MIRA
INFORM REPORT
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Report Date : |
13.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
RAMBUS KK |
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Registered Office : |
Shiroyama Trust Tower 34F, 4-3-1 Toranomon Minatoku Tokyo 105-0001 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
February 1992 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Provider of networking & interface solutions &
engineering services |
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
YEN 4.5 Million |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
name & address
RAMBUS KK
REGD NAME: Rambus KK
MAIN OFFICE: Shiroyama Trust Tower 34F, 4-3-1 Toranomon
Minatoku Tokyo 105-0001 JAPAN
Tel:
0-4580-6800
URL: http://www.rambus.com/jp
E-Mail address: (thru
the URL)
ACTIVITIES
Provider of networking & interface solutions &
engineering services
BRANCHES
Nil
FACTORY (IES)
(subcontracted)
OFFICER(S)
ERIC RIES, PRES
Yoshihito Koya, marketing mgr
Yen Amount: In
million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 250 M
PAYMENTS REGULAR CAPITAL Yen 95 M
TREND STEADY WORTH Yen 116 M
STARTED 1992 EMPLOYES 10
COMMENT
INTERFACE SOLUTION PROVIDER, WHOLLY OWNED BY RAMBUS INC,
USA.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 4.5 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Rambus Inc, USA, as its marketing base in Japan. Specializes in providing networking & interface solutions and engineering services to chip & system companies. Interface solutions enable state-of-the art performance in PCs, video game consoles, printers, digital TVs, set-top boxes, video projectors, network switches & routers, and engineering services support customers from chip design to system integration & volume production, as stressed by the firm. Products are wholly supplied from the US parent & partners. Domestic clients include semi-conductor mfrs, system devices makers, AD agencies, other, nationwide.
FINANCIAL INFORMATION
The firm does not disclose full financials, except the following very partial figures in rounded-off numbers, saying those are consolidated by the US parent.
The sales volume for Dec/2007 fiscal term amounted to Yen 250 million, a similar amount in the previous term. The net profits are not disclosed, but are believed posted at Yen 3 million, similarly in the previous period, as gathered from outside sources.
For the current term ending Dec 2008 the net profit is projected at Yen 3 million, on a 4% rise in turnover, to Yen 260 million.
The financial situation is considered maintained FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 4.5 million, on 30 days normal terms.
REGISTRATION
Date Registered: Feb 1992
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 190,000 shares
Issued: 190,000 shares
Sum: Yen 95 million
Major shareholders (%)
Rambus Inc, USA (100)
Nothing detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Provides networking & interface solutions & engineering services catering to chip & system firms (--100%).
(Products):
XDR: memory solution with performance up to 8 GHz;
Custom Solutions: sophisticated memory & logic design for challenging system Implementation;
RDRAM: high-performance memory for computing & consumer electronics;
DDR: digital controllers & physical interfaces for DRR2 & DRR3;
Partner Products: digital logic & physical interfaces for PCI ExpressR, fabric channel & other networking interfaces. (Cited from the firm’s Website)
Clients
Semiconductor mfrs, system device mfrs, AD agencies, other
No. of accounts: 300
Domestic areas of activities: Nationwide
Suppliers
[Mfrs] Supplied from Rambus Inc (USA) and its group companies.
Payment record: Regular
Location
Business area in Tokyo. Office premises at the caption address are leased and maintained satisfactorily.
Bank References
MUFG (H/O)
Relations: Satisfactory
FINANCES: (In Million Yen)
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Terms Ending: |
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31/12/2008 |
31/12/2007 |
31/12/2006 |
31/12/2005 |
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Annual
Sales |
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260 |
250 |
250 |
220 |
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Recur.
Profit |
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Net
Profit |
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3 |
3 |
3 |
1 |
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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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116 |
113 |
110 |
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Capital,
Paid-Up |
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95 |
95 |
95 |
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Div.P.Share(¥) |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
4.00 |
0.00 |
13.64 |
10.00 |
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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 |
1.15 |
1.20 |
1.20 |
0.45 |
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Notes: Financials are only partially disclosed.
Net profits are only estimated by us, as they have not been
disclosed.
Forecast (or estimated) figures for the 31/12/2008 fiscal
term.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.94 |
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UK Pound |
1 |
Rs.82.84 |
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Euro |
1 |
Rs.65.95 |
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%)