MIRA INFORM REPORT

 

 

Report Date :

20.11.2013

 

IDENTIFICATION DETAILS

 

Name :

SHIV TRADING CO

 

 

Registered Office :

Simpang 1411-43-71, 5, Lot 39599 Kampong Tanjong Bunut Mukim Kilanas, Brunei-Muara, Bandar Seri Begawan BF2920

 

 

Country :

Brunei

 

 

Date of Incorporation :

2005

 

 

Legal Form :

Partnership – Limited

 

 

Line of Business :

Importer of Food Products

 

 

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

 

Status :

Moderate

Payment Behaviour :

Unknown

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)

Brunei

B1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

BRUNEI - ECONOMIC OVERVIEW

 

Brunei has a small well-to-do economy that depends on revenue from natural resource extraction but encompasses a mixture of foreign and domestic entrepreneurship, government regulation, welfare measures, and village tradition. Crude oil and natural gas production account for 60% of GDP and more than 90% of exports. Per capita GDP is among the highest in Asia, and substantial income from overseas investment supplements income from domestic production. For Bruneian citizens the government provides for all medical services and free education through the university level. The government of Brunei has been emphasizing through policy and resource investments it strong desire to diversity its economy both within the oil and gas sector and to new sectors

Source : CIA

REGISTERED NAME & COMPANY SUMMARY

 

Company Details

 

Organization Name

:

SHIV TRADING CO

Address

:

Simpang 1411-43-71, 5, Lot 39599 Kampong Tanjong Bunut Mukim Kilanas, Brunei-Muara, Bandar Seri Begawan BF2920

Country

:

Brunei

Phone (S)

:

[+673]-2662236

Facsimile

:

[+673]-2662036

Email

:

shiv_trading@hotmail.com

Website

:

http://www.shivtrading.com

Primary Business Activity

:

Importer

Key Industry

:

Food Products

 

Key Facts

 

Registered Legal Address

:

Simpang 1411-43-71, 5, Lot 39599 Kampong Tanjong Bunut Mukim Kilanas, Brunei-Muara, Bandar Seri Begawan BF2920

Operational Address

:

Simpang 1411-43-71, 5, Lot 39599 Kampong Tanjong Bunut Mukim Kilanas, Brunei-Muara, Bandar Seri Begawan BF2920

Issuing Authority

:

Registrar of Companies - National

License Number

:

P00065309

License Status

:

License exists - Normal.

Legal Form - Category

:

Partnership - Limited

Legal Form

:

Company

Legal Form - Abbreviation

:

CO

Operational Status of Business

:

Normal

Date of Registration

:

2005

Employees

:

10

Capital

:

n/a(1)

Note

:

(1) Not applicable.
According to the corporate statutory laws for this type of Legal Form - Category(Partnership - Limited) in Brunei, there is no requirement for Authorized Capital.

 

 

Report Details

 

 

 

 

 

 

Country

:

Brunei

Business Entity Name

:

SHIV TRADING CO

Primary Business Activity

:

Importer

Primary Industry

:

Food Products

Office Contact Details

Operating Address

:

Simpang 1411-43-71, 5, Lot 39599 Kampong Tanjong Bunut Mukim Kilanas, Brunei-Muara, Bandar Seri Begawan BF2920

Tel

:

[+673]-2662236

 

:

[+673]-2663626

Fax

:

[+673]-2662036

Email

:

shiv_trading@hotmail.com

Website Details

Website

:

http://www.shivtrading.com

Status

:

Normal - operational

Country of Registration

:

Brunei

Ownership Type

:

Registered ownership by Subject Business Entity

 

 

 

DIRECTORS/MANAGEMENT

 

 

COMPANY MANAGEMENT

 

 

 

Management Listings

 

 

Name

Nationality

Job Description

Dept. / Division

1

Mr. Mukesh Gianani

Bruneian

Representative

-

2

Mr. Chandrasen Punjabi

Bruneian

Partner

-

3

Mr. Manish Punjabi

Bruneian

Partner

-

 

 

Management Details - 1

Personal Unique Identifier

:

MI03561728

Name

:

Mr. Mukesh Gianani

 

 

 

Management Details - 2

Personal Unique Identifier

:

MI03561727

Name

:

Mr. Chandrasen Punjabi

 

 

 

Management Details - 3

Personal Unique Identifier

:

MI03561726

Name

:

Mr. Manish Punjabi

 

 

 

COMPANY DIRECTORS

 

 

 

Not applicable - According to the corporate statutory laws for this type of Legal Form - Category (Partnership - Limited) in Brunei, there is no requirement for Directors.

 

 

NEGATIVE INFORMATION

 

 

NEGA-SCAN - ADVERSE DATA MONITORING

 

 

 

 

DISHONORED CHECKS

 

No Record Found

 

 

DEBT

 

No Record Found

 

 

LITIGATION

 

No Record Found

 

 

PERFORMANCE DEFAULTS

 

No Record Found

 

 

ADVERSE LOCAL MEDIA COVERAGE / ADVERSE FILING HISTORY

 

No Record Found

 

 

 

 

SHARE & SHARE CAPITAL INFORMATION

 

 

SHAREHOLDERS

 

 

Total number of shareholders

:

n/a

Total number of shares

:

n/a

 

No.

Shareholders

Country

Shares

Number

Amount

%

1

Mr. Chandrasen Punjabi

Brunei

n/a

n/a

n/a

2

Mr. Manish Punjabi

Brunei

n/a

n/a

n/a

Total

n/a

n/a

n/a

 

 

PAYMENT INFORMATION

 

 

DOMESTIC SALES & PURCHASES

 

 

 

Annual Sales Analysis

Percentage

Domestic Sales

100%

International Sales (Export)

0%

 

 

 

 

Annual Purchases Analysis

Percentage

Local Purchases

10%

Imports

90%

 

 

 

PAYMENT TERMS

 

 

 

Selling

 

Type

Terms

Local

Cash on delivery (COD)

Credit - Unsecured 30~60 days

 

 

 

Purchasing

 

Type

Terms

Local

Cash on delivery (COD)

Credit - Unsecured 30~60 days

Import

Letter of Credit (At-sight)

Telegraphic Transfer (T/T) - Executed at time of transaction

 

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

N/a

 

 

FINANCIAL INFORMATION

 

 

FINANCIAL STATEMENT - DETAILED

 

 

 

Based on the corporate laws of Brunei, legal entities which are Partnership - Limited are not required to make public disclosure of their annual financials. Therefore no financials are available for this entity.

 

 

FOREIGN EXCHANGE RATES

 

N/a

 

 

ADDITIONAL INFORMATION

 

 

 Primary Products

Products / Materials / Services Description

Activity

Biscuits & cookies

Importing, Trading

Candies

Importing, Trading

Condiments

Importing, Trading

Confectionery products

Importing, Trading

Fast moving consumer goods

Importing, Trading

 

 

 

SIC PRODUCT CLASSIFICATION & ACTIVITY

 

 

 

Product/Service Description

Code

Activity

Candy and other confectionery products

2064

Importing, Trading

Confectionery

5145

Importing, Trading

Food and Kindred Products

2000

Importing, Trading

Food products, dried and dehydrated

2034

Importing, Trading

Food products, nspf

2099

Importing, Trading

Frozen fruits, fruit juices, and vegetables

2037

Importing, Trading

Fruits and tree nuts, nspf

0179

Importing, Trading

Macaroni, noodles, and similar products

2098

Importing, Trading

Macaroni, noodles, and similar products

2098

Importing, Trading

Manufactured articles, nspf

3999

Importing, Trading

 

 

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

 

 

 

Product/Service Description

Code

Activity

Beverages, spirits & vinegar

2200

Importing, Trading

Biscuits and other similar baked products

1905901090

Importing, Trading

Bread, biscuits and other similar baked products

1905901080

Importing, Trading

Bread, pastry cakes etc: comm wafers, empty caps etc

1905

Importing, Trading

Candied nuts ready for consumption

1704901000

Importing, Trading

Cashew nuts, fresh or dried, in shell

0801310000

Importing, Trading

Cashew nuts, fresh or dried, shelled

0801320000

Importing, Trading

Confections or sweetmeats put up for retail sale

1704902005

Importing, Trading

Confections or sweetmeats ready for consumption

1704902000

Importing, Trading

Ed. fruits & nuts, peel of citrus/melons

0800

Importing, Trading

 

 

 

DETAILED PRODUCT CLASSIFICATION & ACTIVITY

 

 

 

Products / Materials / Services Description

Ranking

Activity

Food products

Primary

Importing, Trading

Grocery products

Primary

Importing, Trading

Juices

Primary

Importing, Trading

Noodles

Primary

Importing, Trading

Nuts

Primary

Importing, Trading

Rice

Primary

Importing, Trading

Spices powder mix

Primary

Importing, Trading

Wafer biscuits

Primary

Importing, Trading

 

 

 

 

CORE BUSINESS DESCRIPTION

 

 

 

Core Business

 

The primary business focus of SHIV TRADING CO is Importing - Finished products.

Key products include :

Biscuits & cookies

Candies

Condiments

Confectionery products

Fast moving consumer goods

Food products

Grocery products

Juices

Noodles

Nuts

Rice

Spices powder mix

Wafer biscuits


An integral part of the core business includes:

Distribution

 

 

 

REPUTATION

 

 

 

Reference checking for the purpose of establishing the SHIV TRADING CO's reputation within the respective industry failed to reveal any adverse information.

 

 

IMPORT AGENCY LISTING

 

 

 

Supplier

:

GARUDAFOOD PUTRA PUTRI JAYA PT

Global Identifier

:

P1905334

Country of Origin

:

Indonesia

Product Description

:

Wafer biscuits

Brand/s

:

#1

Gery Wafers

Year

:

2008

 

Supplier

:

MAAZA INTERNATIONAL CO (LLC)

Global Identifier

:

P2508364

Country of Origin

:

United Arab Emirates

Product Description

:

Juices

Brand/s

:

#1

Maaza

Year

:

2005

 

Supplier

:

PRATIPA CASHEWS

Global Identifier

:

P0840637

Country of Origin

:

India

Product Description

:

Nuts

Brand/s

:

#1

Pratipa

Year

:

2005

 

Supplier

:

UNITED WARU BISCUIT MANUFACTORY PT

Global Identifier

:

30633509

Country of Origin

:

Indonesia

Product Description

:

Biscuits & cookies

Brand/s

:

#1

Pt. United Waru

Year

:

2010

 

 

 

 

 

INTERNATIONAL TRADE - Activity & Markets

 

 

 

 

Country / Region

Estimated level of importance

Trading Activity

Asia / Pacific

Medium

Importing

Middle-East

Medium

Importing

North America

Medium

Importing

China

Medium

Importing

India

Medium

Importing

Indonesia

Medium

Importing

Malaysia

Medium

Importing

Singapore

Medium

Importing

USA

Medium

Importing

United Arab Emirates

Medium

Importing

 

 

 

OFFICE & FACILITIES

 

 

 

Name

:

SHIV TRADING CO - BRUNEI-MUARA, BANDAR SERI BEGAWAN

Land Size

:

10,000 Square feet

Address

:

Simpang 1411-43-71, 5, Lot 39599 Kampong Tanjong Bunut Mukim Kilanas, Brunei-Muara, Bandar Seri Begawan BF2920

Country

:

Brunei

Other Use

:

Warehouse

Status

:

Operational

 

 

NOTES & COMMENTS

 

N/a

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.62.23

UK Pound

1

Rs.100.18

Euro

1

Rs.84.06

 

 

INFORMATION DETAILS

 

Report Prepared by :

NIS

 

 

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.