MIRA
INFORM REPORT
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Report Date : |
21.09.2007 |
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) : |
31.03.2007 |
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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 : |
Manufacturing of metal working
machinery |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
Yen 9333.5 millions |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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 262,239 M
PAYMENTS REGULAR CAPITAL Yen 54,768 M
TREND STEADY WORTH Yen
418,969 M
STARTED 1948 EMPLOYES 5,516
COMMENT
MFR OF METAL WORKING MACHINERY. FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 9,333.5 MILLION, 30 DAYS NORMAL TERMS.
Forecast (or estimated)
figures for 31/03/2008 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/2007 fiscal term amounted to Yen
262,239 million, an 18.2% up from Yen 221,780 million in the previous
term. Sales of mainstay steel metal
fabrication expanded, led by products for N America and
For the current term ending Mar 2008the recurring profit is
projected at Yen 51,300 million and the net profit at Yen 29,700 million, on a
10.6 % rise in turnover, to Yen 290,000 million. Sales/service
base in
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 9,333.5 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 (10.9), Master Trust Bank of Japan T (5.2), Trust &
Custody
Services Bank (Mizuho Bank) (4.6), Company’s Treasury Stock (3.5),
Life Ins (2.9, Trust & Custody Services, Trust (2.6), Sumitomo Trust Bank (2.9), Amada
Foundation (2.4); foreign owners (39.2)
No. of shareholders: 16,698
Listed
on the S/Exchange (s) of:
Managements: Mitsuo Okamoto, pres & CEO; Toshio Takagi, mgn dir; Kojiro Hirosawa, dir; Yoshihiro
Yamashita, dir; Naoki Orita, dir; Yuji Fujita, dir; Hideaki Takahashi, dir; Tsutomu Isobe, 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 (50%), Software FA (3%), maintenance, repairing, other services (4%), consumable products (15%), metal sheet cutting (13%), forging presses (5%), machine tools (8%), real estate leasing, others (2%).
Overseas
sales ratio 48.2%: N America 12.0%; Europe 20.8%,
Clients: [Mfrs, wholesalers] Mitsui & Co, Toshiba Corp, Nissan Motors, Mitsubishi Electric, Fujitsu Ltd, Nippon Steel, other.
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
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FINANCES (Consolidated
in million yen) |
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Terms Ending: |
31/03/2007 |
31/03/2006 |
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INCOME STATEMENT |
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Annual Sales |
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262,239 |
221,780 |
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Cost of Sales |
145,820 |
125,133 |
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GROSS PROFIT |
116,419 |
96,646 |
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Selling & Adm Costs |
77,371 |
68,326 |
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OPERATING PROFIT |
39,088 |
28,320 |
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Non-Operating P/L |
5,403 |
4,939 |
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RECURRING PROFIT |
44,491 |
33,259 |
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NET PROFIT |
27,506 |
22,297 |
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BALANCE SHEET |
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Cash |
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77,784 |
74,118 |
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Receivables |
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141,777 |
132,484 |
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Inventory |
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59,660 |
50,099 |
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Securities, Marketable |
30,364 |
33,719 |
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Other Current Assets |
10,114 |
7,509 |
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TOTAL CURRENT ASSETS |
319,699 |
297,929 |
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Property & Equipment |
110,330 |
100,309 |
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Intangibles |
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6,987 |
5,927 |
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Investments, Other Fixed Assets |
108,457 |
107,083 |
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TOTAL ASSETS |
545,473 |
511,248 |
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Payables |
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27,499 |
25,728 |
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Short-Term Bank Loans |
9,630 |
7,288 |
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Other Current Liabs |
58,923 |
46,879 |
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TOTAL CURRENT LIABS |
96,052 |
79,895 |
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Debentures |
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Long-Term Bank Loans |
828 |
310 |
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Reserve for Retirement Allw |
15,926 |
17,303 |
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Other Debts |
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13,698 |
15,696 |
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TOTAL LIABILITIES |
126,504 |
113,204 |
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MINORITY INTERESTS |
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3,353 |
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Common
stock |
54,768 |
54,768 |
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Additional
paid-in capital |
163,657 |
163,376 |
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Retained
earnings |
197,110 |
179,716 |
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Evaluation
p/l on investments/securities |
6,715 |
9,151 |
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Others |
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1,418 |
(7,705) |
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Treasury
stock, at cost |
(4,699) |
(4,615) |
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TOTAL S/HOLDERS` EQUITY |
418,969 |
394,691 |
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TOTAL EQUITIES |
545,473 |
511,248 |
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CONSOLIDATED CASH FLOWS |
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Terms ending: |
31/03/2007 |
31/03/2006 |
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Cash
Flows from Operating Activities |
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20,975 |
36,045 |
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Cash
Flows from Investment Activities |
-15,963 |
-8,649 |
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Cash Flows
from Financing Activities |
-6,946 |
-5,882 |
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Cash,
Bank Deposits at the Term End |
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95,532 |
95,567 |
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ANALYTICAL RATIOS Terms ending: |
31/03/2007 |
31/03/2006 |
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Net
Worth (S/Holders' Equity) |
418,969 |
394,691 |
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Current
Ratio (%) |
332.84 |
372.90 |
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Net
Worth Ratio (%) |
76.81 |
77.20 |
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Recurring
Profit Ratio (%) |
16.97 |
15.00 |
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Net
Profit Ratio (%) |
10.49 |
10.05 |
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Return
On Equity (%) |
6.57 |
5.65 |
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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. |
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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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%)