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Report Date : |
28.12.2013 |
IDENTIFICATION DETAILS
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Name : |
MAMAZAKI MAZAK CORPORATION |
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Registered Office : |
1-131 Takeda Oguchicho Niwagun Aichi-Pref 480-0147 |
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Country : |
Japan |
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Date of Incorporation : |
August, 1949 |
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Com. Reg. No.: |
1800-01-081170 (Aichi-Niwagun) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Manufacturing of machining tools |
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No. of Employees : |
150 (about) |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Japan |
A1 |
A1 |
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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 |
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 small agricultural sector is highly subsidized and protected, with crop yields among the highest in the world. While self-sufficient in rice production, Japan imports about 60% of its food on a caloric basis. 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. Modest economic growth continued after 2000, but the economy has fallen into recession three times since 2008. A sharp downturn in business investment and global demand for Japan's exports in late 2008 pushed Japan 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 and the ensuing tsunami in March disrupted manufacturing. The economy has largely recovered in the two years since the disaster, but reconstruction in the Tohoku region has been uneven. Newly-elected Prime Minister Shinzo ABE has declared the economy his government's top priority; he has pledged to reconsider his predecessor's plan to permanently close nuclear power plants and is pursuing an economic revitalization agenda of fiscal stimulus and regulatory reform and has said he will press the Bank of Japan to loosen monetary policy. Measured on a purchasing power parity (PPP) basis that adjusts for price differences, Japan in 2012 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 2012. The new government will continue a longstanding debate 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 |
MAMAZAKI MAZAK
CORPORATION
REGD NAME: Yamazaki Mazak KK
MAIN OFFICE: 1-131 Takeda Oguchicho Niwagun Aichi-Pref
480-0147 JAPAN
Tel: 0587-95-1131 Fax:
0587-95-3611
URL: http://www.mazak.jp
E-Mail address: (thru the URL)
Mfg of machining tools
Aichi
USA, Europe, China, Asia, other (Tot 28) (--group/subsidiaries)
At the caption address; China (2), UK, USA, Singapore (--subsidiaries)
TOMOHISA YAMASHITA, PRES Yoshihiko
Yamazaki, v ch
Norihiko Shimizu, v pres Akimitsu
Nagae, v pres
Takatsugu Yamazaki, s/mgn dir Haruo
Morinaka, s/mgn dir
In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 12,035 M*
PAYMENTS UNKNOWN CAPITAL Yen
2,000 M
TREND UP WORTH Yen 43,508 M*
STARTED 1949 EMPLOYES 150 (about)
*.. All figures of Mar/2010 fiscal term as no financials are disclosed
ever since
MFR OF MACHINING TOOLS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
The subject company was established originally in 1919 by Sadakichi
Yamazaki, on his account, for making straw mat weaving machines, and was
incorporated in 1949. This is a
specialized mfr of machining tools (See OPERATION). It also functions as a holding company of six
subsidiaries, including those in USA, Europe, China, other. The firm does not disclose financials with
the last for Mar/2010 fiscal term. No
other databases have any figures for financials ever since that time. 80% of the products are exported or sold
overseas.
Financials are not disclosed ever since the Mar/2010 fiscal term.
The sales volume for Mar/2010 fiscal term amounted to Yen 12,035
million, a 5% up from Yen 11,450 million in the previous term. The recurring profit was posted at Yen 3,636
million and the net profit at Yen 1,884 million, respectively.
The financial situation is considered FAIR and good for ORDINARY business
engagements.
Date Registered: Aug
1949
Regd No.: 1800-01-081170
(Aichi-Niwagun)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 16 million shares
Issued:
4 million shares
Sum: Yen
2,000 million
Major shareholders
(%): Yamazaki & families, other (Details undisclosed)
No. of
shareholders: 30 (about)
Nothing detrimental is known as to the commercial morality of
executives.
Activities: Manufactures
machining tools: multi-tasking machines, CNC turning centers, vertical
machining centers, horizontal machining centers, CNC laser processing machines,
CNC systems, FMS (Flexible Manufacturing System), CAD/CAM systems, other
(--100%)
Clients: [Mfrs,
wholesalers] Yamazaki Mazak Trading, Yamazaki Mazak System Sales, other.
80% of the products are exported to USA, Europe, China, Asia, other
No. of accounts:
Unavailable
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Mitsubishi Electric, Okaya & Co, Fanuc Corp, Meisei Electric,
Meldas System Engineering, other
Payment record: Unknown
Location: Business area in
Aichi-Pref. Office premises at the
caption address are owned and maintained satisfactorily.
Bank References:
MUFG
(Nagoya)
SMBC
(Nagoya)
Relations:
Satisfactory
NOT DISCLOSED EVER
SINCE THE MAR/2010 FISCAL TERM & UNAVAILABLE
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.06 |
|
|
1 |
Rs.102.03 |
|
Euro |
1 |
Rs.85.27 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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 |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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 |
|
---- |
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.