MIRA
INFORM REPORT
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Report Date : |
12.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
TREASURE OF THE SEA CO., LTD. |
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Registered Office : |
30
Moo 13, T. Chanthuk, A. Pakchong, Nakornratchasima
30130 |
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Country : |
Thailand |
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Date of Incorporation : |
09.05. 2007 |
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Com. Reg. No.: |
0305550000650 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Distributor of Sea Lives Products |
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 : |
No Complaints |
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Litigation : |
Clear |
name of the company
TREASURE OF THE SEA CO., LTD.
SUMMARY
BUSINESS ADDRESS : 30
MOO 13, T. CHANTHUK, A. PAKCHONG,
NAKORNRATCHASIMA 30130,
THAILAND
TELEPHONE : [66] 44 312-809
FAX : [66] 44
312-809
REGISTRATION ADDRESS : SAME
AS BUSINESS ADDRESS
ESTABLISHED : 2007
REGISTRATION NO.
: 0305550000650
CAPITAL REGISTERED
: BHT. 1,000,000
CAPITAL PAID-UP
: BHT. 1,000,000
FISCAL YEAR
CLOSING DATE : -
LEGAL STATUS : PRIVATE LIMITED COMPANY
EXECUTIVE : MR. KAMPOL THIENKHAM, THAI
MANAGING DIRECTOR
NO. OF STAFF
: 5
LINES OF
BUSINESS : SEA
LIVES PRODUCTS
DISTRIBUTOR
CORPORATE PROFILE
OPERATING TREND : STABLE
PRESENT SITUATION : OPERATING NORMALLY
REPUTATION : -
MANAGEMENT STANDARD : -
HISTORY
The
subject was established
on May 9, 2007 as
a private limited
company under the name
style TREASURE OF
THE SEA CO.,
LTD., by Thai
groups, with the
business objective to
wholesale various kinds
of sea lives in Nakornratchasima province. It currently
employs 5 staff.
The
subject’s registered address
is at 30 Moo 13, T, Chanthuk, A. Pakchong,
Nakornratchasima 30130, and
this is the
subject’s current operation
address.
THE BOARD OF DIRECTOR
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Name |
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Nationality |
Age |
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Mr. Kampol Thienkham |
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Thai |
28 |
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Mr. Songpol Thienkham |
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Thai |
28 |
AUTHORIZED PERSON
One of the above directors
can sign on
behalf of the
subject with company’s
affixed.
MANAGEMENT
Mr. Kampol Thienkham is
the Managing Director.
He is Thai nationality with
the age of
28 years old.
BUSINESS OPERATIONS
The subject is
engaged in wholesale
distributing various kinds
of fresh and
dry sea lives
products such as
squid, crab, fish, clam,
dry shrimp, dry
squid, salty fish
and etc.
PURCHASE
100% of the
products is purchased
from local fishery.
SALES
100% of the
products are sold
locally by wholesale
to traders, manufacturers and end-users.
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 30-60 days.
Local bills are
paid by cash
or on the credits term
of 30-60 days.
BANKING
The banker’s name
was not disclosed.
EMPLOYMENT
The
subject employs 5
staff.
LOCATION DETAILS
The
premise is owned
for administrative office
at the heading address. Premise
is located in
provincial.
REMARK
CREDIT
OF US$ 500,000 D/A IS
NOT RECOMMENDED.
COMMENT
The
subject was formed
in 2007. Its
first year operation
was reported moderately
grown. However, with
no financial information, credit to 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 3,
2007]
|
NAME |
HOLDING |
% |
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Mr. Kampol Thienkham Nationality: Thai Address : 186
Moo 5, Lamphyaklang, Muaklek, Saraburi |
9,994 |
99.94 |
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Mr. Boonkua Thienkham Nationality: Thai Address : 147
Moo 11, Nongyangsua, Muaklek, Saraburi |
1 |
0.01 |
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Mr. Songpol Thienkham Nationality: Thai Address : 136
Moo 5, Lamphyaklang, Muaklek, Saraburi |
1 |
0.01 |
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Ms. Kamolkarn Thienkham Nationality: Thai Address : 136
Moo 5, Lamphyaklang, Muaklek, Saraburi |
1 |
0.01 |
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Ms. Kamolnath Thienkham Nationality: Thai Address : 136
Moo 5, Lamphyaklang, Muaklek, Saraburi |
1 |
0.01 |
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Mrs. Chuangchan Thienkham Nationality: Thai Address : 186
Moo 5, Lamphyaklang, Muaklek, Saraburi |
1 |
0.01 |
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Mrs. Jutima Kasetpaisal Nationality: Thai Address : 364
Moo 1, Mitrapap,
Muaklek, Saraburi |
1 |
0.01 |
Total Shareholders :
7
NOTE
The 2007 financial
statement was not
available during this investigation.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.77 |
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UK Pound |
1 |
Rs.80.67 |
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Euro |
1 |
Rs.64.20 |
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%)