MIRA
INFORM REPORT
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Report Date : |
31.05.2007 |
IDENTIFICATION DETAILS
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Name : |
PAT-PRO OVERSEAS CO., LTD. |
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Registered Office : |
74
Moo 12, T. Omnoi,
A. Krathumban, |
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Country : |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
2000 |
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Com. Reg. No.: |
0745543001715 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Engaged in commission
agent from both
raw material and
finished goods of
agricultural products. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
name
PAT-PRO OVERSEAS CO., LTD.
SUMMARY
BUSINESS ADDRESS : 74
MOO 12, T. OMNOI,
A. KRATHUMBAN,
TELEPHONE : [66] 2811-0071-4
FAX : [66] 2811-0075
E-MAIL ADDRESS : export@pat-proexport.com, patamawa@ksc.th.com
REGISTRATION ADDRESS : SAME
AS BUSINESS ADDRESS
ESTABLISHED : 2000
REGISTRATION NO. : 0745543001715
CAPITAL
REGISTERED : BHT.
5,000,000
CAPITAL
PAID-UP : BHT.
5,000,000
FISCAL
YEAR CLOSING DATE : DECEMBER 31
LEGAL STATUS : PRIVATE LIMITED
COMPANY
EXECUTIVE : MS.
PATTAMA ULAPATHORN, THAI
MANAGING DIRECTOR
NO. OF
STAFF : 5
LINES OF
BUSINESS : AGRICULTURAL PRODUCTS
BROKER
CORPORATE PROFILE
OPERATING TREND : STABLE
PRESENT SITUATION : OPERATING NORMALLY
REPUTATION : GOOD
WITH
MANAGEMENT STANDARD : MANAGEMENT WITH
FAIR PERFORMANCE
HISTORY
The
subject was established
on July 28,
2000 as a
private limited company under
the name style
PAT-PRO OVERSEAS CO.,
LTD., by Thai
groups, with the business
objective to engage
in commission agent
for agricultural products
business. It currently
employs 5 staff.
The
subject’s registered address
is 74 Moo
12, T. Omnoi, A. Krathumban, Samutsakorn
74000, and this
is the subject’s
current operation address.
THE BOARD
OF DIRECTOR
Ms. Pattama Ulpathorn
AUTHORIZED PERSON
The above director
can sign on
behalf of the
subject with company’s
affixed.
MANAGEMENT
Ms. Pattama Ulpathorn is the Managing Director.
She is Thai
nationality with the
age of 34
years old.
BUSINESS OPERATIONS
The subject is
engaged in commission
agent from both
raw material and
finished goods of
agricultural products, by
preparing a purchasing contact
between local manufacturers
and customers in
overseas. Most customers
are from countries
in Asia 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
according to IRICO’S
DATABASE for the
past two years.
CREDIT
Services are by
cash and cashier
cheque.
Local bills are
paid by cash
and on the
credit terms of
30-60 days.
BANKING
Export-Import Bank
of Thailand
[Rama II Branch,
EMPLOYMENT
The
subject employs 5
staff.
LOCATION DETAILS
The
premise is rented
for administrative office
at the heading
address. Premise is
located in provincial.
REMARK
CREDIT
OF US$ 15,000,000 IS
NOT RECOMMENDED.
COMMENT
Slow
sales and inactive
business are doubtful
to the subject’s
ability in commercial
commitment, therefore the
credit requested is
not recommended.
FINANCIAL INFORMATION
The
capital was registered
at Bht. 1,000,000
divided into 1,000
shares of Bht. 1,000
each.
On
January 31, 2005,
the capital was increased to
Bht. 5,000,000 divided into
5,000 shares of
Bht. 1,000 each
with fully paid.
THE SHAREHOLDERS
LISTED WERE : [as at
April 30,
2006]
|
NAME |
HOLDING |
% |
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Mr. Uthai Luang-hirun Nationality: Thai Address : 74/225
Moo 13, Omnoi,
Krathumban, Samutsakorn |
750 |
15.00 |
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Ms. Pattama Ulpathorn Nationality: Thai Address : 17/1
Moo 13, Omnoi,
Krathumban, Samutsakorn |
750 |
15.00 |
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Ms. Pornchanok Yimpibul Nationality: Thai Address : 11/33
Moo 2, Nongkangplu, Nongkaem,
|
750 |
15.00 |
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Mr. Kalong Chairat Nationality: Thai Address : 11/33
Moo 2, Nongkangplu, Nongkaem,
|
750 |
15.00 |
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Mr.
Wuthichai Jampahom Nationality: Thai Address : 74/225
Moo 13, Omnoi, Krathumban,
Samutsakorn |
750 |
15.00 |
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Ms. Wanphen Saengduen Nationality: Thai Address : 11/33
Moo 2, Nongkangplu, Nongkaem,
|
750 |
15.00 |
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Mr. Banyong Saensuk Nationality: Thai Address : 93
Moo 13, Omnoi,
Krathumban, Samutsakorn |
500 |
10.00 |
Total Shareholders
7
NAME OF
AUDITOR & CERTIFIED
PUBLIC
ACCOUNTANT NO.
Mrs. Piyawadee
Chaladkijsirikul No. 6808
BALANCE SHEET [BAHT]
The
latest financial figures
published for December
31, 2005 &
2004 were:
ASSETS
|
Current Assets |
2005 |
2004 |
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Cash in hand
& at Bank
|
73,493.50 |
1,125,408.25 |
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Deferred Interest |
66,000.00 |
- |
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Loan to Related
Person |
4,800,000.00 |
- |
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Total Current
Assets |
4,939,493.50 |
1,125,408.25 |
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Fixed Assets |
75,126.74 |
107,654.58 |
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Total Assets
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5,014,620.24 |
1,233,062.83 |
LIABILITIES &
SHAREHOLDERS' EQUITY [BAHT]
|
Current Liabilities |
2005 |
2004 |
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Other Payable |
1,747.26 |
66,465.34 |
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Accrued Expenses |
15,608.00 |
6,938.90 |
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Accrued Income Tax |
- |
134,998.88 |
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Total Current
Liabilities |
17,355.26 |
208,403.12 |
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Total Liabilities |
17,355.26 |
208,403.12 |
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Shareholders'
Equity |
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Share capital : Baht 1,000
par value authorized, issued
and fully paid share
capital 5,000 & 1,000 shares
in 2005 & 2004 |
5,000,000.00 |
1,000,000.00 |
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Capital Paid |
5,000,000.00 |
250,000.00 |
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Retained Earning -
Unappropriated |
[2,735.02] |
774,659.71 |
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Total
Shareholders' Equity |
4,997,264.98 |
1,024,659.71 |
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Total
Liabilities & Shareholders' Equity |
5,014,620.24 |
1,233,062.83 |
PROFIT &
LOSS ACCOUNT
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Revenue |
2005 |
2004 |
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Sales & Service
|
108,201.65 |
949,504.92 |
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Interest & Other
Income |
66,003.21 |
2.00 |
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Total Revenues
|
174,204.86 |
949,506.92 |
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Expenses |
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Selling & Administrative Expenses |
951,599.59 |
49,724.18 |
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Total Expenses |
951,599.59 |
49,724.18 |
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Profit / [Loss] Before Income
Tax |
[777,394.73] |
899,782.74 |
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Income Tax |
- |
[134,998.88] |
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Net Profit / [Loss] |
[777,394.73] |
764,783.86 |
FINANCIAL ANALYSIS
Annual Growth
& Profitability
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Annual Growth |
2005 |
2004 |
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Net Sales |
[88.60] |
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Operating Profit |
[858.17] |
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Net Profit |
[201.65] |
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Fixed Assets |
[30.22] |
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Total Assets |
306.68 |
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Profitability |
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Operating Profit Margin |
[718.47] |
94.76 |
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S & A
Expenses |
879.47 |
5.24 |
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Other Revenues |
61.00 |
0.00 |
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Net Profit Margin |
[718.47] |
80.55 |
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Earning Per Shares |
[155.48] |
3,059.14 |
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No. of Shares |
5,000 |
250 |
Net Sales was decreased by 88.60%, Operating Profit was decreased by 858.17%, Net Profit was decreased by 201.65%, Fixed Assets was decreased by 30.22%, Total Assets was increased by 306.68%.
Compare each cost
with sales, Operating
Profit Margin was
decreased from 94.76%
to -718.47%, S
& A Expenses
was increased from
5.24% to 879.47%,
Other Revenues was
increased from 0.00%
to 61.00%, Net
Profit Margin was
decreased from 80.55%
to -718.47%.
Earning Per Shares
was decreased from
3,059.14 baht per
share to -155.48
baht per share.
Liquidity
|
Liquidity |
2005 |
2004 |
|
Current Ratio |
284.61 |
5.40 |
|
Quick-Assets Ratio |
284.61 |
5.40 |
Current Ratio was
increased from 5.40
to 284.61, show
Current Assets can
cover Current Liabilities,
Liquidity Ratio of
the company was
good, Quick-Assets Ratio
was increased from
5.40 to 284.61,
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 |
0.20 |
D/E Ratio was
decreased from 0.20
to 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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Fixed Assets Turnover |
1.44 |
8.82 |
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Total Assets Turnover |
0.02 |
0.77 |
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Return on Assets |
[15.50] |
62.02 |
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Return on Equity |
[15.56] |
74.64 |
Fixed Assets Turnover
was decreased from
8.82 times to
1.44 times, Total
Assets Turnover was
decreased from 0.77
times to 0.02
times, show the
company could not
use Assets so
efficiently, Return on
Assets was decreased
from 62.02 to
-15.50, Return on
Equity was decreased
from 74.64 to
-15.56, capacity to
use Assets to
make profit was
not 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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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%)