1. Date of Fact: 115/08/12

2. Details of the Guaranteed Party: (1) Company Name: Huiyou Electronics (USA) Inc. (2) Relationship with Guarantee Provider: 100% owned subsidiary (3) Guarantee Limit (in thousand yen): 165,812 (4) Previous Guarantee Balance (in thousand yen): 47,775 (5) Amount of New Guarantee This Time (in thousand yen): 47,775 (6) Guarantee Balance as of the Date of Fact (in thousand yen): 95,550 (7) Actual Amount Drawn by the Guaranteed Company (in thousand yen): 46,183 (8) Reason for New Guarantee: Endorsement guarantee for a one-year extension of the subsidiary’s bank credit facility

3. Collateral Provided by the Guaranteed Company: (1) Description: None (2) Value (in thousand yen): 0

4. Latest Financial Statements of the Guaranteed Company: (1) Capital (in thousand yen): 51,717 (2) Accumulated Deficit (in thousand yen): -101,760

5. Conditions and Date for Release of Guarantee Liability: (1) Condition: Guarantee liability will be automatically released upon expiration of the subsidiary’s bank credit agreement (2) Date: November 8, 116

6. Total Guarantee Limit (in thousand yen): 276,354

7. Total Guarantee Balance as of the Date of Fact (in thousand yen): 193,700

8. Ratio of Guarantee Balance Provided by Company A to Net Equity in the Latest Financial Statements of the Public Company as of the Date of Fact: 35.05%

9. Combined Ratio of Guarantee Balance, Long-Term Investment, and Loaned Funds to Net Equity in the Latest Financial Statements of the Public Company as of the Date of Fact: 8.54%

10. Other Matters to Be Disclosed: None

FACT BOX

  • Source: PR Times
  • Category: News
  • Dates in source: 115/08/12