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Report Date : |
23.03.2013 |
IDENTIFICATION DETAILS
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Name : |
ASK INTERNATIONAL CO LTD |
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Registered Office : |
Kazama Bldg 2F, 1-48 Kanda-Jimbocho Chiyodaku Tokyo
101-0051 |
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Country : |
Japan |
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Financials (as on) : |
30.09.2012 |
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Date of Incorporation : |
February 2001 |
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Com. Reg. No.: |
0100-01-072889
(Tokyo-Chiyodaku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Tour Operator |
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No. of Employees : |
11 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
Yen 18.0 million |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
japan - ECONOMIC OVERVIEW
In the years following World War II, government-industry cooperation, a
strong work ethic, mastery of high technology, and a comparatively small
defense allocation (1% of GDP) helped Japan develop a technologically advanced
economy. Two notable characteristics of the post-war economy were the close
interlocking structures of manufacturers, suppliers, and distributors, known as
keiretsu, and the guarantee of lifetime employment for a substantial portion of
the urban labor force. Both features are now eroding under the dual pressures
of global competition and domestic demographic change. Japan's industrial
sector is heavily dependent on imported raw materials and fuels. A tiny
agricultural sector is highly subsidized and protected, with crop yields among
the highest in the world. Usually self-sufficient in rice, Japan imports about
60% of its food on a caloric basis. Japan maintains one of the world's largest
fishing fleets and accounts for nearly 15% of the global catch. For three
decades, overall real economic growth had been spectacular - a 10% average in
the 1960s, a 5% average in the 1970s, and a 4% average in the 1980s. Growth
slowed markedly in the 1990s, averaging just 1.7%, largely because of the after
effects of inefficient investment and an asset price bubble in the late 1980s
that required a protracted period of time for firms to reduce excess debt,
capital, and labor. Measured on a purchasing power parity (PPP) basis that
adjusts for price differences, Japan in 2011 stood as the fourth-largest economy
in the world after second-place China, which surpassed Japan in 2001, and
third-place India, which edged out Japan in 2011. A sharp downturn in business
investment and global demand for Japan's exports in late 2008 pushed Japan
further into recession. Government stimulus spending helped the economy recover
in late 2009 and 2010, but the economy contracted again in 2011 as the massive
9.0 magnitude earthquake in March disrupted manufacturing. Electricity supplies
remain tight because Japan has temporarily shut down almost all of its nuclear
power plants after the Fukushima Daiichi nuclear reactors were crippled by the
earthquake and resulting tsunami. Estimates of the direct costs of the damage -
rebuilding homes, factories, and infrastructure - range from $235 billion to
$310 billion, and GDP declined almost 0.5% in 2011. Prime Minister Yoshihiko
NODA has proposed opening the agricultural and services sectors to greater
foreign competition and boosting exports through membership in the US-led
Trans-Pacific Partnership trade talks and by pursuing free-trade agreements
with the EU and others, but debate continues on restructuring the economy and
reining in Japan's huge government debt, which exceeds 200% of GDP. Persistent
deflation, reliance on exports to drive growth, and an aging and shrinking
population are other major long-term challenges for the economy.
|
Source : CIA |
ASK INTERNATIONAL CO LTD
KK A. S. K.
International
Kazama Bldg 2F, 1-48
Kanda-Jimbocho Chiyodaku Tokyo 101-0051 JAPAN
Tel:
03-3294-3130 Fax: 03-3294-3135
URL: http://www.askinternational.jp
E-Mail address: info@askinternational.jp
Tour operator
Tokyo
Governor Travel #3-5436
Nil
Worldwide
(travel agencies)
OSAMU
SUZUKI, PRES
Hiroyuki
Kaneko, dir
Kyoko
Suzuki, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 580 M
PAYMENTSREGULAR CAPITAL Yen
10 M
TREND UP WORTH Yen 305 M
STARTED 2001 EMPLOYES 11
TOUR OPERATOR, DOMESTIC & OVERSEAS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT
LIMIT: YEN 18.0 MILLION, 30 DAYS NORMAL TERMS
The subject company was established by Osamu Suzuki in order to make
most of his experience in the travel business industry. This is a licensed tour operator for domestic
and overseas travels, including hotel arrangement, airline ticket bookings,
others. Tours are organized
independently (Ask Tours) and also
in tie-up with other travel agencies.
Financials are only partially disclosed.
The sales volume for Sept/2012 fiscal term amounted to Yen 580 million,
a 21% up from Yen 480 million in the previous term. This is thanks to the advent and service
start-up of LCC flights. High Yen served
to lower travel expenses in Japanese Yen.
Passengers/travelers rose more-than-expected. The net profit was posted at Yen 50 million,
compared with Yen 45 million a year ago.
Profits are not precisely disclosed and the figures are estimated.
For the current term ending Sept 2013 the net profit is projected at Yen
55 million, on a 7% rise in turnover, to Yen 620 million.
The financial situation is considered FAIR and good for
ORDINARY business engagements. Max
credit limit is estimated at Yen 18.0 million, on 30 days normal terms.
Date Registered: Feb
2001
Regd No.: 0100-01-072889 (Tokyo-Chiyodaku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
800 shares
Issued:
200 shares
Sum: Yen 10 million
Major shareholders (%): Osamu
Suzuki (80)
No. of shareholders: 2
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Tour operator (Ask Tours), hotel bookings, airline ticket bookings, other related services (--100%)
Clients: [Travel agencies, business firms, individual travellers, schools, wholesalers] Individual travelers (50%), Nippon Travel Agency, Kinki Nippon Tourist, JTB, HIS, Hankyu Hanshin Business Travel, Relocation International, other
No. of accounts: Unavailable
Domestic areas of activities: Nationwide
Suppliers: Travel agencies, airline companies, wholesalers, other (42 firms)
Payment record: Regular
Location: Business area in Tokyo. Office premises at the caption address are leased and maintained satisfactorily.
Bank References:
MUFG (Kanda)
Mizuho Bank (Kudan)
Relations: Satisfactory
(In Million Yen)
|
Terms Ending: |
|
30/09/2013 |
30/09/2012 |
30/09/2011 |
30/09/2010 |
|
Annual
Sales |
|
620 |
580 |
480 |
380 |
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
|
Net Profit |
|
55 |
50 |
45 |
25 |
|
Total
Assets |
|
|
N/A |
N/A |
N/A |
|
Net
Worth |
|
|
305 |
255 |
210 |
|
Capital,
Paid-Up |
|
|
10 |
10 |
10 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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|
S.Growth Rate |
6.90 |
20.83 |
26.32 |
0.00 |
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Current Ratio |
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|
.. |
.. |
.. |
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N.Worth Ratio |
|
.. |
.. |
.. |
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N.Profit/Sales |
8.87 |
8.62 |
9.38 |
6.58 |
|
Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 30/09/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.34 |
|
UK Pound |
1 |
Rs.82.56 |
|
Euro |
1 |
Rs.70.10 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Business |
---- |
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.