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Report Date : |
21.09.2012 |
IDENTIFICATION DETAILS
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Name : |
K AUTOWORKS CO., LTD. |
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Registered Office : |
Suite 2980 N, 29th Floor, The Offices At Central World Building, 999/9 Rama 1 Road, Pathumwan, Bangkok 10330 |
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Country : |
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Date of Incorporation : |
08.06.2012 |
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Com. Reg. No.: |
0105555082974 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Distributor of Automobile Parts and Car Accessories |
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No. of Employees : |
2 |
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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 – March 31st, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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
K
AUTOWORKS CO., LTD.
BUSINESS
ADDRESS : SUITE
2980 N, 29th FLOOR,
THE OFFICES
AT CENTRAL WORLD
BUILDING,
999/9 RAMA
1 ROAD, PATHUMWAN,
BANGKOK 10330
TELEPHONE : [66] 2458-2013
FAX :
[66] 2868-0029
E-MAIL
ADDRESS : -
REGISTRATION
ADDRESS : SAME AS
BUSINESS ADDRESS
ESTABLISHED
: 2012
REGISTRATION
NO. : 0105555082974
TAX
ID NO. : 3035126424
CAPITAL REGISTERED : BHT. 1,000,000
CAPITAL PAID-UP : BHT. 250,000
SHAREHOLDER’S PROPORTION : THAI : 100%
FISCAL YEAR CLOSING DATE : -
LEGAL
STATUS : PRIVATE LIMITED
COMPANY
EXECUTIVE : MRS. NARISA SAJJAMIT,
THAI
MANAGING DIRECTOR
NO.
OF STAFF : 2
LINES
OF BUSINESS : AUTOMOBILE PARTS
AND CAR ACCESSORIES
DISTRIBUTOR
OPERATING
TREND : EARLY
STAGE
PRESENT
SITUATION : -
REPUTATION : -
MANAGEMENT
STANDARD : -
The
subject was established
on June 8,
2012 as a
private limited company
under the registered
name K AUTOWORKS
CO., LTD. by
Thai group, Sajjamit
family, with the
business objective to
distribute automobile parts
and car accessories to domestic
market. It currently
employs 2 staff.
The
subject’s registered address
is Suite 2980 N, 29th Flr., 999/9 The
Offices At Central
World Building, Rama
1 Rd., Pathumwan,
Bangkok 10330, and
this is the
subject’s current operation
address.
Mrs. Narisa Sajjamit
The above director
can sign on
behalf of the
subject with company’s
affixed.
Mrs. Narisa Sajjamit is
the Managing Director.
She is Thai
nationality with the
age of 56
years old.
The subject
is engaged in
wholesale distributing of
automobile parts, car
accessories and related
equipment. Subject has
started the commercial
business activity in
July 2012.
PURCHASE
100%
of the products
is purchased from
local suppliers.
SALES
100% of the
products is sold
locally by wholesale
to dealers and
end-users, mainly garage
and auto service
centers.
SUBSIDIARY AND AFFILIATED
COMPANY
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.
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.
Kasikornbank
Public Co., Ltd.
The
subject currently employs
2 staff.
The
premise is rented for
administrative office at
the heading address.
Premise is located
in a prime
commercial area.
As a
newly established firm
distributing automobile parts
and car accessories
to local customers,
with no financial
available for a
time being. Small
amount of credit
is to be
granted on a
secured basis only.
The
capital was registered
at Bht. 1,000,000 divided
into 10,000 shares of
Bht. 100 each,
with the capital
paid-up at Bht.
250,000.
THE
SHAREHOLDERS LISTED WERE :
[as
at June 5,
2012] at Bht.
250,000 of capitalization
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NAME |
HOLDING |
% |
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Mrs. Narisa Sajjamit Nationality: Thai Address : 812/13
Charansanitwong 3 Rd.,
Wad Thaphra,
Bangkokyai, Bangkok |
4,000 |
40.00 |
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Ms. Supreeya Sajjamit Nationality: Thai Address : 812/13
Charansanitwong 3 Rd.,
Wad Thaphra,
Bangkokyai, Bangkok |
3,000 |
30.00 |
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Ms. Supatra Sajjamit Nationality: Thai Address : 812/13
Charansanitwong 3 Rd.,
Wad Thaphra,
Bangkokyai, Bangkok |
3,000 |
30.00 |
Total Shareholders : 3
Share Structure [as
at June 5,
2012]
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Nationality |
Shareholders |
No. of Share |
% Shares |
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Thai |
3 |
10,000 |
100.00 |
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Foreign |
- |
- |
- |
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Total |
3 |
10,000 |
100.00 |
NAME OF AUDITOR
& CERTIFIED PUBLIC
ACCOUNTANT NO. :
None
Note
Due to the
subject’s establishment in
June 2012, financial statement
is not available.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.54.34 |
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1 |
Rs.87.91 |
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Euro |
1 |
Rs.70.57 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
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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 |
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-- |
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.