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Report Date : |
18.08.2012 |
IDENTIFICATION DETAILS
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Name : |
JAY ENTERPRISES LTD |
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Registered Office : |
3-7-8 Noge Setakayaku Tokyo 158-0092 |
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Country : |
Japan |
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Date of Incorporation : |
March 2001 |
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Legal Form : |
Limited Company |
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Line of Business : |
Export of used printing machines |
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No. of Employees : |
3 |
RATING & COMMENTS
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MIRAs 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 : |
Unknown |
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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
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
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 |
JAY ENTERPRISES LTD
REGD NAME: KK
Jay Enterprises
MAIN OFFICE: 3-7-8
Noge Setakayaku Tokyo 158-0092 JAPAN
Tel: 03-5706-5100
Fax: 03-5706-5101
E-Mail address: sunish@jayenter.com
Export of used
printing machines
Nil
P J SUNISH, PRES
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 500 M*
PAYMENTS UNKNOWN CAPITAL Yen 20 M
TREND UP WORTH Yen 30 M*
STARTED 2001 EMPLOYES 3
*.. Figures are
all estimated as the firm does not disclose financials
EXPORTER.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
The subject company was established
by P J Sunish in order to make most of his experience in the subject line of
business. This is a trading firm for
exporting used printing machines, heavy industrial machineries, other (See OPERATION). Export destinations are: India, China,
Malaysia, Indonesia, USA, France, Korea, Germany, UK, Nepal, UAE, other. Goods are supplied from Fujitsu Ltd and other
makers.
Financials are not disclosed. The firm declined to disclose them. It is reported that the annual turnover is
around Yen 500 million, but not verified by any of the business. .
The financial situation is considered FAIR
and good for ORDINARY business engagements, as judged from its long-time
business experience.
Date Registered: Mar
2001
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 400 shares
Issued: 400 shares
Sum: Yen 20 million
Major
shareholders (%): P J Sunish (100)
Nothing
detrimental is known as to his commercial morality.
Activities: Exports printing
& packaging machines, GNC machine tools, others (-100%)
(Handling
Items):
Printing
& Packaging Machines: offset printing machines (4 colors, 2 colors, 1
color), commercial web offset printing machines, gravure & flexo printing
machines, paper cutting machines, paper folding machines, die cutting, bindery
equipment, others;
CNC
Machine Tools: used vertical machining center, used horizontal machining center, used
milling machine, used boring machine, other
Clients: [Mfrs,
wholesalers] Exports to: India, China, Malaysia, Indonesia, USA, France, Korea,
Germany, UK, Nepal, UAE, other
No. of accounts:
Unavailable
Domestic areas of
activities: Centered in greater-Tokyo
Suppliers: [Mfrs,
wholesalers] Fujitsu Ltd, other
Payment record: Unknown
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
MUFG (Ekoda)
Mizuho Bank
(Nerima-Fujimidai)
Relations: Money
deposits & transfers only
(In Million Yen)
NOT DISCLOSED AND UNAVAILABLE
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.70 |
|
|
1 |
Rs.87.54 |
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Euro |
1 |
Rs.68.85 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 SCs 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.