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Report No. : |
312484 |
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Report Date : |
02.04.2015 |
IDENTIFICATION DETAILS
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Name : |
NTT DATA CORPORATION |
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Registered Office : |
Toyosu Center Bldg, 3-3-3 Toyosu Kotoku Tokyo 135-6001 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2014 |
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Date of Incorporation : |
May, 1988 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Management of Data Communication, System Integration, Network Service. |
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No. of Employees : |
11,000 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limits : |
YEN 36,094.7 MILLION |
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Status : |
Satisfactory |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
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 |
NTT DATA CORPORATION
REGD NAME: KK
NTT DATA
MAIN OFFICE: Toyosu
Center Bldg, 3-3-3 Toyosu Kotoku Tokyo 135-6001 JAPAN
Tel: 03-5546-8202 Fax: information not available
URL: http://www.nttdata.com
E-Mail address: (thru the URL)
Management of data
communication, system integration, network service
Tokyo, Osaka,
Kyoto, Hakata, other
China, U.S.A., Brazil, Austria, Denmark, France, Italy Germany, Switzerland, Turkey, UK, Malaysia, Vietnam, Australia, India, other
TOSHIO IWAMOTO,
PRES
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 1,343.772 M
PAYMENTS REGULAR CAPITAL Yen 142,520 M
TREND UP WORTH Yen
709,818 M
STARTED 1988 EMPLOYES 11,000
SYSTEM INTEGATION COMPANY. (IT IS A
SUBSIDIAY OF NTT GROUP.)
FINANCIAL SITUATION COSIDERED FAIR AND GOOD FOR
ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT:
YEN 36,094.7 MILLION, 30 DAYS NORMAL TERMS
|
Business |
Terms Ending |
Annual Sales* |
R.Profit* |
N.Profit* |
S.Growth |
Net Worth* |
|
Results: |
31/03/2011 |
1,161,962 |
75,779 |
37,313 |
(%) |
630,317 |
|
(Consolidated) |
31/03/2012 |
1,251,177 |
75,588 |
30,446 |
7.68 |
639,750 |
|
31/03/2013 |
1,301,941 |
81,870 |
1,582 |
4.06 |
684,207 |
|
|
31/03/2014 |
1,343,772 |
62,153 |
2,130 |
3.21 |
709,818 |
|
|
31/03/2015 |
1,460,000 |
75,000 |
37,000 |
8.65 |
746,818 |
Unit: In Million Yen
Forecast
figures for the 2015 fiscal term.
The subject
company is one of biggest subsidiaries of NTT (Nippon Telegraph and Telephone)
Group which was established in 1967. It is a Japanese system integration company and was started as Data
communication division of NTT in 1988, and now becomes the largest of the IT
Service companies headquartered in Japan. It is a publicly traded company, but
is about 54 percent owned by NTT. Business areas are in national and local
governments, financial and telecommunication sectors.
The sales volume
for March 2014 fiscal term amounted to Yen 1,343,772 million, a 3% up from Yen
1,301,941 million in the previous term.
The recurring profit was posted at Yen 62,153 million and the net profit
at Yen 2,130 million, respectively, compared with Yen 81,870 million recurring
profit and Yen 1,582 million net profit, respectively, a year ago.
For the fiscal
year of 2015, while by and large corporations are likely to remain cautious
about IT investments, they forecast that the group company’s financial results
will be affected by factors such as a net sales increase in overseas
subsidiaries. Accordingly, they expect
sales to be Yen 1,460,000 million, a 8% growth compared with the current fiscal
period.
Recurring profit is expected to increase to 12.8 billion yen from the current
year, resulting from a profit increase accompanying the net sales increase by
the effects of the promotion of remarketing and improvement of the cost ratio
as well as a restraint of unprofitable projects.
Final results are yet to be released.
The financial
situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 36,094.7
million, on 30 days normal terms.
Date
Registered: May 1988
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized:
1,122 million shares
Issued: 280.5
million shares
Sum: Yen
142,520 million
Major
shareholders (%): Nippon Telegraph and Telephone Corp (54), The Master Trust Bank of
Japan Ltd. (5), Japan Trustee Service Bank Ltd. (4), BNP Paribas Japan
(1),Employees’ S/Holding Assn(1), other
No.
of shareholders: 92,177
Listed on the S/Exchange (s) of: Tokyo Stock
Exchange (1st section)
Managements: TOSHIO IWAMOTO,
PRES; Eiji Yamada, v.pres; Satoshi Kurishima, dir; Masanori Shiinaa, dir;
Hiroshi Honma, dir; Eiji Ueki, dir; Yo Takaya, dir; Hironobu Sagae, dir;
Nothing detrimental
is known as to the commercial morality of executives.
Related
companies: Integrate System Service Corp, NTT DATA i Corp, NTT DATA Itex Corp,
Construction-ec.com Corp, Newson Corp, Net Leasing Corp, Bestcom Solutions
Corp, other
Activities: Management of
data communication, system integration, network service. It is a Subsidiary of
NTT Group.
Clients: [Mfrs,
wholesalers] Financial institutions, National and Municipal Government, other
No. of accounts:
Unavailable
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs, wholesalers] Makers of domestic
hardware, software houses, other
Payment record: Regular
Location: Business area in
Tokyo. Office premises at the caption
address are ^ and maintained satisfactorily.
Bank References:
Mizuho Bank
SMBC
Relations: Satisfactory
(In Million Yen)
|
FINANCES: (Consolidated
in million yen) |
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Terms Ending: |
31/03/2014 |
31/03/2013 |
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INCOME STATEMENT |
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Annual Sales |
1,343,772 |
1,301,941 |
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Cost of Sales |
1,031,213 |
980,524 |
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GROSS PROFIT |
312,559 |
321,417 |
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Selling & Adm Costs |
249,975 |
235,720 |
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OPERATING PROFIT |
62,584 |
85,697 |
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Non-Operating P/L |
-431 |
-3,827 |
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RECURRING PROFIT |
62,153 |
81,870 |
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NET PROFIT |
2,130 |
1,582 |
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BALANCE SHEET |
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Cash |
|
180,430 |
152,504 |
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Receivables |
344,221 |
313,600 |
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Inventory |
22,645 |
24,104 |
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Securities, Marketable |
2 |
2 |
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Other Current Assets |
121,908 |
111,051 |
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TOTAL CURRENT ASSETS |
669,206 |
601,261 |
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Property & Equipment |
312,697 |
297,169 |
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Intangibles |
562,177 |
496,852 |
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Investments, Other Fixed Assets |
145,860 |
129,027 |
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TOTAL ASSETS |
1,689,940 |
1,524,309 |
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Payables |
97,837 |
92,206 |
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Short-Term Bank Loans |
66,387 |
11,441 |
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Other Current Liabs |
290,490 |
293,642 |
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TOTAL CURRENT LIABS |
454,714 |
397,289 |
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Debentures |
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Long-Term Bank Loans |
87,298 |
61,903 |
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Reserve for Retirement Allw |
146,572 |
119,460 |
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Other Debts |
291,538 |
261,450 |
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TOTAL LIABILITIES |
980,122 |
840,102 |
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MINORITY INTERESTS |
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Common
stock |
142,520 |
142,520 |
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Additional
paid-in capital |
139,300 |
139,300 |
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Retained
earnings |
384,922 |
378,951 |
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Evaluation
p/l on investments/securities |
|
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Others |
43,076 |
23,436 |
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Treasury
stock, at cost |
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TOTAL S/HOLDERS` EQUITY |
709,818 |
684,207 |
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TOTAL EQUITIES |
1,689,940 |
1,524,309 |
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CONSOLIDATED CASH FLOWS |
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Terms ending: |
31/03/2014 |
31/03/2013 |
|
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Cash
Flows from Operating Activities |
|
234,524 |
161,327 |
|
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Cash
Flows from Investment Activities |
-189,687 |
-115,044 |
|
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Cash Flows
from Financing Activities |
-19,345 |
-35,667 |
|
|
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Cash,
Bank Deposits at the Term End |
|
207,213 |
176,963 |
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ANALYTICAL RATIOS Terms ending: |
31/03/2014 |
31/03/2013 |
||
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Net
Worth (S/Holders' Equity) |
709,818 |
684,207 |
|
|
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Current
Ratio (%) |
147.17 |
151.34 |
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Net
Worth Ratio (%) |
42.00 |
44.89 |
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Recurring
Profit Ratio (%) |
4.63 |
6.29 |
|
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Net
Profit Ratio (%) |
0.16 |
0.12 |
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Return
On Equity (%) |
0.30 |
0.23 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.59 |
|
|
1 |
Rs.92.46 |
|
Euro |
1 |
Rs.67.51 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
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.