MIRA
INFORM REPORT
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Report Date : |
02.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
NIHON SYNOPSYS CO LTD |
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Registered Office : |
SuSumitomo
Fudosan O’imachi-Ekimae Bldg 14F, 1-28-1 O’i Shinagawaku, Tokyo 14-00 0014 |
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Country : |
Japan |
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Financials (as on) : |
31.10.2006 |
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Date of Incorporation : |
September 1986 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Development, Wholesale of Semiconductor Design/Mfg
Software |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
YEN 221.6 Million |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
name of the company
NIHON SYNOPSYS CO LTD
REGD NAME: Nihon Synopsys KK
MAIN OFFICE
Sumitomo Fudosan O’imachi-Ekimae Bldg 14F, 1-28-1 O’i Shinagawaku
Tokyo 140-0014JAPAN
Tel: 03-5746-1500 Fax:
03-5746-1550
URL
E-Mail address
ACTIVITIES
Development, wholesale of semiconductor design/mfg software
BRANCHES
Osaka
OFFICER(S)
KIMIO FUJII, PRES
Brian E Cabrera, dir (v pres at the US parent, Synopsys Inc)
Geoffrey E Sloma, dir (from US parent)
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 14,500 M
PAYMENTS REGULAR CAPITAL Yen 40 M
TREND SLOW WORTH Yen 113 M
STARTED 1986 EMPLOYES 186
COMMENT
WHOLESALE OF SEMICONDUCTOR MFG SOFTWARE/TOOOLS,
WHOLLY OWNED BY SYNOPSYS INC,
USA.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT
YEN 221.6 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The
subject company was established by Synopsys Inc, USA, as its marketing arm in
Japan. The subject firm specializes in
wholesaling ASIC/System On Chip (System LSD) designing software and related
products. Software is also locally
developed on licenses from the US parent.
Mfg is subcontracted. Clients
are major electronics mfrs nationwide.
Reported: In Jan 2008, Matsushita Electric Ind
employed the system “IC Compiler” of its Extended Physical Synthesis (XPS)
technology to utilize it as wiring/power distribution solutions.
FINANCIAL INFORMATION
Financials
are only partially disclosed.
The
sales volume for Oct/2006 fiscal term amounted to Yen 14,500 million, a 40%
down from Yen 24,000 million in the previous term. The business severely hurt by slowdown in semiconductor mfg
business. The operations incurred a
deficit to register Yen 2 million net losses.
For
the term ended Oct 2007 the net profit is reportedly posted at Yen 8 million,
on a 31% rise in turnover, to Yen 19,000 million. Semiconductor business revived.
The
financial situation is considered FAIR and good for ORDINARY business
engagements. Max credit limit is
estimated at Yen 113 million, on 30 days normal terms.
REGISTRATION
Date Registered:Sept 1986
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 800
shares
Issued: 800
shares
Sum: Yen
40 million
Major shareholders (%)
Synopsys Inc, USA (100)
Nothing detrimental is known as to the commercial morality
of executives.
OPERATION
Activities: Develops and
wholesales semiconductor designing/mfg solutions software and the related products
(--100%).
Handling
Items:
Design
Platforms: Galaxy Design Platform (Design for low power, design
for test, design for yield, RTL synthesis, physical implementation, sign-off,
liberty CCS, SDC, milkway;
Designware
IP: datapath & infrastructure IP, verification IP, IP cores,
star IP, foundry libraries, IP reuse tools;
Discovery
Verification Platform: analysis & debug tools, low-power
verification, system analysis, smart RTL verification, functional equivalence checking,
mixed-signal, system level solutions, languages;
Design
for Mfg: design-yield analysis, mask synthesis, mask data
preparation, lithography verification, TCAD, mfg yield management.
Clients
[Electronics mfrs] Hitachi Ltd, Matsushita
Electric Ind, Toshiba Corp, Mitsubishi
Electric Corp, Oki Electric Ind,
other
No. of accounts
300
Domestic areas of activities
Nationwide
Suppliers
[Mfrs] Supplied wholly from Synopsys KFT (Synopsys Inc, USA)
and group firms.
Payment record
Regular
Location
Business
area in Tokyo. Office premises at the
caption address are leased and maintained satisfactorily.
Bank References
SMBC (Shibuya-Ekimae)
Mizuho Bank (Shinagawa)
Relations: Satisfactory
FINANCES: (In Million Yen)
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Terms Ending: |
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31/10/2007 |
31/10/2006 |
31/10/2005 |
31/10/2004 |
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Annual Sales |
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19,000 |
14,500 |
24,000 |
19,200 |
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Recur. Profit |
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Net Profit |
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8 |
-2 |
10 |
-4 |
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Total Assets |
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N/A |
N/A |
N/A |
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Net Worth |
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113 |
115 |
105 |
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Capital, Paid-Up |
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40 |
40 |
40 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
0.00 |
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<Analytical
Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
31.03 |
-39.58 |
25.00 |
-23.20 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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.. |
.. |
.. |
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N.Profit/Sales |
0.04 |
-0.01 |
0.04 |
-0.02 |
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Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 31/10/2007 fiscal
term.
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%)