MIRA INFORM REPORT

 

 

Report Date :           

28.03.2012

 

IDENTIFICATION DETAILS

 

Correct Name :

CHIKYU KAGAKU KENKYUSHO INC

 

 

Registered Office :

1-608 Ueda-Honmachi Tempakuku Nagoya 468-0703

 

 

Country :

Japan

 

 

Financials (as on) :

31.08.2011

 

 

Date of Incorporation :

May 1988

 

 

Com. Reg. No.:

(Nagoya-Tempakuku) 023869

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Geo-Science Laboratory

 

 

No. of Employees :

07

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

Yen 4.8 Million

 

 

Status :

Small Company 

 

 

Payment Behaviour :

No Complaints

 

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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

 

CHIKYU KAGAKU KENKYUSHO INC  (Chikyu Kagaku means Geo-Science)

 

 

REGD NAME

 

Chikyu Kagaku Kenkyusho KK

 

 

MAIN OFFICE

 

1-608 Ueda-Honmachi Tempakuku Nagoya 468-0703 JAPAN

 

Tel: 052-802-0703     Fax: 052-805-6383

 

URL:                 http://www./geolb.co.jp

E-Mail address:            geoinfo@geolab.co.jp

 

 

ACTIVITIES

 

Geo-Science Laboratory

 

 

BRANCHES

 

Nil

 

 

OFFICER(S)

 

KAZUMI ASAI, PRES                             Yuji Katoh, dir

Isao Kijima, dir                                       Kazuhiro Hasegawa, dir

Sumihisa Matsuyama, dir                       Kazuyoshi Asai, dir

 

Yen Amount:     In million Yen, unless otherwise stated

 

SUMMARY    

 

FINANCES        FAIR                                         A/SALES          Yen 180 M

PAYMENTS      No Complaints                      CAPITAL           Yen 25 M

TREND                                                 SLOW              WORTH            Yen 56 M

STARTED                                                         1988                 EMPLOYES      7

 

 

COMMENT

 

GEO-SCIENCE LABORATORY. 

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

                       

MAX CREDIT LIMIT: YEN 4.8 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 geo-science laboratory examining atmosphere measurement, water examination and other ecological research.  Clients are government agencies, electric power companies, other, nationwide.

 

 

FINANCIAL INFORMATION

 

Financials are only partially disclosed.

 

The sales volume for Aug/2011 fiscal term amounted to Yen 180 million, a similar amount in the previous term.  The net profit was posted at Yen 1 million, similarly in the previous term.

 

For the current term ending Aug 2012 the net profit is projected at Yen 2 million, on an 11% rise in turnover, to Yen 200 million.  Researches on ecology and environment will increase, particularly after the East Japan Earthquake, says the firm.

 

The financial situation is considered FAIR and good for ORDINARY business engagements.  Max credit limit is estimated at Yen 4.8 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:  May 1988

Regd No.:         (Nagoya-Tempakuku) 023869

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         2,000 shares

Issued:                500 shares

Sum:                   Yen 25 million

Major shareholders (%): Kazumi Asai & executives (--100)

No. of shareholders: 7

 

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

 

 

OPERATION

 

Activities: Geo-Science Laboratory: atmosphere measurement, water examination, research by age of active fault, geologic stratus, other (--100%).

 

Clients: [Governments, electric powers] Ministry of Education, Culture, Sports, Science & Technology, Ministry of Economy, Trade & Industry, Tokyo Electric Power, Yamaha Corp, Science & Technology Agency, Central Research Institute of Electric Power Industry, Advanced Industrial Science & Technology, National Council of Prefectural Boards of Education, other

            No. of accounts: 500

            Domestic areas of activities: Nationwide

 

Suppliers: [Laboratories] Alpha-Beta, other.

 

Payment record: No Complaints

 

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

 

Bank References:

MUFG (Nagoya)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

Terms Ending:

　

31/08/2012

31/08/2011

31/08/2010

31/08/2009

Annual Sales

　

200

180

180

181

Recur. Profit

　

　

　

　

　

Net Profit

　

2

1

1

1

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

56

55

54

Capital, Paid-Up

　

　

25

25

25

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

11.11

0.00

-0.55

-9.50

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

1.00

0.56

0.56

0.55

 

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 31/08/2012 fiscal term. 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.91

UK Pound

1

Rs.81.27

Euro

1

Rs.67.99

 

 

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.