|
Report Date : |
28.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
ANSTAC [THAILAND] CO., LTD. |
|
|
|
|
Registered Office : |
Hemaraj Chonburi Industrial Estate, Plot No. B10, Building B-10b, 369/5 Moo 6, T. Bowin, A. Sriracha, Chonburi 20230 |
|
|
|
|
Country : |
Thailand |
|
|
|
|
Date of Incorporation : |
08.03.2013 |
|
|
|
|
Com. Reg. No.: |
0105556043581 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
The subject is
engaged in manufacturing, distributing and
exporting various kinds
of mechanical carbon
and graphite products
including graflon &
carbon piston rings,
rod packing rings,
carbon bearing, carbon
steam turbine seal
rings, carbon molds,
carbon vanes, crucible
for precious metal
continuous casting die,
graphite for high
temperature, mechanical seals |
|
|
|
|
No. of Employees : |
120 |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
---- |
NB |
New Business |
---- |
|
Status : |
New Company |
|
|
|
|
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 – March, 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 achieved steady growth due largely to industrial and agriculture
exports - mostly electronics, agricultural commodities, automobiles and parts,
and processed foods. Thailand is trying to maintain growth by encouraging
domestic consumption and public investment to offset weak exports in 2012.
Unemployment, at less than 1% of the labor force, stands as one of the lowest levels
in the world, which puts upward pressure on wages in some industries. Thailand
also attracts nearly 2.5 million migrant workers from neighboring countries.
The Thai government is implementing a nation-wide 300 baht ($10) per day
minimum wage policy and deploying new tax reforms designed to lower rates on
middle-income earners. The Thai economy has weathered internal and external
economic shocks in recent years. The global economic crisis severely cut
Thailand's exports, with most sectors experiencing double-digit drops. In 2009,
the economy contracted 2.3%. However, in 2010, Thailand's economy expanded
7.8%, its fastest pace since 1995, as exports rebounded. In late 2011 growth
was interrupted by historic flooding in the industrial areas in Bangkok and its
five surrounding provinces, crippling the manufacturing sector. Industry
recovered from the second quarter of 2012 onward with GDP growth at 5.5% in
2012. The government has approved flood mitigation projects worth $11.7
billion, which were started in 2012, to prevent similar economic damage, and an
additional $75 billion for infrastructure over the next seven years with a plan
to start in 2013.
|
Source
: CIA |
ANSTAC [THAILAND]
CO., LTD.
BUSINESS ADDRESS : HEMARAJ CHONBURI
INDUSTRIAL ESTATE,
PLOT NO. B10,
BUILDING B-10B,
369/5
MOO 6, T. BOWIN,
A. SRIRACHA,
CHONBURI
20230, THAILAND
TELEPHONE : [66] 38
110-260-1
FAX : [66] 38
110-262
E-MAIL ADDRESS : enquiry@anstac.com
REGISTRATION ADDRESS : SAME AS BUSINESS
ADDRESS
ESTABLISHED : 2013
REGISTRATION NO. : 0105556043581
TAX ID NO. : 3035701188
CAPITAL REGISTERED : BHT.
7,000,000
CAPITAL PAID-UP : BHT.
7,000,000
SHAREHOLDER’S PROPORTION : MALAYSIAN :
100%
FISCAL YEAR CLOSING DATE : -
LEGAL STATUS : PRIVATE LIMITED
COMPANY
EXECUTIVE : MR. JOOI YEE
GOH, MALAYSIAN
MANAGING DIRECTOR
NO. OF STAFF : 120
LINES OF BUSINESS : MECHANICAL CARBON AND GRAPHITE
PRODUCTS
MANUFACTURER, DISTRIBUTOR
AND EXPORTER
OPERATING TREND : EARLY
STAGE
The subject was established on
March 8, 2013 as
a private limited
company under the
registered name ANSTAC [THAILAND] CO., LTD. by
Malaysian groups, with the
business objective to
manufacture various kinds
of mechanical carbon
and graphite products
to both domestic
and international markets. It
currently employs approximately 120
staff. The subject
is a wholly
owned subsidiary of
Anstac [Malaysia] Sdn.
Bhd., in Malaysia.
The subject’s registered
address was initially
located at Unit E, 8th Floor,
Kamolsukosol Building, 317
Silom Road, Silom,
Bangrak, Bangkok 10500.
On July 24,
2013, the subject’s
registered address was
relocated to Hemaraj
Chonburi Industrial Estate,
Plot No. B10, Building
B-10B, 369/5 Moo
6, T. Bowin, A. Sriracha,
Chonburi 20230, and
this is the
subject’s current operation
address.
|
Name |
|
Nationality |
Age |
|
|
|
|
|
|
Mr. Jooi Yee Goh |
|
Malaysian |
44 |
|
Mr. Bak Ming Goh |
|
Malaysian |
70 |
|
Mr. Jooi Ann Goh |
|
Malaysian |
39 |
Anyone of the
above directors can
sign on behalf
of the subject
with company’s affixed.
Mr. Jooi Yee Goh
is the Managing
Director.
He is Malaysian
nationality with the age of
44 years old.
The subject is
engaged in manufacturing, distributing
and exporting various
kinds of mechanical
carbon and graphite
products including graflon & carbon piston
rings, rod packing
rings, carbon bearing,
carbon steam turbine
seal rings, carbon
molds, carbon vanes,
crucible for precious
metal continuous casting
die, graphite for
high temperature, mechanical
seals..
“ANSTAC”
Raw materials are
purchased from suppliers
both domestic and
international, mainly in
Malaysia, Republic of
China, and Taiwan.
Anstac [Malaysia] Sdn. Bhd. : Malaysia
Most of products are sold locally
to wholesalers, manufacturers
and end-users, and
the remaining is exported
to Malaysia.
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
L/C at sight
or T/T.
Exports are against
T/T.
The banker’s name
was not disclosed.
The subject currently
employs approximately 120
staff.
The premise is
owned for administrative office
and factory at
the heading address.
Premise is located
in industrial area.
The subject was
established in March
2013. Subject is still in
early stage. Its
operation in the
past 7-8 months was
disclosed moderately. However,
its first year
operation has yet been formally
reported, therefore any
business engagement should
be on secured
basis only.
The capital was
registered at Bht. 5,000,000 divided
into 50,000 shares of Bht.
100 each with
fully paid.
On July 24,
2013, the registered
capital was increased
to Bht. 7,000,000 divided
into 70,000 shares
of Bht. 100 each
with fully paid.
[as at
July 23, 2013]
|
NAME |
HOLDING |
% |
|
|
|
|
|
Anstac [Malaysia] Sdn. Bhd. Nationality: Malaysian Address : 11,
Jalan Sungai Chadong 8, 5 1/2 Off Jalan Kapar, Klang, Selangor, 42100 |
69,998 |
100.00 |
|
Mr. Jooi Yee Goh Nationality: Malaysian Address : 11,
Jalan Sungai Chadong 8, 5 1/2 Off Jalan Kapar, Klang, Selangor, 42100 |
1 |
- |
|
Mr. Bak Ming Goh Nationality: Malaysian Address : 11,
Jalan Sungai Chadong 8, 5 1/2 Off Jalan Kapar, Klang, Selangor, 42100 |
1 |
- |
Total Shareholders : 3
Share Structure
[as at July
23, 2013]
|
Nationality |
Shareholders |
No. of Share |
% Shares |
|
|
|
|
|
|
Thai |
- |
- |
- |
|
Foreign-Malaysian |
3 |
70,000 |
100.00 |
|
Total |
3 |
70,000 |
100.00 |
-
Note
Due to the
subject has been
established in 2013,
therefore financial information
has not yet available.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.36 |
|
|
1 |
Rs.101.11 |
|
Euro |
1 |
Rs.84.67 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.