MIRA
INFORM REPORT
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Report Date : |
23rd February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
CHIKYU KAGAKU KENKYUSHO CORP |
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Registered Office : |
1-608 Ueda-Honmachi Tempakuku Nagoya 468-0007, Japan |
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Country : |
Japan |
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Financials (as on) : |
31.08.2007 (Estimated) |
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Date of Incorporation : |
May 1988 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Certified measurer |
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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Maximum Credit Limit : |
Yen 3.9 Million |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
Company Name
CHIKYU KAGAKU KENKYUSHO CORP
REGD NAME
KK Chikyu Kagaku Kenkyusho
MAIN OFFICE
1-608 Ueda-Honmachi Tempakuku Nagoya 468-0007 JAPAN
Tel :
052-802-0703
Fax :
052-805-6383
URL : http://www.geolab.co.jp
E-Mail address :
geoinfo@geolab.co.jp
ACTIVITIES
Certified measurer
LICENSE
Measurement business license No.479 granted from Aichi-Pref
governor.
BRANCHES
Abiko (laboratory)
OFFICERS
KAZUMI ASAMI, PRES Isao
Motojima, s/mgn dir
Kazuhiro Hasegawa, dir Torao
Ohtsuka, dir
Sumihisa Matsuyama, dir
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 220 M
PAYMENTS REGULAR CAPITAL Yen 25 M
TREND STEADY WORTH Yen 86 M
STARTED 1988 EMPLOYES 8
COMMENT
CERTIFIED MEASURER.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR PROPER
BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 3.9 MILLION, 30 DAYS NORMAL
TERMS. .
HIGHLIGHTS
The subject company was established by Kazumi Asami in order
to make most of his experience in the subject line of business. This is a certified measurer centering on
geo & environmental research
data. Business is consigned from
Ministries, electric powers and research labs nationwide.
FINANCIAL INFORMATION
The sales volume for Aug/2006 fiscal term amounted to Yen
220 million, a 2% down from Yen 225 million in the previous term. The net profit remained similar at Yen 3
million.
For the current term ending Aug 2007 the net profit is
projected at Yen 3 million, on a 5% rise in turnover, to Yen 230 million. Business is steady.
The financial situation is considered FAIR and good for
PROPER business engagements. Max credit
limit is estimated at Yen 3.9 million, on 30 days normal terms.
REGISTRATION
Date Registered : May
1988
Legal Status :
Limited Company (Kabushiki Kaisha)
Authorized :
2,000 shares
Issued :
500 shares
Sum :
Yen 25 million
Major shareholders (%)
Kazumi Asami (50)
No. of shareholders:
7
Nothing detrimental is known as to the commercial morality
of executives.
OPERATION
Activities: Certified measurer (100%)
Clients
[Ministries, electric powers, laboratories] National
Institute of Advanced Industrial Science & Technology, Central Research
Institute of Electric Power Industry, Tokyo Electric Power, Ministry of
Education, Culture, Sports, Science and Technology, Ministry of Economy, Trade
and Industry, other.
No. of accounts
300
Domestic areas of activities
Nationwide
Suppliers
[Mfrs] Beta Corp, other.
Payment record
Regular
Location
Business area in Nagoya.
Office premises at the caption address are leased and maintained
satisfactorily.
Bank References
MUFG (Hirano)
Relations: Satisfactory.
FINANCES
(In Million Yen)
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Terms Ending: |
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31/08/2007 |
31/08/2006 |
31/08/2005 |
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Annual
Sales |
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230 |
220 |
225 |
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Recur.
Profit |
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.. |
.. |
.. |
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Net
Profit |
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3 |
3 |
3 |
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Total
Assets |
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N/A |
N/A |
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Net
Worth |
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86 |
83 |
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Capital,
Paid-Up |
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25 |
25 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
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S.Growth Rate |
4.55 |
-2.22 |
0.45 |
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Current Ratio |
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.. |
.. |
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N.Worth Ratio |
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.. |
.. |
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N.Profit/Sales |
1.30 |
1.36 |
1.33 |
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Note: Financials are only partially disclosed.
Forecast (or estimated) for the 31/08/2007 fiscal term.
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
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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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)
PRIVATE & CONFIDENTIAL : This information
is provided to you at your request, you having employed MIPL for such purpose.
You will use the information as aid only in determining the propriety of giving
credit and generally as an aid to your business and for no other purpose. You
will hold the information in strict confidence, and shall not reveal it or make
it known to the subject persons, firms or corporations or to any other. MIPL
does not warrant the correctness of the information as you hold it free of any
liability whatsoever. You will be liable to and indemnify MIPL for any loss,
damage or expense, occasioned by your breach or non observance of any one, or
more of these conditions