|
Report No. : |
299853 |
|
Report Date : |
22.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
KOKUBO MOTORS LTD. |
|
|
|
|
Registered Office : |
1-14-2, Moto-yokoyama-cho, Hachioji-shi, Tokyo 192-0063 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Date of Incorporation : |
01.12.1971 |
|
|
|
|
Com. Reg. No.: |
0101-02-002573 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Trader/Service of Motorcycle and Related Accessories. |
|
|
|
|
No. of Employees : |
10 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limits : |
US$ 40,000 |
|
|
|
|
Status : |
Small Company |
|
|
|
|
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 – 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 |
KOKUBO MOTORS LTD.
Country: Japan
Company name: KOKUBO MOTORS LTD.
Name in local language: KOKUBO
MOTORS, Y.K.
Office address: 1-14-2,
Moto-yokoyama-cho, Hachioji-shi, Tokyo 192-0063
Office tel: 042-645-6105
Office fax: 042-644-9588
Website: www.kokubomotors.com
Business type: Trader/Service
Industry: Motorcycle and related
accessories
Established: December 1, 1971
Capital: Jp. 3,000,000 yen
Employees: 10
Corporate formation: Private
Corporation No.: 0101-02-002573
(Tokyo Legal Affairs Bureau)
Paid in capital : Jp.
3,000,000 yen
Number of authorized shares : 3,000
shares
Shares issued : 3,000
shares
Number of shareholder : n.
a.
Mr. Hiroto Kokubo, president, holds majority.
Activity Product/Service Description
-------------------------------------------------------------------------------
Trading Motorcycle
Trading Related accessories
Service Repair
work
President Mr. Hiroto Kokubo (*)
Nationality: Japan
Chairman Mr.
Haruo Kokubo (*)
Nationality: Japan
Senior Managing Director Mr.
Hiroyuki Kokubo
Nationality: Japan
Note: The names of
director(s) and auditor(s) are phonetically spelt.
(*) = representative
directors
*Key Personnel*
==============
Mr. Hiroto Kokubo
President and representative director since September 2000
Home address: 1-15-2, Moto-yokoyama-cho, Hachioji-shi, Tokyo
Currency: (local
currency - Jp. yen)
-------------------------------------------------------------------------------------
Year |
Sales | Net Income
-------------------------------------------------------------------------------------
|
2008 |
565,000,000 |
n. a. |
|
2009 |
533,000,000 |
n. a. |
|
2010 |
566,000,000 |
n. a. |
|
2011 |
522,000,000 |
n. a. |
|
2012 |
588,000,000 |
n. a. |
|
2013 |
612,000,000 |
n. a. |
*Book Closing*
============
November 30th
*Financials*
==========
As a private limited company, no official financial statement is
required to be disclosed publicly.
*Bank Details*
============
Bank Name : Mizuho Bank, Ltd.
Branch : Hachioji
*Credit Opinion*
=============
Subject is a small-sized firm, located in a suburban city of Tokyo
Metropolitan Area, specializing in retailing of motorcycle actually since 1966.
While the subject says that it deals with almost all brands of
motorcycle, its website appeals BMW and Harley Davidson intentionally.
Sales has been picking up for recent two years.
The amount of capital paid in, JPY 3 million, means that the capital
efficiency is greater than that of the same type firms located in far local
towns.
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.
Our standard suggestion would be up to US$ 40,000 on terms of 90 days.
*Main Products
& Services*
======================
Retailing of a wide range of domestic and imported motorcycle including:
-
BMW
Motorrad
-
Harley
Davidson
-
BUELL
-
Major
domestic brands
*Address*
=========
Registered address is the same as the operational address.
*Company History*
================
Date Development
-----------------------------------------------------------------------------------------------
1966 Started business as a sole
proprietorship.
December 1, 1971 Incorporated at the following address:
1-8-3, Moto-yokoyama-cho,
Hachioji-shi, Tokyo
August 1, 2011 Relocated to the current address.
*Suppliers*
==========
Honda Motor Co., Ltd.
BMW Tokyo K.K.
Harley Davidson Japan K.K.
Murayama Motors Co., Ltd.
*Customers*
==========
General public
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.61 |
|
|
1 |
Rs.93.49 |
|
Euro |
1 |
Rs.71.38 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NIT |
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.