MIRA
INFORM REPORT
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Report Date : |
06.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
BRIDGE CAPITAL SECURITIES CO LTD |
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Registered Office : |
Oriken Gobancho Bldg 7F, 5-5 Gobancho Chiyodaku Tokyo 102-0076 |
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Country : |
Japan |
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Date of Incorporation : |
Jul 2004 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Securities business, investment
advisor |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
Yen 22.4millions |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
name
BRIDGE CAPITAL SECURITIES CO LTD
REGD NAME
Bridge Capital Shoken KK
MAIN OFFICE
Oriken Gobancho Bldg 7F, 5-5 Gobancho Chiyodaku Tokyo 102-0076 JAPAN
Tel : 03-5210-2761
Fax : 03-5210-2763
URL : N/A
ACTIVITIES
Securities business, investment advisor
LICENSE
FSA (Securities) No. 232, granted 17/02/2005.
BRANCHES
Nil
OFFICERS
TAKASHI YABUUCHI, PRES Shinji
Yamada, dir
Ken Shibusawa, dir Yoshiki
Watanabe, dir
Yen Amount: In
million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 130 M
PAYMENTS REGULAR CAPITAL Yen 100 M*
TREND STEADY WORTH Yen 115 M
STARTED 2004 EMPLOYES 16
*.. Capital increased to Yen 150 million on 25/07/2006.
COMMENT
SECURITIES
BUSINESS & INVESTMENT ADVISOR.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR PROPER BUSINESS
ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 22.4 MILLION, 30 DAYS NORMAL
TERMS. .
HIGHLIGHTS
The subject company was established by Takashi Yabuuchi in
order to make most of his experience in the securities business. This is by nature securities firm with
investment advisory function being mainstay.
Not a member of the Tokyo Stock Exchange. Business is seen growing steadily.
FINANCIAL INFORMATION
Financials
are disclosed in digest form, as follows.
The sales volume for Mar/2006 fiscal term amounted to Yen 130 million, huge jump from Yen 5 million for the initial accounting term for 9 months. The net profit was reported at Yen 20 million.
For the term just ended Mar 2007 the net profit was projected
and believed posted at Yen75 million, on a 285% rise in turnover, to Yen 500
million. Business is seen expanding,
with staff increased to 16.
The financial situation is considered maintained FAIR and good
for PROPER business engagements. Max
credit limit is estimated at Yen 22.4 million, on 30 days normal terms.
REGISTRATION
Date Registered: Jul
2004
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 8,000
shares
Issued: 2,000
shares
Sum: Yen
100 million
Major shareholders (%): Takashi
Yabuuchi (33), Shinji Yamada (30)
No. of shareholders: 7
Nothing detrimental is known as to the commercial morality
of executives.
OPERATION
Activities: Securities business with investment advisory
function (--100%).
Licensed by Tokyo FSA No.232, granted 17/08/2005.
Clients: Investors both at home & abroad
No. of accounts: Unavailable
Domestic areas of activities: Nationwide
Payment record: Regular
Location: Business area in Tokyo. Office premises at the caption address are leased and maintained
satisfactorily.
Bank References
MUFG (Nihombashi)
Relations: Money deposits and transfers only.
FINANCES
(In Million Yen)
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Terms Ending: |
31/03/2007 |
31/03/2006 |
31/03/2005 |
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Annual
Sales |
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500 |
130 |
5 |
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Recur.
Profit |
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Net
Profit |
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75 |
20 |
0 |
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Total
Assets |
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150 |
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Current
Assets |
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81 |
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Current
Liabs |
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35 |
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Net
Worth |
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115 |
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Capital,
Paid-Up |
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100 |
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Div.P.Share(¥) |
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0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
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S.Growth Rate |
284.62 |
2,500.00 |
.. |
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Current Ratio |
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231.43 |
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N.Worth Ratio |
.. |
76.67 |
.. |
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R.Profit/Sales |
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.. |
.. |
.. |
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N.Profit/Sales |
15.00 |
15.38 |
0.00 |
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Return On Equity |
.. |
17.39 |
.. |
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Note: Forecast (or estimated) for the 31/03/2007 fiscal
term.
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
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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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)