MIRA
INFORM REPORT
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Report Date : |
19.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
SYMPHONY FINANCIAL PARTNERS CO LTD |
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Registered Office : |
Yaesu Mitsui Bldg 8f, 2-7-2 Yaesu Chuoku Tokyo 104-0028 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
Aug 2000 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Investment Advisor |
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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Maximum Credit Limit : |
Yen 1.5 millions |
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Status : |
Moderate |
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Payment Behaviour : |
Regular |
name
SYMPHONY FINANCIAL PARTNERS CO LTD
REGD NAME
KK Symphony Financial Partners
MAIN OFFICE
Yaesu Mitsui Bldg 8f, 2-7-2 Yaesu Chuoku Tokyo 104-0028JAPAN
Tel : 03-5200-3051
Fax : 03-5200-3053
URL : N/A
ATIVITIES
Investment Advisor
LICENSE
Kanto FSA #1139 dated 15/May/2003
BRANCHES
Nil
OFFICERS
KAZUHIKO SHIBATA, PRES
Yen Amount: In
million Yen, unless otherwise stated
SUMMARY
FINANCES WEAK A/SALES Yen 295 M*
PAYMENTS REGULAR CAPITAL Yen
28 M
TREND STEADY WORTH Yen
5 M
STARTED 2000 EMPLOYES 8
*.. Figures as of Dec/2005 fiscal term
COMMENT
INVESTMENT ADVISOR. FINANCIAL SITUATION CONSIDERED WEAK BUT SHOULD BE GOOD FOR PROPER BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 1.5 MILLION, 30 DAYS NORMAL TERMS,
ASSESSED BY THE PROVEN BUSINESS RESULTS AS OF DEC/2005. WE RECOMMEND FULLY SECURED TERMS ON NEW
TRANSACTIONS.
HIGHLIGHTS
The subject company was established as investment advisor, 50%
owned by Ace Investment Management.
Licensed investment advisor, licensed Kanto FSA #1139 dated 15/May/2003,
operating in the greater-Tokyo area.
Actual business operations started as from May 2003. The firm does not disclose full management
and financials details except as outlined in this report, saying they are only
disclosed to the direct clients and governing authorities. Law changed as from Oct/2007 to the effect
that financials and business details are only filed with the FSA. Disclosure will be up to each investment
advisor. Up to then the FSA had
disclosed them to the public.
FINANCIAL INFORMATION
The sales volume for Dec/2005 fiscal term amounted to Yen 295 million, this being the first revenue yielded by the firm since starting the business. The operations incurred deficit of Yen 20 million recurring loss and Yen 20 million net losses, respectively, for the term. The net worth is Yen 5 million, Yen 23 million short of the paid-in capital.
For the term ended Dec 2006 the operations are said to come
back to profitability but still limited to a minimum amount post taxes, on a
70% rise in turnover, to Yen 500 million.
This is only guessed from conversation with the firm and not
verified. No other databases have any
pertaining figures.
The financial situation is considered WEAK but should be good
for PROPER business engagements. Max
credit limit is estimated, under the given limited information, at Yen 1.5
million, on 30 days terms, we recommending fully secured terms on new
transactions.
REGISTRATION
Date Registered: Aug
2000
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 560
shares
Issued: 560
shares
Sum: Yen
28 million
Major shareholders (%): Ace Investment Management (50)
No. of shareholders: Unavailable
Nothing detrimental is known as to the commercial morality
of executives.
OPERATION
Activities: Investment advisor, licensed Kanto FSA $1139
(100%).
Domestic areas of activities: Centered in greater-Tokyo
Payment record: Regular
Location: Business area in Tokyo. Office premises at the caption address are leased and maintained
satisfactorily.
Bank References
Local Bank (Not disclosed)
Relations: Money deposits & transfers only
FINANCES
(In Million Yen)
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Terms Ending: |
31/12/2006 |
31/12/2005 |
31/12/2004 |
31/12/2003 |
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Annual Sales |
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500 |
295 |
0 |
0 |
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Recur. Profit |
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-20 |
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Net Profit |
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0 |
-20 |
0 |
0 |
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Total Assets |
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97 |
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Current Assets |
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61 |
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Current Liabs |
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92 |
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Net Worth |
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5 |
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Capital, Paid-Up |
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28 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
69.49 |
.. |
.. |
.. |
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Current Ratio |
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66.30 |
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N.Worth Ratio |
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5.15 |
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.. |
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R.Profit/Sales |
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.. |
-6.78 |
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N.Profit/Sales |
0.00 |
-6.78 |
.. |
.. |
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Notes: Business operations started
as from 15/May/2003 when the firm was licensed from Kanto FSA.
Forecast (or estimated) for the 31/12/2006 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. |
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%)