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Report Date : |
18.04.2013 |
IDENTIFICATION DETAILS
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Name : |
COMOTA CO LTD |
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Registered Office : |
1-16-3 Kaminoge Setagayaku Tokyo
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Country : |
Japan |
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Financials (as on) : |
30.04.2012 |
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Date of Incorporation : |
November 1967 |
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Com. Reg. No.: |
0109-01-004297 (Tokyo-Setagayaku) |
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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 |
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No. of Employees : |
240 |
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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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Japan |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
|
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 |
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 a technologically 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. Japan's industrial sector is
heavily dependent on imported raw materials and 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 spectacular - 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 after effects 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 three times
since 2008. A sharp downturn in business investment and global demand for
Japan's exports in late 2008 pushed Japan into recession. 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 disrupted manufacturing. The economy has largely
recovered in the two years since the disaster, but reconstruction in the Tohoku
region has been uneven. Newly-elected Prime Minister Shinzo ABE has declared
the economy his government's top priority; he has pledged to reconsider his
predecessor's plan to permanently close nuclear power plants and is pursuing an
economic revitalization agenda of fiscal stimulus and regulatory reform and has
said he will press the Bank of Japan to loosen monetary policy. Measured on a
purchasing power parity (PPP) basis that adjusts for price differences, Japan
in 2012 stood as the fourth-largest economy in the world after second-place
China, which surpassed Japan in 2001, and third-place India, which edged out
Japan in 2012. The new government will continue a longstanding debate on
restructuring the economy and reining in Japan's huge government debt, which
exceeds 200% of GDP. Persistent deflation, reliance on exports to drive growth,
and an aging and shrinking population are other major long-term challenges for
the economy.
|
Source : CIA |
COMOTA CO LTD
Comota KK
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
Sapporo, Sendai, Nagoya, Osaka, Fukuoka, Hiroshima, Nagano, Niigata, Chiba, Kanagawa, Kumamoto, Kagoshima, Okinawa, other (Tot 24)
Yokohama (2), Shizuoka
TATSUYA
KAWAMOTO, PRES Sawako
Kawamoto, ch
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 6,686 M
PAYMENTS No Complaints CAPITAL Yen 99 M
TREND UP WORTH Yen 3,059 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$500,000 / O/A 90 DAYS.
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 24 depots in major
cities nationwide. Clients include
Zen-Noh, oil refiners, gasoline stations, other, nationwide.
The sales volume for Apr/2012 fiscal term amounted to Yen 6,686 million,
a 3% up from Yen 6,804 million in the previous term. The recurring profit was posted at Yen 591
million and the net profit at Yen 339 million, respectively, compared with Yen
515 million recurring profit and Yen 309 million net profit, respectively, a
year ago.
For the current term ending Apr 2013 the recurring profit is projected
at Yen 610 million and the net profit at Yen 350 million, respectively, on a 3%
rise in turnover, to Yen 6,900 million.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
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: 36
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, Ikuta Printing Co, other.
Payment record: No Complaints
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: |
30/04/2013 |
30/04/2012 |
30/04/2011 |
30/04/2010 |
|
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Annual
Sales |
|
6,900 |
6,686 |
6,504 |
7,509 |
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Recur.
Profit |
|
610 |
591 |
515 |
530 |
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Net
Profit |
|
350 |
339 |
309 |
292 |
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Total
Assets |
|
|
5,896 |
5,604 |
6,065 |
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Current
Assets |
|
|
4,462 |
4,168 |
4,612 |
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Current
Liabs |
|
|
2,573 |
2,607 |
3,353 |
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Net
Worth |
|
|
3,059 |
2,733 |
2,438 |
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Capital,
Paid-Up |
|
|
99 |
99 |
99 |
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Div.P.Share(¥) |
|
|
85.00 |
70.00 |
75.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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|
S.Growth Rate |
3.20 |
2.80 |
-13.38 |
-18.18 |
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Current Ratio |
|
.. |
173.42 |
159.88 |
137.55 |
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N.Worth Ratio |
.. |
51.88 |
48.77 |
40.20 |
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R.Profit/Sales |
|
8.84 |
8.84 |
7.92 |
7.06 |
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N.Profit/Sales |
5.07 |
5.07 |
4.75 |
3.89 |
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|
Return On Equity |
.. |
11.08 |
11.31 |
11.98 |
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Notes:
Forecast (or estimated) figures for the 30/04/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.94 |
|
UK Pound |
1 |
Rs.82.77 |
|
Euro |
1 |
Rs.71.05 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
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 |
|
---- |
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.