MIRA INFORM REPORT

 

 

Report Date :

22.12.2012

 

IDENTIFICATION DETAILS

 

Name :

MAMMA  HERB  [99]  CO.,  LTD.

 

 

Registered Office :

99/242  Moo  7,  T. Klongphra-Udom, A. Ladlumkaew,  Pathumthani  12140

 

 

Country :

Thailand

 

 

Date of Incorporation :

02.03.2012

 

 

Com. Reg. No.:

0135555004124

 

 

Legal Form :

Private  Limited  Company

 

 

Line of Business :

Manufacturer  and  distributor of herbal  products

 

 

No. of Employees :

50 employees

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

----

NB

New Business

----

 

Status :

New Business

 

 

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 – 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

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

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

 

Company name

 

MAMMA  HERB  [99]  CO.,  LTD.

 

 

SUMMARY

 

BUSINESS  ADDRESS                          :           99/242  MOO  7,  T. KLONGPHRA-UDOM,

A. LADLUMKAEW,  PATHUMTHANI  12140

TELEPHONE                                        :           [66]   084  995-3111,  085  896-6000,  087  095-6222, 

089  072-8888

FAX                                                      :           [66]   2997-3883

E-MAIL  ADDRESS                               :           mammaherbal99@gmail.com

REGISTRATION  ADDRESS                  :           SAME  AS  BUSINESS  ADDRESS

 

ESTABLISHED                        :           2012

REGISTRATION  NO.                           :           0135555004124

TAX  ID  NO.                                         :           3034968995

CAPITAL REGISTERED                        :           BHT.   3,000,000

CAPITAL PAID-UP                                :           BHT.   3,000,000

SHAREHOLDER’S  PROPORTION        :           THAI     :    100%

FISCAL YEAR CLOSING DATE             :           -            

LEGAL  STATUS                                 :           PRIVATE  LIMITED  COMPANY

EXECUTIVE                                         :           MRS. CHANTAMON  POOLNIL,  THAI

                                                                        MANAGING  DIRECTOR           

 

NO.  OF  STAFF                                   :           50

LINES  OF  BUSINESS                         :           HERBAL  PRODUCTS

                                                                        MANUFACTURER  AND  DISTRIBUTOR

                                                                         

 

CORPORATE PROFILE

 

OPERATING  TREND                            :           EARLY  STAGE                       

PRESENT  SITUATION             :           OPERATING  NORMALLY                     

REPUTATION                                       :           -

MANAGEMENT  STANDARD                 :           -          


HISTORY

 

The  subject  was  established  on  March  2,  2012  as  a  private  limited  company under  the  registered  name  MAMMA  HERB  [99]  CO.,  LTD.,   by  Thai groups,  with  the  business  objective  to  manufacture  various  kinds  of  herbal  products  to  domestic  market. It  currently  employs  approximate  50  staff.  

 

The subject’s  registered  address  is  99/242  Moo 7,  T.  Klongphra-Udom,  A. Ladlumkaew,  Pathumthani  12140,  and  this  is  the  subject’s  current  operation  address.  

 

 

THE  BOARD  OF  DIRECTOR

 

     Name

 

Nationality

Age

 

 

 

 

Mrs. Chantamon  Poolnil

[x]

Thai

66

Mr. Kusol  Suksincharnkul

[x]

Thai

45

Mr. Songtham  Suksincharnkul

[x]

Thai

43

Mrs. Prakongsiri  Boonkong

 

Thai

64

Ms. Pornkamolrat  Suksakorn

 

Thai

57

 

 

AUTHORIZED PERSON

 

Any of  the  mentioned  directors  [x]  can  jointly  sign  with  anyone  of  the  rest  directors  on  behalf  of  the  subject  with  company’s  affixed.

 

 

MANAGEMENT

 

Mrs. Chantamon  Poolnil   is  the  Managing  Director.

She  is  Thai  nationality  with  the  age  of  66  years  old.  

 

 

BUSINESS OPERATIONS

 

The  subject  is  engaged  in  manufacturing  and  distributing  various  kinds  of  Thai  herbal   products,  mainly  hair  shampoo,  hair  treatment, hair  conditioner, sesame  oil  extract  and  others  related  products,  under  its  own  brands   MAMMA  HERB   and   MERIT.

 

PURCHASE

100%  of  the  products  is  purchased  from  local  suppliers.

 

SALES 

100%  of  the  products  is  sold  locally  by Siam  Merit  Products  Co.,  Ltd.,  the  related  company.

 

 

RELATED  AND  AFFILIATED  COMPANY

Siam  Merit  Products  Co.,  Ltd.

Business  Type  :  Distributor  of  herbal  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  

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.

 

BANKING

The  subject  has  not  disclosed  its  banker’s  name.

 

EMPLOYMENT

The  subject  currently  employs  approximately  50  staff.  

 

LOCATION  DETAILS

The  premise  is  owned for  administrative  office  and  factory  at  the  heading  address.  Premise  is  located  in  provincial, on  the  outskirts  of  Bangkok.

 

COMMENT

The  subject  was  established  in March  2012  to  manufacture  herbal  products  especially  hair treatment,  such  as  shampoo  and  oil.   The  products  are  from  natural  products  which is  in  trend  from  health  conscious  consumer  to  avoid  chemical  from  other  hair care  products.  However,  it  is  still  in  early  stage  with  no  income  disclosed,  therefore  any  business  engagement  should  be  on  secured  basis  only.

 

 

FINANCIAL INFORMATION

 

The  capital  was  registered  at  Bht. 1,000,000  divided  into  10,000  shares  of  Bht.  100     each  with  fully  paid.

 

On  May  28,  2012,  the  registered  capital  was  increased  to  Bht. 3,000,000  divided  into    30,000  shares  of  Bht. 100  each  with  fully  paid.

 

THE  SHAREHOLDERS  LISTED  WERE  :  [as  at  May  28,  2012]

       NAME

HOLDING

%

 

 

 

Ms. Pornkamolrat  Suksakorn

Nationality:  Thai

Address     :  586  Chan  Rd.,  Thungwatdon,  Sathorn, 

                     Bangkok 

15,000

50.00

Mrs. Chantamon  Poolnil

Nationality:  Thai

Address     :  136/171  Moo  3,  T. Pakkred,  A. Pakkred,

                     Nonthaburi 

7,500

25.00

Mr. Kusol  Suksincharnkul

Nationality:  Thai

Address     :  136/171  Moo  3,  T. Pakkred,  A. Pakkred,

                     Nonthaburi 

3,750

12.50

Mr. Songtham  Suksincharnkul

Nationality:  Thai

Address     :  136/171  Moo  3,  T. Pakkred,  A. Pakkred,

                     Nonthaburi 

3,750

12.50

 

Total  Shareholders  :    4

 

Share  Structure  [as  at  May  28,  2012]

Nationality

Shareholders

No. of  Share

% Shares

 

 

 

 

Thai

4

30,000

100.00

Foreign

-

-

-

 

Total

 

4

 

30,000

 

100.00

 

NAME  OF  AUDITOR  &  CERTIFIED  PUBLIC  ACCOUNTANT  NO. :

None  

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.07

UK Pound

1

Rs.89.54

Euro

1

Rs.72.77

 

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.