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Report Date : |
08.01.2013 |
IDENTIFICATION DETAILS
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Name : |
CPD SERVICES INTERNATIONAL LIMITED |
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Registered Office : |
Unit 3-4, 15th Floor, K Tower B, 209/1 Sukhumvit 21 [Asoke] Road, Klongtoey Nua, Wattana, Bangkok 10110, |
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Country : |
Thailand |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
29.01.2007 |
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Com. Reg. No.: |
0105550010215 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Holding Company |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
No Business Activity |
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Payment Behaviour : |
-- |
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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 |
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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
CPD
SERVICES INTERNATIONAL LIMITED
BUSINESS
ADDRESS : UNIT
3-4, 15th FLOOR,
K TOWER B,
209/1 SUKHUMVIT
21 [ASOKE] ROAD,
KLONGTOEY NUA,
WATTANA,
BANGKOK 10110,
THAILAND
TELEPHONE : [66]
2664-2790
FAX :
[66] 2664-2190
E-MAIL
ADDRESS : info@cpd.vg
REGISTRATION
ADDRESS : SAME
AS BUSINESS ADDRESS
ESTABLISHED
: 2007
REGISTRATION
NO. : 0105550010215
TAX
ID NO. : 3032518130
CAPITAL REGISTERED : BHT. 200,000
CAPITAL PAID-UP : BHT.
200,000
SHAREHOLDER’S PROPORTION : THAI :
51%
FOREIGN :
49%
FISCAL YEAR CLOSING DATE : DECEMBER 31
LEGAL
STATUS : PRIVATE LIMITED
COMPANY
EXECUTIVE : MR. PAUL JOHN
GRANT, BRITISH
MANAGING DIRECTOR
NO.
OF STAFF : -
LINES
OF BUSINESS : HOLDING COMPANY
OPERATING
TREND : STABLE
PRESENT
SITUATION : OPERATING NORMALLY
REPUTATION : -
MANAGEMENT
STANDARD : -
The
subject was established on January
29, 2007 as
a private limited
company under the registered
name CPD SERVICES
INTERNATIONAL LIMITED, by
Thai and Foreign groups, with
the objective to
be engaged in
investment.
The
subject’s registered address
is Unit 3-4, 15th Floor,
K Tower B, 209/1
Sukhumvit 21 [Asoke] Rd., Klongtoey Nua, Wattana, Bangkok 10110, and
this is the
subject’s current operation
address.
|
Name |
|
Nationality |
Age |
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|
Mr. Paul John Grant |
[x] |
British |
43 |
|
Mr. Dean Warren Masters |
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New Zealander |
46 |
|
Ms. Somkid Jaebkratoke |
|
Thai |
40 |
Only the mentioned
director [x] signs
on behalf of
the subject with
company’s affixed.
Mr. Paul
John Grant is
the Managing Director.
He
is British nationality
with the age
of 43 years
old.
The
subject is a
holding company and
investment in CPD
International Co., Ltd.,
an affiliated company,
with the business
objective is providing
management consulting and
related services in
the field of oil
and gas industries.
Subject
is a holding
and investment company.
However, it reported zero
income in the
past two years.
Any business engagement is
not recommended.
The
capital was registered
at Bht. 200,000
divided into 200
shares of Bht.
1,000 each with
fully paid.
THE
SHAREHOLDERS LISTED WERE
: [as at
April 30, 2011]
|
NAME |
HOLDING |
% |
|
|
|
|
|
Ms. Somkid Jaebkratoke Nationality: Thai Address : 108/3
Moo 4, Chakraraj,
Nakornratchasima |
97 |
48.50 |
|
Mr. Paul John Grant Nationality: British Address : 239
Sukhumvit 16 Rd.,
Klongtoey Nua,
Wattana, Bangkok |
49 |
24.50 |
|
Mr. Dean Warren Masters Nationality: New Zealander Address : 161
Power-am Street, New
Plymouth, New Zealand |
49 |
24.50 |
|
Mr. Chaiyuth Hemha Nationality: Thai Address : 22/27
Moo 11, Nongnamsai,
Seekiw,
Nakornratchasima |
1 |
0.50 |
|
Mrs. Thidarat Pongpakpaibul Nationality: Thai Address : 126/53
Moo 3, Bangkhunthien,
Jomthong, Bangkok |
1 |
0.50 |
|
Mrs. Orathai Thapsing Nationality: Thai Address : 6
Puengmee 27 Rd.,
Bangchak, Prakanong, Bangkok |
1 |
0.50 |
|
Mr. Porarat Changtor Nationality: Thai Address : 323/123
Moo 4, Klongsongtonnoon,
Ladkrabang, Bangkok |
1 |
0.50 |
|
Mrs. Kanokwan Udom-ang Nationality: Thai Address : 74/68
Soi Soonvijai 14,
Kwaeng Bangkrapi, Khet Bangprapi,
Bangkok |
1 |
0.50 |
Total Shareholders : 8
Share Structure [as
at April 30,
2011]
|
Nationality |
Shareholders |
No. of Share |
% Shares |
|
|
|
|
|
|
Thai |
6 |
102 |
51.00 |
|
Foreign |
2 |
98 |
49.00 |
|
Total |
8 |
200 |
100.00 |
NAME OF AUDITOR
& CERTIFIED PUBLIC
ACCOUNTANT NO. :
Mrs. Somboon Chim-on No.
1962
The
latest financial figures
published for December
31, 2011 &
2010 were:
ASSETS
|
Current Assets |
2011 |
2010 |
|
|
|
|
|
Other Current Assets
|
4,710.71 |
4,710.71 |
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Total Current Assets
|
4,710.71 |
4,710.71 |
|
Other Long-term Investment |
10,200,000.00 |
10,200,000.00 |
|
Total Assets |
10,204,710.71 |
10,204,710.71 |
LIABILITIES & SHAREHOLDERS'
EQUITY [BAHT]
|
Current
Liabilities |
2011 |
2010 |
|
|
|
|
|
Other Current Liabilities |
11,000.00 |
11,000.00 |
|
Total Current Liabilities |
11,000.00 |
11,000.00 |
|
Long Term Loan |
10,072,495.00 |
10,061,495.00 |
|
Total Liabilities |
10,083,495.00 |
10,072,495.00 |
|
|
|
|
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Shareholders' Equity |
|
|
|
|
|
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Share capital : Baht 1,000
par value authorized, issued
and fully paid share
capital 200 shares |
200,000.00 |
200,000.00 |
|
Capital Paid |
200,000.00 |
200,000.00 |
|
Retained Earning -
Unappropriated |
[78,784.29] |
[67,784.29] |
|
Total Shareholders' Equity |
121,215.71 |
132,215.71 |
|
Total Liabilities & Shareholders' Equity |
10,204,710.71 |
10,204,710.71 |
|
Revenue |
2011 |
2010 |
|
|
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Other Income |
- |
- |
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Total Revenues |
- |
- |
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Expenses |
|
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Administrative Expenses |
11,000.00 |
11,000.00 |
|
Total Expenses |
11,000.00 |
11,000.00 |
|
Net Profit / [Loss] |
[11,000.00] |
[11,000.00] |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.98 |
|
|
1 |
Rs.88.11 |
|
Euro |
1 |
Rs.71.67 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
|
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 |
|
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 |
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<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.