MIRA
INFORM REPORT
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Report Date : |
31.10.2011 |
IDENTIFICATION DETAILS
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Name : |
UMC ELECTRONICS CO LTD |
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Registered Office : |
721 Kawarabuki Ageo Saitama-Pref 362-0022 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2011 |
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Year of Establishment : |
January 1968 |
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Com. Reg. No.: |
(Saitama-Ageo) 044117 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer of printed wired board (PCB) |
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 296.3 Million |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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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 |
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Risk Category |
ECGC Classification |
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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
UMC ELECTRONICS CO LTD
REGD NAME: UMC
Electronics KK
MAIN OFFICE: 721 Kawarabuki
Ageo Saitama-Pref 362-0022 JAPAN
Tel: 048-724-0001 Fax: 048-724-0005
URL: http://www.umc.co.jp
E-Mail address: (thru the URL)
ACTIVITIES
Mfg of printed
wired board (PCB)
BRANCHES
Saitama, Nagoya,
Osaka, Miyazaki
OVERSEAS
China, Vietnam
(--factories)
FACTORIES
Ageo, Miyazaki
OFFICERS
SHIGEKI UCHIYAMA,
PRES Shigeru Uchiyama, ch
Hisao Uchiyama, v
ch Osamu
Uchiyama, v ch
Yukio Kobayashi,
s/mgn dir Maruhito
Nagamine, s/mgn dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 16,412 M
PAYMENTS REGULAR CAPITAL Yen 298 M
TREND STEADY WORTH Yen
3,972 M
STARTED 1968 EMPLOYES 225
COMMENT
MFR OF ELECTRONICS PRODUCTS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT:
YEN 296.3 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established
by Shigeru Uchiyama in order to make most of his experience in the subject line
of business. This is a specialized mfr
of electronics products: PCB (printed circuit board), PWB, other. Operates three overseas factories: China (2)
and Vietnam. Clients include major
electronics mfrs nationwide.
FINANCIAL INFORMATION
The sales volume for Mar/2011 fiscal
term amounted to Yen 16,412 million, a 4% up from Yen 15,855 million in the
previous term. Demand rose in China and
other S/E Asian countries. Production in
Vietnam keeps expanding. The recurring
profit was posted at Yen 522 million and the net profit at Yen 402 million,
respectively, compared with Yen 425 million recurring profit and Yen 35 million
net profit, respectively, a year ago.
For the current term ending Mar 2012
the recurring profit is projected at Yen 550 million and the net profit at Yen
450 million, respectively, on a 10% rise in turnover, to Yen 18,000
million. Business is seen expanding
steadily.
The financial situation is considered FAIR
and good for ORDINARY business engagements.
Max credit limit is estimated at Yen 296.3 million, on 30 days normal
terms.
REGISTRATION
Date Registered: Jan
1968
Regd No.: (Saitama-Ageo) 044117
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 1.3 million shares
Issued: 338,000 shares
Sum: Yen 298 million
Major
shareholders (%): Uchiyama Holdings (42.6), H Uchiyama Holdings (19.2),
O Uchiyama Holdings (16.4), Shoko Chukin
Bank (4.3), Mizuho Bank (3.2)
No. of shareholders: 34
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Manufactures
electronics products (PCB, PWB, other): for automobiles (30%), industrial
machinery (20%), amusements (8%), others (12%).
(Export/import 80%)
Clients: [Mfrs, wholesalers]
Panasonic Corp, Toko Toshiba Meter Systems, Sofia Holdings Co, Toshiba Tech
Corp, Furukawa Automotive Systems Inc, Stanley Electric Co, Calsonic Kansei
Corp, other
No. of accounts:
500
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs, wholesalers]
Calsonic Kansei Corp, Stanley Electric Co, Satori Electric Co, Panasonic Corp,
Honda Lock Co, Kyocera Elco Corp, other
Payment record: Regular
Location: Business area in
Ageo City, Saitama-Pref. Office premises
at the caption address are owned and maintained satisfactorily.
Bank References:
Mizuho Bank
(Omiya-Ekimae)
Shoko Chukin Bank
(Saitama)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
31/03/2012 |
31/03/2011 |
31/03/2010 |
31/03/2009 |
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Annual
Sales |
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18,000 |
16,412 |
15,855 |
16,457 |
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Recur.
Profit |
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550 |
522 |
425 |
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Net
Profit |
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450 |
402 |
35 |
7 |
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Total
Assets |
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17,950 |
16,125 |
14,768 |
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Current
Assets |
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7,637 |
7,518 |
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Current
Liabs |
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8,722 |
7,665 |
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Net
Worth |
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3,972 |
3,617 |
3,615 |
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Capital,
Paid-Up |
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|
298 |
298 |
298 |
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Div.P.Share(¥) |
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100.00 |
100.00 |
100.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
9.68 |
3.51 |
-3.66 |
-26.02 |
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Current Ratio |
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.. |
87.56 |
98.08 |
.. |
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N.Worth Ratio |
.. |
22.13 |
22.43 |
24.48 |
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R.Profit/Sales |
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3.06 |
3.18 |
2.68 |
.. |
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N.Profit/Sales |
2.50 |
2.45 |
0.22 |
0.04 |
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Return On Equity |
.. |
10.12 |
0.97 |
0.19 |
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Notes: Forecast
(or estimated) figures for the 31/03/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.48.82 |
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|
1 |
Rs.78.57 |
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Euro |
1 |
Rs.69.28 |
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.