MIRA
INFORM REPORT
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Report Date : |
10.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
SIAM UDOM INTERFOOD CO., LTD. |
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Registered Office : |
258/61-62 Charansanitwong 13 Road, T. Wadthaphra, A. Bangkokyai, Bangkok 10600 |
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Country : |
Thailand |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
May 15, 2007
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Com. Reg. No.: |
0105550050951 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Frozen Foods |
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 of the company
SIAM UDOM INTERFOOD CO., LTD.
SUMMARY
BUSINESS ADDRESS : 258/61-62 CHARANSANITWONG 13 ROAD,
T. WADTHAPHRA,
A. BANGKOKYAI,
BANGKOK 10600,
THAILAND
TELEPHONE : -
FAX : -
REGISTRATION ADDRESS : SAME
AS BUSINESS ADDRESS
ESTABLISHED : 2007
REGISTRATION NO.
: 0105550050951
CAPITAL REGISTERED
: BHT. 1,000,000
CAPITAL PAID-UP
: BHT. 1,000,000
FISCAL YEAR
CLOSING DATE : DECEMBER 31
LEGAL STATUS : PRIVATE LIMITED COMPANY
EXECUTIVE : -
NO. OF
STAFF : -
LINES OF
BUSINESS : FROZEN FOODS
CORPORATE PROFILE
OPERATING TREND : EARLY STAGE
PRESENT SITUATION : -
REPUTATION : -
MANAGEMENT STANDARD : -
HISTORY
The
subject was established
on May 15,
2007 as a
private limited company under the name style
SIAM UDOM INTERFOOD
CO., LTD., by
Thai groups. The
subject declares to
the Commercial Registration Department for business
objective to operate
in frozen food
business.
The
subject’s registered address
is 258/61-62 Charansanitwong 13 Rd., Wadthaphra,
Bangkokyai, Bangkok 10600.
THE BOARD OF DIRECTOR
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Name |
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Nationality |
Age |
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Mr. Yuthakorn Udomman |
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Thai |
31 |
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Ms. Kittiporn Saetang |
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Thai |
51 |
AUTHORIZED PERSON
One of the above directors
can sign on
behalf of the
subject with company’s
affixed.
NOTE
Please be informed
that we were
not able to
contact subject, due
to we cannot locate its
operating address as
well as we were unable
to reach the
company by telephone
due to the telephone company
reported no subject’s
name on their
list.
REMARK
CREDIT
OF US$ 500,000 D/A IS
NOT RECOMMENDED.
COMMENT
The
subject was formed
in 2007 to
be involved in
frozen foods business.
However, it is
newly established company,
as well as
no further information available. Credit to
the subject is not recommended.
FINANCIAL INFORMATION
The
capital was registered
at Bht. 1,000,000
divided into 10,000
shares of Bht. 100 each with fully
paid.
THE SHAREHOLDERS LISTED WERE
[as
at April 29,
2008]
|
NAME |
HOLDING |
% |
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Mr. Boonsiri Siriboon Nationality: Thai Address : 37/38
Chan Rd., Thungwatdon,
Nakornpathom |
2,000 |
20.00 |
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Ms. Kittiporn Saetang Nationality: Thai Address : 37/38
Chan Rd., Thungwatdon,
Nakornpathom |
2,000 |
20.00 |
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Ms. Thanyakarn Raseevisuth Nationality: Thai Address : 85/2
Moo 8, Wangtakoo, Muang,
Nakornpathom |
2,000 |
20.00 |
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Mr. Polsak Raseevisuth Nationality: Thai Address : 85/2
Moo 8, Wangtakoo, Muang,
Nakornpathom |
1,000 |
10.00 |
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Mr. Apichart Srijiranont Nationality: Thai Address : 85/2
Moo 8, Wangtakoo, Muang,
Nakornpathom |
1,000 |
10.00 |
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Ms. Kanyapak Punlertviriyakul Nationality: Thai Address : 75
Thungwatdon, Sathorn, Bangkok |
1,000 |
10.00 |
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Mr. Ong-arj Raseevisuth Nationality: Thai Address : 305
Moo 8, Paknam,
Muang, Chumporn |
1,000 |
10.00 |
Total Shareholders :
7
NAME OF AUDITOR &
CERTIFIED PUBLIC ACCOUNTANT
NO.
Ms. Yaowaluck Chuaynoo No. 8855
BALANCE SHEET [BAHT]
The
latest financial figures
published for December
31, 2007 was:
ASSETS
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Current Assets |
2007 |
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Cash in hand
& at Bank
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79,254.97 |
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Short-term Loan to Related Person |
900,000.00 |
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Total Current Assets
|
979,254.97 |
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Total Assets |
979,254.97 |
LIABILITIES &
SHAREHOLDERS' EQUITY [BAHT]
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Current
Liabilities |
2007 |
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Other Current Liabilities |
6,000.00 |
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Total Current Liabilities |
6,000.00 |
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Total Liabilities |
6,000.00 |
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Shareholders' Equity |
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Share capital : Baht 100 value authorized, issued
and fully paid share
capital 10,000 shares |
1,000,000.00 |
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Capital Paid |
1,000,000.00 |
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Retained Earning -
Unappropriated |
[26,745.03] |
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Total Shareholders' Equity |
973,254.97 |
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Total Liabilities &
Shareholders' Equity |
979,254.97 |
PROFIT & LOSS ACCOUNT
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Revenue |
May 15,
2007- Dec. 31,
2007 |
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Sales Income |
- |
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Other Income |
4.47 |
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Total Revenues |
4.47 |
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Expenses |
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Cost of Goods
Sold |
- |
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Interest Expenses |
26,749.50 |
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Total Expenses |
26,749.50 |
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Net Profit / [Loss] |
[26,745.03] |
FINANCIAL ANALYSIS
Profitability
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Profitability |
2007 |
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Earning Per Shares |
[2.67] |
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No. of Shares |
10,000 |
Earning Per Shares
was -2.67 baht
per share.
Liquidity
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Liquidity |
2007 |
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Current Ratio |
163.21 |
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Quick-Assets Ratio |
163.21 |
Current Ratio was
163.21, show Current
Assets can cover
Current Liabilities, Liquidity
Ratio of the
company was good,
Quick-Assets Ratio was
163.21, capacity to
pay Short Term
Loan was good
too, because Current
Assets without Inventory
can cover Current
Liabilities.
Leverage
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Leverage |
2007 |
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D/E Ratio |
0.01 |
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Times Interest Earned |
0.00 |
D/E Ratio was
0.01, show the
company had fund
from Equity more
than fund from
Loan, investment risked
of the company is low,
Times Interest Earned
was 0.00, capacity
to pay interest paid was
not good.
Efficiency
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Efficiency |
2007 |
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Return on Assets |
[2.73] |
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Return on Equity |
[2.75] |
Return on Assets
was decreased from
0.00 to -2.73,
Return on Equity
was decreased from
0.00 to -2.75,
capacity to use
Assets to make
profit was not
good.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.45.12 |
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UK Pound |
1 |
Rs.79.60 |
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Euro |
1 |
Rs.63.83 |
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%)