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Report Date : |
10.12.2012 |
IDENTIFICATION DETAILS
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Name : |
MMM
SHIPPING LIMITED PARTNERSHIP |
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Registered Office : |
132/1
Moo 4, T. Bung,
A. Sriracha, Chonburi 20110 |
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Country : |
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Date of Incorporation : |
19.07.2012 |
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Com. Reg. No.: |
0203555004709 |
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Legal Form : |
Limited Partnership |
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Line of Business : |
Shipping and transporting service |
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No. of Employees : |
02 employees |
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 Company |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Thailand |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
thailand - ECONOMIC OVERVIEW
With a well-developed infrastructure, a free-enterprise economy,
generally pro-investment policies, and strong export industries, Thailand enjoyed
solid growth from 2000 to 2007 - averaging more than 4% per year - as it
recovered from the Asian financial crisis of 1997-98. Thai exports - mostly
machinery and electronic components, agricultural commodities, and jewelry -
continue to drive the economy, accounting for more than half of GDP. The global
financial crisis of 2008-09 severely cut Thailand's exports, with most sectors
experiencing double-digit drops. In 2009, the economy contracted 2.3%. In 2010,
Thailand's economy expanded 7.8%, its fastest pace since 1995, as exports
rebounded from their depressed 2009 level. Steady economic growth at just below
4% during the first three quarters of 2011 was interrupted by historic flooding
in October and November in the industrial areas north of Bangkok, crippling the
manufacturing sector and leading to a revised growth rate of only 0.1% for the
year. The industrial sector is poised to recover from the second quarter of
2012 onward, however, and the government anticipates the economy will probably
grow between 5.5 and 6.5% for 2012, while private sector forecasts range
between 3.8% and 5.7%.
|
Source : CIA |
MMM SHIPPING LIMITED
PARTNERSHIP
BUSINESS
ADDRESS : 132/1
MOO 4, T. BUNG,
A. SRIRACHA,
CHONBURI
20110,
THAILAND
TELEPHONE : [66] 38
372-194, 088 244-3789
FAX :
-
REGISTRATION
ADDRESS : SAME
AS BUSINESS ADDRESS
ESTABLISHED
: 2012
REGISTRATION
NO. : 0203555004709
CAPITAL REGISTERED : BHT. 1,000,000
CAPITAL PAID-UP : BHT.
1,000,000
FISCAL YEAR CLOSING DATE : -
LEGAL
STATUS : LIMITED
PARTNERSHIP
EXECUTIVE : MR.
SUNANT WATTANASUK, THAI
MANAGING PARTNER
NO.
OF STAFF : 2
LINES
OF BUSINESS : SHIPPING AND
TRANSPORTING SERVICE
OPERATING
TREND : EARLY
STAGE
PRESENT
SITUATION : -
REPUTATION : -
MANAGEMENT
STANDARD : -
The
subject was established
on July 19,
2012 as a
limited partnership under
the name style MMM
SHIPPING LIMITED PARTNERSHIP
by Thai partners,
with the business
objective to provide
shipping and transporting
service. It currently
employs 2 staff.
The subject’s registered
address is 132/1 Moo 4, T.
Bung, A. Sriracha, Chonburi
20110, and this
is the subject’s
current operation address.
Mr. Sunant Wattanasuk signs
on behalf of
the subject with
seal affixed. He
also bears full
financial responsibility by
law.
Mr. Sunant Wattanasuk is
the Managing Partner.
He is Thai
nationality with the
age of 48
years old.
The subject is
a shipping agency,
providing customs clearance
of inbound/outbound cargo
from port, as
well as transportation services.
Most
of its services
are for importers
and exporters.
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
Services are by
cash or on
the credits term
of 15-30 days.
Local bills are
paid by cash
or on the
credits term of
30-60 days.
BANKING
The
subject has not
disclosed its banker’s
name.
EMPLOYMENT
The
subject 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 considered
as a new
player in the
market. With no
financial information available
for a
moment, small credit
should be granted
on a secured
basis only.
The
capital was registered
at Bht. 1,000,000 which was carried by 2
persons as followed:
Name Age Amount
Mr. Sunant Wattanasuk 48 Bht.
500,000 [Unlimited Partner]
Mr. Kitti Sirimongkol 45 Bht. 500,000
NAME OF AUDITOR
& CERTIFIED PUBLIC
ACCOUNTANT NO. :
None
Note:
Due to the
subject’s early
establishment in July
2012, the financial
statement has not
yet been submitted
to the Commercial
Registration Department.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.20 |
|
UK Pound |
1 |
Rs.86.99 |
|
Euro |
1 |
Rs.70.22 |
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 |
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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 |
|
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 |
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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 |
|
<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.