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Report Date : |
31.05.2013 |
IDENTIFICATION DETAILS
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Name : |
TOMO CORPORATION LTD |
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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) : |
31.12.2012 |
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Date of Incorporation : |
January, 1980 |
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Com. Reg. No.: |
0107-01-007051 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale of folk crafts, other |
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No. of Employees : |
57 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
COMPANY NAME
TOMO CORPORATION
LTD
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
URL: Error!
Hyperlink reference not valid.
E-Mail address: info@tomo-web.com
ACTIVITIES:
Import, wholesale of folk crafts, other
BRANCHES:
Tokyo (2) (subsidiaries), Osaka
OFFICER(S):
SEIZO TOMOOKA, PRES Makoto
Tomooka, s/mgn dir
Hideko Tomooka, mgn dir Kiyohide
Tomooka, dir
Kozue Kuribayashi, dir
Yen Amount: In million Yen,
unless otherwise stated
SUMMARY:
FINANCES FAIR A/SALES Yen 1,780 M
PAYMENTS SMALL COMPANY CAPITAL Yen
50 M
TREND UP WORTH Yen 668 M
STARTED 1980 EMPLOYES 57
COMMENT:
IMPORTER AND WHOLESALER SPECIALIZING IN FOLK CRAFTS, OTHERS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDI-NARY BUSINESS
ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 40.2 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 two
subsidiaries: one in the wholesaling and one in the retailing, named KK UHT,
operating 6 stores retailing these imported goods centrally. Wholesaling divisions include major specialty
stores in the similar line of business.
FINANCIAL
INFORMATION:
The sales volume for Dec/2012 fiscal term amounted to Yen 1,780 million,
a 9% up from Yen 1,636 million in the previous term. Imports increased with clients expanded. The recurring profit was posted at Yen 215
million and the net profit at Yen 218 million, respectively, compared with Yen
87 million net profit a year ago.
For the current term ending Dec 2013 the recurring profit is projected
at Yen 230 million and the net profit at Yen 230 million, respectively, on a 7%
rise in turnover, to Yen 1,900 million..
Demand is seen picking up. Weaker
Yen will contribute to raise sales earnings and profits in Yen terms.
The financial situation is considered maintained FAIR and good for ORDINARY
business engagements. Max credit limit is estimated at Yen 40.2
million, on 30 days normal terms.
REGISTRATION
Date
Registered: Jan 1980
Regd No.: 0107-01-007051 (Tokyo-Shinagawaku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 4,000 shares
Issued: 1,000
shares
Sum: Yen
50 million
Major shareholders
(%): Seizo Tomooka (50), and families (--50)
No. of shareholders: 7
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 American] 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, Sagami Corp, Titicaca Corp, other.
No. of accounts: 500
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Imports from India, Indonesia, Thailand, China, Mexico, Peru,
Italy, Spain, Nepal, Philippines, other.
Payment record: Small Company
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
Mizuho Bank (Gotanda)
MUFG (Mita)
Relations: Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
31/12/2013 |
31/12/2012 |
31/12/2011 |
31/12/2010 |
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Annual Sales |
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1,900 |
1,780 |
1,636 |
1,447 |
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Recur. Profit |
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230 |
215 |
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Net Profit |
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230 |
218 |
87 |
26 |
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Total Assets |
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1,840 |
1,757 |
1,813 |
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Current Assets |
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737 |
666 |
650 |
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Current Liabs |
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282 |
235 |
419 |
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Net Worth |
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668 |
542 |
473 |
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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 |
6.74 |
8.80 |
13.06 |
2.62 |
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Current Ratio |
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261.35 |
283.40 |
155.13 |
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N.Worth Ratio |
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36.30 |
30.85 |
26.09 |
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R.Profit/Sales |
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12.11 |
12.08 |
.. |
.. |
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N.Profit/Sales |
12.11 |
12.25 |
5.32 |
1.80 |
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Return On Equity |
.. |
32.63 |
16.05 |
5.50 |
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Notes: Forecast (or estimated) figures for the 31/12/2013 fiscal term.
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.