MIRA INFORM REPORT

 

 

Report No. :

315622

Report Date :

18.04.2015

 

IDENTIFICATION DETAILS

 

Name :

COMOTA CO LTD

 

 

Registered Office :

2F KC Bldg., 2-34-4 Nishishimbashi Minatoku, Tokyo 105-3005

 

 

Country :

Japan

 

 

Financials (as on) :

30.04.2014

 

 

Date of Incorporation :

November 1967

 

 

Com. Reg. No.:

0109-01-004297

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Manufacturing of Computers, POS Systems, Self-Console to Petro SS Stations.

 

 

No. of Employees :

350

 

 

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

 

Status :

Satisfactory

Payment Behaviour :

No Complaints

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 – December 31, 2014

 

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

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. Since the complete shutdown of Japan’s nuclear reactors after the earthquake and tsunami disaster in 2011, Japan's industrial sector has become 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 four 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. A sales tax increase caused the economy to contract during the 2nd and 3rd quarters of 2014. The economy has largely recovered in the three years since the disaster, but reconstruction in the Tohoku region has been uneven due to labor shortages. 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 2014 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 government will continue a longstanding debate on restructuring the economy and reining in Japan's huge government debt, which amounts to more than 240% 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 2015, although the government in 2014 decided to postpone the final phase of the increase until 2017 to give the economy time to recover from the 2014 increase. 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

 

 

Company name & address

 

ENGLISH COMPANY NAME

COMOTA CO LTD

Japanese company name

COMOTA KK

Registered Office

1. Street Number and District

2F KC Bldg., 2-34-4 Nishishimbashi Minatoku

2. City and Perefecture

Tokyo

3. ZIP Code

105-3005

4. Country

JAPAN

*Registered at: 1-6-3 Kaminoge Setagayaku Tokyo

TEL

03-3433-3005

FAX

03-3433-3155

URL

www.comota.co.jp/

Email Address

info@comota.co.jp

Activities (Services & Products)

Mfg of computers, POS systems, self-console to petro SS stations.

 

 

 

 

 

SUMMARY OF REPORT

Annual Sales (MM YEN)

8,157

Capital Amount (MM YEN)

99

Net Worth (MM YEN)

Unavailable

FINANCES

FAIR

TREND

UP

EMPLOYEES

350

OTHER INFORMATION FOLLOWS:

Year Started

1967

Month and Year Registered

Nov. 1967

Regd No.

0109-01-004297

Major Shareholders

1

Tatsuya Kawamoto

2

Hiromasa Kawamoto

3

Other

Number of Shareholders

35

Authorized Shares

799,840

Issued Shares

199,960

Executives

PRESIDENT

TATSUYA KAWAMOTO

Adviser

Sawako Kawamoto

Director

Takeshi Yokohama

Director

Shiro Tani

Director

Hiromasa Kawamoto

Director

Yoshiaki Takagi

Main Banks

1

MUFG (Shimbashi)

2

SMBC (Hibiya)

Relations

Satisfactory

Clients

1

Zen-Noh

2

EMG Marketing

3

Showa Shell Sekiyu

4

Tokyo Century Leasing

5

Other

Suppliers

1

IBM Japan

2

Panasonic System Solutions Japan

3

Oki Electric Industry

4

Toyo Networks & System Integration Corporation

5

Other

Branches

1

Sapporo

2

Sendai

3

Nagoya

4

Osaka

5

Other (total 23)

Factories

1

Yokohama (development solution centor)

2

Shizuoka (system centor)

3

Shizuoka (total business centor)

Overseas

1

None

HIGHLIGHT and COMMENT

The subject company was established by husband of Sawako Kawamoto, now adviser 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 23 depots in major cities nationwide. Clients include Zen-Noh, oil refiners, gasoline stations, other, nationwide.

FINANCIAL INFORMATION

Finance partially disclosed

The sales volume for April/2014 fiscal term amounted to Yen 8,157 million, a 4.5% up from Yen 7,805 million in the previous term.  The recurring profit was posted at Yen 756 million and the net profit at Yen 492 million, respectively, compared with Yen 753 million recurring profit and Yen 450 million net profit, respectively, a year ago.

For the current term ending April 2015, the net profit at Yen 502 is estimated based on 2% rise in turnover, to Yen 8,320 million. Final result are yet to be released.

                                           
The financial situation is considered Fair and good for ORDINARY business engagements. 

PLEASE ATTACH THE FINANCIALS BELOW.

Note: Forecast (or estimated) figures for the 30/04/2015 fiscal term

Terms Ending:

30/04/2015

30/04/2014

30/04/2013

30/04/2012

Annual Sales

8,320

8,157

7,805

6,686

Recur. Profit

..

756

753

591

Net Profit

502

492

450

339

Total Assets

 

6,999

6,533

5,896

Net Worth

 

 

3,492

3,059

Capital, Paid-Up

 

99

99

99

Div.P.Share(¥)

 

 

115.00

85.00

<Analytical Data>

(%)

(%)

(%)

(%)

       S.Growth Rate

2.00

4.51

16.74

 

       Current Ratio

 

..

..

..

       N.Worth Ratio

 

 

 

 

       N.Profit/Sales

6.03

6.03

5.77

5.07

 

 

FILENAME (ENGLISH TITLE)

 

 

 

 

Terms Ending:

30/04/2015

30/04/2014

30/04/2013

30/04/2012

30/04/2011

30/04/2010

Annual Sales

8,320

8,157

7,805

6,686

6,504

Recur. Profit

..

756

753

591

515

Net Profit

502

492

450

339

309

Total Assets

 

6,999

6,533

5,896

5,604

Net Worth

 

 

3,492

3,059

2,733

-1,590

Capital, Paid-Up

 

99

99

99

99

Div.P.Share(¥)

 

 

115.00

85.00

70.00

<Analytical Data>

(%)

(%)

(%)

(%)

(%)

(%)

       S.Growth Rate

2.00

4.51

16.74

2.80

..

..

       Current Ratio

 

..

..

..

..

..

       N.Worth Ratio

 

 

 

 

 

..

       N.Profit/Sales

6.03

6.03

5.77

5.07

4.75

..

 

 

 

 

 

 

 

S/Hldrs' Equity

-492

-942

-1,281

-1,590

Div or Taxes

Offs' Bonus

Current Assets

Current Liabs

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.62.35

UK Pound

1

Rs.93.10

Euro

1

Rs.67.13

 

 

INFORMATION DETAILS

 

Analysis Done by :

KAR

 

 

Report Prepared by :

TPT

 

               


 

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.