MIRA
INFORM REPORT
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Report Date : |
12.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
SHIVAH SAWA SHOJI |
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Registered Office : |
156-48 Oowada-Shinden Yachiyo City Chiba-Pref
276-0046 |
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Country : |
Japan |
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Date of Incorporation : |
January 2004 |
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Legal Form : |
Limited Partnership Company (Goshi Kaisha) |
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Line of Business : |
Exporter and Importer of cheek woods
out of Yangon, Burma |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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. |
Small |
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Maximum Credit Limit : |
Yen 26 Million |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
NAME
SHIVAH SAWA SHOJI
REGD NAME
Shivah Sawa Shoji (Limited Partnership)
MAIN OFFICE
156-48 Oowada-Shinden Yachiyo City Chiba-Pref 276-0046 JAPAN
Tel: 047-450-2391
Fax: 047-450-1392
URL: N/A
ACTIVITIES
Export, import of cheek woods out of Yangon, Burma
BRANCHES
Yangon, Myanmar
OFFICERS
HIDEYUKI SAWAMURA, PRES
Nilesh Patel, Gen Mgr (Myanmar Office)
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 1,500 M*
PAYMENTS REGULAR CAPITAL Yen 50 M
TREND STEADY WORTH Yen 50 M
STARTED 2004 EMPLOYES 1
*.. Professed by the owner but not verified by third
parties.
COMMENT
COMMISSION
MERCHANT OR IMPORT AND EXPORT OF CHEEK WOOD OUT OF YANGON, MYANMAR.
FINANCIAL
SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT
YEN 26 MILLION, 30 DAYS NORMAL TERMS. .
HIGHLIGHTS
The subject company was established by Hideyuki Sawamura in order to make most of his experience in the subject line of business. This is a trading firm specializing in importing teakwood from Myanmar, also export to Thailand & India. It is a group of three firms: Sawamura Shoji Inc, handling export/import of hardwood log & lumber to/from Asia & Europe; GK Shivah Sawa Shoji (Japan) and Shivah Prasad Enterprises (India). Has a purchasing office in Myanmar.
FINANCIAL INFORMATION
Financials
are not disclosed. We have obtained the
following figures from the owner privately over the telephone.
The
sales volume for Dec/2007 fiscal term is said amounted to Yen 1,500 million, a similar
amount in the previous term. The net
profit was posted at yen 15 million, similarly in the last term.
For
the current term ending Dec 2008 the net profit is projected at Yen 15 million,
on a similar turnover, at Yen 1,500 million.
The
financial situation is considered maintained FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 26 million, on 30 days normal terms.
REGISTRATION
Date Registered: Jan
2004
Legal Status: Limited
Partnership Company (Goshi Kaisha)
Invested Amount: Yen
50 million
Major shareholders (%)
Hideyuki Sawamura & partners
(--100)
No. of shareholders
5
Nothing detrimental is known as to the commercial morality
of executives.
OPERATION
Activities: Imports, exports and wholesales cheek woods
& products, out of Yangon, Burma (100%)
Goods are exported from Yangon to Japan, China, India,
other.
Clients
[Mfrs, wholesalers] Exports from Yangon, Myanmar.
No. of accounts
Unavailable
Domestic areas of activities
Nationwide
Suppliers
[Mfrs, wholesalers] Exports from Yangon, Myanmar
Payment record
Regular
Location
Business
area in Yachiyo City, Chiba-Pref.
Office premises at the caption address are owned by Y Sawamura as his private
residence and maintained satisfactorily.
Bank References
Bank of India (Tokyo)
Relations: Satisfactory
FINANCES: (In Million Yen)
NOT 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. |
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%)