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Report Date : |
08.08.2014 |
IDENTIFICATION DETAILS
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Name : |
J.R.W. ACCESS CO., LTD. |
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Registered Office : |
1298 SOI Udomsuk, |
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Country : |
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Date of Incorporation : |
16.07.2014 |
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Com. Reg. No.: |
0105557100422 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Distributor and exporter of frozen
Seafoods. |
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No. of Employees |
Not Available |
RATING & COMMENTS
|
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 Business |
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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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Thailand |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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. 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 in 2013 implemented a nation-wide 300 baht ($10) per day minimum wage policy and deployed 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 recession severely cut Thailand's exports, with most sectors experiencing double-digit drops. In late 2011 Thailand's recovery was interrupted by historic flooding in the industrial areas in Bangkok and its five surrounding provinces, crippling the manufacturing sector. The government 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 following seven years. This was expected to lead to an economic upsurge but growth has remained slow, in part due to ongoing political unrest and resulting uncertainties. Spending on infrastructure will require re-approval once a new government is seated
|
Source
: CIA |
J.R.W.
ACCESS CO., LTD.
BUSINESS
ADDRESS : -
TELEPHONE : -
FAX :
-
E-MAIL
ADDRESS : -
REGISTRATION
ADDRESS : 1298
SOI UDOMSUK, SUTTHISARNVINITCHAI ROAD,
HUAYKWANG, BANGKOK
10310,
THAILAND
ESTABLISHED
: 2014
REGISTRATION
NO. : 0105557100422
TAX
ID NO. : -
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 : MS.
JARUWAN SUA-IN, THAI
DIRECTOR
NO.
OF STAFF : -
LINES OF
BUSINESS : FROZEN SEAFOODS
DISTRIBUTOR AND
EXPORTER
OPERATING
TREND : EARLY
STAGE
PRESENT
SITUATION : -
REPUTATION : -
MANAGEMENT
STANDARD : -
HISTORY
The
subject was established
on July 16,
2014 as a
private limited company
under the registered
name J.R.W. ACCESS
CO., LTD., by Thai groups.
Its business objective
was declared to
Commercial Registration Department,
in order to
distribute frozen seafood
to both domestic and
international markets.
The subject’s registered address is 1298 Soi
Udomsuk, Sutthisarnvinitchai Road, Huaykwang,
Bangkok 10310.
THE
BOARD OF DIRECTOR
|
Name |
|
Nationality |
Age |
|
|
|
|
|
|
Ms. Jaruwan Sua-in |
|
Thai |
31 |
AUTHORIZED PERSON
The above director
signs on behalf
of the subject
with company’s affixed.
Remark
Refer to your
given address 177 Big-C
Road, Huamark, Bangkapi,
Bangkok, please be informed that
the above address
belongs to Big C
Supercenter, Ramkhamhaeng
Branch, not the
company.
Whereas the company’s
registered address, 1298
Soi Udomsuk, Sutthisarnvinitchai Road,
Huaykwang, Bangkok 10310 is currently found by
a photo shop,
named “Easy Print Rachada”. Moreover,
no one can
inform us about
the subject.
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.
250,000 or 10,000
shares of Bht. 25
each.
THE
SHAREHOLDERS LISTED WERE
: [as at
July 1, 2014]
at Bht. 250,000 of
Capitalization.
|
NAME |
HOLDING |
% |
|
|
|
|
|
Ms. Jaruwan Sua-in Nationality: Thai Address : 228
Moo 9, T. Jomphra,
A. Thawangpha, Nan |
6,000 |
60.00 |
|
Mr. Suthas Foongdee Nationality: Thai Address : 50
Moo 1, T. Dongkaenyai, A.
Kamkuenkaew, Yasothorn |
2,000 |
20.00 |
|
Ms. Natthakarn Nanchamlong Nationality: Thai Address : 35
Moo 11, T. Huana,
A. Khemarat,
Ubonratchathani |
2,000 |
20.00 |
Total Shareholders : 3
Share Structure [as
at July 1,
2014]
|
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
Remark:
Due to the subject was
established in July
2014, there is no
financial information available.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.41 |
|
|
1 |
Rs.103.42 |
|
Euro |
1 |
Rs.82.17 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NIS |
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.