MIRA INFORM REPORT
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Report Date : |
16.04.2012 |
IDENTIFICATION DETAILS
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Name : |
JAPAN DISPLAY INC |
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Registered Office : |
1-6-5 Marunouchi Chiyodaku |
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Country : |
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Date of Incorporation : |
November
2011 |
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Com. Reg. No.: |
0100-01-142382
(Tokyo-Chiyodaku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer of small- & medium-sized LCDs |
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No. of Employees
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6,200 |
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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Status : |
New Company |
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Payment
Behaviour : |
No Complaints |
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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, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
JAPAN DISPLAY INC
KK Japan Display
Landic Shimbashi Bldg 2, 3-7-1 Nishi-Shimbashi
Minatoku Tokyo 105-0003,
Tel:
03-6732-8100
*.. Registered at: 1-6-5 Marunouchi
Chiyodaku
**.. The given address is Mobara Factory, acquired from Panasonic Corp, one of six factories
E-Mail address: (thru the URL)
Mfg of
small- & medium-sized LCDs
USA, Germany, Taiwan, Hong Kong,
Korea, China (3), other; JDI Display America Inc, JDI Europe GmbH, JDI Korea
Inc, JDI China Inc, Suzhou
JDI devices Inc, Suzhou JDI Electronics Inc, Shenzhen
JDI Inc, JDI Hong Kong Limited, JDI Taiwan Inc, Kaohsiung
Opto-Electronics Inc
Mobara (as
given), Tottori, Higashiura, Ishikawa, Noomi, Fukaya;
SHUUICHI
OTSUKA, PRES Shuichi Otsuka, dir
Hironori
Kondo, dir Hidenari Sakaida, dir
Yoneharu Takubo, dir Shuji Ariga, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 450,000 M*
PAYMENTS No
Complaints CAPITAL Yen 230,000 M
TREND UNDETD WORTH Yen
230,000 M**
STARTED 2011 EMPLOYES 6,200
*.. Sales target for the initial one
year term; **. Expressed by the paid-in capital
MFR OF LCD’s.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN UNABLE TO BE
ASSESED DUE TO THE RECENT INCEPTION AND WITHOUT PROVEN BUSINESS
The
subject company (JDI) was established on the basis of merger of three parties:
Sony Mobile Display, Toshiba Mobile Display and Hitachi Displays. The merger was organized to combine and
streamline production and operations of LCDs,
particularly in the light of weak/declining markets for the products, with a
focus on the growing global market for smartphones
and tablets. Shuichi Otsuka
is ex-president of Elpida Memory Inc, mfr of
semiconductor DRAM,
(Notes): Mobara Plant,
The sales for the initial one year term are targeted at Yen 450,000 million. For information, the combined sales of the said three parties for Mar/2011 fiscal term totaled Yen 501.6 million.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is unable to be assessed due to the recent inception and without proven business records.
Date Registered: Nov 2011
Regd No.: 0100-01-142382 (Tokyo-Chiyodaku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
18 million shares
Issued:
4.6 million shares
Sum: Yen 230,000 million
Major shareholders
(%): INCJ (Innovation Network Corp of
*.. Public-private partnership company (INCJ),
No. of shareholders: 4
Nothing detrimental is known as to the commercial morality of executives.
Activities: Manufactures small- & medium-sized LCDs, other (--100%)
Clients: Mfrs, wholesalers, other
No. of accounts: 1,000 (target)
Domestic areas of activities: Nationwide
Payment record: No Complaints
Location: Business area in
Bank References:
Mizuho
Corporate Bank (H/O)
MUFG
(H/O)
Relations:
Satisfactory
(In Million Yen)
NOT YET AVAILABLE
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.51.42 |
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1 |
Rs.81.93 |
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Euro |
1 |
Rs.67.67 |
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.