|
Report Date : |
31.05.2014 |
IDENTIFICATION DETAILS
|
Correct Name : |
UNCHAREE EXPORTS & IMPORTS INC. |
|
|
|
|
Registered Office : |
16/1
Huaykaew Road, A. Muang, Chiangmai 50300 |
|
|
|
|
Country : |
Thailand |
|
|
|
|
Year of Establishment : |
2010 |
|
|
|
|
Legal Form : |
representative office of
Inflight Direct Limited in U.K. |
|
|
|
|
Line of Business : |
engaged in
exporting of printing
papers, copy papers
and soybean seeds. |
|
|
|
|
No of Employees : |
15 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
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 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 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate 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 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 |
UNCHAREE EXPORTS & IMPORTS INC.
BUSINESS
ADDRESS : 16/1
HUAYKAEW ROAD, A. MUANG,
CHIANGMAI 50300,
THAILAND
TELEPHONE : [66] 096
523-3447
FAX :
-
E-MAIL
ADDRESS : sales.lasudee.unchareeexports@gmail.com
REGISTRATION
ADDRESS : SAME
AS BUSINESS ADDRESS
ESTABLISHED
: 2010
REGISTRATION
NO. : -
TAX
ID NO. : -
CAPITAL REGISTERED : -
CAPITAL PAID-UP : -
SHAREHOLDER’S PROPORTION : -
FISCAL YEAR CLOSING DATE : -
COMPANY
STATUS : REPRESENTATIVE OFFICE
EXECUTIVE : MR. LASUDEE POU,
THAI
MANAGER
NO.
OF STAFF : 15
LINES
OF BUSINESS : PRINTING PAPERS
AND SOYBEAN SEEDS
EXPORTER
OPERATING
TREND : STABLE
PRESENT
SITUATION : OPERATING NORMALLY
REPUTATION : -
MANAGEMENT
STANDARD : -
The
subject was set up in
2010 as a
representative agent of
Inflight Direct Limited,
which is located
in United Kingdom.
Its business objective is to export
printing papers and
soybean seeds. It
currently employs 15
staff.
The
subject’s current operation
address is 16/1
Huaykaew Road, A. Muang,
Chiangmai 50300.
Mr. Lasudee Pou
is the Manager.
He is Thai
nationality.
The subject
is engaged in
exporting of printing
papers, copy papers
and soybean seeds.
PURCHASE
100%
of the products
is purchased from
local suppliers.
EXPORT
100% of the
products is exported
to Singapore, India,
Indonesia, Iran and the
countries in Africa.
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
for the past
two years.
CREDIT
Local bills are
paid by cash
or on the
credits term of
30-60 days.
Exports are against
T/T.
BANKING
The
banker’s name was
not disclosed.
EMPLOYMENT
The
subject currently employs 15
staff.
LOCATION DETAILS
The
premise is rented for
administrative office at
the heading address.
Premise is located
in provincial, in the
northern region.
Note:
Due
to the subject’s
business has not been
registered at the
Commercial Registration Department
in Thailand, thus
there is no
financial information available.
COMMENT
The subject was not
registered as the
company in Thailand.
It is a representative office
of Inflight Direct Limited in
U.K. Without financial
information, any business
engagement should be
on secured basis
only.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.03 |
|
UK Pound |
1 |
Rs.98.91 |
|
Euro |
1 |
Rs.80.33 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
MNL |
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.