-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, QKmF6tlZZZ8I0VhW/jE8D+ifhFNi+tiMtwQMF1jEB/f279+jP13uQNKRqvDUYKEx 2ghBI73qVOTmmfUaOljzow== 0000000000-05-005930.txt : 20060317 0000000000-05-005930.hdr.sgml : 20060317 20050204153839 ACCESSION NUMBER: 0000000000-05-005930 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20050204 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: MOLEX INC CENTRAL INDEX KEY: 0000067472 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC CONNECTORS [3678] IRS NUMBER: 362369491 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: UPLOAD BUSINESS ADDRESS: STREET 1: 2222 WELLINGTON CT CITY: LISLE STATE: IL ZIP: 60532 BUSINESS PHONE: 6309694550 MAIL ADDRESS: STREET 1: 2222 WELLINGTON COURT CITY: LISLE STATE: IL ZIP: 60532 PUBLIC REFERENCE ACCESSION NUMBER: 0000067472-04-000120 LETTER 1 filename1.txt Mail Stop 0306 February 4, 2005 Via Facsimile and U.S. Mail Mr. Robert B. Mahoney Acting Chief Financial Officer, Executive Vice President, and President, Far East South Molex, Inc. 2222 Wellington Court Lisle, Illinois 60532 Re: Molex, Inc. Form 10-K for the year ended June 30, 2004 Filed September 10, 2004 Form 10-Q as of September 30, 2004 Form 8-K`s dated November 11 and December 1, 2004 File No. 0-07491 Dear Mr. Mahoney: Please note that the Staff is still in the process of reviewing your supplemental response letter dated January 31, 2005 and the associated supplemental materials you provided to us. As a result of that review, we have identified some additional materials that we believe will assist the staff in understanding your responses to our prior comments. Please understand that the purpose of our review process is to assist you in your compliance with the applicable disclosure requirements and to enhance the overall disclosure in your filings. We look forward to working with you in these respects. We welcome any questions you may have about our comments or on any other aspect of our review. Feel free to call us at the telephone numbers listed at the end of this letter. 1. Analysis of Intercompany Sales/Inventory Transactions, Including the Elimination of Intercompany Profit Please provide the staff with a detailed explanation of both your old and new policies for recording intercompany sales/inventory transactions. The analysis should include representative sample journal entries for the parent and the sub(s) for the entire cycle of the transaction, including elimination in consolidation, and explanations and examples of how you measure and record the amount of intercompany profit in inventory on-hand and in-transit at each balance sheet date. 2. Analysis of Accounts Receivable Reserves As previously requested, please provide us with a rollforward of each significant component of your inventory reserve (i.e., reserve for returns, "specific allowances", "general allowances, and bad debts) for each period presented, including the interim period. The schedule should reflect a separate column for adjustments (reversals) made in each period. Please reconcile the schedule to exhibits 12 and 44.2 in the supplemental materials previously provided to the staff. Please also provide us with the analysis of your accounts receivable reserves underlying the summary included in exhibit 44.2 in the supplemental materials previously provided to the staff. 3. Please provide us with a summary schedule of all adjustments and reclassifications not booked for fiscal 2002, 2003, and 2004, including unrecorded proposed audit adjustments and reclassifications. Please include Appendix A, as referred to in point 10, on page 3, of the representation letter from you to Deloitte & Touche dated August 20, 2004. 4. Please provide us with a schedule of the error, if any, in the slow and excess inventory reserve as of June 30, 2002, 2003, and 2004. * * * * As appropriate, please respond to these comments within 10 business days or tell us when you will provide us with a response. Please furnish a cover letter that keys your responses to our comments and provides any requested supplemental information. Detailed cover letters greatly facilitate our review. Please file your cover letter on EDGAR. Please understand that we may have additional comments after reviewing your responses to our comments. You may contact Kevin Vaughn, Staff Accountant, at (202) 824- 5387, or Kate Tillan, Reviewing Accountant, at (202) 942-2861, or me at (202) 942-2813 if you have questions regarding these comments. In this regard, do not hesitate to contact Martin James, the Senior Assistant Chief Accountant, at (202) 942-1984. Sincerely, Daniel Gordon Branch Chief ?? ?? ?? ?? Mr. Robert B. Mahoney Molex, Inc. February 4, 2005 Page 3 of 3 3 -----END PRIVACY-ENHANCED MESSAGE-----