|
Report Date : |
02.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
ADVANCED
MATERIALS JAPAN CORPORATION |
|
|
|
|
Registered Office : |
Sanno Park Tower 12F, 2-11-1Nagatacho
Chiyodaku Tokyo 100-6112 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
31.03.2014 (Estimated) |
|
|
|
|
Date of Incorporation : |
July 2003 |
|
|
|
|
Legal Form : |
Limited Company |
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|
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Line of Business : |
Importer, exporter and wholesaler of rare metals, rare earths, nonferrous metals & ferroalloys. |
|
|
|
|
No of Employees : |
27 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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. Prime Minister Shinzo ABE
has declared the economy his government's top priority; he has overturned his
predecessor's plan to permanently close nuclear power plants and is pursuing an
economic revitalization agenda of fiscal stimulus, monetary easing, and
structural reform. Japan joined the Trans Pacific Partnership negotiations in
2013, a pact that would open Japan's economy to increased foreign competition
and create new export opportunities for Japanese businesses. Measured on a
purchasing power parity (PPP) basis that adjusts for price differences, Japan
in 2013 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 is
exceeding 230% of GDP. To help raise government revenue and reduce public debt,
Japan decided in 2013 to gradually increase the consumption tax to a total of
10% by the year 2015. Japan is making progress on ending deflation due to a
weaker yen and higher energy costs, but reliance on exports to drive growth and
an aging, shrinking population pose other major long-term challenges for the
economy.
|
Source : CIA |
ADVANCED MATERIALS JAPAN CORPORATION
Advanced Material
Japan KK
Sanno Park Tower
12F, 2-11-1Nagatacho Chiyodaku Tokyo 100-6112 JAPAN
Tel:
03-3507-2301 Fax: 03-3507-2302
URL: http://www.amjc.co.jp
E-Mail address: (thru
the URL)
Importer, exporter and wholesaler of rare metals, rare earths, nonferrous metals & ferroalloys.
Nil
Singapore,
China, Vietnam, Toronto, Moscow, other
(subsidiaries)
SHIGEO
NAKAMURA, PRES
Hidenori
Nakamura, dir
Hideo
Yamashita, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 34,654 M
PAYMENTS No
Complaints CAPITAL Yen 58 M
TREND SLOW WORTH Yen
1,953 M
STARTED 2003 EMPLOYES 27
TRADING FIRM SPECIALIZING IN RARE METALS, RARE EARTHS,
OTHER, OWNED BY ALCONIX CORP.
FINANCIAL SITUATION CONSIDERED FAIR
AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established on the basis of a trading division separated from Alconix Corp (See REGISTRATION). This is a trading firm for import, export and wholesale of rare metals, rare earths, nonferrous metals & ferroalloys. Clients include metal mfrs, chemical mfrs, other
The sales volume for Mar/2013 fiscal term amounted to Yen 34,654 million, a 51% down from Yen 71,178 million in the previous term. Metal prices ups & downs affect sales much. The recurring profit was posted at Yen 984 million and the net profit at Yen 580 million, respectively, compared with Yen 2,102 million recurring profit and Yen 1.186 million net profit, respectively, a year ago. Sales in the previous term include a large-lot orders from the parent and group firms.
For the term that ended Mar 2014 the recurring profit was projected at Yen 1,000 million and the net profit at Yen 600 million, respectively, on a 3% rise in turnover, to Yen 35,700 million. Final results are yet to be released.
The financial situation is considered FAIR and good for ORDINARY business engagements.
Date Registered: Jul 2003
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
4,928 shares
Issued:
1,232 shares
Sum: Yen 58.551 million
Major shareholders (%): Alconix Corp* (89.8), Shigeo
Nakamura (10.2)
No. of shareholders: 2
*.. Leading nonferrous metals trading firm, Tokyo, founded 1981, listed Tokyo S/E, capital Yen 2,833 million, sales Yen 164,769 million, operating profit Yen 3,286 million, recurring profit Yen 2,892 million, net profit Yen 1,430 million, employees 730, pres Eiitsu Masaki
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports, exports and wholesales titanium & related products (5%), tungsten, molybdenum, other (19%), rare earths (54%), others (22%)
Overseas Sales Ratio (80%)
Clients: [Mfrs, wholesalers] Hitachi Metal Ind, Allied Materials, Japan Metals & Chemicals Co, TDX, Sumitomo Electric Ind, Japan New Metals, Kobe Steel, other
No. of accounts: 500
Domestic areas of activities:
Nationwide
Suppliers: [Mfrs, wholesalers] A&IR Mining
JSC, UKI Holdings, XTC, ZHUZHOU, other
Payment record: No
Complaints
Location:
Business area in Tokyo. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References:
Mizuho
Bank (Akasaka)
SMBC
(Akasaka)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/03/2014 |
31/03/2013 |
31/03/2012 |
31/03/2011 |
|
|
Annual
Sales |
|
35,700 |
34,654 |
71,178 |
24,829 |
|
Recur.
Profit |
|
1,000 |
984 |
2,102 |
836 |
|
Net
Profit |
|
600 |
580 |
1,186 |
477 |
|
Total
Assets |
|
|
8,795 |
14,710 |
13,273 |
|
Current
Assets |
|
|
8,350 |
14,490 |
|
|
Current
Liabs |
|
|
3,417 |
9,131 |
|
|
Net
Worth |
|
|
3,953 |
3,613 |
2,534 |
|
Capital,
Paid-Up |
|
|
58 |
58 |
58 |
|
Div.P.Share(¥) |
|
|
31.51 |
56.44 |
22.89 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
3.02 |
-51.31 |
186.67 |
98.90 |
|
|
Current Ratio |
.. |
244.37 |
158.69 |
.. |
|
|
N.Worth Ratio |
.. |
44.95 |
24.56 |
19.09 |
|
|
R.Profit/Sales |
2.80 |
2.84 |
2.95 |
3.37 |
|
|
N.Profit/Sales |
1.68 |
1.67 |
1.67 |
1.92 |
|
|
Return On Equity |
.. |
14.67 |
32.83 |
18.82 |
|
Notes:
Forecast (or estimated) figures for the 31/03/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.03 |
|
UK Pound |
1 |
Rs.98.91 |
|
Euro |
1 |
Rs.80.33 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
MNL |
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.