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Report Date : |
20.09.2013 |
IDENTIFICATION DETAILS
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Name : |
CATERPILLAR JAPAN LTD |
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Registered Office : |
Setagaya Business Square Tower, 4-10-1 Yoga Setagayaku Tokyo, 158-0097 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
Nov 1963 |
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Com. Reg. No.: |
0109-01-005953 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufactures construction machinery/ equipment, their
components & parts , power shovels, hydraulic shovels, wheel loaders,
bulldozers, dump trucks, tractor shovels |
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|
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No. of Employees : |
2,968 |
RATING & COMMENTS
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MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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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Status : |
Good |
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Payment Behaviour : |
Regular |
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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,
2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
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 |
CATERPILLAR JAPAN
LTD
Caterpillar Japan
KK
Setagaya Business Square
Tower, 4-10-1 Yoga Setagayaku Tokyo
158-0097JAPAN
Tel:
03-5717-1121 Fax: 03-5717-1129
*..
The is its Sagami Plant in Sagamihara
URL: http://www.japan.cat.com/
E-mail: info@japan.cat.com
Mfg of
construction machinery, equipment
Sagamihara
(Sagami Office), Chichibu, Akashi
Sagamihara
(Sagami Plant), Akashi, Chichibu (Studio, exhibition)
NORIYUKI
TAKEUCHI, PRES
Yen
Amount: In million Yen, unless otherwise
stated
FINANCES FAIR A/SALES Yen 388,025 M
PAYMENTSREGULAR CAPITAL Yen
15,000 M
TREND UP WORTH Yen 49,827 M
STARTED 1963 EMPLOYES 2,968
MFR OF
CONSTRUCTION MACHINERY
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
The subject company was established as a JV between
Mitsubishi Heavy Ind and Caterpillar International, as Shinn Caterpillar
Mitsubishi Co Ltd. Renamed as captioned
in 2008. This is a specialized mfr of
construction machinery & equipment, hydraulic shovels, power shovels, wheel
loaders, bulldozers, dump trucks, their components & parts. In Apr 2012, Caterpillar bought the shares
from Mitsubishi Heavy Ind, and the firm became its wholly-owned
subsidiary. Clients are major
construction companies & government agencies, nationwide.
The sales
volume for Dec/2012 fiscal term amounted to Yen 388,025 million, a 6% up from
Yen 366,018 million in the previous term.
Demand increased from the Earthquake-stricken regions. The net profit was posted at Yen 12,039
million, compared with Yen 8,205 million a year ago.
For
the current term ending Dec 2013 The net profit is projected at Yen 13,000
million, on a 5% rise in turnover, to Yen 407,000 million.
The
financial situation is considered FAIR and good for ORDINARY business
engagements.
Date Registered: Nov 1963
Regd No.: 0109-01-005953
(Tokyo-Setagayaku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 120 million shares
Issued:
30 million shares
Sum: Yen
15,000 million
Major shareholders (%):
Caterpillar International Investments (100)
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures construction machinery/
equipment, their components & parts (--100%): power shovels, hydraulic
shovels, wheel loaders, bulldozers, dump trucks, tractor shovels, other.
(Mg & handling items):
Tractor & Haulers: bulldozers, track-type loaders,
wheel loaders, mini wheel loaders, dump trucks, rough terrain haulers, motor
scrapers;
Excavators: hydraulic excavators, mini hydraulic
excavators;
Road Equipment: motor graders, asphalt finishers,
surface recycling equipment;
Disposal, Forest Machine: landfill compactor, compactor,
skidder;
Recycle Equipment: crusher, shredder, soil blender, wood
crusher, tab grinder, bark blower, trammel, vibrating screen, other.
Clients: [Construction companies, governments]
Caterpillar East Japan, Caterpillar West Japan, for distribution/delivery
nationwide.
No. of accounts: 300
Domestic
areas of activities: Nationwide
Suppliers [Mfrs, wholesalers] Caterpillar Inc,
Mitsubishi Heavy Ind, Mitsubishi Corp, Press Ind, Kobe Sharling, Metal One Specialty
Steel Corp, Mitsubishi Corporation Technos, other.
Payment record:
Regular
Location:
Business area in Tokyo. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References:
MUFG
(H/O)
City
Bank (H/O)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/12/2013 |
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
|
Annual
Sales |
|
407,000 |
388,025 |
366,018 |
271,876 |
|
Recur.
Profit |
|
|
|
21,111 |
25,425 |
|
Net
Profit |
|
13,000 |
12,039 |
8,205 |
19,592 |
|
Total
Assets |
|
|
179,180 |
234,526 |
189,011 |
|
Current
Assets |
|
|
111,341 |
166,818 |
115,433 |
|
Current
Liabs |
|
|
119,320 |
152,226 |
110,684 |
|
Net
Worth |
|
|
49,827 |
74,153 |
66,000 |
|
Capital,
Paid-Up |
|
|
15,000 |
15,000 |
15,000 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
4.89 |
6.01 |
34.63 |
148.26 |
|
|
Current Ratio |
|
.. |
93.31 |
109.59 |
104.29 |
|
N.Worth Ratio |
.. |
27.81 |
31.62 |
34.92 |
|
|
R.Profit/Sales |
|
.. |
.. |
5.77 |
9.35 |
|
N.Profit/Sales |
3.19 |
3.10 |
2.24 |
7.21 |
|
|
Return On Equity |
.. |
24.16 |
11.06 |
29.68 |
|
Notes:
Forecast (or estimated) figures for the 31/12/2014 fiscal term
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.61.74 |
|
UK Pound |
1 |
Rs.99.56 |
|
Euro |
1 |
Rs.83.54 |
INFORMATION DETAILS
|
Report
Prepared by : |
NLM |
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 |
|
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 |
|
<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.