MIRA INFORM REPORT

 

 

Report Date :           

03.08.2011

 

IDENTIFICATION DETAILS

 

Name :

SHIP GUARD INC

 

 

Registered Office :

YS Bldg 7F, 4-5-18 Honmachi Chuoku Osaka 541-0053

 

 

Country :

Japan

 

 

Date of Incorporation :

September 2009

 

 

Com. Reg. No.:

 (Osaka-Chuoku) 139859

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Inspection of life boat, life craft, firefighting services

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

----

 

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 – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

Japan

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 Bottom of Form

 

Company name

 

SHIP GUARD INC

 

 

REGD NAME

 

KK Ship Guard

 

 

MAIN OFFICE

 

YS Bldg 7F, 4-5-18 Honmachi Chuoku Osaka 541-0053 JAPAN

Tel: 06-4964-0102     Fax: 06-4904-0103

                                               

URL:                             http://www.ship-guard.com (now under construction)

E-Mail address:                        inspection@ship-guard.com

 

 

ACTIVITIES

 

Inspection of life boat, life craft, firefighting services

 

 

BRANCHES

 

Osaka

 

 

OVERSEAS   

 

Worldwide (See OPERATION)

 

 

FACTORIES

 

(subcontracted)

 

OFFICERS

 

SATORU OOMORI, PRES                     

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES        UNDETD                       A/SALES          Yen 100 M*

PAYMENTS      Unknown                   CAPITAL           Yen 50 M

TREND UNDETD                       WORTH            Yen 50 M**

STARTED         2009                             EMPLOYES      7

                                                *.. Sales target for the initial term ending Aug/2010

                                                **.. Expressed by the paid-in Capital

 

COMMENT

 

INSPECTOR OF LIFE BOATS & CRAFTS.

 

FINANCIAL SITUATION UNDETERMINED DUE TO THE LACK OF PROVEN BUSINESS BUT SHOULD BE GOOD FOR MODERATE   BUSINESS ENGAGEMENTS.

                       

MAX CREDIT LIMIT: UNABLE TO BE ASSESSED DUE TO THE SAME REASON.  ANY CREDITS ON NEW TRANSACTIONS ARE RECOMMENDED ON FULLY SECURED TERMS.

 

 

HIGHLIGHTS

           

The subject company was established by Satoru Oomori in order to make most of his experience in the subject line of business.  This is a specialized inspector of life boats & jackets.  Also offers firefighting services, other.  Newly launched life craft exchange services at major ports worldwide.  Also engaged in sales and purchase of used life boats/rafts.  Agent inspector of Tsuneishi Facilities & Craft Co Ltd, ship & life boat builder belonging to Tsuneishi Holdings Group, ship builder, Hiroshima. 

 

 

FINANCIAL INFORMATION

           

Financials are not disclosed.  The firm declined to disclose any of its figures.

The sales volume for the initial accounting term ending Aug/2010 were targeted at around Yen 100 million, but this has not been verified.  No outside sources report any of its financials.

 

For the current term ending Aug 2011 the sales are said to be Yen 200 million to Yen 300 million.  But again this is only talked in the market and not verified. 

 

Both the financial situation and business trends are not determined due to the recent inception and without proven business records but should be good for MODERATE business engagements.  Max credit limit is unable to be assessed due to the same reason.  Any credits on new transactions are recommended on secured terms.

 

 

REGISTRATION

 

Date Registered:  Sept 2009

Regd No.:         (Osaka-Chuoku) 139859

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         4,000 shares

Issued:             1,000 shares

Sum:                   Yen 50 million

Major shareholders (%): Satoru Oomori, other (--100)

No. of shareholders: 7

 

Nothing detrimental is known as to the commercial morality of executives.

 

 

OPERATION

           

Activities: Inspection services for life boats/davits, life rafts, FFE inspection, firefighting services, life rafts exchange services at major ports worldwide, other (--100%).

 

(Covering areas):

 

Asia: China, Taiwan, Korea, Malaysia, Philippines, Singapore, Thailand, Vietnam, India, Turkey, UAE;

 

Africa: Egypt;

 

Europe: France, Germany, Netherlands, Italy, Greece, Spain;

 

Americas: USA, Canada, Panama, Argentine, Brazil;

 

Australia

 

Location: Business area in Osaka.  Office premises at the caption address are leased and maintained satisfactorily.

 

Bank References:

SMBC (Midosuji)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

NOT DISCLOSED AND UNAVAILABLE

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.23

UK Pound

1

Rs.72.09

Euro

1

Rs.62.99

 

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.