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Report Date : |
27.06.2013 |
IDENTIFICATION DETAILS
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Name : |
KYOTO SCHOOL OF COMPUTER SCIENCE |
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Registered Office : |
1 Jyodoji-Babacho Sakyoku Kyoto 606-8412 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2013 |
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Date of Incorporation : |
January 1980 |
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Com. Reg. No.: |
0300-05-004307 (Kyoto-Sakyoku) |
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Legal Form : |
Educational Institution |
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Line of Business : |
Computer School Operation |
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No. of Employees : |
100 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
Yen 20.7 Million |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
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 |
KYOTO SCHOOL OF COMPUTER SCIENCE
Educational
Institution Kyoto Computer Gakuen
1 Jyodoji-Babacho
Sakyoku Kyoto 606-8412 JAPAN
Tel: 075-762-2030 Fax: 076-761-0251
*.. The is one its three schools (Kyoto-Ekimaeko)
E-Mail
address: hello@kcg.ac.jp
Computer
school operation
3
schools in Kyoto
WATARU
HASEGAWA, PRES
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 1,198 M
PAYMENTSNo
Complaints CAPITAL Yen
- - - M
TREND SLOW WORTH Yen 2,091 M
STARTED 1980 EMPLOYES 100
COMPUTER SCHOOL OPERATION.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 20.7 MILLION, 30 DAYS NORMAL TERMS
The subject company was established originally in 1963 jointly by Shigeo Hasegawa and Yasuko Inoue as the first computer school in Japan. Incorporated in 1980, the firm operates three schools in Kyoto. Not only computer technologies but also stresses on educating information system and data processing, etc.
The sales volume for Mar/2012 fiscal term amounted to Yen 1,198 million, an 8% down from Yen 1,110 million in the previous term. The operations came back to profitability to post Yen 52 million net profit for the term, compared with Yen 2,473 million net losses a year ago.
For the term that ended Mar 2013 the net profit was projected at Yen 50 million, on a 3% rise ion turnover, to Yen 1,230 million. Final results are yet to be released.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 20.7 million, on 30 days normal terms.
Date Registered: Jan
1980
Regd No.: 0300-05-004307 (Kyoto-Sakyoku)
Legal Status:
Educational Institution (Gakko Hojin)
Net Worth: Yen 2,091 million at the end of
Mar/2012
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Computer school operation, operating
three schools in Kyoto (--100%)
Clients: [Mfrs, wholesalers] Student, business
men, other
No. of
accounts: Unavailable
Domestic
areas of activities: Centered in Kyoto-Pref
Suppliers: [Mfrs, wholesalers] Fujitsu Ltd, NEC
Corp, Toshiba Corp, IBM Japan, other
Payment record: No Complaints
Location:
Business area in Kyoto. Office premises
at the caption address are owned and maintained satisfactorily.
Bank References:
Resona
Bank (Kyoto)
Kyoto
Chuo Shinkin Bank (H/O)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/03/2013 |
31/03/2012 |
31/03/2011 |
31/03/2010 |
|
|
Annual
Sales |
|
1,230 |
1,198 |
1,110 |
1,120 |
|
Recur.
Profit |
|
|
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Net
Profit |
|
50 |
52 |
-2,473 |
13 |
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Total
Assets |
|
|
7,247 |
7,225 |
9,744 |
|
Current
Assets |
|
|
1,875 |
1,524 |
1,240 |
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Current
Liabs |
|
|
1,425 |
1,220 |
1,426 |
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Net
Worth |
|
|
2,091 |
2,039 |
4,512 |
|
Capital,
Paid-Up |
|
|
-
|
-
|
-
|
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
2.67 |
7.93 |
-0.89 |
-16.73 |
|
|
Current Ratio |
|
.. |
131.58 |
124.92 |
86.96 |
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N.Worth Ratio |
.. |
28.85 |
28.22 |
46.31 |
|
|
R.Profit/Sales |
|
.. |
.. |
.. |
.. |
|
N.Profit/Sales |
4.07 |
4.34 |
-222.79 |
1.16 |
|
|
Return On Equity |
.. |
2.49 |
-121.28 |
0.29 |
|
Notes:
Capital is expressed by the net worth amount.
Forecast
(or estimated) figures for the 31/03/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.85 |
|
UK Pound |
1 |
Rs.92.31 |
|
Euro |
1 |
Rs.78.23 |
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 |
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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 |
|
---- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.