MIRA INFORM REPORT

 

 

Report Date :

09.07.2012

 

IDENTIFICATION DETAILS

 

Name :

MEMC JAPAN LTD

 

 

Registered Office :

11-2 Kiyohara Industrial Park Utsunomiya City Tochigi-Pref 321-3231

 

 

Country :

Japan

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

December 1979

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Manufacturer of silicon wafer

 

 

No. of Employees :

410

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

Payment Behaviour :

No Complaints

Litigation :

Clear

 

 

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, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Japan

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

Company name

 

MEMC JAPAN LTD

 

 

REGD NAME

 

MEMC KK

 

 

MAIN OFFICE

 

11-2 Kiyohara Industrial Park Utsunomiya City Tochigi-Pref 321-3231 JAPAN

Tel: 028-667-6333      Fax: 028-667-9000

 

URL:                             http://www.memc.co.jp

E-Mail address:                        (thru the URL)

 

 

ACTIVITIES

 

Mfg of silicon wafer

 

 

BRANCHES

 

Tokyo

 

 

FACTORIES

 

At the caption address

 

 

OFFICERS

 

TAKAYUKI MUNETA, PRES                  

 

Yen Amount:     In million Yen, unless otherwise stated

 

SUMMARY    

 

FINANCES                    FAIR                             A/SALES          Yen 40,000 M

PAYMENTS      No Complaints          CAPITAL           Yen 7,500 M

TREND             SLOW                          WORTH                        Yen 12,620 M

STARTED                     1979                             EMPLOYES      410

 

 

COMMENT    

 

MFR OF SILICON WAFERS, OWNED BY THE US CAPITAL.

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

                       

 

HIGHLIGHTS

           

The subject company was established as semiconductor mfg division of Monsanto (USA) as Monsanto Electronic Materials Company (MEMC) and founded Utsunomiya Factory, which started operations in 1986.  In 1989 became a subsidiary maker of MEMC Electronic Materials Inc, USA.  This is a specialized mfr of silicon wafers (See OPERATION).  Materials and products are supplied from the US parent and its group firms.  Clients are major electronics mfrs.

 

 

FINANCIAL INFORMATION

           

Financials are consolidated by the US parent and only partially disclosed.

 

The sales volume for Dec/2011 fiscal term amounted to Yen 40,000 million, a similar amount in the previous term.  The net profit, which is not disclosed, is estimated posted at Yen 400 million, similarly in the previous period.

 

For the current term ending Dec 2012 the net profit is projected at Yen 420 million, on a 5% rise in turnover, to Yen 42,000 million.    

 

The financial situation is considered FAIR and good for ORDINARY business engagements. 

 

 

REGISTRATION

 

Date Registered:  Dec 1979

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         15 million shares

Issued:                15 million shares

Sum:                   Yen 7,500 million

Major shareholders (%): MEMC Electronic Materials Inc (100%)

 

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

 

 

OPERATION

           

Activities: Manufactures silicon wafers: 200 mm/300 mm polished CZ silicon wafers, 200 mm/300 mm epitaxial CZ silicon wafers, others (--100%).

 

Clients: [Mfrs, wholesalers] Oki Electric Ind, Sharp Ltd, Sony Corp, Toshiba Corp, NEC Corp, Renesas Solutions, Fujitsu Ltd, other 

            No. of accounts: 300

            Domestic areas of activities: Nationwide

 

Suppliers: [Mfrs] MEMC Electronic Materials Inc and group firms

 

Payment record: No Complaints

 

Location: Business area in Utsunomiya, Tochigi-Pref.  Office premises at the caption address are leased and maintained satisfactorily.

 

Bank References:

Citi Bank (Tokyo)

Ashikaga Bank (Utsunomiya)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

　

　

31/12/2012

31/12/2011

31/12/2010

31/12/2009

Annual Sales

　

42,000

40,000

40,000

45,000

Recur. Profit

　

　

　

　

　

Net Profit

　

420

400

400

450

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

12,620

12,220

11,820

Capital, Paid-Up

　

　

7,500

7,500

7,500

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

5.00

0.00

-11.11

0.00

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

1.00

1.00

1.00

1.00

Notes: Financials are only partially disclosed.  Profits are undisclosed and estimated figures only.

Forecast (or estimated) figures for the 31/12/2012 fiscal term.


 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.42

UK Pound

1

Rs.86.04

Euro

1

Rs.68.61

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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