MIRA INFORM REPORT
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Report Date : |
29.03.2011 |
IDENTIFICATION DETAILS
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Name : |
HEIWA NAKAJIMA FOUNDATION |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.03.2010 |
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Date of Incorporation : |
March 1992 |
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Com. Reg. No.: |
(Tokyo-Minatoku) 000793 |
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Legal Form : |
Foundation (Non-Profit Organization) |
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Line of Business : |
Foundation offering scholarship to students |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
Yen 32.6 Million |
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Status : |
Moderate |
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Payment
Behaviour : |
Regular |
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Litigation : |
---- |
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 – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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a1 |
a1 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name
HEIWA NAKAJIMA FOUNDATION
REGD NAME
Heiwa Nakajima
Zaidan Foundation
MAIN OFFICE
Tel: 03-5570-5261 Fax: 03-5570-5421
URL: www.heiwanakajimazaidan.jp
E-mail: info@heiwanakajimazaidan.jp
ACTIVITIES
Foundation
offering scholarship to students
BRANCHES
Nil
OFFICER(S)
JUN
NAKAJIMA, PRES Kenkichi
Nakajima, ch
Tetsuo
Kaneko, mgn dir Hiroshi
Maeda, dir
Hiroshi
Ueki, dir Haruo
Nishihara, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 497 M
PAYMENTS REGULAR CAPITAL -
- -
TREND SLOW WORTH Yen
28,006 M
STARTED 1992 EMPLOYES 9
COMMENT
FOUNDATION GRANDING SCHOLARSHIP TO FOREIGN & JAPANESE STUDENTS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR PROPER BUSINESS ENGAGEMENTS
MAX CREDIT LIMIT: YEN 32.6 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company
was established by Nakashima Holdings as a Foundation to grant scholarship to
Japanese students studying overseas and foreign students studying in
FINANCIAL INFORMATION
The sales volume for
Mar/2010 fiscal term amounted to Yen 497 million, a 48% down from Yen 953 million
in the previous term, as affected by the global economic downturn. The number of students decreased both at home
& overseas. The operations plunged
into the red to register Yen 345 million net losses for the term, compared with
Yen 146 million net profit a year ago. .
For the current term
ending Mar 2011 the net profit is projected at Yen 50 million, on a 12% rise in
turnover, to Yen 560 million.
The financial
situation is considered FAIR and good for PROPER business engagements. Max credit limit is estimated at Yen 32.6
million, on 30 days normal terms.
REGISTRATION
Date Registered: Mar
1992
Regd No.: (Tokyo-Minatoku)
000793
Legal Status: Foundation (Non-Profit Organization)
Net Worth: Yen 28,006.00
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Foundation offering scholarship to Japanese students studying
overseas and foreign students studying in
Payment record: Regular
Location: Business area in
Bank References:
MUFG
(Toranomon)
Relations:
Money deposits & transfers only
FINANCES
(In Million Yen)
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Terms Ending: |
31/03/2011 |
31/03/2010 |
31/03/2009 |
31/03/2008 |
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Annual
Sales |
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560 |
497 |
953 |
727 |
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Recur.
Profit |
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Net
Profit |
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50 |
-345 |
146 |
-111 |
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Total
Assets |
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28,031 |
28,375 |
30,504 |
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Current
Assets |
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7,045 |
536 |
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Current
Liabs |
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10,016 |
9,971 |
3,786 |
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Net
Worth |
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28,006 |
28,352 |
30,504 |
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Capital,
Paid-Up |
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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 |
12.68 |
-47.85 |
31.09 |
-52.79 |
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Current Ratio |
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.. |
.. |
70.65 |
14.16 |
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N.Worth Ratio |
.. |
99.91 |
99.92 |
100.00 |
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R.Profit/Sales |
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.. |
.. |
.. |
.. |
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N.Profit/Sales |
8.93 |
-69.42 |
15.32 |
-15.27 |
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Return On Equity |
.. |
-1.23 |
0.51 |
-0.36 |
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Notes:
Forecast (or estimated) figures for the 31/03/2011 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.78 |
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1 |
Rs.71.64 |
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Euro |
1 |
Rs.62.96 |
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 |
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 |
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.