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Report Date : |
10.10.2013 |
IDENTIFICATION DETAILS
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Name : |
RANA TOURS CORP |
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Registered Office : |
Hatsudai Sky Residence 508, 1-54-4 Hatsudai Shibuyaku Tokyo 151-0061 |
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Country : |
Japan |
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Financials (as on) : |
31.01.2013 |
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Date of Incorporation : |
February, 2008 |
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Com. Reg. No.: |
0110-01-055422 (Tokyo-Shibuyaku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Travel agency |
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No. of Employees : |
10 |
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 1.8 million |
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Status : |
Small Company |
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Payment Behaviour : |
Slow but Correct |
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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 – March, 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
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 |
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 small agricultural sector is highly subsidized and protected, with
crop yields among the highest in the world. While self-sufficient in rice
production, Japan imports about 60% of its food on a caloric basis. 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. Modest economic growth continued after 2000, but the
economy has fallen into recession three times since 2008. A sharp downturn in
business investment and global demand for Japan's exports in late 2008 pushed
Japan 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 and the ensuing tsunami in March disrupted
manufacturing. The economy has largely recovered in the two years since the
disaster, but reconstruction in the Tohoku region has been uneven.
Newly-elected Prime Minister Shinzo ABE has declared the economy his
government's top priority; he has pledged to reconsider his predecessor's plan
to permanently close nuclear power plants and is pursuing an economic
revitalization agenda of fiscal stimulus and regulatory reform and has said he
will press the Bank of Japan to loosen monetary policy. Measured on a
purchasing power parity (PPP) basis that adjusts for price differences, Japan
in 2012 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 2012. The new government will continue a longstanding debate 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 |
RANA TOURS CORP
Rana Tours KK
Hatsudai Sky Residence 508, 1-54-4 Hatsudai Shibuyaku Tokyo 151-0061
JAPAN
Tel: 03-5848-2763 Fax:
03-5848-8688
E-Mail address: info@nana-tours.jp
Travel agency
Nil
Italy (Headquarters)
TOSHIYA NAKAMURA, PRES
Yen Amount: In million Yen,
unless otherwise stated
FINANCES FAIR A/SALES Yen 100 M
PAYMENTS SLOW BUT CORRECT CAPITAL Yen
6 M
TREND UP WORTH Yen 9 M
STARTED 2008 EMPLOYES 10
TRAVEL AGENCY, OWNED BY RANA TOURS SPA, ITALY.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 1.8 MILLION, 30 DAYS NORMAL TERMS
The subject company was established by Rana Tours Spa (Italy) as its
marketing base in Japan. This is a
travel agency specializing in tours in Italy, hotel booking, others. Tours to Italy are increasing of late.
Financials are only partially disclosed.
The sales volume for Jan/2013 fiscal term
amounted to Yen 100 million, a 33% up from Yen 75 million in the previous
term. Tours to Italy increased,
particularly in ancient cities. The net
profit was posted at Yen 3 million, compared with Yen 1 million a year ago.
For the current term ending Jan 2014 the net
profit is projected at Yen 5 million, on a 10% rise in turnover, to Yen 110
million. Business is seen expanding
steadily.
The financial situation is considered FAIR
and good for ORDINARY business engagements.
Max credit limit is estimated at Yen 1.8 million, on 30 days normal
terms.
Date
Registered: Feb 2008
Regd
No.: 0110-01-055422 (Tokyo-Shibuyaku)
Legal
Status: Limited Company (Kabushiki Kaisha)
Authorized:
480 shares
Issued:
120 shares
Sum:
Yen 6 million
Major
shareholders (%): Rana Tours Spa (Italy) (100)
Nothing detrimental is known as to the commercial morality of
executives.
Activities: Travel agency
specializing in tours in Italy, hotel bookings, air-ticket bookings, others
(--100%)
Clients: Travelers,
business firms, consumers, other
No. of accounts: Unavailable
Domestic areas of activities: Nationwide
Suppliers: Travel agents
(both domestic & overseas)
Payment
record: Slow but Correct
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank
References:
Mizuho Bank (Shinjuku-Shintoshin)
Relations: Satisfactory
(In Million Yen)
|
Terms Ending: |
|
31/01/2014 |
31/01/2013 |
31/01/2012 |
31/01/2011 |
|
Annual Sales |
|
110 |
100 |
75 |
75 |
|
Recur. Profit |
|
.. |
.. |
.. |
.. |
|
Net Profit |
|
5 |
3 |
1 |
1 |
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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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|
9 |
6 |
5 |
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Capital, Paid-Up |
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|
6 |
6 |
6 |
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Div.P.Share(¥) |
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|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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|
S.Growth Rate |
10.00 |
33.33 |
0.00 |
25.00 |
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|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
.. |
.. |
.. |
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N.Profit/Sales |
4.55 |
3.00 |
1.33 |
1.33 |
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Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 31/01/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.92 |
|
|
1 |
Rs.99.45 |
|
Euro |
1 |
Rs.83.92 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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 |
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<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.