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Report Date : |
05.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
DKSH JAPAN KK |
|
|
|
|
Registered Office : |
3-4-19 Mita Minatoku Tokyo 108-0073 |
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|
|
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Country : |
Japan |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
September 1965 |
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Com. Reg. No.: |
(Tokyo-Minatoku) 110147 |
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Legal Form : |
Limited Company |
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|
|
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Line of Business : |
Import, export, wholesale of
machines, foods, pharmaceuticals, textiles |
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|
|
|
No. of Employees : |
284 employees |
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 |
|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
japan - ECONOMIC OVERVIEW
In the years following World War II, government-industry cooperation, a strong work ethic, mastery of high technology, and a comparatively small defense allocation (1% of GDP) helped Japan develop a technologically advanced economy. Two notable characteristics of the post-war economy were the close interlocking structures of manufacturers, suppliers, and distributors, known as keiretsu, and the guarantee of lifetime employment for a substantial portion of the urban labor force. Both features are now eroding under the dual pressures of global competition and domestic demographic change. Japan's industrial sector is heavily dependent on imported raw materials and fuels. A tiny agricultural sector is highly subsidized and protected, with crop yields among the highest in the world. Usually self-sufficient in rice, Japan imports about 60% of its food on a caloric basis. Japan maintains one of the world's largest fishing fleets and accounts for nearly 15% of the global catch. For three decades, overall real economic growth had been spectacular - a 10% average in the 1960s, a 5% average in the 1970s, and a 4% average in the 1980s. Growth slowed markedly in the 1990s, averaging just 1.7%, largely because of the after effects of inefficient investment and an asset price bubble in the late 1980s that required a protracted period of time for firms to reduce excess debt, capital, and labor. Measured on a purchasing power parity (PPP) basis that adjusts for price differences, Japan in 2011 stood as the fourth-largest economy in the world after second-place China, which surpassed Japan in 2001, and third-place India, which edged out Japan in 2011. A sharp downturn in business investment and global demand for Japan's exports in late 2008 pushed Japan further into recession. Government stimulus spending helped the economy recover in late 2009 and 2010, but the economy contracted again in 2011 as the massive 9.0 magnitude earthquake in March disrupted manufacturing. Electricity supplies remain tight because Japan has temporarily shut down almost all of its nuclear power plants after the Fukushima Daiichi nuclear reactors were crippled by the earthquake and resulting tsunami. Estimates of the direct costs of the damage - rebuilding homes, factories, and infrastructure - range from $235 billion to $310 billion, and GDP declined almost 0.5% in 2011. Prime Minister Yoshihiko NODA has proposed opening the agricultural and services sectors to greater foreign competition and boosting exports through membership in the US-led Trans-Pacific Partnership trade talks and by pursuing free-trade agreements with the EU and others, but debate continues on restructuring the economy and reining in Japan's huge government debt, which exceeds 200% of GDP. Persistent deflation, reliance on exports to drive growth, and an aging and shrinking population are other major long-term challenges for the economy.
|
Source : CIA |
DKSH JAPAN KK
DKSH Japan KK
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
Import,
export, wholesale of machines, foods, pharmaceuticals, textiles, other
Yokohama,
Osaka, Nagoya, Sapporo, Fukuoka; Fukuroi (logistics center)
PETER
A KAEMMERER, PRES
Goerg Wolle, rep dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 34,522 M
PAYMENTS REGULAR CAPITAL Yen
1,600 M
TREND UP WORTH Yen 5,760 M
STARTED 1965 EMPLOYES 284
TRADING HOUSE OF SWISS CAPITAL.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR CREDIT ENGAGEMENS: US$2,500,000.00 / DA TERMS.
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).
The sales volume for Dec/2011 fiscal term amounted to Yen 34,522 million, a 16% up from Yen 29,695 million in the previous term. This is largely attributed to the high demand for construction and industrial materials including price hikes of some of the materials. The recurring profit was posted at Yen 3,029 million and the net profit at Yen 1,712 million, respectively, compared with Yen 11,903 million recurring profit and Yen 1,036 million net profit, respectively, a year ago.
For the current term ending Dec 2012 the recurring profit is projected at Yen 13,200 million and the net profit at Yen 1,800 million, respectively, on a 4% rise in turnover, to Yen 30,200 million. Business is seen steadily expanding.
The financial situation is considered FAIR and good for ORDINARY business engagements.
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.
Activities: A
general trading house of Swiss origin, with the following three 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
(In Million Yen)
|
Terms Ending: |
31/12/2012 |
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
|
Annual
Sales |
|
36,000 |
34,522 |
29,695 |
30,080 |
|
Recur.
Profit |
|
3,200 |
3,029 |
1,903 |
1,017 |
|
Net
Profit |
|
1,800 |
1,712 |
1,036 |
408 |
|
Total
Assets |
|
|
16,547 |
16,592 |
15,954 |
|
Current
Assets |
|
|
14,356 |
14,100 |
13,319 |
|
Current
Liabs |
|
|
10,558 |
11,485 |
10,757 |
|
Net
Worth |
|
|
5,760 |
4,925 |
4,183 |
|
Capital,
Paid-Up |
|
|
1,600 |
1,600 |
1,600 |
|
Div.Total
in million(¥) |
|
|
777 |
305 |
614 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
4.28 |
16.26 |
-1.28 |
-15.74 |
|
|
Current Ratio |
|
.. |
135.97 |
122.77 |
123.82 |
|
N.Worth Ratio |
.. |
34.81 |
29.68 |
26.22 |
|
|
R.Profit/Sales |
|
8.89 |
8.77 |
6.41 |
3.38 |
|
N.Profit/Sales |
5.00 |
4.96 |
3.49 |
1.36 |
|
|
Return On Equity |
.. |
29.72 |
21.04 |
9.75 |
|
Notes:
Forecast (or estimated) figures for the 31/12/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.84 |
|
UK Pound |
1 |
Rs.88.16 |
|
Euro |
1 |
Rs.71.54 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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.