MIRA INFORM REPORT

 

 

Report No. :

342518

Report Date :

24.09.2015

 

IDENTIFICATION DETAILS

 

Name :

TOMO CORPORATION

 

 

Registered Office :

TOC Bldg 7F, 7-22-17 Nishigotanda Shinagawaku Tokyo 141-0031

 

 

Country :

Japan

 

 

Financials (as on) :

31.12.2014

 

 

Date of Incorporation :

January 1980

 

 

Com. Reg. No.:

0107-01-007051

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Imports and wholesales folk crafts, folk garments, textile materials, cutlery, table cloths, mats, fingerings, pierced earrings, scarves, bags, incenses, candles, table lamps, cutlery, textile materials, store curtains, table cloths, kitchen mats, jute items, handmade paper calendar, woodcarving, furniture, incense, incense stands, iron items, bamboo items, clothes, original designed fabrics, others (--100%)

 

 

No. of Employees :

45

 

 

 

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

 

 

 

 

 

 

 

COMPANY NAME

 

TOMO CORPORATION

 

REGD NAME:   KK Tomo Corporation

MAIN OFFICE:  TOC Bldg 7F, 7-22-17 Nishigotanda Shinagawaku Tokyo 141-0031 JAPAN

                                    Tel: 03-3494-3334     Fax: 03-3494-3316

 

URL:                 http://www.tomo-web.com/

 E-Mail address:            info@tomo-web.com

 

ACTIVITIES:     Import, wholesale of folk crafts, other

BRANCHES:     Tokyo (2) (subsidiaries), Osaka

 

OFFICER(S):     SEIZO TOMOOKA, PRES          Makoto Tomooka, s/mgn dir

                        Hideko Tomooka, mgn dir                      Kiyohide Tomooka, dir

                        Kozue Kuribayashi, dir  

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY      

 

FINANCES        FAIR                                         A/SALES          Yen 1,894 M

PAYMENTSSLOW BUT CORRECT         CAPITAL           Yen 50 M

TREND UP                                            WORTH            Yen 893 M

STARTED         1980                                         EMPLOYES      45

 

 

COMMENT      

 

TRADING FIRM SPECIALIZING IN FOLK CRAFTS, OTHERS. 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDI- NARY BUSINESS ENGAGEMENTS.

 

 

HIGHLIGHTS:

           

The subject company was established by Seizo Tomooka in order to make effective use of his previous experience in foreign trading.  This is a trading firm, owned and managed by the Tomooka family, specializing in import and wholesale of folk crafts centrally, having 4 marketing divisions; folk crafts div, woodcarving folk handicrafts; home interior div; textile div, and accessories div.  Goods are widely imported from India, Indonesia, Thailand, Philippines, Guatemala, Pakistan, China, Vietnam, Nepal, France, Spain, other.  Owns two subsidiaries: one in the wholesaling and one in the retailing, named KK UHT, operating 6 stores retailing these imported goods centrally.  Wholesaling divisions include major specialty stores in the similar line of business.

 

 

FINANCIAL INFORMATION:

 

The sales volume for Dec/2014 fiscal term amounted to Yen 1,894 million, a 4% up from Yen 1,815 million in the previous term.  Imports increased with clients expanded.  The recurring profit was posted at Yen 165 million and the net profit at Yen 102 million, respectively, compared with Yen 194 million recurring profit and Yen 123 million net profit, respectively, a year ago.

 

For the current term ending Dec 2015 the recurring profit is projected at Yen 175 million and the net profit at Yen 110 million, respectively, on a57% rise in turnover, to Yen 1,980 million..  .  Weaker Yen will contribute to raise sales earnings and profits in Yen terms.

           

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

 

 

REGISTRATION

 

Date Registered:                       Jan 1980

Regd No.:                                 0107-01-007051 (Tokyo-Shinagawaku)

Legal Status:                Limited Company (Kabushiki Kaisha)

Authorized:                  4,000 shares

Issued:                         1,000 shares

Sum:                            Yen 50 million

Major shareholders (%):           Seizo Tomooka (50), and families (--50) 

No. of shareholders: 7

           

Nothing detrimental is known as to the commercial morality of executives.

 

 

OPERATION:

 

Activities: Imports and wholesales folk crafts, folk garments, textile materials, cutlery, table cloths, mats, fingerings, pierced earrings, scarves, bags, incenses, candles, table lamps, cutlery, textile materials, store curtains, table cloths, kitchen mats, jute items, handmade paper calendar, woodcarving, furniture, incense, incense stands, iron items, bamboo items, clothes, original designed fabrics, others (--100%)

(Countries of Origin / Trading Partners)

[Asia] India, Indonesia, Thailand, Vietnam, Nepal, Taiwan, Hong Kong, China, Iran, Pakistan, Philippines, and more
[Latin American] Peru, Bolivia, Guatemala, Mexico, and more
[Europe] Greece, Italy, Spain, and more
[Africa] in each country

 

CLIENTS:

 

[Specialty stores, wholesalers] Friends Hill (50%), Etoile-Kaito, Bakers’ Street, Cabin, Shimachu, Passport, Bakers’ Street, UHT, Sagami Corp, Titicaca Corp, Trinity Arts, other.

No. of accounts: 350

Domestic areas of activities: Nationwide

 

SUPPLIERS:

 

[Mfrs, wholesalers] Imports from India, Indonesia, Thailand, China, Mexico, Peru, Italy, Spain, Nepal, Philippines, other.

 

 

PAYMENT RECORD:

 

Slow but correct           

 

 

LOCATION:

 

Business area in Tokyo.  Office premises at the caption address are leased and maintained satisfactorily.

 

 

BANK REFERENCES

 

Mizuho Bank (Gotanda)

MUFG (Gotanda)

Relations: Satisfactory

 

 

FINANCES (In Million Yen)

 

       Terms Ending:

31/12/2015

31/12/2014

31/12/2013

31/12/2012

Annual Sales

　

1,980

1,894

1,815

1,780

Recur. Profit

　

175

165

194

215

Net Profit

　

110

102

123

218

Total Assets

　

　

2,087

1,963

1,840

Current Assets

　

　

852

754

737

Current Liabs

　

　

230

229

282

Net Worth

　

　

893

791

668

Capital, Paid-Up

　

　

50

50

50

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

　

(%)

(%)

(%)

(%)

    S.Growth Rate

　

4.54

4.35

1.97

8.80

    Current Ratio

　

..

370.43

329.26

261.35

    N.Worth Ratio

　

..

42.79

40.30

36.30

    R.Profit/Sales

　

8.84

8.71

10.69

12.08

    N.Profit/Sales

　

5.56

5.39

6.78

12.25

    Return On Equity

　

..

11.42

15.55

32.63

 

Notes: Forecast (or estimated) figures for the 31/12/2015 fiscal term.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.65.97

UK Pound

1

Rs.101.19

Euro

1

Rs.73.38

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

TRU

 

               

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