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Report No. : |
308333 |
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Report Date : |
14.02.2015 |
IDENTIFICATION DETAILS
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Name : |
SONY MOBILE COMMUNICATIONS INC |
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|
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Registered Office : |
SW Bldg, 1-8-1 Konan Minatoku Tokyo
108-0075 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2015 (Estimated) |
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Date of Incorporation : |
October 2001 |
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Legal Form : |
Limited Company |
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Line of Business : |
Engaged as Exporter and wholesaler
of Audio
6 Video Equipment including Mobile Phones, Smartphones, Mobile PC Terminals, Mobile
Communication Equipment & Application Service Provider. |
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No of Employees : |
250 |
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 Limit : |
Yen 7,381.8 million |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 |
|
Moderate |
B1 |
|
High |
B2 |
|
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 |
SONY MOBILE COMMUNICATIONS INC
Sony Mobile Communications
KK
SW Bldg, 1-8-1
Konan Minatoku Tokyo 108-0075 JAPAN
Tel:
03—5782-5411
URL: http://www.sonymobile.co.jp
E-Mail address: (thru the URL)
Engaged as Exporter and wholesaler
of Audio 6 Video Equipment including Mobile Phones, Smartphones, Mobile PC
Terminals, Mobile Communication Equipment & Application Service Provider.
Nil
Worldwide
(utilizing Sony Corp’s overseas subsidiaries/agents)
Group
firms
HIROKI
TOTOKI, PRES Izumi Kawanishi,
dir
Kazuo
Hirai, dir Ken’ichiro
Yoshida, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 317,403 M
PAYMENTSNo Complaints
CAPITAL Yen 3,000 M
TREND UP WORTH Yen 18,134 M
STARTED 2001 EMPLOYES 250 (about)
TRADING FIRM SPECIALIZING IN
MOBILE PHONES, OWNED BY SONy
CORP.
FINANCIAL SITUATION CONSIDERED FAIR
AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: ESTIMATED AT Yen
7,381.8 million, ON 30 DAYS NORMAL
TERMS.
The subject company was established on the basis of a trading division separated from Sony Corp (See REGISTRATION). A trading company for export and wholesale of Audio 6 Video Equipment including Mobile Phones, Smartphones, Mobile PC Terminals, mobile communication equipment & Application Service Provider. Goods are sold online to domestic and overseas markets (utilizing Sony Corp’s overseas offices). Clients include telecommunications firms, phone companies, other, nationwide.
The sales volume for Mar/2014 fiscal term amounted to Yen 317,403 million, a 30% up from Yen 244,055 million in the previous term. Sales of mobile phones, smartphones, others were robust, particularly for exports. The recurring profit was posted at Yen 10,195 million and the net profit at Yen 6,345 million, respectively, compared with Yen 8,593 million recurring profit and Yen 5,476 million net profit, respectively, a year ago.
For the current term ending Mar 2015 the recurring profit is projected at Yen 11,000 million and the net profit at Yen 6,500 million, respectively, on a 6% rise in turnover, to Yen 345,000 million. Business is seen expanding steadily.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 7,381.8 million, on 30 days normal terms
Date Registered: Oct 2001
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
240,000 shares
Issued:
60,000 shares
Sum: Yen 3,000 million
Major shareholders (%): Sony Corp* (100)
*.. Globally renowned
mfr of audio & video equipment, Tokyo, founded 1946, listed Tokyo & New
York S/E’s, capital Yen 646,663 million, sales Yen 7,767,266 million, operating
profit Yen 26,495 million, recurring profit Yen 25,741 million, net loss Yen
128,369 million, total assets Yen 15,166,121 million, net worth Yen 2,260,999
million, employees 140,900, pres Kazuo Hirai. Nothing
detrimental is known as to the commercial morality of executives.
Activities: Exports and
wholesales audio 6 video equipment: mobile phones, smartphones, mobile PC
terminals, application service provider, other (--100%)
Clients: [Mfrs,
wholesalers] NTT DoCoMo Inc, KDDI, Okinawa Cellular Phone, Ymobile Corp,
other
No. of accounts: 500
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs, wholesalers]
Sony EMCS, Sony Mobile Communications AB, other Sony Group firms
Payment record: No Complaints
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactory.
Bank References:
SMBC
(H/O)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/03/2015 |
31/03/2014 |
31/03/2013 |
31/03/2012 |
|
|
Annual
Sales |
|
335,000 |
317,403 |
244,055 |
38,436 |
|
Recur.
Profit |
|
11,000 |
10,195 |
8,595 |
2,828 |
|
Net
Profit |
|
6,500 |
6,345 |
5,476 |
1,049 |
|
Total
Assets |
|
|
64,080 |
72,594 |
61,583 |
|
Current
Assets |
|
|
58,884 |
67,678 |
56,153 |
|
Current
Liabs |
|
|
42,652 |
57,988 |
53,062 |
|
Net
Worth |
|
|
18,134 |
11,789 |
6,313 |
|
Capital,
Paid-Up |
|
|
3,000 |
3,000 |
3,000 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
|
(%) |
(%) |
(%) |
(%) |
|
S.Growth Rate |
|
5.54 |
30.05 |
58.70 |
-20.00 |
|
Current Ratio |
|
.. |
138.06 |
116.71 |
105.83 |
|
N.Worth Ratio |
|
.. |
28.30 |
16.24 |
10.25 |
|
R.Profit/Sales |
|
3.28 |
3.21 |
3.52 |
7.36 |
|
N.Profit/Sales |
|
1.94 |
2.00 |
2.24 |
2.73 |
|
Return On Equity |
|
.. |
34.99 |
46.45 |
16.62 |
Notes:
Forecast (or estimated) figures for the 31/03/2015 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.14 |
|
UK Pound |
1 |
Rs.95.78 |
|
Euro |
1 |
Rs.71.05 |
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.