MIRA INFORM REPORT

 

 

Report Date :

28.02.2008

 

 

IDENTIFICATION DETAILS

 

Name :

SCHRODER INVESTMENT MANAGEMENT (JAPAN) LTD

 

 

Registered Office :

Pacific Century Place, 1-11-1 Marunouchi Chiyodaku Tokyo 100-0005

 

 

Country :

Japan

 

 

Financials (as on) :

31/03/2007

 

 

Date of Incorporation :

Dec 1991

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Investment advisory & asset management firm

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

Yen 502.0 Million

 

 

Status :

Small Company

 

 

Payment Behaviour :

Regular

 

 

 

name

 

SCHRODER INVESTMENT MANAGEMENT (JAPAN) LTD

 

 

REGD NAME

 

Schroder Shoken Toshin Toshi Komon KK

 

 

MAIN OFFICE

 

Pacific Century Place, 1-11-1 Marunouchi Chiyodaku Tokyo 100-0005 JAPAN

Tel:  03-5293-1500    

Fax: 03-5293-1330

URL:http://www.schroders.co.jp/

E-Mail address: Not specified

 

 

ACTIVITIES

 

Investment advisory & asset management firm

 

 

LICENSE

 

Kanto FSA #90

 

 

BRANCHES

 

Nil

 

 

OFFICER(S)

 

John McLaughlin, ch                              DIDIER DEVREESE, PRES

 

 

Yen Amount

 

In million Yen, unless otherwise stated

 

 

 

 

 

SUMMARY    

 

FINANCES        FAIR                             A/SALES          Yen 11,987 M

PAYMENTS      REGULAR                     CAPITAL           Yen 490 M

TREND             STEADY                       WORTH            Yen 7,162 M

STARTED         1991                             EMPLOYES      163

 

 

COMMENT

 

INVESTMENT ADVISORY & ASSET MANAGEMENT, WHOLLY OWNED BY SHRODER INTERNATIONAL FINANCE BV. FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

 

 

MAX CREDIT LIMIT

 

YEN 502.0 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

The subject company was established originally in 1972 as a Japan representative office by Schroder Investment Management Group and was incorporated in 1991.  Didier Devreese took the pres office in Nov 2007, when the former pres, John McLaughlin, promoted to ch. This is an investment advisory and asset management firm, wholly owned by Schroder Investment Management Group, UK.

 

Licensed by Kanto FSA #90 in 1992. 

 

Operating funds as at Jun/2007 are: Yen 3,0936.2 billion.

           

 

FINANCIAL INFORMATION

 

The sales volume for Mar/2007 fiscal term amounted to Yen 11,987 million, a 9% down from Yen 13,186 million in the previous term.  Reasons for the fall are not disclosed.  The recurring profit was posted at Yen 3,099 million and the net profit at Yen 1,549 million, respectively, compared with Yen 2,529 million net profit a year ago.

 

For the current term ending Mar 2008 the net profit is projected at Yen 1,700 million, on an 8% rise in turnover, to Yen 13,000 million.

           

The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 502.0 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:            Dec 1991

Legal Status:                 Limited Company (Kabushiki Kaisha)

Authorized:                    9,800 shares

Issued:                          9,800 shares

Sum:                            Yen 490 million

 

 

Major shareholders (%)

 

Schroder International Finance BV (100)

           

Nothing detrimental is known as to the commercial morality of executives.

 

 

OPERATION

 

Activities: Investment advisory & asset management firm, licensed by Kanto FSA #90, owned by Schroder Investment Management Group, UK (--100%).

 

           

Clients

 

Banks, financial institutions, securities firms, business firms, other.

 

 

No. of accounts

 

Unavailable

 

 

Domestic areas of activities

 

Nationwide

 

 

Suppliers

 

Stock markets, financial institutions, other.

 

 

Payment record

 

Regular

 

 

Location

 

Business area in Tokyo.  Office premises at the caption address are leased and maintained satisfactorily.

 

 

 

 

Bank References

 

Citi Bank (Ohtemachi)

 

MUFG (Kyobashi)

 

Relations: Satisfactory

 

 

FINANCES: (In Million Yen)

 

       Terms Ending:

31/03/2008

31/03/2007

31/03/2006

31/03/2005

Annual Sales

　

13,000

11,987

13,186

1,866

Recur. Profit

　

　

3,099

　

　

Net Profit

　

1,700

1,549

2,529

1,860

Total Assets

　

　

10,819

　

　

Current Assets

　

　

9,918

　

　

Current Liabs

　

　

2,387

　

　

Net Worth

　

　

7,162

　

　

Capital, Paid-Up

　

　

490

490

490

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

       S.Growth Rate

8.45

-9.09

606.65

123.74

       Current Ratio

 

..

415.50

..

..

       N.Worth Ratio

..

66.20

..

..

       R.Profit/Sales

 

..

25.85

..

..

       N.Profit/Sales

13.08

12.92

19.18

99.68

      Return On Equity

..

21.63

..

..

 

Notes: Forecast (or estimated) figures for the 31/03/2008 fiscal term.

 

           

 

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions