| Industries |
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| Asset Management and Custody Banks |
| Oil and Gas Storage and Transportation |
| Oil and Gas Refining and Marketing and Transportation |
| Transportation |
| Environmental Services |
| Fertilizers and Agricultural Chemicals |
| Diversified Chemicals |
| Specialty Chemicals |
| Exposures |
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| Military |
| Express intent |
| Provide |
| Event Codes |
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| Warn |
| Solicit support |
| Adjust |
| Yield to order |
| Host meeting |
| Sports contest |
| Agree |
| Riot |
| Demand |
| Wiki | Wiki Summary |
|---|---|
| Central Bank of Armenia | The Central Bank of Armenia (Armenian: Հայաստանի Կենտրոնական Բանկ, romanized: Hayastani Kentronakan Bank) is the central bank of Armenia with its headquarters in Yerevan. The CBA is an independent institution responsible for issuing all banknotes and coins in the country, overseeing and regulating the banking sector and keeping the government's currency reserves. |
| Williams Act | The Williams Act (USA) refers to 1968 amendments to the Securities Exchange Act of 1934 enacted in 1968 regarding tender offers. The legislation was proposed by Senator Harrison A. Williams of New Jersey. |
| STOCK Act | The Stop Trading on Congressional Knowledge (STOCK) Act of 2012 (Pub.L. 112–105 (text) (PDF), S. 2038, 126 Stat. 291, enacted April 4, 2012) is an Act of Congress designed to combat insider trading. |
| Securities and Exchange Board of India | The Securities and Exchange Board of India (SEBI) is the regulatory body for securities and commodity market in India under the ownership of Ministry of Finance , Government of India. It was established on 12 April 1988 and given Statutory Powers on 30 January 1992 through the SEBI Act, 1992. |
| Securities and Exchange Board of India Act, 1992 | The Securities and Exchange Board of India Act, 1992 is an Act of the enacted for regulation and development of securities market in India. It was amended in the years 1995, 1999 and 2002 to meet the requirements of changing needs of the securities market. |
| Company | A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. |
| The Walt Disney Company | The Walt Disney Company, commonly known as Disney (), is an American multinational mass media and entertainment conglomerate headquartered at the Walt Disney Studios complex in Burbank, California.\nDisney was originally founded on October 16, 1923, by brothers Walt and Roy O. Disney as the Disney Brothers Cartoon Studio; it also operated under the names the Walt Disney Studio and Walt Disney Productions before changing its name to the Walt Disney Company in 1986. |
| Holding company | A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. |
| The Pokémon Company | The Pokémon Company (株式会社ポケモン, Kabushiki gaisha Pokémon) is a Japanese company responsible for brand management, production, publishing, marketing and licensing of the Pokémon franchise, which consists of video game software, a trading card game, anime television series, films, manga, home entertainment products, merchandise, and other ventures. It was established through a joint investment by the three businesses holding the copyright of Pokémon: Nintendo, Game Freak, and Creatures. |
| Operations management | Operations management is an area of management concerned with designing and controlling the process of production and redesigning business operations in the production of goods or services. It involves the responsibility of ensuring that business operations are efficient in terms of using as few resources as needed and effective in meeting customer requirements. |
| Bit numbering | In computing, bit numbering is the convention used to identify the bit positions in a binary number.\n\n\n== Bit significance and indexing ==\n\nIn computing, the least significant bit (LSB) is the bit position in a binary integer representing the binary 1s place of the integer. |
| Profit (economics) | An economic profit is the difference between the revenue a commercial entity has received from its outputs and the opportunity costs of its inputs. It equals to total revenue minus total cost, including both explicit and implicit costs. |
| Profitability index | Profitability index (PI), also known as profit investment ratio (PIR) and value investment ratio (VIR), is the ratio of payoff to investment of a proposed project. It is a useful tool for ranking projects because it allows you to quantify the amount of value created per unit of investment. |
| Customer profitability | Customer Profitability Analysis (in short CPA) is a management accounting and a credit underwriting method, allowing businesses and lenders to determine the profitability of each customer or segments of customers, by attributing profits and costs to each customer separately. CPA can be applied at the individual customer level (more time consuming, but providing a better understanding of business situation) or at the level of customer aggregates / groups (e.g. |
| SAP ERP | SAP ERP is an enterprise resource planning software developed by the German company SAP SE. SAP ERP incorporates the key business functions of an organization. The latest version of SAP ERP (V.6.0) was made available in 2006. |
| Net income | In business and accounting, net income (also total comprehensive income, net earnings, net profit, bottom line, sales profit, or credit sales) is an entity's income minus cost of goods sold, expenses, depreciation and amortization, interest, and taxes for an accounting period.It is computed as the residual of all revenues and gains less all expenses and losses for the period, and has also been defined as the net increase in shareholders' equity that results from a company's operations. It is different from gross income, which only deducts the cost of goods sold from revenue. |
| Decoupling capacitor | A decoupling capacitor is a capacitor used to decouple one part of an electrical network (circuit) from another. Noise caused by other circuit elements is shunted through the capacitor, reducing the effect it has on the rest of the circuit. |
| Total cost management | Total cost management (TCM) is the name given by AACE International to a process for applying the skills and knowledge of cost engineering. It is also the first integrated process or methodology for portfolio, program and project management. |
| Competitor analysis | Competitive analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors. This analysis provides both an offensive and defensive strategic context to identify opportunities and threats. |
| Gobelins Manufactory | The Gobelins Manufactory (French: Manufacture des Gobelins) is a historic tapestry factory in Paris, France. It is located at 42 avenue des Gobelins, near Les Gobelins métro station in the 13th arrondissement of Paris. |
| Computer-aided manufacturing | Computer-aided manufacturing (CAM) also known as computer-aided modeling or computer-aided machining is the use of software to control machine tools in the manufacturing of work pieces. This is not the only definition for CAM, but it is the most common; CAM may also refer to the use of a computer to assist in all operations of a manufacturing plant, including planning, management, transportation and storage. |
| Generally Accepted Accounting Principles (United States) | Generally Accepted Accounting Principles (GAAP or U.S. GAAP, pronounced like "gap") is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC). While the SEC previously stated that it intends to move from U.S. GAAP to the International Financial Reporting Standards (IFRS), the latter differ considerably from GAAP and progress has been slow and uncertain. |
| Generally Accepted Auditing Standards | Generally Accepted Auditing Standards, or GAAS are sets of standards against which the quality of audits are performed and may be judged. Several organizations have developed such sets of principles, which vary by territory. |
| Citation signal | In law, a citation or introductory signal is a set of phrases or words used to clarify the authority (or significance) of a legal citation as it relates to a proposition. It is used in citations to present authorities and indicate how those authorities relate to propositions in statements. |
| Competitive advantage | In business, a competitive advantage is the attribute that allows an organization to outperform its competitors.\nA competitive advantage may include access to natural resources, such as high-grade ores or a low-cost power source, highly skilled labor, geographic location, high entry barriers, and access to new technology. |
| Perfect competition | In economics, specifically general equilibrium theory, a perfect market, also known as an atomistic market, is defined by several idealizing conditions, collectively called perfect competition, or atomistic competition. In theoretical models where conditions of perfect competition hold, it has been demonstrated that a market will reach an equilibrium in which the quantity supplied for every product or service, including labor, equals the quantity demanded at the current price. |
| Competition law | Competition law is the field of law that promotes or seeks to maintain market competition by regulating anti-competitive conduct by companies. Competition law is implemented through public and private enforcement. |
| Monopolistic competition | Monopolistic competition is a type of imperfect competition such that there are many producers competing against each other, but selling products that are differentiated from one another (e.g. by branding or quality) and hence are not perfect substitutes. |
| Environmentalism | Environmentalism or environmental rights is a broad philosophy, ideology, and social movement regarding concerns for environmental protection and improvement of the health of the environment, particularly as the measure for this health seeks to incorporate the impact of changes to the environment on humans, animals, plants and non-living matter. While environmentalism focuses more on the environmental and nature-related aspects of green ideology and politics, ecologism combines the ideology of social ecology and environmentalism. |
| Environmental protection | Environmental protection is the practice of protecting the natural environment by individuals, organizations and governments. Its objectives are to conserve natural resources and the existing natural environment and, where possible, to repair damage and reverse trends.Due to the pressures of overconsumption, population growth and technology, the biophysical environment is being degraded, sometimes permanently. |
| Environmental health | Environmental health is the branch of public health concerned with all aspects of the natural and built environment affecting human health. Environmental health focuses on the natural and built environments for the benefit of human health. |
| Embalming chemicals | Embalming chemicals are a variety of preservatives, sanitising and disinfectant agents, and additives used in modern embalming to temporarily prevent decomposition and restore a natural appearance for viewing a body after death. A mixture of these chemicals is known as embalming fluid and is used to preserve bodies of deceased persons for both funeral purposes and in medical research in anatomical laboratories. |
| Chemical industry | The chemical industry comprises the companies that produce industrial chemicals. Central to the modern world economy, it converts raw materials (oil, natural gas, air, water, metals, and minerals) into more than 70,000 different products. |
| Risk Factors |
|---|
| KEMET CORP ITEM 1A RISK FACTORS Safe Harbor Statement From time to time, information provided by the Company, including but not limited to statements in this report or other statements made by or on behalf of the Company, may contain “forward-looking” information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934, as amended |
| Such statements involve a number of risks and uncertainties |
| The Company’s actual results could differ materially from those discussed in the forward-looking statements |
| The cautionary statements set forth herein under the heading Safe Harbor Statement identify important factors that could cause actual results to differ materially from those in any forward-looking statements made by or on behalf of the Company |
| This Annual Report on Form 10-K contains forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended |
| The Company intends that these forward-looking statements be subject to the safe harbor created by that provision |
| These forward-looking statements involve risks and uncertainties beyond the Company’s control |
| The inclusion of this forward-looking information should not be regarded as a representation by the Company that the future events, plans, or expectations contemplated by the Company will be achieved |
| Furthermore, past performance in operations and share price is not necessarily predictive of future performance |
| Finally, the Company cannot assume responsibility for certain information that is based upon market estimates |
| The Company wishes to caution readers that the following important factors, among others, in some cases have affected, and in the future could affect, KEMET’s actual results and could cause KEMET’s actual consolidated results for the first quarter of fiscal year 2007 and beyond to differ materially from those expressed in any forward-looking statements made by, or on behalf of, the Company whether contained herein, in other documents subsequently filed by the Company with the SEC, or in oral statements: Cyclical changes in the electronics industry could result in significant fluctuations in demand for our products, reducing our profitability |
| Our products are used in the electronics industry, which is a highly cyclical industry |
| The demand for capacitors tends to reflect the demand for products in the electronics market |
| Our customers’ requirements for our capacitors fluctuate as a result of changes in general economic activity and other factors that affect the demand for their products |
| During periods of increasing demand for their products, they typically seek 11 ______________________________________________________________________ to increase their inventory of our products to avoid production bottlenecks |
| When demand for their products peaks and begins to decline, they may rapidly decrease orders for our products while they use up accumulated inventory |
| Business cycles vary somewhat in different geographical regions, such as Asia, and within customer industries |
| We are also vulnerable to general economic events beyond our control and our sales and profits may suffer in periods of weak demand |
| We must consistently reduce the total costs of our products to combat the impact of downward price trends |
| Our industry is intensely competitive and prices for existing products tend to decrease steadily over their life cycle |
| There is substantial and continuing pressure from customers to reduce the total cost of using our parts |
| To remain competitive, we must achieve continuous cost reductions through process and product improvements |
| We must also be in a position to minimize our customers’ shipping and inventory financing costs and to meet their other goals for rationalization of supply and production |
| Our growth and the profit margins of our products will suffer if our competitors are more successful in reducing the total cost to customers of their products than we are |
| An increase in the cost of our principal raw materials could adversely affect profitability |
| The principal raw materials used in the manufacture of our products are tantalum powder, palladium and silver |
| These materials are considered commodities and are subject to price volatility |
| Tantalum powder is primarily purchased under annual contracts, while palladium and silver are primarily purchased on the spot and forward markets, depending on market conditions |
| For example, if we believe that prices are likely to rise, we may purchase a significant amount of our annual requirements on a forward delivery basis |
| Presently three suppliers process tantalum ore into capacitor-grade tantalum powder |
| Our management believes that the tantalum we require has generally been available in sufficient quantities to meet our requirements and that there are a sufficient number of tantalum processors relative to foreseeable demand |
| Palladium is presently found primarily in South Africa and Russia |
| Although the palladium we require has generally been available in sufficient quantities, the limited number of palladium suppliers could lead to significant price fluctuations |
| Such price increases and our inability to pass such price increases on to our customers could have an adverse effect on our profitability |
| Silver has generally been available in sufficient quantities, and we believe there are a sufficient number of suppliers from which we can purchase our silver requirements |
| An increase in the price of silver that we were not able to pass on to our customers could adversely affect our profitability |
| We face intense competition in our business |
| The capacitor business is highly competitive worldwide, with low transportation costs and few import barriers |
| Competition is based on factors such as product quality and reliability, availability, customer service, timely delivery and price |
| The industry has become increasingly concentrated and globalized in recent years, and our primary US and non-US competitors, some of which are larger than us, have significant financial resources |
| We manufacture many of our capacitors in Mexico and China and future political or regulatory changes in Mexico or China could adversely affect our profitability |
| Although we have not experienced significant problems conducting operations in Mexico or China, changes in local economic or political conditions or a change in the regulatory structure within Mexico or 12 ______________________________________________________________________ China, such as the imposition of new tax regulations, could impact our production capability or adversely affect our results of operations or financial condition |
| We may not be able to successfully integrate the Tantalum Capacitor Business or any future acquisitions with our operations |
| Because the markets and industries in which we operate are highly competitive, and due to the inherent uncertainties associated with the integration of acquired companies, we may not be able to integrate the Tantalum Capacitor Business of EPCOS without encountering difficulties including, without limitation, the loss of key employees and customers, the disruption of the ongoing businesses and possible inconsistencies in standards, controls and procedures |
| In addition, we may be unable to identify attractive acquisition opportunities at favorable prices and to successfully and timely complete and integrate them |
| Our success depends upon the continued contributions of our executive officers, many of whom have many years of experience with KEMET and would be extremely difficult to replace |
| We must also attract and maintain experienced and highly skilled engineering, sales and marketing and managerial personnel |
| Competition for qualified personnel is intense in our industry, and we may not be successful in hiring and retaining these people |
| If we lose the services of our executive officers or cannot attract and retain other qualified personnel, our business could suffer through less effective management due to loss of accumulated knowledge of our business or through less competitive products due to a reduced ability to design, manufacture and market our products |
| Environmental laws and regulations could limit our ability to operate as we are currently operating and could result in additional costs |
| We are subject to a variety of US federal, state and local, as well as foreign, environmental laws and regulations relating, among other things, to wastewater discharge, air emissions, handling of hazardous materials, disposal of solid and hazardous wastes, and remediation of soil and groundwater contamination |
| We use a number of chemicals or similar substances, and generate wastes, that are classified as hazardous |
| We require environmental permits to conduct many of our operations |
| Violations of environmental laws and regulations could result in substantial fines, penalties, and other sanctions |
| Changes in environmental laws or regulations (or in their enforcement) affecting or limiting, for example, our chemical uses, certain of our manufacturing processes, or our disposal practices, could restrict our ability to operate as we are currently operating or impose additional costs |
| In addition, we may experience releases of certain chemicals or discover existing contamination, which could cause us to incur material cleanup costs or other damages |