MIRA INFORM REPORT
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Report Date : |
30.09.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
J- DEVICES CORPORATION |
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Registered Office : |
2820-2 Minami-Kitsuki Kitsuki City
Oita-Pref 873-0002 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
November 1970 |
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Com. Reg. No.: |
(Oita-Kitsuki) 005278 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer of semiconductors |
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 3,899.8 Million |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Regular |
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Litigation : |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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
J- DEVICES CORPORATION
REGD NAME
KK J-Devices
MAIN OFFICE
2820-2 Minami-Kitsuki
Kitsuki City Oita-Pref 873-0002 JAPAN
Tel:
0978-63-5676 Fax: 0978-63-2388
*.. The given address is one of its factories
URL: http://www.j-devices.co.jp
E-Mail address: info@j-devices.co.jp
ACTIVITIES
Mfg of
semiconductors
BRANCHES
Tokyo,
Kawasaki
FACTORIES
At the
caption address, Fukura (as given), Fukuoka
OFFICERS
YOSHIFUMI
NAKAYA, PRES Naohiko
Urasaki, v pres
Koji
Ino, s/mgn dir J
Kim, dir
Masaaki
Kinukawa, dir Tadatoshi
Kinukawa, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 51,561 M
PAYMENTS REGULAR CAPITAL Yen 1,770 M
TREND STEADU WORTH Yen
24,745 M
STARTED 1970 EMPLOYES 2,070
COMMENT
MFR OF SEMICONDUCTORS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 3,899.8 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by S Nakaya in order to make most of
his experience in the subject line of business.
This is a specialized maker of semiconductors. In 2010, received capital investment from
Amkor Technologies Inc, USA and Toshiba Corp, and sales rose. Clients are Toshiba Crop and semiconductor
mfrs, nationwide.
FINANCIAL INFORMATION
The sales volume for Mar/2011 fiscal term amounted to Yen 51,561
million, a 109% up from Yen 24,626 million in the previous term. Sales network expanded by the said capital
participation of Amkor Technologies and Toshiba Corp. The recurring profit was posted at Yen 3,003
million and the net profit at Yen 1,811 million, respectively, compared with
Yen 949 million recurring profit and Yen 658 million net profit, respectively,
a year ago.
For the current term ending Mar 2012 the recurring profit is projected
at Yen 3,100 million and the net profit at Yen 1,900 million, respectively, on
a 5% rise in turnover, to Yen 54,000 million.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 3,899.8 million, on 30 days normal terms.
REGISTRATION
Date Registered: Nov 1970
Regd No.: (Oita-Kitsuki) 005278
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized:
141 million shares
Issued:
35 million shares
Sum: Yen 1,770 million
Major shareholders (%): Amkor Technologies, USA (30),
Toshiba Corp (10)
No. of shareholders: 8
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Manufactures
semiconductors (100%)
Clients: [Mfrs] Toshiba
Corp, other
No. of accounts: 100
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs, wholesalers]
Advantest Corp, Yokogawa Electric Corp, Tokyo Electron Co, SKT Technologies,
Kyocera Chemical, other
Payment record: Regular
Location:
Business area in Oita. Office premises
at the caption address are owned and maintained satisfactorily.
Bank References:
Oita
Bank (H/O)
SMBC
(Oita)
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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54,000 |
51,561 |
24,626 |
4,296 |
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Recur.
Profit |
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3,100 |
3,003 |
949 |
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Net
Profit |
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1,900 |
1,811 |
658 |
-303 |
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Total
Assets |
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24,745 |
23,473 |
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Current
Assets |
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13,168 |
12,469 |
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Current
Liabs |
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13,958 |
13,329 |
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Net
Worth |
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24,745 |
23,473 |
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Capital,
Paid-Up |
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1,770 |
1,770 |
1,770 |
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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 |
4.73 |
109.38 |
473.23 |
-39.49 |
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Current Ratio |
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.. |
94.34 |
93.55 |
.. |
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N.Worth Ratio |
.. |
100.00 |
100.00 |
.. |
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R.Profit/Sales |
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5.74 |
5.82 |
3.85 |
.. |
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N.Profit/Sales |
3.52 |
3.51 |
2.67 |
-7.05 |
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Return On Equity |
.. |
7.32 |
2.80 |
.. |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/03/2012 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.48.93 |
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UK Pound |
1 |
Rs.76.52 |
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Euro |
1 |
Rs.66.65 |
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 |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.