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Report No. : |
348113 |
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Report Date : |
02.11.2015 |
IDENTIFICATION DETAILS
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Name : |
MITSUBISHI CORPORATION RTM JAPAN LTD |
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Registered Office : |
JP Tower 27F, 2-7-2 Marunouchi Chiyodaku Tokyo 100-0005 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2015 |
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Date of Incorporation : |
January 1947 |
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Com. Reg. No.: |
0100-01-034783 (Tokyo-Chiyodaku) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Imports, exports and wholesales nonferrous/ferrous raw materials,
other (--100%) |
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No. of Employee : |
302 |
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 |
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Japan |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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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 an 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. Scarce in many natural resources, Japan has long been dependent on imported raw materials. Since the complete shutdown of Japan’s nuclear reactors after the earthquake and tsunami disaster in 2011, Japan's industrial sector has become even more dependent than it was previously on imported fossil 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 impressive - 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 aftereffects 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. 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 of that year disrupted manufacturing. The economy has largely recovered in the four years since the disaster, although reconstruction in the affected Tohoku region has lagged, in part due to a shortage of labor in the construction sector. Japan enjoyed a sharp uptick in growth in 2013 on the basis of Prime Minister Shinzo Abe’s “Three Arrows” economic revitalization agenda - dubbed “Abenomics” - of monetary easing, “flexible” fiscal policy, and structural reform. Abe’s government has replaced the preceding administration’s plan to phase out nuclear power with a new policy of seeking to restart nuclear power plants that meet strict new safety standards, and emphasizing nuclear energy’s importance as a base-load electricity source. Japan joined the Trans-Pacific Partnership (TPP) 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 first-place China, which surpassed Japan in 2001, and third-place India, which edged out Japan in 2012. While seeking to stimulate and reform the economy, the government must also devise a strategy for reining in Japan's huge government debt, which amounts to more than 230% of GDP. To help raise government revenue, Japan adopted legislation in 2012 to gradually raise the consumption tax rate to 10% by 2015, beginning with a hike from 5% to 8% implemented in April 2014. That increase had a contractionary effect on GDP, however, so PM Abe in late 2014 decided to postpone the final phase of the increase until April 2017 to give the economy more time to recover. Led by the Bank of Japan’s aggressive monetary easing, Japan is making progress in ending deflation, but demographics - low birthrate and an aging, shrinking population - pose major long-term challenges for the economy.
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Source
: CIA |
MITSUBISHI CORPORATION RTM JAPAN LTD
REGD NAME: Mitsubishi
Shoji RTM Japan KK
MAIN OFFICE: JP
Tower 27F, 2-7-2 Marunouchi Chiyodaku Tokyo 100-0005 JAPAN
Tel: 03-5221-3770 Fax: 03-5221-3709
URL: http://www.mitsubishicorprtm.com
E-Mail address: (thru the URL)
Import, export,
wholesale of ferrous/nonferrous raw materials, other
Nagoya, Osaka,
Sendai (Tot 3)
China, Hong Kong, Taipei,
Thailand, Singapore (--subsidiaries)
KENJI TANI, PRES Kaoru Nakayama, rep dir
Ryuhei Arimoto,
rep dir Kanji Nishiura, dir
Hiroshi Kuwata,
dir Tomokazu Tanaka,
dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 531,503 M
PAYMENTSNO COMPLAINTS CAPITAL Yen 3,143 M
TREND UP WORTH Yen 15,726 M
STARTED 1947 EMPLOYES 302
TRADING FIRM SPECIALIZING IN FERROUS/NONFERROUS MATERIALS, OWNED BY.MITSUBISHICORP
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established on the basis of a metal division
separated from Mitsubishi Corporation (See REGISTRATION). This is a trading firm for import, export and
wholesale of ferrous/nonferrous materials, thermal coal, metal materials,
other. Has 5 overseas subsidiaries. Clients include heavy machinery mfrs, steel
mills, other
The sales volume
for Mar/2015 fiscal term amounted to Yen 531,503 million, a 2% up from Yen
521,049 million in the previous term.
Material prices hike contributed.
The recurring profit was posted at Yen 7,965 million and the net profit
at Yen 4,368 million, respectively, compared with Yen 9,600 million recurring
profit and Yen 1,385 million net losses, respectively, a year ago.
For the current
term ending Mar 2016 the recurring profit is projected at Yen 8,000 million and
the net profit at Yen 4,400 million, respectively, on a 3% rise in turnover, to
Yen 547,500 million.
The financial
situation is considered FAIR and good for ORDINARY business engagements.
Date Registered: Jan 1947
Regd No.:
0100-01-034783
(Tokyo-Chiyodaku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 25 million shares
Issued: 6,286,064 shares
Sum: Yen 3,143.062 million
Major
shareholders (%): Mitsubishi Corporation* (100)
*.. Largest trading house and one of core firms of Mitsubishi group,
Tokyo, founded 1950, listed Tokyo S/E, capital Yen 204,447 million, sales Yen
7,669,489 million, operating profit Yen 212,059 million, recurring profit Yen
574,722 million, net profit Yen 400,574 million, total assets Yen 16,774,366
million, net worth Yen 5,570,477 million, employees 6,322, pres Ken Kobayashi
Nothing detrimental is known as to the
commercial morality of executives.
Activities: Imports, exports
and wholesales nonferrous/ferrous raw materials, other (--100%)
(Handling Items):
Ferrous raw
materials: metallurgical coal, iron ore, nickel & Ferro alloy;
Thermal Coal: thermal coal
Metal materials: lead & zinc
metals, ferrous raw materials, rare metals, aluminum metal, aluminum alloy,
copper & tin;
Precious metals,
other
Clients: [Mfrs,
wholesalers] Mitsubishi Aluminum Co, JFE Steel, Nippon Steel & Sumitomo
Metals Corp, Calsonic Kansei Corp, OKB, Mitsubishi Heavy Ind, other
No. of accounts: 500
Domestic areas of activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Mitsubishi Aluminum Co, Sumitomo Chemical Ind, Calsonic Kansei
Corp, Dowa Metal Mine, Mitsubishi Materials, OKB, other
Payment
record: No Complaints
Location: Business area in Tokyo. Office premises at the caption address are
leased and maintained satisfactorily.
Bank
References:
MUFG (H/O)
Norin Chukin Bank (H/O)
Relations: Satisfactory
(In Million Yen)
|
Terms Ending: |
31/03/2016 |
31/03/2015 |
31/03/2014 |
31/03/2013 |
|
|
Annual
Sales |
|
547,500 |
531,503 |
521,049 |
327,763 |
|
Recur.
Profit |
|
8,000 |
7,965 |
9,600 |
1,585 |
|
Net
Profit |
|
4,400 |
4,368 |
-1,385 |
830 |
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Total
Assets |
|
|
339,553 |
318,610 |
98,138 |
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Current
Assets |
|
|
322,967 |
302,532 |
93,060 |
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Current
Liabs |
|
|
317,018 |
295,371 |
81,336 |
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Net
Worth |
|
|
15,726 |
12,213 |
14,691 |
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Capital,
Paid-Up |
|
|
3,143 |
3,143 |
3,143 |
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Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
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<Analytical Data> |
|
(%) |
(%) |
(%) |
(%) |
|
S.Growth Rate |
|
3.01 |
2.01 |
58.97 |
-22.02 |
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Current Ratio |
|
.. |
101.88 |
102.42 |
114.41 |
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N.Worth Ratio |
|
.. |
4.63 |
3.83 |
14.97 |
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R.Profit/Sales |
|
1.46 |
1.50 |
1.84 |
0.48 |
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N.Profit/Sales |
|
0.80 |
0.82 |
-0.27 |
0.25 |
|
Return On Equity |
|
.. |
27.78 |
-11.34 |
5.65 |
Notes: Forecast (or estimated) figures for the
31/03/2016 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.22 |
|
|
1 |
Rs.99.93 |
|
Euro |
1 |
Rs.71.67 |
INFORMATION DETAILS
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Analysis Done by
: |
KAS |
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Report Prepared
by : |
NIT |
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 |
-- |
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.