MIRA
INFORM REPORT
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Report Date : |
01.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
MEIJI DRESDNER ASSET MANAGEMENT CO LTD |
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Registered Office : |
Paracio Tower, 3-6-7 Kitaaoyama Minatoku Tokyo 107-0071 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
November 1986 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Investment Advisory; 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 265.8 Million |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name of the company
MEIJI DRESDNER ASSET MANAGEMENT CO LTD
REGD NAME
Meiji Dresdner Asset Management KK
MAIN OFFICE
Paracio Tower, 3-6-7 Kitaaoyama Minatoku Tokyo 107-0071 JAPAN
Tel: 033-5469-3700
URL
E-Mail address
(Thru the URL)
ACTIVITIES
Investment advisory; investment fund management
LICENSE
Kanto FSA #405
OFFICER(S)
YUTAKA ANDOH, PRES
Yasunori Utsumi, dir
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 4,656 M
PAYMENTS REGULAR CAPITAL Yen 1,000 M
TREND STEADY WORTH Yen 6,071 M
STARTED 1986 EMPLOYES 114
COMMENT
INVESTMENT ADVISOR; INVESTMENT FUND MANAGER, AFFILIATED TO
MEIJI YASUDA LIFE INS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR
ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT
YEN 265.8 MILLION, 30 DAYS
NORMAL TERMS
HIGHLIGHTS
The subject
company was established as a JV between Meiji Investment Advisor and Dresdner
RCM Investment Advisor, Germany. This
is an investment advisor and investment asset fund manager, licensed Kanto FSA
#405.
Investment
funds as of Sept/2007, as reported by the firm are:
Investment
advisor: Yen 2,486,500 million;
Investment
trust fund: Yen 421,300 million
(includes Yen 116,400 million
privately-offered bonds).
FINANCIAL INFORMATION
The
sales volume for Mar/2007 fiscal term amounted to Yen 4,656 million, a 14%
sharp rise from Yen 4,087 million in the previous term. The recurring profit was posted at Yen 568
million and the net profit at Yen 329 million, respectively, compared with Yen
574 million recurring profit and Yen 335 million net profit, respectively, a
year earlier.
For
the current term ending Mar 2008 the recurring profit is projected at Yen 620
million and the net profit at Yen 335 million, respectively, on a 10% rise in
turnover, to Yen 5,100 million.
The
financial situation is considered FAIR and good for ORDINARY business
engagements. Max credit limit is
estimated at Yen 265.8 million, on 30 days normal terms.
REGISTRATION
Date Registered: Nov 1986
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 12,000
shares
Issued: 12,000
shares
Sum: Yen
1,000 million
Major shareholders (%)
Meiji Yasuda Life Ins*(90), Allianz Global Investors Asia
Pacific
GmbH (10)
No. of shareholders: 2
* Meiji Yasuda Life Ins, life insurance
company born by merger of Meiji Life Ins and Yasuda Life Ins, founded 1947,
revenue Yen 1,783,500 million (total 11,161,000 contracts), total assets Yen
26,797,211 million, net assets Yen 2,916,780 million, employees 39,776, pres
Kenji Matsuo
Nothing detrimental is known as to the commercial morality
of executives.
OPERATION
Activities: Investment advisor (53%), investment trust funds
manager (47%).
Licensed by Kanto FSA #405.
Clients
Business firms, investors, other
No. of accounts
Unavailable
Domestic areas of activities
Nationwide
Suppliers
Stock markets, investors, other
Payment record
Regular
Location
Business
area in Tokyo. Office premises at the
caption address are leased and maintained satisfactorily.
Bank References
MUFG (H/O)
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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5,100 |
4,656 |
4,087 |
3,621 |
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Recur. Profit |
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620 |
568 |
574 |
530 |
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Net Profit |
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360 |
329 |
335 |
301 |
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Total Assets |
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6,796 |
4,087 |
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Current Assets |
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6,327 |
6,028 |
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Current Liabs |
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643 |
539 |
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Net Worth |
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6,071 |
5,876 |
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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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0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
9.54 |
13.92 |
12.87 |
-6.05 |
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Current Ratio |
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.. |
983.98 |
1,118.37 |
.. |
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N.Worth Ratio |
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89.33 |
143.77 |
.. |
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R.Profit/Sales |
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12.16 |
12.20 |
14.04 |
14.64 |
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N.Profit/Sales |
7.06 |
7.07 |
8.20 |
8.31 |
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Return On Equity |
.. |
5.42 |
5.70 |
.. |
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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%)