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Report No. : |
336183 |
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Report Date : |
17.08.2015 |
IDENTIFICATION DETAILS
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Name : |
NIIGATA POWER SYSTEMS CO LTD |
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Registered Office : |
2-14-5 Sotokanda Chiyodaku Tokyo 101-0021 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
February 2003 |
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Com. Reg. No.: |
0100-01-081674 (Tokyo-Chiyodaku) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Manufacturer of diesel engines |
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No. of Employees : |
808 |
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, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 tiny agricultural sector is highly subsidized and protected, with crop yields among the highest in the world. Usually self-sufficient in rice, Japan imports about 60% of its food on a caloric basis. Japan maintains one of the world's largest fishing fleets and accounts for nearly 15% of the global catch. 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. Measured on a purchasing power parity (PPP) basis that adjusts for price differences, Japan in 2011 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 2011. A sharp downturn in business investment and global demand for Japan's exports in late 2008 pushed Japan further 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 in March disrupted manufacturing. Electricity supplies remain tight because Japan has temporarily shut down almost all of its nuclear power plants after the Fukushima Daiichi nuclear reactors were crippled by the earthquake and resulting tsunami. Estimates of the direct costs of the damage - rebuilding homes, factories, and infrastructure - range from $235 billion to $310 billion, and GDP declined almost 0.5% in 2011. Prime Minister Yoshihiko NODA has proposed opening the agricultural and services sectors to greater foreign competition and boosting exports through membership in the US-led Trans-Pacific Partnership trade talks and by pursuing free-trade agreements with the EU and others, but debate continues 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.
Source
: CIA
NIIGATA POWER SYSTEMS CO LTD
REGD NAME: Niigata
Gendoki KK
MAIN OFFICE: 2-14-5
Sotokanda Chiyodaku Tokyo 101-0021 JAPAN
Tel: 03-4366-1200
Fax: 03-4366-1300
URL: http://www.niigata-power.com
E-Mail address: (thru the URL)
Mfg of diesel
engines
Sapporo, Sendai,
Niigata, Nagoya, Osaka, Fukuoka, other (Tot 13)
Indonesia, Europe
Ohta, Niigata (3);
Indonesia
JUN’ICHI SAIKAWA,
PRES Yasuhiro Itoh, v pres
Kazuhiko Motoyama,
dir Yuji Matsui,
dir
Takashi Nakanishi,
dir Shigeru Seki, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 61,878 M
PAYMENTSUSUALLY
CORRECT CAPITAL Yen 3,000 M
TREND UP WORTH Yen 15,789 M
STARTED 2003 EMPLOYES 808
MFR OF DIESEL ENGINES, OWNED BY IHI CORP.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 1,315.1 MILLION, 30 DAYS NORMAL TERMS
The subject company was established originally in 1895 as an engineering
plant by Nippon Oil Co. Through mergers
and amalgamation, the firm was re-established anew in 2003. This is a specialized mfr of diesel engines
(marine, power, generation, railway, vehicles), gas turbines, power generators,
other. The firm is wholly owned by IHI
Corp (See REGISTRATION). Clients include Self Defense Forces,
Government agencies, electric powers, gas companies, other
The sales volume for Mar/2012 fiscal term amounted to Yen 61,878
million, a 2% up from Yen 60,930 million in the previous term. The recurring profit was posted at Yen 4,046
million and the net profit at Yen 2,218 million, respectively, compared with
Yen 5,050 million recurring profit and Yen 2,777 million net profit,
respectively, a year ago.
For the current term ending Mar 2013 the recurring profit is projected
at Yen 4,100 million and the net profit at Yen 2,300 million, respectively, on
a 3% rise in turnover, to Yen 64,000 million.
Business is seen steadily expanding.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 1,315.1 million, on 30 days normal terms.
Date Registered: Feb 2003
Regd No.:
0100-01-081674
(Tokyo-Chiyodaku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 240,000 shares
Issued: 60,000 shares
Sum: Yen 3,000 million
Major
shareholders (%): IHI Corp* (100)
*.. One of major comprehensive heavy
electric machinery mfrs, Tokyo, founded 1889, listed Tokyo S/E, capital Yen
95,762 million, sales Yen 1,221,869 million, operating profit Yen 43,333
million, recurring profit Yen 41,715 million, net profit Yen 23,823 million,
total assets Yen 1,317,408 million, net worth Yen 255,946 million, employees
28,378, pres Tamotsu Saito
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures
diesel engines (land powers, pumps, other) (19%), marine engines, Z-pellers,
parts, others (81%)
Exports
(33%)
(Mfg
Items): diesel engines, gas engines, dual fuel engines, gas turbines, Z-pellers,
power generators, Geislinger couplings dampers, fuel injection equipment,
foundry parts, other.
Clients: [Government
Agencies, mfrs, wholesalers] Japan Coast Guard, Ministry of Defense, Ministry
of Land, Infrastructure, Tokyo Electric Power, Tohoku Electric Power, Kansai
Electric Power, Kyushu Electric Power, Tokyo Gas, other
No. of accounts: 500
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] NICO Precision Co, Hitachi NICO Transmission, Nunotani Nautical
Instruments Mfg, Niigata Mechatronics Co, Solar Turbines Inc, other
Payment record: Usually Correct
Location: Business area in
Tokyo. Office premises at the caption
address are owned and maintained satisfactorily.
Bank References:
Mizuho Bank
(Kyobashi)
SMBC (H/O)
Relations:
Satisfactory
(In Million
Yen)
|
Terms Ending: |
31/03/2013 |
31/03/2012 |
31/03/2011 |
31/03/2010 |
|
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Annual
Sales |
|
64,000 |
61,878 |
60,930 |
53,713 |
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Recur.
Profit |
|
4,100 |
4,046 |
5,050 |
|
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Net
Profit |
|
2,300 |
2,218 |
2,777 |
2,300 |
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Total
Assets |
|
|
52,312 |
58,422 |
54,433 |
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Current
Assets |
|
|
40,922 |
45,207 |
|
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Current
Liabs |
|
|
27,350 |
32,927 |
|
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Net
Worth |
|
|
15,789 |
14,968 |
12,207 |
|
Capital,
Paid-Up |
|
|
3,000 |
3,000 |
3,000 |
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Div.Ttl
in Million (¥) |
|
|
1,527 |
0.00 |
622 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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|
S.Growth Rate |
3.43 |
1.56 |
13.44 |
-14.07 |
|
|
Current Ratio |
.. |
149.62 |
137.29 |
.. |
|
|
N.Worth Ratio |
.. |
30.18 |
25.62 |
22.43 |
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|
R.Profit/Sales |
6.41 |
6.54 |
8.29 |
.. |
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N.Profit/Sales |
3.59 |
3.58 |
4.56 |
4.28 |
|
|
Return On Equity |
.. |
14.05 |
18.55 |
18.84 |
|
Notes: Forecast
(or estimated) figures for the 31/03/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.12 |
|
|
1 |
Rs.101.62 |
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Euro |
1 |
Rs.72.55 |
INFORMATION DETAILS
|
Report Prepared
by : |
TPT |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.