|
Report Date : |
04.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
SHIVAH SAWA
SHOJI CO LTD |
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|
|
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Registered Office : |
156-48 |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
Jan 2003 |
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|
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Com. Reg. No.: |
0400-03-000876
(Chiba-Yachiyo) |
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Legal Form : |
Limited
Company (Kabushiki Kaisha) |
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Line of Business : |
Import,
export of teakwood |
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|
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No. of Employees : |
1 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No complaints |
|
Litigation : |
Clear |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
JAPAN - ECONOMIC OVERVIEW
In the years following World War II,
government-industry cooperation, a strong work ethic, mastery of high
technology, and a comparatively small defense allocation (1% of GDP) helped
Japan develop a technologically advanced economy. Two notable characteristics
of the post-war economy were the close interlocking structures of
manufacturers, suppliers, and distributors, known as keiretsu, and the
guarantee of lifetime employment for a substantial portion of the urban labor
force. Both features are now eroding under the dual pressures of global
competition and domestic demographic change. Japan's industrial sector is
heavily dependent on imported raw materials and fuels. A tiny agricultural
sector is highly subsidized and protected, with crop yields among the highest
in the world. Usually self-sufficient in rice, Japan imports about 60% of its
food on a caloric basis. Japan maintains one of the world's largest fishing
fleets and accounts for nearly 15% of the global catch. For three decades,
overall real economic growth had been spectacular - a 10% average in the 1960s,
a 5% average in the 1970s, and a 4% average in the 1980s. Growth slowed
markedly in the 1990s, averaging just 1.7%, largely because of the after
effects of inefficient investment and an asset price bubble in the late 1980s
that required a protracted period of time for firms to reduce excess debt,
capital, and labor. Measured on a purchasing power parity (PPP) basis that
adjusts for price differences, Japan in 2011 stood as the fourth-largest
economy in the world after second-place China, which surpassed Japan in 2001,
and third-place India, which edged out Japan in 2011. A sharp downturn in
business investment and global demand for Japan's exports in late 2008 pushed
Japan further into recession. Government stimulus spending helped the economy
recover in late 2009 and 2010, but the economy contracted again in 2011 as the
massive 9.0 magnitude earthquake in March disrupted manufacturing. Electricity
supplies remain tight because Japan has temporarily shut down almost all of its
nuclear power plants after the Fukushima Daiichi nuclear reactors were crippled
by the earthquake and resulting tsunami. Estimates of the direct costs of the
damage - rebuilding homes, factories, and infrastructure - range from $235
billion to $310 billion, and GDP declined almost 0.5% in 2011. Prime Minister
Yoshihiko NODA has proposed opening the agricultural and services sectors to
greater foreign competition and boosting exports through membership in the
US-led Trans-Pacific Partnership trade talks and by pursuing free-trade agreements
with the EU and others, but debate continues on restructuring the economy and
reining in Japan's huge government debt, which exceeds 200% of GDP. Persistent
deflation, reliance on exports to drive growth, and an aging and shrinking
population are other major long-term challenges for the economy
|
Source
: CIA |
SHIVAH SAWA SHOJI CO LTD
REGD NAME: KK
Shivah Sawa Shoji (changed from GK to KK in Aug/2012)
MAIN OFFICE: 156-48
Owada-Shinden Yachiyo City Chiba-Pref 276-0046
Tel:
047-450-2391 Fax: 047-450-1392
URL: http://www.globalwood.org/company/
E-mail address: (thru the URL)
Import,
export of teakwood
Myanmar
PERMANAND
PATEL, OWNER
Hideyuki Sawamura, mgn dir
Nilesh
Patel, Gen Mgr (Myanmar Office)
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES R/WEAK A/SALES Yen 1,900 M
PAYMENTS
No complaints CAPITAL Yen 85 M
TREND UP WORTH Yen 735 M
STARTED 2004 EMPLOYES 1
IMPORTER
OF TEAKWOOD FROM MYANMAR.
FINANCIAL SITUATION CONSIDERED
RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS
The subject
company was established by Permanand Patel & Hideyuki Sawamura in order to
make most of their experiences in the subject line of business. The subject changed the legal status in Aug
2012 from Goshi Kaisha to Kabushiki Kaisha (Limited Company), and newly paid-in
capital of Yen 85 million. 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; KK Shivah Sawa Shoji (Japan) and Shiv Prasad
Enterprises (India). Has a purchasing
office in Myanmar.
The firm
disclosed financials for the first time in Mar/2012, but only for partially.
The sales volume for Dec/2011
fiscal term amounted to Yen 1,900 million, a 6% up from Yen 1,800 million. The net profit is believed posted at Yen 190
million, compared with Yen 180 million a year ago.
For the current term ending Dec
2012 the net profit is projected at Yen 200 million, on a 5% rise in turnover,
to Yen 2,000 million.
The financial
situation is considered RATHER WEAK but should be good for MODERATE business
engagements.
Date Registered: Jan 2003
Regd No.: 0400-03-000876
(Chiba-Yachiyo)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized: 50,000 shares
Issued: 1,700 shares
Sum: Yen 85 million (effected in Aug/2012)
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:
Regular
Location: Business area in Yachiyo City, Chiba-Pref. Office premises at the caption address are
owned by Hideyuki Sawamura as his private residence and maintained
satisfactorily.
Bank References:
Bank
of India (Tokyo)
Relations:
Money deposits & transfers only
(In
Million Yen)
|
|
|
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
Annual
Sales |
|
2,000 |
1,900 |
1,800 |
|
Recur.
Profit |
|
|
|
|
|
Net
Profit |
|
200 |
190 |
180 |
|
Total
Assets |
|
|
N/A |
N/A |
|
Net
Worth |
|
|
735 |
545 |
|
Capital,
Paid-Up |
|
85 |
--- |
--- |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
5.26 |
5.56 |
6.26 |
|
|
Current Ratio |
|
|
.. |
.. |
|
N.Worth Ratio |
|
.. |
.. |
|
|
N.Profit/Sales |
10.00 |
10.00 |
10.00 |
|
Notes:
Financials are only partially disclosed
Forecast
(or estimated) figures for the 31/12/2012 fiscal term
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.33 |
|
|
1 |
Rs.84.30 |
|
Euro |
1 |
Rs.67.44 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.