MIRA INFORM REPORT

 

 

Report Date :

26.12.2014

 

IDENTIFICATION DETAILS

 

Name :

MITSUI & CO., LTD.

 

 

Registered Office :

Nippon Life Marunouchi Garden Tower, 1-1-3, Marunouchi, Chiyoda-ku, Tokyo 100-8631

 

 

Country :

Japan

 

 

Financials (as on) :

31.03.2014 (Consolidated)

 

 

Date of Incorporation :

25.07.1947

 

 

Com. Reg. No.:

0100-01-008767

 

 

Legal Form :

Listed Company

 

 

Line of Business :

Trader of General trading

 

 

No. of Employees :

48,090

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limits :

US$ 1.7 billion

 

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

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)

Japan

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

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. 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.

 

Source : CIA

 

 

 

 

COMPANY NAME

 

MITSUI & CO., LTD.

 

 

OUTLINE

 

Country:                                    Japan

Company name:                        MITSUI & CO., LTD.

Name in local language:             MITSUI BUSSAN K.K.

Office address:                         Nippon Life Marunouchi Garden Tower, 1-1-3, Marunouchi,

Chiyoda-ku, Tokyo 100-8631

Office tel:                                 03-3285-1111

Office fax:                                03-3285-9819

Website:                                   www.mitsui.co.jp

Business type:                          Trader

Industry:                                   General trading

Established:                              July 25, 1947

Capital:                                     Jp. 341,481,648,946 yen

Employees:                              48,090 (as of March 31, 2014, consolidated)

Corporate formation:                 Listed

Corporation No.:                       0100-01-008767 (Tokyo Legal Affairs Bureau)

 

 

MAJOR SHAREHOLDERS

As of September 30, 2014:

Paid in capital :                         Jp. 341,481,648,946 yen

Number of authorized shares :   2,500,000,000 shares

Number of outstanding shares : 1,829,153,527 shares

Number of shareholders :          223,617

 

Major shareholders                                                      Number of shares (%)

--------------------------------------------------------------------------------------------------------

Master Trust Bank of Japan, Ltd.                        145,117,000 ( 8.07)

Japan Trustee Services Bank, Ltd.                      105,985,000 ( 5.89)

Sumitomo Mitsui Banking Corp.                          38,500,000 ( 2.14)

Nippon Life Insurance Co.                                   35,070,000 ( 1.95)

Barclays Securities Japan Ltd.                           25,000,000 ( 1.39)

Mitsui Sumitomo Insurance Co., Ltd.                   24,726,000 ( 1.37)

State Street Bank West Client-Treaty                   21,398,000 ( 1.19)

The Bank of New York Mellon SA/NV 10             20,764,000 ( 1.15)

Dai-ichi Life Insurance Co., Ltd.                            20,444,000 ( 1.13)

Mizuho Bank, Ltd.                                               20,083,000 ( 1.11)

 

 

DETAILED PRODUCT CLASSFICATION & ACTIVITY

 

Activity Product/Service Description

-------------------------------------------------------------------------------

Trading             Steel products

Trading             Nonferrous metal products

Trading             Material ores for metal production

Trading             Development of ore

Trading             Machinery

Trading             Factory plant

Trading             Ocean vessels

Trading             Automobile

Trading             Rolling stock

Trading             Environmental facilities

Trading             Power generating station

Trading             Information communication equipment

Trading             Electronic equipment and components

Trading             Organic and inorganic chemical products

Trading             Petrochemical products

Trading             Fertilizer

Trading             Rubber products

Trading             Crude oil

Trading             Coal

Trading             LNG

Trading             LPG

Trading             Petroleum products

Trading             Cereals

Trading             Foodstuffs

Trading             Processed foods

Trading             Textiles

Trading             Apparels

Trading             Construction and development of house

Trading             Lumbers

Trading             Warehousing

Trading             Logistics and distribution

 

 

COMPANY MANAGEMENT

 

Chairman                                  Mr. Shoei Utsuda

Nationality:                                Japan

 

President                                  Mr. Masami Iijima (*)

Nationality:                                Japan

 

Vice President                           Mr. Daisuke Saiga (*)

Nationality:                                Japan

 

Vice President                           Mr. Joji Okada (*)

Nationality:                                Japan

 

Vice President                           Mr. Masayuki Kinoshita (*)

Nationality:                                Japan

 

Vice President                           Mr. Shintaro Ambe (*)

Nationality:                                Japan

 

Senior Managing Director          Mr. Koichi Tanaka (*)

Nationality:                                Japan

 

Senior Managing Director          Mr. Hiroyuki Kato (*)

Nationality:                                Japan

 

 

Senior Managing Director          Mr. Yoshihiro Hombo (*)

Nationality:                                Japan

 

Director                                                Mr. Ikujiro Nonaka

Nationality:                                Japan

 

Director                                                Mr. Hiroshi Hirabayashi

Nationality:                                Japan

 

Director                                                Mr. Toshiro Muto

Nationality:                                Japan

 

Director                                                Ms. Izumi Kobayashi

Nationality:                                Japan

 

Auditor                                                 Mr. Satoru Miura

Nationality:                                Japan

 

Auditor                                                 Mr. Motonori Murakami

Nationality:                                Japan

 

Auditor                                                 Mr. Kunihiro Matsuo

Nationality:                                Japan

 

Auditor                                                 Mr. Hiroyasu Watanabe

Nationality:                                Japan

 

Auditor                                                 Ms. Haruka Matsuyama

Nationality:                                Japan

 

Note: The names of directors and auditors are phonetically spelt.

      (*) = representative directors

 

 

*Key Personnel*

============

Mr. Masami Iijima

Representative director, president since April 2009

Born on September 23, 1950

Business career:

  Apr. 1974: Employed by the subject.

  Apr. 2006: Corporate officer, general manager, steel and non-ferrous metal business

 

 

FINANCIALS

 

Currency: (local currency – Jp. yen)

-------------------------------------------------------------------------------------

 Year |          Sales          |       Net Income      

-------------------------------------------------------------------------------------

2009

5,504,789,000,000

177,607,000,000

2010

4,096,445,000,000

149,719,000,000

2011

4,679,443,000,000

306,659,000,000

2012

5,251,602,000,000

434,497,000,000

2013

4,911,609,000,000

307,926,000,000

2014

5,731,918,000,000

350,093,000,000

 

 

FINANCIAL DESCRIPTION

 

*Book Closing*

============

March 31st

 

Notes:

The subject adopted its accounting system in accordance with US GAAP(Generally Accepted Accounting Principle) since its stocks are listed on NYSE, U.S.A. until Mar. 2013 term.

 

The subject adopts its accounting system in accordance with IFRS since Mar. 2014 term.

 

In the above financial figures the sales means its revenue as a result of trading or other businesses, and does not mean ordinary sales turnover as a result of handling or dealing the merchandise or services.

 

*Financials*

=========

Consolidated Balance Sheet:

 

 

 

Denomination:  Jp. million yen

 

 

 

　

03/31/2012

03/31/2013

03/31/2014

Cash & deposits       

1,431,112

1,425,174

1,226,317

Time deposits

4,130

4,740

-

Securities marketable

1,087

367

-

Accounts receivable    

2,037,801

2,022,092

2,040,855

Inventory

515,758

746,584

625,328

Advance payment       

129,987

135,120

183,576

Deferred tax assets, current    

37,513

15,644

-

 

 

Others

268,935

281,810

389,337

Current assets

4,426,323

4,631,531

4,465,413

 

 

 

 

Investment & non current receivables  

3,191,671

3,958,767

4,474,401

Tangible fixed assets

1,255,883

1,570,270

2,007,452

Intangible fixed assets

110,307

118,448

144,153

Deferred tax assets, non current   

15,626

31,538

74,419

Other assets

12,013

14,027

325,481

Total Assets   

9,011,823

10,324,581

11,491,319

               

　

 

 

Short-term loans

307,132

663,129

737,916

Long-term loans due        

372,657

421,211

505,946

Accounts payable               

1,505,940

1,555,616

1,473,834

Outstanding accounts       

182,996

152,047

-

Advance received, payables     

106,787

98,470

165,124

Other liabilities

148,518

154,857

101,834

Total Current Liabilities       

2,624,030

3,045,330

2,984,654

                

　

 

 

Long-term loans

2,898,218

3,184,957

3,563,842

Retirement benefits & pension liabilities   

55,799

68,312

69,558

Deferred tax liabilities, non current     

283,614

266,544

567,281

Other fixed liabilities

289,352

319,334

205,680

　

　

　

 

Shareholders' equity

　

　

 

    Paid up capital

341,482

341,482

341,482

    Capital reserves

430,491

429,828

418,004

    Retained earnings & Others

2,257,994

2,474,661

3,112,421

    Valuation & adjustment      

-382,446

-58,178

-

    Treasury stock        

-6,203

-5,974

-56,140

Total shareholders' equity    

2,641,318

3,181,819

3,815,767

Minority interest

219,492

258,285

284,537

Total Net Assets

2,860,810

3,440,104

4,100,304

Total Liabilities & Net Assets   

9,011,823

10,324,581

11,491,319

 

 

 

 

 

 

 

 

Consolidated Profit & Loss Statement:

 

 

 

Denomination:  Jp. million yen

 

 

 

　

03/31/2012

03/31/2013

03/31/2014

Sales/revenue         

5,251,602

4,911,609

5,731,918

Cost of goods sold   

4,373,323

4,121,170

4,851,812

Gross Profit(loss)      

878,279

790,439

880,106

Selling, general & admin. exp.   

514,798

521,075

574,871

Interest received    

37,172　

 

33,644

 

 

Interest paid          

42,612　

1,186

49,176

Dividend received    

86,461　

80,057

124,026

Profit from securities sold        

21,937　

44,905

30,816

Appraisal loss on securities     

33,481　

27,278

-

Profit from sales of fixed assets 

5,697　

6,207

16,419

Loss by appraisals on fixed assets

14,049　

12,342

59,966

Loss by appraisal on goodwill   

4,209　

-

-

Loss by compensation for oil spill 

-　

-

-

Other gains(loss)          

-7,186

45,629

149,519

Expenses in total             

465,068

476,341

329,589

Pretax profit(loss)            

413,211

314,098

550,517

Corporate taxes              

172,622

158,349

176,654

Minority interest            

38,182

24,049

23,770

Other adjustments            

232,090

176,226

-

Net Profit(loss)                

434,497

307,926

350,093

 

 

 

 

 

*Latest Financials*

===============

As of September 30, 2014:

Unit: millions of JPY

 

Income Statement

Year term     

Sales

Pretax profit

Net profit

2Q 2014    

5,522,734

315,653

214,261

2Q 2015    

5,475,335

312,081

232,874

 

Balance Sheet

Current assets

4,877,370

Non current assets

7,376,953

Total assets

12,254,323

Current liabilities

3,115,047

Non current liabilities

4,744,247

Total liabilities                    

7,859,294

Shareholders’ equity

4,395,029

  Retained earnings

2,474,476

Total liabilities and net assets

12,254,323

 

*Bank Details*

=============

Bank Name:      Bank of Tokyo-Mitsubishi UFJ, Ltd.

Branch:             Head office

 

Bank Name:      Sumitomo Mitsui Banking Corp.

Branch:             Head office

 

Bank Name:      Mizuho Bank, Ltd.

Branch:             Head office

 

 

*Credit Opinion*

=============

The subject is the oldest major trading firm in the nation, competing with Mitsubishi Corporation worldwide.

Highly reputed enterprise as the core company of Mitsui group companies.

Active investments in overseas countries.

Energy-related business accounts for 25 percent for Mar. 2014 term.

Also strong at chemicals, metal resources and machinery.

While the coal market has been soft, petroleum gas and overseas power generation businesses have been boosting as well as a weaker currency being favorable to overseas subsidiaries.

Change of accounting rule to IFRS lowered the net profit by JPY 65 billion.

For Mar. 2015 term automobile-related business in North America and power generation project in Asia are expected to contribute a lot though metal resources business would be tough due to a weaker currency.

JPY 22.5 billion is invested to railroad management business, aiming at new orders from Brazil as The Rio Olympics is drawing near.

The subject predicts the bottom line for Mar. 2016 will pick up.

Financial condition is sound enough.

No caution is to be utilized with the subject.

Our standard suggestion would be up to US$ 1.7 billion on terms of 90 days.

 

 

LOCAL BRANCHES & MANAGEMENT

 

Branch name:                TOKYO - JA Building

Branch address:            1-3-1, Ohtemachi, Chiyoda-ku, Tokyo 100-8631

----------------------------------------------------------------------------------------------------

Branch name:                OSAKA 

Branch address:            2-3-33, Nakanoshima, Kita-ku, Osaka-shi, Osaka 530-8639

Branch tel:                    06-6226-3111 

 

 

Operation points in the nation : 12 offices, including the head office, across the nation

Overseas business points : 130 facilities (33 branches and 97 local corporations) worldwide

 

 

*Branches*

========

Maintains branches in the following locations:

- Sapporo

- Sendai

- Niigata

- Nagoya

- Toyota

- Toyama

- Osaka

- Takamatsu

- Hiroshima

- Fukuoka

- Naha

 

 

PRODUCT, TECHNOLOGY, SERVICE DESCRIPTION

 

*Main Business*

==============

Business breakdown by major segments is as follows based on 2014 term:

- Steel products (4%)

- Metal resources (14%)

- Machinery & project (7%)

- Chemical products (16%)

- Energy-related business (25%)

- Food & retailing (15%)

- Other business (19%)

 

 

ORGANIZATION STRUCTURE

 

*Address*

========

Registered address is the same as the operational head office.

 

The quoted address belongs to “Mitsui Bussan Metals Co., Ltd.”

 

*Company History*

===============

Jul. 1947: Started as trading company under the name of Daiichi Bussan Co., Ltd.

May 1949: Listed on Tokyo Stock Exchange.

Feb. 1959: Changed corporate name to the current one.

Feb. 1971: Listed on NASDAQ market in New York

Nov. 1976: Moved the head office to 1-2-1, Ohtemachi, Chiyoda-ku, Tokyo.

Mar. 1989: Launched nation's first satellite for commercial use.

Oct. 1989: Officially withdrew from Iran-Japan Petrochemical Project.

Jun. 1995: Started oil exploration in Australia.

Jun. 2007: Acquired Steel Technologies Inc., U.S.A.

Feb. 2009: Started production of LNG at Sakhalin-2, Russia.

Feb. 2010: Joined the project of shale oil exploration in U.S.A.

Nov. 2014: Moved the head office to the current location.

 

 

TRADE REFERENCES

 

*Suppliers*

=========

Major manufacturers home and abroad

 

 

*Domestic Customers*

=================

Major local customers include :

- DAINIPPON INK & CHEMICALS INC

- AIR WATER INC

- YAZAKI CORP

- SHOSAN SHOJI CO LTD

- HONJO CHEMICAL CORP, THE

- YOSHINO KOGYOSHO CO LTD

- ORICON INC

- OUCHI SHINKO CHEMICAL INDUSTRIAL CO LTD

 

Many other general corporations

Central and local government offices

Major customers worldwide

 

 

RELATED PARTIES DESCRIPTION

 

*Subsidiaries and Affiliates*

==========================

Maintains 272 subsidiaries and 154 affiliate companies in the world. (as of Mar. 2014)

Major companies are as follows:

  Mitsui Metal Material Co., Ltd.

  Mitsui Futures Co., Ltd.

  Mitsui Iron Ore Development(Australia)

  Mitsui Bussan Plant

  Mitsui Machinery

  Mitsui Information And Communication

  Toyo Officemation

  Daito Chemical

  Novus International (USA)

  Mitsui Solvent Coating

  Mitsui Oil

  Sanyuu Kotsuna

  Nitto Warehousing

 

Maintains overseas offices & trading subsidiaries:

1. North And Central America

- MITSUI & CO (CANADA) LTD, Canada

- MITSUI & CO (USA) LTD, USA

- MITSUI & CO LTD - HAVANA REPRESENTATIVE OFFICE, Cuba

- MITSUI DE MEXICO SA DE CV, Mexico

 

2. South America

- MITSUI DEL EQUADOR SA, Ecuador

- MITSUI DE VENEZUELA CA, Venezuela

- MITSUI DE COLUMBIA SA, Colombia

- MITSUI DEL PERU SA, Peru

- MITSUI CHILE LTDA, Chile

- MITSUI BRASILEIRA IMPORTACAO E EXPORTACAO SA, Brazil

- MITSUI ARGENTINA SA, Argentina

- MITSUI ARGENTINA SA - REPRESENTATIVE OFFICE, Paraguay

 

3. Europe

- MITSUI & CO EUROPE LTD, UK

- MITSUI & CO EUROPE OPERATION LTD, UK

- MITSUI & CO UK PLC, UK

- MITSUI & CO UK PLC, Ireland

- MITSUI & CO SCANDINAVIA AB, Sweden

- MITSUI & CO NORWAY AS, Norway

- MITSUI & CO FINLAND OY, Finland

- MITSUI & CO DEUTSCHLAND GMBH, Germany

- MITSUI & CO AUSTRIA GESMBH, Austria

- MITSUI & CO BENELUX SA, Belgium

- MITSUI & CO NEDERLAND BV, Netherlands

- MITSUI & CO INT'L (EUROPE) BV, Netherlands

- MITSUI & CO FRANCE SA, France

- MITSUI & CO ITALIA SPA, Italy

- MITSUI & CO PORTUGAL LDA, Portugal

- MITSUI & CO ESPANA, Spain

- MITSUI & CO LTD - LIASON REPRESENTATIVE, Greece

- MITSUI & CO LTD, Poland

- MITSUI & CO LTD - REPRESENTATIVE OFFICE, Czech Republic

- MITSUI & CO LTD - REPRESENTATIVE OFFICE, Hungary

- MITSUI & CO LTD - REPRESENTATIVE OFFICE, ROMANIA

- MITSUI & CO LTD - REPRESENTATIVE OFFICE, Bulgaria

- MITSUI & CO LTD - REPRESENTATIVE OFFICE, Yugoslavia

 

4. CIS

- MITSUI & CO LTD - REPRESENTATIVE OFFICE, Moscow

- MITSUI & CO LTD - REPRESENTATIVE OFFICE, Ekaterinburg

- MITSUI & CO LTD - REPRESENTATIVE OFFICE, Khabarovsk

- MITSUI & CO LTD - REPRESENTATIVE OFFICE, Vladivostok

- MITSUI & CO LTD - REPRESENTATIVE OFFICE, Taskkent

- MITSUI & CO LTD - REPRESENTATIVE OFFICE, Kiev

- MITSUI & CO LTD - REPRESENTATIVE OFFICE, Almaty

- MITSUI & CO LTD - REPRESENTATIVE OFFICE, Bishkek

- MITSUI & CO LTD - REPRESENTATIVE OFFICE, Baku

- MITSUI & CO LTD - REPRESENTATIVE OFFICE, Ashgabat

 

5. Africa

- MITSUI & CO LTD - LIASON OFFICE, Cairo

- MITSUI & CO LTD - LIASON OFFICE, Addis Ababa

- MITSUI & CO LTD -BUREAU DE LIAISON D' ALGER, Alger

- MITSUI & CO LTD - BUREAU DE LIAISON 'A CASABLANCA, Casablanca

- MBK NIGERIA LTD, Lagos

- MITSUI & CO LTD - LIAISON REPRESENTATIVE OFFICE, Lusaka

- MITSUI & CO LTD - LIAISON REPRESENTATIVE OFFICE, Kitwe

- MITSUI & CO LTD - LIAISON REPRESENTATIVE OFFICE, Lilongwe

- MITSUI & CO LTD - LIAISON REPRESENTATIVE OFFICE, Nairobi

- MITSUI & CO LTD - LIAISON REPRESENTATIVE OFFICE, Dares Salaam

- MITSUI & CO LTD - LIAISON REPRESENTATIVE OFFICE, Abidjan

- MITSUI & CO LTD - LIAISON REPRESENTATIVE OFFICE, Accra

- MITSUI & CO LTD BUREAU DE LIAISON DE KINSHASA, Kinshasa

- MITSUI & CO LTD - LIAISON REPRESENTATIVE OFFICE, Luanda

- MITSUI & CO LTD - LIAISON REPRESENTATIVE OFFICE, Harare

- MITSUI & CO LTD - LIAISON REPRESENTATIVE OFFICE, Maputo

- MITSUI & CO LTD, Johannesburg

 

6. Middle East

- MITSUI & CO (MIDDLE EAST) EC

- MITSUI & CO LTD, Abu Dhabi

- MITSUI & CO LTD - LIAISON REPRESENTATIVE OFFICE, Dubai

- MITSUI & CO (MIDDLE EAST) EC, Jebel Ali

- KASSEM DARWISH FAKROO & SONS MITSUI & CO LTD, Qatar

- MITSUI & CO LTD, Muscat

- MITSUI & CO IRAN LTD, Tehran

- AL-ABAR AL-THALATH TRADING CO, Kuwait

- MITSUI & CO (TURKEY) LTD, Istanbul

- MITSUI & CO (TURKEY) LTD, Ankara

- MITSUI & CO LTD, Riyadh

- MITSUI TECHNICAL & SCIENTIFIC SERVICE OFFICE, Riyadh

- MITSUI & CO LTD, Jeddah

- MITSUI TECHNICAL & SCIENTIFIC SERVICE SUB OFFICE, Jeddah

- MITSUI & CO LTD, Al-Khobar

- MITSUI TECHNICAL & SCIENTIFIC SERVICE SUB OFFICE, Al-Khobar

- MITSUI & CO LTD - LIAISON OFFICE, Sanaa

- MITSUI & CO LTD - LIAISON OFFICE, Bahrain

- MITSUI & CO LTD - LIAISON OFFICE, Baghdad

- MITSUI & CO LTD - LIAISON OFFICE, Damascus

- MITSUI & CO LTD, Amman

- MITSUI & CO LTD - LIAISON OFFICE, Beirut

- MITSUI & CO LTD - LIAISON OFFICE, Tel Aviv

 

7. Southwest Asia

- MITSUI & CO LTD, Karachi

- MITSUI & CO LTD - LIAISON REPRESENTRATIVE OFFICE, Lahore

- MITSUI & CO LTD - LIAISON REPRESENTRATIVE OFFICE, Islamabad

- MITSUI & CO LTD, Dhaka

- MITSUI & CO LTD - REPRESENTRATIVE OFFICE, Chittagong

- MITSUI & CO LTD, New Delhi

- MITSUI & CO LTD, Goa

- MITSUI & CO LTD, Calcutta

- MITSUI & CO LTD, Bhubaneswar

- MITSUI & CO LTD, Madras

- MITSUI & CO LTD, Bangalore

- MITSUI & CO LTD, Hyderabad

- MITSUI & CO LTD, Bombay

- MITSUI & CO LTD, Kathmandu

- MITSUI & CO LTD - LIAISON OFFICE , Colombo

 

8. Southeast Asia

- MITSUI & CO LTD, Yangon

- MITSUI & CO LTD, Singapore

- MITSUI & CO LTD, Kuala Lumpur

- MITSUI & CO LTD, Kuching

- MITSUI & CO LTD, Kota Kinabalu

- MITSUI & CO LTD, Miri

- MITSUI & CO LTD - REPRESENTATIVE OFFICE, Jakarta

- MITSUI EXPORT INDONESIA PT, Jakarta

- MITSUI & CO LTD - REPRESENTATIVE OFFICE, Medan

- MITSUI & CO LTD - REPRESENTATIVE OFFICE, Surabaya

- MITSUI & CO LTD (THAILAND) LTD, Bangkok

- MITSIAM INT'L LTD, Bangkok

- MITSUI & CO LTD - LIAISON REPRESENTATIVE OFFICE, Vientiane

- MITSUI & CO LTD - REPRESENTATIVE OFFICE, Phnom Penh

- MITSUI & CO LTD, Manila

- MITSUI & CO LTD - REPRESENTATIVE OFFICE, Cebu

- MITSUI & CO LTD - REPESENTATIVE OFFICE, Hanoi

- MITSUI & CO LTD - REPESENTATIVE OFFICE, Ho Chi Minh

 

9. Far East

- MITSUI & CO LTD, Beijing

- MITSUI & CO LTD, Dalian

- MITSUI & CO LTD, Tianjin

- MITSUI & CO LTD, Qingdao

- MITSUI & CO LTD, Shanghai

- MITSUI & CO LTD, Guangzhou

- MITSUI & CO LTD, Nanjing

- MITSUI & CO LTD, Harbin

- MITSUI & CO LTD, Chongqing

- MITSUI & CO LTD, Chengdu

- MITSUI & CO LTD, Wuhan

- MITSUI & CO LTD, Xiamen

 

 

- MITSUI & CO LTD, Kunming

- MITSUI & CO (Hong Kong) LTD, Hong Kong

- MITSUI & CO LTD, Shenzhen

- MITSUI & CO (TAIWAN) LTD, Taipei

- MITSUI & CO (TAIWAN) LTD, Kaohsiung

- MITSUI & CO (TAIWAN) LTD, Hsinchu

- MITSUI & CO KOREA LTD, Seoul

- MITSUI & CO KOREA LTD, Pohang

- MITSUI & CO KOREA LTD, Kwangyang

 

10. Oceania

- MITSUI & CO (AUSTRALIA) LTD, Sydney

- MITSUI & CO (AUSTRALIA) LTD, Melbourne

- MITSUI & CO (AUSTRALIA) LTD, Brisbane

- MITSUI & CO (AUSTRALIA) LTD, Perth

- MITSUI & CO (AUSTRALIA) LTD, Darwin

- MITSUI & CO (AUSTRALIA) LTD, Port Moresby

- MITSUI & CO (AUSTRALIA) LTD, Auckland

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.45

UK Pound

1

Rs.98.88

Euro

1

Rs.77.62

 

INFORMATION DETAILS

 

Analysis Done by :

KAR

 

 

Report Prepared by :

NIT

 

               

RATING EXPLANATIONS

 

RATING

STATUS

PROPOSED CREDIT LINE

 

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

 

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

 

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

 

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

 

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

 

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

 

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

Credit not recommended

 

--

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.