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Report Date : |
02.11.2012 |
IDENTIFICATION DETAILS
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Name : |
OCEANIC
EVOLUTION TRADING CO.,
LTD. |
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Registered Office : |
599/53 Moo 3, T. Bangnon, A. Muang, Ranong 85000 |
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Country : |
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Date of Incorporation : |
13.03.2012 |
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Com. Reg. No.: |
0855555000092 |
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Legal Form : |
Private
Limited Company |
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Line of Business : |
distributor
and exporter of seafood products |
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No. of Employees : |
03 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 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 (31.03.2012) |
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 |
OCEANIC EVOLUTION TRADING CO., LTD.
BUSINESS
ADDRESS : 599/53 MOO
3, T. BANGNON, A. MUANG,
RANONG 85000,
THAILAND
TELEPHONE : [66] 77
824-865, 089 274-2993
FAX :
[66] 77
824-865
E-MAIL
ADDRESS : -
REGISTRATION
ADDRESS : SAME
AS BUSINESS ADDRESS
ESTABLISHED
: 2012
REGISTRATION
NO. : 0855555000092
TAX
ID NO. : -
CAPITAL REGISTERED : BHT. 1,000,000
CAPITAL PAID-UP : BHT.
1,000,000
SHAREHOLDER’S PROPORTION : THAI : 100%
FISCAL YEAR CLOSING DATE : -
LEGAL
STATUS : PRIVATE LIMITED
COMPANY
EXECUTIVE : MR.
METHAS RANGSIYANANT, THAI
MANAGING DIRECTOR
NO.
OF STAFF : 3
LINES
OF BUSINESS : SEAFOOD PRODUCTS
DISTRIBUTOR AND
EXPORTER
OPERATING
TREND : EARLY
STAGE
PRESENT
SITUATION : -
REPUTATION : -
MANAGEMENT
STANDARD : -
The
subject was established
on March 13,
2012 as a
private limited company
by Thai groups, under the
registered name OCEANIC
EVOLUTION TRADING CO.,
LTD., with the
business objective to
distribute various kinds
of seafood products
to both domestic
and oversea markets.
It currently employs
3 staff.
The
subject’s registered address is
599/53 Moo 3, T. Bangnon,
A. Muang, Ranong 85000, and
this is the
subject’s current operation
address.
Mr. Methas Rangsiyanant
The above director
signs on behalf
of the subject
with company’s affixed.
Mr. Methas Rangsiyanant is
the Managing Director.
He is Thai
nationality with the
age of 34
years old.
The
subject is engaged
in distributing and
exporting various kinds
of seafood products,
such as fish,
crab, shrimp and etc.
PURCHASE
100%
of the products
is purchased from
local suppliers.
SALES
The products are
sold to both
local and overseas,
mainly in Myanmar.
SUBSIDIARY AND AFFILIATED
COMPANY
The subject is
not found to
have any subsidiary
or affiliated company
here in Thailand.
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 credit term
of 30 days.
Local bills are
paid by cash
or on the
credit term of
30 days.
Exports are against
T/T.
BANKING
The
banker’s name was
not disclosed.
EMPLOYMENT
The
subject currently employs
3 staff.
LOCATION
DETAILS
The
premise is rented
for administrative office
and cold storage
at the heading
address. Premise is
located in provincial,
the Southern region
of Thailand.
COMMENT
The
subject is a
newly established company in
March 2012, its
operation is in
early stage. The
subject’s business remains
at slow pace.
The
capital was registered
at Bht. 1,000,000 divided into 10,000 shares of
Bht. 100 each with
fully paid.
THE
SHAREHOLDERS LISTED WERE
: [as at
March 12, 2012]
|
NAME |
HOLDING |
% |
|
|
|
|
|
Mr. Methas Rangsiyanant Nationality: Thai Address : 99/121
Moo 10, Bangkrang,
Muang, Nonthaburi |
9,998 |
99.98 |
|
Mr. Boripat Chantakul Nationality: Thai Address : 9/32
Moo 7, Mahasawad,
Bangkruay,
Nonthaburi |
1 |
0.01 |
|
Mr. Arnat Anisong Nationality: Thai Address : 99/121
Moo 10, Bangkrang,
Muang, Nonthaburi |
1 |
0.01 |
Total Shareholders : 3
Share Structure [as
at March 12,
2012]
|
Nationality |
Shareholders |
No. of Share |
% Shares |
|
|
|
|
|
|
Thai |
3 |
10,000 |
100.00 |
|
Foreign |
- |
- |
- |
|
Total |
3 |
10,000 |
100.00 |
NAME OF AUDITOR
& CERTIFIED PUBLIC
ACCOUNTANT NO.:
None
Note:
Due to the
subject was established
in 2012, therefore
financial statement was
not available.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.79 |
|
UK Pound |
1 |
Rs.86.77 |
|
Euro |
1 |
Rs.69.71 |
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.