MIRA
INFORM REPORT
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Report Date : |
20.03.2008 |
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 |
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Country : |
Japan |
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Financials (as on) : |
31.08.2007 |
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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; Geo Science Laboratory |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
YEN 4.2 Million |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
name & address
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; geo science laboratory
LICENSE
Measurement business license No.479 granted from Aichi-Pref
governor.
BRANCHES
Abiko (laboratory)
OFFICERS
KAZUMI ASAI, PRES
Yuji Katoh, dir
Isao Motojima, s/mgn dir
Kazuhiro Hasegawa, dir
Sumihisa Matsuyama, dir
Kazuyoshi Asai, dir
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 230 M
PAYMENTS REGULAR CAPITAL Yen 25 M
TREND STEADY WORTH Yen 87 M
STARTED 1988 EMPLOYES 8
COMMENT
CERTIFIED
MEASURER.
FINANCIAL
SITUATION CONSIDERED FAIR AND GOOD FOR PROPER
BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT
YEN 4.2 MILLION, 30 DAYS NORMAL
TERMS. .
HIGHLIGHTS
The subject company was established by Kazumi Asai 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/2007 fiscal term amounted to Yen 230 million, a 5% up from Yen 220 million in the previous term. The profits worsened due to rising costs of operations and posted Yen 1 million net profit, down from Yen 3 million a year ago.
For the current term ending Aug 2008 the net profit is projected at Yen 2 million, on a 4% rise in turnover, to Yen 240 million. Business is steady.
The financial situation is considered FAIR and good for PROPER business engagements. Max credit limit is estimated at Yen 4.2 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 Asai (50)
No. of shareholders: 7
Nothing detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Certified measurer, licensed #479 by Aichi-Pref Governor (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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31/08/2008 |
31/08/2007 |
31/08/2006 |
31/08/2005 |
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Annual
Sales |
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240 |
230 |
220 |
225 |
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Recur.
Profit |
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Net
Profit |
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2 |
1 |
3 |
3 |
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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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87 |
86 |
83 |
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Capital,
Paid-Up |
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25 |
25 |
25 |
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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 |
4.35 |
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 |
0.83 |
0.43 |
1.36 |
1.33 |
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Note: Financials are only partially disclosed.
Forecast (or estimated) for the 31/08/2008 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%)