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Report Date : |
06.03.2013 |
IDENTIFICATION DETAILS
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Name : |
KCC RICE CO., LTD. |
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Registered Office : |
30/6 Moo 10, Sangkasantisook Road, Kratumrai, Nongjork, Bangkok 10250 |
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Country : |
Thailand |
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Date of Incorporation : |
02.02.2012 |
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Com. Reg. No.: |
0105555016882 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer and Distributor of Jute Sacks |
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No. of Employees : |
2 |
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 Company |
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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 – 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 |
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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
KCC RICE CO., LTD.
BUSINESS
ADDRESS : 30/6
MOO 10, SANGKASANTISOOK ROAD,
KRATUMRAI, NONGJORK,
BANGKOK 10250
TELEPHONE : [66] 2988-2095
FAX :
[66] 2988-2223
E-MAIL
ADDRESS : -
REGISTRATION
ADDRESS : SAME
AS BUSINESS ADDRESS
ESTABLISHED
: 2012
REGISTRATION
NO. : 0105555016882
TAX
ID NO. : 3034877549
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 : MR.
CHOKSATIT BENJARATTANAPORN, THAI
MANAGING DIRECTOR
NO.
OF STAFF : 2
LINES
OF BUSINESS : JUTE
SACKS
IMPORTER AND
DISTRIBUTOR
OPERATING
TREND : STABLE
PRESENT
SITUATION : OPERATING NORMALLY
REPUTATION : -
MANAGEMENT
STANDARD : -
The
subject was established
on February 2,
2012 as a
private limited company under
the registered name
KCC RICE CO.,
LTD., by Thai
groups, with the
business objective to
import and distribute
jute sacks for
agricultural products. It
currently employs 2 staff.
The
subject’s registered address
is 30/6 Moo 10, Sangkasantisook Rd., Kratumrai,
Nongjork, Bangkok 10250,
and this is
the subject’s current
operation address.
Mr. Choksatit Benjarattanaporn
The above director
signs on behalf
of the subject
with company’s affixed.
Mr. Choksatit Benjarattanaporn is
the Managing Director.
He is Thai
nationality with the
age of 39
years old.
The subject
is engaged in
importing and distributing
of jute sacks
for agricultural products
mainly served rice
mill business.
PURCHASE
90%
of the products
is imported from
India, and the
remaining 10% is
purchased from local
suppliers.
SALES
100% of the
products is sold
locally by wholesale
to rice mill
operators.
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.
Imports are by
T/T.
Bangkok
Bank Public Co.,
Ltd.
The
subject currently employs
2 staff.
The
premise is rented for
administrative office at
the heading address.
Premise is located
in residential area.
The subject
was established in
February 2012. Its
first year operation
was disclosed at
moderate level. However,
with no financial
information available, any
credit requested should be on
secured basis only.
The
capital was registered
at Bht. 1,000,000 divided
into 10,000 shares of Bht.
100 each, with the
current capital paid-up
at Bht. 25
per share or
Bht. 250,000.
THE
SHAREHOLDERS LISTED WERE
: [as at
January 31, 2012]
at Bht. 250,000
of capitalization
|
NAME |
HOLDING |
% |
|
|
|
|
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Mr. Choksatit Benjarattanaporn Nationality: Thai Address : 30/5
Moo 10, Sangkasantisook Rd., Kratumrai, Nongjork,
Bangkok |
4,000 |
40.00 |
|
Mr. Pichai Benjarattanaporn Nationality: Thai Address : 30/5
Moo 10, Sangkasantisook Rd.,
Kratumrai, Nongjork, Bangkok
|
3,000 |
30.00 |
|
Ms. Saithip Benjarattanaporn Nationality: Thai Address : 9/114
Soi Kasemsanti 3,
Wangmai,
Pathumwan, Bangkok |
3,000 |
30.00 |
Total Shareholders : 3
Share Structure [as
at January 31,
2012]
|
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
Note:
The 2012 financial
statement has not
been submitted during
investigation.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.65 |
|
UK Pound |
1 |
Rs.82.66 |
|
Euro |
1 |
Rs.71.21 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.