MIRA INFORM REPORT

 

 

Report Date :           

03.04.2012

 

IDENTIFICATION DETAILS

 

Name :

GOSHI KAISHA SHIVAH SAWA SHOJI

 

 

Registered Office :

156-48 Owada-Shinden Yachiyo City Chiba-Pref 276-0046

 

 

Country :

Japan

 

 

Date of Incorporation :

January 2003

 

 

Com. Reg. No.:

Chiba-Yachiyo) 001036

 

 

Legal Form :

Limited Partnership

 

 

Line of Business :

Import, export of teakwood

 

 

No. of Employees :

10

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

Yen 5.0 Million

Status :

Moderate

Payment Behaviour :

No Complaints

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Japan

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name

 

GOSHI KAISHA SHIVAH SAWA SHOJI

 

 

REGD NAME

 

GK Shivah Sawa Shoji

 

 

MAIN OFFICE

 

156-48 Owada-Shinden Yachiyo City Chiba-Pref 276-0046 JAPAN

Tel: 047-450-2391    

Fax: 047-450-1392

 

URL:                             http://www.globalwood.org/company/

E-mail address:            (thru the URL)

 

 

ACTIVITIES

 

Import, export of teakwood

 

 

BRANCHES

 

Myanmar

 

 

OFFICER(S)

 

PERMANAND PATEL, OWNER

Hideyuki Sawamura, mgn dir

Nilesh Patel, Gen Mgr (Myanmar Office)

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES                    UNDETD                       A/SALES          Yen 250 M*

PAYMENTS                  No Complaints          CAPITAL           - - -

TREND             UNDETD                       WORTH            Yen 1,000 M

STARTED                     2004                             EMPLOYES      10

                                                                                    * Estimated figures only

 

COMMENT    

 

IMPORTER OF TEAKWOOD FROM MYANMAR. 

 

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

 

MAX CREDIT LIMIT: YEN 5.0 MILLION, 30 DAYS, RECOMMENDING SECURED TERMS ON ANY & ALL CREDITS

 

 

HIGHLIGHTS

           

The subject company was established by Permanand Patel & Hideyuki Sawamura in order to make most of their experiences in the subject line of business.  This is a trading firm specializing in importing teakwood from Myanmar, also exports 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 Shiv Prasad Enterprises (India).  Has a purchasing office in Myanmar.

 

 

FINANCIAL INFORMATION

 

Financials are not disclosed.  The firm declined to disclose them.

 

The sales volume for Dec/2011 fiscal term is estimated amounted to Yen 250 million, a 17% down from Yen 300 million in the previous term.  Net profits/losses are not available.

 

Both the financial situation and business trends are not determined due to the lack of proven business records.  Max credit limit is estimated at Yen 5.0 million, on 30 days, strictly recommending secured terms on any & all credits.

 

 

REGISTRATION

 

Date Registered:  Jan 2003

Regd No.: 　　　　(Chiba-Yachiyo) 001036

Legal Status:        Limited Partnership (Goshi Kaisha)

Assets:                Yen 900 million (as reported)

Equity participants: Parmanand Patel, Hideyuki Sawamura, Nilesh Patel (breakdown unavailable)

 

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

 

 

OPERATION

 

Activities: Imports and exports teakwood from Myanmar, exporting to Thailand & India (--100%).

 

Payment record: No Complaints

 

Location: Business area in Yachiyo City, Chiba-Pref.  Office premises at the caption address are leased and maintained satisfactorily.

 

Bank References:

Local Bank

Relations: Money deposits & transfers only

 

 

FINANCES

(In Million Yen)

 

NOT MADE AVAILABLE

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.16

UK Pound

1

Rs.81.79

Euro

1

Rs.68.34

 

 

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.