MIRA
INFORM REPORT
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Report Date : |
2nd
November 2006 |
IDENTIFICATION
DETAILS
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Name : |
MAXI
MD. LIMITED PARTNERSHIP |
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Registered Office : |
322/1 Soi Navamin 17, Navamin Road, Klongchan, Bangkapi, Bangkok 10240 |
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Country : |
Thailand |
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Financials (as on) : |
31/12/2005 |
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Date of Incorporation : |
1979
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Com. Reg. No.: |
0103522021796 |
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Legal Form : |
Limited
Partnership |
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 : |
No
More Active |
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Payment Behaviour : |
-- |
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Litigation : |
-- |
NAME & ADDRESS
MAXI MD. LIMITED PARTNERSHIP
SUMMARY
BUSINESS ADDRESS : -
TELEPHONE : -
FAX : -
REGISTRATION ADDRESS : 322/1 SOI NAVAMIN 17, NAVAMIN ROAD,
KLONGCHAN, BANGKAPI, BANGKOK 10240
ESTABLISHED : 1979
REGISTRATION NO. : 0103522021796 [Former : 2188/2522]
CAPITAL REGISTERED : BHT. 100,000
CAPITAL PAID-UP : BHT. 100,000
FISCAL YEAR CLOSING DATE : DECEMBER 31
LEGAL STATUS : LIMITED PARTNERSHIP
EXECUTIVE : -
NO. OF STAFF : -
LINES OF BUSINESS : -
CORPORATE PROFILE
OPERATING TREND : DECLINE
PRESENT SITUATION : STOP OPERATION
REPUTATION : -
MANAGEMENT STANDARD : -
HISTORY
The subject was established on December 18, 1979 as a limited partnership under the name style MAXI MD. LIMITED PARTNERSHIP, by Ms. Duangkhae Chaisomboon and Mr. Phisit Tangkabodee, to import and distribute medical equipment and instrument to domestic market.
In 2003, subject was stopped its activity, but has not yet revoked its name from the Commercial Registration Department.
The subject’s registered address was located at 322/1 Soi Navamin 17, Navamin Rd., Klongchan, Bangkapi, Bangkok 10240.
At present, the above address is an operation address of Maxi Medical Co., Ltd., the subject’s related company.
AUTHORIZED PERSON
Mr. Phisit Tangkabodee can sign on behalf of the subject with seal affixed. He also bears full financial responsibility by law.
REMARK
CREDIT OF US$ 150,000 AGAINST D/A TERMS IS NOT RECOMMENDED.
COMMENT
Any
business engagement with
the subject should
be ceased.
FINANCIAL INFORMATION
The capital was registered at Bht. 100,000 which was carried by 2 persons as followed :
Name Age Amount
Ms. Duangkhae Chaisomboon [52] Bht. 50,000
Mr. Phisit Tangkabodee [58] Bht. 50,000 [unlimited partner]
NAME OF AUDITOR &
CERTIFIED PUBLIC ACCOUNTANT
NO.
Mr. Prasong Luengsawasdi No. 1371
BALANCE SHEET [BAHT]
The latest
financial figures published as
at December 31,
2005 & 2004 were:
ASSETS
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Current Assets |
2005 |
2004 |
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Cash in
hand & at
Bank |
1,536,910.00 |
1,541,923.24 |
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Investment |
1,500,000.00 |
1,500,000.00 |
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Total
Current Assets |
3,036,910.00 |
3,041,923.24 |
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Fixed
Assets |
1,065.02 |
5,997.73 |
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Other
Assets |
6,000.00 |
6,000.00 |
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Total
Assets |
3,043,975.02 |
3,053,920.97 |
LIABILITIES
& SHAREHOLDERS' EQUITY [BAHT]
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Current Liabilities |
2005 |
2004 |
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Accrued Expenses |
5,000.00 |
5,000.00 |
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Total Current Liabilities |
5,000.00 |
5,000.00 |
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Shareholders' Equity |
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Capital Paid |
100,000.00 |
100,000.00 |
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Unappropriated |
2,938,975.02 |
2,948,920.97 |
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Total Shareholders' Equity |
3,038,975.02 |
3,048,920.97 |
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Total Liabilities & Shareholders' Equity |
3,043,975.02 |
3,053,920.97 |
PROFIT & LOSS ACCOUNT
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Revenue |
2005 |
2004 |
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Interest
Income |
- |
4,120.53 |
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Total
Revenues |
- |
4,120.53 |
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Expenses |
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Vocational Fee
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5,000.00 |
5,000.00 |
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Depreciation |
4,932.71 |
16,858.18 |
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Miscellaneous Expenses |
13.24 |
0.41 |
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Withholding Tax |
- |
26,447.20 |
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Total Expenses
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9,945.95 |
48,305.79 |
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Net Profit / [Loss] |
2,948,920.97 |
2,993,106.23 |
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Retained
Earning, beginning of
year |
[9,945.95] |
[44,185.26] |
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Retained Earning, end
of year |
2,938,975.02 |
2,948,920.97 |
FINANCIAL ANALYSIS
Annual
Growth & Profitability
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Annual
Growth |
2005 |
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Net Profit |
[1.48] |
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Fixed Assets |
[82.24] |
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Total Assets |
[0.33] |
Net Profit was
decreased by 1.48%,
Fixed Assets was
decreased by 82.24%,
Total Assets was
decreased by 0.33%.
Liquidity
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Liquidity |
2005 |
2004 |
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Current Ratio |
607.38 |
608.38 |
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Quick
- assets ratio |
607.38 |
608.38 |
Current Ratio
was decreased from
608.38 to 607.38,
show Current Assets
can cover Current
Liabilities, Liquidity Ratio
of the company was good,
and Quick-assets Ratio
was decreased from
608.38 to 607.38,
capacity to pay
Short Term Loan
was good too,
because Current Assets
without Inventory can
cover Current Liabilities.
Leverage
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Leverage |
2005 |
2004 |
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D/E Ratio |
0.00 |
0.00 |
D/E Ratio was
stable at 0.00,
show the company
had fund from
Equity more than
fund from Loan,
investment risked of
the company is
low.
Efficiency
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Efficiency |
2005 |
2004 |
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Return on
Assets |
96.88 |
98.01 |
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Return on
Equity |
97.04 |
98.17 |
Return on Assets
was decreased from
98.01 to 96.88,
Return on Equity
was decreased from
98.17 to 97.04,
capacity to use
Assets to make
profit was good.
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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 |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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