MIRA
INFORM REPORT
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Report Date : |
19.09.2007 |
IDENTIFICATION DETAILS
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Name : |
PIGOPAN [ |
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Registered Office : |
90/10 Moo 6, |
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Country : |
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Date of Incorporation : |
2007 |
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Com. Reg. No.: |
0735550000273 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importing and distributing various
kinds of frozen
seafood products. |
RATING & COMMENTS
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MIRA’s Rating : |
NR |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
NAME
PIGOPAN [
SUMMARY
BUSINESS ADDRESS : 90/10
MOO 6,
T.
SALAYA, A. BUDHAMONTHON,
NAKORNPATHOM 73170
TELEPHONE : [66] 2441-5482
FAX : [66] 2441-5483
REGISTRATION ADDRESS : SAME
AS BUSINESS ADDRESS
ESTABLISHED : 2007
REGISTRATION NO. : 0735550000273
CAPITAL
REGISTERED : BHT.
5,000,000
CAPITAL
PAID-UP : BHT.
1,250,000
FISCAL
YEAR CLOSING DATE : -
LEGAL STATUS : PRIVATE LIMITED
COMPANY
EXECUTIVE : MR. PIYA CHERNVIRIYAKUL, THAI
MANAGING DIRECTOR
NO. OF
STAFF : 10
LINES OF BUSINESS : FROZEN SEAFOODS
IMPORTER AND
DISTRIBUTOR
CORPORATE PROFILE
OPERATING TREND : EARLY
STAGE
PRESENT SITUATION : OPERATING NORMALLY
REPUTATION : -
MANAGEMENT STANDARD : -
HISTORY
The
subject was established
on January 29,
2007 as a
private limited company under
the name style
PIGOPAN [THAILAND] CO.,
LTD., by Thai
groups, with the business
objective to import
and distribute frozen
seafood products to
domestic market. It
currently employs approximately
10 staff.
The
subject’s registered address
is 90/10 Moo
6, Boromratchonnee Rd.,
Salaya, Budhamonthon, Nakornpathom
73170, 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. Piya Chernviriyakul |
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Thai |
30 |
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Mr. Kosin Rungruengpanich |
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Thai |
29 |
AUTHORIZED PERSON
Both of the
above directors can
jointly sign on
behalf of the
subject with company’s
affixed.
MANAGEMENT
Mr. Piya Chernviriyakul is
the Managing Director.
He is Thai
nationality with the
age of 30
years old.
BUSINESS OPERATIONS
The subject is
engaged in importing
and distributing various
kinds of frozen
seafood products, such
as crab, mackerel
fish, tuna, squid and
etc.
PURCHASE
Most of the
products are purchased
from oversea suppliers,
mainly in India
and Europe, and
the remaining from
local supplier.
SALES
100% of the
products is sold
locally by wholesale
to end-users, such
as hotel and restaurant.
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 credit term
of 30 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.
EMPLOYMENT
The
subject employs approximately
10 staff.
LOCATION DETAILS
The
premise is owned
for administrative office
and warehouse at
the heading address.
Premise is located
in residential area.
REMARK
CREDIT
OF US$ 15,000,000
SHOULD BE ON
SECURED BASIS.
COMMENT
The
subject is newly
established company. It
is a new
player in seafood
market, however its
products has strong
potential due to
consumption in domestic
market remains strong.
FINANCIAL INFORMATION
The
capital was registered
at Bht. 5,000,000 divided
into 50,000 shares
of Bht. 100 each
with 25% paid-up.
THE SHAREHOLDERS
LISTED WERE : [as at
January 25,
2007 at Bht. 1,250,000 of
capitalization]
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NAME |
HOLDING |
% |
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Mr. Piya Chernviriyakul Nationality: Thai Address : 62/3
Moo 1, Rama
2 Rd., Thakham,
Bangkhunthien, |
19,800 |
39.60 |
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Mr. Kosin Rungruengpanich Nationality: Thai Address : 66
Moo 6, Sanamchan,
Banpho, Chachoengsao |
15,000 |
30.00 |
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Ms.
Pannarasee Rungruengpanich Nationality: Thai Address : 4
Prakanongnua, Wattana, |
9,900 |
19.80 |
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Mrs.
Nanthawan Chernviriyakul Nationality: Thai Address : 62/3
Moo 1, Rama
2 Rd., Thakham,
Bangkhunthien, |
5,000 |
10.00 |
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Mrs.
Supawan Rungruengpanich Nationality: Thai Address : 4
Prakanongnua, Wattana, |
100 |
0.20 |
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Ms.
Ratchada Chernviriyakul Nationality: Thai Address : 62/3
Moo 1, Rama
2 Rd., Thakham,
Bangkhunthien, |
100 |
0.20 |
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Mr. Teera Chernviriyakul Nationality: Thai Address : 62/3
Moo 1, Rama
2 Rd., Thakham,
Bangkhunthien, |
100 |
0.20 |
Total Shareholders
7
NOTE
Due to the
subject has been established its business
in 2007, therefore
financial information has
not yet available.
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%)