MIRA
INFORM REPORT
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Report Date : |
21.10.2008 |
IDENTIFICATION DETAILS
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Name : |
CHUANCHOM INTERNATIONAL [ |
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Registered Office : |
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Country : |
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Date of Incorporation : |
2008 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer and Distributor of Frozen Seafoods |
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 of the company
CHUANCHOM INTERNATIONAL [
SUMMARY
BUSINESS ADDRESS :
KLONGTHANON, BANGKHEN,
TELEPHONE : [66] 2971-3801
FAX : [66] 2971-3802
E-MAIL ADDRESS : chuanchom@hotmail.com
REGISTRATION ADDRESS : SAME
AS BUSINESS ADDRESS
ESTABLISHED : 2008
REGISTRATION NO.
: -
CAPITAL REGISTERED
: -
CAPITAL PAID-UP
: -
FISCAL YEAR
CLOSING DATE : -
LEGAL STATUS : PRIVATE LIMITED
COMPANY
EXECUTIVE : MR. YOSSANAN KORSAKULPANICH, THAI
MANAGING DIRECTOR
NO. OF
STAFF : 5
LINES OF
BUSINESS : FROZEN SEAFOODS
IMPORTER AND
DISTRIBUTOR
CORPORATE PROFILE
OPERATING TREND : EARLY
STAGE
PRESENT SITUATION : -
REPUTATION : -
MANAGEMENT STANDARD : -
HISTORY
The
subject was started
its activity in
2008 as a
private limited company under
the name style CHUANCHOM INTERNATIONAL
[THAILAND] CO., LTD., by
Thai groups, with
the business objective
to import and distribute
frozen seafoods to
domestic market. It
currently employs 5
staff.
The
subject has entered
into the process
of company registration
at the Commercial
Registration Department,
which was submitted on
August 25, 2008.
However, it currently
has not yet completed
the company’s registration
process.
MANAGEMENT
Mr. Yossanan Korsakulpanich is
the Managing Director.
He is Thai
nationality.
BUSINESS OPERATIONS
The subject’s objective is
engaged in importing
and distributing of
frozen seafoods, such
as Mackerel, Tuna
and Saba, as well
as squid, with
the capacity of
1,000 metric tons
per month.
IMPORT
The
products are imported
from India, Pakistan,
Vietnam, Republic of
China, and Japan.
SALES
100% of the products
is sold locally
by wholesale to
Chuanchom Frozen Food
Limited Partnership.
RELATED AND
AFFILIATED COMPANY
Chuanchom Frozen
Food Limited Partnership
Business Type :
Distributor of frozen
foods.
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 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
Kasikornbank Public Co.,
Ltd.
EMPLOYMENT
The
subject employs 5
staff.
LOCATION DETAILS
The
premise is owned
for administrative office
at the heading
address. Premise is
located in commercial/residential area.
REMARK
CREDIT
OF US$ 500,000 IS
NOT RECOMMENDED.
COMMENT
The
subject is still under processing
of company registration.
However, the subject has not yet
officially started its
business, but expected
the registration processing
would be completed
within 30 days.
Credit to subject is
not recommended for a
time being.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.83 |
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1 |
Rs.85.12 |
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Euro |
1 |
Rs.65.86 |
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%)