MIRA
INFORM REPORT
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Report Date : |
11.05.2007 |
IDENTIFICATION DETAILS
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Name : |
GLOBE TROLLER T&E INC |
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Registered Office : |
Keio Shinjuku Oiwake Bldg 5F, 3-1-13 Shinjuku Shinjukuku |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
Sept 1999 |
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Legal Form : |
Limited Company (Kabushiki
Kaisha) |
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Line of Business : |
Travel agency; edit of
“Chikyuu No Arukikata (Globe Trotter)” guidebooks |
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 35.8 millions |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
-- |
name
GLOBE TROLLER T&E INC
REGD NAME
KK Chikyuu No
Arukikata
(“Chikyuu means
Globe; Arukikata means Trotter)
MAIN OFFICE
Keio Shinjuku Oiwake Bldg 5F, 3-1-13 Shinjuku Shinjukuku
Tel:
03-5362-7800
Fax: 03-5362-7531
URL: http://www.arukikata.co.jp
E-Mail
address: info@arukikata.co.jp
ACTIVITIES
Travel
agency; edit of “Chikyuu No Arukikata (Globe Trotter)” guidebooks
LICENSE
Travel
agency business #1685 (Ministry of Land, Infrastructure & Transport)
BRANCHES
OFFICERS
TAKESHI
NAKAMURA, PRES Toyohisa
Tsuji, v pres
Shunsuke
Noda, dir Hisashi
Fujioka, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 3,600 M
PAYMENTS REGULAR CAPITAL Yen 100 M
TREND STEADY WORTH Yen
142 M
STARTED 1999 EMPLOYES 120
COMMENT
TRAVEL AGENCY. FINANCIAL
SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 35.8 MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company was established by Diamond Inc group,
publisher,
FINANCIAL INFORMATION
The sales volume for Mar/2006 fiscal term amounted to Yen 3,600 million, a 3% up from Yen 3,500 million in the previous term. The operations came back to profitability to yield Yen 2 million net profit. The last term booked Yen 57 million net losses coming from the restructurings. The accumulated losses are reported totaled Yen 378 million. The firm decreased the paid-in capital to Yen 100 million from the previous Yen 375 million.
For the term ended Mar 2007 the net profit is believed posted at Yen 5 million, on a 3% rise in turnover, to Yen 3,700 million.
The financial situation is considered maintained FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 35.8 million, on 30 days normal terms.
REGISTRATION
Date
Registered: Sept 1999
Legal
Status: Limited Company
(Kabushiki Kaisha)
Authorized: 8,000 shares
Issued: 2,000 shares
Sum: Yen 100 million
Major shareholders (%): Diamond Big Co Ltd*, Itochu Corp,
Itochu Techno Solutions, Diamond Inc, Excite
other (Detailed breakdown unavailable).
*.. Publisher of travel guidebooks,
No. of shareholders: 10
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Travel agency; edit/online advertising of travel guidebooks “Chikyuu No Arukikata (Globe Trotter)” series, overseas study services, non-life insurance broking, other related services (--100%).
Clients: Travelers, students, businessmen, business firms, other.
No. of
accounts: Unavailable
Domestic
areas of activities: Nationwide
Suppliers: [Travel agents, insurance firms, website service providers] Itochu Techno Solutions, JTB (Japan Travel Bureau), Sompo Japan Insurance, other.
Payment
record: Regular
Location: Business area in
Bank References
MUFG
(Shinjuku-Chuo)
SMBC (
Relations:
Satisfactory
FINANCES
(In
Million Yen)
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Terms Ending: |
31/03/2007 |
31/03/2006 |
31/03/2005 |
31/03/2004 |
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Annual
Sales |
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3,700 |
3,600 |
3,500 |
1,250 |
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Recur.
Profit |
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Net
Profit |
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5 |
2 |
-57 |
-10 |
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Total
Assets |
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856 |
315 |
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Current
Assets |
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706 |
251 |
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Current
Liabs |
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714 |
244 |
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Net
Worth |
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142 |
71 |
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Capital,
Paid-Up |
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100 |
375 |
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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 |
2.78 |
2.86 |
180.00 |
4.17 |
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Current Ratio |
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.. |
98.88 |
102.87 |
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N.Worth Ratio |
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16.59 |
22.54 |
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R.Profit/Sales |
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.. |
.. |
.. |
.. |
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N.Profit/Sales |
0.14 |
0.06 |
-1.63 |
-0.80 |
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Return On Equity |
.. |
1.41 |
.. |
.. |
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Note:
Financials are disclosed in digested form only.
Forecast
(or estimated) for the 31/03/2007 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/normal. |
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%)