MIRA
INFORM REPORT
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Report Date : |
24.10.2011 |
IDENTIFICATION DETAILS
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Name : |
KODENSHI CORP |
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Registered Office : |
161 Juichi Makishimacho Uji Kyoto-Pref
611-0041 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2011 |
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Year of Establishment : |
June 1973 |
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Com. Reg. No.: |
(Kyoto-Uji) 032985 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer of
semiconductor |
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 392.2 Million |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Japan
|
A1 |
A1 |
|
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 |
Company name and address
KODENSHI CORP
REGD NAME: Kodenshi
KK
MAIN OFFICE: 161 Juichi
Makishimacho Uji Kyoto-Pref 611-0041 JAPAN
Tel: 0774-23-7111 Fax: 0774-24-1032
URL: http://www.kodenshi.co.jp
E-Mail address: (thru the URL)
ACTIVITIES
Mfg of
semiconductor
BRANCHES
Tokyo
OVERSEAS
Korea, China (2),
Hong Kong, Singapore, USA
FACTORIES
Kyoto (5 including
laboratory)
OFFICERS
IKUO YAMAMOTO,
PRES
Hirokazu Nakashima, ch
Kunio Nakashima, dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 15,630 M
PAYMENTS REGULAR CAPITAL Yen 933 M
TREND STEADY WORTH Yen
4,687 M
STARTED 1973 EMPLOYES 290
COMMENT
MFR OF SEMICONDUCTORS.
FINANCIAL SITUATION CONSIDERED FAIR TO GOOD
AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT:
YEN 392.2 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established
by Hirokazu Nakashima in order to make most of his experience in the subject
line of business. This is a specialized
mfr of semiconductor: integrated circuit, encoder (printing machine for tapes
& cards), electronic products, electronic measuring instruments,
other. Clients include major electronic
makers nationwide.
FINANCIAL INFORMATION
The sales volume for Mar/2011 fiscal
term amounted to Yen 15,630 million, a 31% up from Yen 11,971 million in the
previous term. LED & sensors were
much in demand from China and other S/E countries. The recurring profit was posted at Yen 1,062
million and the net profit at Yen 629 million, respectively, compared with Yen
487 million recurring profit and Yen 168 million net profit, respectively, a
year ago.
For the current term ending Mar 2012
the recurring profit is projected at Yen 1,100 million and the net profit at
Yen 640 million, respectively, on a 5% rise in turnover, to Yen 16,400
million. Exports continue brisk. Demand in Japan has also risen.
The financial situation is considered FAIR
to GOOD and good for ORDINARY business engagements. Max credit limit is estimated at Yen 392.2
million, on 30 days normal terms.
REGISTRATION
Date Registered: Jun
1973
Regd No.:
(Kyoto-Uji) 032985
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 2 million shares
Issued: 527,000 shares
Sum: Yen 933.757 million
Major
shareholders (%): Hirokazu Nakashima (43.0), Hikari Electronics (11.0),
Osaka Small & Medium Corporation
Investment & Promotion Co (8.3), Kunio Nakashima (7.6), Employees’
S/Holding Assn (4.7)
No. of shareholders: 21
Nothing detrimental
is known as to the commercial morality of executives.
OPERATION
Activities: Manufactures
semiconductors: integrated circuit (CI), LED, semiconductor chips, optical
devices, optical sensors, other related (--100%)
Clients: [Mfrs, wholesalers]
Canon Inc, Tokai Electronics, Glory Ltd, Seiko Epson, Hitachi Ltd, Toshiba
Corp, Sony Corp, Fujitsu Ltd, Fanuc Corp, other
No. of accounts:
500
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Kimura Plastics, Panasonic Semiconductor Discreet Device, Totsu
Rare Earth, other
Payment record: Regular
Location: Business area in
Uji City, Kyoto-Pref. Office premises at
the caption address are owned and maintained satisfactorily.
Bank References:
MUFJ (Kyoto-Chuo)
Bank of Kyoto (H/O)
Relations: Satisfactory
FINANCES
(In Million Yen)
|
Terms Ending: |
31/03/2012 |
31/03/2011 |
31/03/2010 |
31/03/2009 |
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Annual
Sales |
|
16,400 |
15,630 |
11,971 |
13,281 |
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Recur.
Profit |
|
1,100 |
1,002 |
487 |
401 |
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Net
Profit |
|
640 |
629 |
168 |
209 |
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Total
Assets |
|
|
12,706 |
11,416 |
9,936 |
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Current
Assets |
|
|
7,806 |
7,025 |
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Current
Liabs |
|
|
5,484 |
5,055 |
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Net
Worth |
|
|
4,687 |
4,111 |
3,991 |
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Capital,
Paid-Up |
|
|
933 |
933 |
933 |
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Div.P.Share(¥) |
|
|
200.00 |
100.00 |
100.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
4.93 |
30.57 |
-9.86 |
-11.38 |
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Current Ratio |
|
.. |
142.34 |
138.97 |
.. |
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N.Worth Ratio |
.. |
36.89 |
36.01 |
40.17 |
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R.Profit/Sales |
|
6.71 |
6.41 |
4.07 |
3.02 |
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N.Profit/Sales |
3.90 |
4.02 |
1.40 |
1.57 |
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Return On Equity |
.. |
13.42 |
4.09 |
5.24 |
|
Notes: Forecast
(or estimated) figures for the 31/03/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.06 |
|
|
1 |
Rs.79.15 |
|
Euro |
1 |
Rs.69.03 |
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 |
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 |
-- |
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.