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Report Date : |
05.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
KOMURA CORPORATION |
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Registered Office : |
3-9 Nishi-Yuge Yao City Osaka-Pref |
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Country : |
Japan |
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Financials (as on) : |
31.08.2013 |
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Date of Incorporation : |
March, 1963 |
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Reg. No.: |
1220-01-018430 (Osaka-Yao) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Mfg of nursing care equipment & supplies |
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No. of Employees : |
76 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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. Prime Minister Shinzo ABE
has declared the economy his government's top priority; he has overturned his
predecessor's plan to permanently close nuclear power plants and is pursuing an
economic revitalization agenda of fiscal stimulus, monetary easing, and
structural reform. Japan joined the Trans Pacific Partnership negotiations in
2013, a pact that would open Japan's economy to increased foreign competition
and create new export opportunities for Japanese businesses. Measured on a
purchasing power parity (PPP) basis that adjusts for price differences, Japan
in 2013 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 is
exceeding 230% of GDP. To help raise government revenue and reduce public debt,
Japan decided in 2013 to gradually increase the consumption tax to a total of
10% by the year 2015. Japan is making progress on ending deflation due to a
weaker yen and higher energy costs, but reliance on exports to drive growth and
an aging, shrinking population pose other major long-term challenges for the
economy.
|
Source
: CIA |
KOMURA CORPORATION
KK Komura Seisakusho
3-9 Nishi-Yuge Yao City Osaka-Pref JAPAN
Tel: 072-949-0011 Fax:
072-949-0009
E-Mail address: (thru the URL)
Mfg of nursing care equipment & supplies
Nil
At the caption address
TAKASHI KOMURA, PRES Hiroshi
Komura, v pres
Makoto Ando, mgn dir Taisuke
Komura, dir
Yen Amount: In million Yen,
unless otherwise stated
FINANCES FAIR A/SALES Yen 11,852 M
PAYMENTS NO COMPLAINTS CAPITAL Yen 64 M
TREND SLOW WORTH Yen 376 M
STARTED 1963 EMPLOYES 76
MFR OF NURSING CARE EQUIPMENT & SUPPLIES.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
The subject company was established by father of Takashi Komura in order
to make most of his experience in the subject line of business. This is a specialize mfr of nursing care
beds, chairs, tables, nursing care carts, other. Tops in this line of
business. Clients include medical
institutions, nursing care homes, other.
The sales volume for Aug/2013 fiscal term amounted to Yen 1,852 million,
a 6% down from Yen 1,960 million in the previous term. The recurring profit was posted at Yen 79
million and the net profit at Yen 48 million, respectively, compared with Yen
114 million recurring profit and Yen 54 million net profit, respectively, a
year ago.
For the current term ending Aug 2014 the recurring profit is projected
at Yen 85 million and the net profit at Yen 55 million, respectively, on a 5%
rise in turnover, to Yen 1,950 million.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
Date
Registered: Mar 1963
Regd
No.; 1220-01-018430
(Osaka-Yao)
Legal
Status: Limited
Company (Kabushiki Kaisha)
Authorized: 516,000 shares
Issued:
129,000 shares
Sum:
Yen
64.5 million
Major
shareholders (%): Takashi Komura (33), Osaka Small & Medium Business Promotion &
Investment Assn
(23), Hiroshi Komura (23), Taisuke Komura (8)
No.
of shareholders: 7
Nothing detrimental is known as to the
commercial morality of executives.
Activities: Manufactures nursing care
equipment & supplies: nursing care beds, electric elevating chairs, tables,
mini tables, ups & downs tables, nursing carts, other (--100%)
Clients: [Mfrs, wholesalers] Nidek
Co, Toto Ltd, OG Giken Co, Toyo Pending, Tiger Kawashima, Mutoh Industries,
Carl Zeiss Meditech, Showa Boeki, Seahonence Inc, Nishikawa Living, other
No. of accounts: 300
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Hitachi
Ltd, Nikkei Sangyo Co, Nikkoh Electronics Co, Dainaga Co, The Pack Corp, other
Payment
record: No Complaints
Location: Business area in Yao City,
Osaka-Pref. Office premises at the
caption address are owned and maintained satisfactorily.
Bank
References:
MUFG (Abenobashi-Nishi)
Bank of Nagoya
(Osaka)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/08/2014 |
31/08/2013 |
31/08/2012 |
31/08/2011 |
|
|
Annual Sales |
|
1,950 |
1,852 |
1,960 |
1,946 |
|
Recur. Profit |
|
85 |
79 |
114 |
118 |
|
Net Profit |
|
55 |
48 |
54 |
50 |
|
Total Assets |
|
|
2,174 |
1,974 |
2,081 |
|
Current Assets |
|
|
1,218 |
1,073 |
1,095 |
|
Current Liabs |
|
|
938 |
773 |
780 |
|
Net Worth |
|
|
376 |
336 |
288 |
|
Capital, Paid-Up |
|
|
64 |
64 |
64 |
|
Div.Ttl in Million (¥) |
|
|
9.6 |
6.4 |
3.2 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
5.29 |
-5.51 |
0.72 |
-3.66 |
|
|
Current Ratio |
.. |
129.85 |
138.81 |
140.38 |
|
|
N.Worth Ratio |
.. |
17.30 |
17.02 |
13.84 |
|
|
R.Profit/Sales |
4.36 |
4.27 |
5.82 |
6.06 |
|
|
N.Profit/Sales |
2.82 |
2.59 |
2.76 |
2.57 |
|
|
Return On Equity |
.. |
12.77 |
16.07 |
17.36 |
|
Notes: Forecast (or estimated) figures for the 31/08/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.32 |
|
|
1 |
Rs.100.04 |
|
Euro |
1 |
Rs.82.65 |
INFORMATION DETAILS
|
Report Prepared by
: |
SDA |
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.