MIRA
INFORM REPORT
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Report Date : |
25th
January, 2007 |
IDENTIFICATION
DETAILS
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Name : |
AUSTRO THAI CONSULTANT CO., LTD. |
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Registered Office : |
206/36
Moo 9, T. Nongprue, Banglamung
Distric, Chonburi 20260 |
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Country : |
Thailand |
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Financials (as on) : |
31.12.2004 |
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Date of Incorporation : |
29.10.1996 |
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Com. Reg. No.: |
0205536004199
[Former: CHOR. BOR. 3431] |
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Legal Form : |
Private Limited
Company |
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Line of Business : |
Engaged in
importing and distributing over 50 international brands of wine,
champagne and spirit. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company Name
AUSTRO THAI
CONSULTANT CO., LTD.
SUMMARY
BUSINESS ADDRESS : 206/36 MOO 9, T. NONGPRUE,
BANGLAMUNG
DISTRIC, CHONBURI 20260
TELEPHONE : [66] 38 716-661
FAX : [66]
38 716-622
E-MAIL ADDRESS : austrothai@hotmail.com
REGISTRATION ADDRESS : SAME AS BUSINESS ADDRESS
ESTABLISHED : 1993
REGISTRATION NO.
: 0205536004199 [Former: CHOR. BOR. 3431]
CAPITAL REGISTERED : BHT. 2,000,000
CAPITAL PAID-UP
: BHT. 2,000,000
FISCAL YEAR CLOSING
DATE : DECEMBER 31
LEGAL STATUS : PRIVATE LIMITED
COMPANY
EXECUTIVE : MR. ROBERT FLEISCHMANN, AUSTRIAN
MANAGING
DIRECTOR
NO. OF
STAFF : 16
LINES OF
BUSINESS : WINES AND SPIRITS
IMPORTER
AND DISTRIBUTOR
CORPORATE PROFILE
OPERATING TREND : STABLE
PRESENT SITUATION : OPERATING NORMALLY
REPUTATION : GOOD WITH NORMAL BUSINESS
ENGAGEMENT
MANAGEMENT STANDARD : MANAGEMENT WITH
FAIR PERFORMANCE
HISTORY
The
subject was established
on October 29,
1996 as a
private limited company under the name style
AUSTRO THAI CONSULTANT
CO., LTD., by Austrian
groups, in order
to import and
distribute various brands
of wine and
spirit to domestic
market. It currently
employs 16 staff.
The
subject’s registered address
is 206/36 Moo 9,
T. Nongprue, Banglamung
District, Chonburi 20260,
and this is
the subject’s current
operation address.
THE BOARD OF DIRECTOR
Mr. Robert
Fleischmann
AUTHORIZED PERSON
The above
director signs on
behalf of the
subject with company’s
affixed.
MANAGEMENT
Mr.
Robert Fleischmann
is the Managing Director.
He is
Austrian nationality with
the age of
41 years old.
BUSINESS OPERATIONS
The subject
is engaged in
importing and distributing over 50 international brands of wine,
champagne and spirit.
MAJOR BRANDS
-
CHABLIS from France
-
RIOJA from Spain
- etc.
IMPORT
100% of
its products is imported from Spain,
Australia, United Kingdom, France, Netherlands, Germany, Austria, Argentina,
Chile, South Africa,
Norway and etc.
SALES [LOCAL]
Its
products are sold
locally by wholesale
to dealers and
end-users such as
pub & restaurant, supermarket, liquor store and
etc.
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 or on
the credit term
of 30 days.
Imports
are by L/C at sight
or T/T on negotiated term.
BANKING
Kasikornbank Public Co.,
Ltd.
[Pattaya Tai Branch : 20/188 Moo 10, Nongprue, Banglamung,
Chonburi]
EMPLOYMENT
The
subject employs 16
staff [office and sales staff].
LOCATION DETAILS
The
premise is rented
for administrative office
and showroom in a 3
storey building, of 1
row shop house at the heading
address. Premise is
located in rural area.
COMMENT
Strong consumption prospects of wine and
spirit in local market are steady. Thai consumers consume a lot of wine, liquor
and spirit each year as well as were found that wine from French and whisky
from Scotland have been the most favorite for Thai people. However, French wines
are normally cost higher than
those from other countries.
The subject’s operating results is stable.
FINANCIAL INFORMATION
The
capital was initially
registered at Bht.
1,000,000 divided into 10,000
shares of Bht.
100 each.
On
January 7, 1994,
the capital was
increased to Bht.
2,000,000 divided into
20,000 shares of Bht.
100 each with
fully paid.
THE SHAREHOLDERS LISTED WERE
[ as at September
25, 2006]
|
NAME |
HOLDING |
% |
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Mr.
Robert Fleischmann Nationality:
Austrian Address : 206/36 Moo 9, Nongprue, Banglamung, Chonburi Province |
8,800 |
44.00 |
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Ms. Christina Fleischmann Nationality:
Austrian Address : 206/38 Moo 9, Nongprue, Banglamung, Chonburi Province |
5,000 |
25.00 |
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Ms. Sabrina Fleischmann Nationality:
Austrian Address : 206/36 Moo 9, Nongprue, Banglamung, Chonburi Province |
5,000 |
25.00 |
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Mrs. Darine Fleischmann Nationality:
Austrian Address : Austria |
500 |
2.50 |
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Mr.
Urwin Fleischmann Nationality:
Austrian Address : Austria |
500 |
2.50 |
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Mrs.
Salila Anprakone Nationality:
Thai Address : 206/36 Moo 9, Nongprue, Banglamung, Chonburi Province |
100 |
0.50 |
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Mr. Boonmee Anprakone Nationality:
Thai Address : 124
Moo 2, Kokma,
Prakonechai, Buriram |
100 |
0.50 |
Total
Shareholders : 7
NAME OF AUDITOR &
CERTIFIED PUBLIC ACCOUNTANT
NO.
Ms.
Jurai Ratana-opas No.
0250
BALANCE SHEET [BAHT]
The 2005, financial statement
was not available
during investigation.
The
latest financial figures
published for December
31, 2004 &
2003 were:
ASSETS
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Current Assets |
2004 |
2003 |
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Cash in
hand |
144,069.13 |
228,874.61 |
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Inventories |
732,473.55 |
463,434.67 |
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Receivable Loan
to Director &
Employees |
4,900,000.00 |
2,800,000.00 |
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Other Current
Assets |
122,500.00 |
70,000.00 |
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Total
Current Assets |
5,899,042.68 |
3,562,309.28 |
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Fixed
Assets |
1,696,146.98 |
2,072,311.76 |
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Total
Assets |
7,595,189.66 |
5,634,621.04 |
LIABILITIES & SHAREHOLDERS'
EQUITY [BAHT]
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Current Liabilities |
2004 |
2003 |
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Accrued Expenses |
991,550.00 |
5,000.00 |
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Payable-Revenue Department |
271,222.25 |
123,633.22 |
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Accrued Income
Tax |
86,508.08 |
7,431.60 |
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Overdraft |
1,338,208.30 |
1,338,208.30 |
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Other Current
Liabilities |
24,088.65 |
4,694.72 |
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Total Current Liabilities |
2,711,577.28 |
1,478,967.84 |
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Total
Liabilities |
2,711,577.28 |
1,478,967.84 |
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Shareholders' Equity |
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Share
capital : Baht 100 par
value authorized, issued and fully
paid
share capital 20,000
shares |
2,000,000.00 |
2,000,000.00 |
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Capital Paid |
2,000,000.00 |
2,000,000.00 |
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Retained Earning - Unappropriated |
2,883,612.38 |
2,155,653.20 |
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Total Shareholders' Equity |
4,883,612.38 |
4,155,653.20 |
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Total Liabilities &
Shareholders' Equity |
7,595,189.66 |
5,634,621.04 |
PROFIT & LOSS ACCOUNT
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Revenue |
2004 |
2003 |
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Sales |
22,979,429.89 |
11,625,203.82 |
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Other Income |
122,500.00 |
70,000.00 |
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Total
Revenues |
23,101,929.89 |
11,695,203.82 |
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Expenses |
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Cost of
Goods Sold
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12,774,643.54 |
4,875,760.94 |
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Selling &
Administrative Expenses |
9,470,239.09 |
6,371,712.51 |
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Total Expenses
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22,244,882.63 |
11,247,473.45 |
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Profit
/ [Loss] from Operation |
857,047.26 |
447,730.37 |
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Interest Expenses |
- |
[118,094.19] |
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Income Tax |
[129,088.08] |
[65,927.24] |
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Net
Profit / [Loss] |
727,959.18 |
263,708.94 |
FINANCIAL ANALYSIS
Annual Growth & Profitability
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Annual
Growth |
2004 |
2003 |
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Sales |
97.67 |
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Operating |
[3.16] |
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Net Profit |
176.05 |
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Fixed Assets |
[18.15] |
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Total Assets |
34.80 |
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Profitability |
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Cost of
Goods Sold |
55.59 |
41.94 |
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Operating Profit
Margin |
3.73 |
3.85 |
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S&A expenses |
41.21 |
54.81 |
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Interest |
0.00 |
1.02 |
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Other Revenues |
0.53 |
0.60 |
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Net Profit
Margin |
3.17 |
2.27 |
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Earning Per
Shares |
36.40 |
13.19 |
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No. of
Shares |
20,000 |
20,000 |
Net Sales was
increased by 97.67%,
Operating Profit was
decreased by 3.16%,
Net Profit was
increased by 176.05%,
Fixed Assets was
decreased by 18.15%,
Total Assets was
increased by 34.80%.
Compare each cost
with sales, Cost
of Goods Sold
was increased from
41.94% to 55.59%,
Operating Profit Margin
was decreased from
3.85% to 3.73%,
S & A
Expenses were decreased
from 54.81% to
41.21%, Interest Paid
was decreased from
1.02% to 0.00%,
Other Revenues was
decreased from 0.60%
to 0.53%, Net
Profit Margin was
increased from 2.27%
to 3.17%.
Earning Per
Shares was increased from 13.19 baht
per share to
36.40 baht per
share.
Liquidity
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Liquidity |
2004 |
2003 |
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Current Ratio |
2.18 |
2.41 |
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Quick
- assets ratio |
1.86 |
2.05 |
Current Ratio
was decreased from
2.41 to 2.18,
show Current Assets
can cover Current
Liabilities, Liquidity Ratio
of the company was good,
and Quick-assets Ratio
was decreased from
2.05 to 1.86,
capacity to pay
Short Term Loan
was good too,
because Current Assets
without Inventory can
cover Current Liabilities.
Leverage
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Leverage |
2004 |
2003 |
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D/E Ratio |
0.56 |
0.36 |
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Times Interest
Earned |
- |
3.79 |
D/E Ratio was
increased from 0.36
to 0.56, show
the company had
fund from Equity
more than fund
from Loan, investment
risked of the
company is low
and Times Interest
Earned was 3.79,
capacity to pay
interest paid was
good.
Efficiency
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Efficiency |
2004 |
2003 |
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Fixed Assets
Turnover |
13.55 |
5.61 |
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Total Assets
Turnover |
3.03 |
2.06 |
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Return on
Assets |
9.58 |
4.68 |
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Return on
Equity |
14.91 |
6.35 |
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Day’s Inventories |
11.48 |
14.35 |
Fixed Assets Turnover
was increased from
5.61 times to
13.55 times, Total
Assets Turnover was
increased from 2.06
times to 3.03
times, show the
company could use
Assets so efficiently, and Return on
Assets was increased
from 4.68 to
9.58, Return on
Equity was increased
from 6.35 to
14.91, capacity to
use Assets to make profit
was good.
Day’s Inventories
was decreased from
15 days to
12 days.
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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