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Report Date : |
08.12.2014 |
IDENTIFICATION DETAILS
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Name : |
MOL TECHNO-TRADE, LTD. |
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Registered Office : |
Yaesu Dai Bldg. 6F., 1-1-1, Kyobashi, Chuo-ku, |
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Country : |
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Financials (as on) : |
31.03.2013 |
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Date of Incorporation : |
11.06.1948 |
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Com. Reg. No.: |
0100-01-074512 |
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Legal Form : |
Private Company |
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Line of Business : |
Trader of Vessel supplies, machine and fuel |
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No. of Employees : |
101 |
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 : |
No complaints |
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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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
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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 |
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. Prime
Minister Shinzo ABE has declared the economy his government's top priority; he
has overturned his predecessor's plan to permanently close nuclear power plants
and is pursuing an economic revitalization agenda of fiscal stimulus, monetary
easing, and structural reform. Japan joined the Trans Pacific Partnership
negotiations in 2013, a pact that would open Japan's economy to increased
foreign competition and create new export opportunities for Japanese
businesses. Measured on a purchasing power parity (PPP) basis that adjusts for
price differences, Japan in 2013 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 is exceeding 230% of GDP. To help raise government
revenue and reduce public debt, Japan decided in 2013 to gradually increase the
consumption tax to a total of 10% by the year 2015. Japan is making progress on
ending deflation due to a weaker yen and higher energy costs, but reliance on
exports to drive growth and an aging, shrinking population pose other major
long-term challenges for the economy
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Source
: CIA |
MOL TECHNO-TRADE,
LTD.
Country: Japan
Company name: MOL TECHNO-TRADE, LTD.
Name in local language: SHOSEN MITSUI TECHNO TRADE K.K. * (商船三井テクノトレード株式会社)
Office address: Yaesu Dai Bldg. 6F., 1-1-1, Kyobashi, Chuo-ku, Tokyo 104-0031
Office tel: 03-6367-5300
Office fax: 03-6367-5511
Website: www.motech.co.jp
Business type: Trader
Industry: Vessel supplies, machine and fuel etc.
Established: June 11, 1948
Capital: Jp. 490,000,000 yen
Employees: 101
Corporate formation: Private
Corporation No.: 0100-01-074512 (Tokyo Legal Affairs Bureau)
Paid in capital : Jp. 490,000,000 yen
Number of authorized shares : 29,160,000 shares
Shares issued : 13,800,000 shares
Number of shareholder : 1
Mitsui O.S.K. Lines, Ltd. holds 100 percent.
Activity Product/Service Description
-------------------------------------------------------------------------------
Trading Vessel supplies and fuels
Trading Vessel-related machines
President Mr. Shugo Aoto
Nationality: Japan
Senior Managing Director Mr. Takehiko Kusumoto
Nationality: Japan
Senior Managing Director Mr. Toshio Kawasaki
Nationality: Japan
Managing Director Mr. Koichi Kuge
Nationality: Japan
Nationality: Japan
Director Mr. Osamu Aoki
Nationality: Japan
Director Mr. Takaaki Inoue
Nationality: Japan
Director Mr. Minoru Kusano
Nationality: Japan
Director Mr. Susumu Takeuchi
Nationality: Japan
Director Mr. Makoto Haneda
Nationality: Japan
Director Mr. Satoshi Yamamoto
Nationality: Japan
Auditor Mr. Hiroyuki Hashigo
Nationality: Japan
Note: The names of director(s) and auditor(s) are phonetically spelt.
Mr. Shugo Aoto
President and representative director
Born on August 25, 1952
Business career:
Jun. 2013: Representative director and president
Home address: 4-8-11, Tagara, Nerima-ku, Tokyo
Currency: (local currency - Jp. yen)
-------------------------------------------------------------------------------------
Year | Sales | Net Income
-------------------------------------------------------------------------------------
|
2009 |
66,733,363,000 |
791,895,000 |
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2010 |
51,987,613,000 |
518,971,000 |
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2011 |
58,938,411,000 |
580,730,000 |
|
2012 |
62,895,196,000 |
247,791,000 |
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2013 |
70,673,308,000 |
814,985,000 |
|
2014 |
83,256,383,000 |
937,737,000 |
*Book Closing*
============
March 31st
*Financials*
==========
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Balance
Sheet |
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Unit:
millions of JP yen |
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3/31/2012 |
3/31/2013 |
3/31/2014 |
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Current
assets |
14,261 |
16,695 |
15,986 |
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Fixed
assets |
2,025 |
1,955 |
2,083 |
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Total
Assets |
16,286 |
18,650 |
18,070 |
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Current
liabilities |
9,922 |
11,994 |
10,563 |
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Fixed
liabilities |
777 |
247 |
147 |
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Retirement benefits |
276 |
206 |
113 |
|
Others |
501 |
41 |
34 |
|
Shareholders'
equity |
5,526 |
6,341 |
7,279 |
|
Paid up capital |
490 |
490 |
490 |
|
Capital reserves |
675 |
675 |
675 |
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Retained earnings |
4,361 |
5,176 |
6,114 |
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Valuation
& adjustment |
60 |
67 |
79 |
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Total
Net Assets |
5,586 |
6,408 |
7,358 |
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Total
Liabilities & Net Assets |
16,286 |
18,650 |
18,070 |
Bank Name : Sumitomo Mitsui Banking Corp.
Branch : Head office business banking department
Bank Name : Hyakujushi Bank, Ltd.
Branch : Tokyo
Bank Name : Bank of Tokyo-Mitsubishi UFJ, Ltd.
Branch : Tokyo business banking department
The subject is a subsidiary, wholly owned by Mitsui O.S.K. Lines, Ltd., a public listed(#9104) and a leading shipping company.
A steady performance has been maintained for years thanks to backing by the parent.
The parent carries JPY 503,396 million of retained earnings as of June 30, 2014.
Negative factors are not observed in particular at present.
Further growth is expected as the subject merged a firm in April this year.
Branch name: Kansai branch
Branch address: 2-1-18, Nakamachi-dori, Chuo-ku, Kobe-shi, Hyogo
----------------------------------------------------------------------------------------------------
Branch name: Kyushu branch
Branch address: 2-17-1, Honmachi, Wakamatsu-ku, Kita-Kyushu-shi, Fukuoka
----------------------------------------------------------------------------------------------------
Branch name: Innoshima sales office
Branch address: 2257-1, Innoshima-habu-cho, Innoshima-shi, Hiroshima
Three overseas offices are in Singapore, Hong Kong and Rotterdam.
*Main Products & Services*
======================
Trading of the following products:
Vessel supplies
Fuel
Vessel-related machines and equipment
*Address*
=========
Registered address is the same as the operational address.
Date Development
-----------------------------------------------------------------------------------------------
June 11, 1948 Incorporated.
March 28, 2010 Relocated the head office to the current address within Tokyo.
April 1, 2014 Merged “Oriental Marine Service Co., Ltd.”
*Suppliers*
==========
Chimbuso Pan Nation Petro-chemical SA
Hanwa Co., Ltd.
Cosmo Oil Co., Ltd.
Sentek Marines & Trading Co., Ltd.
Shell Oil K.K.
*Customers*
==========
Mitsui O.S.K. Lines, Ltd.
Ferry “Sun Flower” Inc.
Daiichi Chuo Kisen Kaisha
Eastern Car Liner Co., Ltd.
Daiichi Tanker Co., Ltd.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.85 |
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|
1 |
Rs.96.73 |
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Euro |
1 |
Rs.76.53 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
NIS |
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.