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Report Date : |
19.08.2014 |
IDENTIFICATION DETAILS
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Name : |
SWA SHIPPING CO., LTD. |
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Registered Office : |
198/13
Moo 11, T. Nongkham, A. Sriracha, Chonburi 20230,
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Country : |
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Date of Incorporation : |
27.05.2014 |
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Com. Reg. No.: |
0205557018369 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesale distribute various kinds of
fresh fruits and
vegetables. |
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No. of Employees |
Not Available |
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 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 |
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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 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 |
SWA
SHIPPING CO., LTD.
REGISTRATION
ADDRESS : 198/13 MOO
11, T. NONGKHAM, A. SRIRACHA,
CHONBURI 20230,
THAILAND
TELEPHONE
NO. : -
ESTABLISHED
: 2014
REGISTRATION
NO. : 0205557018369
TAX
ID NO. : -
CAPITAL REGISTERED : BHT. 1,000,000
CAPITAL PAID-UP : BHT.
1,000,000
SHAREHOLDER’S PROPORTION : THAI : 100%
FISCAL YEAR CLOSING DATE : -
LEGAL
STATUS : PRIVATE LIMITED
COMPANY
LINES
OF BUSINESS : FRESH
FRUITS AND VEGETABLES
OPERATING
TREND : EARLY
STAGE
PRESENT
SITUATION : -
HISTORY
The
subject was established
on May 27,
2014 as a
private limited company
under the registered
name SWA SHIPPING
CO., LTD., by Thai
groups, with the
business objective declared
to the Commercial Registration
Department, in order
to wholesale distribute
various kinds of
fresh fruits and
vegetables.
The
subject’s registered address
is 198/13 Moo 11, T.
Nongkham, A. Sriracha,
Chonburi
20230.
THE
BOARD OF DIRECTOR
|
Name |
|
Nationality |
Age |
|
|
|
|
|
|
Mr. Weerasak Rodsri |
|
Thai |
43 |
AUTHORIZED PERSON
The above director
signs on behalf
of the subject
with company’s affixed.
Note:
Please be informed
that we are
unable to contact
the company, the
telephone company reported
no subject’s name
on their lists,
as well as
its location is
in upcountry.
COMMENT
Subject
has been established
in May 2014
as a distributor
of fresh fruits
and vegetables to
local market. However,
it is a
newly established firm
with no financial
information available.
The
capital was registered
at Bht. 1,000,000 divided
into 10,000 shares of
Bht. 100 each
with fully paid.
THE
SHAREHOLDERS LISTED WERE
: [as at
May 25, 2014]
|
NAME |
HOLDING |
% |
|
|
|
|
|
Mr. Weerasak Rodsri Nationality: Thai Address : 198/13
Moo 11, T. Nongkham, A.
Sriracha, Chonburi |
9,800 |
98.00 |
|
Mrs. Orachorn Masunsueb Nationality: Thai Address : 6/2
Moo 6, T. Bowin,
A. Sriracha,
Chonburi |
100 |
1.00 |
|
Mr. Anuwat Benjanawee Nationality: Thai Address : 8
Soi Chalongkrung 46, Lamplatiew,
Ladkrabang, Bangkok |
100 |
1.00 |
Total Shareholders : 3
Share Structure [as
at May 25,
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
Note:
Due to the
subject has been
established in 2014,
financial statement has
not available.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.06 |
|
|
1 |
Rs.101.84 |
|
Euro |
1 |
Rs.81.56 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
NIS |
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 |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
|
-- |
NB |
New Business |
-- |
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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.