MIRA INFORM REPORT

 

 

Report Date :

21.06.2012

 

IDENTIFICATION DETAILS

 

Name :

SI UK EDUCATION COUNCIL

 

 

Registered Office :

305 Kikugetsu Bldg, 2-17-4 Takadanobaba Shinjukuku Tokyo 159-0075

 

 

Country :

Japan

 

 

Financials (as on) :

30.11.2011

 

 

Date of Incorporation :

December  2006

 

 

Com. Reg. No.:

0111-01-043368 (Tokyo-Shinjukuku)

 

 

Legal Form :

Limited Company (Kabushiki Kaisha)

 

 

Line of Business :

Support of students “study abroad” in UK universities

 

 

No. of Employees :

5

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

Slow but Correct

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Japan

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

 

 

 

 

 

Company name and address

 

SI UK EDUCATION COUNCIL

REGD NAME:    KK Study International

MAIN OFFICE:  305 Kikugetsu Bldg, 2-17-4 Takadanobaba Shinjukuku Tokyo 159-0075 JAPAN

Tel: 03-5272-9143      Fax: 03-5272-9146

 

URL:                 http://www.ukeducation.jp

E-Mail address: Tokyo@ukeducation.jp

 

 

ACTIVITIES

 

Support of students “study abroad” in UK universities

 

BRANCHES

 

Osaka

 

 

OFFICERS

 

KOJI YAMAMOTO, PRES          Dwayne Gallagher, rep dir

Orion Judge, rep dir                    Vicki Smith, rep dir                   

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY

 

FINANCES        FAIR                                         A/SALES          Yen 16 M

PAYMENTS SLOW BUT CORRECT                    CAPITAL           Yen 3 M

TREND UP                                            WORTH            Yen 20 M

STARTED         2006                                         EMPLOYES      5

 

 

COMMENT

 

CONSULTANCY FOR STUDENTS IN UK UNIVERSITIES.

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

                       

                       

 

HIGHLIGHTS

           

            The subject company was established by SI UK Education Council as its marketing arm in Japan.  It provides free, independent guidance & support to international students applying to “study abroad” in UK universities.  With 8 offices worldwide sent 10,000 university applicants in 1911 from 90 countries.  The subject assists applicants in applying to UK educational institutions as mainline. 

 

 

FINANCIAL INFORMATION

           

            Financials are only partially disclosed for the 30/11/2011 fiscal term only.

 

The sales volume (on commission basis) for Nov/2011 fiscal term amounted to Yen 16 million, a 14% up from Yen 14 million in the previous term.  The net profit was posted at Yen 5 million, compared with Yen 3 million a year ago.

 

            For the current term ending Nov 2012 the net profit is projected at Yen 6 million, on a 13% rise in turnover, to Yen 18 million. 

 

The financial situation is considered maintained FAIR and good for ORDINARY business engagements. 

 

 

REGISTRATION

 

Date Registered:  Dec 2006

Regd No.:         0111-01-043368 (Tokyo-Shinjukuku)

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         240 shares

Issued:                60 shares

Sum:                   Yen 3 million

Major shareholders (%): SI UK Education Council, UK (100)

 

Nothing detrimental is known as to the commercial morality of executives.

 

 

OPERATION

           

Activities: Consultant: promotion, consultation and representative services for UK universities and other institutions; assisting applicants in applying to UK educational institutions; organizing events and seminars related to studying in UK; English language school; AIU Insurance agent; other (--100%)

 

Clients: Students, corporate members, other 

No. of accounts: Unavailable

Domestic areas of activities: Nationwide

Suppliers: [Council] SI UK Education Council, UK

 

Payment record: Slow but Correct

 

Location: Business area in Tokyo.  Office premises at the caption address are leased and maintained satisfactorily.

 

Bank References:

SMBC (Dojima)

Relations: Satisfactory

 

 

FINANCES

 (In Million Yen)

 

　

　

30/11/2012

30/11/2011

30/11/2010

30/11/2009

Annual Sales

　

18

16

14

13

Recur. Profit

　

　

　

　

　

Net Profit

　

6

5

3

2

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

20

15

12

Capital, Paid-Up

　

　

3

3

3

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

12.50

14.29

7.69

8.33

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

33.33

31.25

21.43

15.38

 

Notes: Financials are only partially disclosed.

Financials are disclosed only for the 30/11/2011 fiscal term, and other figures are all estimated.

Forecast (or estimated) figures for the 30/11/2012 fiscal term.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.86

UK Pound

1

Rs.87.93

Euro

1

Rs.70.88

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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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