MIRA
INFORM REPORT
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Report Date : |
11.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
J INC |
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Registered Office : |
Kikyobizen Bldg 505, 1-19-6 Nishishimbashi Minatoku Tokyo 105-0003 |
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Country : |
Japan |
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Date of Incorporation : |
September 1997 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Technology transfer company in the areas of process engineering & plant
contracting, supplying associated machinery, equipment and supplies |
RATING &
COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Regular |
name of the company
J INC
REGD NAME: YK J Inc
MAIN OFFICE
Kikyobizen Bldg 505, 1-19-6 Nishishimbashi Minatoku Tokyo 105-0003 JAPAN
Tel: 03-3500-0158 Fax:
03-3500-3087
URL
E-Mail address
lurgityo@gol.com
ACTIVITIES
Technology transfer company
BRANCHES
Nil
OFFICER(S)
ROBERT F LININGTON, PRES (phonetically spelled)
Gen’ichi Tanaka, dir
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES UNDETD A/SALES Yen 100 M*
PAYMENTS REGULAR CAPITAL Yen 3 M
TREND UNDETD WORTH Yen 3 M
STARTED 1997 EMPLOYES 3
*
Estimated figures only
COMMENT
TECHNOLOGY TRANSFER COMPANY, WHOLLY OWNED BY LURGI AG.
FINANCIAL SITUATION UNDETERMINED DUE TO THE
LACK OF FINANCIALS AND MANAGEMENT INFORMATION BUT SHOULD BE GOOD FOR MODERATE
BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: UNABLE TO BE ASSESSED DUE
TO THE NON-DISCLOSURE OF FINANCIALS AND OTHER RELATED INFORMATION. WE RECOMMEND CREDITS ON NEW TRANSACTIONS TO
BE ON SECURED TERMS.
HIGHLIGHTS
The subject
company was established by Lurgi Ag as its Japan operation arm. The firm also set up Lurgi AG Japan at the
same address. This is a technological
transfer company in the fields of process engineering & plant
contracting. The firm does not release
any of its financials & managerial information and all the contents herein
are cited from its Registration Certificate.
FINANCIAL INFORMATION:
The sales volume for Dec/2006 fiscal term is
believed amounted to Yen 100 million, similarly in the previous term. No further details are available.
Both the financials situation and business
trends are not determined due to the lack of materials information on finances
and management but should be good for MODERATE business engagements. Max credit limit, therefore, cannot be
assessed due to the lack of financials.
Any new credits are recommended on strictly secured terms.
REGISTRATION
Date Registered: Sept
1997
Legal Status Private
Limited Company (Yugen Gaisha)
Regd No. : (Tokyo) 0104-02-020087
Regd Capital : Yen 3 million
Major shareholders (%)
Lurgi AG, Germany (100)
Nothing detrimental is known as to the commercial morality of
executives.
OPERATION
Activities: Technology transfer company in the
areas of process engineering & plant contracting, supplying associated
machinery, equipment and supplies (--100%).
Clients
Mfrs, wholesalers, other No. of accounts: Unavailable
Domestic areas of activities: Nationwide
Suppliers
[Mfrs, wholesalers] Supplied wholly from
Lurgi AG and group firms.
Payment record: Regular
Location: Business
area in Tokyo. Office premises at the
caption address are leased and maintained satisfactorily.
Bank References
Local Bank (Not available)
Relations: Money deposits & transfer only
FINANCES: (In Million Yen)
NOT MADE AVAILABLE
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%)