MIRA INFORM REPORT
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Report Date : |
29.03.2011 |
IDENTIFICATION DETAILS
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Name : |
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 : |
November 2000 |
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Com. Reg. No.: |
(Tokyo-Minatoku) 002729 |
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Legal Form : |
Non-Profit Organization |
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Line of Business : |
Scholarship foundation for students studying overseas |
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 12.8 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
NAKAJIMA FOUNDATION
REGD NAME
Nakajima Kinen
Kokusai Koryu Zaidan Foundation
MAIN OFFICE
Tel:
03-5770-8210 Fax: 03-5770-8211
E-mail: info@nakajimafound.or.jp
ACTIVITIES
Scholarship
foundation for students studying overseas
BRANCHES
Nil
OFFICER(S)
YOICHI
TESHIMA, PRES Kazuko
Nakajima, mgn dir
Kazuyoshi
Horie, mgn dir Masaki
Sakurai, dir
Shin’ichi
Sugawara, dir Kenji Tomioka, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 520 M
PAYMENTS REGULAR CAPITAL -
- -
TREND SLOW WORTH Yen
23,167 M
STARTED 2000 EMPLOYES 5
COMMENT
SCHOLARSHIP
FOUNDATION.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
MAX
CREDIT LIMIT: YEN 12.8 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Nakashima Holdings as
a non-profit foundation for granting scholarship & assistance to students
studying overseas.
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Mar/2010 fiscal term amounted to Yen
520 million, a 16% down from Yen 621 million in the previous term. The number of target students declined. The net profit was posted at Yen 49 million,
compared with Yen 217 million a year ago.
.
For the current term ending Mar 2011 the net profit is
projected at Yen 50 million, on a 6% rise in turnover, to Yen 550 million.
The financial situation is considered FAIR and good for
ORDINARY business engagements. Max
credit limit is estimated at Yen 12.8 million, on 30 days normal terms.
REGISTRATION
Date Registered: Nov
2000
Regd No.: (Tokyo-Minatoku)
002729
Legal Status: Non-Profit Organization
Net worth: Yen
23,167.00
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Non-Profit organization
for granting scholarship to students studying overseas (--100%).
Payment record: Regular
Location: Business area in
FINANCES
(In Million Yen)
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Terms Ending: |
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31/03/2011 |
31/03/2010 |
31/03/2009 |
31/03/2008 |
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Annual
Sales |
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550 |
520 |
621 |
350 |
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Recur.
Profit |
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Net
Profit |
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50 |
49 |
217 |
-26 |
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Total
Assets |
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N/A |
23,141 |
22,874 |
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Net
Worth |
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23,167 |
23,133 |
22,865 |
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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 |
5.77 |
-16.26 |
77.43 |
-38.49 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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.. |
99.97 |
99.96 |
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N.Profit/Sales |
9.09 |
9.42 |
34.94 |
-7.43 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 30/09/2011 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.