MIRA
INFORM REPORT
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Report Date : |
05.06.2007 |
IDENTIFICATION DETAILS
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Name : |
SAI PHARMA CO., LTD. |
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Registered Office : |
402, 404
Soi Yaek Sitipoj,
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Country : |
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Date of Incorporation : |
2006 |
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Com. Reg. No.: |
0105549144483 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importing and distributing wide
range of industrial
chemicals |
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 : |
Small Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
name
SAI PHARMA CO., LTD.
SUMMARY
BUSINESS ADDRESS : 402, 404 SOI
YAEK SITIPOJ,
SUANLUANG,
TELEPHONE : [66] 2740-3722-6
FAX : [66] 2740-3726
REGISTRATION ADDRESS : SAME
AS BUSINESS ADDRESS
ESTABLISHED : 2006
REGISTRATION NO. : 0105549144483
CAPITAL
REGISTERED : BHT.
1,000,000
CAPITAL
PAID-UP : BHT. 250,000
FISCAL
YEAR CLOSING DATE : -
LEGAL STATUS : PRIVATE LIMITED
COMPANY
EXECUTIVE : MR. SIVA KUMAR
SINGH, THAI
MANAGING
DIRECTOR
NO. OF
STAFF : 4
LINES OF
BUSINESS : INDUSTRIAL CHEMICAL
IMPORTER AND
DISTRIBUTOR
CORPORATE PROFILE
OPERATING TREND : EARLY
STAGE
PRESENT SITUATION : OPERATING NORMALLY
REPUTATION : -
MANAGEMENT STANDARD : -
HISTORY
The
subject was established
on December 14,
2006 as a
private limited company under
the name style
SAI PHARMA CO.,
LTD., by Thai-Indian
groups, in order to
distribute and supply
wide range of
industrial chemicals to
domestic market. It
currently employs 4
staff.
The
subject’s registered address
is 402, 404 Soi
Yaek Siripoj, Sukhumvit
Rd., Suanluang, Bangkok
10260, and this
is the subject’s
current operation address.
THE BOARD
OF DIRECTOR
Mr. Siva Kumar Singh
AUTHORIZED PERSON
The above director
can sign on
behalf of the
subject with company’s
affixed.
MANAGEMENT
Mr. Siva Kumar
Singh is the Managing Director.
He is Thai
nationality with the
age of 35
years old.
BUSINESS OPERATIONS
The subject is
engaged in importing
and distributing wide
range of industrial
chemicals for
pharmaceutical, cosmetic industries
and etc.
PURCHASE
The products are
purchased from both
domestic and overseas
suppliers mainly from
India and Germany.
SALES
100% of the
products is sold
locally to dealers,
manufacturers 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 or on
the credits term
of 30-60 days.
Local bills are
paid by cash
or on the
credits term of
30-60 days.
Imports are by
L/C at sight
or T/T.
BANKING
The Siam
Commercial Bank Public
Co., Ltd.
[Klongtoey Branch, 3388/5-6
Sirinrat Bldg., Rama
4 Rd., Klongtoey,
EMPLOYMENT
The
subject employs 4
staff.
LOCATION DETAILS
The
premise is rented
for administrative office
at the heading
address. Premise is
located in commercial/residential area.
COMMENT
The
subject is newly
established company during
the economic slowdown,
however some industries
remain strong like
pharmaceutical. The subject’s
business trend is
potential.
FINANCIAL INFORMATION
The
capital was registered
at Bht. 1,000,000
divided into 10,000
shares of Bht.
100 each with
25% paid up.
THE SHAREHOLDERS
LISTED WERE : [as at
November 3,
2006]
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NAME |
HOLDING |
% |
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Mr. Siva Kumar
Singh Nationality: Thai Address : |
9,994 |
99.94 |
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Mr.
Apichart Singh Nationality: Thai Address : |
1 |
0.01 |
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Mr. Dines Kumar
Zahi Nationality: Thai Address : |
1 |
0.01 |
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Mr.
Rammontri Yitmisir Nationality: Thai Address : |
1 |
0.01 |
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Ms.
Kamolrat Aswasakulkiat Nationality: Thai Address : |
1 |
0.01 |
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Ms.
Napassawan Kanpai Nationality: Thai Address : 82/24
Moo 8, Sampran, Nakornpathom |
1 |
0.01 |
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Ms. Nath Ratchadavilairat Nationality: Thai Address : 998/373
Prachauthit 79 Rd.,
Thungkru, |
1 |
0.01 |
Total Shareholders
7
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%)