|
Report No. : |
299855 |
|
Report Date : |
20.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
GOTO MOTORS CO., LTD. |
|
|
|
|
Registered Office : |
1924-2, Ouchi-Mihori, Yamaguchi-shi, Yamaguchi Pref. 753-0214 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Date of Incorporation : |
30.03.1977 |
|
|
|
|
Com. Reg. No.: |
2500-01-000203 (Yamaguchi Legal Affairs Bureau) |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Trader of Motorcycle and Service provider of Car maintenance |
|
|
|
|
No. of Employee : |
14 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
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, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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. 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 |
In absence of financials, no credit limit could be recommended.
GOTO MOTORS CO.,
LTD.
Country: Japan
Company name: GOTO MOTORS CO., LTD.
Name in local language: GOTO
MOTORS, K.K. (株式会社後藤モータース)
Office address: 1924-2, Ouchi-Mihori,
Yamaguchi-shi, Yamaguchi Pref. 753-0214
Office tel: 083-922-0747
Office fax: 083-922-0749
Website: www.goto-motors.com
Business type: Trader
Industry: Motorcycle
Established: March 30,1977
Capital: Jp.
20,000,000 yen
Employees: 14
Corporate formation: Private
Corporation No.: 2500-01-000203
(Yamaguchi Legal Affairs Bureau)
Paid in capital : Jp.
20,000,000 yen
Number of authorized shares : 2,800
shares
Shares issued : 2,000
shares
Number of shareholder n.
a.
Name of
shareholders Number
of shares (%)
--------------------------------------------------------------------------------------------
Mr. Tadahiko Goto 600 shares (30.0)
Mr. Tsutomu Nishimura 325 shares (16.2)
Ms. Emika Goto 203 shares (10.1)
Mr. Haruji Shimizu 150 shares ( 7.5)
Ms. Ikuyo Murasaki 115 shares ( 5.7)
---------------------------------------------------------------------------------------------
Total 1,393 shares (69.5)
Activity Product/Service
Description
-------------------------------------------------------------------------------
Trading Motorcycle
Service Car
maintenance
President Mr. Shinsuke Goto
Nationality: Japan
Director Mr.
Tadahiko Goto
Nationality: Japan
Director Mr. Tatsuya Tokumoto
Nationality: Japan
Director Mr. Kazutoshi Matsumura
Nationality: Japan
Auditor Mr. Gensuke Ueda
Nationality: Japan
Auditor Mr. Katsuyoshi Sasaki
Nationality: Japan
Note: The names of director(s) and auditor(s) are phonetically spelt.
*Key Personnel*
==============
Mr. Shinsuke Goto
President and representative director
Business career:
November,2013 Director
November,2014 President
Home address: 225-8, Ouchi-Mihori, Yamaguchi-shi, Yamaguchi Pref.
753-0214
Currency: (local currency - Jp. yen)
-------------------------------------------------------------------------------------
Year |
Sales | Net Income
-------------------------------------------------------------------------------------
|
2008 |
909,339,000 |
4,948,000 |
|
2009 |
816,451,000 |
1,685,000 |
|
2010 |
607,901,000 |
loss 75,748,000 |
|
2011 |
510,644,000 |
17,772,000 |
|
2012 |
508,797,000 |
loss 4,416,000 |
|
2013 |
504,163,000 |
2,497,000 |
*Book Closing*
============
September 30th
*Financials*
==========
As a private limited company, no official financial statement is
required to be disclosed publicly.
*Bank Details*
============
Bank Name : Yamaguchi Bank Ltd.
Branch : Yamaguchi
Bank Name : Hagi-Yamaguchi Shinkin
Bank
Branch : Mihori
Bank Name : The Momiji Bank
Ltd.
Branch : Hofu
*Credit Opinion*
=============
Subject is a local firm, located in Yamaguchi City, in the westernmost
prefecture in the Honshu Island of the nation.
The subject has been representing Harley Davidson, a reputed motorcycle
for a long time.
The big loss was posted for Sep. 2010 term, and a complete recovery does
not appear to have been made yet.
Although the length of the business history sounds like a local
ti0me-honored firm, some instability has been seen in terms of net income
record.
To play it safe, it would be advisable to enter into any business under
well-secured conditions.
If the subject is well-financed, it should be no problem to pay in
advance.
No recommendation for any open accounts at present.
Branch name: Harley Davidson Kanmon
Branch address: 1-10-7,Katsuya-Shinmachi,Yamaguchi-City,Yamaguchi
Pref.
Branch tel: 083-263-5180
Branch fax: 083-263-5181
----------------------------------------------------------------------------------------------------
*Main Products & Services*
======================
Motorcycle retail
Car maintenance
*Address*
=========
Registered address is the same as the operational address.
*Company History*
================
Date Development
-----------------------------------------------------------------------------------------------
1965 Started
business as a sole proprietorship.
March 30,1977 Incorporated.
*Suppliers*
==========
Harley Davidson Japan K.K.
*Customers*
==========
Rider’s Spot Murata Co., Ltd.
Big Bike Co., Ltd.
General Customer
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.69 |
|
|
1 |
Rs.93.41 |
|
Euro |
1 |
Rs.71.33 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
DPT |
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.