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Report Date : |
01.02.2014 |
IDENTIFICATION DETAILS
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Name : |
UD TRUCKS CORPORATION |
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Registered Office : |
1-1 Ageo City Saitama-Pref 362-0046 |
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Country : |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
May 1950 |
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Com. Reg. No.: |
0300-01-043599 (Saitama-Ageo) |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer of trucks (small & large), diesel engines
& auto/truck parts/equipment |
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No. of Employees : |
3,200 |
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 |
Company name UD TRUCKS CORPORATION
REGD NAME: UD
Trucks KK
MAIN OFFICE: 1-1
Ageo City Saitama-Pref 362-0046
Tel:
048-781-2301 Fax: 048-781-7505
URL: http://www.udtrucks.com
E-Mail address: (thru
the URL)
ACTIVITIES: Mfg of trucks, diesel engines,
parts, other
BRANCHES: Gunma, Sapporo, Okayama,
Fukuoka (Parts centers)
FACTORIES: At the caption address, Konosu,
Hanyu (--Saitama)
OFFICERS: YUSUKE SAKAUE, PRES
Yen
Amount: In million Yen,
unless otherwise stated
SUMMARY: FINANCES FAIR A/SALES Yen 209,443 M
PAYMENTS No Complaints CAPITAL Yen 38,638 M
TREND UP WORTH Yen 37,219 M
STARTED 1950 EMPLOYES 3,200
COMMENT: TRUCK MAKER, OWNED BY VOLVO
GROUP JAPAN.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
HIGHLIGHTS
The subject company was established originally in 1935 as Nissan Diesel Industries, and was incorporated in 1950, 100% owned by Volvo Group Japan. This is a specialized mfr of trucks, diesel engines & auto parts/equipment. Operates 4 parts centers from Hokkaido to Kyushu.
FINANCIAL INFORMATION:
The sales volume for Dec/2012 fiscal term amounted to Yen 209,443 million, a 4% up from Yen 201,379 million in the previous term. The operations continued in the red, to post Yen 8,949 million recurring loss and Yen 4,260 million net profit, respectively, compared with Yen 13,972 million recurring loss and Yen 13,650 million net loss, respectively, a year ago.
For the term that ended Dec 2013 the operations were projected to come back to full profitability to post Yen 10,000 million recurring profit and Yen 5,000 million net profit, respectively, on a 5% rise In turnover, to Yen 220,000 million. Final results are yet to be released.
The financial situation is considered FAIR and good for ORDINARY business engagements.
REGISTRATION
Date Registered: May
1950
Regd No.: 0300-01-043599
(Saitama-Ageo)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
309,104 shares
Issued:
77,276 shares
Sum: Yen 38.638 million
Major shareholders (%): Volvo Group Japan (100)
Nothing detrimental is known as
to the commercial morality of executives.
OPERATION:
Activities: Manufactures trucks (small & large), diesel engines & auto/truck parts/equipment (--100%)
Clients: [Mfrs, wholesalers] Nissan Motor, UD Trucks Japan, other
No. of accounts: Limited
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Press Kogyo, Nippon Fruehauf Co, Hino Diesel Motor, TBK, Bosch Group, other
Payment record: No Complaints
Location: Business area in Ageo, Saitama-Pref. Office premises at the caption address are owned and maintained satisfactorily.
Bank References:
Mizuho Bank (H/O)
Relations: Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
31/12/2013 |
31/12/2012 |
31/12/2011 |
31/12/2010 |
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Annual
Sales |
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220,000 |
209,443 |
201,379 |
215,587 |
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Recur.
Profit |
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10,000 |
-8,949 |
-13,972 |
-7,330 |
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Net
Profit |
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5,000 |
4,260 |
-13,650 |
2,250 |
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Total
Assets |
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239,866 |
259,113 |
269,809 |
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Current
Assets |
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136,232 |
152,208 |
146,737 |
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Current
Liabs |
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187,677 |
211,330 |
178,717 |
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Net
Worth |
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37,219 |
32,582 |
46,017 |
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Capital,
Paid-Up |
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38,638 |
38,638 |
38,638 |
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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 |
5.04 |
4.00 |
-6.59 |
35.74 |
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Current Ratio |
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.. |
72.59 |
72.02 |
82.11 |
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N.Worth Ratio |
.. |
15.52 |
12.57 |
17.06 |
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R.Profit/Sales |
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4.55 |
-4.27 |
-6.94 |
-3.40 |
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N.Profit/Sales |
2.27 |
2.03 |
-6.78 |
1.04 |
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Notes:
Forecast (or estimated) figures for the 31/12/2013 fiscal term.
RATING EXPLANATIONS
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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 |
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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.