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Report Date : |
17.12.2013 |
IDENTIFICATION DETAILS
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Name : |
SHIVAH SAWA
SHOJI, KK |
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Registered Office : |
156-48 |
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Country : |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
January 2003 |
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Com. Reg. No.: |
(Chiba-Yachiyo)
001036 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import,
export of teakwood, wood working tools |
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No. of Employees : |
Not Available |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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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 small agricultural sector is highly subsidized and protected, with crop yields among the highest in the world. While self-sufficient in rice production, Japan imports about 60% of its food on a caloric basis. 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. Modest economic growth continued after 2000, but the economy has fallen into recession three times since 2008. A sharp downturn in business investment and global demand for Japan's exports in late 2008 pushed Japan 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 and the ensuing tsunami in March disrupted manufacturing. The economy has largely recovered in the two years since the disaster, but reconstruction in the Tohoku region has been uneven. Newly-elected Prime Minister Shinzo ABE has declared the economy his government's top priority; he has pledged to reconsider his predecessor's plan to permanently close nuclear power plants and is pursuing an economic revitalization agenda of fiscal stimulus and regulatory reform and has said he will press the Bank of Japan to loosen monetary policy. Measured on a purchasing power parity (PPP) basis that adjusts for price differences, Japan in 2012 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 2012. The new government will continue a longstanding debate 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
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Source : CIA |
SHIVAH SAWA SHOJI, KK
REGD NAME: KK
Shivah Sawa Shoji
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, wood working tools
Myanmar
PERMANAND
PATEL, OWNER
Hideyuki Sawamura, rep mgn dir
Nilesh
Patel, Gen Mgr (Myanmar Office)
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 3,600 M
PAYMENTS Slow but correct CAPITAL Yen
165 M
TREND UP WORTH Yen 220 M
STARTED 2004 EMPLOYES 1
IMPORTER
OF TEAKWOOD FROM MYANMAR.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY 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. 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 Shiva Prasad Enterprises (India). Has a purchasing office in Myanmar.
Financials
are only partially disclosed.
The sales volume for Dec/2012
fiscal term amounted to Yen 3,600 million, an 89% sharp rise from Yen 1,900
million in the previous term. Imports
increased particularly construction material demand rose for the quake-ridden
North Japan areas. Net profit was posted
at Yen 10 million, similarly in the previous term.
For the current term ending Dec 2013
the net profit was projected at Yen 13 million, on a 4% rise in turnover, to
Yen 3,750 million. Business is seen
expanding steadily.
The
financial situation is considered FAIR and good for ORDINARY business
engagements.
Date Registered: Jan 2003
Regd No.: (Chiba-Yachiyo) 001036
Legal Status:
Limited Company (Kabushiki Kaisha)
Capital: Yen 165 million
Equity participants:
Parmanand Patel, Hideyuki Sawamura, Nilesh Patel (--100)
No of shareholders: 5
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports and exports
teakwood from Myanmar, exporting to Thailand & India (--100%).
Payment record: Slow
but correct
Location: Business area in Yachiyo City, Chiba-Pref. Office premises at the caption address are
owned by P Patel as his residence and maintained satisfactorily.
Bank References:
Bank
of India (Tokyo)
Relations:
Money deposits & transfers only
(In
Million Yen)
|
Terms Ending: |
|
31/12/2013 |
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
Annual
Sales |
|
3,750 |
3,600 |
1,900 |
1,800 |
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
|
Net
Profit |
|
13 |
10 |
10 |
8 |
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Total
Assets |
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|
N/A |
N/A |
N/A |
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Net
Worth |
|
|
220 |
210 |
200 |
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Capital,
Paid-Up |
|
|
165 |
165 |
165 |
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Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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|
S.Growth Rate |
4.17 |
89.47 |
5.56 |
6.26 |
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|
Current Ratio |
|
|
.. |
.. |
.. |
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N.Worth Ratio |
|
.. |
.. |
.. |
|
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N.Profit/Sales |
0.35 |
0.28 |
0.53 |
0.44 |
|
Notes:
Financials are only partially disclosed.
Forecast (or estimated) figures
for the 31/12/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.10 |
|
|
1 |
Rs.101.27 |
|
Euro |
1 |
Rs.85.42 |
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 |
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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 |
|
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 |
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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 |
|
<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.