MIRA INFORM REPORT
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Report No. : |
317755 |
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Report Date : |
23.04.2015 |
IDENTIFICATION DETAILS
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Name : |
MOMENTIVE PERFORMANCE MATERIALS JAPAN INC |
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Registered Office : |
Akasaka Park Bldg 19F, 5-2-20 Akasaka Minatoku Tokyo 107-0052 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
November 2006 |
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Com. Reg. No.: |
0104-03-005952 (Tokyo-Minatoku) |
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Legal Form : |
Private Limited Company (Godo Gaisha) |
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Line of Business : |
Manufactures silicon, quarts, ceramics |
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No. of Employee : |
498 |
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 |
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Maximum Credit Limit : |
Yen 735.0 Million |
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Status : |
Satisfactory |
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Payment Behaviour : |
No complaints |
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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 31, 2014
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Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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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.
Since the complete shutdown of Japan’s nuclear reactors after the earthquake
and tsunami disaster in 2011, Japan's industrial sector has become 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 four
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. A sales tax increase caused
the economy to contract during the 2nd and 3rd quarters of 2014. The economy
has largely recovered in the three years since the disaster, but reconstruction
in the Tohoku region has been uneven due to labor shortages. 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 2014 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 government will continue a
longstanding debate on restructuring the economy and reining in Japan's huge
government debt, which amounts to more than 240% 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 2015, although the government
in 2014 decided to postpone the final phase of the increase until 2017 to give
the economy time to recover from the 2014 increase. 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.
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Source
: CIA |
Company
name and address
MOMENTIVE PERFORMANCE MATERIALS JAPAN INC
REGD NAME: Momentive
Performance Materials Japan GK
MAIN OFFICE: Akasaka
Park Bldg 19F, 5-2-20 Akasaka Minatoku Tokyo 107-0052 JAPAN
Tel: 03-5544-3100
Fax: 03-5544-3717
*..
The is its Gunma Mfg Factory
E-Mail
address: (thru the URL)
ACTIVITIES
Mfg of
silicon, quarts, ceramics, other
BRANCHES
Osaka,
Nagoya
OVERSEAS
China
(Business partner)
FACTORIES
Gunma
(as given) Hyogo (2)
OFFICERS
AKIRA
SAKURAI, PRES
Takehiko
Kido, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen
40,000 M
PAYMENTS NO COMPLAINTS CAPITAL Yen 3,324 M
TREND STEADY WORTH Yen 3,471 M
STARTED 2006 EMPLOYES 498
COMMENT
MFR OF SILICON, QUARTS,
CERAMICS, OTHER.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR
ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT
LIMIT: ESTIMATED AT YEN 735.0 MILLION, ON 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company is a special mfr of silicon, quarts, ceramics, other. Operates 3 factories in Gunma & Hyogo-Pref. Products are exported.
FINANCIAL
INFORMATION
Financials are disclosed only partially. Profits are not disclosed and only estimated.
The sales volume for Dec/2013 fiscal term amounted to Yen 40 million, a similar amount in the in the previous term. The net profit is estimated posted at Yen 30 million, similarly in the previous term.
For the term that ended Dec 2014 the net profit was projected at Yen 35 million, on a 5% rise in turnover, to Yen 42,000 million. Final results are yet to be released.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 735.0 million, on 30 days normal terms.
REGISTRATION
Date Registered: Nov
2006
Regd No.: 0104-03-005952
(Tokyo-Minatoku)
Legal Status: Private
Limited Company (Godo Gaisha)
Authorized: 66,480
shares
Issued:
66,480 shares
Sum: Yen
3,324 million
Major shareholders (%): Akira
Sakurai, other (Details not disclosed)
No. of shareholders: 7
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities:
Manufactures silicon, quarts, ceramics, other (--100%)
Clients: [Mfrs, wholesalers] Itochu Chemical
Frontier, Nagase Corp, CBC, Techno SI, Hikari Alphax, other
No. of accounts: 350
Domestic areas of activities:
Nationwide
Suppliers: [Mfrs, wholesalers] General Electric
Co, Itochu Corp, Mitsubishi Corp Mitsui & Co, Nagase Corp, other
Payment record: No Complaints
Location: Business area in Tokyo. Office premises at the caption address are
leased and maintained satisfactory.
Bank References:
SMBC
(Tokyo)
Gunma
Bank (Ohta)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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31/12/2014 |
31/12/2013 |
31/12/2012 |
31/12/2011 |
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Annual
Sales |
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42,000 |
40,000 |
40,000 |
40,000 |
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Recur.
Profit |
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.. |
.. |
.. |
.. |
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Net
Profit |
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35 |
30 |
30 |
30 |
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Total
Assets |
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N/A |
N/A |
N/A |
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Net
Worth |
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3,471 |
3,441 |
3,411 |
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Capital,
Paid-Up |
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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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(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
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5.00 |
0.00 |
0.00 |
0.00 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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.. |
.. |
.. |
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N.Profit/Sales |
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0.08 |
0.08 |
0.08 |
0.08 |
Notes:
Financials are only partially disclosed.
Profits are only estimated as not disclosed.
Forecast
(or estimated) figures for the 31/12/2014 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.62.82 |
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1 |
Rs.93.85 |
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Euro |
1 |
Rs.67.59 |
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
ANK |
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.