MIRA INFORM REPORT

 

 

Report Date :           

20.10.2011

 

IDENTIFICATION DETAILS

 

Name :

PUNJ  LLOYD  [THAILAND]  CO.,  LTD.

 

 

Registered Office :

Room  B-2904,  29th Floor,  Sun  Tower  B, 123 Soi  Chueypuang,  Vibhavadi  Rangsit  Road, Chomphon,  Jatujak,  Bangkok  10900

 

 

Country :

Thailand

 

 

Date of Incorporation :

06.06.2011

 

 

Com. Reg. No.:

0105554072860

 

 

Legal Form :

Private  Limited  Company

 

 

Line of Business :

Consultant  and  service of engineering  and  construction  

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Nb

 

RATING

STATUS

PROPOSED CREDIT LINE

----

NB

New Business

----

 

Status :

New Company

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

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

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

Company name

 

PUNJ  LLOYD  [THAILAND]  CO.,  LTD.

 

 

SUMMARY

 

BUSINESS  ADDRESS                          :           ROOM  B-2904,  29th FLOOR,  SUN  TOWER  B,

123  SOI  CHUEYPUANG,  VIBHAVADI  RANGSIT  ROAD,

CHOMPHON,  JATUJAK,  BANGKOK  10900,  THAILAND

TELEPHONE                                         :           [66]   2617-6755

FAX                                                      :           [66]   2617-6756

REGISTRATION  ADDRESS                  :           SAME  AS  BUSINESS  ADDRESS

ESTABLISHED                                     :           2011

REGISTRATION  NO.                           :           0105554072860

CAPITAL REGISTERED                         :           BHT.   10,000,000

CAPITAL PAID-UP                                :           BHT.   10,000,000

SHARHOLER’S  PROPORTION :           THAI                 :   51 %

                                                                        FOREIGNER     :   49 %

FISCAL YEAR CLOSING DATE              :           -            

LEGAL  STATUS                                  :           PRIVATE  LIMITED  COMPANY

EXECUTIVE                                          :           MR. AJAI  AGARWAL,  INDIAN

                                                                        EXECUTIVE  DIRECTOR           

NO.  OF  STAFF                                   :           8

LINES  OF  BUSINESS                          :           ENGINEERING  AND  CONSTRUCTION 

CONSULTANT  AND  SERVICE

                                                                         

                                                                         

CORPORATE PROFILE

 

OPERATING  TREND                            :           EARLY  STAGE                       

PRESENT  SITUATION                          :           -                      

REPUTATION                                       :           -

MANAGEMENT  STANDARD                 :           -          

 

 

 

 

 

 

 

HISTORY

 

The subject  was  established  on June  6, 2011 as  a  private limited  company under  the  registered name PUNJ LLOYD [THAILAND] CO., LTD., by Thai and  foreign  groups, with  the  business objective  to provide  engineering,   construction  and  consulting  service.   It  currently   employs  8  staff.  

 

The subject’s registered address is Room B-2904, 29th Flr., Sun Tower B, 123 Soi  Chueypuang,  Vibhavadi  Rangsit  Rd.,  Chomphon,  Jatujak,  Bangkok  10900,  and  this  is  the  subject’s  current  operation  address.  

 

 

THE BOARD OF DIRECTOR

 

     Name

 

Nationality

Age

 

 

 

 

Mr. Ajai  Agarwal

 

Indian

40

Mr. Pawan  Kumar  Gupta

 

Indian

59

 

 

AUTHORIZED PERSON

 

One  of  the  above  directors  can  sign  on  behalf  of  the  subject  with  company’s  affixed.

 

 

MANAGEMENT

 

Mr. Ajai  Agarwal  is  the  Executive  Director.

He  is  Indian  nationality  with  the  age  of  40 years  old.  

 

 

BUSINESS OPERATIONS

 

The subject’s  business  is  to provide  engineering,  construction  and  consulting  service.  However, it is  currently  in  a  process  of   bidding  for  construction  projects  with  both  private  company  and  state  enterprise.

 

CREDIT

Local  bills  are  paid  by  cash  or  on  the  credit  term  of  30-60  days.

Services  are  by  cash  or  on  the  credit  terms  of  30-60  days.

 

BANKING

Standard  Chartered  Bank  [Thai]  Public  Company  Limited

 

EMPLOYMENT

The  subject  currently  employs  8  staff.

 

LOCATION  DETAILS

The  premise  is  rented  for  administrative  office  at  the  heading  address.  Premise  is  located  in  commercial/residential  area.

 

COMMENT

The subject  is  a  newly  established  company. It  is  in  early  stage  of  its  operation.  At  present,  the  subject  is  in  a  process of  bidding  for  construction  projects  with  both  private  company  and  state  enterprise.  The  outcome  is  still  unknown.

 

 

FINANCIAL INFORMATION

 

The  capital  was  registered  at  Bht. 10,000,000  divided  into 100,000  shares  of  Bht. 100     each  with  fully  paid.

 

THE  SHAREHOLDERS  LISTED  WERE  :  [as  at  May  27,  2011]

       NAME

HOLDING

%

 

 

 

Mr. Rathapol  Cheungjiranont

Nationality:  Thai

Address     :  127/13  Moo  12,  Klongkum,  Buengkum,

                     Bangkok

51,000

51.00

Punj  Lloyd  Pte.  Ltd.

Nationality:  Singaporean

Address     :  60  Alexandra  Terrace,  The  Com  Tech, 

                     Singapore

48,998

49.00

Mr. Ajai  Agarwal

Nationality:  Indian

Address     : 145  Sukhumvit  19  Rd.,  Klongtoeynua, 

                    Wattana,  Bangkok

        1

-

Mr. Vare  Mandawanan

Nationality:  Indian

Address     :  32/18  Sukhumvit  26  Rd.,  Klongton, 

                     Klongtoey,  Bangkok

        1

-

 

Total  Shareholders  :    4

 

Share  Structure  [as  at  May  27,  2011]

 

Nationality

Shareholders

No. of  Share

% Shares

 

 

 

 

Thai

1

51,000

51.00%

Foreign

3

49,000

49.00%

 

Total

 

4

 

100,000

 

100.00%

 

NAME  OF  AUDITOR  &  CERTIFIED  PUBLIC  ACCOUNTANT  NO. :

None

 

Note

Due  to  the  subject’s  early   establishment  in  2011,  financial    has  not  yet  available.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.18

UK Pound

1

Rs.77.49

Euro

1

Rs.67.96

 

 

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

----

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.