MIRA
INFORM REPORT
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Report Date : |
13.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
MURATA PARTS SALES LTD |
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Registered Office : |
136 Takeda Mukaishirocho Fushimiku Kyoto 612-8686 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
April 1975 |
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Com. Reg. No.: |
YEN 51.6 MILLION |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Export, Wholesale of Textile Machinery Parts and
Components |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
YEN 51.6 Million |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
name & address
MURATA PARTS SALES
LTD
REGD NAME: Murata Parts Hambai KK
MAIN OFFICE: 136 Takeda Mukaishirocho Fushimiku Kyoto
612-8686 JAPAN
Tel:
075-672-8371 Fax: 075-671-0789
URL: http://www.muratec.co.jp/
E-Mail address: mps@muratec.co.jp
ACTIVITIES
Export, wholesale of textile machinery parts &
components
BRANCHES
Tokyo, Osaka, Nagoya, Inuyama, other (same branches of the
parent)
OVERSEAS
Germany, Italy, China (2), Hong Kong, Taiwan, Thailand,
Indonesia, USA (2), Brazil
OFFICER(S)
HIDETOSHI KIMURA, PRES
Gozai Ichikawa, dir
Yen Amount: In
million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 2,858 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND STEADY WORT Yen 1,920 M
STARTED 1975 EMPLOYES 58
COMMENT
EXPORTER SPECIALIZING TEXTILE MACHINERY PARTS, WHOLLY OWNED BY MURATA MACHINERY LTD. FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT
YEN 51.6 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established on the basis of a trading division separated from Murata Machinery Ltd, textile machinery mfr at the caption address (See REGISTRATION) in order to engage in trading, both at home & abroad. Specializes in exporting textile machinery parts & components manufactured by the parent to overseas markets, fully utilizing the parent’s branch offices/sales agents in USA, Europe, China, S/E Asia, other.
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Mar/2007 fiscal term for irregular 10 months due to change in accounting term amounted to Yen 2,858 million, a 0.4% down as adjusted on 12-month basis from Yen 3,444 million in the previous term. Textile market was slow. The net profit was posted at Yen 100 million, compared with Yen 136 million for full year 2006/
For the term that ended Mar 2008 the net profit was projected and believed posted at Yen 105 million, on a 3% rise in turnover, to Yen 2,950 million. Weaker Yen should have assisted to raise sales in Yen terms.
The financial situation is considered maintained FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 51.6 million, on 30 days normal terms.
REGISTRATION
Date Registered: Apr 1975
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 80,000 shares
Issued: 20,000 shares
Sum: Yen 10 million
Major shareholders (%): Murata Machinery Ltd*(100)
* Textile machinery mfrs at the caption address, founded 1938, capital Yen 900 million, turnover, Yen 127,205 million, recurring profit Yen 14,567 million, net profit Yen 7,920 million, total assets Yen 188,373 million, net worth 97,841 million, employees 1,763, pres Daisuke Murata
Nothing detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Exports, imports and wholesales textile machinery parts & components (--100%).
Clients
[Mfrs, wholesalers] Exports to Murata Machinery Taiwan, Murata Machinery Shanghai, Murata Machinery USA, Murata Machinery Europe, Murata Machinery Hong Kong, other.
No. of accounts: Unavailable
Domestic areas of activities: Nationwide
Suppliers
[Mfr] Wholly supplied from Murata Machinery Ltd, the parent.
Payment record
Regular
Location
Business area in Kyoto. Office premises at the caption address are owned by the parent, Murata Machinery Ltd, and maintained satisfactorily.
Bank References
Mizuho Bank (Kyoto-Chuo)
MUFG (Kyoto-Chuo)
Relations: Satisfactory
FINANCES: (In Million Yen)
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Terms Ending: |
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31/03/2008 |
31/03/2007 |
31/05/2006 |
31/05/2005 |
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Annual
Sales |
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2,950 |
2,858 |
3,444 |
3,344 |
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Recur.
Profit |
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Net Profit |
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105 |
100 |
136 |
98 |
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Total
Assets |
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N/A |
N/A |
N/A |
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Net
Worth |
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1,920 |
1,820 |
1,684 |
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Capital,
Paid-Up |
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10 |
10 |
10 |
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Div.P.Share(¥) |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
3.22 |
-0.41 |
2.99 |
-1.91 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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.. |
.. |
.. |
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N.Profit/Sales |
3.56 |
3.50 |
3.95 |
2.93 |
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Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 31/03/2008 fiscal
term.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.67 |
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UK Pound |
1 |
Rs.80.92 |
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Euro |
1 |
Rs.63.71 |
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%)