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Report Date : |
16.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
MITSUI &
CO. ( |
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Registered Office : |
25/F. & 26/F., |
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Country : |
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Date of Incorporation : |
26.03.1976 |
|
|
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Com. Reg. No.: |
04673306 |
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Legal Form : |
Public Limited Company |
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Line of Business : |
Subject business activities cover exports, imports, offshore, and domestic businesses and investments, handling iron and steel, metal raw materials, chemical products, machinery, foods, general merchandise, property and housing business development, electronics and information as well as textile. |
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No of Employees : |
130 |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
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Payment Behaviour : |
Regular |
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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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Hong Kong |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
HONG KONG - ECONOMIC OVERVIEW
Hong Kong has a free market economy, highly dependent on international trade and finance - the value of goods and services trade, including the sizable share of re-exports, is about four times GDP. Hong Kong has no tariffs on imported goods, and it levies excise duties on only four commodities, whether imported or produced locally: hard alcohol, tobacco, hydrocarbon oil, and methyl alcohol. There are no quotas or dumping laws. Hong Kong's open economy left it exposed to the global economic slowdown that began in 2008. Although increasing integration with China, through trade, tourism, and financial links, helped it to make an initial recovery more quickly than many observers anticipated, its continued reliance on foreign trade and investment leaves it vulnerable to renewed global financial market volatility or a slowdown in the global economy. The Hong Kong government is promoting the Special Administrative Region (SAR) as the site for Chinese renminbi (RMB) internationalization. Hong Kong residents are allowed to establish RMB-denominated savings accounts; RMB-denominated corporate and Chinese government bonds have been issued in Hong Kong; and RMB trade settlement is allowed. The territory far exceeded the RMB conversion quota set by Beijing for trade settlements in 2010 due to the growth of earnings from exports to the mainland. RMB deposits grew to roughly 12% of total system deposits in Hong Kong by the end of 2013. The government is pursuing efforts to introduce additional use of RMB in Hong Kong financial markets and is seeking to expand the RMB quota. The mainland has long been Hong Kong's largest trading partner, accounting for about half of Hong Kong's total trade by value. Hong Kong's natural resources are limited, and food and raw materials must be imported. As a result of China's easing of travel restrictions, the number of mainland tourists to the territory has surged from 4.5 million in 2001 to 34.9 million in 2012, outnumbering visitors from all other countries combined. Hong Kong has also established itself as the premier stock market for Chinese firms seeking to list abroad. In 2012 mainland Chinese companies constituted about 46.6% of the firms listed on the Hong Kong Stock Exchange and accounted for about 57.4% of the Exchange's market capitalization. During the past decade, as Hong Kong's manufacturing industry moved to the mainland, its service industry has grown rapidly. Credit expansion and tight housing supply conditions have caused Hong Kong property prices to rise rapidly; consumer prices increased by more than 4% in 2013. Lower and middle income segments of the population are increasingly unable to afford adequate housing. Hong Kong continues to link its currency closely to the US dollar, maintaining an arrangement established in 1983. In 2013, Hong Kong and China signed new agreements under the Closer Economic Partnership Agreement, adopted in 2003 to forge closer ties between Hong Kong and the mainland. The new measures, effective from January 2014, cover services and trade facilitation, and will improve access to the mainland's service sector for Hong Kong-based companies.
|
Source
: CIA |
MITSUI & CO. (HONG KONG) LTD.
25/F. & 26/F., Far East Finance Centre, 16 Harcourt Road, Hong Kong.
PHONE: 852-2823 8777, 2823 8888
FAX: 852-2866 0477, 2861 3760, 2529 6161
E-MAIL: hkgaa@hkg.xn.mitsui.co.jp
Managing Director: Mr. Shinichi Hagiwara
Incorporated on: 26th March, 1976.
Organization: Public Limited Company.
Capital: Nominal: HK$200,000,000.00
Issued: HK$200,000,000.00
Business Category: General Trader.
Group Revenue: JPY 5,740.7 billion (Year ended 31-03-2014)
Employees: 130.
Main Dealing Bankers: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
The Bank of Tokyo-Mitsubishi Ltd., Hong Kong Branch.
Banking Relation: Excellent.
Registered Head
Office:-
25/F. & 26/F., Far East Finance Centre, 16 Harcourt Road, Hong Kong.
China Head
Office:-
Mitsui & Co. (China) Ltd.
8/F., China World Tower, No. 1 Jianguomenwai Avenue Beijing, 10004 China.
[Tel: 86-10-5965 3331; Fax: 86-10 5965 3591]
Mitsui & Co
(Shanghai) Ltd.
40/F. - 41/F., Shanghai World Financial Center, No.100, Century Avenue, Pudong New Area, Shanghai, 200120 China.
[Tel: 86-21-3850 0500, Fax: 86-21-3850 0600]
Mitsui & Co.
(Guangdong) Ltd.
17/F., Block D, GT Land Plaza, No.8, Zhu Jiang West Road, Zhujiang New Town, Tianhe District, Guangzhou, Guangdong, China.
[Tel: 86-20-3813 1888, Fax: 86-20-3808 2720]
Holding Company:-
Mitsui & Co. (Asia Pacific) Pte. Ltd., Singapore.
Ultimate Holding
Company:
Mitsui & Co. Ltd., Japan.
Associated
Companies:-
Mitsui Group of
Companies
AES Jordan Holdco Ltd., Cauman Islands.
AIM Services Co. Ltd., Japan.
Atlatec S.A. de C.V., Mexico.
BAF (Thailand) Co. Ltd., Thailand.
Bangkok Coil Center Co. Ltd., Thailand.
BHP Billiton Mitsui Coal Pty. Ltd., Australia.
Bussan Real Estate Co. Ltd., Japan.
CCTV Shopping Co. Ltd., China.
Champions Pipe & Supply Inc., US.
Cinco Pipe & Supply LLC, US.
Compania de Generacion Valladolid S. de R.L. de C.V., Mexico.
Daiichi Tanker Co. Ltd., Japan.
Daito Chemical Co. Ltd., Japan.
Drillship Investment B.V., The Netherlands.
Ellison Technologies Inc., US.
ENEOS Globe Corporation, Japan.
Euro-Mit Staal B.V., The Netherlands.
Galaxy Newspring Pte. Ltd., Singapore.
Game Change Holdings Inc., US.
GEG (Holdings) Ltd., UK.
Hydro Capital Corporation, US.
Inner Mongolia Erdos Electric Power & Metallurgical Co. Ltd., China.
Intercontinental Terminals Co. LLC., US.
IPM Eagle LLP, UK.
ITC Rubis Terminal Antwerp NV, Belgium.
JA Mitsui Leasing Ltd., Japan.
Japan Australia Lng (MIMI) Pty. Ltd., Australia.
Japan Collahuasi Resources B.V., The Netherlands.
Japan-Arabia Methanol Co. Ltd., Japan.
JM Energy Co. Ltd., Hong Kong.
Komatsu Marketing Support Australia Pty. Ltd., Australia.
Komatsu-Mitsui Maquinarias Peru S.A., Peru.
MBAPR Holdings Corp., Philippines.
MBK Healthcare Partners Ltd., UK.
MBK Real Estate Europe Ltd., UK.
MBK Real Estate LLC, US.
MicroBiopharm Japan Co. Ltd., Japan.
MIT Gas Mexico S. de R.L. de C.V., Mexico.
Mit Investment Manzanillo B.V., The Netherlands.
Mit Power Canada Lp Inc., Canada.
Mit Wind Power Inc., US.
Mitsiam International Ltd., Thailand.
Mitsui & Co. (Australia) Ltd., Australia.
Mitsui & Co. (Brasil) S.A., Brazil.
Mitsui & Co. (Canada) Ltd., Canada.
Mitsui & Co. (Taiwan) Ltd., Taiwan.
Mitsui & Co. (Thailand) Ltd., Thailand.
Mitsui & Co. (U.S.A.) Inc., US.
Mitsui & Co. Benelux S.A./N.V., Belgium.
Mitsui & Co. Commodity Risk management Ltd., Japan.
Mitsui & Co. Deutschland GmbH, Germany.
Mitsui & Co. Energy Trading Singapore Pte. Ltd., Singapore.
Mitsui & Co. Europe PLC, UK.
Mitsui & Co. Financial Services (Asia) ltd., Singapore.
Mitsui & Co. Financial Services (Europe) Plc, UK.
Mitsui & Co. Financial Services (U.S.A.) Inc., US.
Mitsui & Co. Financial Services Ltd., Japan.
Mitsui & Co. Global Investment Ltd., Japan.
Mitsui & Co. Italia S.p.A., Italy.
Mitsui & Co. Korea Ltd., Korea.
Mitsui & Co. Kuwait W.L.L., Kuwait.
Mitsui & Co. Lng Investment Ltd., UK.
Mitsui & Co. Middle East Ltd., UAE.
Mitsui & Co. Moscow LLC, Russia.
Mitsui & Co. Norway A.S., Norway.
Mitsui & Co. Plant Systems Ltd., Japan.
Mitsui & Co. Plastics Ltd., Japan.
Mitsui & Co. Steel Ltd., Japan.
Mitsui & Co. Texas Chlor-Alkali Inc., US.
Mitsui AgriScience International SA/NV., Belgium.
Mitsui Alimentos Ltda., Brazil.
Mitsui Argentina S.A., Argentina.
Mitsui Auto Finance Chile Ltda., Chile.
Mitsui Automotive CIS Investment B.V., The Netherlands.
Mitsui Automotriz S.A., Peru.
Mitsui Bussan Aerospace Co. Ltd., Japan.
Mitsui Bussan Agro Business Co. Ltd., Japan.
Mitsui Bussan Automotive (Thailand) Co. Ltd., Thailand.
Mitsui Bussan Business Partners Co. Ltd., Japan.
Mitsui Bussan Chemicals Co. Ltd., Japan.
Mitsui Bussan Copper Investment & Co. Ltd., Japan.
Mitsui Bussan Fertilizer Resources B.V., The Netherlands.
Mitsui Bussan Financial Management Ltd., Japan.
Mitsui Bussan Frontier Co. Ltd., Japan.
Mitsui Bussan Inter-Fashion Ltd., Japan.
Mitsui Bussan Metals Co. Ltd., Japan.
Mitsui Bussan Trade Services Ltd., Japan.
Mitsui Bussan Woodchip Oceania Pty. Ltd., Australia.
Mitsui Chile Ltda., Chile.
Mitsui Coal Holdings Pty. Ltd., Australia.
Mitsui Del Peru S.A., Peru.
Mitsui E&P Australia Pty. Ltd., Australia.
Mitsui E&P Middle East B.V., The Netherlands.
Mitsui E&P Mozambique Area 1 Ltd., UK.
Mitsui E&P Texas LP, US.
Mitsui E&P UK Ltd., UK.
Mitsui E&P USA LLC, US.
Mitsui Electronics Inc., Japan.
Mitsui Foods Co. Ltd., Japan.
Mitsui Foods Inc., US.
Mitsui Gas Development Qatar B.V., The Netherlands.
Mitsui Gas Energia Do Brasil Ltda., Brazil.
Mitsui Iron One Development Pty. Ltd., Australia.
Mitsui Knowledge Industry Co. Ltd., Japan.
Mitsui Logistics Solutions Co. Ltd., Japan.
Mitsui Norin Co. Ltd., Japan.
Mitsui Oil Co. Ltd., Japan.
Mitsui Oil Exploration Co. Ltd., Japan.
Mitsui Rail Capital Europe B.V., The Netherlands.
Mitsui Rail Capital Holdings Ltd., US.
Mitsui Rail Capital Participacoes Ltda., Brazil.
Mitsui Raw Materials Development Pty. Ltd., Australia.
Mitsui Renewable Energy Europe Ltd., UK.
Mitsui Sakhalin Holdings B.V., The Netherlands.
Mitsui Sugar Co. Ltd., Japan.
Mitsui Water Holdings (Thailand) Ltd., Thailand.
Mitsuibussan Insurance Co. Ltd., Japan.
Mitsui-Itochu Iron Pty. Ltd., Australia.
Moshi Moshi Hotline Inc., Japan.
MT Falcon Holdings Co. S.A.P.I. de C.V., Mexico.
Multigrain AG, Switzerland.
Nippon Amazon Aluminium Co. Ltd., Japan.
Nippon Formula Feed Manufacturing Co. Ltd., Japan.
Nippon Steel Trading Co. Ltd., Japan.
Novus International Inc., US.
OMC Shipping Pte. Ltd., Singapore.
Orient Marine Co. Ltd., Japan.
Oriente Copper Netherlands B.V., The Netherlands.
P.T. Kaltim Pasifik Amoniak, Indonesia.
P.T. Paiton Energy, Indonesia.
Penske Automotive Group Inc., US.
Plalloy MTD B.V., The Netherlands.
Portek International Private Ltd., Singapore.
Prifoods Co. Ltd., Japan.
PT. Bussan Auto Finance, Indonesia.
PT. Yamaha Indonesia Motor Manufacturing, Indonesia.
QVC Japan Inc., Japan.
Regency Steel Asia Pte Ltd., Singapore.
Retail System Service Co. Ltd., Japan.
Road Machinery LLC, US.
San-ei Sucrochemical Co. Ltd., Japan.
Shanghai Bao-Mit Steel Distribution Co. Ltd., China.
Shark Bay Salt Pty. Ltd., Australia.
ShopNet Co. Ltd., British Virgin Islands.
Sumic Nickel Netherlands B.V., The Netherlands.
Sumisho & Mitsuibussan Kenzai Co. Ltd., Japan.
The Kumphawapi Sugar Co. Ltd., Thailand.
Toho Bussan kaisha Ltd., Japan.
Toyo Engineering Corporation, Japan.
Toyota Canada Inc., Canada.
Toyota Chile S.A., Chile.
TPV Technology Ltd., Bermuda.
Transfreight LLC, US.
Tri-Net (Japan) Inc., Japan.
Trinet Logistics Co. Ltd., Japan.
United Grain Corporation of Oregon, US.
Valepar S.A., Brazil.
Veloce Logistica SA, Brazil.
Vendor Service Co. Ltd., Japan.
Westport Petroleum Inc., US.
Wilsey Foods Inc., US.
etc.
04673306
0046776
Managing Director: Mr. Shinichi Hagiwara
Nominal Share Capital: HK$200,000,000.00 (Divided into 200,000,000 shares of HK$1.00 each)
Issued Share Capital: HK$200,000,000.00
(As per registry
dated 26-03-2014)
|
Name |
|
No.
of shares |
|
Mitsui & Co. (Asia
Pacific) Pte. Ltd. 16
Raffles Quay #29-00, Hong Leong Building, Singapore 048581. |
|
200,000,000 ========= |
(As per registry dated
26-03-2014)
|
Name (Nationality) |
Address |
|
Mitsuru TSUBOI |
Room 2710, 27/F., Hampton
Court, Gateway Apartment, Harbour City, Kowloon, Hong Kong. |
|
Motoo ONO |
40/F. - 41/F., Shanghai World
Financial Center, No. 100 Century Avenue, Pudong New Area,
Shanghai, China. |
|
Shinjiro
SAWADA |
8/F., China World Tower, 1
Jianguomenwai Avenue, Beijing 100004, China. |
|
Tatsunori
MUROYA |
Suite 3603, 36/F., Sutton
Court, Gateway Apartments, Harbour City, Kowloon, Hong Kong. |
|
Kiyoshi MORI |
17/F., No. 8 Zhujiang West
Road, Tianhe District, Guangzhou, Guangdong, 510623, China. |
|
Shinichi
HAGIWARA |
B3, 5/F. - 6/F., Altadena
House, 27 Barker Road, Hong Kong. |
Tatsunori
MUROYA (As per registry dated 26-03-2014)
The subject was incorporated on 26th March, 1976 as a public limited liability company with shares un-quoted on local stock exchange under the Hong Kong Companies Ordinance.
Apart from these, neither material change nor amendment has been ever traced and noted.
Activities: Importer and Exporter; Commission Agent and Investment Holding.
Lines: Plastic, chemical, produce, provision, foodstuff, metal, machinery, textile, lumber, construction
material and general merchandise.
Employees: 130.
Commodities
Imported:-
Sewing machine – Japan.
Tyres – Japan.
Fabric – Japan.
Iron steel – Japan.
Crude oil – South Arabia, India and China.
Chemical – Japan and U.S.A.
Fruits – U.S.A. and Philippines.
Markets: Worldwide.
Group Revenue: JPY 4,096.4 billion (Year ended 31-03-2010)
JPY 4,679.4 billion (Year ended 31-03-2011)
JPY 5,251.6 billion (Year ended 31-03-2012)
JPY 4,911.6 billion (Year ended 31-03-2013)
JPY 5,740.7 billion (Year ended 31-03-2014)
Terms/Sales: Various terms.
Terms/Buying: As per contracted.
· Bridgestone Corporation, Japan.
Brother
Industries Ltd., Japan.
Mitsui
& Co. Ltd., Japan.
The Hong Kong General Chamber
of Commerce, Hong Kong.
[Membership No. HKM0151]
Nominal Share Capital: HK$200,000,000.00 (Divided into 200,000,000 shares of HK$1.00 each)
Issued Share Capital: HK$200,000,000.00
Net Income Attributable
to Mitsui & Co. Ltd.:-
· JPY 149.7 billion (Year ended 31-03-2010)
JPY
306.7 billion (Year ended 31-03-2011)
JPY
434.5 billion (Year ended 31-03-2012)
JPY
307.9 billion (Year ended 31-03-2013)
JPY
422.2 billion (Year ended 31-03-2014)
Profit or Loss: Group business is profitable.
Condition: Business remains active and good.
Facilities: Sufficient for its current running.
Payment: Reliable.
Commercial Morality: Very Good.
Bankers:-
· The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
The
Bank of Tokyo-Mitsubishi UFJ Ltd., Hong Kong Branch.
Bangkok
Bank Public Co. Ltd., Hong Kong Branch.
Bank
of America, N.A., Hong Kong Branch.
Citibank
N.A., Hong Kong Branch.
DBS
Bank (Hong Kong) Ltd., Hong Kong.
Hang
Seng Bank Ltd., Hong Kong.
Mizuho
Bank Ltd., Hong Kong Branch.
Shanghai
Commercial Bank Ltd., Hong Kong.
Standard
Chartered Bank (HK) Ltd., Hong Kong.
Sumitomo
Mitsui Banking Corporation, Hong Kong Branch.
The
Bank of East Asia Ltd., Hong Kong.
UFJ
Bank Ltd., Hong Kong Branch.
Wing
Hang Bank Ltd., Hong Kong.
Wing
Lung Bank Ltd., Hong Kong.
etc.
Banking:-
One source reports they have maintained a properly conducted current account with them since 9th April, 1976. General banking facilities granted to them are moderately utilized. They handle their large amounts of import bills against L/C. Payments are made promptly.
Another source reveals subject maintain a current account opened with them in April 1976. It has been a valued customer of their bank. Their experienced including the financing of a substantial volume of their import and export bills has been pleasant.
Third source states they maintain an active and well conducted current account opened in their books on 6th April, 1976 and on which they grant facilities against security. They handle their import bills under documentary credits. They negotiate their export bills both under and not under documentary credits.
Fourth source says banking facilities have been extended on unsecured basis.
Fifth source informs subject has maintained a well conducted current account with them since 1st April, 1976. They have handled their import and export bills with satisfactory results. Overdraft facilities granted to them has been used satisfactorily.
Standing: Sound.
Mitsui & Co. (Hong Kong) Ltd. [Mitsui HK] was incorporated in Hong Kong in March 1976 as a wholly-owned subsidiary of Mitsui & Co. (Asia Pacific) Pte. Ltd. which is a Singapore-based firm.
The ultimate holding company of Mitsui HK is Mitsui & Co. Ltd. [Mitsui] which is a publicly listed company in Japan.
The annual turnover of Mitsui HK ranges from HK$9.5 to 10.0 billion.
The history of the Mitsui Group is extending back well over 340 years to 1673 in Japan, founded by Mr. Takatoshi Mitsui. In the early 17th century, Mitsui became merchants. In 1876, Mitsui & Co. was established, partly to handle the expanding trade with foreign countries. In the early 1900’s, Mitsui became a major commercial enterprise both in Japan and overseas. Today, the Mitsui Group is made up of a large number of Japan’s leading companies and its activities cover an extremely diversified range.
In the 21st century, the Mitsui Group is playing a leading role in many vital areas from environmental protection, industrial development, fine chemicals, computer science, space development and telecommunications to the basic necessities such as food, clothing and housing, etc.
Mitsui HK is a leading Japanese firm in Hong Kong enjoying very considerable turnover. Its business activities cover exports, imports, offshore, and domestic businesses and investments, handling iron and steel, metal raw materials, chemical products, machinery, foods, general merchandise, property and housing business development, electronics and information as well as textile.
Presently, Mitsui HK
has the following divisions in operations:-
· Accounting Division;
Development &
Construction Division;
Finance Division;
First Chemical Division;
General Affairs
Division;
General Merchandise
Division;
Iron & Steel
Division;
Lumber Division;
Machinery Division;
Metal Raw Materials
Division;
Personnel Division;
Produce & Provisions
Division;
Second Chemical
Division;
Textiles Division; &
Transportation Logistics
Division.
Mitsui HK is chiefly engaged in the following businesses: Iron & Steel Products, Mineral & Metal Resources, Infrastructure Projects, Motor Vehicles, Marine & Aerospace, Chemicals, Energy, Foods & Retail, Consumer Services, Information, Electronics and Telecommunications, Financial Markets and Transportation Logistics.
Mitsui has a very wide scope of business, with more than 150 offices in 67 countries and regions.
At present, the operations of Mitsui in China are comprised of four separate units: (1) Beijing Unit, which centres on Mitsui & Co. (China) Ltd., a 100% owned subsidiary of Mitsui & Co., Ltd. in Japan; (2) Shanghai Unit, which centres on Mitsui & Co. (Shanghai) Ltd.; (3) Guangzhou Unit, which centres on Mitsui & Co. (Guangdong) Ltd.; and (4) Hong Kong Unit, which centres on Mitsui HK.
In addition, each Unit is responsible for all trading subsidiaries, branches, offices, etc. in the region over which it has control. The operations of these four units are managed collectively as the “China Block.” The China Block of Mitsui & Co. is pursuing not only business between China and Japan, but also creating global business originating in China in collaboration with Mitsui’s more than 150 operating bases around the globe, as well as multilaterally developing business by leveraging Mitsui’s integrated strengths.
Mitsui has the
following six divisions:-
· Chemicals;
Energy;
Innovation
& Corporate Development;
Lifestyle;
Machinery
& Infrastructure; &
Metals.
Mitsui is utilizing its global operating locations, network and information resources. It is multilaterally pursuing business that ranges from product sales, worldwide logistics and financing, through to the development of major international infrastructure and other projects in the following fields: Iron & Steel Products, Mineral & Metal Resources, Infrastructure Projects, Integrated Transportation Systems, Chemicals, Energy, Food Resources, Food Products & Services, Consumer Services, Innovation & Corporate Development Business.
For the year ended 31st March, 2014, Mitsui’s total revenue and net income were JPY 5,704.7 billion (2013: JPY 4,911.6 billion) and JPY 422.2 billion (2013: JPY 307.9 billion) respectively.
EBITDA for the year ending 31st March, 2015 is expected to be JPY 850.0 billion and net income attributable to Mitsui is expected to be JPY 380.0 billion.
Mitsui had over 45,160 employees as at end of 31st March, 2014.
Mitsui HK is fully supported by Mitsui. It changed its directors in February 2014.
On
the whole, in view of the parentage and background of Mitsui HK, consider it good
for normal business engagements.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.47 |
|
|
1 |
Rs.99.70 |
|
Euro |
1 |
Rs.81.55 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
MNL |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.