MIRA INFORM REPORT

 

 

Report Date :

12.03.2013

 

IDENTIFICATION DETAILS

 

Name :

YOYA STATIONERY  CO.,  LTD.

 

 

Registered Office :

1186,  1188  Udomsuk  Road,  Bangna, Bangkok  10260

 

 

Country :

Thailand

 

 

Date of Incorporation :

09.08.2012

 

 

Com. Reg. No.:

0105555115929

 

 

Legal Form :

Private  Limited  Company

 

 

Line of Business :

Importer  and  Distributor of Stationery  and  Office  Supplies

 

 

No. of Employees :

20

 

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

(31.03.2012)

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

 

YOYA  STATIONERY  CO.,  LTD.

 

SUMMARY

 

BUSINESS  ADDRESS                          :           1186,  1188  UDOMSUK  ROAD,  BANGNA,

                                                                        BANGKOK  10260,  THAILAND

TELEPHONE                                         :           [66]  2399-5339

FAX                                                      :           [66]  2398-3088

E-MAIL  ADDRESS                                :           js1996th@yahoo.com

REGISTRATION  ADDRESS                  :           1188  UDOMSUK  ROAD,  BANGNA,

                                                                        BANGKOK  10260,  THAILAND

 

ESTABLISHED                         :           2012

REGISTRATION  NO.                           :           0105555115929

TAX  ID  NO.                                         :           3035246061

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. CHAISIT  AJCHAREEYASOONTORN,  THAI

                                                                        MANAGING  DIRECTOR           

 

NO.  OF  STAFF                                   :           20

LINES  OF  BUSINESS                          :           STATIONERY  AND  OFFICE  SUPPLIES

                                                                        IMPORTER  AND  DISTRIBUTOR

                                                                         

 

CORPORATE  PROFILE

 

OPERATING  TREND                            :           STABLE                       

PRESENT  SITUATION                          :           OPERATING  NORMALLY                     

REPUTATION                                       :           -

MANAGEMENT  STANDARD                 :           -                      

 

 

 

 


 

HISTORY

 

The  subject  was  established  on  August  9,  2012   as  a  private  limited  company under  the  registered  name  YOYA  STATIONERY  CO.,  LTD., by  Thai groups,  with  the  business  objective  to  import  and  distribute  various  kinds  of  stationery  and  office  supplies  to  domestic  market.  It  currently  employs    20  staff.  

 

The  subject’s  registered  address  is  1188  Udomsuk  Rd.,  Bangna,  Bangkok  10260,  while the  subject’s  current  operation  address  is  1186, 1188  Udomsuk  Rd.,  Bangna, Bangkok  10260.   

 

THE  BOARD  OF  DIRECTOR

 

     Name

 

Nationality

Age

 

 

 

 

Mr. Chaisit  Ajchareeyasoontorn

 

Thai

48

Mrs. Kornthida  Thongchaijirapha

 

Thai

52

 

AUTHORIZED  PERSON

 

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

 

MANAGEMENT

 

Mr. Chaisit  Ajchareeyasoontorn   is  the  Managing  Director.

He  is  Thai  nationality  with  the  age  of  48 years  old.  

 

BUSINESS  OPERATIONS

 

The  subject  is  engaged  in  importing  and  distributing  various  kinds  of  stationeries  and  office  supplies  such  as  ball  pen,  gel-pen,  pencil,  fancy  pen  and  pencil  products,  color  and  color  dough,  pencil  cases,  file  and  storage,  eraser,  note  books,  writing  correction  products  and  etc.

 

MAJOR  BRANDS

 

“YOYA”,  “7321 DESIGN”,  “TRUE  COLOR”,  “LINC”  and etc.

 

PURCHASE

 

The   products  are  purchased  from  suppliers   both  domestic  and  overseas,  mainly  in  Korea,  Republic  of  China  and  India.

 

 

MAJOR  SUPPLIER

 

Yoya  Guangzhou  Stationery  Industry  Co.,  Ltd.            :  Republic  of  China

 

SALES 

 

100%  of  the  products  is  sold  locally  by  wholesale  to  the  leading  discount  store,  book  store  and  convenience  stores  such  as  “Big C”,  “Tesco-Lotus”,  “Makro”,  “B2S”,  “Office  Depot”,  “7-Eleven”  and   etc..

 

MAJOR  CUSTOMERS

 

Bic  C  Supercenter  Public  Company  Limited

CP  All  Public  Company  Limited

Siam  Makro  Public  Co.,  Ltd.

Ekachai  Distribution  System  Co.,  Ltd.

 

SUBSIDIARY  AND  AFFILIATED  COMPANY

 

J S  Marketing [Thailand]  Co.,  Ltd.

Business  Type  :  Importer  and  distributor  of  stationery  products

 

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  according  to  the  past  two  years.

 

CREDIT  

 

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  L/C  at  sight  or  T/T.

 

BANKING

 

The  banker’s  name  was  not  disclosed.

 

EMPLOYMENT

 

The  subject  currently  employs  approximately  20  staff.  

 

LOCATION  DETAILS

 

The  premise  is  owned for  administrative  office  at  the  heading  address.  Premise  is  located  in  commercial/residential  area.

 

COMMENT

 

The  subject  was  established  in  August  2012  as  a  supplier  of  stationery  products.   Subject   is  still in early  stage  operation  with  no  financial  information.   Any  business  engagement  should be  on secured  basis.

 

FINANCIAL  INFORMATION

 

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

 

THE  SHAREHOLDERS  LISTED  WERE  :  [as  at  July  31,  2012]

 

       NAME

HOLDING

%

 

 

 

Mr. Chaisit  Ajchareeyasoontorn

Nationality:  Thai

Address     :  177/27  Trok  Choduek,  Taladnoi, 

                     Samphantawong,  Bangkok 

15,500

31.00

Mrs. Kornthida  Thongchaijirapha

Nationality:  Thai

Address     :  177/27  Trok  Choduek,  Taladnoi, 

                     Samphantawong,  Bangkok 

15,000

30.00

Master Pasawuth  Ajchareeyasoontorn

Nationality:  Thai

Address     :  816-818  Lasalle  Rd.,  Bangna,  

                     Bangkok

10,000

20.00

Ms. Nathawan  Thongchaijirapha

Nationality:  Thai

Address     :  177/35  Trok  Choduek,  Taladnoi, 

                     Samphantawong,  Bangkok 

5,000

10.00

Mr. Chaiwat  Ajchareeyasoontorn

Nationality:  Thai

Address     :   816-818  Lasalle  Rd.,  Bangna, 

                     Bangkok

1,500

3.00

Mr. Boonchai  Ajchareeyasoontorn

Nationality:  Thai

Address     :  816-818  Lasalle  Rd.,  Bangna,

                     Bangkok 

1,000

2.00

Mrs. Suwanna  Ajchareeyasoontorn

Nationality:  Thai

Address     :  816-818  Lasalle  Rd.,  Bangna,  Bangkok

1,000

2.00

Ms. Viriya  Thavaraporn

Nationality:  Thai

Address     :  376/7  Soi  Sawaisuwan,  Bangsue,  Bangkok

1,000

2.00

 

Total  Shareholders  :   8

 

Share  Structure  [as  at  July  31,  2012]

 

Nationality

Shareholders

No. of  Share

% Shares

 

 

 

 

Thai

8

50,000

100.00

Foreign

-

-

-

 

Total

 

8

 

50,000

 

100.00

 

NAME  OF  AUDITOR  &  CERTIFIED  PUBLIC  ACCOUNTANT  NO. :

 

None  

 

Note:

 

The  2012  financial  statement  has  not  been  submitted  to  the  Commercial  Registration  Department  during  investigation.

 

                                                                                    

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.54.29

UK Pound

1

Rs.81.08

Euro

1

Rs.70.61

 

INFORMATION DETAILS

 

Report Prepared by :

NLM

 

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.