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Report No. : |
321788 |
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Report Date : |
11.05.2015 |
IDENTIFICATION DETAILS
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Name : |
MIZUHO BANK LTD |
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Registered Office : |
Otemachi Tower, 1-5-5, Otemachi, Chiyoda-Ku, Tokyo 100-8176 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2014 |
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Date of Incorporation : |
April 2002 |
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Com. Reg. No.: |
0100-01-008815 |
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Legal Form : |
Limited Company |
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Line of Business : |
Banking operations &
services |
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No. of Employees : |
34,748 |
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 |
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Status : |
Good |
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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 |
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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. Since the complete shutdown of Japan’s nuclear reactors after the earthquake and tsunami disaster in 2011, Japan's industrial sector has become 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 four 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. A sales tax increase caused the economy to contract during the 2nd and 3rd quarters of 2014. The economy has largely recovered in the three years since the disaster, but reconstruction in the Tohoku region has been uneven due to labor shortages. 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 2014 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 government will continue a longstanding debate on restructuring the economy and reining in Japan's huge government debt, which amounts to more than 240% 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 2015, although the government in 2014 decided to postpone the final phase of the increase until 2017 to give the economy time to recover from the 2014 increase. 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.
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Source
: CIA |
MIZUHO BANK LTD
REGD NAME: KK Mizuho Ginko
MAIN OFFICE: Ohtemachi Tower, 1-5-5 Ohtemachi Chiyodaku Tokyo 100-0004 JAPAN
Tel: 03-3214-1111
URL: http://www.mizuhobank.co.jp
E-Mail address: (thru
the URL)
Banking operations & services
Domestic 441; overseas 37 (Europe, Americas, Asia, Africa,
Mid/Near East, other
NOBUHIDE HAYASHI, PRES Nobuyuki
Fujii, s/mgn dir
Masaaki Kono, s/mgn dir Yosuke
Nakamura, s/mgn dir
Ryusuke Aya, mgn dir Jun’ichi
Shimpo, mgn dir
Yen Amount: In
million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 2,020,951 M
PAYMENTSREGULAR CAPITAL Yen 1,404,065 M
TREND UP WORTH Yen 7,896,118 M
STARTED 2002 EMPLOYES 34,748
BANKING
OPERATIONS & SERVICES.
FINANCIAL
SITUATION CONSIDERED FAIR AND GOOD FOR
ORDINARY
BUSINESS ENGAGEMENTS.
This is a bank, under Mizuho Financial Group Inc (See REGISTRATION), offering banking operations and services. Operates a total 441 branches/offices domestic and 37 overseas. The firm merged a sister company, Mizuho Corporate Bank, and offering combined services for banking and trust services.
The sales volume for Mar/2014
fiscal term amounted to Yen 2,020,951 million, a 31% up from Yen 1,547,693
million in the previous term. The
recurring profit was posted at Yen 765,580 million and the net profit at Yen
488,678 million, respectively, compared with Yen 358,393 million recurring
profit and Yen 259,898 million net profit, respectively, a year ago.
For the term that ended Mar
2015 the recurring profit was projected at Yen 600,000 million and the net
profit at Yen 460,000 million, respectively, on a 20% rise in turnover, to Yen
2,425,000 million. Final results are yet
to be released.
The
financial situation is considered FAIR and good for ORDINARY business
engagements.
Date Registered: Apr
2002
Regd No.: 0100-01-008815
(Tokyo-Chiyodaku)
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 28 million shares
Issued:
19,911,000 shares
Sum: Yen
1,404,065 million
Major shareholders (%):
Mizuho Financial Group Inc*
(100)
*.. Holding Company of
Mizuho Group firms, founded 2003, listed Tokyo, New York S/E’s, capital Yen 2,254,405 million, turnover Yen
2,927,760 million, net profit Yen 688,415 million,
total assets Yen 195,996,433 million, net worth Yen 7,509,834 million, employees
55,380, pres Yasuhiro Sato
Nothing
detrimental is known as to the commercial morality of executives.
Activities:
Banking operations & services (--100%)
Clients:
Lending money totals Yen 75,490,600 million: mfg industries (10.8%), financial
institutions, insurance firms (9.1%), real estate industry (7.8%), other
No. of accounts: Unavailable
Domestic areas of activities: Nationwide
Suppliers:
[Mfrs, wholesalers] Deposit totals Yen 75,490,600: Individual consumers
(49.9%), business firms (43.3%), financial institutions, public fund (6.8%)
Payment record: Regular
Location: Business
area in Tokyo. Office premises at the
caption address are leased and maintained satisfactory.
Bank References:
Bank
of Japan (H/O)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
|
31/03/2015 |
31/03/2014 |
31/03/2013 |
31/03/2012 |
|
Annual
Sales |
|
2,425,000 |
2,020,951 |
1,547,693 |
1,350,920 |
|
Recur.
Profit |
|
600,000 |
765,580 |
358,393 |
352,669 |
|
Net
Profit |
|
460,000 |
488,678 |
259,898 |
280,873 |
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Total
Assets |
|
|
149,043,219 |
104,051,669 |
94,621,163 |
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Net
Worth |
|
|
7,896,118 |
5,359,529 |
4,732,660 |
|
Capital,
Paid-Up |
|
|
1,404,065 |
1,404,065 |
1,404,065 |
|
Div.Ttl
in Million (¥) |
|
|
554,429 |
140,438 |
0.00 |
|
<Analytical Data> |
|
(%) |
(%) |
(%) |
(%) |
|
S.Growth Rate |
|
19.99 |
30.58 |
14.57 |
-3.09 |
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Current Ratio |
|
|
.. |
.. |
.. |
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N.Worth Ratio |
|
|
5.30 |
5.15 |
5.00 |
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N.Profit/Sales |
|
18.97 |
24.18 |
16.79 |
20.79 |
Notes: Forecast (or estimated) figures for the 31/03/2015
fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.05 |
|
|
1 |
Rs.99.04 |
|
Euro |
1 |
Rs.71.76 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
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Report Prepared
by : |
VNT |
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.