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Report Date : |
10.08.2012 |
IDENTIFICATION DETAILS
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Name : |
THAI
POLYMER PRODUCTS CO.,
LTD. |
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Registered Office : |
414 Moo 13, T. Ladtakien, A. Kabinburi, Prachinburi 25110 |
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Country : |
Thailand |
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Date of Incorporation : |
2012 |
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Com. Reg. No.: |
0255555000047 |
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Legal Form : |
Private
Limited Company |
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Line of Business : |
Importer and Distributor of Water Based and Chemicals |
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No. of Employees : |
2 |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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-- |
NB |
New Business |
-- |
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Status : |
New Business |
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Payment Behaviour : |
Unknown |
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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 |
THAI POLYMER
PRODUCTS CO., LTD.
BUSINESS
ADDRESS : 414
MOO 13, T. LADTAKIEN,
A. KABINBURI,
PRACHINBURI 25110,
THAILAND
TELEPHONE : [66] 089
936-3416
FAX :
[66] 037
576-768
E-MAIL
ADDRESS : -
REGISTRATION
ADDRESS : SAME
AS BUSINESS ADDRESS
ESTABLISHED
: 2012
REGISTRATION
NO. : 0255555000047
TAX
ID NO. : 3034834153
CAPITAL REGISTERED : BHT. 2,000,000
CAPITAL PAID-UP : BHT.
2,000,000
SHAREHOLDER’S PROPORTION : THAI
: 100%
FISCAL YEAR CLOSING DATE : -
LEGAL
STATUS : PRIVATE LIMITED
COMPANY
EXECUTIVE : MRS. UDOMLUCK PLUENGRAT,
THAI
MANAGING DIRECTOR
NO.
OF STAFF : 2
LINES
OF BUSINESS : WATER
BASED AND CHEMICALS
IMPORTER AND
DISTRIBUTOR
OPERATING
TREND : STABLE
PRESENT
SITUATION : OPERATING NORMALLY
REPUTATION : -
MANAGEMENT
STANDARD : -
The
subject was established
on January 9,
2012 as a
private limited company under
the registered name
THAI POLYMER PRODUCTS
CO., LTD., by
Thai groups, with the business
objective to import
and distribute water
based and chemicals
for industrial users. It
currently employs 2
staff.
The
subject’s registered address
is 414 Moo 13,
T. Ladtakien, A. Kabinburi, Prachinburi
25110, and this
is the subject’s
current operation address.
THE
BOARD OF DIRECTOR
Mrs. Udomluck Pluengrat
AUTHORIZED PERSON
The above director
can sign on
behalf of the
subject with company’s
affixed.
MANAGEMENT
Mrs. Udomluck Pluengrat is
the Managing Director.
She is Thai
nationality with the
age of 44
years old.
BUSINESS OPERATIONS
The subject
is engaged in
importing and distributing
of water based
and chemicals for
printing and coating
industries.
PURCHASE
Most
of the products
are imported from
Republic of China
and India, the
remaining is purchased
from local supplier.
SALES
100% of the
products is sold
locally by wholesale
to traders, manufacturers, and
end-users, mainly printing
and packaging industries.
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
according the past
two years.
CREDIT
Sales are by
cash or on
the credits term
of 30-60 days.
Local bills are
paid by cash
or on the
credits term of
30-60 days.
Imports are by
T/T.
BANKING
The
banker’s name was
not disclosed.
EMPLOYMENT
The
subject currently employs
2 staff.
LOCATION
DETAILS
The
premise is owned for
administrative office at
the heading address.
Premise is located
in provincial.
COMMENT
The
subject is a newly established company.
It is still
in early stage
with no financial
information. Any business
engagement is not
recommended.
The
capital was registered
at Bht. 1,000,000
divided into 10,000 shares
of Bht. 100
each with fully
paid.
On
March 30, 2012,
the registered capital
was increased to
Bht. 2,000,000 divided into
20,000 shares of
Bht. 100 each with
fully paid.
[as
at March 29, 2012]
|
NAME |
HOLDING |
% |
|
|
|
|
|
Mrs. Udomluck Pluengrat Nationality: Thai Address : 39
Moo 3, T. Yanree,
A. Kabinburi, Prachinburi
|
17,000 |
85.00 |
|
Mr. Thanapat Pluengrat Nationality: Thai Address :
8 Moo 13,
T. Ladtakien, A. Kabinburi,
Prachinburi |
2,000 |
10.00 |
|
Ms. Malita Buttamol Nationality: Thai Address : 71/5
Moo 10, T. Ladtakien, A. Kabinburi, Prachinburi |
1,000 |
5.00 |
Total Shareholders : 3
Share Structure [as
at March 29,
2012]
|
Nationality |
Shareholders |
No. of Share |
% Shares |
|
|
|
|
|
|
Thai |
3 |
20,000 |
100.00 |
|
Foreign |
- |
- |
- |
|
Total |
3 |
20,000 |
100.00 |
NAME OF AUDITOR
& CERTIFIED PUBLIC
ACCOUNTANT NO. :
None.
Note:
Due to the
subject was established
in 2012, therefore
financial information was
not available.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.17 |
|
|
1 |
Rs.86.42 |
|
Euro |
1 |
Rs.68.26 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.