MIRA INFORM
REPORT
|
Report Date : |
12.01.2011 |
IDENTIFICATION DETAILS
|
Name : |
DHC CORPORATION |
|
|
|
|
Registered Office : |
2-7-1
Minami-Azabu Minatoku Tokyo 106-0047 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.07.2010 |
|
|
|
|
Date of Incorporation : |
December
1975 |
|
|
|
|
Com. Reg. No.: |
(Tokyo-Minatoku) 018074 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Manufacture, wholesale,
retail of cosmetics, health
foods, pharmaceutical products |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
Yen 1,890 Million |
|
Status : |
Satisfactory |
|
Payment
Behaviour : |
Regular |
|
Litigation : |
---- |
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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
|
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name
DHC CORPORATION
REGD NAME
KK DHC
MAIN OFFICE
2-7-1 Minami-Azabu
Minatoku
Tel:
03-3457-5311 Fax: 03-3457-5315
URL: www.dhc.co.jp
E-mail: (thru the URL)
ACTIVITIES
Mfg, wholesale,
retail of cosmetics, health foods, pharmaceutical products
BRANCHES
STORES
100-plus
direct-run stores nationwide from
OVERSEAS
DHC USA Inc; DHC Taiwan Inc; DHC
Hong Kong Ltd; DHC Korea Inc; Shanghai DHC Cosmetic Co Ltd; DHC France SAS
FACTORIES
Miyagi, Iwatsuki (Saitama), other (Tot 5)
OFFICER(S)
Yoshiaki
Yoshida, ch YOSHIE
TAKAHASHI, PRES
Noriko
Nakamura, s/mgn dir Akira Takezawa,
dir
Mana
Horii, dir Kozo
Denho, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 106,700 M
PAYMENTS REGULAR CAPITAL Yen 168 M
TREND STEADY WORTH Yen
71,400 M
STARTED 1975 EMPLOYES 1,046
COMMENT
MFR OF
COSMETICS, HEALTH FOODS, PHARMACEUTICALS, OTHER.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
MAX
CREDIT LIMIT: YEN 1,890 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Yoshiaki Yoshida, now
ch, as a translation outsourcing service company. In 1980 launched production of cosmetics; in
2002 launched health food business; in 2005 started production of
pharmaceutical products. Tops in the
mail-order sales of cosmetics & health foods in
FINANCIAL INFORMATION
Financials are only partially disclosed. Profits are not disclosed and only estimated from the past of sales.
The sales volume for Jul/2010 fiscal term amounted to Yen 106,700 million, a 0.7% up from Yen 106,000 million in the previous term. The net profit is estimated posted at Yen 5,300 million, compared with Yen 5,250 million a year ago. .
For the current term ending Jul 2011 the net profit is projected at Yen 5,350 million, on a 1% rise in turnover, to Yen 108,000 million. Sales of health foods & supplements are steadily growing. Exports are rising.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 1,890 million, on 30 days normal terms.
REGISTRATION
Date Registered: Dec 1975
Regd No.: (Tokyo-Minatoku) 018074
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 1.3 million shares
Issued: 337,728,000 shares
Sum: Yen
168.864 million
Major shareholders (%):
Yoshiaki Yoshida* (majority owned)
*.. Third ranked in shareholding (5.7%) of 8,733 shareholders in Oricon Inc, Tokyo, music data sales to broadcasting stations and publishing of information magazines on new releases for record shops, founded 1999, listed JASDAQ, capital Yen 1,079 million, sales Yen 6,069 million, operating profit Yen 801 million, recurring profit Yen 278 million, net profit Yen 336 million, total assets Yen 4,764 million, net worth Yen 1,178 million, employees 208, pres Ko Koike
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Manufactures, exports, imports, wholesales and retails: cosmetics, pharmaceutical products, health foods & supplements, DHC branded deep-sea water, foodstuffs, apparel, inner wear, other (--100%)
Clients: [Consumers, mfrs, wholesalers] SVD, Mitsui & Co, Mitsubishi Corp, Oracle Japan, Nippon Access Inc, Tenpo Ryutsuu Nett Inc, All Japan Spar Central Inc, Ida Ryogokudo Co, other
No. of accounts: 1,000 (wholesale div only)
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Beauty Cosmetics, Toyo Beauty Supply, Tatsumi, CKK Corp, Takeda Pharmaceutical Co, Tokyo Glass Co, other
Payment record: Regular
Location:
Business area in
Bank References:
· Resona Bank (Azabu)
· MUFG (Roppongi)
Relations:
Satisfactory
FINANCES
(In Million Yen)
|
Terms Ending: |
|
31/07/2011 |
31/07/2010 |
31/07/2009 |
31/07/2008 |
|
Annual
Sales |
|
108,000 |
106,700 |
106,000 |
105,800 |
|
Recur.
Profit |
|
|
|
|
|
|
Net
Profit |
|
5,350 |
5,300 |
5,250 |
5,150 |
|
Total
Assets |
|
|
N/A |
N/A |
N/A |
|
Net
Worth |
|
|
71,400 |
66,100 |
60,850 |
|
Capital,
Paid-Up |
|
|
168 |
168 |
168 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
1.22 |
0.66 |
0.19 |
-0.19 |
|
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
.. |
.. |
.. |
|
|
N.Profit/Sales |
4.95 |
4.97 |
4.95 |
4.87 |
|
Notes:
Financials are only partially disclosed.
Profits are not disclosed and estimated figures only
Forecast
(or estimated) figures for the 31/07/2011 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.32 |
|
|
1 |
Rs.70.54 |
|
Euro |
1 |
Rs.58.70 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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.