stations, leasing companies] Zen-Noh, Tokyo Century Leasing Corp, Nippon Oil Trading Corp, Mitsubishi UFJ Leasing, Ricoh Leasing, ExxonMobile, other
No. of accounts: 800
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] IBM Japan, Panasonic System Solutions Japan, Oki Electric Ind, Toyo Networks & System Integration, Daichu Technologies, other.
Payment record: Regular
Location:
Business area in
Bank References:
MUFG
(Shimbashi)
SMBC
(Hibiya)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
30/04/2011 |
30/04/2010 |
30/04/2009 |
30/04/2008 |
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Annual
Sales |
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7,900 |
7,509 |
9,177 |
9,973 |
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Recur.
Profit |
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540 |
530 |
495 |
548 |
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Net
Profit |
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300 |
292 |
292 |
393 |
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Total
Assets |
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6,065 |
6,506 |
6,246 |
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Current
Assets |
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4,612 |
4,982 |
4,720 |
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Current
Liabs |
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3,363 |
4,066 |
4,010 |
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Net
Worth |
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2,438 |
2,160 |
1,885 |
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Capital,
Paid-Up |
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99 |
99 |
99 |
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Div.P.Share(¥) |
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70.00 |
85.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
5.21 |
-18.18 |
-7.98 |
10.20 |
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Current Ratio |
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.. |
137.14 |
122.53 |
117.71 |
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N.Worth Ratio |
.. |
40.20 |
33.20 |
30.18 |
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R.Profit/Sales |
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6.84 |
7.06 |
5.39 |
5.49 |
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N.Profit/Sales |
3.80 |
3.89 |
3.18 |
3.94 |
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Return On Equity |
.. |
11.98 |
13.52 |
20.85 |
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Notes:
Forecast (or estimated) figures for the 30/04/2011 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.04 |
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|
1 |
Rs.72.20 |
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Euro |
1 |
Rs.63.40 |
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 |
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.