MIRA
INFORM REPORT
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Report Date : |
19.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
AMG CO., LTD |
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Registered Office : |
9th A/1 Floor, Sethiwan Tower, 139 Pan Road, Silom, bangrak,bangkok10500 |
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Country : |
Thailand |
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Date of Incorporation : |
23.06.2006 |
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Com. Reg. No.: |
0105549075830 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Distributor, Exporter and Importer of
Diamonds and Jewelry Products |
RATING &
COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
New Company |
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Litigation : |
Clear |
name of the company
A M
G CO.,
LTD.
SUMMARY
BUSINESS
ADDRESS : 9th A/1 FLOOR,
SETHIWAN TOWER,
139 PAN ROAD,
SILOM, BANGRAK,
BANGKOK
10500, THAILAND
TELEPHONE : [66] 2635-3155-7
FAX : [66] 2635-3158
E-MAIL
ADDRESS : arung8@gmail.com
REGISTRATION ADDRESS : SAME
AS BUSINESS ADDRESS
ESTABLISHED
: 2006
REGISTRATION NO. : 0105549075830
CAPITAL REGISTERED : BHT. 4,000,000
CAPITAL PAID-UP : BHT. 4,000,000
LEGAL
STATUS : PRIVATE LIMITED COMPANY
EXECUTIVE : MR. ARUN GUPTA, INDIAN
MANAGING DIRECTOR
NO.
OF STAFF : 6
LINES
OF BUSINESS : DIAMONDS AND JEWELRY PRODUCTS
IMPORTER, DISTRIBUTOR
AND EXPORTER
CORPORATE PROFILE
OPERATING
TREND : EARLY STAGE
PRESENT
SITUATION : OPERATING NORMALLY
REPUTATION : -
MANAGEMENT
STANDARD : -
HISTORY
The subject was
established on June
23, 2006 as
a private limited
company under the name
style A M G CO.,
LTD., by Thai
and Indian groups,
with the business
objective to be engaged
in diamond and jewelry
trading business. It
currently employs 6
staff.
The
subject’s registered address
is 139 Pan Rd.,
Silom, Bangrak, Bangkok
10500, and this
is the subject’s current operation
address.
THE BOARD
OF DIRECTOR
Mr. Arun Gupta
AUTHORIZED PERSON
The above director
can sign on
behalf of the
subject with company’s
affixed.
MANAGEMENT
Mr. Arun Gupta
is the Managing Director.
He is Indian nationality with
the age of
34 years old.
BUSINESS OPERATIONS
The subject is
engaged in trading
business, including import,
distribute and export
various kinds of
diamonds, gemstones and
jewelry products.
PURCHASE
100% of Thai’s
jewelry products is
purchased from local
manufacturers.
IMPORT
Diamond
and gemstones are
imported from India.
SALES
The imported products
are supplied to
local jewelry manufacturers and traders.
EXPORT
Jewelry products are exported to Hong Kong.
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 days.
Local bills are
paid by cash
or on the credits term
of 30 days.
Imports are by L/C at sight or T/T.
Exports are against L/C at sight or T/T.
BANKING
Bangkok Bank
Public Co., Ltd.
[Head Office, 333 Silom Rd.,
Silom, Bangrak, Bangkok]
EMPLOYMENT
The subject employs 6 staff.
LOCATION DETAILS
The
premise is rented
for administrative office
at the heading address. Premise is located in a prime commercial
area.
COMMENT
The subject has
been in its business for one year. It
is still in early stage of operation. Economic slowdown has resulted with
decline consumption of jewelry products including diamond and gemstones in
domestic market. However, exports of
jewelry products remain healthy especially to Middle East and Asian countries.
Any business engagement should be on secured
basis.
FINANCIAL INFORMATION
The capital was registered at Bht. 4,000,000
divided into 40,000 shares of Bht. 100 each with ully paid.
THE
SHAREHOLDERS LISTED WERE: [as at June 22, 2006]
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NAME |
HOLDING |
% |
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Mr. Arun Gupta Nationality: Indian Address : 126/57
North Sathorn Rd.,
Silom, Bangrak, Bangkok |
11,600 |
29.00 |
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Mrs. Monika Gupta Nationality: Indian Address : 126/57
North Sathorn Rd.,
Silom, Bangrak, Bangkok |
8,000 |
20.00 |
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Mr. Apinop Munchanda Nationality: Thai Address : 550/146
Asoke-Dindaeng Rd., Dindaeng,
Bangkok |
5,080 |
12.70 |
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Ms.
Jiraporn Chanloy Nationality: Thai Address : 244/12
Prannok Rd., Siriraj,
Bangkoknoi, Bangkok |
3,830 |
9.575 |
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Ms. Namfon Khamkwao Nationality: Thai Address : 265/2
Moo 2, Suksawas
Rd., Bangpakok,
Rajburana, Bangkok |
3,830 |
9.575 |
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Ms. Supansa Sararat Nationality: Thai Address : 114/2
Moo 6, Dontako,
Thasala,
Nakornsrithammarat |
3,830 |
9.575 |
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Ms.
Kornchaya Munchanda Nationality: Thai Address : 550/146
Asoke-Dindaeng Rd., Dindaeng,
Bangkok |
3,830 |
9.575 |
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%)