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Report No. : |
308166 |
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Report Date : |
13.02.2015 |
IDENTIFICATION DETAILS
|
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) : |
31.12.2014 |
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Date of Incorporation : |
Sept., 1965 |
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|
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Com. Reg. No.: |
(Tokyo-Minatoku) 110147 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, Export and Wholesale of Machines, Foods, Pharmaceuticals,
Textiles, Other. |
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|
|
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No. of Employees : |
298 |
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 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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 small agricultural
sector is highly subsidized and protected, with crop yields among the highest
in the world. While self-sufficient in rice production, Japan imports about 60%
of its food on a caloric basis. 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. Modest economic
growth continued after 2000, but the economy has fallen into recession three
times since 2008. A sharp downturn in business investment and global demand for
Japan's exports in late 2008 pushed Japan 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 and the
ensuing tsunami in March disrupted manufacturing. The economy has largely
recovered in the two years since the disaster, but reconstruction in the Tohoku
region has been uneven. Prime Minister Shinzo ABE has declared the economy his
government's top priority; he has overturned his predecessor's plan to
permanently close nuclear power plants and is pursuing an economic
revitalization agenda of fiscal stimulus, monetary easing, and structural
reform. Japan joined the Trans Pacific Partnership negotiations in 2013, a pact
that would open Japan's economy to increased foreign competition and create new
export opportunities for Japanese businesses. Measured on a purchasing power
parity (PPP) basis that adjusts for price differences, Japan in 2013 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 2012.
The new government will continue a longstanding debate on restructuring the
economy and reining in Japan's huge government debt, which is exceeding 230% of
GDP. To help raise government revenue and reduce public debt, Japan decided in
2013 to gradually increase the consumption tax to a total of 10% by the year
2015. Japan is making progress on ending deflation due to a weaker yen and
higher energy costs, but reliance on exports to drive growth and an aging,
shrinking population pose other major long-term challenges for the economy.
|
Source
: CIA |
DKSH JAPAN KK
REGD NAME: DKSH
Japan KK
MAIN OFFICE: 3-4-19
Mita Minatoku Tokyo 108-0073 JAPAN
Tel:
03-5730-7311 Fax: 03-5730-7333
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, ch
Shigeru Ishihara, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 38,691 M
PAYMENTSNO COMPLAINTS CAPITAL Yen 1,600 M
TREND UP WORTH Yen 6,180 M
STARTED 1965 EMPLOYES 298
TRADING HOUSE OF SWISS CAPITAL.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
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). Clients include major food makers, dairy
milk makers, pharmaceuticals, and other, nationwide.
The sales volume for Dec/2013 fiscal term amounted to Yen 38,691
million, an 11% up from Yen 34,837
million in the previous term. The recurring profit was posted at Yen 3,323
million and the net profit at Yen 2,036 million, respectively, compared with
Yen 3,683 million recurring profit and Yen 2,155 million net profit,
respectively, a year ago. Profits were
deteriorated due to reduced gross profits of commodities.
For the term that
ended Dec 2014 the recurring profit was projected at Yen 4,300 million and the
net profit at Yen 2,500 million, respectively, on a 5% rise in turnover, to Yen
40,600 million. Final results are yet to be released.
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 capital, with the following three core business divisions (100%)
(Three core sales divisions):
Luxury
& Lifestyle Div (25%): watches, accessories & apparel, household
luxury, consumer health;
Performance
Materials Div (50%): specialty-chemicals & ingredients for Food
& Beverage Industry, for Personal Care & Cosmetics Industry, for
Specialty Chemicals Industry, for Pharmaceutical Industry, other;
Technology Div
(25%): technical solutions for Food & Beverages, Research, advanced metals,
other
Clients:
[Food processors, mfrs, wholesalers] Merck Japan, Kagome, Morinaga & Co, Morinaga Milk Ind, DIC Corp, Oji Paper, Toyo
Kasei Kogyo, DKSH group firms, Nichi-Iko Pharmaceuticals, Chino Watch, Morinaga
& Co, MK Cheese, Astellas Ireland, Meiji Holdings Co, other.
Exports to S/E
Asia.
No. of accounts: 1,000
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: No Complaints
Location: Business area in
Tokyo. Office premises at the caption
address are owned and maintained satisfactorily.
Bank References:
Mizuho Bank (Yokohama)
MUFJ (Yokohama)
Relations: Satisfactory
(In
Million Yen)
|
Terms Ending: |
31/12/2014 |
31/12/2013 |
31/12/2012 |
31/12/2011 |
|
|
Annual
Sales |
|
40,600 |
38,691 |
34,837 |
34,522 |
|
Recur.
Profit |
|
4,300 |
3,323 |
3,683 |
3,029 |
|
Net
Profit |
|
2,500 |
2,036 |
2,155 |
1,711 |
|
Total
Assets |
|
|
20,443 |
18,996 |
16,546 |
|
Current
Assets |
|
|
18,574 |
16,983 |
14,356 |
|
Current
Liabs |
|
|
14,061 |
12,828 |
10,557 |
|
Net
Worth |
|
|
6,180 |
5,908 |
5,759 |
|
Capital,
Paid-Up |
|
|
1,600 |
1,600 |
1,600 |
|
Div.Ttl
in Million (¥) |
|
|
0.00 |
0.00 |
777 |
|
<Analytical Data> |
|
(%) |
(%) |
(%) |
(%) |
|
S.Growth Rate |
|
4.93 |
11.06 |
0.91 |
16.26 |
|
Current Ratio |
|
.. |
132.10 |
132.39 |
135.99 |
|
N.Worth Ratio |
|
.. |
30.23 |
31.10 |
34.81 |
|
R.Profit/Sales |
|
10.59 |
8.59 |
10.57 |
8.77 |
|
N.Profit/Sales |
|
6.16 |
5.26 |
6.19 |
4.96 |
|
Return On Equity |
|
.. |
32.94 |
36.48 |
29.71 |
Notes: Forecast
(or estimated) figures for the 31/12/2014 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.43 |
|
|
1 |
Rs.95.02 |
|
Euro |
1 |
Rs.70.63 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
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|
Report Prepared
by : |
NIT |
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 |
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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 |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
|
-- |
NB |
New Business |
-- |
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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.