MIRA
INFORM REPORT
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Report Date : |
04.09.2007 |
IDENTIFICATION DETAILS
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Name : |
KRISH STAR CO., LTD. |
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Registered Office : |
Unit
H1, 34th Floor,
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Country : |
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Date of Incorporation : |
2006 |
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Com. Reg. No.: |
0105549106182 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Engaged in importing
and distributing various kinds
of gems stones and jewelry
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. |
Small |
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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
name
KRISH STAR CO., LTD.
SUMMARY
BUSINESS ADDRESS : UNIT
H1, 34th FLOOR,
T.
SURIYAWONGSE, A. BANGRAK,
TELEPHONE : [66] 2267-2353-4
FAX : [66]
2267-2355
E-MAIL ADDRESS : siddhant007@hotmail.com
REGISTRATION ADDRESS : SAME
AS BUSINESS ADDRESS
ESTABLISHED : 2006
REGISTRATION NO. : 0105549106182
CAPITAL
REGISTERED : BHT.
4,000,000
CAPITAL
PAID-UP : BHT.
2,000,000
FISCAL
YEAR CLOSING DATE : -
LEGAL STATUS : PRIVATE LIMITED
COMPANY
EXECUTIVE : MR. SIDDHANT PRAVIN
SHAH, INDIAN
MANAGING DIRECTOR
NO. OF
STAFF : 5
LINES OF
BUSINESS : GEMS
AND JEWELRY PRODUCTS
IMPORTER AND
DISTRIBUTOR
CORPORATE PROFILE
OPERATING TREND : STABLE
PRESENT SITUATION : OPERATING NORMALLY
REPUTATION : -
MANAGEMENT STANDARD : -
HISTORY
The
subject was established
on September 4,
2006 as a
private limited company under
the name style
KRISH STAR CO.,
LTD., by Thai
and Indian groups, with
the business objective
to import and
distribute gems and
jewelry products. It
currently employs 5 staff.
The
subject’s registered address
is 1249/211 Gems
Tower, Charoenkrung Rd.,
Suriyawongse, Bangrak, Bangkok
10500, and this
is the subject’s
current operation address.
THE BOARD
OF DIRECTORS
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Name |
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Nationality |
Age |
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Mr. Siddhant Pravin Shah |
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Indian |
31 |
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Mr. Arun Gupta |
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Indian |
35 |
AUTHORIZED PERSON
Any of the
above directors can
sign on behalf
of the subject
with company’s affixed.
MANAGEMENT
Mr. Siddhant Pravin
Shah is the
Managing Director.
He is Indian
nationality with the
age of 31
years old.
BUSINESS OPERATIONS
The subject is
engaged in importing
and distributing various kinds
of gems stones and
jewelry products for
jewelry production industry.
IMPORT
100%
of the products
is imported from
SALES
The products is
sold locally by
wholesale to manufacturers
and traders.
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.
Imports are by L/C at
sight or T/T.
BANKING
Banker’s name was
not disclosed.
EMPLOYMENT
The
subject employs 5
staff.
LOCATION DETAILS
The
premise is rented
for administrative office
at the heading
address. Premise is
located in a
prime commercial area.
COMMENT
Gems
and jewelry business
is quite slow
from slow consumption
demand in domestic
market. Consumer spending
of jewelry products
has been declined
since the beginning
of the year.
The subject is
a new player
in the market
while the competitive
is strong, growth
prospect is tough.
FINANCIAL INFORMATION
The
capital was registered
at Bht. 2,000,000 divided into
20,000 shares of
Bht. 100 each.
On
August 22, 2007,
the capital was
increased to Bht. 4,000,000 divided
into 40,000 shares
of Bht. 100
each.
THE SHAREHOLDERS
LISTED WERE : [as at
September 1,
2006 at Bht.
2,000,000 of
capitalization]
|
NAME |
HOLDING |
% |
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Mr.
Siddhant Pravin Shah Nationality: Indian Address : |
4,000 |
20.00 |
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Mr. Arun Gupta Nationality: Indian Address : |
3,800 |
19.00 |
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Mr. Sompop Sutthitham Nationality: Thai Address : Wattana, |
2,600 |
13.00 |
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Mr.
Saksurin Viyasingh Nationality: Thai Address : 97/1
Moo 5, Nongpailom,
Samrongham, Surin |
2,400 |
12.00 |
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Mr. Chaloem Thumphat Nationality: Thai Address : 124/223
Moo 4, Taladkwan,
Muang, Nonthaburi |
2,400 |
12.00 |
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Mr. Nissorn Onpla Nationality: Thai Address :
Bangkokyai, |
2,400 |
12.00 |
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Ms. Varee Talabpetch Nationality: Thai Address :
Bangkorlaem, |
2,400 |
12.00 |
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. |
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%)