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Report No. : |
301126 |
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Report Date : |
20.01.2015 |
IDENTIFICATION DETAILS
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Name : |
MURATA PARTS SALES LTD |
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Registered Office : |
136 Takeda-Mukaishirocho Fushimiku Kyoto 612-8686 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2014 |
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Date of Incorporation : |
April 1975 |
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Com. Reg. No.: |
1300-01-011830 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, export, wholesale of textile machine parts & components |
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No. of Employee : |
66 |
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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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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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. 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.
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Source
: CIA |
MURATA
PARTS SALES LTD
Murata Parts Hambai KK
136 Takeda-Mukaishirocho Fushimiku Kyoto
612-8686 JAPAN
Tel: 075-672-8371 Fax: 075-671-9789
E-Mail address: (thru the URL)
Import, export, wholesale of
textile machine parts & components
Tokyo, Osaka, Nagoya, Fukuoka,
Yokohama
(Using the parent’s overseas
offices worldwide)
(subcontracted)
MASAKATSU SHIMADA, PRES
Daisuke Murata, dir (President
of Murata Machinery Ltd)
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 3,317 M
PAYMENTSNO COMPLAINTS CAPITAL Yen
10 M
TREND UP WORTH Yen 1,300 M
STARTED 1975 EMPLOYES 66
TRADING
FIRM SPECIALIZING TEXTILE MACHINE PARTS, WHOLLY
OWNED BY MURATA MACHINERY LTD.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
The
subject company was established on the basis of a trading division separated
from Murata Machinery Ltd, at the caption address (See REGISTRATION). This is a
trading firm for import, export and wholesale of textile machinery parts &
components. Goods are exported to
overseas using the parent’s overseas branch offices. .
Financial
are consolidated by the parent and only partially disclosed.
The
sales volume for Mar/2014 fiscal term amounted to Yen 3,317 million, a 14% up
from Yen 2,920 million in the previous term.
The net profit was posted at Yen 198 million, compared with Yen 171
million a year ago.
For
the current term ending Mar 2015 the net profit is projected at Yen 210
million, on a 6% rise in turnover, to Yen 3,800 million. Business is seen expanding steadily.
The
financial situation is considered FAIR and good for ORDINARY business
engagements.
Date Registered:
Apr 1975
Regd No.: 1300-01-011830
(Kyoto-Fushimiku)
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 8,000
shares
Issued: 2,000
shares
Sum: Yen
10 million
Major
shareholders (%): Murata Machinery Ltd* (100)
*.. Mfr of textile machines, at the caption address, founded
1938, capital Yen 900 million,
Sales Yen 177,945 million, operating profit Yen 10,644
million, recurring profit Yen 18,066 million, net profit Yen 10,042 million,
total assets Yen 236,314 million, net worth Yen 126,291 million, employees
2,608, pres Daisuke Murata
Nothing detrimental is known as
to the commercial morality of executives.
Activities:
Imports, exports and wholesales textile machinery parts & components:
spinning machines, automatic winder, twister for industrial yarn, other (100%)
Clients:
[Mfrs, wholesalers] Murata machinery Shanghai, Murata Machinery Taiwan, Murata
Machinery USA, Murata Machinery Europe GmbH, Murata Thailand, Toyotsu
Machinery, Recron Malaysia Sdn Bhd, other
No. of accounts: Unavailable
Domestic areas of activities:
Nationwide
Suppliers:
[Mfrs, wholesalers] Murata Machinery Ltd, SMC, Sanko Plastics, Tatsumi Shoji
Co, Synztec Co, NOK, other
Payment record: No Complaints
Location:
Business area in Kyoto. Office premises
at the caption address are owned by the parent and maintained satisfactorily.
Bank References:
Mizuho
Bank (Kyoto-Chuo)
MUFG
(Kyoto-Chuo)
Relations:
Satisfactory
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Terms Ending: |
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31/03/2015 |
31/03/2014 |
31/03/2013 |
31/03/2012 |
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Annual
Sales |
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3,500 |
3,317 |
2,920 |
3,331 |
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Recur.
Profit |
|
.. |
.. |
.. |
.. |
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Net
Profit |
|
210 |
198 |
171 |
165 |
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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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1,300 |
1,102 |
931 |
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Capital,
Paid-Up |
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0 |
10 |
10 |
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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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5.52 |
13.60 |
-12.34 |
-2.03 |
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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 |
|
6.00 |
5.97 |
5.86 |
4.95 |
Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 31/03/2015 fiscal
term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.61.84 |
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|
1 |
Rs.93.26 |
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Euro |
1 |
Rs.71.56 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
DPT |
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.