MIRA
INFORM REPORT
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Report Date : |
14th
February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
NIHON
INVESTMENT RESEARCH CO LTD |
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Registered Office : |
Surugadai
Sunrise Bldg 2F, 2-11-1 Kanda-Surugadai Chiyodaku Tokyo 101-0062, Japan |
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Country : |
Japan |
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Financials (as on) : |
31.03.2007
(Estimated) |
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Date of Incorporation : |
August
1999 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Investment advisory, licensed from FSA #871 |
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 6.1 Million |
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Status : |
Fair |
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Payment Behaviour : |
Usually
Correct |
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Litigation : |
Clear |
Company Name
NIHON
INVESTMENT RESEARCH CO LTD
REGD NAME
KK Nihon
Investment Research
MAIN OFFICE
Surugadai
Sunrise Bldg 2F, 2-11-1 Kanda-Surugadai Chiyodaku Tokyo 101-0062 JAPAN
Tel :
03-3291-6106
Fax : 03-3291-6900
URL : http://www.dainikaientai.co.jp
E-Mail address :
yasu@dainikaientai.co.jp
ACTIVITIES
Investment advisory
LICENSE
FSA #871
BRANCHES
Nil
OFFICERS
NOBUYOSHI SEKI, PRES Takao
Osawa, dir
Masahiko Inada, dir Yasuhiro
Sakamoto, dir
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 341 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND STEADY WORTH Yen 87 M
STARTED 1999 EMPLOYES 7
COMMENT
INVESTMENT ADVISORY.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR PROPER BUSINESS
ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 6.1 MILLION, 30 DAYS NORMAL TERMS. .
HIGHLIGHTS
The subject company was established by Daini Kaientai KK in order
to advance into investment advisory business.
Granted from FSA for this business by FSA registry No.871. Pres Kazuyoshi Seki, pen-name Takashi Asai,
and executives give lectures and advices on management of assets and
investment. All operations are based on
membership system. Members are reported
at 2,000 as of Dec/2005.
FINANCIAL INFORMATION
The turnover for Dec/2005 fiscal term amounted to Yen 341 million,
a 13% up from Yen 301 million in the previous term. Revenues consist of advisory fees: membership entry fees Yen
120,000, annual fees Yen 160,000 per person.
The net profit was posted at Yen 37 million, up from Yen 29 million.
For the term ended Dec 2006 the net profit is believed posted at
Yen 33 million, on an estimated turnover, at Yen 380 million. Full results have not been reported to the
FSA as yet.
The financial situation is considered FAIR and good for PROPER
business engagements. Max credit limit
is estimated at Yen 6.1 million, on 30 days normal terms.
REGISTRATION
Date Registered : Aug 1999
Legal Status :
Limited Company (Kabushiki Kaisha)
Authorized :
800 shares
Issued :
200 shares
Sum :
Yen 10 million
Major shareholders (%)
Daini Kaientai KK (100)
Nothing detrimental is known as to the commercial morality of
executives.
OPERATION
Activities: Investment advisory, licensed from FSA #871 (100%).
Clients
Members, investors, business firms, other
No. of accounts
Unavailable
Domestic areas of activities
Nationwide
Suppliers
Security firms, other.
Payment record
Regular
Location
Business area in Tokyo.
Office premises at the caption address are leased and maintained
satisfactorily.
Bank References
SMBC (Kanda)
MUFJ (Iidabashi)
Relations: Satisfactory.
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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380 |
341 |
301 |
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Recur.
Profit |
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52 |
66 |
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Net
Profit |
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33 |
29 |
37 |
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Total
Assets |
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315 |
249 |
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Current
Assets |
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226 |
176 |
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Current
Liabs |
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218 |
183 |
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Net
Worth |
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87 |
63 |
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Capital,
Paid-Up |
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10 |
10 |
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Div.P.Share(¥) |
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250.00
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<Analytical
Data> |
(%) |
(%) |
(%) |
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S.Growth Rate |
11.44
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13.29
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0.33 |
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Current Ratio |
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.. |
103.67
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96.17
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N.Worth Ratio |
.. |
27.62
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25.30
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R.Profit/Sales |
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.. |
15.25
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21.93
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N.Profit/Sales |
8.68 |
8.50 |
12.29
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Return On Equity |
.. |
33.33
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58.73
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Note: 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/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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