MIRA
INFORM REPORT
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Report Date : |
01.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
MORI KANKO TRUST CO LTD |
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Registered Office : |
Toranomon Tower 7F, 2-3-17 Toranomon Minatoku Tokyo 105-0001 |
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Country : |
Japan |
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Financial as on : |
31.03.2007 |
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Date of Incorporation : |
April 2006 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Operator of Resort Hotels, Golf Clubs |
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 472.3 Million |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
name & address
MORI KANKO TRUST CO LTD (AKIRA MORI IS CH OF THE FIRM)
REGD NAME: Mori Kanko Trust KK
MAIN OFFICE: Toranomon Tower 7F, 2-3-17 Toranomon Minatoku
Tokyo 105-0001 JAPAN
Tel:
03-5511-0201 Fax: 03-5511-0222
URL: http://www.mori-kankotrust.jp/
E-Mail address: info@mori-kankotrust.jp
ACTIVITIES
Operator of resort hotels, golf clubs
BRANCHES
Shizuoka, Kanagawa, Tochigi, other (13)
OFFICER(S)
Akira Mori, ch
HIROSHI SHIMAMOTO, PRES
Noriyoshi Nishimoto, mgn dir
Toshinori Nishimura, mgn dir
Tomoyasu Abe, mgn dir
Shigeru Sakai, dir
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 14,843 M
PAYMENTS REGULAR CAPITAL Yen 2,000 M
TREND STEADY WORTH Yen 3,294 M
STARTED 2006 EMPLOYES 725
COMMENT
RESORT HOTEL OPERATOR.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT
YEN 472.3 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established originally in 1973 by Akira Mori and in Apr 2006 founded Mori Trust Holdings Inc and became reorganized as independent firm of its subsidiaries. The given name is ch at the firm and pres at the holding company. This is an operator of resort hotels, hotels and golf clubs centering in greater Tokyo and vicinity prefectures.
FINANCIAL INFORMATION
The sales volume for the initial fiscal term ended Mar/2007amounted to Yen 14,843 million, the recurring profit was posted at Yen 415 million and the net profit at Yen 202 million.
For the current term ending Mar 2008 the net profit is projected at Yen 210 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 472.3 million, on 30 days normal terms.
REGISTRATION
Date Registered: Apr 2006
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 40,000 shares
Issued: 40,000 shares
Sum: Yen 2,000 million
Major shareholders (%)
Mori Trust Holdings*(100)
* Holding company owned by Akira Mori (the given name)
Nothing detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Operator of resort hotels, city hotels & golf clubs, totaling 13 (--100%).
Clients
[Wholesaler] Wholly operated by Mori Trust.
No. of accounts
1 (direct client)
Domestic areas of activities
Centered in greater-Tokyo & vicinities
Suppliers
[Mfrs, wholesalers] Sanyo Seibi,
Takase Bussan, Watanabe Wedding, other.
Payment record
Regular
Location
Business
area in Tokyo. Office premises at the
caption address are leased and maintained satisfactorily.
Bank References
Mizuho Corporate Bank (Ohtemachi)
SMBC (H/O)
Relations: Satisfactory
FINANCES: (In Million Yen)
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Terms Ending: |
31/03/2008 |
31/03/2007 |
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Annual
Sales |
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16,000 |
14,843 |
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Recur.
Profit |
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415 |
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Net
Profit |
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210 |
202 |
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Total
Assets |
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6,509 |
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Current
Assets |
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4,464 |
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Current
Liabs |
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2,072 |
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Net
Worth |
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3,294 |
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Capital,
Paid-Up |
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2,000 |
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Div.P.Share(¥) |
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0.00 |
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<Analytical Data> |
(%) |
(%) |
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S.Growth Rate |
7.79 |
- - |
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Current Ratio |
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215.44 |
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N.Worth Ratio |
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50.61 |
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R.Profit/Sales |
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2.80 |
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N.Profit/Sales |
1.31 |
1.36 |
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Return On Equity |
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6.13 |
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Notes: The 31/03/2007 is the initial accounting term.
Forecast (or estimated) figures for the 31/03/2008 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%)