MIRA INFORM REPORT
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Report No. : |
336950 |
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Report Date : |
07.09.2015 |
IDENTIFICATION DETAILS
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Name : |
SHINKO ELECTRIC INDUSTRIES CO., LIMITED |
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Registered Office : |
80, Oshimada-Machi, Nagano-Shi, 381-2287 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2015 |
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Date of Incorporation : |
12.09.1946 |
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Com. Reg. No.: |
Not Available |
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Legal Form : |
Private Limited |
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Line of Business : |
Manufacturer of Semiconductor Packages. |
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No. of Employee : |
4,117 |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 50,000,000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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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 31, 2015
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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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 |
JAPAN ECONOMIC OVERVIEW
In the years following World War II, government-industry cooperation, a strong work ethic, mastery of high technology, and a comparatively small defense allocation (1% of GDP) helped Japan develop an advanced economy. Two notable characteristics of the post-war economy were the close interlocking structures of manufacturers, suppliers, and distributors, known as keiretsu, and the guarantee of lifetime employment for a substantial portion of the urban labor force. Both features are now eroding under the dual pressures of global competition and domestic demographic change. Scarce in many natural resources, Japan has long been dependent on imported raw materials. Since the complete shutdown of Japan’s nuclear reactors after the earthquake and tsunami disaster in 2011, Japan's industrial sector has become even more dependent than it was previously on imported fossil fuels. A small agricultural sector is highly subsidized and protected, with crop yields among the highest in the world. While self-sufficient in rice production, Japan imports about 60% of its food on a caloric basis. For three decades, overall real economic growth had been impressive - a 10% average in the 1960s, a 5% average in the 1970s, and a 4% average in the 1980s. Growth slowed markedly in the 1990s, averaging just 1.7%, largely because of the aftereffects of inefficient investment and an asset price bubble in the late 1980s that required a protracted period of time for firms to reduce excess debt, capital, and labor. Modest economic growth continued after 2000, but the economy has fallen into recession four times since 2008. Government stimulus spending helped the economy recover in late 2009 and 2010, but the economy contracted again in 2011 as the massive 9.0 magnitude earthquake and the ensuing tsunami in March of that year disrupted manufacturing. The economy has largely recovered in the four years since the disaster, although reconstruction in the affected Tohoku region has lagged, in part due to a shortage of labor in the construction sector. Japan enjoyed a sharp uptick in growth in 2013 on the basis of Prime Minister Shinzo Abe’s “Three Arrows” economic revitalization agenda - dubbed “Abenomics” - of monetary easing, “flexible” fiscal policy, and structural reform. Abe’s government has replaced the preceding administration’s plan to phase out nuclear power with a new policy of seeking to restart nuclear power plants that meet strict new safety standards, and emphasizing nuclear energy’s importance as a base-load electricity source. Japan joined the Trans-Pacific Partnership (TPP) negotiations in 2013, a pact that would open Japan's economy to increased foreign competition and create new export opportunities for Japanese businesses. Measured on a purchasing power parity (PPP) basis that adjusts for price differences, Japan in 2014 stood as the fourth-largest economy in the world after first-place China, which surpassed Japan in 2001, and third-place India, which edged out Japan in 2012. While seeking to stimulate and reform the economy, the government must also devise a strategy for reining in Japan's huge government debt, which amounts to more than 230% of GDP. To help raise government revenue, Japan adopted legislation in 2012 to gradually raise the consumption tax rate to 10% by 2015, beginning with a hike from 5% to 8% implemented in April 2014. That increase had a contractionary effect on GDP, however, so PM Abe in late 2014 decided to postpone the final phase of the increase until April 2017 to give the economy more time to recover. Led by the Bank of Japan’s aggressive monetary easing, Japan is making progress in ending deflation, but demographics - low birthrate and an aging, shrinking population - pose major long-term challenges for the economy.
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Source
: CIA |
COMPANY
NAME AND ADDRESS
SHINKO ELECTRIC INDUSTRIES CO., LIMITED
80, OSHIMADA-MACHI, NAGANO-SHI, 381-2287, JAPAN
TEL: 81-26-283-1000 FAX:
81-26-284-8861
EXECUTIVE
SUMMARY
INCORPORATION DATE :
SEPTEMBER 12, 1946
REGISTRATION NO. : N/A
LEGAL FORM : PRIVATE LIMITED
CHIEF EXECUTIVE : AKIRA FUJIMOTO
(CHAIRMAN)
STAFF STRENGTH : 4,117
PAID-UP CAPITAL : N/A
BUSINESS LINE :
MANUFACTURER
TURNOVER : JPY
EQUITIES : JPY
RECOMM. CREDIT RANGE :
UP TO USD 50,000,000
PAYMENT : AVERAGE
MARKET CONDITION : ACTIVE
FINANCIAL CONDITION :
GOOD
OPERATIONAL TREND :
STEADY
GENERAL REPUTATION :
SATISFACTORY
EXCHANGE RATE : JPY 119.282 =
US$1
ADOPTED ABBREVIATIONS:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million JPY-Japan JPY
REGD NAME
SHINKO ELECTRIC INDUSTRIES CO., LIMITED
REGISTRATION
Date of incorporation: SEPTEMBER
12, 1946
Status: Active
Regd No.: N/A
Legal Status: Private
Limited
LOCATION
Head Office
80, Oshimada-machi, Nagano-shi, 381-2287, Japan
Factory
Kohoku Plant
80, Oshimada-machi, Nagano-shi, 381-2287 Japan
Tel: 81-26-283-1000
Fax: 81-26-284-8861
Wakaho Plant
1457-1, Wakaho kawada, Nagano-shi, 381-0103 Japan
Tel: 81-26-282-4441
Fax: 81-26-282-6119
Takaoka Plant
1216-9, Kusama, Nakano-shi, Nagano, 383-8581 Japan
Tel: 81-269-22-7111
Fax: 81-269-22-3363
Arai Plant
921-3, Himegawara, Myoko-shi, Niigata, 944-8588 Japan
Tel: 81-255-72-4154
Fax: 81-255-72-699
Kyogase Plant
1062-5, Kyogase Kogyodanchi, Agano-shi, Niigata, 959-2136 Japan
Tel: 81-250-61-5100
Fax: 81-250-67-2253
Factory Telephone No +81-49-243-1322
Warehouse
Kohoku Plant
80, Oshimada-machi, Nagano-shi, 381-2287 Japan
Tel: 81-26-283-1000
Fax: 81-26-284-8861
Wakaho Plant
1457-1, Wakaho kawada, Nagano-shi, 381-0103 Japan
Tel: 81-26-282-4441
Fax: 81-26-282-6119
Takaoka Plant
1216-9, Kusama, Nakano-shi, Nagano, 383-8581 Japan
Tel: 81-269-22-7111
Fax: 81-269-22-3363
Arai Plant
921-3, Himegawara, Myoko-shi, Niigata, 944-8588 Japan
Tel: 81-255-72-4154
Fax: 81-255-72-699
Kyogase Plant
1062-5, Kyogase Kogyodanchi, Agano-shi, Niigata, 959-2136 Japan
Tel: 81-250-61-5100
Fax: 81-250-67-2253
Note: Your lacks
some details.
www.shinko.co.jp The design is professional and the
content is well organized. At present it is in Japanese and English versions.
E-mail: info@shinko.co.jp
For the past two years there is no record of litigation.
No ownership information is available in our database.
DIRECTORS
Name Mr.
Akira Fujimoto
Designation Chairman
& Director
Nationality Japanese
Name Mr.
Mitsuharu Shimizu
Designation President
& Representative Director
Nationality Japanese
Name Mr.
Noriyuki Toyoki
Designation Director
Nationality Japanese
Name Mr.
Toshihisa Yoda
Designation Director
Nationality Japanese
Name Mr.
Yoshihiro Asano
Designation Director
Nationality Japanese
Name Mr. Hidenori Takayanagi
Designation Director
Nationality Japanese
Name Mr.
Hiroshi Hasebe
Designation Director
Nationality Japanese
LINE OF
BUSINESS
Manufacturer of Semiconductor Packages
RANGE OF PRODUCTS
Plastic Laminated Package(PLP)
Tape BGA
Lead Frame
Glass-to-Metal Seals
Electro Static Chuck
Surge Arrester
IC Assembly
Multi Chip Package(MCP)
System Module
Terms of Purchase
Local :
Cash or Credit
Import :
Against L/C
Terms of Sale
Local : Cash or
Credit
Export : Against L/C
Export Market
Global
CERTIFICATIONS
N/A
SUBSIDIARIES /
AFFILIATES:
Shinko Parts Co.,
Ltd
Shinko
Technoserve Co., Ltd
Shinko
Electronics (Malaysia) SDN. BHD
Korea Shinko
Microelectronics Co., Ltd
Shinko Electric
Industries (Wuxi) Co., Ltd
Shinko Electric
America, Inc
Korea Shinko
Trading Co., Ltd
Taiwan Shinko
Electronics Co., Ltd
Shanghai Shinko
Trading Ltd
Shinko
Electronics (Singapore) Pte. Ltd
Shinko
Microelectronics (Thailand) Co., Ltd
BRANCHES:
Aizu Branch
1005-1, Niidera-muranishi, Monden-machi,
Aizuwakamatsu-shi, Fukushima, 965-0846 Japan
Tel: 81-242-29-6024
Fax: 81-242-29-9020
Balance Sheet
As At 31 March 2015
Currency: Yen (In Millions)
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Assets |
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Cash and Equivalents |
15,602.0 |
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Short-Term Investments |
29,930.0 |
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TOTAL CASH AND SHORT TERM INVESTMENTS |
45,532.0 |
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Accounts Receivable |
37,392.0 |
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TOTAL RECEIVABLES |
37,392.0 |
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Inventory |
11,071.0 |
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Deferred Tax Assets, Current |
2,030.0 |
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Other Current Assets |
3,687.0 |
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TOTAL CURRENT ASSETS |
99,712.0 |
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NET PROPERTY PLANT AND EQUIPMENT |
77,160.0 |
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Long-Term Investments |
953.0 |
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Deferred Tax Assets, Long Term |
3,083.0 |
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Other Intangibles |
993.0 |
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Other Long-Term Assets |
2.0 |
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TOTAL ASSETS |
181,903.0 |
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LIABILITIES & EQUITY |
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Accounts Payable |
18,469.0 |
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Accrued Expenses |
8,083.0 |
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Short-Term Borrowings |
600.0 |
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Current Income Taxes Payable |
6,749.0 |
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Other Current Liabilities, Total |
1,978.0 |
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TOTAL CURRENT LIABILITIES |
35,879.0 |
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Pension & Other Post-Retirement
Benefits |
9,044.0 |
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Other Non-Current Liabilities |
572.0 |
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TOTAL LIABILITIES |
45,495.0 |
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Common Stock |
24,223.0 |
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Additional Paid in Capital |
24,129.0 |
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Retained Earnings |
96,171.0 |
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Treasury Stock |
-92.0 |
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Comprehensive Income and Other |
-8,023.0 |
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TOTAL COMMON EQUITY |
136,408.0 |
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TOTAL EQUITY |
136,408.0 |
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TOTAL LIABILITIES AND EQUITY |
181,903.0 |
Income Statement
For the Year Ended 31 March 2015
Currency: Yen (In Millions)
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Revenues |
142,815.0 |
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TOTAL REVENUES |
142,815.0 |
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Cost of Goods Sold |
125,689.0 |
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GROSS PROFIT |
17,126.0 |
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Selling General & Admin Expenses,
Total |
8,597.0 |
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R&D Expenses |
3,946.0 |
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OTHER OPERATING EXPENSES, TOTAL |
12,543.0 |
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OPERATING INCOME |
4,583.0 |
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Interest Expense |
-11.0 |
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Interest and Investment Income |
196.0 |
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NET INTEREST EXPENSE |
185.0 |
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Currency Exchange Gains (Loss) |
3,787.0 |
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Other Non-Operating Income (Expenses) |
417.0 |
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EBT, EXCLUDING UNUSUAL ITEMS |
8,972.0 |
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Other Unusual Items, Total |
-558.0 |
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EBT, INCLUDING UNUSUAL ITEMS |
8,414.0 |
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Income Tax Expense |
1,972.0 |
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Earnings from Continuing Operations |
6,442.0 |
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NET INCOME |
6,442.0 |
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NET INCOME TO COMMON INCLUDING EXTRA ITEMS |
6,442.0 |
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NET INCOME TO COMMON EXCLUDING EXTRA ITEMS |
6,442.0 |
No banker information is available in our database.
SC is considered large-sized in its line with a long development
history. Company can be considered good for normal business dealings at usual trade
terms and conditions. Taking into consideration of SC’s general performance and
financial situation, a credit line up to USD 50,000,000 would appear to be
within SC’s capacities.
As per your request, client name was revealed as “Atotech Deutschland Gmbh”.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.40 |
|
|
1 |
Rs.101.19 |
|
Euro |
1 |
Rs.73.89 |
INFORMATION DETAILS
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Analysis Done by
: |
TRI |
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Report Prepared
by : |
ANK |
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 |
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.