MIRA INFORM REPORT
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Report Date : |
20.05.2011 |
IDENTIFICATION DETAILS
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Name : |
JAPAN GRACE CO LTD |
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Registered Office : |
Marine Bldg 2/5/6F, 1-32-13 Takadanobaba
Shinjukuku Tokyo 169-0075 |
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Country : |
Japan |
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Financials (as on) : |
30.06.2010 |
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Date of Incorporation : |
August 1969 |
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Com. Reg. No.: |
(Tokyo-Shinjukuku) 028375 |
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Legal Form : |
Limited Company |
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Line of Business : |
Tour Operator, Travel Agency |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
Yen 87.6 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
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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
JAPAN GRACE CO LTD
REGD NAME
KK Japan Grace
MAIN OFFICE
Marine Bldg
2/5/6F, 1-32-13 Takadanobaba Shinjukuku Tokyo 169-0075 JAPAN
Tel:
03-5287-3081 Fax: 03-5287-3083
URL: http://www.japangrace.com
E-Mail address: info@japangrace.com
ACTIVITIES
Tour
operator, travel agency
LICENSE
Travel
Agency No. 617 with the Ministry of Land, Infrastructure & Transport
BRANCHES
Osaka
OFFICERS
KAZUHIRO
KANAME, PRES
Saburo
Yoshioka, s/mgn dir
Yoko
Izutsu, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 5,136 M
PAYMENTS REGULAR CAPITAL Yen 50 M
TREND SLOW WORTH Yen
241 M
STARTED 1969 EMPLOYES 50
COMMENT
SHIP CRUISING TOUR OPERATOR.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 87.6 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by local entrepreneurs in order to advance into travel agency business and has been succeeded by the present executives. Kazuhiro Kaname took the office of pres in Aug 2000. This is a unique tour operator sponsored by “Peace Boat Cruise” for organizing global cruising tours regularly. Has operated more than 70 ship tours globally so far.
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Jun/2010 fiscal term amounted to Yen 5,030 million, a 2% down from Yen 5,136 million in the previous term. Clients decreased as affected by the global economic downturn. Consumer spending was sluggish. The net profit was posted at Yen 8 million, compared with Yen 10 million net profit a year ago.
For the current term ending Jun 2011 the net profit is projected at Yen 6 million, on a similar turnover, at Yen 5,000 million. Consumer spending is sluggish.
The financial situation is considered maintained FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 87.6 million, on 30 days normal terms.
REGISTRATION
Date Registered: Aug 1969
Regd No.: (Tokyo-Shinjukuku) 028375
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
400,000 shares
Issued:
100,000 shares
Sum: Yen 50 million
Major shareholders (%): Kazuhiro
Kaname (48), Saburo Yoshioka (20), Yoko Izutsu (5)
No. of shareholders: 8
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Travel agency specializing in global cruising tours sponsored by “Peace Boat Cruise” program (--100%).
Operating passenger ship: TSS TOPAZ, Panamanian flag, 31,500 GT, speed 21 knots, 9decks, accommodating 1,487 passengers, classed Lloyd’s Register.
Clients: Individuals, business firms, groups, other
No. of accounts: Unavailable
Domestic areas of activities: Nationwide
Suppliers: [Travel agencies, tour operators] World Travel System, R&C Tours, Reliance, Miyamoto Travel, Keema Shipping, Univertur Travel Service, Japan Tour, China Travel, Gulliver Travel, Marco Polo Japan Voyage, ICC, other.
Payment record:
Regular
Location:
Business area in Tokyo. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References:
MUFG
(Takadanobaba)
Mizuho
Bank (Takadanobaba)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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30/06/2011 |
30/06/2010 |
30/06/2009 |
30/06/2008 |
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Annual
Sales |
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5,000 |
5,030 |
5,136 |
6,400 |
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Recur.
Profit |
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Net
Profit |
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6 |
8 |
10 |
14 |
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Total
Assets |
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N/A |
N/A |
N/A |
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Net
Worth |
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241 |
236 |
229 |
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Capital,
Paid-Up |
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50 |
50 |
50 |
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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 |
-0.60 |
-2.06 |
-19.75 |
3.23 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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.. |
.. |
.. |
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N.Profit/Sales |
0.12 |
0.16 |
0.19 |
0.22 |
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Financials
are only partially disclosed.
Forecast
(or estimated) for the 30/06/2011 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.44.98 |
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UK Pound |
1 |
Rs.72.68 |
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Euro |
1 |
Rs.64.16 |
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 |
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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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.