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Report Date : |
20.05.2013 |
IDENTIFICATION DETAILS
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Name : |
ASIA MACHINERY SOLUTIONS CO LTD |
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Registered Office : |
1-1 Minamimachi Kannondo Kisshoin Minamiku Kyoto 601-8347 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
August 1986 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, export of construction machinery & equipment |
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No. of Employees : |
5 |
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 3.3 Million |
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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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 |
ECONOMIC OVERVIEW - JAPAN
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
ASIA MACHINERY SOLUTIONS CO LTD
Asia Machinery Solutions KK
1-1 Minamimachi Kannondo Kisshoin Minamiku Kyoto 601-8347 JAPAN
Tel: 075-662-8885
Fax: 075-662-8882
E-Mail address: info@ams-grp.net
Import, export of construction machinery & equipment
Nil
Hanoi, China, Indonesia
(subcontracted)
YASUHIRO OSAKI, PRES
Yen Amount: In
million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 188 M
PAYMENTS NO
COMPLAINTS CAPITAL Yen 10 M
TREND UP WORTH Yen 63 M
STARTED 1986 EMPLOYES 5
TRADING FIRM SPECIALIIZNG IN CONSTRUCTION MACHINERY.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 3.3 MILLION, 30 DAYS NORMAL TERMS
The subject company was established on the basis of a
division separated from Nippon Salvage Service Co Ltd (See REGISTRATION). This is a trading firm specializing in
construction machinery & equipment, offering maintenance, repairing
services, too. Has branch offices in
Vietnam (Hanoi), Indonesia and China (Tianjian), all established in 2010/2011.
Financials are consolidated by the parent, Nippon Salvage
Service Co Ltd , and only partially disclosed.
The sales volume for Dec/2011 fiscal term amounted to Yen
188 million, a 144% up from Yen 77 million in the previous term. This is thanks to the said overseas branch
offices contributing to raise business and sales. The net profit was posted at Yen 6 million,
compared with Yen 4 million a year ago.
For the term that ended Dec 2012 the net profit was
projected at Yen 10 million, on a 4% rise in turnover, to Yen 195 million. Business is seen expanding steadily. 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 3.3 million, on 30 days normal terms.
Date
Registered: Aug 1986
Legal
Status: Limited Company (Kabushiki Kaisha)
Authorized:
800 shares
Issued: 200 shares
Sum: Yen 10 million
Major
shareholders (%): Nippon Salvage Service Co Ltd* (100)
*.. Mfr of construction machines, at the caption address,
founded 1962, capital Yen 30 million, sales Yen 1,798 million, net losses Yen
179 million, employees 132, pres Yasuhiro Osaki, concurrently
Nothing detrimental is known as to the commercial morality
of executives.
Activities:
Imports, exports ,wholesales and leases construction machinery, special &
general vehicles, other, including repairing services (--100%)
Clients:
[Mfrs, wholesalers] Nippon Salvage Services Co, other
Exports to China, Vietnam, Indonesia, other
No. of
accounts: 100 (Domestic clients only9
Domestic
areas of activities: Centered in Kyoto & greater-Osaka
Suppliers: [Mfrs, wholesalers] Kato Works Co, Yamamoto
Vinita Co, Ako Kasei Co, other
Imports from China, Vietnam, Indonesia, other
Payment
record: No Complaints
Location:
Business area in Kyoto. Office premises
at the caption address are owned by the parent, Nippon Salvage Service Co, and
maintained satisfactorily.
Bank
References:
Bank of Kyoto (H/O)
SMBC (Kyoto)
Relations: Satisfactory
(In Million Yen)
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Terms Ending: |
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31/12/2012 |
31/12/2011 |
31/12/2010 |
31/12/2009 |
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Annual Sales |
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195 |
188 |
77 |
44 |
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Recur. Profit |
|
.. |
.. |
.. |
.. |
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Net Profit |
|
10 |
6 |
4 |
1 |
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Total Assets |
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N/A |
N/A |
N/A |
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Net Worth |
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|
63 |
57 |
53 |
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Capital, Paid-Up |
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|
10 |
10 |
10 |
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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 |
3.72 |
144.16 |
75.00 |
-6.38 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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.. |
.. |
.. |
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N.Profit/Sales |
5.13 |
3.19 |
5.19 |
2.27 |
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Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 31/12/2012 fiscal
term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.89 |
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|
1 |
Rs.83.66 |
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Euro |
1 |
Rs.70.58 |
INFORMATION DETAILS
|
Report
Prepared by : |
SHG |
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.