MIRA
INFORM REPORT
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Report Date : |
20.06.2007 |
IDENTIFICATION DETAILS
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Name : |
DOME INTERNATIONAL CO., LTD. |
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Registered Office : |
111/426
Moo 11, Soi
Raewadee, |
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Country : |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
1999
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Com. Reg. No.: |
0105542073777 |
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Legal Form : |
Private Limited Company
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Line of Business : |
Importing, distributing and
re-exporting plastic films
for foods and
consumer products industries. |
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 |
name
DOME INTERNATIONAL CO., LTD.
SUMMARY
BUSINESS ADDRESS : 111/426 MOO
11, SOI RAEWADEE,
TELEPHONE : [66] 2969-6672
FAX : [66] 2969-5856
REGISTRATION ADDRESS : SAME
AS BUSINESS ADDRESS
ESTABLISHED : 1999
REGISTRATION NO. : 0105542073777 [Former : [1]
699/2542]
CAPITAL
REGISTERED : BHT.
1,000,000
CAPITAL
PAID-UP : BHT.
1,000,000
FISCAL
YEAR CLOSING DATE : DECEMBER 31
LEGAL STATUS : PRIVATE LIMITED
COMPANY
EXECUTIVE : MR.
SUCHART SUTHEEJITSIRI, THAI
MANAGING DIRECTOR
NO. OF
STAFF : 7
LINES OF
BUSINESS : PLASTIC FILMS
IMPORTER AND
DISTRIBUTOR
CORPORATE PROFILE
OPERATING TREND : STABLE
PRESENT SITUATION : OPERATING NORMALLY
REPUTATION : GOOD
WITH
MANAGEMENT STANDARD : MANAGEMENT WITH
FAIR PERFORMANCE
HISTORY
The subject was
established on September
27, 1999 as
a private limited
company under the name
style DOME INTERNATIONAL
CO., LTD., by
Thai Groups, with
the business objective
to import and
distribute plastic film
for foods and
consumer products. It
currently employs 7
staff.
The subject’s registered
address is 111/426
Moo 11, Tivanont
Rd., Taladkwan, Muang,
Nonthaburi 11000, and
this is the
company’s current operation
address.
THE BOARD
OF DIRECTOR
Mr. Suchart Sutheejitsiri
AUTHORIZED PERSON
The above director signs
on behalf of
the subject with
company’s affixed.
MANAGEMENT
Mr. Suchart Sutheejitsiri is
the Managing Director.
He is Thai
nationality with the
age of 39
years old.
BUSINESS OPERATIONS
The subject is
engaged in importing,
distributing and re-exporting
plastic films for
foods and consumer
products industries.
IMPORT [COUNTRIES]
Most of its
products are imported
from Malaysia, Philippines, Singapore,
Taiwan, Japan and
United States of America.
MAJOR SUPPLIERS
Goulene Plastic Film
Sdn. Bhd.. :
SALES [LOCAL]
100% of its
products is sold
locally to manufacturers and
wholesalers.
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 bill are
paid by cash
or on the
credits term of
30-60 days.
Imports are by
L/C at sight
or T/T on
negotiated term.
BANKING
The Siam
Commercial Bank Public Co., Ltd.
[Head Office :
EMPLOYMENT
The subject employs
7 staff. [office
and sales staff]
LOCATION DETAILS
The premise is
owned for operating
office in a
3 storey building
of 1 row
shop house at the
heading address in
residential area.
COMMENT
The company performed
well during the
past years with its
sale revenue was
risen significantly. However,
slow consumption have
seen in line
with economic slowdown,
therefore, its business
trend would have
slow growth.
FINANCIAL INFORMATION
The capital was
registered at Bht.
1,000,000 divided into
10,000 shares of
Bht. 100 each
with fully paid.
THE SHAREHOLDERS
LISTED WERE : [as
at
December 14,
2001]
|
NAME |
HOLDING |
% |
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Mr. Suchart
Sutheejitsiri Nationality: Thai Address : 111/426
Moo 11, Taladkwan,
Muang, Nonthaburi |
5,997 |
59.97 |
|
Ms. Kee
Saelee Nationality: Thai Address : |
2,999 |
29.99 |
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Mrs. Yupin Sutheejitsiri Nationality: Thai Address : 111/426
Moo 11, Taladkwan,
Muang, Nonthaburi |
1,000 |
10.00 |
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Mrs. Nual-anong Sutheejitsiri Nationality: Thai Address : |
1 |
0.01 |
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Mr. Chairat
Sutheejitsiri Nationality: Thai Address : |
1 |
0.01 |
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Mr. Paluek
Sutheejitsiri Nationality: Thai Address : |
1 |
0.01 |
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Ms. Watana
Sutheejitsiri Nationality: Thai Address : 18/9
Moo 7, |
1 |
0.01 |
Total Shareholders
7
NAME OF
AUDITOR & CERTIFIED
PUBLIC
ACCOUNTANT NO.
Mr. Vichit Luechaiprasith No.
3563
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
|
569,935.91 |
849,452.16 |
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Trade Accts. Receivable |
3,358,659.66 |
3,908,495.48 |
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Other Current Assets
|
246,198.87 |
67,162.92 |
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Total Current
Assets |
4,174,794.44 |
4,825,110.56 |
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Fixed Assets |
691,567.20 |
783,196.64 |
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Other Assets |
- |
38,223.50 |
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Total Assets
|
4,866,361.64 |
5,646,530.70 |
LIABILITIES &
SHAREHOLDERS' EQUITY [BAHT]
|
Current Liabilities |
2005 |
2004 |
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Trade Accts. Payable |
810,306.51 |
- |
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Short-term Loan from Director |
2,200,000.00 |
3,780,000.00 |
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Other Current Liabilities |
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Current Portion of
Hire-purchase Payable |
162,648.00 |
162,648.00 |
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Other |
165,519.07 |
178,756.89 |
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Total Current
Liabilities |
3,338,473.58 |
4,121,404.89 |
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Hire-purchase Payable Net of
Current Portion |
135,540.00 |
298,188.00 |
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Total Liabilities |
3,474,013.58 |
4,419,592.89 |
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Shareholders'
Equity |
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Share capital : Baht 100
par value authorized, issued
and fully paid share
capital 10,000 shares |
1,000,000.00 |
1,000,000.00 |
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Capital Paid |
1,000,000.00 |
1,000,000.00 |
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Retained Earning -
Unappropriated |
392,348.06 |
226,937.81 |
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Total
Shareholders' Equity |
1,392,348.06 |
1,226,937.81 |
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Total
Liabilities & Shareholders' Equity |
4,866,361.64 |
5,646,530.70 |
PROFIT &
LOSS ACCOUNT
|
Revenue |
2005 |
2004 |
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Sales |
28,954,549.97 |
37,904,695.04 |
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Other Income |
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Commission Income |
748,582.20 |
298,212.94 |
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Other |
83,229.92 |
64,533.41 |
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Total Revenues
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29,786,362.09 |
38,267,441.39 |
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Expenses |
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Cost of Goods
Sold |
27,156,713.08 |
35,900,220.73 |
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Selling & Administrative Expenses |
2,341,426.96 |
2,017,138.83 |
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Total Expenses |
29,498,140.04 |
37,917,359.56 |
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Profit / [Loss] Before Interest
Expenses & Income Tax |
288,222.05 |
350,081.83 |
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Interest Expenses |
[90,277.99] |
[77,706.19] |
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Income Tax |
[32,533.81] |
[43,697.19] |
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Net Profit / [Loss] |
165,410.25 |
228,678.45 |
FINANCIAL ANALYSIS
Annual Growth
& Profitability
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Annual Growth |
2005 |
2004 |
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Net Sales |
[23.61] |
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Operating Profit |
7.78 |
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Net Profit |
[27.67] |
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Fixed Assets |
[11.70] |
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Total Assets |
[13.82] |
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Profitability |
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Cost of Good
Sold |
93.79 |
94.71 |
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Operating Profit Margin |
1.00 |
0.92 |
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S & A
Expenses |
8.09 |
5.32 |
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Interest Paid |
0.31 |
0.21 |
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Other Revenues |
2.87 |
0.96 |
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Net Profit Margin |
0.57 |
0.60 |
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Earning Per Shares |
16.54 |
22.87 |
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No. of Shares |
10,000 |
10,000 |
Net Sales was
decreased by 23.61%,
Operating Profit was
increased by 7.78%,
Net Profit was
decreased by 27.67%,
Fixed Assets was
decreased by 11.70%,
Total Assets was
decreased by 13.82%.
Compare each cost
with sales, Cost of
Good Sold was
decreased from 94.71%
to 93.79%, Operating
Profit Margin was
increased from 0.92%
to 1.00%, S
& A Expenses
was increased from
5.32% to 8.09%,
Interest Paid was increased
from 0.21% to
0.31%, Other Revenues
was increased from
0.96% to 2.87%,
Net Profit Margin
was decreased from
0.60% to 0.57%.
Earning Per Shares
was decreased from
22.87 baht per
share to 16.54
baht per share.
Liquidity
|
Liquidity |
2005 |
2004 |
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Current Ratio |
1.25 |
1.17 |
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Quick-Assets Ratio |
1.18 |
1.15 |
Current Ratio was
increased from 1.17
to 1.25, show
Current Assets can
cover Current Liabilities,
Liquidity Ratio of
the company was
good, Quick-Assets Ratio
was increased from
1.15 to 1.18,
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 |
2.50 |
3.60 |
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Times Interest Earned |
3.19 |
4.51 |
D/E Ratio was
decreased from 3.60
to 2.50, show
the company had
fund from Loan
more than fund
from Equity, investment
risked of the
company is medium,
Times Interest Earned
was decreased from
4.51 to 3.19,
capacity to pay
interest paid was
good.
Efficiency
|
Efficiency |
2005 |
2004 |
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Fixed Assets Turnover |
41.87 |
48.40 |
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Total Assets Turnover |
5.95 |
6.71 |
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Return on Assets |
3.40 |
4.05 |
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Return on Equity |
11.88 |
18.64 |
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Day's Payable |
10.07 |
0.00 |
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Day’s Receivables |
41.76 |
37.12 |
Fixed Assets Turnover
was decreased from
48.40 times to
41.87 times, Total
Assets Turnover was
decreased from 6.71
times to 5.95
times, show the
company could not
use Assets so
efficiently, Return on
Assets was decreased
from 4.05 to
3.40, Return on
Equity was decreased
from 18.64 to
11.88, capacity to
use Assets to
make profit was
good.
Day's Payable was
increased from 0
days to 11
days, and Day’s
Receivables was increased
from 38 days
to 42 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 |
|
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 |
|
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 |
|
<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%)