MIRA
INFORM REPORT
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Report Date : |
03.07.2013 |
IDENTIFICATION DETAILS
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Name : |
PMI JAPAN CHAPTER |
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Registered Office : |
Center Bldg 3F, 3-15 Nihombashi-Nakasu Chuoku Tokyo 103-0008 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
March, 2005 |
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Com. Reg. No.: |
0110-03-000846 |
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Legal Form : |
General Incorporated Association |
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Line of Business : |
Project management |
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No. of Employees : |
13 |
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 2.1 million |
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Status : |
Small Company |
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Payment Behaviour : |
Slow but Correct |
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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, 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Japan |
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 |
japan - ECONOMIC OVERVIEW
In the years following World War II, government-industry
cooperation, a strong work ethic, mastery of high technology, and a
comparatively small defense allocation (1% of GDP) helped Japan develop a
technologically advanced economy. Two notable characteristics of the post-war
economy were the close interlocking structures of manufacturers, suppliers, and
distributors, known as keiretsu, and the guarantee of lifetime employment for a
substantial portion of the urban labor force. Both features are now eroding
under the dual pressures of global competition and domestic demographic change.
Japan's industrial sector is heavily dependent on imported raw materials and
fuels. A small agricultural sector is highly subsidized and protected, with
crop yields among the highest in the world. While self-sufficient in rice
production, Japan imports about 60% of its food on a caloric basis. For three
decades, overall real economic growth had been spectacular - a 10% average in
the 1960s, a 5% average in the 1970s, and a 4% average in the 1980s. Growth
slowed markedly in the 1990s, averaging just 1.7%, largely because of the after
effects of inefficient investment and an asset price bubble in the late 1980s
that required a protracted period of time for firms to reduce excess debt,
capital, and labor. Modest economic growth continued after 2000, but the
economy has fallen into recession three times since 2008. A sharp downturn in
business investment and global demand for Japan's exports in late 2008 pushed
Japan into recession. Government stimulus spending helped the economy recover
in late 2009 and 2010, but the economy contracted again in 2011 as the massive
9.0 magnitude earthquake and the ensuing tsunami in March disrupted
manufacturing. The economy has largely recovered in the two years since the
disaster, but reconstruction in the Tohoku region has been uneven.
Newly-elected Prime Minister Shinzo ABE has declared the economy his
government's top priority; he has pledged to reconsider his predecessor's plan
to permanently close nuclear power plants and is pursuing an economic
revitalization agenda of fiscal stimulus and regulatory reform and has said he
will press the Bank of Japan to loosen monetary policy. Measured on a
purchasing power parity (PPP) basis that adjusts for price differences, Japan
in 2012 stood as the fourth-largest economy in the world after second-place
China, which surpassed Japan in 2001, and third-place India, which edged out
Japan in 2012. The new government will continue a longstanding debate on
restructuring the economy and reining in Japan's huge government debt, which
exceeds 200% of GDP. Persistent deflation, reliance on exports to drive growth,
and an aging and shrinking population are other major long-term challenges for
the economy.
|
Source
: CIA |
Company name
PMI JAPAN CHAPTER
REGD NAME
Shadan Hojin PMI Nippon Shibu
MAIN OFFICE
Center Bldg 3F, 3-15 Nihombashi-Nakasu Chuoku Tokyo 103-0008 JAPAN
Tel: 03-5847-7301 Fax:
03-3664-9833
E-Mail address: info@pmi-japan.org
ACTIVITIES
Project management
BRANCHES
Osaka
OFFICERS
HIROTOSHI KAMBA, PRES
Yen Amount: In million Yen,
unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 120 M
PAYMENTS SLOW BUT CORRECT CAPITAL -
- -
TREND STEADY WORTH - - -
STARTED 2005 EMPLOYES 13
COMMENT
PROJECT MANAGEMENT.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR PROPER BUSINESS
ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 2.1 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established originally in 1998 as PMI (Tokyo)
Chapter in order to improve project management as well as a chapter functioning
PMI, and renamed to PMI Tokyo Chapter in 2005 when it obtained a status of
corporate body. This is a non-profit
organization, formed by its members, functioning as contact in Japan for the
outside world and contribute to improve Project Management and its function in
Japan, holding events, seminars, publishing, market research, other (See OPERATION for activities). Renamed as captioned in Jan 2009. PMI aims to act to improve public interest
independently as a corporate body which has characteristics of non-profit
organization. Members number 3,075 at
end of 2012.
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Dec/2012 fiscal term amounted to Yen 120 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 Dec 2013 the net profit is projected at Yen
1 million, on a 4% rise in turnover, to Yen 125 million.
The financial situation is considered FAIR and good for PROPER business
engagements. Max credit limit is
estimated at Yen 2.1 million, on 30 days normal terms.
REGISTRATION
Date Registered: Mar
2005
Regd No.: 0110-03-000846
(Tokyo-Shibuyaku)
Legal Status: General Incorporated Association (Ippan Shadan
Hojin)
Major shareholders
(%): Consists of membership
fees
No. of
shareholders: 3,075 (Members as
at end 2011)
Nothing detrimental is known as to the commercial morality of
executives.
OPERATION
Activities: Project
Management Institute (100%)
(Committees)
Mission Committee (propose a role
of PMIJ to board of members), Planning
Committee (propose plans of several activities and organize the activity
and monitor the results), Local Service
Committee (carry out plan and administration of services to the outside of
Metropolitan area), Translation
Publication Committee (translate and publish a book on PMI), Seminar Committee (plan and operate
several seminars), Information &
Publication Committee (renew and maintain homepage, public newsletter,
maintain membership database), Stakeholder
Committee (improve service to stakeholder (Corporate supporters and PMD)
and improve the merit of membership), International
Relations Committee (corporate with overseas organizations and introduce PM
knowledge), Education Committee (concentrate
[PM Graduate Education] and [PM Social Education], PM Terms Committee (publish and improve terms and notation for a
baseline of PM terms and notations, other
Clients: [Mfrs, wholesalers]
IBM Japan, NEC Corp, NTT Data, Microsoft Japan, Individuals, other
No. of accounts: 3,000
(about)
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] PMI Headquarters, membership companies, other
Payment record: Slow but Correct
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
SMBC (Nihombashi-Higashi)
Relations: Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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31/12/2013 |
31/12/2012 |
31/12/2011 |
31/12/2010 |
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Annual Sales |
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125 |
120 |
120 |
120 |
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Recur. Profit |
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.. |
.. |
.. |
.. |
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Net Profit |
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1 |
1 |
1 |
1 |
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Total Assets |
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N/A |
N/A |
N/A |
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Net Worth |
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Capital, Paid-Up |
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- - |
- - |
- - |
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Div.P.Share(¥) |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
4.17 |
0.00 |
0.00 |
0.00 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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.. |
.. |
.. |
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N.Profit/Sales |
0.80 |
0.83 |
0.83 |
0.83 |
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Notes: Financials are only partially disclosed. Capitals are not paid-in
Forecast (or estimated) figures for the 31/12/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.59.41 |
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|
1 |
Rs.90.38 |
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Euro |
1 |
Rs.77.61 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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 |
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NB |
New Business |
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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.