MIRA
INFORM REPORT
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Report Date : |
22nd
January, 2007 |
IDENTIFICATION DETAILS
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Name : |
AMADA CO LTD |
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Registered Office : |
200 |
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Country : |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
May
1948 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Manufacturer
of metal working machinery. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
Yen 8,050.4 Million |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company Name
AMADA CO LTD
REGD NAME
KK Amada
MAIN OFFICE
200 Ishida Isehara City
Kanagawa-Pref 259-1196
Tel : 0463-96-1111
Fax : 0463-96-3281
URL : http://www.amada.co.jp/
E-Mail address : info@amada.co.jp
ACTIVITIES
Mfg of metal working
machinery
BRANCHES
46 (domestic), 200
affiliates overseas
FACTORY(IES)
Fujinomiya, Odawara,
Ono, Isehara
CHIEF EXEC
MITSUO OKAMOTO, PRES
& CEO
Yen Amount
In million Yen,
unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 221,780 M
PAYMENTS REGULAR CAPITAL Yen 54,768 M
TREND STEADY WORTH Yen
394691 M
STARTED 1948 EMPLOYES 6,071
COMMENT
MFR OF METAL WORKING MACHINERY.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 8,050.4 MILLION, 30 DAYS NORMAL TERMS..
Forecast (or estimated)
figures for 31/03/2007 fiscal term
HIGHLIGHTS
This is a leading and comprehensive metalworking machinery
company. Core of Amada group firms
focusing on marketing with mfg division spun off as subsidiaries. Emphasizing software
related areas following merger of Amada Metecs in Apr 2000. Owns sales & development sites in major
cities around the world, with production sites in US, France,
FINANCIAL INFORMATION
The sales volume for Mar/2006 fiscal term amounted to Yen 221,780
million, a 10.3% up from Yen 201,097 million in the previous term. Buoyed by private sector capital spending,
the firm enjoyed strong sales of its mainstay metalworking machinery in
First Half results ending Sept/2006: sales Yen 121,265 million (up
18.7%), operating profit Yen 17,546 million (up 42.3%), recurring profit Yen
20,355 million (up 38.4%), net profit Yen 12,122 million (up 13.5%). (% compared with the same period previous
year). The strong showing is due to
increase of overseas sales of its mainstay metalworking machinery, notably in
Europe and
For the current term ending Mar 2007 the recurring profit is
projected at Yen 36,500 million and the net profit at Yen 22,400 million, on an
8.2 % rise in turnover, to Yen 240,000 million. Presses and machine tools, as well as sheet metalworking
machines on growth trend. Operations in
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 8,050.4 million, on 30 days normal terms.
REGISTRATION
Date Registered :
May 1948
Legal Status :
Limited Company (Kabushiki Kaisha)
Authorized :
550 million shares
Issued :
406,434,117 shares
Sum :
Yen 54,768 million
Major shareholders (%)
Japan Trustee Services Bank (10.6), Master Trust Bank of Japan T
(6.1), Trust & Custody Services Bank (Mizuho Bank) (4.1), Company’s
Treasury Stock (3.6), Nippon Life Ins (3.0), Trust & Custody Services,
Trust (2.8), Sumitomo Trust Bank (2.8), Amada Foundation (2.4),
No. of shareholders: 18,973
Listed on the S/Exchange (s) of:
Managements
Mitsuo Okamoto, pres & CEO; Oichi Yonebayashi, mgn dir; Toshio
Takagi, mgn dir; Atsuzo Yajima, dir; Kojiro Hirosawa, dir; Akio Abe, dir;
Yoshihiro Yamashita, dir; Naoki Orita, dir; Yuji Fujita, dir; Mitsuaki Amada,
dir
Nothing detrimental is known as to the commercial morality of
executives.
Related companies
Amada
OPERATION
Activities: Metalworking machine company:
(Breakdown of sales):
Sheet metal fabrication machines (48%), Software FA (4%),
maintenance, repairing, other services (5%), consumable products (15%), metal
sheet cutting (13%), forging presses (5%),
machine tools (8%), real estate leasing, others (2%).
Overseas sales ratio 45.3%: N America 13.2%; Europe 18.2%,
Clients
[Mfrs, wholesalers] Mitsui & Co, Toshiba Corp, Nissan Motors,
Mitsubishi Electric, Fujitsu Ltd,
No. of accounts
1,000
Domestic areas of activities
Nationwide
Suppliers
[Mfrs, wholesalers] Hitachi Metals, Fanuc ltd, Metal One, Amada
Soft Services, THK, other.
Payment record
Regular
Location
Business area in
Bank References
Mizuho Bank (Shinjuku-Nishiguchi)
SMBC (Tokyo-Chuo)
Relations: Satisfactory
FINANCES
(Consolidated
in million yen)
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Terms Ending: |
31/03/2006 |
31/03/2005 |
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INCOME
STATEMENT |
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Annual Sales |
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221,780
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201,097
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Cost of Sales |
125,133
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111,918
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GROSS PROFIT |
96,646
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89,178
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Selling & Adm Costs |
68,366
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67,665
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OPERATING PROFIT |
28,320
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21,513
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Non-Operating P/L |
4,936
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3,447
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RECURRING PROFIT |
33,256
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24,960
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NET PROFIT |
22,297
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10,940
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BALANCE
SHEET |
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Cash |
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74,118
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53,195
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Receivables |
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132,484
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132,610
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Inventory |
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50,099
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47,370
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Securities, Marketable |
33,719
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31,182
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Other Current Assets |
7,509
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5,142
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TOTAL CURRENT ASSETS |
297,929
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269,499
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Property & Equipment |
100,309
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100,223
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Intangibles |
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5,927
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4,237
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Investments, Other Fixed Assets |
107,083
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101,265
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TOTAL ASSETS |
511,248
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475,224
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Payables |
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25,728
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23,271
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Short-Term Bank Loans |
7,288
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8,423
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Other Current Liabs |
46,879
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41,156
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TOTAL CURRENT LIABS |
79,895
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72,850
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Debentures |
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Long-Term Bank Loans |
310 |
174 |
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Reserve for Retirement Allw |
17,303
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17,700
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Other Debts |
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15,696
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14,220
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TOTAL LIABILITIES |
113,204
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104,944
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MINORITY INTERESTS |
3,353
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2,470
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Common
stock |
54,768
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54,768
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Additional
paid-in capital |
163,376
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163,372
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Retained
earnings |
179,716
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161,405
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Evaluation
p/l on investments/securities |
9,151
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3,353
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Others |
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(7,705) |
(10,812) |
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Treasury
stock, at cost |
(4,615) |
(4,278) |
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TOTAL S/HOLDERS` EQUITY |
394,691
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367,808
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TOTAL EQUITIES |
511,248
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475,224
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CONSOLIDATED
CASH FLOWS |
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Terms
ending: |
31/03/2006 |
31/03/2005 |
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Cash
Flows from Operating Activities |
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36,045
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22,124
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Cash
Flows from Investment Activities |
-8,649
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-12,637
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Cash
Flows from Financing Activities |
-5,882
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-5,733
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Cash,
Bank Deposits at the Term End |
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95,567
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72,357
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ANALYTICAL
RATIOS Terms ending: |
31/03/2006 |
31/03/2005 |
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Net
Worth (S/Holders' Equity) |
394,691
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367,808
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Current
Ratio (%) |
372.90
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369.94
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Net
Worth Ratio (%) |
77.20
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77.40
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Recurring
Profit Ratio (%) |
15.00
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12.41
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Net
Profit Ratio (%) |
10.05
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5.44 |
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Return
On Equity (%) |
5.65 |
2.97 |
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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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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