MIRA INFORM REPORT
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Report Date : |
27.02.2012 |
IDENTIFICATION DETAILS
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Name : |
SILICON PLUS CORPORATION |
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Registered Office : |
Okachi-Kayabacho Bldg 8F, 1-3-12 Nihombashi-Kayabacho Chuoku 103-0025, |
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Country : |
Japan |
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Date of Incorporation : |
January 2006 |
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Com. Reg. No.: |
0100-01-120805 (Tokyo-Chuoku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Processing of solar cells |
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No. of Employees
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50 (Approx.) |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment
Behaviour : |
Unknown |
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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 – September 30th, 2011
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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 |
SILICON PLUS CORPORATION
KK Silicon Plus
Okachi-Kayabacho Bldg
8F, 1-3-12 Nihombashi-Kayabacho Chuoku 103-0025, JAPAN
Tel:
03-5614-2822
URL: N/A
Processing
of solar cells
Nil
Yamagata
EIZO
WATANABE, PRES
Yuki
Watanabe, dir
Takanori
Honma, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES UNDISCLOSED
PAYMENTS Unknown CAPITAL Yen 80
M
TREND UNDETD WORTH UNDISCLOSED
STARTED 2006 EMPLOYES 50 (approx)
PROCESSOR OF SOLAR CELLS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: UNABLE TO BE
ASSESSED DUE TO THE LACK OF PROVEN BUSINESS.
The subject company was established by Eizo Watanabe in order to make most
of his experience in the subject line of business. This is a processor of solar cells. Material solar grade silicon is supplied from
Elkem Japan, of Norwegian capital, mfr of solar grade silicon, silicon And the
firm processes the silicon “ESS” at the Yamagata Plant into ingots and wafers
and shipped back to Elkem Japan. Clients
include semiconductor mfrs.
Financial are not disclosed. The
firm declined to disclose them, saying that anything that are material in
transactions are disclosed to the direct partners and clients, and not to be
openly disclosed to third parties.
The financial situation is considered FAIR and good for ORDINARY
business engagements. We rate this from
the business relationships with Elkem Japan, who recently donated roof-top
solar cells to the earthquake-stricken schools.
Max credit limit is unable to be assessed due to the lack of proven
business records, which the owner declined to disclose.
Date Registered: Jan 2006
Regd No.: 0100-01-120805 (Tokyo-Chuoku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
6,400 shares
Issued: 1,600 shares
Sum: Yen 80 million
Major shareholders (%): Eizo Watanabe (100)
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures and
processes solar cells (100%).
Clients: Semiconductor
mfrs, other
No. of accounts: 100
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Elkem Japan, Daiichi Bussan Co, Yamagata Sanso Corp, other
Payment record: Unknown
Location:
Business area in Tokyo. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References:
MUFG
(Aoyamadori)
Relations:
Satisfactory
(In Million Yen)
NOT DISCLOSED AND UNAVAILABLE
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.07 |
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UK Pound |
1 |
Rs.77.19 |
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Euro |
1 |
Rs.65.57 |
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.