MIRA
INFORM REPORT
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Report Date : |
10th March, 2007 |
IDENTIFICATION
DETAILS
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Name : |
SHIVAH SAWA SHOJI |
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Registered Office : |
156-48 Ohwada-Shinden Yachiyo City Chiba-Pref 276-0046, Japan |
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Country : |
Japan |
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Date of Incorporation : |
2004 |
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Legal Form : |
Limited Partnership Company |
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Line of Business : |
Export of logs (cross trade) |
RATING &
COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
Yen 2.9 million |
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Status : |
Undetermined |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
NAME
SHIVAH SAWA SHOJI
REGD NAME
Shivah Sawa Shoji LP (Limited Partnership)
MAIN OFFICE
156-48 Ohwada-Shinden Yachiyo City Chiba-Pref 276-0046 JAPAN
Tel : 047-450-2391
Fax : 047-450-1392
URL : N/A
ACTIVITIES
Export of logs (cross trade)
BRANCHES
Nil
OFFICER(S)
HIDEYUKI SAWAMURA, PRES
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES UNDETD A/SALES Yen 500 M
PAYMENTS REGULAR CAPITAL Yen 50 M
TREND UNDETD WORTH Yen 50 M
STARTED 2004 EMPLOYES 1
COMMENT
CROSS TRADE EXPORTER OF LOGS.
FINANCIAL SITUATION CONSIDERED UNDETERMINED DUE TO THE RECENT INCEPTION
BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 2.9 MILLION, SECURED TERMS RECOMMENDED.
HIGHLIGHTS
The subject company was established by Hideyuki Sawamura jointly with
other partners, including India and Thailand businessmen, in order to make most
of their experiences in the subject line of business. This is a commission merchant registered and located in Japan
engaged in cross-trade exports of logs from Myanmar to India and Thailand. Business operations are wholly handled in
Japan. Business is considered on the
upswing. Financials are not disclosed
and the following numbers have been obtained verbally from H Sawamura.
The sales volume for Dec/2005 fiscal term amounted to Yen 500 million,
an 11% up from Yen 450 million in the previous term. Demand from automobile and beer industries rose to boost sales. The net profit was posted at Yen 10 million,
a 25% increase from Yen 8 million a year ago.
For the current term ending Dec 2006 the net profit is projected at Yen
12 million, on a 4% rise in turnover, to Yen 520 million.
Both the financial situation and business trends are not determined due
to the recent inception but should be good for MODERATE business
engagements. Business is considered on
the upswing, however. Max credit limit
is estimated at Yen 2.9 million, on secured terms recommended.
REGISTRATION
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Date
Registered |
Jan 2004 |
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Legal Status |
Limited Partnership Company (Goshi Kaisha) |
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Regd Capital |
Yen 50 million |
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Major shareholders (%) |
Hideyuki Sawamura and partners (--100) |
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No. of shareholders |
5 |
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Nothing detrimental is known as to the commercial morality of
executives. |
OPERATION
Activities
Export agency of logs from Myanmar to India and Thailand (--100%).
Clients
[Mfrs, wholesalers] Shipped to India and Thailand.
No. of accounts
Unavailable
Domestic areas of activities
Centered in greater-Tokyo
Suppliers
[Mfrs, wholesalers] Supplied from Myanmar.
Payment record
Regular
Location
Business area in Yachiyo City, adjacent to Chiba City. Office premises at the caption address are
owned by H Sawamura as his private residence and maintained satisfactorily.
Bank References
Bank of India (Tokyo)
Relations: Money deposits & transfer only
FINANCES
(In Million Yen)
NOT MADE AVAILABLE
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 |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average/normal. |
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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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)