MIRA INFORM REPORT

 

 

Report Date :           

09.08.2012

 

IDENTIFICATION DETAILS

 

Correct Name :

MULTI  SEAFOOD  CO.,  LTD.

 

 

Registered Office :

85/468  Soi  Thian-Talay  20,  Bangkhuntian-Chaitalay  Road,  Samaedum,  Bangkhuntian,  Bangkok  10600

 

 

Country :

Thailand

 

 

Date of Incorporation :

02.05.2011

 

 

Com. Reg. No.:

0105554058263

 

 

Legal Form :

Private  Limited  Company

 

 

Line of Business :

Importer  and  distributor  of seafood  products

 

 

No. of Employees :

Not Available

 

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

 

MULTI  SEAFOOD  CO.,  LTD.

 

 

SUMMARY

 

BUSINESS  ADDRESS                          :           85/468  SOI  THIAN-TALAY  20, 

BANGKHUNTIAN-CHAITALAY  ROAD,  SAMAEDUM,  BANGKHUNTIAN,  BANGKOK  10600

TELEPHONE                                         :           [66]  086  321-6998

FAX                                                      :           -  

REGISTRATION  ADDRESS                  :           SAME  AS  BUSINESS  ADDRESS

ESTABLISHED                                     :           2011

REGISTRATION  NO.                           :           0105554058263

CAPITAL REGISTERED                         :           BHT.   1,000,000

CAPITAL PAID-UP                                :           BHT.   1,000,000

SHAREHOLDER’S  PROPORTION         :           THAI  :  100%

FISCAL YEAR CLOSING DATE              :           -            

LEGAL  STATUS                                  :           PRIVATE  LIMITED  COMPANY

EXECUTIVE                                          :           MRS.  KANCHANA  SEESAENG,  THAI

                                                                        MANAGING  DIRECTOR           

NO.  OF  STAFF                                   :           -

LINES  OF  BUSINESS                          :           SEAFOOD  PRODUCTS

IMPORTER  AND  DISTRIBUTOR 

                                                                         

                                                                         

CORPORATE  PROFILE

 

OPERATING  TREND                            :           EARLY  STAGE                       

PRESENT  SITUATION                         :           INACTIVE                     

REPUTATION                                       :           -

MANAGEMENT  STANDARD                 :           -                      

 

 

 

 


HISTORY

 

The  subject  was  established  on  May  2,  2011  as  a  private  limited  company  under  the  name  style  MULTI  SEAFOOD  CO.,  LTD.  by  Thai groups, with  the  business  objective  declared  to  the  Commercial  Registration  Department  as  an  importer  and  distributor  of  seafood  products. 

 

The  subject’s  registered  address  is  85/468  Soi  Thian-talay  20,  Bangkhuntian-Chaitalay  Rd.,  Samaedum,  Bangkok 10600,  and  this  is the  company’s  current  operation   address.

 

 

THE BOARD OF DIRECTOR

 

Mrs.  Kanchana  Seesaeng

 

 

AUTHORIZED PERSON

 

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

 

 

MANAGEMENT

 

Mrs.  Kanchana  Seesaeng  is  the  Managing  Director.

She  is  Thai  nationality  with  the  age  of   39 years  old.  

 

 

BUSINESS OPERATIONS

 

The  subject’s business  objective  is  to  operate  as  an  importer  and  distributor of  seafood  products.

 

However,  the  subject  has  not  started  any  business  activity  ever  since  its  establishment.  Mrs.  Kanchana  Seesaeng,  the  Managing  Director  is  still  in  abroad.  She  will  be  back  to  Thailand  in  New Year  2012. 

 

REMARK

CREDIT  OF  US$  15,000,000  AGAINST  D/A  TERM  IS  NOT  RECOMMENDED.

 

COMMENT

As  the  subject  is  a  newly  established  firm  with  no commencement  of  its  business  activity  yet,  the above  credit  is not  recommended  for  a  time  being.

 


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  May  2,  2011]

       NAME

HOLDING

%

 

 

 

Mrs.  Kanchana  Seesaeng

Nationality:  Thai

Address     :  100/150  Soi  Kehaklongtoey  4,  Klongtoey, 

                     Bangkok  10110 

9,900

99.00

Mr.  Uthis  Boonsom

Nationality:  Thai

Address     :  445/5  Nonsee  Rd.,  Chongnonsee,  Yannawa, 

                     Bangkok  10120 

99

0.99

Ms.  Paksiri  Suesirithamrong

Nationality:  Thai

Address     :  10/10  Petcharoen  Rd.,  Naimuang,  Muang, 

                     Petchaboon  67000

1

0.01

 

Total  Shareholders  :    3

 

Share  Structure  [as  at  May  2,  2011]

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. :

-

 

NOTE

Due  to  a  newly  established  firm  with  no  business   commencement,  the  financial  statement  is  not  yet   available  at  the  Commercial  Registration  Department.


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 :

SDA

 

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.