MIRA
INFORM REPORT
|
Report Date : |
01.12.2008 |
IDENTIFICATION
DETAILS
|
Name : |
NIKKO DENKO AMERICA,
INC. |
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Registered Office : |
48500 Fremont Blvd, Fremont, CA 94538 |
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Country : |
United States |
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Date of Incorporation : |
06.04.2000 |
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Com. Reg. No.: |
C2228676 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Company uses high polymer materials to develop products, such as semiconductor
encapsulating materials, materials and systems for semiconductor processing,
flexible printed circuits and polarizing and retardation films for LCD |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 500,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company
Name
NIKKO DENKO AMERICA, INC.
Company acronym:
-
Contact Information
|
Address |
48500 Fremont Blvd Fremont, CA 94538 USA |
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Telephone |
510-445-5400 |
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Fax |
510-445-5480 |
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Website |
www.nittousa.com |
Registration Data
|
Date of Registration |
April 6, 2000 |
|
Registration number |
C2228676 |
|
Legal address |
48500 Fremont Blvd Fremont, CA 94538 USA |
|
Legal Form |
Corporation – Profit |
Shareholders
with Shares
|
Shareholder Names |
Share% |
|
NITTO DENKO CORPORATION HERBIS OSAKA, 2-5-25, Umeda, Kita-ku, Osaka 530-0001, Japan |
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Board/Executive
|
Name |
Jun YAMASHITA |
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Position within the company |
President & CEO |
|
Name |
Ms. Robin ANDREW |
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Position within the company |
COO |
Changes in
Registration Data
None recorded
Activities
(realistic and officials)
Since incorporation in 1969, Nitto Denko America has used its resources to
help customers develop products with Nitto Denko’s opto-electronics materials.
The company uses high polymer materials to develop products, such as
semiconductor encapsulating materials, materials and systems for semiconductor
processing, flexible printed circuits and polarizing and retardation films for
LCD. Nitto Denko America serves clients worldwide in various markets, such as
optical displays, semiconductors, hard disk drives, cellular phones, automotive
and health care. Nitto Denko America includes several companies: Aveva
manufactures transdermal drug delivery systems; Permacel manufactures pressure
sensitive tapes; Permacel Automotive manufactures anti-vibration and dampening
materials; and Hydranautics manufactures membranes for reverse osmosis.
Staff
|
Number of staff employed |
23 |
Export/Import
(Countries, goods and total values for the period)
|
Imports From |
Far East |
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Exports To |
- |
Facilities
|
Rented |
Warehouse, workshop and Office |
|
Premises Size |
10,000 sq. feet |
Subsidiaries
and Participation
|
Parent Company |
NITTO DENKO CORPORATION |
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Subsidiaries |
HYDRANAUTICS 401 Jones Road, Oceanside, CA 92054 Ph: 760-901-2500 Fx: 760-901-2578 |
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Affiliates |
- |
Bankers
|
Bank |
US Bancorp |
Suppliers,
Partners
|
Suppliers |
Not known |
|
Partners |
Not known |
Litigation,
Remarks on Payment
|
Litigation |
None Recorded |
|
Remarks on Payment |
No Complaints |
Financial
Information
|
Source |
Bank |
|
Figures are |
Declared |
|
Currency |
USD |
|
Months |
Sales Figures |
Sales |
|
12 |
31/12/2007 |
26,000,000= |
Reporter Comments
|
Comments |
The present report was controlled with a
financial executive. |
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Local Reputation |
The company being investigated is believed by local reporters to be a Low Trade Risk and to be fair. According to our credit analysts, during the last 6 months, 92% of
trade experience indicates a regular payment. Payments of imports are currently made with an average of 2 to 5
days beyond terms. |
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MAX CREDIT |
USD 500,000= |
|
CREDIT REQUIRED |
MAXIMUM CREDIT |
|
Maximum |
USD 500,000= |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.09 |
|
UK Pound |
1 |
Rs.76.68 |
|
Euro |
1 |
Rs.63.48 |
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 |
|
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. 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 |
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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%)