MIRA INFORM REPORT
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Report Date : |
24.05.2013 |
IDENTIFICATION DETAILS
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Name : |
MITSUBISHI CORPORATION RTM JAPAN LTD |
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Registered Office : |
Marunouchi Nakadori Bldg 8F, 2-2-3 Marunouchi Chiyodaku Tokyo 100-0005 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2013 |
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Date of Incorporation : |
Jan 1947 |
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Com. Reg. No.: |
0100-01-034783 (Tokyo-Chiyodaku |
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Legal Form : |
Limited Company (Kabushiki
Kaisha) |
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Line of Business : |
Import, export, wholesale of
ferrous/nonferrous raw materials |
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No. of Employees : |
219 |
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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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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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 – March 31st, 2013
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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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 a technologically 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. Japan's industrial
sector is heavily dependent on imported raw materials and 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 spectacular - 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 after effects 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 three times since 2008. A sharp downturn in business
investment and global demand for Japan's exports in late 2008 pushed Japan into
recession. 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 disrupted manufacturing. The
economy has largely recovered in the two years since the disaster, but
reconstruction in the Tohoku region has been uneven. Newly-elected Prime
Minister Shinzo ABE has declared the economy his government's top priority; he
has pledged to reconsider his predecessor's plan to permanently close nuclear
power plants and is pursuing an economic revitalization agenda of fiscal
stimulus and regulatory reform and has said he will press the Bank of Japan to
loosen monetary policy. Measured on a purchasing power parity (PPP) basis that
adjusts for price differences, Japan in 2012 stood as the fourth-largest
economy in the world after second-place China, which surpassed Japan in 2001,
and third-place India, which edged out Japan in 2012. The new government will
continue a longstanding debate on restructuring the economy and reining in
Japan's huge government debt, which exceeds 200% of GDP. Persistent deflation,
reliance on exports to drive growth, and an aging and shrinking population are
other major long-term challenges for the economy.
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Source : CIA |
COMPANY NAME & ADDRESS
MITSUBISHI CORPORATION RTM JAPAN LTD
REGD NAME: Mitsubishi
Shoji RtM Japan KK
MAIN OFFICE: Marunouchi
Nakadori Bldg 8F, 2-2-3 Marunouchi Chiyodaku Tokyo 100-0005
JAPAN
Tel:
03-5221-3760 Fax: 03-5221-3709
URL: http://www.mitsubishicorprtm.com
E-Mail
address: (thru the URL)
ACTIVITIES
Import,
export, wholesale of ferrous/nonferrous raw materials, other
BRANCHES
Nagoya
OVERSEAS
Shanghai,
Hong Kong, Taipei, Bangkok, Singapore
OFFICERS
KENJI
TANI, PRES Kaoru
Nakayama, rep dir
Eiichi
Hosokawa, rep dir Jun Kinugawa,
dir
Kanji
Nishiura, dir Iwao
Toide, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 420,317 M
PAYMENTSUSUALLY
CORRECT CAPITAL Yen 3,143 M
TREND UP WORTH Yen 15,111 M
STARTED 1947 EMPLOYES 219
COMMENT
TRADING FIRM SPECIALIZING IN FERROUS/NONFERROUS MATERIALS,
OWNED BY.MITSUBISHI CORP
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
HIGHLIGHTS
The subject
company was established on the basis of a metal division separated from
Mitsubishi Corporation (See REGISTRATION). This is a trading firm for import, export and
wholesale of ferrous/nonferrous materials, thermal coal, metal materials,
other. Has 5 overseas subsidiaries. Clients include heavy machinery mfrs, steel
mills, other
FINANCIAL INFORMATION
The sales
volume for Mar/2012 fiscal term amounted to Yen 420,317 million, a 6% up from
Yen 395,498 million in the previous term.
Material prices hike contributed.
The recurring profit was posted at Yen 3,661 million and the net profit
at Yen 2,332 million, respectively, compared with Yen 3,107 million recurring
profit and Yen 1,964 million net profit, respectively, a year ago.
For the
term that ended Mar 2013 the recurring profit was projected at Yen 3,700
million and the net profit at Yen 2,400 million, respectively, on a 6% rise in
turnover, to Yen 445,000 million. Final
results are yet to be released.
The financial situation is
considered FAIR and good for ORDINARY business engagements.
REGISTRATION
Date Registered: Jan 1947
Regd No.: 0100-01-034783
(Tokyo-Chiyodaku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 25 million shares
Issued: 6,286,064 shares
Sum: Yen
3,143.062 million
Major shareholders (%): Mitsubishi Corporation* (100)
*..
Largest trading house and one of core firms of Mitsubishi group, Tokyo, founded
1950, listed Tokyo S/E, capital Yen 204,447 million, sales Yen 20,207,183
million, operating profit Yen 133,875 million, recurring profit Yen 337,206
million, net profit Yen 360,028 million, total assets Yen 14,410,665 million,
net worth Yen 4,556,050 million, employees 6,383, pres Ken Kobayashi
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports, exports and wholesales
nonferrous/ferrous raw materials, other (--100%)
(Handling Items):
Ferrous raw materials: metallurgical coal, iron ore,
nickel & ferro alloy;
Thermal Coal: thermal coal
Metal materials: lead & zinc metals, ferrous raw
materials, rare metals, aluminum metal, aluminum alloy, copper & tin;
Previous metals, other
Clients: [Mfrs, wholesalers] Mitsubishi
Aluminum Co, JFE Steel, Nippon Steel & Sumitomo Metals Corp, Calsonic
Kansei Corp, OKB, Mitsubishi Heavy Ind, other
No. of
accounts: 500
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Mitsubishi
Aluminum Co, Sumitomo Chemical Ind, Calsonic Kansei Corp, Dowa Metal Mine,
Mitsubishi Materials, OKB, other
Payment record: Usually
Correct
Location:
Business area in Tokyo. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References:
MUFG
(H/O)
Norin
Chukin Bank (H/O)
Relations:
Satisfactory
FINANCES
(In Million Yen)
|
Terms Ending: |
31/03/2013 |
31/03/2012 |
31/03/2011 |
31/03/2010 |
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Annual
Sales |
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445,000 |
420,317 |
395,498 |
97,572 |
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Recur.
Profit |
|
3,700 |
3,661 |
3,107 |
-45 |
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Net
Profit |
|
2,400 |
2,332 |
1,964 |
-55 |
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Total
Assets |
|
|
96,433 |
95,723 |
40,818 |
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Current
Assets |
|
|
91,340 |
84,276 |
36,593 |
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Current
Liabs |
|
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79,057 |
73,476 |
30,343 |
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Net
Worth |
|
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15,111 |
18,502 |
9,735 |
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Capital,
Paid-Up |
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|
3,143 |
3,143 |
3,143 |
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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 |
5.87 |
6.28 |
305.34 |
-31.51 |
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Current Ratio |
|
.. |
115.54 |
114.70 |
120.60 |
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N.Worth Ratio |
.. |
15.67 |
19.33 |
23.85 |
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R.Profit/Sales |
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0.83 |
0.87 |
0.79 |
-0.05 |
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N.Profit/Sales |
0.54 |
0.55 |
0.50 |
-0.06 |
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Return On Equity |
.. |
15.43 |
10.62 |
-0.56 |
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Notes:
Forecast (or estimated) figures for the 31/03/2013 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian
Rupees |
|
US Dollar |
1 |
Rs.55.99 |
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UK Pound |
1 |
Rs.84.18 |
|
Euro |
1 |
Rs.71.86 |
INFORMATION DETAILS
|
Report
Prepared by : |
NLM |
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.