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Report Date : |
20.09.2014 |
IDENTIFICATION DETAILS
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Name : |
SUMITOMO CORPORATION KYUSHU CO LTD |
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Registered Office : |
Hakata Kangen Bldg 6F, 3-30-23 Hakata-Ekimae Hakataku |
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Country : |
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Financials (as on) : |
31.03.2014 |
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Date of Incorporation : |
Sept., 1993 |
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Com. Reg. No.: |
2900-01-014029 (Hakata-Hakataku) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, Export and Wholesale of Steel Products, Chemicals, Foods,
Other |
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No. of Employees : |
103 |
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 |
COMPANY NAME
SUMITOMO
CORPORATION KYUSHU CO LTD
REGD NAME:
Sumitomo Shoji
MAIN
OFFICE:
Hakata Kangen Bldg 6F, 3-30-23 Hakata-Ekimae
Hakataku
Tel: 092-441-4111 Fax: 092-451-9354
URL: http://www.sumitomocorp-kyushu.co.jp
E-Mail address: scq-hp@sumitomocorp.co.jp
ACTIVITIES:
Import, export,
wholesale of steel products, chemicals, foods, other
BRANCHES:
FACTORIES:
Kita-Kyushu
(photovoltaic power plant, completed in Jul 2014)
OFFICERS:
HIROAKI MIZOBUCHI,
PRES Kazuyoshi Sekito, dir
Koji Hata, dir Yuichi Fujinuma,
dir
Ikuho Kido, dir Takashi Baraki, dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY:
FINANCES FAIR A/SALES Yen 55,117 M
PAYMENTSNO COMPLAINTS
CAPITAL Yen
2,000 M
TREND SLOW WORTH Yen 3,212 M
STARTED 1993 EMPLOYES 103
COMMENT:
TRADING FIRM, OWNED BY SUMITOMO CORPORATION.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
HIGHLIGHTS:
The subject
company was established by on the basis of a Fukuoka Branch Office separated
from Sumitomo Corporation (See REGISTRATION),
jointly with 4 group firms of Sumitomo Corp.
This is a trading firm for import, export and wholesale of iron/steel
products, chemicals, foods, other (See OPERATION). Covering area is Kyushu & Okinawa, with 4
branch offices located. Completed
photovoltaic power plant in July 2014, jointly with the parent, Sumitomo Corp.
FINANCIAL INFORMATION:
The sales volume for Mar/2014 fiscal term amounted to Yen 55,117
million, a 4% down from Yen 57,248 million in the previous term. The recurring profit was posted at Yen 526
million and the net profit at Yen 268 million, respectively, compared with Yen
281 million recurring profit and Yen 198 million net losses, respectively, a
year ago.
For the current term ending Mar 2015 the recurring profit is projected
at Yen 550 million and the net profit at Yen 280 million, respectively, on a 5%
rise in turnover, to Yen 58,000 million.
The newly completed photovoltaic power plant will contribute.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
REGISTRATION
Date Registered: Sept 1993
Regd No.:
2900-01-014029
(Hakata-Hakataku)
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 192,000
shares
Issued: 48,000 shares
Sum: Yen
2,000 million
Major shareholders (%): Sumitomo
Corporation* (100)
*.. One of leading
general trading companies, Tokyo, founded 1919, listed Tokyo S/E, capital Yen
219,279 million, sales Yen 8,146,184 million, operating profit Yen 171,750
million, recurring profit Yen 304,246 million, net profit Yen 223,064 million,
total assets Yen 8,668,734 million, net worth Yen 2,404,670 million, employees
74,638, pres Kuniharu Nakamura
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION:
Activities: Trading firm for
import, export and wholesale of: iron/steel division (17%), electric/electronic
equipment, information systems division (10%), chemicals division (30%), branch
operation division (43%)
Overseas
Sales Ratio (12%)
(Handling
Items): iron/steel products, nonferrous metal products, building materials,
information systems & equipment, chemicals, foods, fuels, cement, other
Clients: [Mfrs,
wholesalers] Mitsubishi Heavy Ind, Kyushu Electric Power, Nippon Steel &
Sumitomo Metal Corp, Kyoei Steel Ltd, RIKEN Nosan-Kako Co, Adventure Co, Kyushu
Telecommunication Network Inc, Okinawa Gas, Ryuseki Corp, other
No. of accounts:
500
Domestic areas of
activities: Centered in Kyushu & Okinawa
Suppliers: [Mfrs,
wholesalers] Sumitomo Corp, NEC Corp, JX Nippon Energy & Sumitomo Metal
Ind, Nansei Sekiyu KK, Sumitomo Precision Products, Nissin Electric, UACJ Corp,
Sumitomo Heavy Industries Handling System Co, other
Payment record: No Complaints
Location: Business area in
Bank References:
SMBC (
Relations: Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
31/03/2015 |
31/03/2014 |
31/03/2013 |
31/03/2012 |
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Annual
Sales |
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58,000 |
55,117 |
57,248 |
55,849 |
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Recur.
Profit |
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550 |
526 |
281 |
491 |
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Net
Profit |
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280 |
268 |
-194 |
261 |
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Total
Assets |
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21,260 |
20,649 |
24,908 |
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Current
Assets |
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20,590 |
19,914 |
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Current
Liabs |
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17,638 |
17,103 |
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Net
Worth |
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3,212 |
2,953 |
24,908 |
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Capital,
Paid-Up |
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2,000 |
2,000 |
2,000 |
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Div.P.Share(¥) |
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5,552.00 |
0.00 |
5,411.00 |
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<Analytical Data> |
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(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
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5.23 |
-3.72 |
2.50 |
-0.04 |
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Current Ratio |
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116.74 |
116.44 |
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N.Worth Ratio |
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15.11 |
14.30 |
100.00 |
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R.Profit/Sales |
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0.95 |
0.95 |
0.49 |
0.88 |
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N.Profit/Sales |
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0.48 |
0.49 |
-0.34 |
0.47 |
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Return On Equity |
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.. |
8.34 |
-6.57 |
1.05 |
Notes: Forecast
(or estimated) figures for the 31/03/2015 fiscal term.
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.