MIRA INFORM REPORT
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Report Date : |
16.11.2011 |
IDENTIFICATION DETAILS
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Name : |
WEB
& VOICE LIMITED PARTNERSHIP |
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Registered Office : |
64/63 Moo
9, T. Nongprue, A. Banglamung, Chonburi 20150 |
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Country : |
Thailand |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
16.03.2010 |
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Com. Reg. No.: |
0203553001605 |
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Legal Form : |
Limited Partnership |
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Line of Business : |
Internet Service Provider |
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 |
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 : |
---- |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Thailand |
b1 |
b1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name
WEB & VOICE
LIMITED PARTNERSHIP
SUMMARY
BUSINESS
ADDRESS : 64/63
MOO 9, T. NONGPRUE,
A. BANGLAMUNG,
CHONBURI 20150,
THAILAND
TELEPHONE : [66] 38
300-881
FAX :
[66] 38
300-887
REGISTRATION
ADDRESS : SAME
AS BUSINESS ADDRESS
ESTABLISHED
: 2010
REGISTRATION
NO. : 0203553001605
CAPITAL REGISTERED : BHT. 100,000
CAPITAL PAID-UP : BHT.
100,000
PARTNER’S
PROPORTION : THAI :
62%
AUSTRIAN :
38%
FISCAL YEAR CLOSING DATE : DECEMBER 31
LEGAL
STATUS : LIMITED
PARTNERSHIP
EXECUTIVE : MS. CHANTIMA DAENGSUTTHA, THAI
MANAGING PARTNER
NO.
OF STAFF : 2
LINES
OF BUSINESS : INTERNET SERVICE
PROVIDER
CORPORATE PROFILE
OPERATING
TREND : STABLE
PRESENT
SITUATION : OPERATING NORMALLY
REPUTATION : FAIR
WITH NORMAL BUSINESS
ENGAGEMENT
MANAGEMENT
STANDARD : MANAGEMENT WITH
FAIR PERFORMANCE
HISTORY
The
subject was established on March
16, 2010 as
a limited partnership under the
name style WEB & VOICE
LIMITED PARTNERSHIP by Thai
and Austrian partners,
with the business
objective to provide
internet service. It
currently employs 2
staff.
The
subject’s registered address
is 64/63 Moo 9, T.
Nongprue, A. Banglamung, Chonburi
20150, and this
is the subject’s
current operation address.
AUTHORIZED PERSON
Ms. Chantima Daengsuttha can
sign on behalf
of the subject
with seal affixed.
She also bears
full financial responsibility by
law.
MANAGEMENT
Ms. Chantima Daengsuttha is
the Managing Partner.
She is Thai
nationality with the
age of 39
years old.
BUSINESS OPERATIONS
The subject is
engaged in provide
design and developing
internet service, including
game online, internet
online, Wi-fi system,
web design and
others.
PURCHASE
100%
of the IT
products is purchased
from local suppliers.
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
according to IRICO’S
DATABASE for the
past two years.
CREDIT
Sales & services are by
cash.
Local bills are
paid by cash
or on the
credit term of 30 days.
BANKING
The
banker’s name was
not disclosed.
EMPLOYMENT
The
subject employs 2
office staff and
programmer.
LOCATION
DETAILS
The
premise is owned
for administrative office
at the heading
address. Premise is located
in provincial, in
the Eastern region.
REMARK
MAXIMUM
CREDIT SHOULD BE
GRANTED AT US$
20,000.
COMMENT
The
subject is a small
company provides design, system development, internet integration
and online materials.
Its operation during
2010-2011 remains slow.
FINANCIAL INFORMATION
The
capital was registered
at Bht. 100,000 which
was carried by
2 persons as
followed :
Name Age Amount
Ms. Chantima Daengsuttha 39 Bht. 62,000 [Unlimited
Partner]
Mr. Gernot Pichlmuller 50 Bht. 38,000
NAME OF AUDITOR
& CERTIFIED PUBLIC
ACCOUNTANT NO. :
Ms. Rossukon Klin-ampai No.
7312
BALANCE SHEET [BAHT]
The
latest financial figures
published for December
31, 2010 was :
ASSETS
|
Current Assets |
2010 |
|
|
|
|
Cash in Hand
& at Bank |
5,000.00 |
|
Short-term Loan to Related
Person |
95,000.00 |
|
Other Current Assets
|
1,136.10 |
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|
|
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Total Current Assets
|
101,136.10 |
|
Total Assets |
101,136.10 |
LIABILITIES &
SHAREHOLDERS' EQUITY [BAHT]
|
Current
Liabilities |
2010 |
|
|
|
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Other Current Liabilities |
5,537.49 |
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|
|
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Total Current Liabilities |
5,537.49 |
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Total Liabilities |
5,537.49 |
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Shareholders' Equity |
|
|
|
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Capital Paid |
100,000.00 |
|
Retained Earning - Unappropriated |
[4,401.39] |
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Total Shareholders' Equity |
95,598.61 |
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Total Liabilities & Shareholders' Equity |
101,136.10 |
PROFIT & LOSS ACCOUNT
|
Sale |
March 16,
2010 - Dec.
31, 2010 |
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|
|
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Other Income |
1,136.10 |
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Total Sales |
1,136.10 |
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Expenses |
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Administrative Expenses |
5,537.49 |
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Total Expenses |
5,537.49 |
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Net Profit / [Loss] |
[4,401.39] |
FINANCIAL ANALYSIS
|
ITEM |
UNIT |
2010 |
|
|
|
|
|
LIQUIDITY RATIO |
|
|
|
CURRENT RATIO |
TIMES |
18.26 |
|
QUICK RATIO |
TIMES |
18.06 |
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ACTIVITY RATIO |
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FIXED ASSETS TURNOVER |
TIMES |
- |
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TOTAL ASSETS TURNOVER |
TIMES |
- |
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INVENTORY CONVERSION PERIOD |
DAYS |
- |
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INVENTORY TURNOVER |
TIMES |
- |
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RECEIVABLES CONVERSION PERIOD |
DAYS |
- |
|
RECEIVABLES TURNOVER |
TIMES |
- |
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PAYABLES CONVERSION PERIOD |
DAYS |
- |
|
CASH CONVERSION CYCLE |
DAYS |
- |
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PROFITABILITY
RATIO |
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COST OF GOODS SOLD |
% |
- |
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SELLING & ADMINISTRATION |
% |
- |
|
INTEREST |
% |
- |
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GROSS PROFIT MARGIN |
% |
- |
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NET PROFIT MARGIN BEFORE EX. ITEM |
% |
- |
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NET PROFIT MARGIN |
% |
- |
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RETURN ON EQUITY |
% |
(4.60) |
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RETURN ON ASSET |
% |
(4.35) |
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LEVERAGE RATIO |
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DEBT RATIO |
TIMES |
0.05 |
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DEBT TO EQUITY RATIO |
TIMES |
0.06 |
|
TIME INTEREST EARNED |
TIMES |
- |
PROFITABILITY RATIO
|
Gross Profit Margin |
- |
|
Industrial
Average |
26.36 |
|
Net Profit Margin |
- |
|
Industrial
Average |
0.07 |
|
Return on Assets |
(4.35) |
Deteriorated |
Industrial
Average |
0.17 |
|
Return on Equity |
(4.60) |
Deteriorated |
Industrial
Average |
0.58 |
Return on Assets measures how efficiently profits are being generated
from the assets employed in the business when compared with the ratios of firms
in a similar business. A low ratio in comparison with industry averages
indicates an inefficient use of business assets. When compared with the
industry average, it was lower, the company's figure is -4.35%.
Return on Equity indicates how profitable a company is by comparing its
net income to its average shareholders' equity, ROE measures how much the
shareholders earned for their investment in the company. When compared with the
industry average, it was lower, the company's figure is -4.6%.
Trend of the average
competitors in the same industry for last 5 years
Return on Assets Uptrend
Return on Equity Uptrend
LIQUIDITY RATIO
|
Current Ratio |
18.26 |
Impressive |
Industrial
Average |
1.47 |
|
Quick Ratio |
18.06 |
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Cash Conversion Cycle |
- |
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The Current Ratio is to ascertain whether a company's short-term assets
are readily available to pay off its short-term liabilities. The company's figure
is 18.26 times in 2010, increase from 0 times, then it is generally considered
to have good short-term financial strength. When compared with the industry
average, the ratio of the company was higher, indicated that company was an
efficient operator in a dominant position within its industry.
The Quick Ratio is a liquidity indicator that further refines the
current ratio by measuring the amount of the most liquid current assets there
are to cover current liabilities. The company's figure is 18.06 times in 2010,
increase from 0 times, although excluding inventory so the company still have
good short-term financial strength.
Trend of the
average competitors in the same industry for last 5 years
Current Ratio Uptrend
LEVERAGE RATIO
|
Debt Ratio |
0.05 |
Impressive |
Industrial
Average |
0.95 |
|
Debt to Equity Ratio |
0.06 |
Impressive |
Industrial
Average |
3.53 |
|
Times Interest Earned |
- |
|
Industrial
Average |
0.68 |
Debt to Equity Ratio a measurement of how much suppliers, lenders,
creditors and obligors have committed to the company versus what the
shareholders have committed. A lower the percentage means that the company is
using less leverage and has a stronger equity position.
Debt Ratio shows the proportion of a company's assets which are financed
through debt. The company's figure is 0.05 less than 0.5, most of the company's
assets are financed through equity.
Trend of the
average competitors in the same industry for last 5 years
Debt Ratio Uptrend
Times Interest Earned Uptrend
ACTIVITY RATIO
|
Fixed Assets Turnover |
- |
|
Industrial Average |
4.96 |
|
Total Assets Turnover |
- |
|
Industrial Average |
1.96 |
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Inventory Conversion Period |
- |
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Inventory Turnover |
- |
|
Industrial Average |
17.05 |
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Receivables Conversion Period |
- |
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Receivables Turnover |
- |
|
Industrial Average |
2.84 |
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Payables Conversion Period |
- |
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Trend of the average
competitors in the same industry for last 5 years
Fixed Assets Turnover Uptrend
Total Assets Turnover Uptrend
Inventory Turnover Uptrend
Receivables Turnover Uptrend
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.56 |
|
UK Pound |
1 |
Rs.80.30 |
|
Euro |
1 |
Rs.68.79 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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---- |
NB |
New Business |
---- |
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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.