MIRA
INFORM REPORT
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Report Date : |
28.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
RESIDENCE BUILDING MANAGEMENT CORP |
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Registered Office : |
1-27-7 Shinkawa Chuoku Tokyo 104-0033 |
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Country : |
Japan |
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Financials (as on) : |
31.01.2007 |
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Date of Incorporation : |
March 1990 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Building Owner, Rental, 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 456.9 Million |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
name & address
RESIDENCE BUILDING MANAGEMENT CORP
REGD NAME: Residence Building
Management KK
MAIN OFFICE: 1-27-7 Shinkawa
Chuoku Tokyo 104-0033 JAPAN
Tel:
03-3297-4100 Fax: 03-3297-4120
E-Mail address:kaisha@rb-m.co.jp
ACTIVITIES
Building owner, rental, management
LICENSES
Ministry of Land, Infrastructure & Transport (2) #030768
BRANCHES
Tokyo (177 office & residence buildings)
OFFICER(S)
YOSHINOBU TAKAHASHI, PRES
Yoshiharu Hata, rep dir
Masayasu Matsumoto, dir
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 8,459 M
PAYMENTS REGULAR CAPITAL Yen 150 M
TREND STEADY WORTH Yen 8,060 M
STARTED 1990 EMPLOYES 336
COMMENT
OFFICE & RESIDENCE BUILDING MANAGEMENT.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT
YEN 456.9 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established Yoshinobu Takahashi in order to make most of his previous experience in the subject line of business. This is an owner and manager of office & residence buildings in the greater-Tokyo region. Manages 60 office buildings and 117 residence buildings.
FINANCIAL INFORMATION
The sales volume for Jan/2007 fiscal term amounted to Yen 8,459 million, a 6% down from Yen 8,996 million in the previous term. Occupancy decreased. The recurring profit was posted at Yen 2,779 million and the net profit at Yen 1,904 million, respectively, compared with Yen 4,095 million recurring profit and Yen 2,746 million net profit, respectively, a year ago.
For the term that ended Jan 2008 the recurring profit was projected and believed posted at Yen 2,800 million and the net profit at Yen 1,950 million, respe4ctively, on a 3% rise in turnover, to Yen 8,700 million.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 456.9 million, on 30 days normal terms.
REGISTRATION
Date Registered: Mar 1990
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 12,000 shares
Issued: 3,000 shares
Sum: Yen 150 million
Major shareholders (%)
Executives’ & Employees’ S/Holding Assn (--100)
Nothing detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Management/maintenance of office & residence buildings (--100%).
Manages 60 office buildings and 117 residence buildings in the greater-Tokyo region.
Clients
Tenants, building owners, residence coops, other.
No. of accounts
Unavailable
Domestic areas of activities
Limited in greater-Tokyo
Suppliers
[Buildings owners, managers] Mitsubishi Electric Building Techno Service, Tokyo Clear Center, Shinsei Technos, other.
Payment record
Regular
Location
Business area in Tokyo. Office premises at the caption address are owned and maintained satisfactorily.
Bank References
SMBC (Akasaka)
Keiyo Bank (Tokyo)
Relations: Satisfactory
FINANCES: (In Million Yen)
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Terms Ending: |
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31/01/2008 |
31/01/2007 |
31/01/2006 |
31/01/2005 |
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Annual
Sales |
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8,700 |
8,459 |
8,996 |
8,363 |
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Recur.
Profit |
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2,800 |
2,779 |
4,095 |
3,269 |
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Net
Profit |
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1,950 |
1,904 |
2,746 |
2,245 |
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Total
Assets |
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26,861 |
21,861 |
20,286 |
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Net
Worth |
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8,060 |
6,170 |
3,439 |
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Capital,
Paid-Up |
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150 |
150 |
150 |
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Div.P.Share(¥) |
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4.50 |
4.50 |
4.50 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
2.85 |
-5.97 |
7.57 |
19.15 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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30.01 |
28.22 |
16.95 |
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N.Profit/Sales |
22.41 |
22.51 |
30.52 |
26.84 |
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Notes: Forecast (or estimated) figures for the 31/01/2008
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%)