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Report Date : |
29.06.2012 |
IDENTIFICATION DETAILS
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Name : |
SIAM
WOODWORKS ENTERPRISE CO.,
LTD. |
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Formerly Known As : |
PROJECT KTT CO.,
LTD
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Registered Office : |
75 Moo 6, Sukhapibal 1 Road, T. Samrongtai, A. Phrapradaeng, Samutprakarn 10130 |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
19.11.2010 |
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Com. Reg. No.: |
0105553143666 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
manufacturer contractor of carton wood packing boxes and wooden packaging products |
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No. of Employees : |
30 |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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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Status : |
Recently commenced 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 |
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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 |
SIAM WOODWORKS
ENTERPRISE CO., LTD.
[FORMER : PROJECT KTT CO., LTD.]
BUSINESS
ADDRESS : 75
MOO 6, SUKHAPIBAL
1 ROAD, T. SAMRONGTAI,
A.
PHRAPRADAENG, SAMUTPRAKARN 10130
TELEPHONE : [66] 2393-8159,
2749-1920
FAX :
[66] 2749-1921
E-MAIL
ADDRESS : mike@siamwoodworks.com
REGISTRATION
ADDRESS : SAME
AS BUSINESS ADDRESS
ESTABLISHED
: 2010
REGISTRATION
NO. : 0105553143666
TAX
ID NO. : 3034451176
CAPITAL REGISTERED : BHT. 2,500,000
CAPITAL PAID-UP : BHT.
2,500,000
SHAREHOLDER’S PROPORTION : THAI : 100%
FISCAL YEAR CLOSING DATE : DECEMBER 31
LEGAL
STATUS : PRIVATE LIMITED
COMPANY
EXECUTIVE : MS.
THANITA THANGPREDANANT, THAI
MANAGING DIRECTOR
NO.
OF STAFF : 30
LINES
OF BUSINESS : CARTON WOOD
PACKING BOXES AND
WOODEN PACKAGING
PRODUCTS
MANUFACTURE CONTRACTOR
OPERATING
TREND : STABLE
PRESENT
SITUATION : OPERATING NORMALLY
REPUTATION : -
MANAGEMENT
STANDARD : -
The
subject was established
on November 19,
2010 as a
private limited company
under the originally
registered name “Project
KTT Co., Ltd.”
by Thai groups, with the
business objective to
provide manufacturing service wide
range of carton
wood packing boxes
and wooden packaging
products to both
domestic and overseas markets.
On
April 8, 2011,
its registered name
was changed to
SIAM WOODWORKS ENTERPRISE
CO., LTD. It
currently employs approximately
30 staff.
The
subject’s registered address
is 75 Moo
6, Sukhapibal 1
Rd., T. Samrongtai,
A. Phrapradaeng, Samutprakarn
10130, and this
is the subject’s
current operation address.
|
Name |
|
Nationality |
Age |
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|
|
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Ms. Thanita Thangpredanant |
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Thai |
29 |
|
Ms. Kesuda Thangpredanant |
|
Thai |
39 |
|
Ms. Thanarat Thangpredanant |
|
Thai |
35 |
Any of the
above directors can
sign on behalf
of the subject
with company’s affixed.
Ms. Thanita Thangpredanant is
the Managing Director.
She is Thai
nationality with the
age of 29 years
old.
The subject
is engaged in
manufacturing service wide
range of carton
wood packing boxes
and wooden packaging
products for variety
of industries, such
as music instrument,
furniture, confectionery and
other industries.
The subject
has started its
commercial business activities
in 2011.
PURCHASE
100%
of raw materials
and accessories are
purchased from local
suppliers.
MAJOR
SUPPLIER
Thai Fancy Wood
Co., Ltd. : Thailand
SALES/SERVICES
The products are
sold and serviced
to both local
and overseas customers
mainly in U.S.A. and
Singapore.
MAJOR CUSTOMER
KMC Music Inc. : U.S.A.
L.A. Burdick Inc. : U.S.A.
RELATED AND AFFILIATED
COMPANY
Thai Fancy Wood
Co., Ltd.
Business Type :
Manufacturer and distributor
of furniture
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.
Exports are against
T/T on negotiated
terms.
BANKING
The
banker’s name was
not disclosed.
EMPLOYMENT
The
subject employs approximately
30 office staff
and factory workers.
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.
Branch
office is located
at 351 Bangna-Trad 12 Rd.,
Bangna, Bangkok 10260.
COMMENT
The
subject is considered
as a newly
established firm providing
of manufacturing service
of carton wood
packing boxes and
wooden packaging products
to both domestic and overseas markets.
The subject reported
no income in
2010 because its
business activity has
actually been started
in 2011. With
no revenue information
available in 2011,
the small credit
amount should be
treated on a
secured basis only.
The
capital was registered
at Bht. 500,000 divided
into 5,000 shares of
Bht. 100 each
with fully paid.
On
April 8, 2011,
the capital was
increased to Bht.
2,500,000 divided into
25,000 shares of
Bht. 100 each with
fully paid.
THE
SHAREHOLDERS LISTED WERE
: [as at April
30, 2011]
|
NAME |
HOLDING |
% |
|
|
|
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Ms. Thanita Thangpredanant Nationality: Thai Address : 92
Soi Udomsuk 51,
Bangchak,
Prakanong, Bangkok |
10,000 |
40.00 |
|
Ms. Thanarat Thangpredanant Nationality: Thai Address :
92 Soi Udomsuk
51, Bangchak,
Prakanong, Bangkok |
7,500 |
30.00 |
|
Ms. Kesuda Thangpredanant Nationality: Thai Address : 92
Soi Udomsuk 51,
Bangchak,
Prakanong, Bangkok |
7,500 |
30.00 |
Total Shareholders : 3
Share Structure [as
at April 30,
2011]
|
Nationality |
Shareholders |
No. of Share |
% Shares |
|
|
|
|
|
|
Thai |
3 |
25,000 |
100.00 |
|
Foreign |
- |
- |
- |
|
Total |
3 |
25,000 |
100.00 |
NAME OF AUDITOR &
CERTIFIED PUBLIC ACCOUNTANT NO. :
Mr. Sornchai Tanpairoh No.
8181
Note:
The 2011 financial
statement was submitted
to the Commercial Registration Department.
However, it was
not available for
the public to
access information for
a time being.
The
latest financial figures
published for December
31, 2010 was :
ASSETS
|
Current Assets |
2010 |
|
|
|
|
Cash in Hand |
490,000.00 |
|
Total Current Assets
|
490,000.00 |
|
Total Assets |
490,000.00 |
LIABILITIES &
SHAREHOLDERS’ EQUITY [BAHT]
|
Current
Liabilities |
2010 |
|
|
|
|
Other Current Liabilities |
5,000.00 |
|
Total Current Liabilities |
5,000.00 |
|
Total Liabilities |
5,000.00 |
|
|
|
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Shareholders' Equity |
|
|
|
|
|
Share capital : Baht 100
par value authorized, issued
and fully paid share
capital 5,000 shares |
500,000.00 |
|
Capital Paid |
500,000.00 |
|
Retained Earning -
Unappropriated |
[15,000.00] |
|
Total Shareholders' Equity |
485,000.00 |
|
Total Liabilities & Shareholders' Equity |
490,000.00 |
|
Revenue |
Nov. 19,
2010 - Dec. 31,
2010 |
|
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Other Income |
- |
|
Total Revenues |
- |
|
Expenses |
|
|
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Other Expenses |
15,000.00 |
|
Total Expenses |
15,000.00 |
|
Net Profit / [Loss] |
[15,000.00] |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.92 |
|
UK Pound |
1 |
Rs.88.91 |
|
Euro |
1 |
Rs.71.25 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.