MIRA
INFORM REPORT
|
Report Date : |
28.12.2007 |
IDENTIFICATION
DETAILS
|
Name : |
RENAISSA CORP |
|
|
|
|
Registered Office : |
1-9-20 Awaza Nishiku Osaka 550-0011 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Date of Incorporation : |
Jun 1996 |
|
|
|
|
Legal Form : |
Private Limited Company (Yugen
Gaisha) |
|
|
|
|
Line of Business : |
Management of commercial building |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
Yen 0.5 million |
|
|
|
|
Status : |
Moderate |
name
RENAISSA CORP
REGD NAME
YK Renaissa Corporation
MAIN OFFICE
1-9-20 Awaza Nishiku Osaka 550-0011 JAPAN
Tel : 06-6531-1200
Fax : 06-6531-6067
URL : N/A
ACTIVITIES
Management of commercial building
BUILDING
Osaka
OFFICERS
Shigetaka Maio, ch
MITSUHIRO MAIO, PRES
Yen Amount: In
million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 2 M
PAYMENTS REGULAR CAPITAL Yen 3 M
TREND STEADY WORTH Yen
3 M
STARTED 1996 EMPLOYES 2
COMMENT
COMMERCIAL
BUILDING MANAGEMENT. FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 0.5 MILLION, 30 DAYS, RECOMMENDING
SECURED TERMS.
HIGHLIGHTS
The subject company was established by Shigetaka Maio in order
to make most of his experience in the subject line of business. Mitsuhiro is the founder’s son, who took the
office of pres in Dec 2007. This is a
manager of commercial building of about 330 sq/meter in Osaka owned by Maio
family. The business actually started
in 2005 as management of the building.
Has about 10 tenants.
FINANCIAL INFORMATION
The management revenues for Apr/2007 fiscal term amounted to Yen 2.5 million, a similar amount in the previous term, on a break-even profit basis, according to M Maio.
For the current term ending Apr 2008 the net profit is
projected at Yen 10 million, on a 300% rise in turnover, to Yen 10
million. Hike of rents and increased
number of tenants will contribute.
Business will be operated in full from this year, Mitsuhiro Maio
says.
The financial situation is considered FAIR and good for
ORDINARY business engagements. Max
credit limit is estimated at Yen 0.5 million, on 30 days terms, we recommending
fully secured terms due to the absence of proven business.
REGISTRATION
Date Registered: Jun
1996
Legal Status: Private
Limited Company (Yugen Gaisha)
Regd No.: 1299-02-023458
Regd Capital: Yen 3 million
Major shareholders (%): Shigetaka Maio, Mitsuhiro Maio, and
families (--100)
No. of shareholders: 5
Nothing detrimental is known as to the commercial morality
of executives.
OPERATION
Activities: Manager of commercial building owned by the Maio
family (--100%).
Clients: Tenants.
No. of accounts: About 10
Domestic areas of activities: Limited in Osaka
Suppliers: Mfrs, wholesalers, management companies, other.
Payment record: Regular
Location: Business area in Osaka. Office premises at the caption address are owned and maintained
satisfactorily.
Bank References
SMBC (Midosuji)
Relations: Satisfactory
FINANCES
(In Million Yen)
NOT MADE AVAILABLE.
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. 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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)