MIRA
INFORM REPORT
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Report Date : |
13.07.2007 |
IDENTIFICATION DETAILS
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Name : |
BSIRI BUSINESS LIMITED PARTNERSHIP |
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Registered Office : |
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Country : |
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Date of Incorporation : |
2006 |
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Com. Reg. No.: |
0503549005020 |
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Legal Form : |
Limited Partnership |
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Line of Business : |
Manufacturing and exporting
wide range of
handicraft wooden ware
products |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
name
BSIRI BUSINESS LIMITED PARTNERSHIP
SUMMARY
BUSINESS ADDRESS :
TELEPHONE : [66] 53
584-423
FAX : [66] 53
584-423
E-MAIL ADDRESS : info@bsiri.biz
REGISTRATION ADDRESS : SAME
AS BUSINESS ADDRESS
ESTABLISHED : 2006
REGISTRATION NO. : 0503549005020
CAPITAL
REGISTERED : BHT.
200,000
CAPITAL
PAID-UP : BHT.
200,000
FISCAL
YEAR CLOSING DATE : -
LEGAL STATUS : LIMITED PARTNERSHIP
EXECUTIVE : MR. SIRICHAI SRIMAHATTACHAI, THAI
MANAGING PARTNER
NO. OF
STAFF : 205
LINES OF
BUSINESS : HANDICRAFT WOODWARE
PRODUCTS
MANUFACTURER AND
EXPORTER
CORPORATE PROFILE
OPERATING TREND : EARLY
STAGE
PRESENT SITUATION : OPERATING NORMALLY
REPUTATION : -
MANAGEMENT STANDARD : -
HISTORY
The
subject was established
on September 8,
2006 as a
limited partnership, under
the registered name
BSIRI BUSINESS LIMITED
PARTNERSHIP, by Mr. Sirichai
and Mr. Chayant Srimahattachai, the
Thai partners, with
the business objective
to manufacture wide
range of handicraft
wood ware products
for exports. It
currently employs 205
staff.
The
subject’s registered address
is 150/138 Chiangmai-Hod
Rd., Hangdong, Chaingmai
50230, and this
is the subject’s
current operation address.
AUTHORIZED PERSON
Mr. Sirichai Srimahattachai can
sign on behalf
of the subject
with seal affixed. He
also bears full
financial responsibility by
law.
MANAGEMENT
Mr. Sirichai Srimahattachai is
the Managing Partner.
He is Thai
nationality with the
age of 28
years old.
BUSINESS OPERATIONS
The subject is
engaged in manufacturing
and exporting wide
range of handicraft
wooden ware products,
consists of wooden
game, wooden toys,
kitchenware, house ware and
etc., according to
customer’s requirement.
PURCHASE
Most of raw
materials, mainly mango
wood, monkey wood,
teak wood, bamboo,
rattan, pine wood,
and sugar palm
wood, as well
as accessories are purchased
from local suppliers,
and the remaining
is imported from
Myanmar.
EXPORT
100%
of the products
is exported to
United States of
America, United Kingdom,
Hong
Kong and
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
Local bills are
paid by cash
or on the
credits term of
30-60 days.
Imports are by
T/T.
Exports are against
T/T.
BANKING
The Siam Commercial
Bank Public Co.,
Ltd.
EMPLOYMENT
The
subject employs 205
staff, consists of
5 office staff
and 200 workers.
LOCATION DETAILS
The
premise is rented
for administrative office
at the heading
address. Premise is
located in rural
area.
Factory
is located at
T. Sansai, A.
Sansai, Chiangmai province.
COMMENT
Thai
handicraft especially wooden
ware products are
well known in
world market due
to its high
quality, design and
low price.
The
subject has strong
potential in its
business.
FINANCIAL INFORMATION
The
capital was registered
at Bht. 200,000
which was carried
by 2 persons
as followed:
Name Age Amount
Mr. Sirichai
Srimahattachai [28] Bht.
100,000 [unlimited partner]
Mr. Chayant
Srimahattachai [63] Bht. 100,000
NOTE
The 2006 financial
statement has not
yet available during this
current investigation.
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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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%)