|
Report Date : |
28.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
|
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
30.09.2011 |
|
|
|
|
Date of Incorporation : |
1917 |
|
|
|
|
Legal Form : |
|
|
|
|
|
Line of Business : |
Providing higher education
in bachelor degree,
master degree, doctorate,
as well as
higher diploma level.
|
|
|
|
|
No. of Employees : |
8,086 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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. 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 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.
|
Source
: CIA |
CHULALONGKORN UNIVERSITY
BUSINESS ADDRESS : 254 PHAYATHAI ROAD,
PATHUMWAN,
BANGKOK 10330
TELEPHONE : [66] 2215-0871-3
FAX : [66] 2215-4804
E-MAIL ADDRESS : int.off@chula.ac.th
REGISTRATION ADDRESS : SAME AS BUSINESS
ADDRESS
ESTABLISHED : 1917
REGISTRATION NO. : -
CAPITAL REGISTERED : -
CAPITAL PAID-UP : -
FISCAL YEAR CLOSING DATE : SEPTEMBER 30
LEGAL STATUS : PUBLIC UNIVERSITY
EXECUTIVE : PROF.
PIROM KAMOLRATANAKUL, M.D.,
THAI
PRESIDENT
NO. OF STAFF : 8,086
LINES OF BUSINESS : UNIVERISTY
OPERATING TREND : STABLE
PRESENT SITUATION : OPERATING NORMALLY
REPUTATION : GOOD
WITH NORMAL BUSINESS ENGAGEMENT
MANAGEMENT STANDARD : MANAGEMENT
WITH GOOD PERFORMANCE
Chulalongkorn University, Thailand’s
first institution of
higher learning, officially
came into being
in March 1917.
The groundwork and
preparation for it
in terms of
planning and development,
however, took place more
than a century
ago. The worldwide
economic, social and
political changes in
the late nineteenth
century contributed to
Siam’s decision to
adapt herself in
order to avoid
being colonized by the Western
powers [“Siam” became
“Thailand” in the year
1939]. Thus King
Chulalongkorn [Rama V] has
royal policy to
strengthen and improve
government so that
the country could
successfully resist the
tide of colonialism.
One of the
major parts of
the policy, which
would later prove
to be deep-rooted
and highly effective,
was to improve
the Siamese educational
system so as to
produce capable personnel
to work in both
the public and private
sectors.
The university was
under the supervision
of University Affairs
Department, Ministry of
Education. Phraya Anukijwithoon
was the first
principal [the title
was changed to
Rector in 1935].
There was a
University Council, which
was responsible for
policy making, planning,
and advising on
the affairs of
the university.
When it was
first founded, the
university had 380
students taking classes
in four facilities:
The Faculty of Medicine,
Faculty of Public
Administration, Faculty of Engineering and
Faculty of Arts
and Science.
In 1929, the
Faculty of Public
Administration became the
Faculty of Law
and Political Science.
In 1933, after
the establishment of
constitutional monarchy in
1932, the government transferred
this faculty to
Thammasat University, which
was established in
1934. The result
was that Chulalongkorn
University had only
three facilities during
that time. The
development of Chulalongkorn
University continued. From
1934 to 1958,
the university emphasized
improvement of undergraduate
education; thus more
faculties were established.
In 1961, the
university set up
the Graduate School
to be responsible
for graduate level
education. From 1962
on, the university
started to focus
on graduate education
and began to set
up research centers
and institutes.
At present, the university
has 19 faculties,
3 colleges, 2 schools
and 11 institutes
providing bachelor’s degree,
master’s degree and
doctorate, as well
as higher diploma.
It currently employs
8,086 staff.
The university is
located at 254
Phayathai Rd., Pathumwan,
Bangkok 10330, and
this is the
subject’s current operation
address.
|
Name |
|
Position |
|
|
|
|
|
Administration Board |
|
|
|
Prof. Pirom Kamolratanakul, M.D. |
: |
President |
|
|
|
|
|
Administration |
|
|
|
Assoc. Prof. Chesada Sangsubhan,
M.D. |
: |
Vice President for
Administration |
|
Assoc. Prof. Dr. Sittichai Tudsri,
D.D.S.,M.D. |
: |
Vice President for
Strategy and Planning |
|
Assoc. Pro. Dunuja
Kunpanitchakit, Ph.D. |
: |
Vice President for
Finance |
|
Assoc. Prof. Pornpote
Piumsomboon, Ph.D. |
: |
Vice President for
Personnel Management |
|
Assoc. Prof. Boonchai Stitmannaithum, D.Eng. |
: |
Vice President for
Physical Resources Management |
|
Assoc. Prof. M.R. Kalaya
Tingsabadh, Ph.D. |
: |
Vice President for
Academic Affairs |
|
Prof. Dr. Mongkol Techakumphu |
: |
Vice President Research
and Innovation |
|
Assoc. Prof. Tanit
Tongthong, Ph.D. |
: |
Vice President for
Student Affairs |
|
Assoc. Prof. Gr. Capt.
Permyot Kosolbhand, M.D. |
: |
Vice President for
Property Management |
|
Prof. Dr. Narin
Hiransauthikul M.D. |
: |
Assistant to the
President |
|
Assoc. Prof. Kanisak
Oraveerakul, DVM, Ph.D. |
: |
Assistant to the
President |
|
Mr. Akasit Wansom |
: |
Assistant to the
President |
|
Assoc. Prof. Dr.
Vimolvan Pimpan |
: |
Assistant to the
President |
|
Assist. Prof. Dr.
Worawan Ongkrutraksa |
: |
Assistant to the President |
|
Assoc. Prof. Anongnat
Thakoengwit, Ph.D. |
: |
Assistant to the
President |
|
Assist. Prof. Dr.
Pareena Srivanit |
: |
Assistant to the
President |
|
Assoc. Prof. Suttima
Jamnarnwej |
: |
Assistant to the
President |
|
Assoc. Prof. Veerasak
Likhitruangsilp, Ph.D. |
: |
Assistant to the
President |
|
Dr. Suwanna Satapatpattana |
: |
Assistant to the
President |
|
Assist. Prof. Kriengkrai Boonlert-U-Thai, Ph.D. |
: |
Assistant to the
President |
|
Assoc. Prof. Sanit
Chantavilasvong, D. Arch. |
: |
Assistant to the
President |
|
Assoc. Prof. Buncha Pulpoka,
Ph.D. |
: |
Assistant to the
President |
|
Ms. Rosanaporn Viravan |
: |
Assistant to the
President |
|
Assoc. Prof. Ruengwit
Bunjongrat |
: |
Assistant to the
President |
|
Assoc. Prof. Trirat
Jarutach |
: |
Assistant to the
President |
|
Mr. Preecha Pluemchit |
: |
Assistant to the
President |
|
Assoc. Prof. Dr. Kris
Angkanaporn Ph.D. |
: |
Assistant to the
President |
|
|
|
|
|
Deans |
|
|
|
Assoc. Prof. Amorn
Petsom, Ph.D. |
: |
Dean of Graduate
School |
|
Assoc. Prof. Dr.
Prawit Janwantanakul |
: |
Dean of Faculty of
Allied Health Sciences |
|
Assist. Prof. Dr.
Suchit Poolthong |
: |
Dean of Faculty
of Dentistry |
|
Assoc. Prof. Sophon
Napathorn, M.D. |
: |
Dean of Faculty
of Medicine |
|
Assist. Prof. Dr. Sureeporn Thanasilp |
: |
Dean of Faculty
of Nursing |
|
Assist. Prof. Dr. Rungpetch Sakulbumrungsil |
: |
Dean of Faculty
of Pharmaceutical Sciences |
|
Assist. Prof. Dr.
Kakanang Maneesri |
: |
Dean of Faculty
of Psychology |
|
Prof. Dr. Roongroje
Thanawongnuwech |
: |
Dean of Faculty
of Veterinary Science |
|
Prof. Surasak Taneepanichskul, M.D., Msc |
: |
Dean of the
College of Public
Health Science |
|
Assist. Prof. Dr.
Chaninchai Intiraporn |
: |
Dean of Faculty
of Sport Science |
|
Assoc. Prof. Pasu Decharin,
Ph.D. |
: |
Dean of Faculty
of Commerce and Accountancy |
|
Assist. Prof. Dr. Duangkamol Chartprasert |
: |
Dean of Faculty of
Communications Arts |
|
Assoc. Prof. Chayodom
Sabhasri, Ph.D. |
: |
Dean of Faculty of
Economics |
|
Assoc. Prof. Dr. Chanita Rukpollmuang |
: |
Dean of Faculty
of Education |
|
Prof. Dr. Nantawat
Boramanand |
: |
Dean of Faculty
of Law |
|
Prof. Supachai Yavaprabhas, Ph.D. |
: |
Dean of Faculty
of Political Science |
|
Assoc. Prof. Worawet
Suwanrada Ph.D. |
: |
Dean of College
of Population Studies |
|
Assist. Prof. Pongsak
Vadhanasindhu, Ph.D. |
: |
Dean of Faculty
of Architecture |
|
Assoc. Prof. Dr.
Suppakorn Disatapundhu |
: |
Dean of Faculty
of Fine and Applied Art |
|
Asst. Prof. Dr.
Prapod Assavavirulhakarn |
: |
Dean of Faculty
of Arts |
|
Prof. Bundhit Eua-Arporn
Ph.D. |
: |
Dean of Faculty
of Engineering |
|
Prof. Dr. Supot
Hannongbua |
: |
Dean of Faculty
of Science |
|
Asst. Prof. Pomthong
Malalkul, Ph.D. |
: |
Dean of the
Petroleum and Petrochemical College |
|
|
|
|
|
Directors (Institutes, Centers,
Officers) |
|
|
|
Assoc. Prof. Sompong
Sirisoponsin, Ph.D. |
: |
Director of Transportation Institute |
|
Assist. Prof. Ekasit
Nisaratanaporn, Ph.D. |
: |
Director of Metallurgy
and Materials Science Research Institute |
|
Assoc. Prof. Worawut
Chulaluksananukul Ph.D. |
: |
Director of Aquatic
Resources Research Institute |
|
Prof. Tharapong Vitidsant
Ph.D. |
: |
Director of Energy
Research Institute |
|
Assist. Prof. Dr. Chakkaphan Sutthirat |
: |
Director of Environmental Research
Institute |
|
Assoc. Prof. Dr. Sunait
Chutintaranond |
: |
Director of Asian
Studies Institute |
|
Prof. Toemsakdi Krishnamara |
: |
Director of Sasin
Graduate Institute of Business Administration of Chulalongkorn University |
|
Assoc. Prof. Dr.
Vithaya Kulsomboon |
: |
Director of Social
Research Institute |
|
Assoc. Prof. Amorn
Petsom, Ph.D. |
: |
Director of Science
and Technological Research Equipment Center |
|
Assoc. Prof. Vallapa
Prakobphol |
: |
Director of Office
of the Registrar |
|
Assist. Prof. Kulaporn
Hiranburana |
: |
Director of Language
Institute |
|
Assist. Prof. Pimrumpai
Premsmit, Ph.D. |
: |
Director of Center
of Academic Resources |
|
Assoc. Prof. Polkit
Sangvani, Ph.D. |
: |
Director of Biotechnology and
Genetic Engineering Institute |
|
Prof. Somchai Chanpongsang |
: |
President of Faculty Senate |
|
Assoc. Prof. Dr.
Suchitra Chongstivatana |
: |
Director of Thai
Studies Institute |
|
Prof. Annop Kunavongkrit, Ph.D. |
: |
Director of The
Office of the Commission on Agricultural Resource
Education [OCARE] |
The university is
engaged in providing
higher education in
bachelor degree, master
degree, doctorate, as well as
higher diploma level.
At present, the university has
19 faculties, 2
schools, 3 colleges,
and 11 institutes
as the followings:
Faculties:
Faculty of Allied
Health Sciences
Faculty of Architecture
Faculty of Arts
Faculty of Commerce
and Accountancy
Faculty of Communication Arts
Faculty of Dentistry
Faculty of Economics
Faculty of Education
Faculty of Engineering
Faculty of Fine
and Applied Arts
Faculty of Law
Faculty of Medicine
Faculty of Nursing
Faculty of Pharmaceutical Sciences
Faculty of Political
Science
Faculty of Psychology
Faculty of Science
Faculty of Sports
Science
Faculty of Veterinary
Science
Office of Commission on
Agricultural Resource Education
[OCARE]
School:
Graduate School
Sasin Graduate Institute
of Business Administration
Colleges:
College of Population
Studies
College of Public Health
Sciences
The Petroleum and
Petrochemical College
Institutes:
Aquatic Resources Research
Institute
Environmental Research Institute
Cu Language Institute
Energy Research Institute
Environmental Research Institute
Institute of Asian
Studies
Institute of Thai
Studies
Metallurgy and Materials
Science Research Institute
Social Research Institute
The Institute of
Biotechnology and Genetic
Engineering
Transportation Institute
For the academic
year in February
2013, the University
has a total
of 38,181 students
as the followings:
Bachelor degree : 25,161
Graduate Diploma : 64
Master degree : 9,951
Higher Graduate Diploma :
625
Doctoral Degree : 2,380
The procurement of learning
and teaching instruments
and equipment is
done by bidding.
The bidding procedure
is to be
set up by the
University.
The personnel and
specialist for research
projects are imported
worldwide i.e. from
Asia, Europe and
United States of
America.
The university is
engaged in a
number of international
cooperative programs such
as student, faculty
and personnel exchange programs
as well as
research with many
foreign institutions and
institutes via Chula Global
networks. The university
also organizes and
participates in international
academic seminars and
conferences. At the
same time, the
university receives assistance and
support of foreign
governments including the
U.S.A., Japan and
may other countries.
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
according to IRICO’S
DATABASE for the
past two years.
Bangkok Bank Public
Co., Ltd.
Krung Thai Bank
Public Co., Ltd.
TMB Bank Public
Co., Ltd.
Siam Commercial Bank
Public Co., Ltd.
Kasikornbank Public Co.,
Ltd.
The subject employs
approximately 8,086 staff
as the followings:
Government Officer :
1,245
University Staff : 5,575
Full-time Staff :
1,206
Part-time Staff : 60
The premise is
owned for administrative office
and university at the heading
address. Premise is
located in a
prime area.
Chulalongkorn University is Thailand’s first institution of higher
education founded nearly a century ago.
As a national intellectual center, the university produces the finest
quality graduates with a high level of knowledge and skills in the arts and sciences
that they can use to contribute to society.
Chulalongkorn has been committed to ongoing development in programs,
human resources, facilities and services. With the cooperation of alumni, it
has been building an intellectual community
devoted to serving Thai
society and the
nation.
Chulalongkorn University ranked
No. 1 in Thailand,
Top 40 in
Asia [Webometrics Ranking of
World Universities, January
2006], ranked No. 1
in research finance
in Thailand [Pacific Basis Finance Journal
12, (2005)].
The subject is
the most comprehensive
university in Thailand
in term of
education and university
management.
The University receives
financial support from
government budget, student
fee, various researches
and projects collaborated
with private and
public sectors, special
activities organized by university, donations and
etc.
Due to the
University is a
public university which totally
belongs to the
Government, and it
is supervised under
the Office of
University Affairs, Ministry
of Education, there
is no list
of shareholders available.
Ms. Sa-angthip Vanaworakul
Director of Financial
Audit 14th
Mrs. Dussadee Chantarach
Academic Auditor 7
Office of the
Auditor General
Note:
The 2012 financial
statement was not
available during investigation.
The latest
financial figures published
for September 30,
2011 & 2010 were:
ASSETS
|
Current Assets |
2011 |
2010 |
|
|
|
|
|
Cash in Hand
& at Equivalent |
6,606,234,796.42 |
7,121,032,261.62 |
|
Short-term Investment |
9,990,608,870.18 |
6,011,075,292.36 |
|
Accounts Receivable |
831,100,016.51 |
903,712,312.33 |
|
Deferred Income |
366,054,887.93 |
309,880,094.20 |
|
Material Supplies |
30,593,762.09 |
31,483,324.92 |
|
Other Current Assets
|
147,342,861.27 |
100,298,280.12 |
|
|
|
|
|
Total Current Assets
|
17,971,935,194.40 |
14,477,481,565.55 |
|
Long-term Investment |
11,431,220,364.24 |
11,863,647,712.25 |
|
Fixed Assets |
13,921,514,423.01 |
12,827,660,411.75 |
|
Leasehold Right |
32,445,311,304.34 |
32,186,547,878.74 |
|
Intangible Assets |
54,312,652.41 |
52,315,005.36 |
|
Deferred Expenses |
386,459,134.47 |
365,573,727.72 |
|
Deposit & Long-term
Insurance |
2,145,325.00 |
7,749,632.14 |
|
Total Assets |
76,212,898,397.87 |
71,780,975,933.51 |
LIABILITIES
& EQUITY [BAHT]
|
Current
Liabilities |
2011 |
2010 |
|
|
|
|
|
Accounts Payable |
171,919,616.29 |
190,793,718.03 |
|
Accrued Expenses |
1,339,852,699.15 |
292,329,440.87 |
|
Advance Income |
3,181,828,025.65 |
2,810,069,007.21 |
|
Other Current Liabilities |
217,779,478.73 |
84,635,547.51 |
|
|
|
|
|
Total Current Liabilities |
4,911,379,819.82 |
3,377,827,713.62 |
|
Deposit |
2,435,178,103.75 |
2,509,269,225.57 |
|
Provision for Pension |
15,388,195.43 |
456,653,154.27 |
|
Deferred Leasehold Right |
32,774,776,729.08 |
32,522,650,108.16 |
|
Other Non-current Liabilities |
177,962,337.10 |
94,361,588.01 |
|
Total Liabilities |
40,314,685,185.18 |
38,960,761,789.63 |
|
|
|
|
|
Equity |
|
|
|
|
|
|
|
Capital at Principal
Balance |
6,087,975,459.39 |
6,086,337,270.70 |
|
Current Capital |
2,880,754,800.81 |
2,808,199,414.71 |
|
Surplus of Donations |
15,654,743.86 |
35,017,365.08 |
|
Unrealized Profit |
88,141,703.11 |
141,563,285.34 |
|
Retained Earning |
26,825,686,505.52 |
23,749,096,808.05 |
|
Total Equity |
35,898,213,212.69 |
32,820,214,143.88 |
|
Total Liabilities &
Equity |
76,212,898,397.87 |
71,780,975,933.51 |
|
Revenue |
2011 |
2010 |
|
|
|
|
|
Government Income |
6,077,456,977.30 |
4,517,834,613.35 |
|
Education Income |
2,687,751,726.07 |
2,678,463,172.41 |
|
Operation Income of
the Property Management Office |
2,838,627,863.59 |
2,508,792,458.08 |
|
Interest & Investment
Income |
608,886,981.30 |
514,969,552.80 |
|
Academic Service Income |
613,707,804.64 |
510,854,957.57 |
|
Assets Management Income |
132,634,032.46 |
118,181,084.11 |
|
Unincorporated Enterprise Income |
109,088,520.00 |
67,302,120.00 |
|
Donation Income |
252,300,673.95 |
181,149,182.89 |
|
Subsidy from Other Sources |
617,542,817.67 |
211,801,705.19 |
|
Other Income |
451,963,525.42 |
398,344,070.79 |
|
Total Revenues |
14,389,960,922.40 |
11,707,692,917.19 |
|
Expenses |
|
|
|
|
|
|
|
Personnel Expenses
|
4,382,948,471.72 |
3,920,977,671.36 |
|
Pension & Remuneration Expenses |
943,951,414.27 |
882,646,998.54 |
|
Training Expenses |
122,531,545.30 |
100,202,530.15 |
|
Travelling Expenses |
88,562,334.98 |
39,339,394.31 |
|
Material Expenses |
1,396,281,910.59 |
1,149,311,590.81 |
|
Utility Expenses |
447,386,434.73 |
503,758,223.27 |
|
Subsidy Expenses |
1,931,641,147.07 |
1,291,328,860.57 |
|
Equipment below the
Threshold |
28,668,388.56 |
11,445,240.76 |
|
Depreciation & Amortization |
1,219,632,728.42 |
1,069,258,517.64 |
|
Faculty Expenses |
39,898,142.71 |
39,188,006.74 |
|
Other Expenses |
19,013,246.84 |
18,799,554.94 |
|
Total Expenses |
10,620,515,765.19 |
9,026,256,889.09 |
|
|
|
|
|
Net Profit / [Loss] |
3,769,445,157.21 |
2,681,436,328.10 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.94 |
|
|
1 |
Rs.103.31 |
|
Euro |
1 |
Rs.85.11 |
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.