MIRA INFORM REPORT

 

 

Report Date :

22.05.2012

 

IDENTIFICATION DETAILS

 

Name :

ATIVA  PHARMACEUTICALS  CO.,  LTD.

 

 

Registered Office :

549/360  Soi  Jaransanitwong 37, Jaransanitwong  Road,  Bangkhunsri, Bangkoknoi,  Bangkok  10700

 

 

Country :

Thailand

 

 

Date of Incorporation :

19.01.2012

 

 

Com. Reg. No.:

0105555008308

 

 

Legal Form :

Private  Limited  Company

 

 

Line of Business :

Importer  and  distributor of Pharmaceutical  products

 

 

No. of Employees :

08

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

----

NB

New Business

----

 

Status :

New company

 

 

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 – 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

 

 


Company name

 

ATIVA  PHARMACEUTICALS  CO.,  LTD.

 

 

SUMMARY

 

BUSINESS  ADDRESS                          :           252/25  JARANSANITWONG ROAD,  BANCHANGLOR,

                                                                        BANGKOKNOI,  BANGKOK  10700,  THAILAND

TELEPHONE                                         :           [66]   2411-6114-7,  081  617-6184

FAX                                                      :           [66]   2411-6118

E-MAIL  ADDRESS                                :           saridphong@yahoo.com

REGISTRATION  ADDRESS                  :           549/360  SOI  JARANSANITWONG 37,

JARANSANITWONG  ROAD,  BANGKHUNSRI,

                                                                        BANGKOKNOI,  BANGKOK  10700,  THAILAND

ESTABLISHED                                     :           2012    

REGISTRATION  NO.                           :           0105555008308

TAX  ID  NO.                                         :           3034853154

CAPITAL REGISTERED                         :           BHT.   3,000,000

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

SHAREHOLDER’S  PROPORTION         :           THAI     :   51%

                                                                        INDIAN  :   49%

FISCAL YEAR CLOSING DATE              :           -            

LEGAL  STATUS                                  :           PRIVATE  LIMITED  COMPANY

EXECUTIVE                                          :           MR. SARIDPHONG  MEKWORAWUTH,  THAI

                                                                        MANAGING  DIRECTOR           

NO.  OF  STAFF                                   :           8

LINES  OF  BUSINESS                          :           PHARMACEUTICAL  PRODUCTS

                                                                        IMPORTER  AND  DISTRIBUTOR

                                                                         

 

CORPORATE PROFILE

 

OPERATING  TREND                            :           EARLY  STAGE                       

PRESENT  SITUATION                          :           -                      

REPUTATION                                       :           -

MANAGEMENT  STANDARD                 :           -                      

 

 

 

 

 

 

 


HISTORY

 

The  subject  was  established  on  January  19,  2012  as  a  private  limited  company under  the  registered  name  ATIVA  PHARMACEUTICALS  CO.,  LTD.,  by  Thai and  Indian  groups,  with  the  business  objective  to distribute  wide  range  of  human  pharmaceutical  products  to  domestic  market.  It  currently  employs  8  staff.  

 

The  subject’s  registered  address  is 549/360  Soi  Jaransanitwong 37,  Jaransanitwong Rd.,  Bangkhunsri, Bangkoknoi,  Bangkok  10700,  while  the  subject’s  current  operation  address  is  at  252/25  Jaransanitwong Rd.,  Banchanglor, Bangkoknoi,  Bangkok  10700.  

 

 

THE BOARD OF DIRECTOR

 

     Name

 

Nationality

Age

 

 

 

 

Mr. Prawit  Plaimas

 

Thai

32

Mr. Saridphong  Mekworawuth

 

Thai

36

Mr. Nirav  Vikram  Maniar

 

Indian

36

 

 

AUTHORIZED PERSON

 

Any  two  of  the  above  directors  can  jointly  sign  on  behalf  of  the  subject  with  company’s  affixed.

 

 

MANAGEMENT

 

Mr. Saridphong  Mekworawuth  is  the  Managing  Director.

He  is  Thai  nationality  with  the  age  of  36  years  old.

 

 

BUSINESS OPERATIONS

 

The subject is  engaged  in  importing  and  distributing wide  range  of  human pharmaceutical products  including  Antibiotics,  Antihypertensive,  Antianginals,  Anticoagulants, Neuromuscular  Disorder  drug,  Anti-ulcerants,  Nootropic,  Neurotonic  and  etc.

 

PURCHASE

Most  of  the  products  are  imported  from  India,  the  remaining  is  purchased  from  local  suppliers  and  agents.

 

MAJOR  SUPPLIERS

Cadila  Healthcare  Pvt. Ltd.                                :  India

F D C  Limited                                                   :  India

Kaspa  Pharmaceutical  [Thailand]  Co.,  Ltd.       :  Thailand


 

SALES 

100%  of  the  products  is  sold  locally  to  wholesalers  and  end-users,  mainly   hospital  both  private  and  government.

 

SUBSIDIARY  AND  AFFILIATED  COMPANY

Kaspa  Pharmaceutical  [Thailand]  Co.,  Ltd.

Business  Type  :  Importer  and  distributor  of  pharmaceutical  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.

Imports  are  by  T/T.

 

BANKING

The  banker’s  name  was  not  disclosed.

 

EMPLOYMENT

The  subject  employs  8  staff.  

 

LOCATION  DETAILS

The  premise  is  rented  for  administrative  office  at  the  heading  address.  Premise  is  located  in  commercial/residential  area.

 

COMMENT

The  subject  is  newly established  company  engaged in  importing  and distributing of  pharmaceuticals  for  domestic  consumption.  Subject is  in  early  stage operation  therefore any  business engagement  should  be  on  secured  basis only.

 

 

FINANCIAL INFORMATION

 

The  capital  was  registered  at  Bht. 3,000,000 divided  into 600,000 shares of  Bht.  5  each  with  fully  paid.

 

THE  SHAREHOLDERS  LISTED  WERE  :  [as  at  December  24,  2011]

       NAME

HOLDING

%

 

 

 

Mr. Nirav  Vikram  Maniar

Nationality:  Indian

Address     :  Mumbai,  India

234,000

39.00

Mr. Saridphong  Mekworawuth

Nationality:  Thai

Address     :  549/360  Soi  Jaransanitwong  37, 

                     Jaransanitwong Rd.,  Bangkhunsri, 

                     Bangkoknoi, Bangkok

210,000

35.00

Mr. Prawit  Plaimas

Nationality:  Thai

Address     :  14/2858  Moo  1,  Bangbuathong, 

                     Nonthaburi

  96,000

16.00

Mr. Suched  Rastoji

Nationality:  Indian

Address     :  Mumbai,  India

  60,000

10.00

 

Total  Shareholders  :   4

 

Share  Structure  [as  at  December  24,  2011]

Nationality

Shareholders

No. of  Share

% Shares

 

 

 

 

Thai

2

306,000

51.00

Foreign  -  Indian

2

294,000

49.00

 

Total

 

4

 

600,000

 

100.00

 

NAME  OF  AUDITOR  &  CERTIFIED  PUBLIC  ACCOUNTANT  NO. :

None

 

Note

Due  to  the  subject  has  been established  in  2012,  therefore  financial  information   has  not  yet  available.


FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.54.68

UK Pound

1

Rs.86.52

Euro

1

Rs.69.86

 

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.