MIRA INFORM REPORT
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Report Date : |
14.04.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
JAPAN AE POWER SYSTEMS CORPORATION |
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Registered Office : |
Landic Shimbashi
Bldg, 3-8-3 Shimbashi Minatoku |
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Country : |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
June
2001 |
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Com. Reg. No.: |
(Tokyo-Minatoku) 050383 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer of electrical transformers, switch gear,
solar-power systems |
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 2,364.0 Million |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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Litigation : |
--- |
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 – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company
name
JAPAN AE POWER SYSTEMS CORPORATION
REGD
NAME
KK Nippon AE Power
Systems
MAIN
OFFICE
Landic Shimbashi
Bldg, 3-8-3 Shimbashi Minatoku
Tel:
03-5439-3010 Fax: 03-5439-3018
*.. The given
address is its Numazu Factory
URL: www.jaeps.com
E-mail: info@jaeps.com
ACTIVITIES
Mfg of
electrical transformers, switch gear, solar-power systems
BRANCHES
OVERSEAS
Shanghai,
FACTORIES
OFFICER(S)
TADAO
KAWAI, PRES Toyokazu Tanaka,
ch
Kinzo
Okazaki, mgn dir Tsuguo
Mizutani, mgn dir
Koichi
Harashima, dir Haruki
Kawahara, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 93,741 M
PAYMENTS REGULAR CAPITAL Yen 20,000 M
TREND SLOW WORTH Yen
25,248 M
STARTED 2001 EMPLOYES 1,398
COMMENT
MFR OF
ELECTRICAL TRANSPORMERS & SYSTEMS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
MAX
CREDIT LIMIT: YEN 2,364.0 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established on the basis of a division separated
from Hitachi Ltd (See REGISTRATION). This is a specialized mfr of electric
transformers & systems, switch gear, solar-power systems, other. Active in expansion into
FINANCIAL
INFORMATION
The sales volume for Mar/2010 fiscal term amounted to Yen 93,741
million, a 5% down from Yen 98,767 million in the previous term, as affected by
the global economic meltdown. The
recurring profit was posted at Yen 1,920 million and the net profit at Yen
1,647 million, respectively, compared with Yen 656 million recurring profit and
Yen 707 million net profit, respectively, a year ago. .
For the term that just ended Mar 2011 the recurring profit was projected
at Yen 2,000 million and the net profit at Yen 1,700 million, respectively, on
a 3% rise in turnover, at Yen 96,500 million.
Reportedly the
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 2,364.0 million, on 30 days normal terms.
REGISTRATION
Date Registered: Jun 2001
Regd No.: (Tokyo-Minatoku) 050383
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 2.48
million shares
Issued: 620,000 shares
Sum: Yen 20,000 million
Major shareholders (%): Hitachi Ltd* (50), Fuji
Electric Systems (30), Meidensha Corp (20)
No. of shareholders: 3
*.. Largest comprehensive mfr of electrical machinery, Tokyo, founded
1920, listed Tokyo, Osaka, Nagoya, Luxemburg, Frankfurt, Amsterdam, Paris, New
York S/E’s, capital Yen 408,814
million, turnover Yen 8,968,546 million, recurring profit Yen 63,580 million,
net loss Yen 106,961 million, total
assets Yen 9,318,463 million, net worth Yen 1,415,077 million, employees
352,524, pres Takashi Kawamura
Consolidated
Financials are attached (See SUPPLEMENTS)
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Manufactures
electrical transformers & systems, switch gear, solar-power systems,
substation systems, other (--100%)
Clients: [Mfrs,
wholesalers] Hitachi Ltd, Tokyo Electric Power, Kansai Electric Power, Fuji
Electric Systems, Meidensha Corp, other
No. of accounts: 300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Hitachi Ltd, Meidensha Corp, Fuji Electric Systems, AE Equipment
Engineering, other
Payment record: Regular
Location:
Business area in
Bank References:
Mizuho
Corporate Bank (H/O)
MUFG (
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
31/03/2011 |
31/03/2010 |
31/03/2009 |
31/03/2008 |
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Annual
Sales |
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96,500 |
93,741 |
98,767 |
91,296 |
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Recur.
Profit |
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2,000 |
1,920 |
656 |
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Net
Profit |
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1,700 |
1,647 |
707 |
1,008 |
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Total
Assets |
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74,492 |
101,119 |
93,224 |
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Current
Assets |
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54,880 |
81,307 |
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Current
Liabs |
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43,621 |
71,284 |
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Net
Worth |
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25,248 |
23,477 |
22,929 |
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Capital,
Paid-Up |
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20,000 |
20,000 |
20,000 |
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Div.P.Share(¥) |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
2.94 |
-5.09 |
8.18 |
18.10 |
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Current Ratio |
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.. |
125.81 |
114.06 |
.. |
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N.Worth Ratio |
.. |
33.89 |
23.22 |
24.60 |
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R.Profit/Sales |
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2.07 |
2.05 |
0.66 |
.. |
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N.Profit/Sales |
1.76 |
1.76 |
0.72 |
1.10 |
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Return On Equity |
.. |
6.52 |
3.01 |
4.40 |
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Notes:
Forecast (or estimated) figures for the 31/03/2011 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.44.48 |
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|
1 |
Rs.72.37 |
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Euro |
1 |
Rs.64.42 |
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 |
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 |
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.