MIRA
INFORM REPORT
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Report Date : |
14.10.2011 |
IDENTIFICATION DETAILS
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Name : |
DKSH JAPAN KK |
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Registered Office : |
3-4-19 Mita Minatoku Tokyo 108-0073 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2010 |
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Year of Establishment : |
September 1965 |
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Com. Reg. No.: |
(Tokyo-Minatoku) 110147 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, export,
wholesale of machines, foods, pharmaceuticals, textiles, other |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
Yen 547.2 Million |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Japan |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name and address
DKSH JAPAN KK
REGD NAME: DKSH
Japan KK
MAIN OFFICE: 3-4-19
Mita Minatoku Tokyo 108-0073JAPAN
Tel: 03-5441-4511 Fax: 03-5441-4588
URL: http://www.dksh.jp
E-Mail address: webnsh.tyo@dksh.jp
ACTIVITIES
Import, export,
wholesale of machines, foods, pharmaceuticals, textiles, other
BRANCHES
Yokohama, Osaka, Nagoya,
Sapporo, Fukuoka; Fukuroi (logistics center)
OFFICERS
PETER A KAEMMERER,
PRES Goerg Wolle, ch
Haruo Namba, mgn
dir Yoshiyuki Shirakawa,
mgn dir
Kenya Ohnuma, dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 29,694 M
PAYMENTS REGULAR CAPITAL Yen 1,600 M
TREND SLOW WORTH Yen
4,925 M
STARTED 1965 EMPLOYES 300
COMMENT
TRADING HOUSE OF SWISS CAPITAL.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT:
YEN 547.2 MILLION, 30 DAYS NORMAL TERMS.
.
HIGHLIGHTS
This an old-established trading firm
of Swiss origin dating back to 1865 when the firm of Siber & Brennwald
entered the raw silk trade in Yokohama.
The firm built Japan’s first gas plants for the first gas light in
Yokohama & Ginza, Tokyo. Also, began
importing watches and machinery from Switz.
The firm was formally incorporated as Siebel Hegner Japan KK in 1965 to
commemorate its 100th anniversary in Japan. Renamed as captioned in Apr 2009. The firm has since developed into a general
trading house with handling items expanded, ranging from industrial chemicals,
industrial machinery to watches, textiles, healthcare and other consumer goods. The firm has three main divisions: Luxury
& Life Style, Performance Materials and Technology (details see OPERATION).
FINANCIAL INFORMATION
The sales volume for Dec/2010 fiscal
term amounted to Yen 29,694 million, a slight down from Yen 30,079 million in
the previous term. This is largely
referred to the high Yen, reducing import/export revenues in Yen terms The recurring profit was posted at Yen 1,903
million and the net profit at Yen 1,036 million, respectively, compared with
Yen 1,017 million recurring profit and Yen 407 million net profit,
respectively, a year ago.
For the current term ending Dec 2011 the
recurring profit is projected at Yen 1,900 million and the net profit at Yen
1,050 million, respectively, on a 2% rise in turnover, to Yen 30,200 million.
The financial situation is considered FAIR
and good for ORDINARY business engagements.
Max credit limit is estimated at Yen 547.2 million, on 30 days normal
terms.
REGISTRATION
Date Registered:
Sept 1965
Regd No.:
(Tokyo-Minatoku) 110147
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 160,000 shares
Issued: 160,000 shares
Sum: Yen 1,600 million
Major shareholders (%): DKSH Holding Ltd
(Zurich, Switz) (100)
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: A general trading house of Swiss origin,
with the following four core business divisions
(100%)
(Three core sales divisions):
Luxury & Lifestyle Div: watches,
accessories & apparel, household luxury, consumer health;
Performance
Materials Div: specialty-chemicals & ingredients for Food & Beverage Industry,
for Personal Care & Cosmetics Industry, for Specialty Chemicals Industry,
for Pharmaceutical Industry, other;
Technology
Div: technical solutions for Food & Beverages, Research, advanced metals,
other
Clients: [Food processors, mfrs, wholesalers] Merck
Japan, Kagome, Morinaga & Co, Morinaga
Milk Ind, DIC, Oji Paper, Toyo Kasei Kogyo, DKSH group firms, Nichi-Iko
Pharmaceuticals, Chino Watch, other.
Exports to S/E
Asia.
No. of accounts:
2,000
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs, wholesalers] Givaudan Japan, Leica
Camera Japan, Darst Photo Technique, Leitz (Germany), DKSH group firms, Merck
KAGG, Daido Steel, Toyo Kasei Kogyo, Sumitomo Light Metal Ind, other.
Payment record: Regular
Location: Business area in
Tokyo. Office premises at the caption
address are owned and maintained satisfactorily.
Bank References: Mizuho Corporate
Bank (Yokohama)
MUFJ
(Yokohama)
Relations: Satisfactory
FINANCES
(In Million Yen)
|
Terms Ending: |
31/12/2011 |
31/12/2010 |
31/12/2009 |
31/12/2008 |
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Annual
Sales |
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30,200 |
29,695 |
30,080 |
35,698 |
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Recur.
Profit |
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1,900 |
1,903 |
1,017 |
1,123 |
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Net
Profit |
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1,050 |
1,036 |
408 |
819 |
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Total
Assets |
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16,592 |
15,954 |
19,543 |
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Current
Assets |
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14,100 |
13,319 |
16,310 |
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Current
Liabs |
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|
11,485 |
10,757 |
11,409 |
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Net
Worth |
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4,925 |
4,183 |
4,325 |
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Capital,
Paid-Up |
|
|
1,600 |
1,600 |
1,600 |
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Div.Ttl
in Million (¥) |
|
|
305.00 |
614.00 |
457.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
1.70 |
-1.28 |
-15.74 |
-2.98 |
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Current Ratio |
|
.. |
122.77 |
123.82 |
142.96 |
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N.Worth Ratio |
.. |
29.68 |
26.22 |
22.13 |
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R.Profit/Sales |
|
6.29 |
6.41 |
3.38 |
3.15 |
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N.Profit/Sales |
3.48 |
3.49 |
1.36 |
2.29 |
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Return On Equity |
.. |
21.04 |
9.75 |
18.94 |
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Notes: Forecast
(or estimated) figures for the 31/12/2011 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.02 |
|
|
1 |
Rs.77.13 |
|
Euro |
1 |
Rs.67.55 |
RATING EXPLANATIONS
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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 |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.