MIRA INFORM REPORT

Report Date :

03.08.2012

IDENTIFICATION DETAILS

Name :	UNIVERSITY OF THE RYUKYUS

Registered Office :	207 Sembaru Nishiharacho Nakagamigun Okinawa 903-0213

Country :	Japan

Date of Incorporation :	22.05.1950

Com. Reg. No.:	Not Available

Legal Form :	Educational Institution

Line of Business :	Subject is the westernmost national university of Japan and the largest public university in Okinawa-Pref

No. of Employees :	462 (Academic staff) 1,265 (Admin. Staff)

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear

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 – March 31^st, 2012

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Japan

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Company name

UNIVERSITY OF THE RYUKYUS

REGD NAME

Ryukyu Daigaku (Daigaku means University)

MAIN OFFICE

207 Sembaru Nishiharacho Nakagamigun Okinawa 903-0213 JAPAN

Tel: 098-895-8142

URL: http://www.u-ryukyu.co.jp

E-Mail address: webmaster@u-ryukyu.co.jp

FINDINGS

University of the Ryukyus, abbreviated to Ryudai, is a national university of Japan. It is located in the town of Nishihara on Okinawa Island in Okinawa Pref. There are also campuses in Nakagusuku and Ginowan. It is the westernmost national university of Japan and the largest public university in Okinawa-Pref. Since Ryudai boasts a large-scale medical school and many distinguished faculty members, it is recognized as the most prestigious university in Okinawa.

Established: May 22, 1950

President: Teruo Iwamasa

Academic staff: 462

Admin. Staff: 1,265

Students: 8,098

Undergraduates: 7,078

Postgraduates: 1,020

Doctoral Students: 278

Board of Executives:

TERUO IWAMASA, PRES; Yoshinaru Sato, v pres; Hajime Oshiro, v pres; Satoharu Niizato, v pres; Kaneo Shinkawa, v pres; Izumi Nishikawa, v pres

Faculties: Law & Letters; Tourism Sciences & Industrial Management; Education; Science; Medicine (Graduate School of Medicine); Engineering; Agriculture

International Exchange: International Student Center; International Affairs Section; President Office

History of Ryudai:

Under the auspices of the United States Civil Administration of the Ryukyu Islands, the University of the Ryukyus was founded, as a territorial university, on the site of the historic Shuri Castle in Naha on May 22, 1950. It was placed under the jurisdiction of the Government of the Ryukyu Islands in 1966. Ryudai became a Japanese national university on May 15, 1972, upon Okinawa’s return to Japan. The university had been situated on the site of the Shuri Castle in Naha, it had moved to its current locations during 1975 and 1984 in order for the revival of the castle. The university was a state-run university from 1972 until 2004, when it was reclassified as a ‘national university corporation’ under the Japanese government’s changes to the national university system.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.55.78
UK Pound	1	Rs.86.75
Euro	1	Rs.68.32

INFORMATION DETAILS

Report Prepared by :

MNL

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
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
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
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
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
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
----	NB	New Business	----

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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.