|
Report No. : |
346519 |
|
Report Date : |
21.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
THE BANK OF TOKYO-MITSUBISHI UFJ LTD |
|
|
|
|
Registered Office : |
2-7-1 Marunouchi Chiyodaku |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2015 |
|
|
|
|
Date of Incorporation : |
August, 1919 |
|
|
|
|
Com. Reg. No.: |
0100-01-008846 (Tokyo-Chiyodaku) |
|
|
|
|
Legal Form : |
Limited Company (Kabushiki Kaisha) |
|
|
|
|
Line of Business : |
Banking Business Operations,
Securities, Credit Cards. |
|
|
|
|
No. of Employees : |
35,214 |
RATING & COMMENTS
|
MIRA’s Rating : |
Aa |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
Yen 6,762.6 Million |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 second-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.
|
Source
: CIA |
THE BANK OF TOKYO-MITSUBISHI UFJ LTD
REGD NAME: KK Mitsubishi Tokyo UFJ Ginko
MAIN OFFICE: 2-7-1 Marunouchi Chiyodaku Tokyo 100-8388 JAPAN
Tel: 03-3240-1111
E-Mail Address: (thru the URL)
Banking business operations, securities, credit cards
766 domestic; 75 overseas
NOBUYUKI HIRANO, PRES Katsunori Nagayasu, ch
Kiyoshi Sono, v ch Saburo
Araki, s/mgn dir
Naoto Hirota, s/mgn dir Tadashi
Kuroda, s/mgn dir
Yen Amount: In
million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 4,028,944 M
PAYMENTS REGULAR CAPITAL Yen
1,711,958 M
TREND STEADY WORTH Yen
11,782.423 M
STARTED 1919 EMPLOYES 35,214
BANK, GROUP OF MITSUBISHI UFJ FINANCIAL GROUP INC.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR PROPER
BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 6,762.6 MILLION, 30 DAYS NORMAL TERMS
The subject company was born by
the merger of Bank of Tokyo-Mitsubishi Ltd and UFJ Bank in Jan 2006. This is the largest city bank in Japan,
belonging to Mitsubishi UFJ Financial Group Inc (See REGISTRATION). In Jun 2006 completed the payment of publicly
injected funds. The group offers
banking, trust banking and securities businesses. Operates 766 branch offices nationwide and 75
overseas.
The financials are consolidated by the parent and only
partially disclosed.
The revenues for Mar/2015 fiscal term amounted to Yen
4,028,944 million, a 12% up from Yen 3,599,428 million in the previous
term. The recurring profit was posted at
Yen 1,221,200 million and the net profit Yen 731,622 million, respectively,
compared with Yen 1,217,534 million recurring profit and Yen 753,323 million
net profit, respectively, a year ago.
For the current term ending Mar 2016 the net profit is
projected at Yen 750,000 million, on a 3% rise in turnover, to Yen 4,149,800
million.
The financial situation is
considered FAIR and good for PROPER business engagements. Max credit limit is
estimated at Yen 6,762.6 million, on 30 days normal terms.
Date Registered: Aug 1919
Regd No.:
0100-01-008846 (Tokyo-Chiyodaku)
Legal Status: Limited Company
(Kabushiki Kaisha)
Authorized: 15,000 million shares
Issued:
12,770,730 shares
Sum: Yen 1,711,958 million
Major shareholders (%): Mitsubishi UFJ
Financial Group* (100)
*.. Mitsubishi UFJ Financial Group
Inc, holding company with core subs engaging in banking, trust banking and
securities businesses, Tokyo, founded 2001, listed Tokyo, Nagoya & New York
S/E’s, capital Yen 2,141,543 million, revenues Yen 5,638,402 million, current
profit Yen 1,713,101 million, net profit Yen 1,033,759 million, total assets
Yen 284,991,329 million, net worth Yen 15,117,801 million, employees 108,153,
pres Kiyoshi Sono
Nothing detrimental is known as to the commercial morality
of executives.
Activities: Banking
business operator, operating 766 domestic offices and 75 overseas (Asia,
Europe, Americas, Oceania) (--100%)
Clients: Consumers,
business firms, financial institutions, other
No. of
accounts: Unavailable
Domestic
areas of activities: Nationwide
Suppliers:
Bank of Japan
Payment record: Regular
Location: Business area in Tokyo.
Office premises at the caption address are owned and maintained
satisfactorily.
(In Million Yen)
|
Terms Ending: |
|
31/03/2016 |
31/03/2015 |
31/03/2014 |
31/03/2013 |
|
Annual
Sales |
|
4,149,800 |
4,028,944 |
3,599,428 |
3,419,307 |
|
Recur.
Profit |
|
.. |
1,221,200 |
1,217,534 |
1,070,928 |
|
Net
Profit |
|
750,000 |
731,622 |
753,323 |
673,514 |
|
Total
Assets |
|
|
219,313,264 |
201,614,685 |
181,625,557 |
|
Net
Worth |
|
|
11,782,423 |
10,259,084 |
9,423,748 |
|
Capital,
Paid-Up |
|
|
1,711,958 |
1,711,958 |
1,711,958 |
|
Div.P.Share(¥) |
|
|
32.57 |
17.85 |
11.19 |
|
<Analytical Data> |
|
(%) |
(%) |
(%) |
(%) |
|
S.Growth Rate |
|
3.00 |
11.93 |
5.27 |
3.74 |
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
|
5.37 |
5.09 |
5.19 |
|
N.Profit/Sales |
|
18.07 |
18.16 |
20.93 |
19.70 |
Notes:
Financials are consolidated by the parent and only partially disclosed.
Forecast
(or estimated) figures for the 31/03/2016 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.89 |
|
|
1 |
Rs.100.39 |
|
Euro |
1 |
Rs.73.52 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NIT |
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.