MIRA INFORM REPORT

 

 

Report Date :

06.11.2012

 

IDENTIFICATION DETAILS

 

Name :

NOBLEGREEN  IMPEX  [THAILAND]  LIMITED  PARTNERSHIP

 

 

Registered Office :

 

314/98  Moo  5,  Soi  127,  Prachauthis  Road, Thungkru,  Bangkok  10140

 

 

 

 

Country :

Thailand

 

 

 

 

Financials (as on) :

31.12.2006

 

 

 

 

Date of Incorporation :

04.05.2005

 

 

 

 

Com. Reg. No.:

0103548017214

 

 

 

 

Legal Form :

Limited  Partnership

 

 

 

 

Line of Business :

Importer  &  Distributor of Frozen  Seafood  Product

 

 

 

 

No. of Employees :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Ceased Operation

Payment Behaviour :

--

Litigation :

--

 

 

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

 

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

 

NOBLEGREEN  IMPEX  [THAILAND]  LIMITED  PARTNERSHIP

 

 

SUMMARY

 

BUSINESS  ADDRESS                          :           -

TELEPHONE                                         :           -

FAX                                                      :           -

REGISTRATION  ADDRESS                  :           314/98  MOO  5,  SOI  127,  PRACHAUTHIS  ROAD,

                                                                        THUNGKRU,  BANGKOK  10140

 

ESTABLISHED                         :           2005

REGISTRATION  NO.                           :           0103548017214  [Former  :  0108134802230]

CAPITAL REGISTERED                         :           BHT.   2,000,000

CAPITAL PAID-UP                                :           BHT.   2,000,000

FISCAL YEAR CLOSING DATE              :           DECEMBER  31

LEGAL  STATUS                                  :           LIMITED  PARTNERSHIP

EXECUTIVE                                          :           MRS.  SURANGKANA  ONRUECHA,   THAI

                                                                        MANAGING  PARTNER

 

NO.  OF  STAFF                                   :           -

LINES  OF  BUSINESS              :           FROZEN  SEAFOOD  PRODUCT

                                                                         IMPORTER  &  DISTRIBUTOR

                                                                         

                                                                         

CORPORATE  PROFILE

 

OPERATING  TREND                            :           -                      

PRESENT  SITUATION              :           CEASING  OPERATION            

REPUTATION                                       :           -

MANAGEMENT  STANDARD                 :           -          

 

 

 

 

 

 

 

HISTORY

 

The  subject  was  established  on  May  4,  2005  as  a  limited  partnership  under  the  name  style  NOBLEGREEN  IMPEX  [THAILAND]  LIMITED  PARTNERSHIP  by Thai  partners,  with  the  business  objective  to  import  and  distribute  frozen  seafood  products  to  local  market.  On  February  27,  2012,  the  subject’s  name  was  revoked  from  the  Commercial  Registration  Department.

 

The  subject’s   registered   address  was   located  at   314/98  Moo  5,  Soi  127,  Prachauthis  Rd.,  Thungkru,  Bangkok  10140. 

 

 

AUTHORIZED PERSON

 

Mrs.  Surangkana  Onruecha  was  the  Managing  Partner,  who  bears  full  financial  responsibilities   by  law.

 

Note:

 

Refer  to  your  given  the  subject’s  address  at  54/35  Vibhavadee  Rangsit  Rd.,  Seekan,  Donmuang,  Bangkok. Please  be  informed  that,  the  above  address  is  untraceable,  and  telephone  company  reported  no  this  address  on  their  lists. 

 

 

COMMENT

 

The  subject  was  not  found  at  the  given  address.  Moreover,  its  name  has been revoked  from  the   Commercial  Registration  Department  since  February 27,  2012.  Therefore,  the  subject  does  not  exist  anymore.  Any  business  engagement  is  not  recommended.

 

 

FINANCIAL  INFORMATION

 

[before  being  revoked  by  the  Registrar  at  the  Commercial  Registration  Department.]

 

The  capital  was  registered  at  Bht.  2,000,000  which  was  carried  by  3  partners  as  follow:   

 

Name                                       Amount

 

Mr.  Boontham  Chitsakorn                                 Bht.      500,000   [unlimited  partner]

Mrs.  Surangkana  Onruecha                              Bht. 1,000,000    [unlimited  partner]

Mr.  Sudchai  Onruecha                          Bht.      500,000

 

On  July  23,  2007,  the  capital  was  held  by  2  persons  as  followed:

 

Name                                       Amount

 

Mrs.  Surangkana  Onruecha                              Bht.  1,500,000    [unlimited  partner]

Mr.  Sudchai  Onruecha                          Bht.      500,000

 

NAME  OF  AUDITOR  &  CERTIFIED  PUBLIC  ACCOUNTANT  NO. :

 

Mr.  Chakkraphan  Mahaploysakul   No.  1004

 

Note:

 

The  2007-2011  financial  statements  were  not  submitted  to  the  Commercial  Registration  Department  during  investigation.

 

 

BALANCE SHEET [BAHT]

 

The  latest  financial  figures  published  for  December  31,  2006  &  2005  were:

          

ASSETS

  

Current Assets

2006

2005

 

 

 

Cash   and  Cash Equivalents          

32,594.32

11,087.91

Short-term  Lending  to  Partner  

995,000.00

1,625,000.00

Inventories                            

472,502.40

-

Goods  under  Transit

817,140.00

393,600.00

Deferred  Interest

-

2,708.33

Other  Current  Assets                  

670,432.42

-

 

 

 

Total  Current  Assets                

2,987,669.14

2,032,396.24

 

 

 

Fixed Assets                        

9,210.05

5,530.29

 

Total  Assets                 

 

2,996,879.19

 

2,037,926.53

LIABILITIES & SHAREHOLDERS’ EQUITY [BAHT]

 

 

Current Liabilities

2006

2005

 

 

 

Trade  Accounts & Other Payable

314,071.29

-

Accrued  Consultant  Fee 

600,000.00

-

Other  Current  Liabilities             

39,277.90

19,821.66

 

 

 

Total Current Liabilities

953,349.19

19,821.66

 

Total Liabilities

 

953,349.19

 

19,821.66

 

 

 

Shareholders' Equity

 

 

 

 

 

Capital  Paid                      

2,000,000.00

2,000,000.00

Retained  Earning  - Unappropriated 

43,530.00

18,104.87

 

Total Shareholders' Equity 

 

2,043,530.00

 

2,018,104.87

 

Total Liabilities  &  Shareholders'  Equity

 

2,996,879.19

 

2,037,926.53

 

 

PROFIT  &  LOSS  ACCOUNT

 

Revenue

2006

May  4,  2005 –

Dec.  31,  2005

 

 

 

Sales                                         

2,840,781.54

909,246.35

Other  Income                 

206,917.36

2,739.94

 

Total  Revenues           

 

3,047,398.90

 

911,986.29

 

Expenses

 

 

 

 

 

Cost  of  Goods  Sold                  

2,138,889.13

828,138.69

Selling  and  Administrative  Expenses

875,933.28

61,701.07

 

Total Expenses             

 

3,014,822.41

 

889,839.76

 

 

 

Profit / [Loss]  before  Income Tax

32,576.49

22,146.53

Income Tax

[7,151.36]

[4,041.66]

 

Net  Profit / [Loss]

 

25,425.13

 

18,104.87

Retained  Earning,  Beginning  of  Year

18,104.87

-

 

Retained  Earning,  End  of  Year

 

43,530.00

 

18,104.87

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.08

UK Pound

1

Rs.86.68

Euro

1

Rs.69.36

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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.