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Report Date : |
13.05.2014 |
IDENTIFICATION DETAILS
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Name : |
T M T
LOGISTICS CO., LTD. |
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Registered Office : |
88/13
MOO 11, T. Nongkham, A. Sriracha, Chonburi 20230 |
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Country : |
Thailand |
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Date of Incorporation : |
10.10.2013 |
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Com. Reg. No.: |
0205556033186 |
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Legal Form : |
Private Limited Company
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Line of Business : |
Engaged in
providing logistics and
transportation services for
fresh fruits and vegetables, frozen
seafood and consumer
goods, which it currently
owns two trucks |
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|
|
|
No. of Employees |
6 |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
|
-- |
NB |
New Business |
-- |
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Status : |
New company |
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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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Thailand |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 |
T M T
LOGISTICS CO., LTD.
BUSINESS
ADDRESS : 88/13
MOO 11, T. NONGKHAM,
A. SRIRACHA,
CHONBURI 20230,
THAILAND
TELEPHONE : [66] 38
061-097, 089 092-4804
FAX : [66] 38
061-097
E-MAIL
ADDRESS : -
REGISTRATION
ADDRESS : SAME
AS BUSINESS ADDRESS
ESTABLISHED
: 2013
REGISTRATION
NO. : 0205556033186
TAX
ID NO. : 3036177258
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. THITIMA TAPOOTHONG,
THAI
MANAGING DIRECTOR
NO.
OF STAFF : 6
LINES
OF BUSINESS : LOGISTICS AND
TRANSPORTATION SERVICES
OPERATING
TREND : STABLE
PRESENT
SITUATION : OPERATING NORMALLY
REPUTATION : -
MANAGEMENT
STANDARD : -
The
subject was established
on October 10,
2013 as a
private limited company
under the registered
name T M T LOGISTICS
CO., LTD., by
Thai groups, with
the business objective
to provide logistics
and transportation services,
located in Chonburi
province. It currently
employs 6 staff.
The
subject’s registered address
is 88/13 Moo
11, T. Nongkham, A. Sriracha,
Chonburi
20230, and this
is the subject’s
current operation address.
|
Name |
|
Nationality |
Age |
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|
|
|
|
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Ms. Thitima Tapoothong |
[x] |
Thai |
33 |
|
Mr. Manop Inta |
|
Thai |
32 |
|
Mr. Jirawat Phanwor |
|
Thai |
32 |
Only the mentioned
director [x] signs
on behalf of
the subject with
company’s affixed.
Ms. Thitima Tapoothong is
the Managing Director.
She is Thai
nationality with the
age of 33
years old.
BUSINESS OPERATIONS
The subject
is engaged in
providing logistics and
transportation services for
fresh fruits and
vegetables, frozen seafood
and consumer goods,
which it currently owns
two trucks.
PURCHASE
100%
of purchasing is
from local supplier.
SALES
100% of service
is to local end-users.
SUBSIDIARY AND AFFILIATED
COMPANY
The subject is
not found to
have any subsidiary
or affiliated company
here in Thailand.
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 for 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.
BANKING
The
subject was not
disclosed its banker’s
name.
EMPLOYMENT
The
subject currently employs
6 staff.
LOCATION
DETAILS
The
premise is owned for
administrative office at
the heading address.
Premise is located
in provincial, in the
Eastern Region.
COMMENT
The
subject was established
in October 2013.
It is considered
a newly established
company and small
logistics operator. Any
credit is not
recommended at a time being.
The
capital was registered
at Bht. 1,000,000 divided into
10,000 shares of
Bht. 100 each
with 25% paid-up.
[as
at October 3,
2013] at Bht.
250,000 of capitalization.
|
NAME |
HOLDING |
% |
|
|
|
|
|
Ms. Thitima Tapoothong Nationality: Thai Address : 151
Moo 7, T. Hualam,
A. Thaluang, Lopburi |
9,800 |
98.00 |
|
Mr. Manop Inta Nationality: Thai Address : 88/13
Moo 11, T. Nongkham, A.
Sriracha, Chonburi |
100 |
1.00 |
|
Mr. Jirawat Phanwor Nationality: Thai Address : 48
Moo 4, T. Pungkaew, A. Nonesa-ard, Udornthani |
100 |
1.00 |
Total Shareholders : 3
Share Structure [as
at October 3,
2013]
|
Nationality |
Shareholders |
No. of Share |
% Shares |
|
|
|
|
|
|
Thai |
3 |
10,000 |
100.00 |
|
Foreign |
- |
- |
- |
|
Total |
3 |
10,000 |
100.00 |
N/A
Note.
The 2013 financial
statement was not
available during investigation.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.72 |
|
|
1 |
Rs.100.81 |
|
Euro |
1 |
Rs.82.22 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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|
Report Prepared
by : |
PDT |
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.