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Report Date : |
21.07.2012 |
IDENTIFICATION DETAILS
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Name : |
MURATA MACHINERY LTD |
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Registered Office : |
136 Takeda-Mukaishirocho Fushimiku |
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Country : |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
December 1938 |
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Com. Reg. No.: |
1300-01-000054 (Kyoto-Minamiku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer of textile machinery, communication equipment, machine tools, automated systems, clean systems |
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No. of Employees : |
1,990 |
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 : |
-- |
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
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
MURATA MACHINERY LTD
REGD NAME: Murata
Kikai KK
MAIN OFFICE: 136
Takeda-Mukaishirocho Fushimiku Kyoto 612-8686
Tel:
075-672-8130 Fax: 075-672-8691
*.. The given address is
its Osaka Branch Office (Logistic & Automation Div)
URL: http://www.muratec.net.jp/
E-Mail address: (thru the URL)
Mfg of textile
machinery, communication equipment, machine tools, automated systems, clean
systems
Inuyama, Kaga,
Ryuoh,
Jun’ichi Murata,
ch DAISUKE
MURATA, PRES
Yosuke Murata, v
pres Toshihiro Okada, mgn
dir
Akira Maeda, mgn
dir Yasuo Uozumi, mgn dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 134,291 M
PAYMENTS NO COMPLAINTS CAPITAL Yen
900 M
TREND STEADY WORTH Yen 103,617 M
STARTED 1938 EMPLOYES 1,990
MFR SPECIALIZING IN TEXTILE MACHINERY AND OTHER INDUSTRIAL
MACHINERY.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS
The subject company was established by a certain Murata for mfg textile
machinery and has been succeeded by
his descendants. The firm has since
diversified operations into communications
equipment, logistics & automated systems, machine tools, etc, in addition
to textile machinery, which still remains as the main pillar. Focusing on FA/OA equipment & systems,
and communications/networking equipment.
In 2009, acquired Assist Technologies Japan, mfr of automated
semiconductor making machinery.
Aggressively advancing into overseas markets, with exports accounting
for 65% of total sales.
The sales volume for Mar/2012 fiscal
term amounted to Yen 134,291 million, a 9% up from Yen 123,411 million in the
previous term. Demand rose sharply,
particularly for textile machinery in China and other S/E Asian countries. The sales growth offset the loss from the
high Yen. The recurring profit was
posted at Yen 3,256 million and the net profit at Yen 359 million, respectively,
compared with Yen 4,917 million recurring profit and Yen 3,847 million net
profit, respectively, a year ago.
For the current term ending Mar 2013 the
recurring profit is projected at Yen 3,300 million and the net profit at Yen
360 million, respectively, on a 3% rise in turnover, to Yen 138,000
million. Business is seen expanding
steadily.
The financial situation is considered FAIR
and good for ORDINARY business engagements.
Date Registered:
Dec 1938
Regd No.:
1300-01-000054 (Kyoto-Minamiku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 18 million shares
Issued: 13,820,000 shares
Sum: Yen 900 million
Major shareholders (%): Murata
KK*(39.3), Murata Kosan KK*(15.2), Jun’ichi Murata (13.9), Daisuke Murata
(4.9), Yosuke Murata (4.0)
* Group subsidiaries
No. of shareholders: 20
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures:
Textile Machinery (37%): spinning frames,
auto winders, electric dobbins;
Communication Equipment (10%): digital
multifunctional products, laser & thermal Fax machines;
Logistics & Automation Equipment Systems (36%): systems for
medical supplies,
apparel,
beverages, foodstuffs, sporting, data management, others;
Machine Tools (16%): tuning machines,
sheet metal fabricating machines, lathes;
Hydraulic riveting machines, magnetic induction
sensors, others (--1%).
Export (65%).
Clients: [Mfrs,
wholesalers] Itochu Systech Corp, Toyota Tsusho Corp, Asahi Breweries, Nippon
Paint, Marubeni Techmatecs, Taisei Corp, Toppan Printing, Oki Electric Ind,
Yamato Transport Co, Hitachi Zosen Corp, other.
No. of accounts:
1,000
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Fanuc Ltd, Konica Minolta Business Solutions, Fuji Xerox, Tokai
EC, SMC, Uster Technologies, Takebishi Corp, NEC Fielding, Okura Yu soki Co,
other.
Payment record: No Complaints
Location: Business area in
Kyoto. Office premises at the caption
address are owned and maintained satisfactorily.
Bank References:
Mizuho Bank
(Kyoto-Chuo)
SMBC (Kyoto)
Relations:
Satisfactory
(In Million
Yen)
|
Terms Ending: |
31/03/2013 |
31/03/2012 |
31/03/2011 |
31/03/2010 |
|
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Annual
Sales |
|
138,000 |
134,291 |
123,411 |
84,938 |
|
Recur.
Profit |
|
3,300 |
3,256 |
4,917 |
-189 |
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Net
Profit |
|
360 |
359 |
3,847 |
-845 |
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Total
Assets |
|
|
218,229 |
207,039 |
179,080 |
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Current
Assets |
|
|
153,599 |
142,636 |
121,383 |
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Current
Liabs |
|
|
114,612 |
104,033 |
67,013 |
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Net
Worth |
|
|
103,617 |
103,006 |
100,892 |
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Capital,
Paid-Up |
|
|
900 |
900 |
900 |
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Div.P.Share(¥) |
|
|
10.00 |
10.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
2.76 |
8.82 |
45.30 |
-30.31 |
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Current Ratio |
|
.. |
134.02 |
137.11 |
181.13 |
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N.Worth Ratio |
.. |
47.48 |
49.75 |
56.34 |
|
|
R.Profit/Sales |
|
2.39 |
2.42 |
3.98 |
-0.22 |
|
N.Profit/Sales |
0.26 |
0.27 |
3.12 |
-0.99 |
|
|
Return On Equity |
.. |
0.35 |
3.73 |
-0.84 |
|
Notes: Forecast
figures for the 31/03/2013fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.15 |
|
|
1 |
Rs.86.58 |
|
Euro |
1 |
Rs.67.60 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
RATING EXPLANATIONS
|
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.