|
Report Date : |
18.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
3V ENGINEERING SOLUTIONS CO., LTD. |
|
|
|
|
Registered Office : |
31/13 Moo 1, T. Bangkaew, A. Bangplee, Samutprakarn 10540 |
|
|
|
|
Country : |
Thailand |
|
|
|
|
Date of Incorporation : |
09.01.2013 |
|
|
|
|
Com. Reg. No.: |
0115556000505 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Manufacturer and Distributor of Engine Air Filters |
|
|
|
|
No. of Employees : |
3 |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
-- |
NB |
New Business |
-- |
|
Status : |
New Business |
|
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 – 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
3V
ENGINEERING SOLUTIONS CO.,
LTD.
BUSINESS
ADDRESS : 73
SOI LASALLE 79,
SUKHUMVIT ROAD,
BANGNA, BANGKOK
10260
TELEPHONE : [66] 2748-6977
FAX :
[66] 2748-6978
E-MAIL
ADDRESS : -
REGISTRATION
ADDRESS : 31/13
MOO 1, T. BANGKAEW,
A. BANGPLEE,
SAMUTPRAKARN 10540,
THAILAND
ESTABLISHED
: 2013
REGISTRATION
NO. : 0115556000505
TAX
ID NO. : 3035558881
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. TAVATCHAI SATIENRATTANAKUL, THAI
MANAGING DIRECTOR
NO.
OF STAFF : 3
LINES
OF BUSINESS : ENGINE AIR
FILTERS
MANUFACTURER AND
DISTRIBUTOR
OPERATING
TREND : EARLY
STAGE
PRESENT
SITUATION : -
REPUTATION : -
MANAGEMENT
STANDARD : -
The
subject was established
on January 9,
2013 as a
private limited company under
the registered name
3V ENGINEERING SOLUTIONS
CO., LTD., by
Thai groups, with the business
objective to manufacture
air filters for
automotive industry. However,
its production is
expected to start
in the late
2013.
The
subject’s registered address
is 31/13 Moo
1, T. Bangkaew, A.
Bangplee, Samutprakarn 10540,
while the current
business address is
73 Soi Lasalle
79, Sukhumvit Rd.,
Bangna, Bangkok 10260.
Mr. Tavatchai Satienrattanakul
The above director
signs on behalf
of the subject
with company’s affixed.
Mr. Tavatchai Satienrattanakul is
the Managing Director.
He is Thai
nationality with the
age of 45
years old.
The subject
aims to operate
as a manufacturer
of air filters
for automotive industry.
PURCHASE
100%
of purchasing is
from local supplier.
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.
Local bills are
paid by cash
or on the
credits term of
30-60 days.
Kasikornbank
Public Co., Ltd.
The
subject currently employs
3 staff.
The
premise is rented
for administrative office
at the heading
address. Premise is
located in commercial/residential area.
Factory
is located at
31/13 Moo 1, T.
Bangkaew, A. Bangplee, Samutprakarn
10540.
Tel. :
[66] 2753-5488.
The
subject was established
on January 9,
2013. It aims
to be a
manufacturer of air filters for
automotive industry. However,
its production is
expected to be started in
the late of
this year.
The
subject is in a
early stage with
no activity by
the time being.
Any business engagement
is not recommended.
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
January 9, 2013]
|
NAME |
HOLDING |
% |
|
|
|
|
|
Mr. Tavatchai Satienrattanakul Nationality: Thai Address : 88/163
Moo 4, T. Bangpleeyai, A.
Bangplee, Samutprakarn |
7,000 |
70.00 |
|
Ms. Patchara Poolsuk Nationality: Thai Address : 1/221
Moo 2, T. Taiban,
A. Muang, Samutprakarn
|
2,000 |
20.00 |
|
Mr. Thanachai Satienrattanakul Nationality: Thai Address : 31/13
Moo 1, T. Bangkaew, A.
Bangplee,
Samutprakarn |
1,000 |
10.00 |
Total Shareholders : 3
Share Structure [as
at January 9,
2013]
|
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
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.99 |
|
|
1 |
Rs.83.72 |
|
Euro |
1 |
Rs.72.08 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.