MIRA
INFORM REPORT
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Report Date : |
01.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
JAPAN INVESTMENT TRUST MANAGEMENT CO LTD |
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Registered Office : |
Grand Bldg, 2-26-9 Hatchobori Chuoku Tokyo 104-0032 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
October 1964 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Investment Fund Management |
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 497.7 Million |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name of the company
JAPAN INVESTMENT TRUST MANAGEMENT CO LTD
REGD NAME
Nippon Toshin Itaku KK
MAIN OFFICE
Grand Bldg, 2-26-9 Hatchobori Chuoku Tokyo 104-0032 JAPAN
Tel: 03-3555-3123
URL
E-Mail address
ACTIVITIES
Investment fund management
LICENSE
KANTO FSA #370
BRANCHES
Nil
OFFICER(S)
TOSHIYUKI YOSHINO, PRES
Ryuichi Endoh, s/mgn dir
Yoshiyuki Miyake, mgn dir
Kuniaki Fujimoto, dir
Yoshinari Morimoto, dir
Yuji Kuroki, dir
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 7,628 M
PAYMENTS REGULAR CAPITAL Yen 1,000 M
TREND STEADY WORTH Yen 9,941 M
STARTED 1964 EMPLOYES 36
COMMENT
INVESTMENT FUND MANAGER, OWNED BY OKASAN HOLDINGS INC.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT
YEN 497.7 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
This
is an investment & asset fund management company under Okasan Holdings Inc
group. It carries investment fund
management for Okasan Securities and other group security firms. Licensed by Kanto FSA #370.
Operation funds as reported by the
firm are:
End 2004: Yen 483.6 million;
End 2005: Yen 719.1 million;
End 2006: Yen 901.5 million;
End 2007: Yen 953.7 million.
FINANCIAL INFORMATION
The
sales volume for Mar/2007 fiscal term amounted to Yen 7,628 million, a 37% hike
from Yen 5,578 million in the previous term.
The recurring profit was posted at Yen 1,014 million and the net profit
at Yen 616 million, respectively, compared with Yen 622 million recurring
profit and Yen 254 million net profit, respectively, a year ago.
For
the current term ending Mar 2008 the recurring profit is projected at Yen 1,300
million and the net profit at Yen 800 million, respectively, on a 30% rise in
turnover, to Yen 9,900 million. The
firm revealed these figures after having reviewed results until Dec 2007.
The
financial situation is considered FAIR and good for ORDINARY business
engagements. Max credit limit is
estimated at Yen 497.7 million, on 30 days normal terms.
REGISTRATION
Date Registered: Oct 1964
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 2
million shares
Issued: 2
million shares
Sum: Yen
1,000 million
Major shareholders (%)
Okasan Kogyo*(13), Okasan
Holdings Inc (7)
No. of shareholders: 35
* Okasan Holdings Inc, founded
1944, listed Tokyo, Osaka, Nagoya S/E’s, capital Yen 18,589 million, turnover
Yen 70,050 million, operating profit Yen 13,438 million, recurring profit Yen
14,234 million, net profit Yen 4,730 million, total assets Yen 683,088 million,
net worth Yen 107,759 million, employees 2,966, pres Tetsuo Kato
Nothing detrimental is known as to the commercial morality
of executives.
OPERATION
Activities: Investment & asset management (including
privately-offered bonds) (100%).
Kanto FSA License #370
Clients
[Security firms, investors]
Okasan Securities, Marufuku Securities, etc
No. of accounts
Limited to group firms
Domestic areas of activities
Nationwide
Suppliers
Spot markets
Payment record
Regular
Location
Business
area in Tokyo. Office premises at the
caption address are leased and maintained satisfactorily.
Bank References
Resona Bank (Nihombashi)
MUFG (Shintomicho)
Relations: Satisfactory
FINANCES: (In Million Yen)
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Terms Ending: |
31/03/2008 |
31/03/2007 |
31/03/2006 |
31/03/2005 |
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Annual Sales |
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9,900 |
7,628 |
5,578 |
3,725 |
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Recur. Profit |
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1,300 |
1,014 |
622 |
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Net Profit |
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800 |
616 |
354 |
166 |
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Total Assets |
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11,534 |
11,697 |
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Current Assets |
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7,114 |
5,607 |
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Current Liabs |
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1,026 |
773 |
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Net Worth |
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9,941 |
9,976 |
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Capital, Paid-Up |
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1,000 |
1,000 |
1,000 |
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Div.P.Share(¥) |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
29.79 |
36.75 |
49.74 |
46.94 |
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Current Ratio |
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.. |
693.37 |
725.36 |
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N.Worth Ratio |
.. |
86.19 |
85.29 |
.. |
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R.Profit/Sales |
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13.13 |
13.29 |
11.15 |
.. |
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N.Profit/Sales |
8.08 |
8.08 |
6.35 |
4.46 |
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Return On Equity |
.. |
6.20 |
3.55 |
.. |
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Notes: Forecast (or estimated) figures for the 31/03/2008
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%)