MIRA INFORM REPORT
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Report Date : |
19.05.2011 |
IDENTIFICATION DETAILS
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Name : |
SONY SUPPLY CHAIN SOLUTIONS INC |
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Registered Office : |
3-3-1 Heiwajima Ohtaku Tokyo 143-000 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
February 1962 |
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Com. Reg. No.: |
(Tokyo-Ohtaku) 015430 |
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Legal Form : |
Limited Company |
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Line of Business : |
Logistic operations for procurement electronic parts,
components for exclusively Sony Corp & group firms |
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 421.5 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
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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
SONY SUPPLY CHAIN SOLUTIONS INC
REGD NAME
Sony Supply Chain
Solutions KK
MAIN OFFICE
3-3-1 Heiwajima
Ohtaku Tokyo 143-0006
Tel:
03-5764-8800 Fax: 03-5764-8899
E-Mail
address: sscs-kouhou@jp.sony.com
ACTIVITIES
Logistic operations for procurement electronic parts, components for exclusively Sony Corp & group firms
BRANCHES
46
domestic; 16 overseas
OFFICERS
TOSHIHITO
EZURE, PRES Isao
Inayoshi, dir
Hiroshi Nakagawa, dir Kazuhiro Takanose,
dir
Haruki Tanaka, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 35,127 M
PAYMENTS REGULAR CAPITAL Yen 1,550 M
TREND SLOW WORTH Yen
11,857 M
STARTED 1962 EMPLOYES 709
COMMENT
LOGISTIC OPERATIONS, WHOLLY OWNED BY SONY CORP.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 421.5 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established on the basis of a logistic operation
division separated from Sony Corp (See REGISTRATION). This is a logistic operation center:
procurement of electronic parts & components for exclusive supply to the
parent and group firms. Goods are both
imported and exported.
FINANCIAL INFORMATION
The sales volume for Mar/2010 fiscal term amounted to Yen 35,127
million, a 32% down from Yen 51,595 million in the previous term. The recurring profit was posted at Yen 1,922
million and the net profit at Yen 584 million, compared with Yen 211 million
recurring profit and Yen 1,291 million net losses, respectively, a year ago.
For the term that ended Mar 2011 the recurring profit was projected at
Yen 2,000 million and the net profit at Yen 600 million, respectively, on a 10%
rise in turnover, to Yen 38,500 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 421.5 million, on 30 days normal terms.
REGISTRATION
Date Registered: Feb 1962
Regd No.: (Tokyo-Ohtaku)
015430
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
124,000 shares
Issued: 31,000 shares
Sum: Yen 1,550 million
Major shareholders (%): Sony Corp* (100)
*.. Globally renowned mfr o consumer electronics, Tokyo, founded 1946,
listed Tokyo S/E, capital Yen 630,888 million, sales Yen 7,213,998 million,
operating profit Yen 31,772 million, recurring profit Yen 26,912 million, net
losses Yen 40,802 million, total assets Yen 12,866,114 million, net worth Yen
3,285,555 million, employees 169,900, pres Howard Stringer
Consolidated
Financials are attached (See SUPPLEMENTS)
Nothing detrimental is known as
to the commercial morality of executives.
OPERATION
Activities: Logistics operations for procurement, supply, import, export of electronics parts & components (80%), distribution, transportation (20%)
Clients: [Mfrs, wholesalers] Sony Corp & group firms
No. of accounts: 1,000
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Sony Corp & group firms
Payment record: Regular
Location: Business area in Tokyo. Office premises at the caption address are owned and maintained satisfactorily.
Bank References:
MUFG
(Gotanda)
SMBC
(Gotanda)
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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38,500 |
35,127 |
51,595 |
75,388 |
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Recur.
Profit |
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2,000 |
1,922 |
211 |
1,140 |
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Net
Profit |
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600 |
584 |
-1,291 |
172 |
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Total
Assets |
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63,176 |
41,622 |
71,478 |
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Current
Assets |
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54,911 |
33,753 |
62,012 |
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Current
Liabs |
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48,286 |
28,061 |
55,895 |
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Net
Worth |
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11,857 |
10,712 |
12,686 |
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Capital,
Paid-Up |
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1,650 |
1,650 |
1,650 |
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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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S.Growth Rate |
9.60 |
-31.92 |
-31.56 |
6.41 |
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Current Ratio |
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.. |
113.72 |
120.28 |
110.94 |
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N.Worth Ratio |
.. |
18.77 |
25.74 |
17.75 |
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R.Profit/Sales |
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5.19 |
5.47 |
0.41 |
1.51 |
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N.Profit/Sales |
1.56 |
1.66 |
-2.50 |
0.23 |
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Return On Equity |
.. |
4.93 |
-12.05 |
1.36 |
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Notes:
Forecast (or estimated) figures for the 31/03/2011 fiscal term.
SUPPLEMENTS
CONSOLIDATED FINANCIALS OF THE PARENT, SONY
CORP
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FINANCES: (Consolidated
in million yen) |
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Terms Ending: |
31/03/2010 |
31/03/2009 |
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INCOME STATEMENT |
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Annual Sales |
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7,213,998 |
7,729,993 |
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Cost of Sales |
4,892,563 |
5,660,504 |
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GROSS PROFIT |
2,321,435 |
2,069,489 |
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Selling & Adm Costs |
2,289,603 |
-1,841,706 |
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OPERATING PROFIT |
31,772 |
-227,783 |
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Non-Operating P/L |
-4,860 |
-52,788 |
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RECURRING PROFIT |
26,912 |
-174,955 |
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NET PROFIT |
-40,802 |
-98,938 |
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BALANCE SHEET |
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Cash |
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1,191,608 |
660,789 |
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Receivables |
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996,100 |
963,837 |
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Inventory |
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645,455 |
813,068 |
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Securities, Marketable |
579,493 |
466,912 |
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Other Current Assets |
720,216 |
716,029 |
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TOTAL CURRENT ASSETS |
4,132,872 |
3,620,635 |
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Property & Equipment |
1,007,951 |
1,175,863 |
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Intangibles |
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378,917 |
396,348 |
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Investments, Other Fixed Assets |
7,346,374 |
6,820,665 |
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TOTAL ASSETS |
12,866,114 |
12,013,511 |
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Payables |
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Short-Term Bank Loans |
48,785 |
303,615 |
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Other Current Liabs |
4,011,140 |
3,507,285 |
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TOTAL CURRENT LIABS |
4,059,925 |
3,810,900 |
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Debentures |
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Long-Term Bank Loans |
924,207 |
660,147 |
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Reserve for Retirement Allw |
295,526 |
365,706 |
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Other Debts |
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4,300,901 |
3,960,156 |
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TOTAL LIABILITIES |
9,580,559 |
8,796,909 |
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MINORITY INTERESTS |
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Capital, Paid-Up |
630,822 |
630,765 |
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Surplus |
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2,654,733 |
2,585,837 |
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SHAREHOLDERS' EQUITY |
3,285,555 |
3,216,602 |
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TOTAL EQUITIES |
12,866,114 |
12,013,511 |
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CONSOLIDATED CASH FLOWS |
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Terms ending: |
31/03/2010 |
31/03/2009 |
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Cash
Flows from Operating Activities |
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912,907 |
407,153 |
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Cash
Flows from Investment Activities |
-746,004 |
-1,081,342 |
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Cash
Flows from Financing Activities |
365,014 |
267,458 |
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Cash,
Bank Deposits at the Term End |
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1,191,608 |
660,789 |
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ANALYTICAL RATIOS Terms ending: |
31/03/2010 |
31/03/2009 |
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Net
Worth (S/Holders' Equity) |
3,285,555 |
3,216,602 |
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Current
Ratio (%) |
101.80 |
95.01 |
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Net
Worth Ratio (%) |
25.54 |
26.77 |
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Recurring
Profit Ratio (%) |
0.37 |
-2.26 |
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Net
Profit Ratio (%) |
-0.57 |
-1.28 |
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Return
On Equity (%) |
-1.24 |
-3.08 |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.08 |
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UK Pound |
1 |
Rs.73.45 |
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Euro |
1 |
Rs.64.30 |
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.