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Report Date : |
06.05.2014 |
IDENTIFICATION DETAILS
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Name : |
MOTOROLA SOLUTIONS INC |
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Registered Office : |
Ark Yagi Hills,
1-8-7 Roppongi Minatoku Tokyo 106-0032 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
April
1975 |
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Com. Reg. No.: |
0100-01-096587
(Tokyo-Minatoku) |
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Legal Form : |
Limited Company |
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Line of Business : |
importer and
wholesaler of Digital Wireless
Communication Equipment, Mobile Computers, Bar-Code Scanners & Cellular
Systems. |
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No of Employees : |
150 (about) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 – 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 |
MOTOROLA SOLUTIONS INC
Motorola Solutions
KK
Ark Yagi Hills,
1-8-7 Roppongi Minatoku Tokyo 106-0032 JAPAN
Tel:
03-6365-7000 Fax: 03-3495-7555
URL: http://www.motorolasolutions.com
E-Mail address: (thru the URL)
importer and wholesaler of Digital Wireless Communication Equipment, Mobile Computers, Bar-Code Scanners
&
Cellular Systems.
Kawasaki,
Osaka
USA
(the parent)
HIROAKI
OBAYASHI, PRES
Shin’ichi
Matsunaga, dir
Yoshinao
Negishi, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 7,004 M
PAYMENTSSlow But Correct CAPITAL Yen 1,500 M
TREND SLOW WORTH Yen 7,722 M
STARTED 1975 EMPLOYES 150 (about)
TRADING FIRM SPECIALIZING IN WIRELESS COMMUNICATION
EQUIPMENT.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established by Motorola Solutions Inc, USA as its Japan Branch Office. This is a trading firm specializing in import and wholesale of digital wireless communication equipment, mobile computers, bar-code scanners & cellular systems. Goods are all imported from the USA parent and its group firms.
The sales volume for Dec/2012 fiscal term amounted to Yen 7,004 million,
a 65% down from Yen 19,880 million in the previous term. Some of the operations was transferred to a
group firm, details of which is not disclosed.
The net profit was posted at Yen 381 million, compared with Yen 19,880
million a year ago.
For the term that ended Dec 2013 the net profit was projected at Yen 500
million, on a 10% rise in turnover, to Yen 7,700 million. Final results are yet to be released.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
Date Registered: Apr 1975
Regd No.: 0100-01-096587 (Tokyo-Minatoku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
30 million shares
Issued:
30 million shares
Sum: Yen 1,500 million
Major shareholders (%): Motorola Solutions Inc, USA
(100)
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports and
wholesales digital wireless communication equipment, mobile computers, cellular
systems, bar-code scanners, other (--100%)
Clients: [Mfrs,
wholesalers] KDDI, NTT DoComo, SoftBank group firms, other
No. of accounts: 100
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers]
Motorola (China) Electronics Ltd, Motorola Solutions Ins, USA, other
Payment record: Slow But
Correct
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
SMBC
(Tokyo)
MUFG
(Tokyo)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/12/2013 |
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
|
Annual
Sales |
|
7,700 |
7,004 |
19,880 |
71,623 |
|
Recur.
Profit |
|
|
|
-295 |
1,020 |
|
Net
Profit |
|
500 |
331 |
1,940 |
1,455 |
|
Total
Assets |
|
|
10,976 |
18,240 |
41,802 |
|
Current
Assets |
|
|
5,134 |
4,129 |
26,528 |
|
Current
Liabs |
|
|
2,348 |
16,582 |
27,441 |
|
Net
Worth |
|
|
7,722 |
16,582 |
27,441 |
|
Capital,
Paid-Up |
|
|
1,500 |
1,500 |
1,500 |
|
Div.Ttl
in Million (¥) |
|
|
0.00 |
12.8 |
1 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
9.94 |
-64.77 |
-72.24 |
-19.84 |
|
|
Current Ratio |
.. |
218.65 |
24.90 |
96.67 |
|
|
N.Worth Ratio |
.. |
70.35 |
90.91 |
65.65 |
|
|
R.Profit/Sales |
.. |
.. |
-1.48 |
1.42 |
|
|
N.Profit/Sales |
6.49 |
4.73 |
9.76 |
2.03 |
|
|
Return On Equity |
.. |
4.29 |
11.70 |
5.30 |
|
Notes:
Forecast (or estimated) figures for the 31/12/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.05 |
|
UK Pound |
1 |
Rs.101.32 |
|
Euro |
1 |
Rs.83.34 |
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.