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Report Date : |
12.03.2012 |
IDENTIFICATION DETAILS
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Name : |
COMOTA CO LTD |
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Registered Office : |
3-3-1 Nishishimbashi Minatoku Tokyo 105-0003 |
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Country : |
Japan |
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Financials (as on) : |
30.04.2011 |
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Date of Incorporation : |
1967 |
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Com. Reg. No.: |
0109-01-004297 (Tokyo-Setagayaku) |
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Legal Form : |
Limited
Company (Kabushiki Kaisha) |
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Line of Business : |
Mfr of
computers, POS systems, self console to petro SS stations |
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|
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No. of Employees : |
240 |
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 : |
Yen 88.9 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 – September 30, 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 |
COMOTA CO LTD
REGD NAME: Comota
KK
MAIN OFFICE: 3-3-1
Nishishimbashi Minatoku Tokyo 105-0003 JAPAN
Tel:
03-3433-3005
*..
Registered at: 1-16-3 Kaminoge Setagayaku Tokyo
URL: http://www.comota.co.jp/
E-Mail address: info@comota.co.jp
Mfr of
computers, POS systems, self console to petro SS stations
BRANCHES:Sapporo,
Sendai, Nagoya, Osaka, Fukuoka, Hiroshima, Nagano, Niigata, Chiba,
Kanagawa,
Kumamoto, Kagoshima, Okinawa, other (Tot 21)
FACTORIES: Yokohama (2)
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
FINANCES FAIR A/SALES Yen 6,504 M
PAYMENTS REGULAR CAPITAL Yen 99 M
TREND SLOW WORTH Yen
2,733 M
STARTED 1967 EMPLOYES 240
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 88.9 MILLION, 30 DAYS NORMAL TERMS.
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. Tatsuya is the founder’s son. The corporate name comes from: CO-MOTivative
Association. This is a specialized mfr
of computer & POS systems for use in self-service gasoline stations. Products include: metering machines, POS
systems, network computers, portable POS, automatic change dispenser,
other. Newly added monitoring &
security cameras. Operates 21 depots in
major cities nationwide. Clients include
Zen-Noh, oil refiners, gasoline stations, other, nationwide.
The
sales volume for Apr/2011 fiscal term amounted to Yen 6,504 million, a 13% down
from Yen 7,509 million in the previous term.
Business was negatively affected by the impacts of the North East
Earthquake that occurred on 11/03/2011.
Many gas stations were damaged and shut down operations. Supply chains were disrupted. Consumer spending was sluggish. Due to high price of gasoline, consumers tend
to use less car driving than before.
Commutation by cars was substantially decreased. The recurring profit was posted at Yen 515
million and the net profit at Yen 309 million, respectively, compared with Yen
530 million recurring profit and Yen 292 million net profit, respectively, a
year ago.
For
the current term ending Apr 2012 the recurring profit is projected at Yen 530
million and the net profit at Yen 320 million, respectively, on a 3% rise in
turnover, to Yen 6,700 million.
The financial situation is considered FAIR and
good for ORDINARY business engagements.
Max credit limit is estimated at Yen 88.9 million, on 30 days normal
terms. The proposed amount for 90 days
terms is considered well within the firm’s financial capacities.
Date Registered: Nov 1967
Regd No.: 0109-01-004297
(Tokyo-Setagayaku)
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.
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, monitoring cameras, security cameras, 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, JA Mitsui Leasing, JX
Nippon Oil & Energy Trading Corp, 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 Co, Daichu Technologies, Toyo Alpha Net Co, SAXA Inc, other.
Payment record:
Regular
Location:
Business area in Tokyo. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References:
MUFG
(Shimbashi)
SMBC
(Hibiya)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
30/04/2012 |
30/04/2011 |
30/04/2010 |
30/04/2009 |
|
|
Annual
Sales |
|
6,700 |
6,504 |
7,509 |
9,177 |
|
Recur.
Profit |
|
530 |
515 |
530 |
495 |
|
Net
Profit |
|
320 |
309 |
292 |
292 |
|
Total
Assets |
|
|
5,604 |
6,065 |
6,506 |
|
Current
Assets |
|
|
4,168 |
4,612 |
4,982 |
|
Current
Liabs |
|
|
2,607 |
3,363 |
4,066 |
|
Net
Worth |
|
|
2,733 |
2,438 |
2,160 |
|
Capital,
Paid-Up |
|
|
99 |
99 |
99 |
|
Div.P.Share(¥) |
|
|
70.00 |
75.00 |
70.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
3.01 |
-13.38 |
-18.18 |
-7.98 |
|
|
Current Ratio |
|
.. |
159.88 |
137.14 |
122.53 |
|
N.Worth Ratio |
.. |
48.77 |
40.20 |
33.20 |
|
|
R.Profit/Sales |
|
7.91 |
7.92 |
7.06 |
5.39 |
|
N.Profit/Sales |
4.78 |
4.75 |
3.89 |
3.18 |
|
|
Return On Equity |
.. |
11.31 |
11.98 |
13.52 |
|
Notes:
Forecast (or estimated) figures for the 30/04/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.22 |
|
|
1 |
Rs.78.63 |
|
Euro |
1 |
Rs.65.53 |
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.