|
|
 | | | |
- close
- close
- close
- close
This excerpt taken from the ASYS 8-K filed Jul 30, 2009. Concentrations of Credit Risk — The
Company’s financial assets that are exposed to credit risk consist primarily of
cash and cash equivalents and accounts receivables.
About 98 % of Company’s cash is held at one bank which is a subsidiary of HSBC, one of the world’s top ranked banks. Financial instruments that potentially subject the Company to significant concentrations of credit risk consist principally of trade accounts receivable. The Company’s customers consist of first rank manufacturers of semiconductors, semiconductor wafers and solar cells located throughout the world. Credit risk is managed by performing ongoing credit evaluations of the customers’ financial condition, by requiring significant deposits where appropriate, and by actively monitoring collections.
This excerpt taken from the ASYS 10-Q filed May 11, 2009. Concentrations of Credit Risk
– Financial instruments that potentially
subject the Company to significant concentrations of credit risk consist
principally of trade accounts receivable. The Company’s customers, located
throughout the world, consist of manufacturers of solar cells, semiconductors,
semiconductor wafers, and MEMS. Credit risk is managed by performing ongoing
credit evaluations of the customers’ financial condition, by requiring
significant deposits where appropriate, and by actively monitoring collections.
Letters of credit are required of certain customers depending on the size of the
order, type of customer or its creditworthiness, and its country of domicile.
Reserves for potentially uncollectible receivables are maintained based on an
assessment of collectibility.
As of March 31, 2009, three customers accounted for 19%, 15% and 10% of accounts receivable, individually. This excerpt taken from the ASYS 10-Q filed Feb 9, 2009. Concentrations of Credit Risk –
Financial instruments that potentially
subject the Company to significant concentrations of credit risk consist
principally of trade accounts receivable. The Company’s customers, located
throughout the world, consist of manufacturers of solar cells, semiconductors,
semiconductor wafers and MEMS. Credit risk is managed by performing ongoing
credit evaluations of the customers’ financial condition, by requiring
significant deposits where appropriate, and by actively monitoring collections.
Letters of credit are required of certain customers depending on the size of the
order, type of customer or its creditworthiness, and its country of domicile.
Reserves for potentially uncollectible receivables are maintained based on an
assessment of collectibility.
As of December 31, 2008, receivables from two customers individually accounted for 18% and 12% of total accounts receivable. These excerpts taken from the ASYS 10-K filed Dec 10, 2008. Concentrations of Credit Risk –
Financial instruments that potentially
subject the Company to significant concentrations of credit risk consist
principally of trade accounts receivable. The Company’s customers consist of
manufacturers of solar cells, semiconductors, semiconductor wafers, and MEMS
located throughout the world. Credit risk is managed by performing ongoing
credit evaluations of the customers’ financial condition, by requiring
significant deposits where appropriate, and by actively monitoring collections.
Letters of credit are required of certain customers depending on the size of the
order, type of customer or its creditworthiness, and its country of domicile.
Reserves for potentially uncollectible receivables are maintained based on an
assessment of collectability.
As of September 30, 2008, receivables from two customers individually represented 22% and 20% of accounts receivable. As of September 30, 2007, receivables from three customers individually represented 22%, 13%, and 10% of accounts receivable, respectively. Refer to Note 10, Business Segment Information, for information regarding revenue and assets in other countries subject to fluctuation in foreign currency exchange rates. Concentrations of Credit Risk – Financial instruments that potentially subject the Company to significant concentrations of credit risk consist principally of trade accounts receivable. The Company’s customers consist of manufacturers of solar cells, semiconductors, semiconductor wafers, and MEMS located throughout the world. Credit risk is managed by performing ongoing credit evaluations of the customers’ financial condition, by requiring significant deposits where appropriate, and by actively monitoring collections. Letters of credit are required of certain customers depending on the size of the order, type of customer or its creditworthiness, and its country of domicile. Reserves for potentially uncollectible receivables are maintained based on an assessment of collectability. As of September 30, 2008, receivables Refer to Note 10, Business Segment This excerpt taken from the ASYS 10-Q filed Aug 13, 2008. Concentrations of Credit Risk –
Financial instruments that potentially
subject the Company to significant concentrations of credit risk consist
principally of trade accounts receivable. The Company’s customers consist of
manufacturers of solar cells, semiconductors, semiconductor wafers, and MEMS
located throughout the world. Credit risk is managed by performing ongoing
credit evaluations of the customers’ financial condition, by requiring
significant deposits where appropriate, and by actively monitoring collections.
Letters of credit are required of certain customers depending on the size of the
order, type of customer or its creditworthiness, and its country of domicile.
Reserves for potentially uncollectible receivables are maintained based on an
assessment of collectibility.
As of June 30, 2008, accounts receivable from one customer accounted for 38% of total accounts receivable. This excerpt taken from the ASYS 10-Q filed May 14, 2008. Concentrations of Credit Risk
– Financial instruments that potentially
subject the Company to significant concentrations of credit risk consist
principally of trade accounts receivable. The Company’s customers consist of
manufacturers of solar cells, semiconductors, semiconductor wafers, and MEMS
located throughout the world. Credit risk is managed by performing ongoing
credit evaluations of the customers’ financial condition, by requiring
significant deposits where appropriate, and by actively monitoring collections.
Letters of credit are required of certain customers depending on the size of the
order, type of customer or its creditworthiness, and its country of domicile.
Reserves for potentially uncollectible receivables are maintained based on an
assessment of collectibility.
As of March 31, 2008, accounts receivable from one customer accounted for 34% of total accounts receivable. This excerpt taken from the ASYS 10-Q filed Feb 13, 2008. Concentrations of Credit Risk
– Financial instruments that potentially
subject the Company to significant concentrations of credit risk consist
principally of trade accounts receivable. The Company’s customers consist of
manufacturers of semiconductors, semiconductor wafers, MEMS and solar cells
located throughout the world. Credit risk is managed by performing ongoing
credit evaluations of the customers’ financial condition, by requiring
significant deposits where appropriate, and by actively monitoring collections.
Letters of credit are required of certain customers depending on the size of the
order, type of customer or its creditworthiness, and its country of domicile.
Reserves for potentially uncollectible receivables are maintained based on an
assessment of collectibility.
As of December 31, 2007, receivables from one customer individually accounted for 17% of total accounts receivable. This excerpt taken from the ASYS 10-K filed Dec 12, 2007. Concentrations of Credit Risk
– Financial instruments that potentially
subject the Company to significant concentrations of credit risk consist
principally of trade accounts receivable. The Company’s customers consist of
manufacturers of semiconductors, semiconductor wafers, MEMS and solar cells
located throughout the world. Credit risk is managed by performing ongoing
credit evaluations of the customers’ financial condition, by requiring
significant deposits where appropriate, and by actively monitoring collections.
Letters of credit are required of certain customers depending on the size of the
order, type of customer or its creditworthiness, and its country of domicile.
Reserves for potentially uncollectible receivables are maintained based on an
assessment of collectibility.
As of September 30, 2007, receivables from three customers individually represented 22%, 13% and 10% of accounts receivable. As of September 30, 2006, receivables from three customers individually represented 19%, 13%, and 12% of accounts receivable, respectively. Refer to Note 10, Business Segment Information, for information regarding revenue and assets in other countries subject to foreign currency exchange rates. This excerpt taken from the ASYS 8-K filed Nov 2, 2007. Concentrations of Credit Risk — The
Company’s financial assets that are exposed to credit risk consist primarily of
cash and cash equivalents and accounts receivables.
About 98 % of Company’s cash is held at one bank which is a subsidiary of HSBC, one of the world’s top ranked banks. 6 Financial instruments that potentially subject the Company to significant concentrations of credit risk consist principally of trade accounts receivable. The Company’s customers consist of first rank manufacturers of semiconductors, semiconductor wafers and solar cells located throughout the world. Credit risk is managed by performing ongoing credit evaluations of the customers’ financial condition, by requiring significant deposits where appropriate, and by actively monitoring collections.
This excerpt taken from the ASYS 10-Q filed Aug 14, 2007. Concentrations of Credit Risk – Financial instruments that potentially subject the Company to significant concentrations of credit risk consist principally of trade accounts receivable. The Company’s customers consist of manufacturers of semiconductors, semiconductor wafers, microelectromechanical systems, or MEMS, and solar cells located throughout the world. Credit risk is managed by performing ongoing credit evaluations of the customers’ financial condition, by requiring significant deposits where appropriate, and by actively monitoring collections. Letters of credit are required of certain customers depending on the size of the order, type of customer or its creditworthiness, and its country of domicile. Reserves for potentially uncollectible receivables are maintained based on an assessment of collectibility.
As of June 30, 2007, accounts receivable from two customers exceeded 10% of accounts receivable; one customer accounted for 14% and the other customer accounted for 12% of total accounts receivable. This excerpt taken from the ASYS 10-K filed Jan 13, 2005. Concentrations of Credit
Risk — Financial instruments
that potentially subject Amtech to significant concentrations of
credit risk consist principally of cash equivalents and trade
accounts receivable. The Company invests in a variety of
financial instruments with high quality financial institutions,
such as, money market mutual funds, certificates of deposit and
U.S. treasury bills. Amtech’s customers consist of
semiconductor manufacturers located throughout the world. The
Company manages credit risk by performing ongoing credit
evaluations of its customers’ financial condition, by
requiring significant partial payments or letters of credit
prior to shipment where appropriate and by actively monitoring
collections. Amtech maintains a reserve for potentially
uncollectible receivables based on its assessment of
collectibility. In addition, the Company utilizes letters of
credit to mitigate credit risk when appropriate.
42
Table of Contents
AMTECH SYSTEMS, INC. AND
SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED SEPTEMBER 30, 2004,
2003 AND 2002 — (Continued)
The following is a summary of the activity in the Company’s allowance for doubtful accounts during the years ended September 30, 2004, 2003 and 2002:
As of September 30, 2004, receivables from one customer comprised 15% of accounts receivable. As of September 30, 2003, receivables from three customers comprised 18%, 15% and 10%, respectively, of accounts receivable. Management believes the amounts outstanding at September 30, 2004, from these customers, are fully collectible. In addition, 57% of the work-in-process inventory (“WIP”) at September 30, 2004 is attributable to a single customer. The systems ordered by that customer are part of a five-system order, which began shipping during the second quarter of 2004.
| EXCERPTS ON THIS PAGE:
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||
