MIRA INFORM REPORT

 

 

Report Date :           

30.11.2011

 

IDENTIFICATION DETAILS

 

Name :

COMODOMATTINA INC

 

 

Registered Office :

Kyoritsu Iriya Bldg 7F, 1-27-5 Iriya Taitoku Tokyo 110-0013

 

 

Country :

Japan

 

 

Financials (as on) :

28.02.2011

 

 

Date of Incorporation :

June 2001

 

 

Com. Reg. No.:

 (Tokyo-Taitoku) 020680

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, Export, Wholesale of audio/visual equipment, conference system

 

 

No. of Employees :

5 Persons

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

Yen 8.1 Million

Status :

Small Company 

Payment Behaviour :

Regular

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

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Japan

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name

 

COMODOMATTINA INC

 

 

REGD NAME

 

Comodomattina KK

 

 

MAIN OFFICE

 

Kyoritsu Iriya Bldg 7F, 1-27-5 Iriya Taitoku Tokyo 110-0013 JAPAN

Tel: 03-5808-5912      Fax: 03-5808-5913

                                               

URL:                             http://www.comodo0mattina.com

E-Mail address:                        info@comodo-mattina.com

 

 

ACTIVITIES

 

Import, export, wholesale of audio/visual equipment, conference system

 

 

BRANCHES

 

Osaka, Sapporo

 

 

OFFICERS

 

TAKASHI ASAHINA, PRES                   

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES                    FAIR                             A/SALES          Yen 120 M

PAYMENTS                  REGULAR                     CAPITAL           Yen 30 M

TREND             SLOW                          WORTH            Yen 43 M

STARTED                     2001                             EMPLOYES      5

 

COMMENT

 

TRADING FIRM SPECIALIZING IN AUDIO/VISUAL EQUIPMENT.

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

 

MAX CREDIT LIMIT: YEN 8.1 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

 

The subject company was established by Takashi Asahina in order to make most of his experience in the subject line of business.  This is a trading firm specializing in import, export and wholesale of electro audio/visual equipment, electro-filming equipment, conference systems, other accessories.  Goods are imported from Taiwan, other.

 

 

FINANCIAL INFORMATION

 

Financial are only partially disclosed.

 

The sales volume for Feb/2011 fiscal term amounted to Yen 120 million, a 10% down from Yen 134 million in the previous term.  Sales to business firms decreased as affected by the global economic downturn, particularly in the first half of the term.  The net profit was posted at Yen 1 million, similarly in the previous tem.

 

For the current term ending Feb 2012 the net profit is projected at Yen 1 million, on a 4% rise in turnover, to Yen 125 million.  Business has revived.  Demand increased.

 

The financial situation is considered maintained FAIR and good for ORDINARY business engagements.  Max credit limit is estimated at Yen 2.1 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:  Jun 2001

Regd No.:         (Tokyo-Taitoku) 020680

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         2,400 shares

Issued:                600 shares

Sum:                   Yen 30 million

 

Major shareholders (%): Takashi Asahina (33.3), S Chou (33.3), Inter M (33.3)

 

No. of shareholders: 3

 

Nothing detrimental is known as to the commercial morality of executives.

 

 

 

OPERATION

           

Activities: Imports, exports and wholesales audio/visual equipment, filming equipment, conference systems, and accessories (mixers, speakers, amplifiers, DSP, transmission systems, sound tube, other (--100%)

 

Clients: [Mfrs, wholesalers] Victor Arcs Co, Kyoiku Sangyo KK, Denon Engineering Co, Sony Broadband Solution, Eizo System Co, Panasonic SS Marketing, Yamaha Sound System, Warner Mycal Corp, other

            No. of accounts: 300

            Domestic areas of activities: Nationwide

 

Suppliers: [Mfrs, wholesalers] DIS, Light Viper, Renku-Heinz, Allen &Heath, Xilica, Audio Science, Inter-M Corp, other

 

Payment record: Regular

 

Location: Business area in Tokyo.  Office premises at the caption address are leased and maintained satisfactorily.

 

Bank References:

·         Johoku Shinkin Bank (Daito)

·         MUFG (Nippori)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

Terms Ending:

　

29/02/2012

28/02/2011

28/02/2010

28/02/2009

Annual Sales

　

125

120

134

180

Recur. Profit

　

　

　

　

　

Net Profit

　

1

1

1

1

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

43

42

41

Capital, Paid-Up

　

　

30

30

30

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

4.17

-10.45

-25.56

-32.84

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

0.80

0.83

0.75

0.56

 

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 29/02/2012 fiscal term.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.93

UK Pound

1

Rs.80.62

Euro

1

Rs.69.37

 

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.