MIRA INFORM REPORT
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Report Date : |
18.05.2011 |
IDENTIFICATION DETAILS
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Name : |
NTT COMMUNICATIONS CORPORATION |
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Registered Office : |
NTT Hibiya Bldg, 1-1-6 Uchisaiwaicho Chiyodaku Tokyo 100-0011 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
May 1999 |
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Com. Reg. No.: |
(Tokyo-Chiyodaku) 064608 |
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Legal Form : |
Limited Company |
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Line of Business : |
Global IP Solution Company |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
Yen 47.4 Million |
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Status : |
Moderate |
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Payment
Behaviour : |
Regular |
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Litigation : |
---- |
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 – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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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 |
Company name
NTT COMMUNICATIONS CORPORATION
REGD NAME
NTT Communications
KK
MAIN OFFICE
NTT Hibiya Bldg,
1-1-6 Uchisaiwaicho Chiyodaku Tokyo 100-0011 JAPAN
Tel:
03-3500-8111 Fax: 03-3539-3084
URL: http://www.ntt.com/
E-Mail address: info@ntt.com
ACTIVITIES
Global
IP solution company
BRANCHES
Sapporo,
Sendai, Chiba, Nagoya, Osaka, Fukuoka, other (Tot 17)
OVERSEAS
USA (7),
Europe (5), China (2), other
OFFICER(S)
AKIRA
ARIMA, PRES Shinobu
Umino, v pres
Sadao
Maki, v pres Toshimune
Okihara, mgn dir
Jun
SAwda, dir Takao
Maesawa, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 1,079,268 M
PAYMENTS REGULAR CAPITAL Yen 211,763 M
TREND SLOW WORTH Yen
637,381 M
STARTED 1999 EMPLOYES 8,350
COMMENT
GLOBAL
IＰSOLUTION
COMPANY
FINANCIAL SITUATION CONSIDERED FAIR TO GOOD AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 47.4 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established on the basis of a
division separated from NTT Data Communications
in order to advance into global IP business.
Specializes in providing IP business: Internet
services, IP telephone service, OCN Hikari with Flets, ADSL, other. Boasts top share in Internet service
providing as OCN.
FINANCIAL INFORMATION
The sales volume for
Mar/2010 fiscal term amounted to Yen 1,079,268 million, a 4% down from Yen
1,127,189 million in the previous term.
Global economic downturn affected sales.
Competition on subscribing charges was severe, The recurring profit was posted at Yen
108,526 million and the net profit at Yen 60,695 million, respectively,
compared with Yen 113,575 million recurring profit and Yen 89,070 million net
profit, respectively, a year ago.
For the term that
ended Mar 2011 the recurring profit was projected at Yen 110,000 million and
the net profit at Yen 65,000 million, respectively, on a 2% rise in turnover,
at Yen 1,100,000 million. Final results
are yet to be released.
The financial
situation is considered FAIR and good for ORDINARY business engagements. Max
credit limit is estimated at Yen 47.4 million, on 30 days normal terms.
REGISTRATION
Date Registered: May 1999
Regd No.: (Tokyo-Chiyodaku)
064608
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
16,000 million shares
Issued: 4,235 shares
Sum: Yen 211,763
million
Major shareholders (%):
Nippon Telegraph & Telephone Corp*(100)
* Japan’s largest common carrier, privatized in 1985 from public company,
founded 1985, listed Tokyo S/E,
capital Yen 937,950 million, sales Yen 10,416,305 million, operating profit Yen
1,105,792 million, recurring profit Yen 1,105,163 million, net profit Yen
538,679 million, total assets Yen 18,796,388 million, net worth Yen 7,298,110
million, employees 196,296, pres Satoshi Miura
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Global IP solutions provider: Internet service, telephone service, OCN Hikari (optical fiber usage), OCN ADSL service, OCN Mobile service, other (--100%).
Clients: Business firms, individual subscribers, other.
No. of accounts: Unavailable
Domestic areas of activities: Nationwide
Suppliers: [Telecommunications carriers] NTT East Japan, NTT West Japan, other.
Payment record: Regular
Location: Business area in Tokyo. Office premises at the caption address are owned and maintained satisfactorily.
Bank References:
Mizuho Corporate Bank (H/O)
MUFG (H/O)
Relations: Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
31/03/2011 |
31/03/2010 |
31/03/2009 |
31/03/2008 |
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Annual
Sales |
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1,150 |
1,079 |
1,127 |
1,154 |
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Recur.
Profit |
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110,000 |
108,526 |
113,575 |
112,024 |
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Net
Profit |
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65,000 |
60,695 |
89,070 |
62,774 |
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Total
Assets |
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1,171 |
1,212 |
1,302 |
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Current
Assets |
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286 |
338 |
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Current
Liabs |
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278 |
333 |
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Net
Worth |
|
|
637 |
583 |
537 |
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Capital,
Paid-Up |
|
|
211 |
211 |
211 |
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Div.P.Share(¥) |
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3.50 |
3.50 |
2.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
6.58 |
-4.26 |
-2.34 |
0.79 |
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Current Ratio |
|
.. |
102.88 |
101.50 |
.. |
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N.Worth Ratio |
.. |
54.40 |
48.10 |
41.24 |
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R.Profit/Sales |
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9,565.22 |
10,058.02 |
10,077.64 |
9,707.45 |
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N.Profit/Sales |
5,652.17 |
5,625.12 |
7,903.28 |
5,439.69 |
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Return On Equity |
.. |
9528.26 |
15277.87 |
11689.76 |
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Notes: Forecast figures for the 31/03/2011
fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.45.07 |
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UK Pound |
1 |
Rs.63.57 |
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Euro |
1 |
Rs.72.97 |
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 |
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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.