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MIRA INFORM REPORT
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Report No. : |
509341 |
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Report Date : |
14.05.2018 |
IDENTIFICATION DETAILS
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Name : |
SOJITZ CORPORATION |
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Registered Office : |
2-1-1 Uchisaiwaicho Chiyodaku Tokyo 100-8691 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2017 |
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Date of Incorporation : |
Dec., 1982 |
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Com. Reg. No.: |
(Tokyo-Minatoku) 049977 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, export, wholesale of machinery,
energy & metals, chemicals, other |
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No. of Employees : |
2,318 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A++ |
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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Status : |
Excellent |
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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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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Japan |
A1 |
A1 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
JAPAN - ECONOMIC OVERVIEW
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Source
: CIA |
Company
Name And Address
SOJITZ CORPORATION
REGD NAME: Sojitz
KK
MAIN OFFICE: 2-1-1
Uchisaiwaicho Chiyodaku Tokyo 100-8691 JAPAN
Tel:
03-6871-5000 Fax: 03-6871-2430
E-Mail address: info@sojitz.com
ACTIVITIES
Import, export,
wholesale of machinery, energy & metals, chemicals, other
BRANCHES
4 domestic, 84
overseas
(Subsidiaries/affiliates):
117 domestic, 322 overseas
OFFICERS
MASAYOSHI
FUJIMOTO, PRES Yoji Sato, ch
Futoshi Hara, v
pres Satoshi
Nagai, v pres
Seiichi Tanaka,
s/mgn dir Yoko
Kurita, dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 1,555,349 M
PAYMENTS REGULAR CAPITAL Yen 160,339 M
TREND SLOW WORTH Yen
550,513 M
STARTED 2003 EMPLOYES 2,318
COMMENT
GENERAL TRADING HOUSE.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
HIGHLIGHTS
The subject company
was established in Apr 2003 by forming a joint holding company, named Nissho
Iwai-Nichimen Holdings Company, by the then Nissho Iwai Co and Nichimen Co, and
subsequently in Apr 2004 the two merged into Sojitz Corp as captioned. The holding company, at the same time,
renamed Sojitz Holdings Corporation. The
merger was formed in order to restructure the two firms through supports from
financial institutions including the then UFJ Bank (now MUFG), the main bank
for the two firms. On 01/Oct/2005, in order
to further streamline the Group’s management framework, Sojitz Holdings merged
with its principal operating arm and wholly owned subsidiary, Sojitz
Corporation. The company’s name was then
changed to Sojitz Corporation. This is a
general trading house succeeding the business rights & operations of the
said two firms, excluding liquidation or separation of unprofitable divisions
& operations. This is the
sixth-ranked general trading house.
Major handling items are machinery, energy & resources, which former
Nissho Iwai Corp was the stronger, and textiles, etc, which the former Nichimen
Corp was stronger. Highly competitive in
fields of aircraft, lumber and urban development. The company is the Japanese agent for
aircraft of Boeing of the US and also has strengths in lumber, feeds and the
automobile sales business overseas. The
company is intensifying Brazil’s cereal crop cargo pickup/export business for
Asia. It is investing Yen 16 billion in
local major firm to expand commercial distribution channels.
FINANCIAL
INFORMATION
The operating
revenue for Mar/2017 fiscal term amounted to Yen 1,555,349 million, a 6% down
from Yen 1,658,072 million in the previous term. The recurring profit was posted at Yen
57,955 million and the net profit at Yen 40,760 million respectively, compared
with Yen 44,269 million recurring profit and Yen 36,526 million net profit,
respectively, a year ago
For the current
term ending Mar 2018 the recurring profit is projected at Yen 69,000 million
and the net profit at Yen 50,000 million, respectively, on a 6% rise in revenue
turnover, to Yen 1,650,000 million.
The financial
situation is considered FAIR and good for ORDINARY business engagements.
REGISTRATION
Date
Registered: Dec 1982
Regd
No.: (Tokyo-Minatoku) 049977
Legal
Status: Limited Company (Kabushiki Kaisha)
Authorized:
2,500 million shares
Issued: 1,251,499,501 shares
Sum:
Yen 160,339 million
Major shareholders
(%):
Japan Trustee Services T (11.1), Ichigo Trust (8.8), Chase Manhattan GTS Escrow
(5.0), Master Trust Bank of Japan (3.5), JPMCB ITS (London) Morgan Stanley
(3.0); foreign owners (45.7)
No.
of shareholders: 142,955
Listed
on the S/Exchange (s) of: Tokyo
Nothing detrimental is known as to
the commercial morality of executives.
Related companies:
Sojitz
Marine & Engineering, Sojitz Building Materials Corp, other
OPERATION
Activities: A general
trading house:
(Sales breakdown
by Divisions):
Machinery Division
(26%): Automotive Unit, Environment & Infrastructure Unit, IT Business
Unit, Marine & Aerospace Unit;
Energy &
Metals Division (17%): Energy & Nuclear Unit, Coal & Non-ferrous
Metals Unit, Ferrous Metals & Steel Products Unit;
Chemicals &
Functional Materials Division (12%): Chemicals Unit, Functional Materials Unit;
Lifestyle Business
Division (18%): Foods Resources Unit, General Commodities & Textile Unit, Forest
Products & Real Estate Development Unit;
Others (28%)
Overseas trading
(51%)
Clients: [Mfrs,
wholesalers] Kobe Steel, NM Life, First Retailing, Uto Kosan, Zao Severstal,
Varig S.A., Auto-Isuzu PT Indofood Sukses Makmur TBK, MMC Automotriz SA, Tata
Steel, other
No. of accounts: 1,000
Domestic areas of activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Hitachi Zosen, Hitachi Ltd, Toyo Rubber, Yamazaki
Nabisco, Sun Building Materials Corp, Sumitomo Metal Mining, Fuji
Electric Systems,
Sojitz Asia, Philip Morris Japan, Sojitz USA, other.
Payment
record: Regular
Location: Business area in Tokyo. Office premises at the
caption address are leased and maintained satisfactorily.
Bank
References:
MUFG
(H/O)
Mizuho Bank (H/O)
Relations: Satisfactory
FINANCIALS
(In Million Yen)
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Terms Ending: |
31/03/2018 |
31/03/2017 |
31/03/2016 |
31/03/2015 |
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Annual
Sales |
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1,650,000 |
1,555,349 |
1,658,072 |
1,809,701 |
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Recur.
Profit |
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69,000 |
57,955 |
44,269 |
52,584 |
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Net
Profit |
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50,000 |
40,760 |
36,526 |
33,075 |
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Total
Assets |
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2,138,466 |
2,056,670 |
2,297,358 |
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Current
Assets |
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1,229,747 |
1,146,344 |
1,323,497 |
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Current
Liabs |
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717,748 |
673,776 |
780,538 |
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Net
Worth |
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550,513 |
520,353 |
550,984 |
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Capital,
Paid-Up |
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160,339 |
160,339 |
160,339 |
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Div.Ttl
in Million (¥) |
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10,008 |
9,382 |
5,629 |
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<Analytical Data> |
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(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
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6.09 |
-6.20 |
-8.38 |
0.37 |
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Current Ratio |
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.. |
171.33 |
170.14 |
169.56 |
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N.Worth Ratio |
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.. |
25.74 |
25.30 |
23.98 |
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R.Profit/Sales |
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4.18 |
3.73 |
2.67 |
2.91 |
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N.Profit/Sales |
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3.03 |
2.62 |
2.20 |
1.83 |
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Return On Equity |
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.. |
7.40 |
7.02 |
6.00 |
Notes: Forecast (or estimated)
figures for the 31/03/2018 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 67.22 |
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1 |
INR 90.88 |
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Euro |
1 |
INR 80.99 |
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Yen |
1 |
INR 0.62 |
Note:
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
KET |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
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Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.