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Report No. : |
320728 |
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Report Date : |
04.05.2015 |
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) : |
31.12.2014 |
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Date of Incorporation : |
Sept., 1965 |
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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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No. of Employees : |
298 |
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 |
DKSH JAPAN KK
REGD NAME:
DKSH Japan KK
MAIN OFFICE:
3-4-19 Mita Minatoku Tokyo 108-0073JAPAN
Tel: 03-5730-7311 Fax:
03-5730-7333
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
Shigeru Ishihara, dir
Yen Amount: In million Yen,
unless otherwise stated
SUMMARY:
FINANCES FAIR A/SALES Yen 38,691 M
PAYMENTS NO COMPLAINTS CAPITAL Yen
1,600 M
TREND UP WORTH Yen
6,180 M
STARTED 1965 EMPLOYES 298
COMMENT:
TRADING HOUSE OF SWISS CAPITAL. FINANCIAL SITUATION CONSIDERED FAIR AND
GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
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). Clients include major food makers, dairy milk
makers, pharmaceuticals, and other, nationwide.
FINANCIAL
INFORMATION:
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.
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 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
FINANCES:
(In Million Yen)
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Terms Ending: |
31/12/2014 |
31/12/2013 |
31/12/2012 |
31/12/2011 |
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Annual Sales |
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40,600 |
38,691 |
34,837 |
34,522 |
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Recur. Profit |
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4,300 |
3,323 |
3,683 |
3,029 |
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Net Profit |
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2,500 |
2,036 |
2,155 |
1,711 |
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Total Assets |
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20,443 |
18,996 |
16,546 |
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Current Assets |
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18,574 |
16,983 |
14,356 |
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Current Liabs |
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14,061 |
12,828 |
10,557 |
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Net Worth |
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6,180 |
5,908 |
5,759 |
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Capital, Paid-Up |
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1,600 |
1,600 |
1,600 |
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Div.Ttl in Million (¥) |
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0.00 |
0.00 |
777 |
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<Analytical Data> |
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(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
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4.93 |
11.06 |
0.91 |
16.26 |
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Current Ratio |
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.. |
132.10 |
132.39 |
135.99 |
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N.Worth Ratio |
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.. |
30.23 |
31.10 |
34.81 |
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R.Profit/Sales |
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10.59 |
8.59 |
10.57 |
8.77 |
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N.Profit/Sales |
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6.16 |
5.26 |
6.19 |
4.96 |
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Return On Equity |
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.. |
32.94 |
36.48 |
29.71 |
Notes: Forecast (or estimated) figures for the 31/12/2014 fiscal
term.
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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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.