MIRA INFORM REPORT
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Report Date : |
15.09.2011 |
IDENTIFICATION DETAILS
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Name : |
HAMADA HEAVY INDUSTRIES LTD |
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Registered Office : |
1-1-36 Makiyama
Tobataku Kitakyushu Fukuoka-Pref 804-0053 |
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Country : |
Japan |
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Financials (as on) : |
31.07.2011 |
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Date of Incorporation : |
June
1950 |
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Com. Reg. No.: |
(Fukuoka-Kitakyushu)
003064 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer
of steel products, engineering works |
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 1,011.1 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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Japan |
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
HAMADA HEAVY
INDUSTRIES LTD
REGD NAME
Hamada Jyuko KK
MAIN OFFICE
1-1-36 Makiyama
Tobataku Kitakyushu Fukuoka-Pref 804-0053 JAPAN
Tel:
093-883-0369 Fax: 093-882-2768
URL: http://www.hamada-kico.jp
E-Mail address: info@hamada-kiko.jp
ACTIVITIES
Mfg of
steel products, engineering works
BRANCHES
Tokyo,
Osaka, Yahata, Hikari, Oita, Kakogawa, other
OVERSEAS
Malaysia
FACTORIES
At the
caption address
OFFICERS
YUTAKA
MATSUMOTO, PRES Yoichi Miura,
s/mgn dir
Michio
Shigeki, mgn dir Mitsuo
Fujii, dir
Yoshihiro
Inoue, dir Takashi
Murayama, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 23,819 M
PAYMENTS REGULAR CAPITAL Yen 326 M
TREND SLOW WORTH Yen 15,173 M
STARTED 1950 EMPLOYES 1,787
COMMENT
MFR OF STEEL PRODUCTS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT
LIMIT: YEN 1,011.1 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Yohei Hamada in order to make most of his experience in the subject line of business. Yutaka is his son. This is a specialized mfr of steel products for delivery to steel plants. Also offers engineering works. Clients include major steel mfrs, other mfrs.
FINANCIAL INFORMATION
The sales volume for Jul/2010 fiscal term amounted to Yen 23,819 million, a 10% down from Yen 26,386 million in the previous term, as affected by the global economic downturn, particularly in the first half of the term. The recurring profit was posted at Yen 1,097 million and the net profit at Yen 939 million, respectively, compared with Yen 945 million recurring profit and Yen 1,003 million net profit, respectively, a year ago.
For the term that ended Jul 2011 the recurring profit was projected at Yen 1,100 million and the net profit at Yen 950 million, respectively, on a 5% rise in turnover, to Yen 25,000 million. Final results are yet to be released.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 1,011.1 million, on 30 days normal terms.
REGISTRATION
Date Registered: Jun 1950
Regd No.: (Fukuoka-Kitakyushu) 003064
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
2.6 million shares
Issued:
652,000 shares
Sum: Yen 326 million
Major shareholders (%): Yohei Hamada (35), Kiku Shoji
KK (34), Takachiho Shoko KK (28), other
No. of shareholders: 7
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Manufactures steel products (63.3%), engineering works, silicon, other (36.7%)
Clients: [Steel mills, mfrs, wholesalers] Nippon Steel Corp, Nippon Steel & Sumikin Stainless Steel Corp, Mitsui Bussan Electronics, Elpida Memory, Nippon-Chemicon Corp, Inoueki Co, other
No. of accounts: 300
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Hamadatec Malaysia, Transport Approach, Uchimura Sanso Co, other
Payment record: Regular
Location: Business area in Kitakyushu, Fukuoka-Pref. Office premises at the caption address are owned and maintained satisfactorily.
Bank References:
· Mizuho Bank (Kitakyushu)
· MUFG (Kitakyushu)
Relations:
Satisfactory
FINANCES
(In Million Yen)
|
Terms Ending: |
31/07/2011 |
31/07/2010 |
31/07/2009 |
31/07/2008 |
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Annual
Sales |
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25,000 |
23,819 |
26,387 |
30,718 |
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Recur.
Profit |
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1,100 |
1,097 |
945 |
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Net
Profit |
|
950 |
939 |
1,003 |
1,716 |
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Total
Assets |
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28,312 |
28,591 |
30,807 |
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Current
Assets |
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11,387 |
11,959 |
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Current
Liabs |
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8,119 |
8,127 |
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Net
Worth |
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15,173 |
14,311 |
13,409 |
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Capital,
Paid-Up |
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|
326 |
326 |
326 |
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Div.P.Share(¥) |
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|
78.00 |
101.00 |
90.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
4.96 |
-9.73 |
-14.10 |
6.79 |
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Current Ratio |
|
.. |
140.25 |
147.15 |
.. |
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N.Worth Ratio |
.. |
53.59 |
50.05 |
43.53 |
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R.Profit/Sales |
|
4.40 |
4.61 |
3.58 |
.. |
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N.Profit/Sales |
3.80 |
3.94 |
3.80 |
5.59 |
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Return On Equity |
.. |
6.19 |
7.01 |
12.80 |
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Notes:
Forecast (or estimated) figures for the 31/07/2011 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.47.81 |
|
UK Pound |
1 |
Rs.75.16 |
|
Euro |
1 |
Rs.65.11 |
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 |
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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.