MIRA INFORM REPORT

 

 

Report Date :

4th May 2006

 

IDENTIFICATION DETAILS

 

Name :

CVC  TECHNOLOGIES  [THAILAND]  BRANCH

 

 

Registered Office :

17  Soi  Ladprao,  128/1 Ladprao  Road,  Klongchan,  Bangkapi, Bangkok  10240, 

Thailand

 

 

Legal Form :

Foreign  Branch

 

 

Line of Business :

Importer and distributor labeling machinery for pharmaceutical industry                                             

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

Small

 

Status :

Foreign Branch

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 

 

 

 

 

NAME

 

CVC  TECHNOLOGIES  [THAILAND]  BRANCH

 

 

SUMMARY

 

BUSINESS  ADDRESS                     :         17  SOI  LADPRAO,  128/1

                                                                   LADPRAO  ROAD,  KLONGCHAN, 

                                                                   BANGKAPI, BANGKOK  10240, 

                                                                   THAILAND

TELEPHONE                                    :         [66]   2375-7702,  2375-7710

FAX                                                   :         [66]   2375-7240

E-MAIL  ADDRESS                          :         somchai@cvcpharmapack.com 

marketing@cvcpharmapack.com

REGISTRATION  ADDRESS            :         -

ESTABLISHED                                :         -

REGISTRATION  NO.                      :         -

CAPITAL REGISTERED                  :         -

CAPITAL PAID-UP                           :         -

FISCAL YEAR CLOSING DATE       :         -         

LEGAL  STATUS                              :         FOREIGN  BRANCH

EXECUTIVE                                      :         MR.  SOMCHAI,   THAI

                                                                   MANAGING  DIRECTOR

NO.  OF  STAFF                                :         6

LINES  OF  BUSINESS                     :         LABELING  MACHINERY  FOR 

                                                                   PHARMACEUTICAL INDUSTRY

                                                                   IMPORTER  AND  DISTRIBUTOR

                                     

 

                    

CORPORATE  PROFILE

 

OPERATING  TREND                       :         STABLE               

PRESENT  SITUATION                    :         OPERATING  NORMALLY                 

REPUTATION                                   :         -

MANAGEMENT  STANDARD           :         -                 

 

 

 

 

HISTORY

 

The  subject  was  established  in  Thailand  as  a  foreign  branch  of  CVC  Technologies  Inc.,  United  States  of  America.  It  was  not  registered  in  Thailand.  It  currently  employs  6   staff.  

 

The  subject’s  business  address  is  17  Soi  Ladprao,  128/1  Ladprao  Rd.,  Klongchan,  Bangkapi,  Bangkok 10240.

 

 

MANAGEMENT

 

Mr.  Somchai  is  the  Managing  Director.

He  is  Thai  nationality.

 

 

BUSINESS  OPERATIONS

 

The  subject’s  activities  are  importer  and  distributor  of  labeling  machinery  for  pharmaceutical industry.  It  specializes  in  label  application  systems,  fully  integrated  packaging  lines  and  specialty  machines  for  counting,  filling  and  capping.

 

 

PURCHASE

 

100%  of  the  products  is  imported  from  United  States  of  America.

 

 

MAJOR  SUPPLIER

 

CVC  Technologies  Inc. :  United  States  of  America

 

 

SALES 

 

100%  of  the  products  is  sold  and  services  locally  to  wholesalers  and  end-users.

 

 

HEAD  OFFICE

 

CVC  Technologies  Inc.

10861  Business  Drive,  Fontana,  CA  92337

Tel.:  909-355-0311

Fax:  909-355-0411

 

 

SUBSIDIARY  AND  AFFILIATED  COMPANY

 

The  subject  is  not  found   to  have  any  subsidiary  nor  affiliated  company  here  in  Thailand.

 

 

LITIGATION

 

Bankruptcy  and  Receivership

 

There  are  no  litigation  on  bankruptcy  and  receivership  cases  filed  against  the  subject  found  at  Legal  Execution  Department  for  the  past  five  years.

 

Others

 

There  are  no  legal  suits  filed  against   the  subject  for  the  past  two  years.

 

 

EMPLOYMENT

 

The  subject  employs  6  staff.  

 

 

LOCATION   DETAILS

 

The  premise  is  rented  for  administrative  office  at  the  heading  address.  Premise  is  located  in  commercial/residential   area.

 

 

COMMENT

 

Please  be  informed  that  the subject  is  reluctant  to  release  any  further  information  due  to  the  company’s  policy.  Any  business  engagement  should  be  treated  on  a  secured  basis.

 

 

NOTE 

 

Due  to  the  subject  is  a  foreign  branch  and  is  not  registered  in  Thailand,  there  is  no  financial  information  including  list  of  shareholder  and  financial  statements  available.

 

 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

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

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

 

 

 

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