MIRA INFORM REPORT
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Report Date : |
20.09.2011 |
IDENTIFICATION DETAILS
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Name : |
AMARDASS
INTERTRADE CO., LTD. |
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Registered Office : |
583-589 Chakrapetch Road, Wangburapapirom, Phranakorn, Bangkok 10200 |
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Country : |
Thailand |
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Date of Incorporation : |
30.08.2010 |
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Com. Reg. No.: |
0105553105501 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Exporter of Tapioca 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 |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
New Business |
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Payment
Behaviour : |
Unknown |
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Litigation : |
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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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Thailand |
b1 |
b1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name
AMARDASS INTERTRADE
CO., LTD.
SUMMARY
BUSINESS
ADDRESS : 583-589 CHAKRAPETCH
ROAD,
WANGBURAPAPIROM, PHRANAKORN,
BANGKOK 10200
TELEPHONE : [66] 2623-9505
FAX :
[66] 2225-4642
E-MAIL
ADDRESS : amardass@amardass.com
REGISTRATION
ADDRESS : SAME
AS BUSINESS ADDRESS
ESTABLISHED
: 2010
REGISTRATION
NO. : 0105553105501
CAPITAL REGISTERED : BHT. 40,000,000
CAPITAL PAID-UP : BHT.
40,000,000
FISCAL YEAR CLOSING DATE : -
LEGAL
STATUS : PRIVATE LIMITED
COMPANY
EXECUTIVE : MR. SOMYOS CHAMPI,
THAI
MANAGING DIRECTOR
NO.
OF STAFF : 8
LINES
OF BUSINESS : TAPIOCA PRODUCTS
EXPORTER
CORPORATE PROFILE
OPERATING
TREND : STABLE
PRESENT
SITUATION : OPERATING NORMALLY
REPUTATION : -
MANAGEMENT
STANDARD : -
HISTORY
The subject was
established on August 30,
2010 as a
private limited company under the registered name
AMARDASS INTERTRADE CO., LTD.,
by Thai groups, with the
business objective to
export tapioca products.
It currently employs
8 staff.
The
subject’s registered address
is 583-589 Chakrapetch
Rd., Burapapirom, Phranakorn,
Bangkok 10200, and
this is the
subject’s current operation
address.
THE BOARD OF DIRECTOR
|
Name |
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Nationality |
Age |
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Mr. Somyos Champi |
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Thai |
66 |
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Mr. Prawin Champi |
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Thai |
35 |
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Mr. Thamrongdej Inthaniwest |
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Thai |
57 |
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Mr. Rungroj Champi |
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Thai |
59 |
AUTHORIZED PERSON
Any of the
above directors can
sign on behalf
of the subject
with company’s affixed.
MANAGEMENT
Mr. Somyos Champi is
the Managing Director.
He is Thai
nationality with the
age of 66
years old.
BUSINESS OPERATIONS
The subject is engaged
in exporting of tapioca
products, mainly native
tapioca starches and
tapioca pearls [sago seeds]
products. Its business
has been started
in the beginning
of 2011.
PURCHASE
100%
of the products
is purchased from
local manufacturers.
EXPORT
100% of the
products is exported
to Bangladesh and
India.
RELATED AND AFFILIATED
COMPANY
Amardass Corporation Co.,
Ltd.
Business Type :
Distributor and exporter
of agriculture products
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
Local bills are
paid by cash
or on the
credits term of
30-60 days.
Exports are against
T/T.
BANKING
Kasikornbank
Public Co., Ltd.
EMPLOYMENT
The
subject employs 8
staff.
LOCATION
DETAILS
The
premise is rented
for administrative office
at the heading
address. Premise is
located in commercial/residential area.
COMMENT
Since
the subject was formed
in August 2010, its business has
been started in the
beginning of 2011 as an
exporter of tapioca
products. Even though it is still in early
stage of operation, its
business has a
good prospect and
doing well at
the moment.
FINANCIAL INFORMATION
The
capital was registered at Bht. 10,000,000 divided into
100,000 shares of Bht. 100 each with fully
paid.
On
October 11, 2010,
the capital was
increased to Bht. 40,000,000 divided
into 400,000 shares
of Bht. 100 each
with fully paid.
THE
SHAREHOLDERS LISTED WERE
: [as at September
16, 2010]
|
NAME |
HOLDING |
% |
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Mr. Prawin Champi Nationality: Thai Address : 583-585
Chakrapetch Rd., Burapapirom,
Phranakorn, Bangkok |
185,000 |
46.25 |
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Mr. Somyos Champi Nationality: Thai Address : 589
Chakrapetch Rd., Burapapirom,
Phranakorn, Bangkok |
75,000 |
18.75 |
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Mr. Thamrongdej Inthaniwest Nationality: Thai Address : 587
Chakrapetch Rd., Burapapirom,
Phranakorn, Bangkok |
55,000 |
13.75 |
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Mr. Rungroj Champi Nationality: Thai Address : 583-589
Chakrapetch Rd., Burapapirom,
Phranakorn, Bangkok |
55,000 |
13.75 |
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Mr. Chavalit Champi Nationality: Thai Address : 32-34
Soi Thopattana, Isaraphap
Rd., Chaopraya, Klongsan,
Bangkok |
30,000 |
7.50 |
Total Shareholders : 5
NAME OF AUDITOR
& CERTIFIED PUBLIC
ACCOUNTANT NO. :
None
Note
The 2010 financial
statement was not
submitted to the
Commercial Registration Department
during investigation.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.47.79 |
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UK Pound |
1 |
Rs.75.06 |
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Euro |
1 |
Rs.65.35 |
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 |
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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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.