MIRA INFORM REPORT
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Report Date : |
05.10.2011 |
IDENTIFICATION DETAILS
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Name : |
SECURED CAPITAL JAPAN INVESRMENT MANAGEMENT
CO LTD |
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Registered Office : |
Toranomon Towers Office 20F, 4-1-28 Toranomon Minatoku Tokyo 105-0001, |
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Country : |
Japan |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
September 1997 |
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Legal Form : |
Limited Company |
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Line of Business : |
Real estate investment/asset management business |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
Yen 148.9 Million |
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Status : |
Moderate |
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Payment
Behaviour : |
Regular |
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Litigation : |
---- |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Japan |
a1 |
a1 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name
SECURED CAPITAL JAPAN INVESRMENT MANAGEMENT CO LTD
REGD NAME
Secured Capital Investment
Management KK
MAIN OFFICE
Toranomon Towers
Office 20F, 4-1-28 Toranomon Minatoku Tokyo 105-0001, JAPAN
Tel: 03-5776-6300 Fax: 03-5776-1033
URL: http://www.securedcapital.co.jp/
E-Mail address: info@securedcapital.co.jp
ACTIVITIES
Real
estate investment/asset management business
License
FSA
(827)
BRANCHES
Osaka
CHIEF EXEC
JUN
DAIKUHARA, PRES
Yen
Amount: In million Yen, unless otherwise
stated
SUMMARY
FINANCES FAIR A/SALES Yen 5,2,611 M
PAYMENTS REGULAR CAPITAL Yen
1,200 M
TREND SLOW WORTH Yen
1,482 M
STARTED 1997 EMPLOYES 62
COMMENT
REAL ESTATE INVESTMENT/ASSET MANGEMENT FIRM.
FINANCIAL SITUATION COSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 148.9 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by the principals of Secured Capital Corp, a leading US real estate investment bank based in Los Angeles as its marketing base in Japan. This is a real estate investment/asset management business firm. In 1998 commenced property asset management business. In 2004, the firm made an initial public offering and listed on Tokyo S/E. In Mar 2004 formed with a leading US pension fund and other US institutional investors a $500 million opportunistic fund investing in real estates in Japan. In Oct 2004, formed with Japanese institutional investors a Yen 80 billion fund investing in stabilized residential properties. In Jan 2005, made an equity participation in Kailong REI an asset management firm based in Shanghai, to establish its foothold in China market. Total assets under management are Yen 600 billion as of June 30/2009.
FINANCIAL INFORMATION
The revenues for Dec/2010 fiscal term amounted to Yen 2,611 million, a 22% down from Yen 3,404 million in the previous term. The economic crisis triggered by US subprime housing loans affected the sales, including stock market, real estate, foreign currency, other. The recurring profit was posted at Yen 18 million, while the net balance was Yen 43 million net losses for the term. This compares with Yen 463 net profit a year ago.463 million profit a year ago.
For the current term ending Dec 20111 the recurring profit is projected at Yen 20 million and the net profit at Yen 20 million, on a 15% rose in turnover, to Yen 3,000 million.1
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 67.7 million, on 30 days normal terms.
REGISTRATION
Date Registered: Sept 1997
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
9,800 shares
Issued:
9,800 shares
Sum: Yen 490
million
Major shareholders (%): Secured Capital Japan (100%)
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Real estate investment
management/asset management business (--100%).
Payment record: Regular
Location:
Business area in Tokyo. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References:
· MUFG (H/O)
· MSBC (H/O)
Relations:
Satisfactory
FINANCES
(In Million Yen)
|
Terms Ending: |
31/12/2011 |
31/12/2010 |
31/12/2009 |
31/12/2008 |
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Annual
Sales |
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3,000 |
2,611 |
3,337 |
3,404 |
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Recur.
Profit |
|
20 |
19 |
|
524 |
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Net
Profit |
|
20 |
-43 |
463 |
524 |
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Total
Assets |
|
|
10,261 |
11,235 |
10,441 |
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Current
Assets |
|
|
1,994 |
3,372 |
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Current
Liabs |
|
|
8,698 |
9,565 |
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Net
Worth |
|
|
8,698 |
9,565 |
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Capital,
Paid-Up |
|
|
490 |
490 |
490 |
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Div.P.Share(¥) |
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|
|
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
14.90 |
-21.76 |
-1.97 |
-36.45 |
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Current Ratio |
|
.. |
22.92 |
35.25 |
.. |
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N.Worth Ratio |
.. |
84.77 |
85.14 |
0.00 |
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R.Profit/Sales |
|
0.67 |
0.73 |
.. |
15.39 |
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N.Profit/Sales |
0.67 |
-1.65 |
13.87 |
15.39 |
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Return On Equity |
.. |
-0.49 |
4.84 |
.. |
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Forecast
figures for the 1/12/2011 fiscal term
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.23 |
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UK Pound |
1 |
Rs.76.07 |
|
Euro |
1 |
Rs.65.06 |
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 |
|
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 |
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26-40 |
B |
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 |
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---- |
NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.