MIRA
INFORM REPORT
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Report Date : |
22nd
January, 2007 |
IDENTIFICATION DETAILS
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Name : |
MARUBENI
PETROLEUM CO LTD |
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Registered Office : |
Marubeni
Corporation, 1-4-2 Ohtemachi Chiyodaku |
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Country : |
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Financials (as on) : |
31.03.2007
(Estimated) |
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Date of Incorporation : |
December
1989 |
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Legal Form : |
Intra-house division company |
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Line of Business : |
Import, export, wholesale of petroleum and products |
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 6,591.7 Million |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company Name
MARUBENI
PETROLEUM CO LTD
REGD NAME
Marubeni
Petroleum (Intra-house company & not registered)
MAIN OFFICE
c/o
Marubeni Corporation, 1-4-2 Ohtemachi Chiyodaku
Tel : 03-3282-4939
Fax : 03-3282-4244
URL : http://www.marubeni.co.jp (Of the parent,
Marubeni Corp)
E-Mail address : TOKB554@jp.marubeni.co.jp
ACTIVITIES
Import, export, wholesale of petroleum and products
BRANCHES
Nil
OFFICERS
FUMIYA KOKUBU, REP DIR
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 1,079,900 M
PAYMENTS REGULAR CAPITAL Yen 262,686 M*
TREND STEADY WORTH Yen 663,787 M*
STARTED 1989 EMPLOYES 10**
*.. Both figures are of the parent, Marubeni Corp.
**.. Staff members are overlapped with the Energy Division of the
parent.
COMMENT
PETROLEUM TRADING DIVISION OWNED BY MARUBENI CORP. FINANCIAL
SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 6,591.7 MILLION, 30 DAYS NORMAL TERMS. .
HIGHLIGHTS
The subject firm is an intra-house division company founded by
Marubeni Corp, at the caption address (See REGISTRATION), in order to operate
trading of petroleum, petroleum products, petrochemical products, etc in the
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Mar/2006 fiscal term amounted to Yen
1,079,900 million, a 38% sharp rise from Yen 783,500 million in the previous
term. This was thanks to the
skyrocketing prices of oils and petroleum chemicals. The Energy Division of the parent turns
around 25% of total sales of the group.
The net profit is assumed to have posted Yen 860 million, up from Yen
800 million a year ago. These figures
are only estimated and not confirmed by the firm.
For the current term ending Mar 2007 the net profit is projected
at Yen 870 million, on a 5% rise in turnover, to Yen 1,130,000 million. This is based on the projections of the
Energy Division.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 6,591.7 million, on 30 days normal terms.
REGISTRATION
Date Registered : Not
registered
(Founded Dec 1989)
Legal Status :
Intra-house division company
Major shareholders (%) :
Marubeni Corp*(100)
*.. One of big 5 general trading houses, founded 1949, listed Tokyo, Osaka, Nagoya S/E’s,
capital Yen 362,686 million, sales Yen 8,686,532 million, recurring profit Yen 101,453
million, net profit Yen 73,801 million, total assets Yen 4,587,072 million, net
worth Yen 663,787 million, employees 27,377, pres Nobuo Katsumata.
Nothing detrimental is known as to the commercial morality of
executives.
OPERATION
Activities: Imports, exports and wholesales petroleum &
products (--70%),
Petrochemicals, other materials (--30%).
Trading area within the
Clients
Oil refineries, petrochemical mfrs, wholesalers, other.
No. of accounts
Unavailable
Domestic areas of activities
Nationwide
Suppliers
Oil majors, oil refineries, wholesalers, other.
Payment record
Regular
Location
Business area in
Bank References
Mizuho Bank (H/O)
Bank of Tokyo-Mitsubishi UFJ (H/O)
Relations: Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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31/03/2007 |
31/03/2006 |
31/03/2005 |
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Annual Sales |
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1,130,000 |
1,079,900 |
783,500 |
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Recur. Profit |
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.. |
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Net Profit |
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870 |
860 |
800 |
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Total Assets |
(*) |
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4,587,072 |
4,208,057 |
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Net Worth |
(*) |
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663,787 |
443,152 |
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Capital, Paid-Up |
(*) |
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262,686 |
262,686 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
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S.Growth Rate |
4.64 |
37.83 |
24.68 |
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Current Ratio |
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.. |
.. |
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N.Worth Ratio |
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14.47 |
10.53 |
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N.Profit/Sales |
0.08 |
0.08 |
0.10 |
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Note: Financials are only partially disclosed.
Forecast (or estimated) for the 31/03/2007 fiscal term.
(*) Figures relate to the parent, Marubeni Corp.
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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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