MIRA INFORM REPORT

 

 

Report Date :

09.08.2012

 

IDENTIFICATION DETAILS

 

Name :

AEC  WORLD  CENTER  CO.,  LTD.

 

 

Registered Office :

6/1  Soi  Ramintra  117  Yaek  12,  Ramintra  Road, Minburi,  Bangkok  10510

 

 

Country :

Thailand

 

 

Date of Incorporation :

20.07.2012

 

 

Com. Reg. No.:

0105555107012

 

 

Legal Form :

Private  Limited  Company

 

 

Line of Business :

importer,  distributor  and exporter  wide  range  of  agricultural  commodity  and  agro-food  products

 

 

No. of Employees :

02

 

 

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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

 

AEC  WORLD  CENTER  CO.,  LTD.

 

 

SUMMARY

 

BUSINESS  ADDRESS                          :           6/1  SOI  RAMINTRA  117  YAEK  12,  RAMINTRA  ROAD,

                                                                        MINBURI,  BANGKOK  10510,  THAILAND

TELEPHONE                                         :           [66]   084  125-4722

FAX                                                      :           [66]   2918-3460

E-MAIL  ADDRESS                                :           aecworldcenter@gmail.com

REGISTRATION  ADDRESS                  :           SAME  AS  BUSINESS  ADDRESS

ESTABLISHED                                     :           2012

REGISTRATION  NO.                           :           0105555107012

TAX  ID  NO.                                         :           -

CAPITAL REGISTERED                         :           BHT.   1,000,000

CAPITAL PAID-UP                                :           BHT.      250,000

SHAREHOLDER’S  PROPORTION         :           THAI     :    100%

FISCAL YEAR CLOSING DATE              :           -            

LEGAL  STATUS                                  :           PRIVATE  LIMITED  COMPANY

EXECUTIVE                                          :           MS. SUKANYA  THONGTASEE,  THAI

                                                                        MANAGING  DIRECTOR           

NO.  OF  STAFF                                   :           2

LINES  OF  BUSINESS                          :           TRADING  COMPANY

                                                                        IMPORTER,  DISTRIBUTOR  AND  EXPORTER

                                                                         

 

CORPORATE PROFILE

 

OPERATING  TREND                            :           EARLY  STAGE                       

PRESENT  SITUATION                          :           -                      

REPUTATION                                       :           -

MANAGEMENT  STANDARD                 :           -                      

 

 

 

 


HISTORY

 

The  subject  was  established  on  July  20,  2012   as  a  private  limited  company under  the  registered  name  AEC  WORLD  CENTER  CO.,  LTD.,   by  Thai groups, with  the  objective  to  be engaged  in  trading  business  wide  range  of  agricultural  commodity  and  agro-food  products  to  both   domestic  and  international markets.   It  currently  employs  2  staff.  

 

The  subject’s  registered  address  is  6/1  Soi  Ramintra 117  Yaek 12,  Ramintra  Rd.,  Minburi,  Bangkok  10510,  and  this  is  the  subject’s  current  operation  address.  

 

 

THE BOARD OF DIRECTOR

 

     Name

 

Nationality

Age

 

 

 

 

Ms. Sukanya  Thongtasee

 

Thai

33

 

 

AUTHORIZED PERSON

 

The  above  director  can  sign  on  behalf  of  the  subject  with  company’s  affixed.

 

 

MANAGEMENT

 

Ms. Sukanya  Thongtasee   is  the  Managing  Director.

She  is  Thai  nationality  with  the  age  of  33 years  old.  

 

 

BUSINESS OPERATIONS

 

The  subject  is  engaged  in  trading  business  as  an  importer,  distributor  and exporter  wide  range  of  agricultural  commodity  and  agro-food  products,  such  as  fruits, vegetable,  seed,  as  well  as  vegetable  oil,  lipids  and  others,  according  to  customer’s  requirement.  Its  business  has  been started   in  July 2012.

 

PURCHASE

The   products  are  purchased  from  suppliers  both  domestic  and  overseas,  mainly  in  Pakistan  and  India.

 

SALES 

The  products  are  sold  by  wholesale  to  traders  and  end-users  both  local  and  overseas,  mainly  in  Pakistan  and  India.

 

SUBSIDIARY  AND  AFFILIATED  COMPANY

The  subject  is  not  found  to  have  any  subsidiary  or  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  credit  term  of  30  days.

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

Imports  are  by  D/A  and  T/T  on  negotiated  terms.

Exports  are  against  T/T.

 

BANKING

The  banker’s  name  was  not  disclosed.

 

EMPLOYMENT

The  subject  currently  employs  2  staff.  

 

LOCATION  DETAILS

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

 

COMMENT

The  subject  has  been  established in July  2012.   Its  business  is in  early  stage  and  has  not  yet  been in  a  full  operation.   Any  business  engagement  is  not  recommended  at  a  time  being. 

 

 

FINANCIAL INFORMATION

 

The  capital  was  registered  at  Bht.  1,000,000  divided  into  10,000  shares  of  Bht.  100     each  with  25%  paid-up.

 

THE  SHAREHOLDERS  LISTED  WERE  :  [as  at  July  19,  2012]  at  Bht.  250,000  of  capitalization.

       NAME

HOLDING

%

 

 

 

Ms. Sukanya  Thongtasee

Nationality:  Thai

Address     :  19  Soi  Sukhumvit  101/1,  Bangchak, 

                     Prakanong,  Bangkok  

9,800

98.00

Ms. Tatiya  saengchuen

Nationality:  Thai

Address     :  4/2  Moo  2,  T. Banplub,  A.  Bangpa-in, 

                     Ayutthaya

  100

  1.00

Mr. Trakarn  Leamsuwan

Nationality:  Thai

Address     :  443/20  Moo  5,  T. Nongpaikaew, 

                     A.  Banbueng,  Chonburi

  100

  1.00

Total  Shareholders  :   3

 

Share  Structure  [as  at  July  19,  2012]

Nationality

Shareholders

No. of  Share

% Shares

 

 

 

 

Thai

3

10,000

100.00

Foreign

-

-

-

 

Total

 

3

 

10,000

 

100.00

 

NAME  OF  AUDITOR  &  CERTIFIED  PUBLIC  ACCOUNTANT  NO. :

None

 

Note:

Due  to  the  subject  has  been established  in  2012,  therefore  financial  statement  was  not  submitted  to  the  Registration  Office,  Ministry  of  Commerce. 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.55.15

UK Pound

1

Rs.86.00

Euro

1

Rs.68.31

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.