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Report No. : |
299852 |
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Report Date : |
21.01.2015 |
IDENTIFICATION DETAILS
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Name : |
MOTO GARCON INC. |
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Registered Office : |
1-16-1, Imagawa, Suginami-ku, Tokyo |
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Country : |
Japan |
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Date of Incorporation : |
26.01.1983 |
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Com. Reg. No.: |
0113-01-009030 (Tokyo) |
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Legal Form : |
Private Limited Company |
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Line of Business : |
· Engaged in trading of Motorcycle & its Accessories · Engaged in providing repairing Service for motorcycle · Engaged as importer of motorcycle including Harley Davidson and Ducati. |
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No of Employees : |
30 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
US$ 85,000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but Correct |
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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, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
Japan |
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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. 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.
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Source : CIA |
MOTO GARCON INC.
Company name: MOTO GARCON INC.
Name in local language: MOTO
GARCON, K.K.
Office address: 1-34-16, Tobita-kyu, Chofu-shi, Tokyo
182-0036
Country: Japan
Office tel: 042-482-1170
Website: www.motogarcon.com
Business type: Trader/Service
Industry: Motorcycle
Established: January 26, 1983
Capital: Jp. 10,000,000 yen
Employees: 30
Corporate formation: Private
Corporation No.: 0113-01-009030
(Tokyo Legal Affairs Bureau)
Paid in capital : Jp.
10,000,000 yen
Number of authorized shares : 800
shares
Shares issued : 200
shares
Number of shareholder : 7
Name of shareholders
Number of
shares (%)
-----------------------------------------------------------------------------------------------------------
Mr. Masatoshi Ohtsubo, president 82
shares (41.0)
Mr. Yasuo Ohtsubo, director
40 shares (20.0)
Mr. Tadamichi Takai, director
36 shares (18.0)
Ms. Nobuko Yamamoto
16 shares ( 8.0)
-----------------------------------------------------------------------------------------------------------
Total
174
shares (87.0)
Activity Product/Service
Description
-------------------------------------------------------------------------------
Trading Motorcycle
Trading Accessories of motorcycle
Service Repair work of
motorcycle
President Mr. Masatoshi Ohtsubo
Nationality: Japan
Director Mr.
Masatoshi Kishiro
Nationality: Japan
Director Mr.
Tadamichi Takai
Nationality: Japan
Nationality: Japan
Auditor Ms. Miharu Ohtsubo
Nationality: Japan
Note: The names of director(s) and auditor(s) are phonetically spelt.
*Key Personnel*
=============
Mr. Masatoshi Ohtsubo
President and representative director
Born on June 17, 1947
Education: Graduated from Tokyo University of Science in 1971
Business career:
Apr. 1971:
Employed by Nissan Prince Tokyo Sales Co., Ltd.
Jan. 1980: Started
selling used cars as his side business while working as a commission sales
for Nissan Prince.
May 1982: Started
selling motorcycle under the name of “Moto Garcon.”
Jan. 26, 1983: The
above firm was incorporated and became a dealer of Yamaha, Suzuki and
Kawasaki
motorcycles.
Apr. 1996: Became
an authorized dealer of Harley Davidson Japan.
Home address: 1-16-1, Imagawa, Suginami-ku, Tokyo
Currency: (local currency - Jp. yen)
-------------------------------------------------------------------------------------
Year | Sales | Net Income
-------------------------------------------------------------------------------------
|
2008 |
1,230,000,000 |
10,000,000 |
|
2009 |
1,050,000,000 |
loss 10,000,000 |
|
2010 |
970,000,000 |
loss 5,000,000 |
|
2011 |
842,000,000 |
1,300,000 |
|
2012 |
927,000,000 |
6,000,000 |
|
2013 |
980,000,000 |
15,800,000 |
*Book Closing*
============
December 31st
*Financials*
==========
As a private limited company, no official financial statement is
required to be disclosed publicly.
*Bank Details*
============
Bank Name : Bank of
Tokyo-Mitsubishi UFJ, Ltd.
Branch : Mitaka
Bank Name : Mizuho Bank, Ltd.
Branch : Kichijoji
*Credit Opinion*
=============
Subject is a Tokyo-based firm, now specializing in dealing mainly with
Harley Davidson Japan.
The business founder started as a professional sales person of Nissan
Motor and then became a specialist of imported motorcycle including Harley
Davidson and Ducati.
The subject runs a shop in Okinawa far from Tokyo, of which reason is
unknown.
Sales has been declining or flat despite increased number of shops
opened.
The performance picked up for Dec. 2013 term after facing tough fiscal
years of 2009 through 2011.
Although the exact financial condition is not available due to
non-disclosure of its financial statements, there would be a certain amount of
retained earnings.
A weaker currency might affect the business to some extent though the
competitors are in the same position.
Our standard suggestion would be up to US$ 85,000 on terms of 90 days.
*Main Products & Services*
======================
Retailing motorcycle at the following shops:
-
Chofu
shop: at the head office
-
Higashi-murayama
shop: Higashi-murayama-shi, Tokyo
-
Okinawa
shop: Okinawa Prefecture
-
Shimo-takaido
shop: Shimo-takaido, Tokyo
*Address*
=========
Registered address: 1-16-1, Imagawa, Suginami-ku, Tokyo
This is also the
residence of the president.
Operational head office: 1-34-16, Tobita-kyu, Chofu-shi, Tokyo
The quoted address is for the Okinawa branch office of Harley Davidson
Japan K.K.
This location might be jointly operated by HDJ and the subject.
Date Development
-----------------------------------------------------------------------------------------------
January 26, 1983 Incorporated and started selling major brand
of motorcycle at Mitaka
shop.
April 1986 Founded Goland Co., Ltd.
March 1997 Opened Chofu shop and started selling
Harley Dvidson.
March 1999 Opened Higashi-murayama shop.
May 1999 Opened Okinawa shop.
December 2003 Closed Mitaka shop and opened Suginami shop
to deal with Ducati.
February
2007 Gorland was renamed as “Field Japan Co., Ltd.” to deal with
used
motorcycle of Harley Davidson.
November 2007 Relocated to expand the Okinawa shop as
the No.1 largest dealer of
HDJ in Okinawa
Prefecture.
March 2011 Relocated Suginami shop to
Shimo-takaido.
*Suppliers*
==========
Harley Davidson Japan K.K.(88%)
Ducati Japan K.K.(8%)
Field Japan Co., Ltd.(2%)
*Customers*
==========
General public (90%)
Business counterparts (7%)
Field Japan Co., Ltd. (3%)
Company name: Field Japan Co., Ltd.
Country: Japan
Status: Subsidiary
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.85 |
|
UK Pound |
1 |
Rs.93.27 |
|
Euro |
1 |
Rs.71.57 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
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|
|
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Report Prepared
by : |
MNL |
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 |
-- |
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.