MIRA INFORM REPORT

 

 

Report Date :

02.04.2013

 

IDENTIFICATION DETAILS

 

Name :

54  GROUP  CO.,  LTD.

 

 

Registered Office :

113  Soi  Charoennakorn  12,  Charoennakorn  Road,  Klongtonsai,  Klongsan, 

Bangkok  10600

 

 

Country :

Thailand

 

 

Date of Incorporation :

05.01.2012

 

 

Com. Reg. No.:

0105555001109

 

 

Legal Form :

Private  Limited  Company

 

 

Line of Business :

Design  and  Installation  Contractor of Communication  System  Works

 

 

No. of Employees :

20

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

New Business

Payment Behaviour :

Slow but correct

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

(31.03.2011)

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 

 

54  GROUP  CO.,  LTD.

 

 

SUMMARY

 

BUSINESS  ADDRESS                          :           113  SOI  CHAROENNAKORN  12, 

CHAROENNAKORN  ROAD, 

KLONGTONSAI,  KLONGSAN, 

BANGKOK  10600,  THAILAND

TELEPHONE                                         :           [66]   2438-0608,  089  699-5199

FAX                                                      :           [66]   2438-0606

E-MAIL  ADDRESS                                :           -

REGISTRATION  ADDRESS                  :           SAME  AS  BUSINESS  ADDRESS

 

ESTABLISHED                                     :           2012

REGISTRATION  NO.                           :           0105555001109

TAX  ID  NO.                                         :           3034829203

CAPITAL REGISTERED                         :           BHT.   5,000,000

CAPITAL PAID-UP                                :           BHT.   5,000,000

SHAREHOLDER’S  PROPORTION         :           THAI       :     100%

FISCAL YEAR CLOSING DATE              :           -            

LEGAL  STATUS                                  :           PRIVATE  LIMITED  COMPANY

EXECUTIVE                                          :           MR. SAWAT  TISAYAVORN,  THAI

                                                                        MANAGING  DIRECTOR           

 

NO.  OF  STAFF                                   :           20

LINES  OF  BUSINESS                          :           COMMUNICATION  SYSTEM  WORKS

                                                                        DESIGN  AND  INSTALLATION  CONTRACTOR

                                                                         

                                                                         

CORPORATE  PROFILE

 

OPERATING  TREND                            :           STABLE                       

PRESENT  SITUATION                          :           OPERATING  NORMALLY                     

REPUTATION                                       :           -

MANAGEMENT  STANDARD                 :           -

 

 

 

 

HISTORY

 

The  subject  was  established  on  January  5,  2012  as  a  private  limited  company  under  the  registered  name  54  GROUP  CO.,  LTD.  by  Thai groups,  with  the  business  objective  to  provide  design  and  installation  services  for  communication  system  works.  It  currently  employs  approximately  20  staff.  

 

The  subject’s  registered  address  is  113  Soi  Charoennakorn  12,  Charoennakorn  Rd.,  Klongtonsai,  Klongsan,  Bangkok  10600,  and  this  is  the  subject’s  current  operation  address.  

 

 

THE  BOARD  OF  DIRECTOR

 

     Name

 

Nationality

Age

 

 

 

 

Mr. Sawat  Tisayavorn

 

Thai

65

Mrs. Apiradee  Karankittikun

 

Thai

52

 

 

AUTHORIZED  PERSON

 

One  of  the  above  directors  can  sign  on  behalf  of  the  subject  with  company’s  affixed.

 

 

MANAGEMENT

 

Mr. Sawat  Tisayavorn   is  the  Managing  Director.

He  is  Thai  nationality  with  the  age  of  65  years  old.  

 

 

BUSINESS  OPERATIONS

 

The  subject  is  engaged  in  designing  and  installing  of  communication  system  works.

 

PURCHASE

 

100%  of  communication  equipment  is  purchased  from  local  suppliers.

 

SERVICES

 

100%  of  its   services  is  for   local  communication  business  operators.

 

MAJOR  CUSTOMER

 

TOT  Public  Company  Limited

Advance  Info  Service  Public  Company  Limited

Total  Access  Communication  Public  Company  Limited

True  Corporation  Public  Company  Limited

 

 

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  

 

Services  are  by  cash  or  on  the  credits  term  of  30-60-90  days.

Local  bills  are  paid  by  cash  or  on  the  credits  term  of  30-60  days.

 

 

BANKING

 

Bangkok  Bank  Public  Co.,  Ltd.

 

 

EMPLOYMENT

 

The  subject  currently  employs  approximately  20  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  considered  as  a  new  player  in  the  market  which  has  been  established  for  just  one year.   Its  business  outlook  is  promising  in  line  with  a high  demand  of  the  communication  system  works  to  support  the  3G  system  of  the  leading  communication  business  operators  this  year,  and  4G  in the  following  year.  Its   business  has  a  good  prospect.

 

 

FINANCIAL  INFORMATION

 

The  capital  was  registered  at  Bht. 500,000  divided  into  5,000  shares  of  Bht.  100   each  with  fully  paid.

The  capital  was  increased  later  as  follows:

 

            Bht.  1,000,000  on  January  25,  2012

            Bht.  5,000,000  on  April  11,  2012

 

The  latest  registered  capital  was  increased  to  Bht. 5,000,000  divided  into  50,000  shares  of  Bht. 100  each  with  fully  paid.

 

THE  SHAREHOLDERS  LISTED  WERE  :  [as  at  September  18,  2012]

 

       NAME

HOLDING

%

 

 

 

Mrs. Apiradee  Karankittikun

Nationality:  Thai

Address     :  34/2  Moo  17,  T. Thasae,  A. Thasae, 

                     Chumporn

40,000

80.00

Mrs. Vanida  Saekuay

Nationality:  Thai

Address     :  139/176  Moo  1,  Thungkru,   Bangkok 

5,000

10.00

Mr. Sawat  Tisayavorn

Nationality:  Thai

Address     :  504/40  Bangkhunthien-Chaitalay  Rd.,

                     Samaedam,  Bangkhunthien,  Bangkok

4,000

8.00

Mr. Prinya  Thanyapirat

Nationality:  Thai

Address     :  56  Moo  9,    T. Thasae,  A. Thasae, 

                     Chumporn

1,000

2.00

 

Total  Shareholders  :  4

 

Share  Structure  [as  at  September  18,  2012]

 

Nationality

Shareholders

No. of  Share

% Shares

 

 

 

 

Thai

4

50,000

100.00

Foreign

-

-

-

 

Total

 

4

 

50,000

 

100.00

 

NAME  OF  AUDITOR  &  CERTIFIED  PUBLIC  ACCOUNTANT  NO. :

 

None

 

Note:

 

The  company’s  2012  financial  statement  was  not  submitted  during  investigation.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.39

UK Pound

1

Rs.82.32

Euro

1

Rs.69.54

 

 

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.