MIRA
INFORM REPORT
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Report Date : |
24.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
ICHIGO ASSET MANAGEMENT |
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Registered Office : |
Italian Cultural Institute Bldg 3F, 2-1-30 Kudanminami Chiyodaku Tokyo
102-0074 |
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Country : |
Japan |
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Date of Incorporation : |
May 2006 |
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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 : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
Yen 1.4 millions |
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Status : |
New Company |
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Payment Behaviour : |
Regular |
name
ICHIGO ASSET MANAGEMENT
REGD NAME
Ichigo Asset Management KK
MAIN OFFICE
Italian Cultural Institute Bldg 3F, 2-1-30 Kudanminami Chiyodaku Tokyo
102-0074 JAPAN
Tel : 03-3230-1515
Fax : 03-3230-1515
URL : http://www.ichigoasset.com
E-mail :
ichigo@ichigoasset.com
ACTIVITIES
Investment advisor
LICENSE
FSA #011-01594
BRANCHES
Nil
OFFICERS
SCOTT CALLON, PRES
Yen Amount: In
million Yen, unless otherwise stated
SUMMARY
FINANCES UNDETD A/SALES Yen 97 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND UNDETD WORTH Yen 10 M*
STARTED 2006 EMPLOYES 3
* Expressed by the paid-in capital
COMMENT
INVESTMENT ADVISOR, LICENSED BY FSA #011-01594. FINANCIAL SITUATION NOT DETERMINED DUE TO
THE RECENT INCEPTION BUT SHOULD BE GOOD FOR PROPER BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 1.4 MILLION, 30 DAYS NORMAL
TERMS.
HIGHLIGHTS
The subject company was established by Ichigo Asset Management
International Pte Ltd, Singapore, represented by Navaid Fjaz Farooqi, as its
marketing base in Japan. Scott Callon,
ex managing director & head of equities at Morgan Stanley Japan is partner
and chief executive officer. Living in
Japan for 18 years, he speaks and writes fluent Japanese. He is also author of Divided Sun: MITI and the
Breakdown of Japanese High-Tech Industrial Policy (1975-1993). This is a new company and started its first
business operations by acquiring 10.96% stake in Tokyo Kohtetsu Co Ltd, steel
maker, Tokyo. The stake purchase
followed and in July 2007, the take-over stake was increased to 23.58%, as
reported. In July 2007, the firm acquired
20.72% stake in Nikki Co Ltd, specialized carburetor mfg, Kanagawa-Pref. In Aug 2007, acquired 7.08% stake in Patlite
Corp, mfr of specialized revolving lights & sirens for special-purpose
vehicles including police cars, Osaka.
Business is seen aggressively expanding.
FINANCIAL INFORMATION
The revenues for the initial fiscal term ended Mar/2007 is reported amounted to Yen 97 million, net profits reportedly posted at Yen 5 million.
Both the financial situation and business trends are not determined
due to the recent inception but should be good for PROPER business
engagements. Max credit limit is
estimated at Yen 1.4 million, on 30 days normal terms.
REGISTRATION
Date Registered: May
2006
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 800
shares
Issued: 200
shares
Sum: Yen
10 million
Major shareholders (%): Ichigo
Asset Management International Pte Ltd, Singapore (100)
Nothing detrimental is known as to the commercial morality
of executives.
OPERATION
Activities: Investment advisor, licensed by Kanto FSA
#011-01594, wholly owned by Ichigo Asset Management International Pte Ltd ,
Singapore (--100%).
Clients: Investors, individual customers, other.
No. of accounts: Unavailable
Domestic areas of activities: Centered in greater-Tokyo
Suppliers: Banks, securities firms, other.
Payment record: Regular
Location: Business area in Tokyo. Office premises at the caption address are leased and maintained
satisfactorily.
Bank References
Local Bank (Not available)
Relations: Money deposits & transfers only
FINANCES
(In Million Yen)
NOT MADE AVAILABLE YET
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%)