MIRA INFORM REPORT
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Report Date : |
22.12.2011 |
IDENTIFICATION DETAILS
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Name : |
TOMO CORPORATION |
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Registered Office : |
TOC Bldg 7F, 7-22-17 Nishigotanda
Shinagawaku Tokyo 141-0031 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
January 1980 |
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Com. Reg. No.: |
(Tokyo-Shinagawaku)
007051 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale
of folk crafts, clothes, furniture |
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No. of Employees
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41 persons |
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 22.8 Million |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
Company name
TOMO CORPORATION
REGD NAME
KK Tomo
Corporation
MAIN OFFICE
TOC Bldg 7F,
7-22-17 Nishigotanda Shinagawaku Tokyo 141-0031 JAPAN
Tel:
03-3494-3334 Fax: 03-3494-3316
E-Mail address: info@tomo-web.com
ACTIVITIES
Import, wholesale of folk crafts, clothes, furniture, other
BRANCHES
Tokyo
(3) (subsidiaries)
OFFICER(S)
SEIZO
TOMOOKA, PRES
Makoto
Tomooka, s/mgn dir
Hideko
Tomooka, mgn dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 1,447 M
PAYMENTS REGULAR CAPITAL Yen 50 M
TREND UP WORTH Yen 473 M
STARTED 1980 EMPLOYES 41
COMMENT
IMPORTER
AND WHOLESALER SPECIALIZINGIN FOLK CRAFTS,
CLOTHES, FURNITURE, OTHERS.
FINANCIAL
SITUATION CONSIDERED FAIR AND GOOD FOR ORDI-NARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 22.8 MILLION, 30 DAYS NAORMAL TERMS
HIGHLIGHTS
The subject company was established by Seizo Tomooka in order to make effective use of his previous experience in foreign trading. This is a trading firm, owned and managed by the Tomooka family, specializing in import and wholesale of folk crafts centrally, having 4 marketing divisions; folk crafts div, woodcarving folk handicrafts; home interior div; textile div, and accessories div. Goods are widely imported from India, Indonesia, Thailand, Philippines, Guatemala, Pakistan, China, Vietnam, Nepal, France, Spain, other. Owns four subsidiaries: three in the wholesaling and one in the retailing, named KK UHT (United Handicraft of Tomo), operating 6 stores retailing these imported goods centrally. Wholesaling divisions include major specialty stores in the similar line of business.
FINANCIAL INFORMATION
Financials are disclosed in digested form for the first time for the Dec/2009 fiscal term.
The sales volume for Dec/2010 fiscal term amounted to Yen 1,447 million, a 3% up from Yen 1,410 million in the previous term. New wholesaling subsidiary founded during the term contributed. Ecological goods were in much demand. The net profit was posted at Yen 26 million, compared with Yen 23 million a year ago.
For the current term ending Dec 2011 the net profit is projected at Yen 28 million, on a 4% rise in turnover, to Yen 1,500 million. Demand is seen picking up.
The
financial situation is considered maintained FAIR and good for ORDINARY business engagements. Max
credit
limit is estimated at Yen 22.8 million, on 30 days normal terms.
REGISTRATION
Date Registered: Jan 1980
Regd No.: (Tokyo-Shinagawaku) 007051
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
4,000 shares
Issued:
1,000 shares
Sum: Yen 50 million
Major shareholders (%): Seizo
Tomooka (90), Hideko Tomooka (10)
No. of
shareholders: 2
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports and wholesales folk crafts, folk garments, textile materials, cutlery, table cloths, mats, fingerings, pierced earrings, scarves, bags, incenses, candles, table lamps, cutlery, textile materials, store curtains, table cloths, kitchen mats, jute items, handmade paper calendar, woodcarving, furniture, incense, incense stands, iron items, bamboo items, clothes, original designed fabrics, others (--100%)
(Countries of Origin / Trading Partners)
[Asia] India,
Indonesia, Thailand, Vietnam, Nepal, Taiwan, Hong Kong, China, Iran, Pakistan,
Philippines, and more
[Latin America]
Peru, Bolivia, Guatemala, Mexico, and more
[Europe] Greece,
Italy, Spain, and more
[Africa] in each
country
Clients: [Specialty stores, wholesalers] Friends Hill (50%), Etoile-Kaito, Bakers’ Street, Cabin, Shimachu, Passport, Bakers’ Street, UHT, You Corp, World College Corp, other.
No. of accounts: 3,000
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Imports from India, Indonesia, Thailand, China, Mexico, Peru, Italy, Spain, Nepal, Philippines, other.
Payment record: Regular
Location: Business area in Tokyo. Office premises at the caption address are leased and maintained satisfactorily.
Bank References:
· Mizuho Bank (Gotanda)
· MUFG (Gotanda)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
31/12/2011 |
31/12/2010 |
31/12/2009 |
31/12/2008 |
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Annual
Sales |
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1,500 |
1,447 |
1,410 |
1,446 |
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Recur.
Profit |
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Net
Profit |
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28 |
26 |
23 |
32 |
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Total
Assets |
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1,813 |
1,896 |
N/A |
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Current
Assets |
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666 |
743 |
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Current
Liabs |
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419 |
494 |
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Net
Worth |
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473 |
447 |
424 |
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Capital,
Paid-Up |
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50 |
50 |
50 |
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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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S.Growth Rate |
3.66 |
2.62 |
-2.49 |
3.43 |
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Current Ratio |
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.. |
158.95 |
150.40 |
.. |
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N.Worth Ratio |
.. |
26.09 |
23.58 |
.. |
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R.Profit/Sales |
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.. |
.. |
.. |
.. |
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N.Profit/Sales |
1.87 |
1.80 |
1.63 |
2.21 |
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Return On Equity |
.. |
5.50 |
5.15 |
7.55 |
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Notes:
Financials are disclosed in digested form for the first time for the 31/12/2009
fiscal term.
Forecast
(or estimated) figures for the 31/12/2011 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.52.67 |
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UK Pound |
1 |
Rs.82.53 |
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Euro |
1 |
Rs.69.13 |
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.