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Report Date : |
18.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
THE BANK OF TOKYO-MITSUBISHI UFJ LTD |
|
|
|
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Registered Office : |
2-7-1 Marunouchi Chiyodaku Tokyo 100-8388 |
|
|
|
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Country : |
Japan |
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|
|
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Financials (as on) : |
31.03.2014 |
|
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|
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Date of Incorporation : |
August 1919 |
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|
|
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Banking business operations |
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|
|
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No of Employees : |
78,105 |
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 |
|
Maximum Credit Limit : |
Yen 54,913.0 million |
|
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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 |
THE BANK OF
TOKYO-MITSUBISHI UFJ LTD
KK Mitsubishi Tokyo UFJ Ginko
2-7-1 Marunouchi Chiyodaku Tokyo 100-8388 JAPAN
Tel: 03-3240-1111
E-Mail address: (thru the URL)
ACTIVITIES: Banking business operations
BRANCHES: 764 domestic; 75 overseas
OFFICER(S): NOBUYUKI HIRANO, PRES Katsunori Nagayasu, ch
Kiyoshi Sono, v ch Takashi Morimura, v pres
Takeshi
Ogasawara, v pres Hidekazu
Fukumoto, v pres
Yen Amount: In million Yen,
unless otherwise stated
FINANCES FAIR A/SALES Yen 3,599,428 M
PAYMENTS REGULAR CAPITAL Yen
1,711,958 M
TREND STEADY WORTH Yen
10,259,084 M
STARTED 1919 EMPLOYES 78,105
COMMENT
BANK, GROUP OF
MITSUBISHI UFJ FINANCIAL GROUP INC.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR PROPER
BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 54,913.0 MILLION, 30 DAYS NORMAL TERMS
The subject company was born by the merger of Bank of Tokyo-Mitsubishi
Ltd and UFJ Bank in Jan 2006. This is
the largest city bank in Japan, belonging to Mitsubishi UFJ Financial Group Inc
(See REGISTRATION). In Jun 2006 completed the payment of publicly
injected funds. The group offers
banking, trust banking and securities businesses. Operates 764 branch offices nationwide and
75 overseas.
The financials are consolidated by the parent and only partially
disclosed.
The revenues for Mar/2014 fiscal term amounted to Yen 3,599,428 million,
a 5% up from Yen 3,419,307 million in the previous term. The recurring profit was posted at Yen
1,217,534 million and the net profit Yen 754,323 million, respectively,
compared with Yen 1,070,928 million recurring profit and Yen 673,514 million
net profit, respectively, a year ago.
For the current term ending Mar 2015 the recurring profit is projected
at Yen 1,300,000 million and the net profit at Yen 770,000 million,
respectively, on a 3% rise in turnover, to Yen 3,700,000 million.
The financial situation is considered FAIR and good for PROPER business
engagements. Max credit limit is estimated at Yen 54,913.0 million, on 30 days
normal terms.
Date
Registered: Aug 1919
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 15,000 million shares
Issued: 12,770,730
shares
Sum: Yen
1,711,958 million
Major shareholders
(%):
Mitsubishi UFJ Financial Group Inc, holding company with core subs engaging in
banking, trust banking and securities businesses, Tokyo, founded 2001, listed
Tokyo, Nagoya & New York S/E’s, capital Yen 2,140,921 million, revenues Yen
5,176,102 million, current
profit Yen 1,694,820 million, net profit Yen 984,845 million, total assets Yen 259,395,183 million, net
worth Yen 12,762,262 million, employees 106,141, pres Nobuyuki Hirano,
concurrently
Nothing detrimental is known as to the commercial morality of
executives.
Activities: Banking business
operator, operating 764 domestic offices and 75 overseas (--100%)
Clients: Consumers,
business firms, financial institutions, other
No. of accounts:
Unavailable
Domestic areas of
activities: Nationwide
Payment record: Regular
Location: Business area in
Tokyo. Office premises at the caption address are owned and maintained
satisfactorily.
(In Million Yen)
|
Terms Ending: |
|
31/03/2015 |
31/03/2014 |
31/03/2013 |
31/03/2012 |
|
Annual Sales |
|
3,700,000 |
3,599,428 |
3,419,307 |
3,295,914 |
|
Recur. Profit |
|
1,300,000 |
1,217,534 |
1,070,928 |
931,709 |
|
Net Profit |
|
770,000 |
754,323 |
673,514 |
544,324 |
|
Total Assets |
|
|
201,614,685 |
181,625,557 |
171,663,939 |
|
Net Worth |
|
|
10,259,084 |
9,423,748 |
8,069,860 |
|
Capital, Paid-Up |
|
|
1,711,958 |
1,711,958 |
1,711,958 |
|
Div.P.Share(¥) |
|
|
17.85 |
11.19 |
11.64 |
|
<Analytical Data> |
|
(%) |
(%) |
(%) |
(%) |
|
S.Growth Rate |
|
2.79 |
5.27 |
3.74 |
2.68 |
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
|
5.09 |
5.19 |
4.70 |
|
N.Profit/Sales |
|
20.81 |
20.96 |
19.70 |
16.52 |
Notes: Financials are consolidated by the parent and only partially
disclosed.
Forecast (or estimated) figures for the 31/03/2015 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.62 |
|
|
1 |
Rs.99.12 |
|
Euro |
1 |
Rs.78.89 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
SMN |
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.