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Report Date : |
17.08.2012 |
IDENTIFICATION DETAILS
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Name : |
MITSUI BUSSAN MACHINE TEC CO LTD |
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Registered Office : |
Shimbashi Center Place 7F, 1-11-7 Shimbashi Minatoku Tokyo
105-0004 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
October 2003 |
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Com. Reg. No.: |
0104-01-081703
(Tokyo-Minatoku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Import,
export, wholesale of machine tools |
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No. of Employees : |
127 |
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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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
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, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
MITSUI BUSSAN MACHINE TEC CO LTD
Mitsui Bussan
Machine Tec KK
Shimbashi Center
Place 7F, 1-11-7 Shimbashi Minatoku Tokyo 105-0004 JAPAN
Tel:
03-6757-0004 Fax: 03-6757-3698
E-Mail address: (thru the URL)
Import,
export, wholesale of machine tools, other
Sendai,
Nagoya, Ohta, Osaka, Fukuoka, Okayama (Tot 6)
China
(2), Thailand
ATSUSHI
TANIMOTO, PRES
Toshiaki
Maruoka, dir
Teruyasu
Ishioka, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 28,985 M
PAYMENTS No
Complaints CAPITAL Yen 300 M
TREND UP WORTH Yen 927 M
STARTED 2003 EMPLOYES 127
TRADING FIRM SPECIALIZING IN MACHINE TOOLS, OWNED BY MITSUI
& CO LTD.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established on the basis of a machine division separated from Mitsui & Co Ltd (See REGISTRATION). This is a trading firm specializing in import, export, wholesale of machine tools, plastic working machines, other (See OPERATION). Goods are exported to USA, China, Thailand, other. Has offices in China and Thailand
The sales volume for Mar/2012 fiscal term amounted to Yen 28,985 million, a 36% up from Yen 21,301 million in the previous term. The reactionary demand rose in Thailand after the floods in the area. Exports to China also increased. The net profit was posted at Yen 204 million, compared with Yen 112 million net profit a year ago.
For the current term ending Mar 2013 the net profit is projected at Yen 210 million, respectively, on a 4% rise in turnover, to Yen 30,000 million.
The financial situation is considered FAIR and good for ORDINARY business engagements.
Date Registered: Oct 2003
Regd No.: 0104-01-081703 (Tokyo-Minatoku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
24,000 shares
Issued:
6,000 shares
Sum: Yen 300 million
Major shareholders (%): Mitsui & Co Ltd* (100)
*.. General trading house vying with Mitsubishi Corp, Tokyo, founded 1947, listed Tokyo
S/E, capital Yen 341,482 million, sales Yen 10,481,166 million, operating profit Yen 348,384 million, recurring profit Yen 413,211 million, net profit Yen 434,497 million, total assets Yen 9,011,823 million, net worth Yen 2,860,810 million, employees 44,937, pres Masami Iijima
Consolidated Financials are attached (See SUPPLEMENTS)
Nothing detrimental is known as to the commercial morality of executives.
Activities: Imports, exports and wholesales machine tools, EDMs, plastic working machines, forging presses & peripheral equipment (--100%)
Clients: [Mfrs, wholesalers] Toshiba Corp, Nikon Business Service, Mitsui Seiki (USA) Inc, Japan Steel Works, other
No. of accounts: 500
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Fanuc, Ohkuma, Honma Machinery, Schiess GmbH, Toshiba Machinery, JA Mitsui Lease, other
Payment record: No Complaints
Location:
Business area in Tokyo. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References:
SMBC
(Hibiya)
Mizuho
Bank (Shimbashi-Chuo)
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
31/03/2013 |
31/03/2012 |
31/03/2011 |
31/03/2010 |
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Annual
Sales |
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30,000 |
28,985 |
21,301 |
17,222 |
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Recur.
Profit |
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Net
Profit |
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210 |
204 |
112 |
-130 |
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Total
Assets |
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13,250 |
9,482 |
7,418 |
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Current
Assets |
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13,012 |
9,209 |
7,141 |
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Current
Liabs |
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12,322 |
8,635 |
6,685 |
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Net Worth |
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927 |
826 |
721 |
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Capital,
Paid-Up |
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300 |
300 |
300 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
3.50 |
36.07 |
23.68 |
-51.98 |
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Current Ratio |
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.. |
105.60 |
106.65 |
106.82 |
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N.Worth Ratio |
.. |
7.00 |
8.71 |
9.72 |
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R.Profit/Sales |
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.. |
.. |
.. |
.. |
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N.Profit/Sales |
0.70 |
0.70 |
0.53 |
-0.75 |
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Return On Equity |
.. |
22.01 |
13.56 |
-18.03 |
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Notes:
Forecast (or estimated) figures for the 31/03/2013 fiscal term.
SUPPLEMENTS:
CONSOLIDATED FINANCIALS OF THE PARENT,
MITSUI & CO LTD
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FINANCES: (Consolidated
in million yen) |
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Terms Ending: |
31/03/2012 |
31/03/2011 |
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INCOME STATEMENT |
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Annual Sales |
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10,481,166 |
9,942,472 |
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Cost of Sales |
9,602,887 |
9,083,249 |
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GROSS PROFIT |
878,279 |
859,223 |
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Selling & Adm Costs |
529,895 |
542,220 |
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OPERATING PROFIT |
348,384 |
317,003 |
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Non-Operating P/L |
64,837 |
-44,306 |
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RECURRING PROFIT |
413,221 |
272,697 |
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NET PROFIT |
434,497 |
306,659 |
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BALANCE SHEET |
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Cash |
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1,431,112 |
1,441,059 |
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Receivables |
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1,616,191 |
1,463,601 |
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Inventory |
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515,758 |
467,355 |
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Securities, Marketable |
1,087 |
5,602 |
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Other Current Assets |
862,175 |
940,025 |
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TOTAL CURRENT ASSETS |
4,426,323 |
4,317,642 |
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Property & Equipment |
2,265,334 |
1,930,994 |
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Intangibles |
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110,307 |
87,525 |
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Investments, Other Fixed Assets |
2,209,859 |
2,261,963 |
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TOTAL ASSETS |
9,011,823 |
8,598,124 |
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Payables |
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1,342,343 |
1,316,772 |
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Short-Term Bank Loans |
307,132 |
250,062 |
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Other Current Liabs |
974,555 |
976,115 |
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TOTAL CURRENT LIABS |
2,624,030 |
2,542,949 |
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Debentures |
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Long-Term Bank Loans |
2,898,218 |
2,818,529 |
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Reserve for Retirement Allw |
55,799 |
37,054 |
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Other Debts |
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572,966 |
646,268 |
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TOTAL LIABILITIES |
6,151,013 |
6,044,800 |
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MINORITY INTERESTS |
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Common
stock |
341,482 |
341,482 |
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Additional
paid-in capital |
430,491 |
430,152 |
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Retained
earnings |
2,192,494 |
1,860,271 |
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Evaluation
p/l on investments/securities |
90,476 |
96,657 |
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Others |
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(187,930) |
(168,887) |
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Treasury
stock, at cost |
(6,203) |
(6,341) |
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TOTAL S/HOLDERS` EQUITY |
2,860,810 |
2,553,334 |
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TOTAL EQUITIES |
9,011,823 |
8,598,124 |
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CONSOLIDATED CASH FLOWS |
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Terms ending: |
31/03/2012 |
31/03/2011 |
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Cash
Flows from Operating Activities |
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380,984 |
504,474 |
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Cash
Flows from Investment Activities |
-438,191 |
-484,021 |
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Cash
Flows from Financing Activities |
57,394 |
33,820 |
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Cash,
Bank Deposits at the Term End |
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1,431,112 |
1,441,059 |
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ANALYTICAL RATIOS Terms ending: |
31/03/2012 |
31/03/2011 |
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Net
Worth (S/Holders' Equity) |
2,860,810 |
2,553,334 |
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Current
Ratio (%) |
168.68 |
169.79 |
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Net
Worth Ratio (%) |
31.75 |
29.70 |
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Recurring
Profit Ratio (%) |
3.94 |
2.74 |
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Net
Profit Ratio (%) |
4.15 |
3.08 |
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Return
On Equity (%) |
15.19 |
12.01 |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.98 |
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UK Pound |
1 |
Rs.87.55 |
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Euro |
1 |
Rs.68.69 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
---- |
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.