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Report Date : |
29.01.2014 |
IDENTIFICATION DETAILS
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Name : |
YAMAZAKI MAZAKI MINOKAMO CORPORATION |
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Registered Office : |
333 Yamazaki Naka-Hachiya Hachiyacho
Minokamo City Gifu-Pref 505-0005 |
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Country : |
Japan |
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Date of Incorporation : |
December 1980 |
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Com. Reg. No.: |
2000-01-017323 (Gifu-Minokamo) |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer of machine tools |
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No. of Employees : |
500 |
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 : |
Slow but Correct |
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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 – december 01, 2013
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Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
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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 |
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.
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Source : CIA |
YAMAZAKI MAZAKI MINOKAMO CORPORATION
KK Yamazaki Mazak
Minokamo Seisakusho
333 Yamazaki
Naka-Hachiya Hachiyacho Minokamo City Gifu-Pref 505-0005, JAPAN
Tel:
0574-25-8311 Fax: 0574-28-2145
URL: http://www.mazak.jp (Of
the parent, Yamazaki Mazak Corp)
E-Mail address: (thru the URL)
Manufacturer
of machine tools
Nil
At the
caption address (2 plants)
TOMOHISA
YAMAZAKI, PTRD
Yoshihiko
Yamazaki, v ch
Norihiko
Shimizu, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES fair A/SALES Yen 1,200 M*
PAYMENTS Slow
but Correct CAPITAL Yen
80 M
TREND UP WORTH Yen 4,300 M*
STARTED 1980 EMPLOYES 500
*.. Only
estimated as financials are not disclosed
MFR OF MACHINE TOOLS, OWNED BY YAMAZAKI MAZAK CORP.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established by Yamazaki Mazak Corp (See REGISTRATION) as its mfg plants in Minokamo City, Gifu-Pref. This is a specialized mfr of machine tools, operating two plants at the caption address. Products are wholly supplied to the parent and its group firms.
Financials are consolidated by the parent, Yamazaki Mazak Corp, and not individually disclosed. It is only estimated that the annual turnover is Yen 1,200 million, from the sales turnover of the parent.
The financial situation is considered FAIR and good for ORDINARY business engagements.
Date Registered: Dec
1980
Regd No.: 2000-01-017323 (Gifu-Minokamo)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
640,000 shares
Issued:
160,000 shares
Sum: Yen 80 million
Major shareholders (%): Yamazaki Mazak Corp* (100)
*.. Mfr of metal working tools, Aichi-Pref, founded 1949, capital Yen 2,000 million, sales Yen 12,035 million, net profit Yen 1,884 million (both for Mar/2010 figures), employees 150, pres Tomohisa Yamazaki, concurrently
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures machine tools, lathes, machining center, other (--100%)
Clients: [Mfrs, wholesalers] Yamazaki Mazak System Sales, Yamazaki Mazak Trading, other
No. of accounts: 50
Domestic areas of activities: Centered in Gifu-Pref
Suppliers: [Mfrs, wholesalers] Mitsubishi Electric, Izumi Chuzo (casting), Okaya & Co, Fanuc Corp, Suzuka Seisakusho, other
Payment record: Slow but Correct
Location: Business area in Minokamo City, Gifu-Pref. Office premises at the caption address are owned and maintained satisfactorily.
Bank References:
Ogaki
Kyoritsu Bank (Nagoya)
Relations:
Satisfactory
(In Million Yen)
NOT DISCLOSED AND UNAVAILABLE.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.62.99 |
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UK Pound |
1 |
Rs.104.61 |
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Euro |
1 |
Rs.86.17 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
-- |
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.