MIRA
INFORM REPORT
|
Report Date : |
27.06.2007 |
IDENTIFICATION DETAILS
|
Name : |
ANJU DIAM CO., LTD. |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2005 |
|
|
|
|
Date of Incorporation : |
2004 |
|
|
|
|
Com. Reg. No.: |
0105547144753 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Importing and distributing diamonds
and jewelry products. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
name
ANJU DIAM CO., LTD.
SUMMARY
BUSINESS ADDRESS :
BANGRAK,
TELEPHONE : [66] 2267-4646
FAX : [66] 2267-4646
REGISTRATION ADDRESS : ROOM
F, 33rd FLOOR,
SURIYAWONGSE, BANGRAK,
ESTABLISHED : 2004
REGISTRATION NO. : 0105547144753 [Former : 0108154719102]
CAPITAL
REGISTERED : BHT.
4,000,000
CAPITAL
PAID-UP : BHT.
4,000,000
FISCAL
YEAR CLOSING DATE : DECEMBER 31
LEGAL STATUS : PRIVATE LIMITED
COMPANY
EXECUTIVE : MR. SANJAY KOTHARI,
INDIAN
MANAGING DIRECTOR
NO. OF
STAFF : 2
LINES OF
BUSINESS : DIAMOND AND JEWELRY
BUSINESS
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 October 26,
2004 as a private limited
company under the name
style ANJU DIAM
CO., LTD., by
Thai and Indian
groups, to engage
in diamond and
jewelry trading business.
It currently employs
2 staff.
The
subject’s registered address
is 1249/208 Charoenkrung
Rd., Suriyawongse, Bangrak,
Bangkok 10500, while
the operation address
is located at
66 Mahaesak Rd.,
Suriyawongse, Bangrak, Bangkok
10500.
THE BOARD
OF DIRECTOR
Mr. Sanjay Kothari
AUTHORIZED PERSON
The above director
can sign on
behalf of the
subject with company’s
affixed.
MANAGEMENT
Mr. Sanjay Kothari
is the Managing
Director.
He is Indian
nationality.
BUSINESS OPERATION
The subject
is engaged in
importing and distributing
diamonds and jewelry
products.
IMPORT
100% of the
products is imported
from
SALES
The products is
sold locally by
wholesale to manufacturers, dealers
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
Local bill are
paid by cash
or on the
credits term of
30-60 days.
Imports are by
T/T.
BANKING
Bangkok Bank Public
Co., Ltd.
LOCATION DETAIL
Premise is rented
for operating office
at the above
address. Premise is
located in a prime
commercial area.
COMMENT
The
subject’s business was
fine. Its sales
had gradually improved
during 2005-2006. However,
slow consumption in
domestic market would
affect company’s sales
this year.
FINANCIAL INFORMATION
The
capital was registered
at Bht. 4,000,000
divided into 40,000
shares of Bht. 100
each with fully
paid.
THE SHAREHOLDERS
LISTED WERE : [as at
April 30,
2006]
|
NAME |
HOLDING |
% |
|
|
|
|
|
Mr. Sanjay Kothari Nationality: Indian Address : Bangrak, |
19,600 |
49.00 |
|
Ms.
Arpaporn Kaewchantuek Nationality: Thai Address : 285
Moo 2, Banhin,
Seekiw, Nakornratchasima |
3,400 |
8.50 |
|
Ms.
Supaporn Phutrakul Nationality: Thai Address : 1/16
Moo 4, Suanyai,
Muang, Nonthaburi |
3,400 |
8.50 |
|
Mrs. Kavee Laoburi Nationality: Thai Address : 39
Moo 9, Donngeon,
Chiangyuen, Mahasarakam |
3,400 |
8.50 |
|
Ms. Lawal Songsaensuk Nationality: Thai Address : 36/9
Moo 5, Jomthong,
|
3,400 |
8.50 |
|
Mr.
Thiradech Nopsuwan Nationality: Thai Address : 115
Moo 1, Korhong,
Hadyai, Songkhla |
3,400 |
8.50 |
|
Mr. Tharat Ratanavichai Nationality: Thai Address : 105/1
Moo 4, Nongwaeng,
Nongbuadaeng, Chaiyaphum |
3,400 |
8.50 |
Total Shareholders
7
NAME OF
AUDITOR & CERTIFIED
PUBLIC
ACCOUNTANT NO.
Ms. Wasana Tanmongkol No.
1888
BALANCE SHEET [BAHT]
The
latest financial figures
published for December
31, 2005 &
2004 were:
ASSETS
|
Current Assets |
2005 |
2004 |
|
|
|
|
|
Cash in hand
& at Bank
|
152,606.26 |
114,378.00 |
|
Trade Accts. & Notes
Receivable |
2,511,931.12 |
595,647.43 |
|
Inventories |
481,954.00 |
79,070.00 |
|
Other Current Assets
|
59,635.64 |
6,778.19 |
|
Total Current
Assets |
3,206,127.02 |
795,873.62 |
|
Receivable Long-term Loan
to Related Person |
3,500,000.00 |
1,800,000.00 |
|
Total Assets
|
6,706,127.02 |
2,595,873.62 |
LIABILITIES &
SHAREHOLDERS' EQUITY [BAHT]
|
Current Liabilities |
2005 |
2004 |
|
|
|
|
|
Trade Accts. Payable |
3,162,084.22 |
598,245.45 |
|
Other Current Liabilities |
14,142.75 |
3,223.53 |
|
Total Current
Liabilities |
3,176,226.97 |
601,468.98 |
|
Total Liabilities |
3,176,226.97 |
601,468.98 |
|
|
|
|
|
Shareholders'
Equity |
|
|
|
|
|
|
|
Share capital : Baht 100 par
value authorized, issued
and fully paid share
capital 40,000 shares |
4,000,000.00 |
2,000,000.00 |
|
Capital Paid |
4,000,000.00 |
2,000,000.00 |
|
Retained Earning -
Unappropriated |
[470,099.95] |
[5,595.36] |
|
Total
Shareholders' Equity |
3,529,900.05 |
1,994,404.64 |
|
Total
Liabilities & Shareholders' Equity |
6,706,127.02 |
2,595,873.62 |
PROFIT &
LOSS ACCOUNT
|
Revenue |
2005 |
2004 |
|
|
|
|
|
Sales |
4,619,251.69 |
556,679.85 |
|
Other Income |
71,559.13 |
6,608.92 |
|
Total Revenues
|
4,690,810.82 |
563,288.77 |
|
Expenses |
|
|
|
|
|
|
|
Cost of Goods
Sold |
4,003,684.00 |
480,037.90 |
|
Selling & Administrative Expenses |
1,151,631.41 |
88,846.23 |
|
Total Expenses |
5,155,315.41 |
568,884.13 |
|
Net Profit / [Loss] |
[464,504.59] |
[5,595.36] |
FINANCIAL ANALYSIS
Annual Growth
& Profitability
|
Annual Growth |
2005 |
2004 |
|
Net Sales |
729.79 |
|
|
Operating Profit |
900.45 |
|
|
Net Profit |
[8,201.60] |
|
|
Total Assets |
158.34 |
|
|
Profitability |
|
|
|
Cost of Good
Sold |
86.67 |
86.23 |
|
Operating Profit Margin |
[10.06] |
[1.01] |
|
S & A
Expenses |
24.93 |
15.96 |
|
Other Revenues |
1.55 |
1.19 |
|
Net Profit Margin |
[10.06] |
[1.01] |
|
Earning Per Shares |
[11.61] |
[0.28] |
|
No. of Shares |
40,000 |
20,000 |
Net Sales was
increased by 729.79%,
Operating Profit was
increased by 900.45%,
Net Profit was
decreased by 8,201.60%,
Total Assets was
increased by 158.34%.
Compare each cost
with sales, Cost of
Good Sold was
increased from 86.23%
to 86.67%, Operating
Profit Margin was
decreased from -1.01%
to -10.06%, S
& A Expenses
was increased from
15.96% to 24.93%,
Other Revenues was
increased from 1.19%
to 1.55%, Net
Profit Margin was
decreased from -1.01%
to -10.06%.
Earning Per Shares
was decreased from
-0.28 baht per
share to -11.61 baht
per share.
Liquidity
|
Liquidity |
2005 |
2004 |
|
Current Ratio |
1.01 |
1.32 |
|
Quick-Assets Ratio |
0.84 |
1.18 |
Current Ratio was
decreased from 1.32
to 1.01, show
Current Assets can
cover Current Liabilities,
Liquidity Ratio of the company
was good, Quick-Assets
Ratio was decreased
from 1.18 to
0.84, capacity to
pay Short Term
Loan was not
good, because Current
Assets without Inventory
can not cover
Current Liabilities.
Leverage
|
Leverage |
2005 |
2004 |
|
D/E Ratio |
0.90 |
0.30 |
D/E Ratio was
increased from 0.30
to 0.90, show
the company had
fund from Equity
more than fund
from Loan, investment
risked of the
company is low.
Efficiency
|
Efficiency |
2005 |
2004 |
|
Total Assets Turnover |
0.69 |
0.21 |
|
Return on Assets |
[6.93] |
[0.22] |
|
Return on Equity |
[13.16] |
[0.28] |
|
Day's Payable |
246.44 |
386.88 |
|
Day’s Inventories |
37.56 |
51.13 |
|
Day’s Receivables |
195.77 |
385.20 |
Total Assets Turnover
was increased from
0.21 times to
0.69 times, show
the company could
use Assets so
efficiently, Return on Assets was
decreased from -0.22
to -6.93, Return
on Equity was
decreased from -0.28
to -13.16, capacity
to use Assets
to make profit
was not good.
Day's Payable was
decreased from 387
days to 247
days, Day’s Inventories
was decreased from
52 days to
38 days, and
Day’s Receivables was
decreased from 386
days to 196
days.
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)