MIRA
INFORM REPORT
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Report Date : |
18.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
SONTHAYA METAL IMPORT & EXPORT LIMITED
PARTNERSHIP |
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Registered Office : |
53, 55 SOI Sarapee
2, Ladya Road, Somdejchaophraya, Klongsan, Bangkok 10600 |
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Country : |
Thailand |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
May 17, 2006
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Com. Reg. No.: |
0103549017820 |
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Legal Form : |
Limited Partnership |
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Line of Business : |
Distributor of Hardwares
and Tools |
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 : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name of the company
SONTHAYA METAL IMPORT & EXPORT LIMITED
PARTNERSHIP
SUMMARY
REGISTRATION ADDRESS : 53, 55 SOI SARAPEE 2,
LADYA ROAD,
SOMDEJCHAOPHRAYA, KLONGSAN,
BANGKOK 10600,
THAILAND
ESTABLISHED
: 2006
REGISTRATION NO. : 0103549017820
CAPITAL REGISTERED : BHT. 100,000
CAPITAL PAID-UP : BHT. 100,000
FISCAL YEAR CLOSING DATE : DECEMBER 31
LEGAL
STATUS : LIMITED PARTNERSHIP
EXECUTIVE : MS.
SONTHAYA SAMERNAMJAI, THAI
MANAGING PARTNER
LINES
OF BUSINESS : HARDWARES AND TOOLS
DISTRIBUTOR
CORPORATE PROFILE
OPERATING
TREND : -
PRESENT
SITUATION : -
REPUTATION : -
MANAGEMENT
STANDARD : -
HISTORY
The
subject was established
on May 17, 2006 as
a limited partnership
under the name
style SONTHAYA METAL
IMPORT & EXPORT
LIMITED PARTNERSHIP, by
Ms. Sonthaya and Ms. Sumalee
Samernamjai, in order
to distribute wide
range of hardware
and tools to
local market.
The
subject’s registered address
is 53, 55 Soi Sarapee
2, Ladya Rd.,
Somdejchaophraya, Klongsan, Bangkok
10600.
NOTE
Please
be informed that,
we are unable to contact
at given address, this
was due to
an officer at
Telephone Organization informed
that subject’s name
and address were
not found on
the list.
AUTHORIZED PERSON
Ms. Sonthaya Samernamjai bears
full financial responsibility by law.
MANAGEMENT
Ms. Sonthaya Samernamjai is
the Managing Partner.
She is Thai nationality.
BUSINESS OPERATIONS
The subject is engaged
in distributing wide
range of hardware
and tools for
engineering and industrial
used including electric
saw, electric drill,
hammers, footprints and
etc. The subject
has started its
activity in May
2006.
REMARK
CREDIT OF
US$ 500,000 D/A
IS NOT RECOMMENDED.
COMMENT
Early
established company with no
other essential information
supported. Any business
engagement is not
recommended.
FINANCIAL INFORMATION
The
capital was registered
at Bht. 100,000
which was carried
by 2 persons as followed:
Name Amount
Ms. Sonthaya Samernamjai Bht. 50,000
[Unlimited Partner]
Ms. Sumalee
Samernamjai Bht. 50,000
NAME OF
AUDITOR & CERTIFIED
PUBLIC ACCOUNTANT NO. :
Mr. Vorawat Butarothai No. 1509
BALANCE SHEET [BAHT]
The
latest financial figures
published for December
31, 2006 was:
ASSETS
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Current Assets |
2006 |
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Cash in hand
& at Bank
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108,427.55 |
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Total Current
Assets |
108,427.55 |
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Total Assets |
108,427.55 |
LIABILITIES
& SHAREHOLDERS' EQUITY [BAHT]
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Current Liabilities |
2006 |
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Other Current Liabilities |
4,239.13 |
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Total Current
Liabilities |
4,239.13 |
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Total Liabilities |
4,239.13 |
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Shareholders'
Equity |
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Capital Paid |
100,000.00 |
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Retained Earning -
Unappropriated |
4,188.42 |
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Total
Shareholders' Equity |
104,188.42 |
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Total
Liabilities & Shareholders' Equity |
108,427.55 |
PROFIT & LOSS ACCOUNT
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Revenue |
May
17, 2006- Dec. 31, 2006 |
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Operation Income |
9,000.00 |
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Total Revenues
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9,000.00 |
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Expenses |
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Selling & Administrative Expenses |
4,072.45 |
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Total Expenses |
4,072.45 |
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Profit / [Loss] Before Income Tax |
4,927.55 |
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Income Tax |
[739.13] |
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Net Profit / [Loss] |
4,188.42 |
FINANCIAL ANALYSIS
Liquidity
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Liquidity |
2006 |
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Current Ratio |
25.58 |
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Quick-Assets Ratio |
25.58 |
Current Ratio was
25.58, show Current
Assets can cover
Current Liabilities, Liquidity
Ratio of the
company was good,
Quick-Assets Ratio was
25.58, capacity to
pay Short Term
Loan was good
too, because Current
Assets with out
Inventory can cover
Current Liabilities.
Leverage
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Leverage |
2006 |
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D/E Ratio |
0.04 |
D/E Ratio was
0.04, show the
company had fund
from Equity more
than fund from
Loan, investment risked
of the company is low.
Efficiency
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Efficiency |
2006 |
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Return on Assets |
3.86 |
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Return on Equity |
4.02 |
Return on Assets
was increased from
0.00 to 3.86,
Return on Equity
was increased from
0.00 to 4.02,
capacity to use
Assets to make
profit was good.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.23 |
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UK Pound |
1 |
Rs.80.89 |
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Euro |
1 |
Rs.63.80 |
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%)