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Report Date : |
29.12.2012 |
IDENTIFICATION DETAILS
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Name : |
THAIN RICE CO., LTD. |
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Registered Office : |
4/1 Soi Ladprao
52 [Nives 2], Kwaeng
Wangthonglang, Khet Wangthonglang, |
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Country : |
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Date of Incorporation : |
28.09.2012 |
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Com. Reg. No.: |
0105555145437 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer and Exporter of Rice |
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No. of Employees : |
5 |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Thailand |
B1 |
B1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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
THAIN
RICE CO., LTD.
BUSINESS
ADDRESS : 4/1
SOI LADPRAO 52 [NIVES
2],
KWAENG WANGTHONGLANG,
KHET WANGTHONGLANG,
BANGKOK 10310,
THAILAND
TELEPHONE : [66] 084
681-6272
FAX :
-
E-MAIL
ADDRESS : yuvraj.abac@gmail.com
REGISTRATION
ADDRESS : SAME
AS BUSINESS ADDRESS
ESTABLISHED
: 2012
REGISTRATION
NO. : 0105555145437
TAX
ID NO. : -
CAPITAL REGISTERED : BHT. 2,000,000
CAPITAL PAID-UP : BHT.
2,000,000
SHAREHOLDER’S PROPORTION : INDIAN :
100%
FISCAL YEAR CLOSING DATE : DECEMBER 31
LEGAL
STATUS : PRIVATE LIMITED
COMPANY
EXECUTIVE : MR
YUVRAJ SINGH RAJPOOT,
INDIAN
MANAGING DIRECTOR
NO.
OF STAFF : 5
LINES
OF BUSINESS : RICE
IMPORTER AND
EXPORTER
OPERATING
TREND : EARLY
STAGE
PRESENT
SITUATION : OPERATING NORMALLY
REPUTATION : -
MANAGEMENT
STANDARD : -
The
subject was established on September 28,
2012 as a
private limited company under
the registered name
THAIN RICE CO.,
LTD., by Indian
groups, with the
business objective is
import, distribute and
export various kinds
of rice. It
currently employs 5
staff.
The subject’s registered address was initially
located at 24/1 Ramkhamhaeng Rd.,
Huamark, Bangkapi, Bangkok
10240.
Later,
its registered address
was relocated to 4/1 Soi
Ladprao 52 [Nives 2],
Kwaeng Wangthonglang, Khet
Wangthonglang, Bangkok 10310,
and this is
the subject’s current
operation address.
Mr. Yuvraj Singh Rajpoot
The above director
signs on behalf
of the subject
with company’s affixed.
Mr. Yuvraj Singh Rajpoot
is the Managing
Director.
He is Indian
nationality with the
age of 27 years
old.
The subject
is engaged in
importing, distributing and
re-exporting various kinds
of rice, according
to customer’s requirement.
Its activity has
been started in
recent months.
PURCHASE
Its
products are purchased
from suppliers both
domestic and overseas,
mainly in Vietnam
and India.
EXPORT
Most of the
products are re-exported
to the countries
in Middle East,
Africa, European region,
and the rest
is sold locally.
The subject is
not found to
have any subsidiary
or affiliated company
here in Thailand.
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.
Local bills are
paid by cash.
Imports are by
L/C at sight.
Exports are against
L/C at sight.
Kasikornbank
Public Co., Ltd.
The subject
currently employs 5 staff.
The
premise is rented for
administrative office at
the heading address.
Premise is located
in commercial/residential area.
The
subject is a
newly established company
engaged in rice
trading business. However,
it is in
early stage, any
business engagement should
be on secured
basis.
The
capital was registered
at Bht. 2,000,000 divided
into 20,000 shares of
Bht. 100 each
with fully paid.
THE
SHAREHOLDERS LISTED WERE
: [as at
September 25, 2012]
|
NAME |
HOLDING |
% |
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Mr. Yuvraj Singh Rajpoot Nationality: Indian Address : 136
Ramkhamhaeng 24 Rd.,
Huamark,
Bangkapi, Bangkok |
10,200 |
51.00 |
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Mr. Vaibhav Gupta Nationality: Indian Address : 124-5
Soi Ramkhamhaeng 24 [Yaek
28],
Ramkhamhaeng Rd., Huamark,
Bangkapi, Bangkok |
5,800 |
29.00 |
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Mr. Rathis Goyatan Gishhekidart Nationality: Indian Address : 11/41
Wadthongbangchueknang, Rajapruek
8, Talingchan, Bangkok |
4,000 |
20.00 |
Total Shareholders : 3
Share Structure [as
at September 25,
2012]
|
Nationality |
Shareholders |
No. of Share |
% Shares |
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Thai |
- |
- |
- |
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Foreign-Indian |
3 |
20,000 |
100.00 |
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Total |
3 |
20,000 |
100.00 |
NAME OF AUDITOR
& CERTIFIED PUBLIC
ACCOUNTANT NO. :
None
Note:
The subject was
established in September
2012, therefore financial
information is not
available.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.85 |
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|
1 |
Rs.88.39 |
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Euro |
1 |
Rs.72.63 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 |
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<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.