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Report No. : |
311439 |
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Report Date : |
24.03.2015 |
IDENTIFICATION DETAILS
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Name : |
SOFTBANK MOBILE CORPORATION |
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Registered Office : |
Tokyo Shiodome Bldg, 1-9-1 Higashishimbashi Minatoku Tokyo 105-7317 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2014 |
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Date of Incorporation : |
December, 1986 |
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Com. Reg. No.: |
(Tokyo-Minatoku) 052465 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Mobile Phone Service Provider. |
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No. of Employees : |
7,900 |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
|
Maximum Credit Limit : |
YEN 118,757 MILLION |
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Status : |
Good |
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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 |
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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 |
SOFTBANK MOBILE CORPORATION
REGD NAME: Softbank
Mobile KK
MAIN OFFICE: Tokyo
Shiodome Bldg, 1-9-1 Higashishimbashi Minatoku Tokyo 105-7317
JAPAN
Tel: 03-6889-6666
URL: http://www.mb-softbank.jp/mb/
E-mail: pr@softbank.co.jp
Mobile phone
service provider
Sapporo, Sendai,
Nagoya, Osaka, Kanazawa, Hiroshima, Takamatsu, Fukuoka
MASAYOSHI SON,
PRES Ken Miyauchi, v pres
Jun’ichi Miyagawa,
dir Kazuhiko
Fujiwara, dir
Shuichi Kukita,
dir Yasuyuki Imai, dir
Atsushi Hashiba,
dir Yoshimitsu Goto,
dir
Yen Amount: In
million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 2,517,489 M
PAYMENTSNO
COMPLAINTS CAPITAL Yen 177,251 M
TREND UP WORTH Unavailable
STARTED 1986 EMPLOYES 7,900
MOBILE PHONE
SERVICE PROVIDER
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT:
ESTIMATED AT YEN 118,757 MILLION, ON 30 DAYS NORMAL TERMS.
The subject company was established on the basis of a mobile phone
service division separated from Softbank Corp, at the caption address. This is a mobile phone service provider for
domestic overseas
communications. The number of mobile phone subscribers stands at 3.45 million as at Mar
2014, making it no.1 in net subscriber additions for a fourth consecutive year.
Financials are
disclosed only partially.
The sales volume
for March/2014 fiscal term amounted to Yen 2,517,489 million, a 8.7% up from Yen 2,315,415 million in the previous term. The
recurring profit (estimate) was posted at Yen 454,395 million and the net
profit at Yen 286,339 million, respectively, compared with Yen 463,668 million
recurring profit and Yen 291,093 million net profit, respectively, a year ago.
For the current
term ending March 2015 the recurring profit is projected at Yen 468,026 million
and the net profit at Yen 294,929 million, respectively, on a 5% rise in
turnover, to Yen 2,643,363 million. 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
118,757 million, on 30 days normal terms.
Date Registered: December
1986
Regd No.:
(Tokyo-Minatoku)
052465
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 11,444,229
shares
Issued: 5,427,893 shares
Sum: Yen
177,251 million
Major
shareholders (%): Soft Bank (100)
No.
of shareholders: 1
Nothing detrimental
is known as to the commercial morality of executives.
Activities: Mobile phone
service provider: for domestic/international call & messaging services,
global roaming services, in-flight mobile phone services; sale of mobile
handsets, digital photo frames, mobile data communication, smartphones, prepaid
handsets, other (--100%)..
Clients: Users,
consumers, other
No. of accounts: 34,500,000 subscribers as of end/Mar/2014
Domestic areas of activities: Nationwide
Suppliers:
[Mfrs,
wholesalers] Sharp Corp, Apple Japan, Panasonic Mobile Communications, SoftBank
Corp, NEC Corp, other
Payment
record: No Complaints
Location: Business area in Tokyo. Office premises at the caption address are leased
and maintained satisfactorily.
Bank References:
Mizuho
Bank (H/O)
Mizuho Trust &
Banking (H/O)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/03/2015 |
31/03/2014 |
31/03/2013 |
31/03/2012 |
|
|
Annual
Sales |
|
2,643,363 |
2,517,489 |
2,315,415 |
2,173,150 |
|
Recur.
Profit |
|
468,026 |
454,395 |
463,668 |
383,231 |
|
Net
Profit |
|
294,929 |
286,339 |
291,093 |
432,117 |
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Total
Assets |
|
2,301,313 |
2,234,284 |
2,169,208 |
3,023,492 |
|
Current
Assets |
|
1,057,945 |
1,027,131 |
997,215 |
814,208 |
|
Current
Liabs |
|
1,264,268 |
1,227,445 |
1,191,694 |
940,697 |
|
Net
Worth |
|
2,015,705 |
1,720,776 |
1,434,437 |
1,668,132 |
|
Capital,
Paid-Up |
|
177,251 |
177,251 |
177,251 |
177,251 |
|
Div.P.Share(¥) |
|
0 |
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
|
(%) |
(%) |
(%) |
(%) |
|
S.Growth Rate |
|
5.00 |
8.73 |
6.55 |
10.15 |
|
Current Ratio |
|
83.68 |
83.68 |
83.68 |
86.55 |
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N.Worth Ratio |
|
87.59 |
77.02 |
66.13 |
55.17 |
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R.Profit/Sales |
|
17.71 |
18.05 |
20.03 |
17.63 |
|
N.Profit/Sales |
|
11.16 |
11.37 |
12.57 |
19.88 |
|
Return On Equity |
|
14.63 |
16.64 |
20.29 |
25.90 |
Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the
whole numbers in 31/Mar/2015 fiscal term and figures except for sales and net profit in 31/Mar/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.29 |
|
|
1 |
Rs.93.02 |
|
Euro |
1 |
Rs.67.36 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
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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.