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Report Date : |
03.08.2013 |
IDENTIFICATION DETAILS
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Name : |
JAY ENTERPRISES LIMITED |
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Registered Office : |
3-7-6 Noge Setagayaku Tokyo 158-0092 |
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Country : |
Japan |
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Date of Incorporation : |
March 2001 |
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Com. Reg. No.: |
0109-01-016934 |
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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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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 : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 |
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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 |
COMPANY NAME
JAY ENTERPRISES
LIMITED
KK J Enterprise
3-7-6 Noge Setagayaku 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 UNDETD WORTH Yen
100 M*
STARTED 2001 EMPLOYES 3
*.. Financials are not disclosed and the figures are all estimated
EXPORTER OF USD PRINTING MACHINES.
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 export of used
printing machines, mostly manufactures by Fujitsu Ltd. Destinations are China, India, Malaysia, USA,
UK, Germany, Nepal, other.
Financials are not disclosed and are estimated only as follows.
The sales volume for Dec/2012 fiscal term amounted to Yen 500 million, a
similar amount in the previous
term. The net profit is believed posted
at Yen 10 million, but the figures are only estimated. The owner declined to disclose them.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is unable to be assessed due to the lack of proven business, which the owner
declined to disclose together with financials.
Date Registered: Mar
2001
Regd No.: 0109-01-016934
(Tokyo-Setagayaku)
Legal Status: Limited Company (Kabushiki
Kaisha)
Authorized: 1,600 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 used
printing machines (100%)
(Handling Items): offset printing
machines, label printing machines, commercial web offset printing machines, business
form printing machines, paper cutting machines, die cutting machines, bindery
equipment, paper folding machines, automatic folder machines, paper bag making
machines, others, all used
Clients: [Mfrs,
wholesalers] Exports to India, China, Malaysia, Indonesia, USA, France,
Germany, UK, Nepal, other
No. of accounts:
Unavailable
Domestic areas of
activities: Centered in greater-Tokyo
Suppliers: [Mfrs,
wholesalers] Fujitsu Limited
Payment record: Unknown
Location: Business area in
Tokyo. Office premises at the caption
address are owned by P J Sunish as his private residence and maintained
satisfactorily.
Bank References:
MUFG (Setagaya)
Yachiyo Bank (Jiyugaoka)
Relations: Satisfactory
(In Million Yen)
NOT DISCLOSED AND
UNAVAILABLE.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.80 |
|
|
1 |
Rs.91.95 |
|
Euro |
1 |
Rs.80.36 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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 |
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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.