MIRA INFORM REPORT

 

 

Report Date :

22.11.2014

 

IDENTIFICATION DETAILS

 

Name :

\ABEAM CONSULTING LTD

 

 

Registered Office :

Marunouchi Eiraku Bldg 24F, 1-4-1 Marunouchi Chiyodaku Tokyo 100-0005

 

 

Country :

Japan

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

April,1981

 

 

Legal Form :

Limited Company (Kabushiki Kaisha)

 

 

Line of Business :

Consulting (Business & Management)

 

 

No. of Employees :

2,500

 

 

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

 

 

Maximum Credit Limit :

YEN 1,298.5 MILLION

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

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 – June 1, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

Japan

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

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. 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

Company Name and address

 

ABEAM CONSULTING LTD

 

REGD NAME:               Abeam Consulting KK

 

MAIN OFFICE:              Marunouchi Eiraku Bldg 24F, 1-4-1 Marunouchi Chiyodaku Tokyo 100-0005

JAPAN

                                                Tel: 03-6700-8800      Fax: 03-6700-8801

 

URL:                 http://www.abeam.com

E-Mail address:            (thru the URL)

 

 

ACTIVITIES

 

Consulting (business & management)

 

 

BRANCHES

 

21 locations in 12 worldwide countries

 

 

BUSINESS PARTNERS

 

58 locations in 28 countries worldwide

 

 

OFFICERS

 

TOSHINORI IWASAWA, PRES

Toshio Iwanori, rep dir               Yuzuru Noguchi, dir

Manabu Ooshita, dir                  Masaaki Suganuma, dir

                       

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY

 

FINANCES        FAIR                 A/SALES                      Yen 44,626 M

PAYMENTSREGULAR   CAPITAL                       Yen 6,200 M

TREND UP                    WORTH                        Yen 14,112 M   

STARTED         1981                 EMPLOYES                  2,500

 

 

COMMENT

 

BUSINESS & MANAGEMENT CONSULTANT, OWNED BY NEC CORP.

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

                       

MAX CREDIT LIMIT: ESTIMATED AT YEN 1,298.5 MILLION, ON 30 DAYS  NORMAL TERMS.

 

 

HIGHLIGHTS

           

The subject company was established by NEC Corp as a business and management consultant centering activities in Asian countries & areas.  Data using & IT solutions are known in this business and industry.  Clients include financial institutions, governments, makers, business firms, other, nationwide

 

 

FINANCIAL INFORMATION

           

The sales volume for Mar/2014 fiscal term amounted to Yen 44,626 million, an inch up from Yen 44,405 million in the previous term.  The recurring profit was posted at Yen 3,759 million and the net profit at Yen 1,844 million, respectively, compared with Yen 3,469 million recurring profit and Yen 1,954 million net profit, respectively, a year ago.

 

For the current term ending Mar 2015 the recurring profit is projected at Yen 3,800 million and the net profit at Yen 1,900 million, respectively, on a 3% rise in turnover, to Yen 46,000 million. 

 

The financial situation is considered FAIR and good for ORDINARY business engagements.  Max credit limit is estimated at Yen 1,298.5 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:                       Apr 1981

Legal Status:                            Limited Company (Kabushiki Kaisha)

Authorized:                  49.6 million shares

Issued:                         12.4 million shares

Sum:                            Yen 6,200 million

Major shareholders (%):           NEC Corp (99.9%

 

 *.. One of representative high-tech powerhouses, Tokyo, founded 1899, listed Tokyo S/E, capital Yen 397,199 million, turnover Yen 3,043,114 million, operating profit Yen 106,193 million, recurring profit Yen 69,152 million, net profit Yen 33,742 million, total assets Yen 2,378,790 million, net worth Yen 397,199 million, employees 100,914, pres Nobuhiro Endo

 

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

 

 

OPERATION

 

Activities: Management & business consultant, owned by NEC Corp (--100%)

 

Clients: [Mfrs, wholesalers] Governments, financial institutions, business firms, leasing companies, distribution industries, other 

No. of accounts: 300

Domestic areas of activities: Nationwide

 

Payment record: Regular

 

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

 

Bank References:

            Mizuho Bank (Toranomon)

            MUFG (Toranomon-Chuo)

            Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

       Terms Ending:

31/03/2015

31/03/2014

31/03/2013

31/03/2012

Annual Sales

　

46,000

44,626

44,405

36,819

Recur. Profit

　

3,800

3,759

3,469

-298

Net Profit

　

1,900

1,844

1,954

48

Total Assets

　

　

29,723

31,705

30,808

Current Assets

　

　

21,471

21,485

22,264

Current Liabs

　

　

10,471

15,999

16,652

Net Worth

　

　

14,112

12,267

10,314

Capital, Paid-Up

　

　

6,200

6,200

6,200

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

　

(%)

(%)

(%)

(%)

    S.Growth Rate

　

3.08

0.50

20.60

-6.94

    Current Ratio

　

..

205.05

134.29

133.70

    N.Worth Ratio

　

..

47.48

38.69

33.48

    R.Profit/Sales

　

8.26

8.42

7.81

-0.81

    N.Profit/Sales

　

4.13

4.13

4.40

0.13

    Return On Equity

　

..

13.07

15.93

0.47

 

Notes: Forecast (or estimated) figures for the 31/03/2015 fiscal term.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.85

UK Pound

1

Rs.97.01

Euro

1

Rs.77.62

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

NIT

 

               

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.