MIRA INFORM REPORT

Report Date :

11.02.2012

IDENTIFICATION DETAILS

Name :	TYCO ELECTRONICS JAPAN GK

Registered Office :	3-5-8 Hisamoto Takatsuku Kawasaki Kanagawa-Pref 213-0011

Country :	Japan

Financials (as on) :	30.09.2011

Date of Incorporation :	July 1957

Com. Reg. No.:	(Kawasaki-Takatsuku) 006415

Legal Form :	Limited Liability Company

Line of Business :	Manufacturer of electronics parts & components

No. of Employees :	1,600

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
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

Maximum Credit Limit :	Yen 2,712.6 Million
Status :	Good
Payment Behaviour :	Regular
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)

Japan

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Company name and address

TYCO ELECTRONICS JAPAN GK

REGD NAME: Tyco Electronics Japan GK

MAIN OFFICE: 3-5-8 Hisamoto Takatsuku Kawasaki Kanagawa-Pref 213-0011 JAPAN

Tel: 044-844-8111 Fax: 044-812-3200

URL: http://www.te.com/japan

E-Mail address: (thru the URL)

ACTIVITIES

Mfg of electronics parts & components

BRANCHES

Osaka, Toyoda, Kawasaki, Tsukuba

FACTORIES

Shizuoka (2)

OFFICERS

SHU EBE, PRES

Minoru Okamoto, rep dir

Tsutomu Oshima rep dir

Yen Amount: In million Yen, unless otherwise stated

SUMMARY

FINANCES FAIR A/SALES Yen 150,000 M

PAYMENTS REGULAR CAPITAL Yen 17,300 M

TREND UP WORTH Yen 100,052 M

STARTED 1957 EMPLOYES 1,600

COMMENT

MFR OF ELECTRONICS PARTS & COMPONENTS, OWNED BY TYCO

ELECTRONICS INC, USA.

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

MAX CREDIT LIMIT: YEN 2,712.6 MILLION, 30 DAYS NORMAL TERMS

HIGHLIGHTS

The subject company was established by Tyco Electronics Corp, USA, as its marketing base in Japan. This is a specialized mfr of electronics parts & components (See OPERATION). Domestic clients include major automakers, electronics makers, other.

FINANCIAL INFORMATION

The sales volume for Sept/2011 fiscal term amounted to Yen 150,000 million, a 7% up from Yen 140,000 million in the previous term. The net profit is not precisely disclosed and estimated posted at Yen 3,000 million, compared with Yen 2,800 million a year ago.

For the current term ending Sept 2012 the net profit is projected at Yen 3,100 million, on a 3% rise in turnover, to Yen 155,000 million.

The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 2,712.6 million, on 30 days normal terms.

REGISTRATION

Date Registered: July 1957

Regd No.: (Kawasaki-Takatsuku) 006415

Legal Status: Limited Liability Company (Godo Kaisha)

Authorized: 34,600 shares

Issued: 34,600 shares

Sum: Yen 17.3 million

Major shareholders (%): Tyco Elect6ronics Corporation, USA (100)

Nothing detrimental is known as to the commercial morality of executives.

OPERATION

Activities: Manufactures electronics parts & components (--100%)

Mfg items: Circuit protection, connectors & connector components, fiber optics & fiber management solutions, filters, identification products, passive components, relays, switches & sensors, tooling products, touch solutions, tubing & harnessing products, wire, cable, cable assemblies, wireless coverage & capacity solutions, other.

Clients: [Automakers, mfrs, wholesalers] Toyota Motor, Hitachi Ltd, Sony Corp, Panasonic Corp, Fujitsu Ltd, Nissan Motor, Mazda Motor, Honda Motor, Omron Corp, other

No. of accounts: 500

Domestic areas of activities: Nationwide

Suppliers: [Mfrs, wholesalers] Kobe Steel, Furukawa Electric Ind, Mitsubishi Engineering Plastics, Asahi Kasei Corp, Mitsubishi Shindoh Co, Tanaka Kikinzoku Kogyo, other

Payment record: Regular

Location: Business area in Kawasaki. Office premises at the caption address are leased and maintained satisfactorily.

Bank References:

City Bank (H/O)

SMBC (Mizonokuchi)

Relations: Satisfactory

FINANCES

(In Million Yen)

Terms Ending:	30/09/2012	30/09/2011	30/09/2010	30/09/2009
Annual Sales	155,000	150,000	140,000	100,000
Recur. Profit
Net Profit	3,100	3,000	2,800	2,000
Total Assets		N/A	N/A	N/A
Net Worth		100,052	97,952	78,352
Capital, Paid-Up		17,300	17,300	17,300
Div.P.Share(¥)		0.00	0.00	0.00
*<Analytical Data>*	(%)	(%)	(%)	(%)
S.Growth Rate	3.33	7.14	40.00	-13.45
Current Ratio		..	..	..
N.Worth Ratio		..	..	..
N.Profit/Sales	2.00	2.00	2.00	2.00

Notes: Financials are only partially disclosed. Profits are not disclosed and estimated only.

Forecast (or estimated) figures for the 30/09/2012 fiscal term.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.49.64
UK Pound	1	Rs.78.35
Euro	1	Rs.65.79

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
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
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
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
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
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
--	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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.