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Report Date : |
22.12.2012 |
IDENTIFICATION DETAILS
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Name : |
MARUBENI MACHINE TOOLS CO LTD |
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Registered Office : |
Kyodo Ginza -1-chome Bldg 9F, 7-15-5 Ginza Chuoku Tokyo 104-0061 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
January, 2004 |
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Legal Form : |
Limited Company |
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Line of Business : |
Imports, exports and wholesales machine tools, FA system integration,
jigs, NC machinery, others |
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No. of Employees : |
35 |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Japan |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
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 |
japan - ECONOMIC OVERVIEW
In the years following World War II, government-industry cooperation, a strong work ethic, mastery of high technology, and a comparatively small defense allocation (1% of GDP) helped Japan develop a technologically advanced economy. Two notable characteristics of the post-war economy were the close interlocking structures of manufacturers, suppliers, and distributors, known as keiretsu, and the guarantee of lifetime employment for a substantial portion of the urban labor force. Both features are now eroding under the dual pressures of global competition and domestic demographic change. Japan's industrial sector is heavily dependent on imported raw materials and fuels. A tiny agricultural sector is highly subsidized and protected, with crop yields among the highest in the world. Usually self-sufficient in rice, Japan imports about 60% of its food on a caloric basis. Japan maintains one of the world's largest fishing fleets and accounts for nearly 15% of the global catch. For three decades, overall real economic growth had been spectacular - a 10% average in the 1960s, a 5% average in the 1970s, and a 4% average in the 1980s. Growth slowed markedly in the 1990s, averaging just 1.7%, largely because of the after effects of inefficient investment and an asset price bubble in the late 1980s that required a protracted period of time for firms to reduce excess debt, capital, and labor. Measured on a purchasing power parity (PPP) basis that adjusts for price differences, Japan in 2011 stood as the fourth-largest economy in the world after second-place China, which surpassed Japan in 2001, and third-place India, which edged out Japan in 2011. A sharp downturn in business investment and global demand for Japan's exports in late 2008 pushed Japan further into recession. Government stimulus spending helped the economy recover in late 2009 and 2010, but the economy contracted again in 2011 as the massive 9.0 magnitude earthquake in March disrupted manufacturing. Electricity supplies remain tight because Japan has temporarily shut down almost all of its nuclear power plants after the Fukushima Daiichi nuclear reactors were crippled by the earthquake and resulting tsunami. Estimates of the direct costs of the damage - rebuilding homes, factories, and infrastructure - range from $235 billion to $310 billion, and GDP declined almost 0.5% in 2011. Prime Minister Yoshihiko NODA has proposed opening the agricultural and services sectors to greater foreign competition and boosting exports through membership in the US-led Trans-Pacific Partnership trade talks and by pursuing free-trade agreements with the EU and others, but debate continues on restructuring the economy and reining in Japan's huge government debt, which exceeds 200% of GDP. Persistent deflation, reliance on exports to drive growth, and an aging and shrinking population are other major long-term challenges for the economy.
|
Source : CIA |
MARUBENI MACHINE
TOOLS CO LTD
Marubeni Machine Tools KK
Kyodo Ginza -1-chome Bldg 9F, 7-15-5 Ginza Chuoku Tokyo 104-0061 JAPAN
Tel: 03-3543-8841 Fax:
03-3545-0873
URL: http://www.marubeni-mt.co
E-Mail address: (thru the UERL)
import, export, wholesale of machine tools, NC machinery, Jigs
Takasaki, Yokohama, Hamamatsu, Nagoya, Osaka
Vietnam, China (Shanghai)
TOSHIAKI TAKABAYASHI, PRES
Tsutomu Tsunoda, dir Kenji
Yamashita, dir
Hiroyuki Waji, dir
Yen Amount: In million Yen,
unless otherwise stated
FINANCES FAIR A/SALES Yen 3,234 M
PAYMENTS NO COMPLAINTS CAPITAL Yen 400 M
TREND SLOW WORTH Yen 189 M
STARTED Jan 2004 EMPLOYES 35
TRADING FIRM SPECIALIZING IN MACHINE TOOLS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
The subject company was established on the basis of a machinery division
separated from Marubeni Corp (Se REGISTRATION). This is a trading firm specializing in
machine tools, FA system integration, jigs, NC machinery. Has two offices overseas: Vietnam and
Shanghai.
The sales volume for Mar/2012 fiscal term amounted to Yen 3,244 million,
a 7% down from Yen 3,475 million in the previous term. Exports were hurt by the high Yen, reducing
revenues substantially. The recurring
profit was posted at Yen 7 million and the net profit at Yen 35 million,
respectively, compared with Yen 47 million recurring profit and yen 60 million
net profit, respectively, a year ago.
For the current term ending Mar 2013 the recurring profit is projected
at Yen 10 million and the net profit at Yen 35 million, respectively, on a 2%
rise in turnover, to Yen 3,300 million.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 19.0 million, on 30 days normal terms.
Date Registered: Jan 2004
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized:
32,000 shares
Issued:
8,000 shares
Sum: Yen 400 million
Major shareholders
(%): Marubeni Corp* (99), Tsutomu Tsunoda (1)
No. of
shareholders: 2
*.. One of big five general trading companies, originally textile
specialist trader, Tokyo, listed on Tokyo, Osaka and Nagoya S/E’s, capital Yen
262,680 million, sales Yen 10,584,393 million, operating profit Yen 157,315
million, recurring profit Yen 260,983 million, net profit Yen 172,125 million,
total assets Yen 5,290,134 million, net worth Yen 899,499 million, employees
32,445, pres Teruo Asada
Nothing detrimental is known as to the commercial morality of
executives.
Activities: Imports, exports
and wholesales machine tools, FA system integration, jigs, NC machinery, others
(--100%)
Clients: [Mfrs,
wholesalers] Nidec Group firms, JTEKT Corp, Seiko Instruments, Minebea Corp,
NSK Ltd, Muro Corporation, other
No. of accounts: 300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs, wholesalers]
Citizen Machinery, Fanuc, Marubeni Corp, Seiko Instruments, Citizen Machinery
Asia, other
Payment record: No Complaints
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
Resona (Tokyo-Chuo) Bank (Mizuho)
Ginza Bank ()
Relations: Satisfactory
(In Million Yen)
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Terms Ending: |
31/03/2013 |
31/03/2012 |
31/03/2011 |
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Annual Sales |
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3,300 |
3,234 |
3,475 |
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Recur. Profit |
|
10 |
7 |
47 |
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Net Profit |
|
35 |
35 |
60 |
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Total Assets |
|
|
1,915 |
1,423 |
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Current Assets |
|
|
1,850 |
1,376 |
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Current Liabs |
|
|
1,701 |
1,251 |
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Net Worth |
|
|
189 |
154 |
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Capital, Paid-Up |
|
|
400 |
400 |
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Div.P.Share(¥) |
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<Analytical Data> |
(%) |
(%) |
(%) |
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S.Growth Rate |
2.04 |
-6.94 |
1,353.97 |
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Current Ratio |
.. |
108.76 |
109.99 |
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N.Worth Ratio |
.. |
9.87 |
10.82 |
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R.Profit/Sales |
0.30 |
0.22 |
1.35 |
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N.Profit/Sales |
1.06 |
1.08 |
1.73 |
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Notes: Forecast (or estimated) figures for the 31/03/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.08 |
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UK Pound |
1 |
Rs.89.53 |
|
Euro |
1 |
Rs.72.77 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>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.