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MIRA INFORM REPORT
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Report Date : |
05.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
DEUTSCHE ASSET MANAGEMENT (JAPAHN) LTD |
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Registered Office : |
Sanno Park Tower, 2-11-1 Nagatacho Chiyodaku
Tokyo 100-0014 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2008 |
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Date of Incorporation : |
July, 1985 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Investment Advisor |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
Yen 263.0 Million |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
Name
DEUTSCHE ASSET
MANAGEMENT (JAPAHN) LTD
REGD NAME
Deutsche Asset Management KK
MAIN OFFICE
Sanno Park Tower, 2-11-1 Nagatacho Chiyodaku Tokyo 100-0014 JAPAN
Tel: 03-5156-5000 Fax:
03-5156-5001
E-Mail address: dam.japan@db.com
ACTIVITIES
Investment advisor
Licensed
Kanto FSA #359
BRANCHES
Nil
OFFICER(S)
TSUKASA SEKIZAKI, PRES Hiroaki
Ishitani, dir
Steven Harris, dir Masataka
Kobayashi, dir
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 14,761 M
PAYMENTS REGULAR CAPITAL Yen 2,328 M
TREND STEADY WORTH Yen 1,862 M
STARTED 1985 EMPLOYES 97
COMMENT
INVESTMENT ADVISOR, WHOLLY OWNED BY DEUTSCHE BANK GROUP.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT
YEN 263.0 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company
was established by Deutsche Bank as Deutsche Morgan Grenfell Asset Management, as a marketing office in
Japan. In 1999 merged with Bankers Trust
Investment and renamed as captioned. This is an asset management company and
investment advisor. In 2005, was transferred from Deutsche Trust Bank of its
asset management service. Operating
funds as of Mar/2008 is reported at Yen
1,186,500 million. Operating pension
funds,
securities funds, city & local banks, life insurance companies, other.
FINANCIAL INFORMATION
The sales volume
for Mar/2008 fiscal term amounted to Yen 14,761 million, a 78% sharp hike from
Yen 8,297 million in the previous term.
Operating funds expanded from pension funds, as reported. The operations came back to profitability to
post Yen 1,023 million net profit for the term, compared with Yen 1,057 million
net losses a year ago.
For the current
term ending Mar 2009 the net profit is projected at Yen 1,100 million, on an 8%
rise in turnover, to Yen 16,000 million.
The financial
situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 263.0
million, on 30 days normal terms.
REGISTRATION
Date Registered: Jul 1985
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
46,560 shares
Issued:
46,560 shares
Sum: Yen 2,328 million
Major shareholders (%)
Deutsche Asia Pacific Holdings Pte Ltd
(Singapore), wholly owned by Deutsche Bank AG, (--100)
Nothing detrimental is known as to the
commercial morality of executives.
OPERATION
Activities: Asset
management/investment advisor, wholly owned by Deutsche Bank group (--100%)
Clients
Banks, insurance firms, security firms,
pension funds, other
No. of accounts: Unavailable
Domestic areas of
activities: nationwide
Suppliers
Investors, funds management
Payment record: Regular
Location: Business area in Tokyo. Office premises at the caption address are
leased and maintained satisfactorily.
Bank References
Deutsche Bank (Tokyo)
SMBC (Tokyo)
Relations: Satisfactory
FINANCES: (In Million Yen)
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Terms Ending: |
31/03/2009 |
31/03/2008 |
31/03/2007 |
31/03/2006 |
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Annual
Sales |
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16,000 |
14,761 |
8,297 |
4,478 |
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Recur.
Profit |
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-1,181 |
-712 |
-434 |
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Net
Profit |
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1,100 |
1,023 |
-1,057 |
-845 |
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Total
Assets |
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6,608 |
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Current
Assets |
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6,556 |
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Current
Liabs |
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3,643 |
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Net
Worth |
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1,862 |
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Capital,
Paid-Up |
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2,328 |
2,328 |
2,328 |
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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 |
8.39 |
77.91 |
85.28 |
10.65 |
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Current Ratio |
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.. |
179.96 |
.. |
.. |
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N.Worth Ratio |
.. |
28.18 |
.. |
.. |
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R.Profit/Sales |
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.. |
-8.00 |
-8.58 |
-9.69 |
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N.Profit/Sales |
6.88 |
6.93 |
-12.74 |
-18.87 |
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Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 31/03/2009 fiscal term.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.26 |
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UK Pound |
1 |
Rs.79.19 |
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Euro |
1 |
Rs.64.42 |
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%)