MIRA
INFORM REPORT
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Report Date : |
03.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
BLUESHIFT CONSULTING KK |
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Formerly Known As : |
YK BMSB |
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Registered Office : |
Kato Bldg 6F, 2-11-3 Iwamotocho Chiyodaku Tokyo 101-0032 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
September 1999 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Business Consultant, Marketing, Data Protection Services |
RATING &
COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
YEN 1.8 Million |
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Status : |
Moderate |
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Payment Behaviour : |
Regular |
name & address
BLUESHIFT CONSULTING KK (Formerly YK BMSB)
REGD NAME: KK Blueshift
MAIN OFFICE: Kato Bldg 6F, 2-11-3
Iwamotocho Chiyodaku Tokyo 101-0032 JAPAN
Tel:
03-5532-7315 Fax: 03-5532-7373
URL: http://www.dataprotection.jp/
E-Mail address:info@dataprotection.jp
ACTIVITIES
Business consultant, marketing, data protection services
BRANCHES
Nil
OFFICER(S)
B Raiko, rep dir
Andrew Anderson, rep dir
F Stuart, dir
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 95 M
PAYMENTS REGULAR CAPITAL Yen 3 M
TREND UP WORTH Yen 31 M
STARTED 1999 EMPLOYES 3
COMMENT
BUSINESS CONSULTANT.
FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE
GOOD FOR
PROPER BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT
YEN 1.8 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by B Raiko, American resident, and two other partners as business consultant. Originally named as YK BMSB and later changed the name as captioned, upgraded to Kabushiki Kaisha from Yugen Gaisha. This is a business consultant, offering market research, data protection services, overseas network security services and related.
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Dece/2007 fiscal term reportedly amounted to Yen 95 million, a 19% up from Yen 80 million in the previous term. The net profit remained similar at Yen 5 million. The firm does not disclose any further information.
For the current term ending Dec 2008 the net profit is projected at Yen 5 million, on a 5% rise in turnover, to Yen 100 million. Business is seen rising.
The financial situation is considered RATHER WEAK but should be good for PROPER business engagements. Max credit limit is estimated at Yen 1.8 million, on 30 days normal terms.
REGISTRATION
Date Registered: Sept 1999
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 240 shares
Issued: 60 shares
Sum: Yen 3 million
Major shareholders (%)
B Raiko (100)
Nothing detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Business consultant offering overseas network security services, data protection services, market research and the related (--100%).
Clients
[Data service firms, communications firms] Procela Networks, Tumbleweed Secure Transport, Equallogic Inc, Iron Mountain Inc, Cloudmark, Apple Identity, other.
No. of accounts
Unavailable
Domestic areas of activities
Centered in greater-Tokyo
Payment record
Regular
Location
Business area in Tokyo. Office premises at the caption address are leased and maintained satisfactorily.
Bank References
MUFG (Futago-Tamagawa)
Resona Bank (Akihabara)
Relations: Money deposits & transfers only
FINANCES: (In Million Yen)
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Terms Ending: |
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31/12/2008 |
31/12/2007 |
31/12/2006 |
31/12/2005 |
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Annual
Sales |
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100 |
95 |
80 |
80 |
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Recur.
Profit |
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Net
Profit |
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5 |
5 |
5 |
5 |
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Total
Assets |
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N/A |
N/A |
N/A |
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Net
Worth |
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31 |
26 |
21 |
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Capital,
Paid-Up |
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3 |
3 |
3 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
5.26 |
18.75 |
0.00 |
6.67 |
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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 |
5.00 |
5.26 |
6.25 |
6.25 |
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Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 31/12/2008 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. |
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%)