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Report No. : |
352274 |
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Report Date : |
26.11.2015 |
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 |
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
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2015) |
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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 an 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. Scarce in many natural resources, Japan has long been dependent on imported raw materials. Since the complete shutdown of Japan’s nuclear reactors after the earthquake and tsunami disaster in 2011, Japan's industrial sector has become even more dependent than it was previously on imported fossil 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 impressive - 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 aftereffects 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. 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 of that year disrupted manufacturing. The economy has largely recovered in the four years since the disaster, although reconstruction in the affected Tohoku region has lagged, in part due to a shortage of labor in the construction sector. Japan enjoyed a sharp uptick in growth in 2013 on the basis of Prime Minister Shinzo Abe’s “Three Arrows” economic revitalization agenda - dubbed “Abenomics” - of monetary easing, “flexible” fiscal policy, and structural reform. Abe’s government has replaced the preceding administration’s plan to phase out nuclear power with a new policy of seeking to restart nuclear power plants that meet strict new safety standards, and emphasizing nuclear energy’s importance as a base-load electricity source. Japan joined the Trans-Pacific Partnership (TPP) 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 first-place China, which surpassed Japan in 2001, and third-place India, which edged out Japan in 2012. While seeking to stimulate and reform the economy, the government must also devise a strategy for reining in Japan's huge government debt, which amounts to more than 230% of GDP. To help raise government revenue, Japan adopted legislation in 2012 to gradually raise the consumption tax rate to 10% by 2015, beginning with a hike from 5% to 8% implemented in April 2014. That increase had a contractionary effect on GDP, however, so PM Abe in late 2014 decided to postpone the final phase of the increase until April 2017 to give the economy more time to recover. Led by the Bank of Japan’s aggressive monetary easing, Japan is making progress in ending deflation, but demographics - low birthrate and an aging, shrinking population - pose 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
PAYMENTS NO 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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.. |
.. |
.. |
.. |
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Net
Profit |
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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 |
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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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.66.38 |
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1 |
Rs.100.45 |
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Euro |
1 |
Rs.70.55 |
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
ANK |
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.