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MIRA
INFORM REPORT
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Report No. : |
492773 |
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Report Date : |
17.02.2018 |
IDENTIFICATION DETAILS
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Name : |
AMADA HOLDINGS CO LTD |
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Registered Office : |
200 Ishida Isehara City Kanagawa-Pref 259-1196 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2017 |
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Date of Incorporation : |
May, 1948 |
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Com. Reg. No.: |
0210-01-020895 (Kanagawa-Isehara) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Manufactures steel
processing machines: metal processing machinery (82%), metal processing
machine tools (17%), others (1%) |
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No. of Employees : |
241 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A+ |
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Credit Rating |
Explanation |
Rating Comments |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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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 Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
JAPAN - ECONOMIC OVERVIEW
Over the past 70 years, government-industry cooperation, a strong work ethic, mastery of high technology, and a comparatively small defense allocation (slightly less than 1% of GDP) have helped Japan develop an advanced economy. Two notable characteristics of the post-World War II 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 have significantly eroded under the dual pressures of global competition and domestic demographic change.
Measured on a purchasing power parity basis that adjusts for price differences, Japan in 2016 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. For three postwar decades, overall real economic growth was impressive - a 10% average in the 1960s, 5% in the 1970s, and 4% in the 1980s. Growth slowed markedly in the 1990s, averaging just 1.7%, largely because of the aftereffects of inefficient investment and the collapse of an asset price bubble in the late 1980s, which entailed considerable 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.
Japan enjoyed an 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. Led by the Bank of Japan’s aggressive monetary easing, Japan is making modest progress in ending deflation, but demographic decline – a low birthrate and an aging, shrinking population – poses a major long-term challenge for the economy. The government currently faces the quandary of balancing its efforts to stimulate growth and institute economic reforms with the necessity of addressing its sizable public debt, which stands at 235% of GDP. To help raise government revenue, Japan adopted legislation in 2012 to gradually raise the consumption tax rate. However, the first such increase, in April 2014, led to another recession, so Prime Minister ABE has twice postponed the next increase, now scheduled for October 2019. Structural reforms to unlock productivity are seen as central to strengthening the economy in the long-run.
Scarce in critical natural resources, Japan has long been dependent on imported energy and raw materials. After the complete shutdown of Japan’s nuclear reactors following the earthquake and tsunami disaster in 2011, Japan's industrial sector has become even more dependent than before on imported fossil fuels. However, ABE’s government is seeking to restart nuclear power plants that meet strict new safety standards and is emphasizing nuclear energy’s importance as a base-load electricity source. In August 2015, Japan successfully restarted one nuclear reactor at the Sendai Nuclear Power Plant in Kagoshima prefecture, and several other reactors around the country have since resumed operations; however, opposition from local governments has delayed several more restarts that remain pending. Reforms of the electricity and gas sectors, including full liberalization of Japan’s energy market in April 2016 and gas market in April 2017, constitute an important part of Prime Minister Abe’s economic program.
In October 2015, Japan and 11 trading partners reached agreement on the Trans-Pacific Partnership (TPP), a pact that had promised to open Japan's economy to increased foreign competition and create new export opportunities for Japanese businesses. Japan was the second country to ratify the TPP in December 2016; the United States signaled its withdrawal from the TPP on January 23, 2017, and as of April 2017 the agreement has not gone into effect.
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Source
: CIA |
Company name and address
AMADA HOLDINGS CO LTD
REGD NAME: KK Amada Holdings
MAIN OFFICE: 200 Ishida Isehara City Kanagawa-Pref 259-1196
JAPAN
Tel: 0463-96-1111 Fax: 0463-93-7390 -
URL: http://www.amadaholdings.co.jp
E-Mail address: (thru the URL)
ACTIVITIES: Mfg of metal processing machines,
processing machine tools, other
BRANCHES: 20 (Domestic)
OVERSEAS: 45 (Overseas)
FACTORIES: Kanagawa, other (--subsidiaries – Domestic
& Overseas)
CHIEF EXEC: TSUTOMU ISOBE, PRES
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 278,840 M
PAYMENTS REGULAR CAPITAL Yen 54,768 M
TREND SLOW WORTH Yen 416,797 M
STARTED 1948 EMPLOYES 241
COMMENT: MFR OF METAL PROCESSING MACHINERY, OTHER
FINANCIAL SITUATION COSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
HIGHLIGHTS
This is the top-class mfr
of metal working machinery. Once
specialized in marketing but merged Amada Machines, machine tool mfg arm in Oct
2013, and restarted production. Largest
maker of steel metal processing machinery.
Aggressively engaged in overseas production. With the purchase of MIYACHI in 2013, the
company further enhances its business in the laser field. Moving to expand the cutting and tool
machines business in the medium term in cooperation with group companies. Setting up mfg & sales bases in various
areas overseas to compete with European peers.
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FINANCIAL INFORMATION
The sales volume for
Mar/2017 fiscal term amounted to Yen 278,840 million, an 8.28% fall from Yen
304,018 million in the previous term.
The recurring profit was posted at Yen 34,307 million and the net profit
at Yen 25,894 million, respectively, compared with Yen 43,157 million recurring
profit and Yen 27,425 million net profit, respectively, a year ago.
For the current term
ending Mar 2018 the recurring profit is projected at Yen 38,000 million and the
net profit at Yen 28,000 million, respectively, on a 4% rise in turnover, to
Yen 290,000 million.
The financial situation is
considered FAIR and good for ORDINARY business engagements.
REGISTRATION
Date Registered: May 1948
Regd No.: 0210-01-020895
(Kanagawa-Isehara)
Legal Status: Limited Company (Kabushiki Kaisha
Authorized: 550
million shares
Issued:
378,115,217 shares
Sum: Yen
54,768 million
Major shareholders (%):
Japan Trustee Services T (12.0), Master Trust Bank of Japan T (8.0), Trust
& Custody Services Trust (3.3), Company’s Treasury Stock (32.2), Mizuho
Bank (2.7), Amada Foundation (2.6), Bank of New York 122972 (2.2), BNP Paribas
Lux J Aberdeen G (1.7), Nippon Life Ins (1.5); foreign owners (41.9)
No. of shareholders:
27,775
Listed on the S/Exchange
(s) of: Tokyo
Managements: Mitsuo
Okamoto, ch; Tsutomu Isobe, pres; Kotaro Shibata, s/mgn dir; Atsushige Abe,
s/mgn dir; Shuichi Kudo, dir; Michiyoshi Mazuka, dir; Toshitake Chino, dir;
Hidekazu Miyoshi, dir
Nothing detrimental is
known as to the commercial morality of executives.
Related companies: Amada
North America, Amada Machine Tool, other.
OPERATION
Activities: Manufactures
steel processing machines: metal processing machinery (82%), metal processing
machine tools (17%), others (1%)
Overseas Sales Ratio (53%)
Clients: [Mfrs,
wholesalers] Amada, Amada Lease, Amada Engineering, Amada Machine Tool, Amada America, other Group firms
No. of accounts: 1,000
Domestic areas of
activities: Nationwide
Payment record: Regular
Location: Business area in
Isehara City, Kanagawa-Pref. Office
premises at the caption address are owned and maintained satisfactorily.
Bank References:
Mizuho Bank
(Shinjuku-Nishiguchi)
SMBC (H/O)
Relations: Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
31/03/2018 |
31/03/2017 |
31/03/2016 |
31/03/2015 |
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Annual Sales |
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290,000 |
278,840 |
304,018 |
286,527 |
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Recur. Profit |
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38,000 |
34,307 |
43,157 |
33,277 |
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Net Profit |
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28,000 |
25,894 |
27,425 |
18,423 |
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Total Assets |
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533,433 |
565,266 |
573,537 |
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Current Assets |
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331,909 |
372,347 |
377,286 |
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Current Liabs |
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96,743 |
117,923 |
125,687 |
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Net Worth |
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416,797 |
416,182 |
423,321 |
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Capital, Paid-Up |
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54,768 |
54,768 |
54,768 |
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Div.Ttl in Million (¥) |
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16,076 |
10,698 |
9,820 |
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<Analytical
Data> |
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(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
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4.00 |
-8.28 |
6.10 |
11.71 |
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Current Ratio |
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343.08 |
315.75 |
300.18 |
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N.Worth Ratio |
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78.13 |
73.63 |
73.81 |
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R.Profit/Sales |
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13.10 |
12.30 |
14.20 |
11.61 |
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N.Profit/Sales |
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9.66 |
9.29 |
9.02 |
6.43 |
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Return On Equity |
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.. |
6.21 |
6.59 |
4.35 |
Notes:
Forecast (or estimated) figures for the 31/03/2018 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.90 |
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1 |
INR 90.31 |
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Euro |
1 |
INR 80.17 |
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JPY |
1 |
INR 0.61 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
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Promoters
/ Management background
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Payment
record
·
Litigation
against the subject
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Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.