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Report Date : |
01.07.2014 |
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 (Gakko Hojin) |
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Line of Business : |
Computer school operation, operating three schools in Kyoto |
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No. of Employees : |
100 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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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 31.5 million |
|
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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. Prime Minister Shinzo ABE has declared the economy his government's top priority; he has overturned his predecessor's plan to permanently close nuclear power plants and is pursuing an economic revitalization agenda of fiscal stimulus, monetary easing, and structural reform. Japan joined the Trans Pacific Partnership negotiations in 2013, a pact that would open Japan's economy to increased foreign competition and create new export opportunities for Japanese businesses. Measured on a purchasing power parity (PPP) basis that adjusts for price differences, Japan in 2013 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 is exceeding 230% of GDP. To help raise government revenue and reduce public debt, Japan decided in 2013 to gradually increase the consumption tax to a total of 10% by the year 2015. Japan is making progress on ending deflation due to a weaker yen and higher energy costs, but reliance on exports to drive growth and an aging, shrinking population pose other major long-term challenges for the economy.
|
Source
: CIA |
KYOTO SCHOOL OF
COMPUTER SCIENCE
REGD NAME: Educational Institution Kyoto Computer
Gakuen
MAIN OFFICE: 1 Jyodoji-Babacho Sakyoku Kyoto 606-8412 JAPAN
Tel:
075-762-2030
Fax: 076-761-0251
URL: http://www.kcg.ac.jp
E-Mail address: hello@kcg.ac.jp
Computer school operation
3 schools in Kyoto
AKIRA HASEGAWA, PRES
In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 1,298 M
PAYMENTS NO COMPLAINTS CAPITAL Yen
- - - M
TREND UP WORTH Yen 2,235 M
STARTED 1980 EMPLOYES 100
COMPUTER SCHOOL OPERATION.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 31.5 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 under Fundamentals of
Education Act and School Education Law, the firm operates three computer
schools in Kyoto. Not only computer
technologies but also stresses on educating information system and data
processing, etc.
The sales volume for Mar/2013 fiscal term amounted to Yen 1,298 million,
an 8% up from Yen 1,198 million in the previous term. The recurring profit was posted at Yen 144
million and the net profit at Yen 144 million, respectively, compared with Yen
52 million recurring profit and Yen 52 million net profit, respectively, a year
ago.
For the term that ended Mar 2014 the net profit was projected at Yen 155
million, on an 8% rise in turnover, to Yen 1,400 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 31.5 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 2,235 million at the end of Mar/2013
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
|
Terms Ending: |
31/03/2014 |
31/03/2013 |
31/03/2012 |
31/03/2011 |
|
|
Annual Sales |
|
1,400 |
1,298 |
1,198 |
1,110 |
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Recur. Profit |
|
|
144 |
52 |
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Net Profit |
|
155 |
144 |
52 |
-2,473 |
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Total Assets |
|
|
7,352 |
7,247 |
7,225 |
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Current Assets |
|
|
1,840 |
1,675 |
1,524 |
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Current Liabs |
|
|
1,460 |
1,425 |
1,220 |
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Net Worth |
|
|
2,235 |
2,091 |
2,039 |
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Capital, Paid-Up |
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|
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|
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Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
7.86 |
8.35 |
7.93 |
-0.89 |
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Current Ratio |
|
.. |
126.03 |
117.54 |
124.92 |
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N.Worth Ratio |
.. |
30.40 |
28.85 |
28.22 |
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R.Profit/Sales |
|
.. |
11.09 |
4.34 |
.. |
|
N.Profit/Sales |
11.07 |
11.09 |
4.34 |
-222.79 |
|
|
Return On Equity |
.. |
6.44 |
2.49 |
-121.28 |
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Notes: Capital is expressed by the net worth amount.
Forecast (or estimated) figures for the 31/03/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.09 |
|
|
1 |
Rs.102.33 |
|
Euro |
1 |
Rs.82.01 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NNA |
RATING EXPLANATIONS
|
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 |
|
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 |
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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 |
|
<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.