MIRA
INFORM REPORT
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Report Date : |
21.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
SAENGRUNG
EXPORT LIMITED PARTNERSHIP |
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Registered Office : |
53/55
Soi Sarapee 2,
Ladya Road, Somdejchaopraya, Klongsan, Bangkok 10600 |
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Country : |
Thailand |
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Date of Incorporation : |
2007 |
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Com. Reg. No.: |
0103550018389 |
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Legal Form : |
Limited Partnership |
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Line of Business : |
Distributors of various kinds of machine tools. |
RATING & COMMENTS
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MIRA’s Rating : |
NR |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
New company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
name of the company
SAENGRUNG EXPORT
LIMITED PARTNERSHIP
SUMMARY
BUSINESS ADDRESS : 53/55 SOI SARAPEE 2,
LADYA ROAD,
SOMDEJCHAOPRAYA, KLONGSAN,
BANGKOK 10600,
THAILAND
TELEPHONE : [66] 2437-9709
FAX : [66] 2437-9709
E-MAIL ADDRESS : -
REGISTRATION ADDRESS : 269/280 SOI RIMKHLONG CHAKPHRA, BANGKHUNSRI,
BANGKOKNOI, BANGKOK
10700
ESTABLISHED : 2007
REGISTRATION NO.
: 0103550018389
CAPITAL
REGISTERED : BHT. 1,000,000
CAPITAL
PAID-UP : BHT. 1,000,000
FISCAL
YEAR CLOSING DATE : -
LEGAL STATUS : LIMITED PARTNERSHIP
EXECUTIVE : MR. CHIVAJI DUBAY, THAI
MANAGING PARTNER
NO. OF
STAFF : 2
LINES OF
BUSINESS : MACHINE TOOLS DISTRIBUTOR
CORPORATE PROFILE
OPERATING TREND : EARLY STAGE
PRESENT SITUATION : -
REPUTATION : -
MANAGEMENT STANDARD : -
HISTORY
The
subject was established
on June 13,
2007 as a
limited partnership under
the name style
SAENGRUNG EXPORT LIMITED
PARTNERSHIP by Thai
partners, in order
to distribute various
kinds of machine
tools to domestic
market. It currently
employs 2 staff.
The
subject’s registered address
is 269/280 Soi
Rimkhlong Chakphra, Bangkhunsri, Somdejchaophraya,
Bangkoknoi, Bangkok 1 0700, while
the current operation
address is at
53/55 Soi Sarapee
2, Ladya Rd.,
Ladya, Somdejchaopraya, Bangkok
10600.
AUTHORIZED PERSON
Mr. Chivaji Dubay can
sign on behalf
of the subject with seal
affixed. He also
bears full financial
responsibility by law.
MANAGEMENT
Mr. Chivaji Dubay
is the Managing Partner.
He is Thai nationality with
the age of
45 years old.
BUSINESS OPERATIONS
The subject is
engaged in distributing various kinds of
machine tools, such
as electric saw,
electric drill, hammer,
pliers, screw driver,
air tools, cutting
tools and etc.
PURCHASE
100% of the
products is purchased
from local suppliers
and agents.
SALES
The products is
sold locally to
retailers and end-users.
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.
CREDIT
Sales are by
cash.
Local bills are
paid by cash
or on the credits term
of 30-60 days.
BANKING
United Overseas
Bank [Thai] Public
Co., Ltd.
[Thanon Krungdhon-Sinn Sathorn
Tower Branch, Charoennakorn Rd., Klongsan, Bangkok]
EMPLOYMENT
The
subject employs 2
staff.
LOCATION DETAILS
The
premise is owned
for administrative office
and shop at
the heading address.
Premise is located
in commercial/residential area.
The
subject was relocated
its business office
from 269/280 Soi
Rimkhlong Chakphra, Bangkhunsri, Bangkoknoi, Bangkok 10700,
to the current address in
October 2007.
REMARK
CREDIT
OF US$ 15,000,000 IS NOT
RECOMMENDED.
COMMENT
The
subject is in
early stage of
operation. However, the
subject currently has not
much activity, any
business engagement should
be on secured basis.
FINANCIAL INFORMATION
The
capital was registered
at Bht. 1,000,000 which
was carried by 2 persons
as followed:
Name Age Amount
Mr. Chivaji
Dubay [45] Bht. 900,000 [unlimited partner]
Mr. Veerachai Samernamjai [47] Bht.
100,000
NOTE
Due to the subject has been established in 2007, therefore financial information has not yet available.
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. |
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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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%)