MIRA
INFORM REPORT
|
Report Date : |
31st
May 2006 |
IDENTIFICATION
DETAILS
|
Name : |
JEWELRY
TELEVISION BANGKOK LTD. |
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Registered Office : |
40th
Floor, Jewelry Trade
Center, 919/472 Silom
Road, Silom, Bangrak,
Bangkok 10500, Thailand |
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Country : |
Thailand |
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Financials (as on) : |
30th
June 2005 |
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Date of Incorporation : |
June
28, 2005 |
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Com. Reg. No.: |
0105548084207 |
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Legal Form : |
Private
limited company |
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Line of Business : |
EXPORTER
of FINE JEWELRY AND GEMSTONE PRODUCTS |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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Status : |
New
Company |
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Payment Behaviour : |
Unknown
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Litigation : |
Clear |
NAME
JEWELRY TELEVISION BANGKOK LTD.
SUMMARY
BUSINESS ADDRESS : 40th
FLOOR, JEWELRY TRADE
CENTER,
919/472
SILOM ROAD, SILOM,
BANGRAK,
BANGKOK 10500,
THAILAND
TELEPHONE : [66]
2630-3401-4
FAX :
[66] 2630-3406
E-MAIL ADDRESS : chiang.min@acntv.com
REGISTRATION ADDRESS : SAME AS
BUSINESS ADDRESS
ESTABLISHED : 2005
REGISTRATION NO.
: 0105548084207
[ FORMER : 010845813232]
CAPITAL REGISTERED : BHT. 6,000,000
CAPITAL PAID-UP
: BHT. 6,000,000
FISCAL YEAR CLOSING
DATE : JUNE 30
LEGAL STATUS : PRIVATE LIMITED
COMPANY
EXECUTIVE : MR.
CHIANG KIAM MIN, SINGAPOREAN
GENERAL MANAGER
NO. OF
STAFF : 15
LINES OF
BUSINESS : FINE
JEWELRY AND GEMSTONE PRODUCTS
EXPORTER
CORPORATE PROFILE
OPERATING TREND : EARLY STAGE
PRESENT SITUATION : OPERATING NORMALLY
REPUTATION : -
MANAGEMENT STANDARD : -
HISTORY
The subject was established
on June 28,
2005 as a private
limited company under the
name style JEWELRY
TELEVISION BANGKOK LTD.,
by American group, with
the business objective
to export various
kinds of fine
jewelry and gemstone
products. It currently
employs 15 staff.
Subject is a wholly
owned subsidiary of
America’s Collectibles Network
Inc. of U.S.A.
The subject’s registered address
is 919/472 Jewelry
Trade Center, Silom
Rd., Silom, Bangrak,
Bangkok 10500, and
this is the
subject’s current operation
address.
THE BOARD OF DIRECTORS
|
Name |
|
Nationality |
Age |
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|
|
|
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Mr.
Fred Robert Hall |
[x] |
American |
58 |
|
Mr.
William Culver Kouns |
[x] |
American |
52 |
|
Mr.
Charles Albert Wagner
III |
[x] |
American |
62 |
|
Mr.
Roger Gregory West |
[x] |
American |
45 |
|
Mr.
Gerald D. Sisk, Jr. |
[x] |
American |
53 |
|
Ms.
Natalie Frances Parman |
[x] |
American |
34 |
|
Mr.
Sunie Khinvasara |
|
Indian |
47 |
|
Mr.
Chiang Kiam Min |
|
Singaporean |
43 |
|
Mr.
Ekaphan Aswapongpanich |
|
Thai |
38 |
AUTHORIZED PERSON
Two of
the mentioned directors
[x] can jointly
sign on behalf
of the subject with company’s
affixed.
MANAGEMENT
Mr. Chiang
Kiam Min
is the General Manager.
He is
Singaporean nationality with
the age of 43
years old.
BUSINESS OPERATIONS
The subject
is engaged in
exporting fine jewelry
and gemstone products
such as bracelet,
necklace, chain, enhancer,
ring, earring, charm,
pendants, & etc.
The subject
has just started
its activity at
the beginning of
2006.
PURCHASE
100% of
the products is
purchased from local
suppliers and manufacturers.
EXPORT
100% of
the products is exported
to United States
of America and
Asian countries.
PARENT COMPANY
America’s Collectibles Network Inc. : United States of America
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.
CREDIT
Local bills
are paid by
cash or on
the credits term
of 30-60 days.
Exports are
by L/C at sight or
T/T.
BANKING
Bangkok Bank
Public Co., Ltd.
EMPLOYMENT
The
subject employs 15
staff.
LOCATION DETAILS
The
premise is rented
for administrative office
at the heading address. Premise
is located in
prime commercial area.
COMMENT
Newly
established company and
sales revenue are unknown,
any business engagement
is recommended on
secured term. In
general, the export
business of fine
jewelry and gemstone
products has a
good prospects. The subject
also plans to
export its product to Middle East countries in
the future.
FINANCIAL INFORMATION
The
capital was registered
at Bht. 6,000,000
divided into 60,000
shares of Bht.
100 each with
fully paid.
THE SHAREHOLDERS LISTED WERE
[as
at October 28,
2005]
|
NAME |
HOLDING |
% |
|
|
|
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America’s
Collectibles Network Inc. Nationality: American Address :
10001 Kingston Pike
Knoxville, Tennessee, U.S.A. |
59,993 |
99.99 |
|
Mr. Fred
Robert Hall Nationality: American Address :
10001 Kingston Pike
Knoxville, Tennessee, U.S.A. |
1 |
|
|
Mr. William Culver Kouns Nationality: American Address :
10001 Kingston Pike
Knoxville, Tennessee, U.S.A. |
1 |
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Ms. Natalie Frances Parman Nationality: American Address :
12717 Complaen Rd.,
Knoxville, Tennessee, U.S.A. |
1 |
=0.01 |
|
Mr. Sunie
Khinvasara Nationality: Indian Address :
14 Merfield boulevard, New Jersey, U.S.A. |
1 |
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Mr. Gerald D Sisk, Jr. Nationality: American Address :
10001 Kingston Pike
Knoxville, Tennessee, U.S.A. |
1 |
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Mr. Charles Albert Wagner III Nationality: American Address :
10001 Kingston Pike
Knoxville, Tennessee, U.S.A. |
1 |
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Mr. Roger
Gregory West Nationality: American Address :
Oneda, Tennessee, U.S.A. |
1 |
|
Total
Shareholders : 8
NAME OF AUDITOR &
CERTIFIED PUBLIC ACCOUNTANT
NO.
Mr.
Sivachai Komthongsathit No.
6314
]
BALANCE SHEET [BAHT]
The
latest financial figures
published for June
30 June 2005
was:
ASSETS
|
Current Assets |
2005 |
|
|
|
|
Loan to
Related Person |
6,000,000.00 |
|
Total
Current Assets |
6,000,000.00 |
|
Total
Assets |
6,000,000.00 |
LIABILITIES
& SHAREHOLDERS' EQUITY [BAHT]
|
Current Liabilities |
2005 |
|
|
|
|
Accrued Expenses |
16,420.00 |
|
Advanced from
Directors |
31,100.00 |
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Total Current Liabilities |
47,520.00 |
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Total
Liabilities |
47,520.00 |
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|
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Shareholders' Equity |
|
|
|
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Share
capital : Baht 100 par
value authorized, issued and fully
paid
share capital 60,000
shares |
6,000,000.00 |
|
Capital Paid |
6,000,000.00 |
|
Retained Earning - Unappropriated |
[47,520.00] |
|
Total Shareholders' Equity |
5,952,480.00 |
|
Total Liabilities &
Shareholders' Equity |
6,000,000.00 |
PROFIT & LOSS ACCOUNT
|
Revenue |
2005 |
|
Total
Revenues |
- |
|
Expenses |
|
|
|
|
|
Consultant Fee
Services |
6,420.00 |
|
Auditor Account |
10,000.00 |
|
Administrative Expenses |
31,100.00 |
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Total Expenses
|
47,520.00 |
|
Net
Profit / [Loss] |
[47,520.00] |
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 |