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Report Date : |
11.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
JP SUCCESS
LOGISTIC CO., LTD. |
|
|
|
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Registered Office : |
289/154 Moo 6, T.
Tungsukla, A. Sriracha, Chonburi 20230,
|
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|
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|
Country : |
Thailand |
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|
|
|
Date of Incorporation : |
28.05.2014 |
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|
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Com. Reg. No.: |
0205557018474 |
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Legal Form : |
Private Limited Company |
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|
|
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Line of Business : |
Importer and
Distributor of Fruits and Vegetables. |
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|
|
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No. of Employees : |
5 |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
|
-- |
NB |
New Business |
-- |
|
|
Status : |
New Business |
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|
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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 |
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 |
JP SUCCESS LOGISTIC CO., LTD.
BUSINESS ADDRESS : 289/154 MOO
6, T. TUNGSUKLA, A. SRIRACHA,
CHONBURI 20230,
THAILAND
TELEPHONE : [66] 38
117-536, 083 084-7273
FAX :
[66] 38
177-536
E-MAIL ADDRESS : -
REGISTRATION ADDRESS : SAME AS
BUSINESS ADDRESS
ESTABLISHED : 2014
REGISTRATION NO. : 0205557018474
TAX ID NO. : 3036485902
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
EXECUTIVE : MS. PRAPHAI
ORTAN, THAI
MANAGING DIRECTOR
NO. OF STAFF : 5
LINES OF BUSINESS : FRUITS AND
VEGETABLES
IMPORTER AND
DISTRIBUTOR
OPERATING TREND : EARLY STAGE
The subject was
established on May
28, 2014 as
a private limited
company under the
registered name JP SUCCESS LOGISTIC CO., LTD., by Thai group,
with the business objective
to import and
distribute various kinds
of fruits and
vegetables to domestic
market. It currently
employs 5 staff.
The subject’s registered address
is 289/154 Moo 6, T. Tungsukla, A. Sriracha,
Chonburi 20230, and
this is the
subject’s current operation
address.
|
Name |
|
Nationality |
Age |
|
|
|
|
|
|
Ms. Praphai Ortan |
|
Thai |
33 |
|
Mr. Wanlop Khupkunkan |
|
Thai |
35 |
|
Ms.
Pronpimon Jantet |
|
Thai |
23 |
Any of
the above directors
can sign on
behalf of the
subject with company’s
affixed.
Ms. Praphai Ortan is the
Managing Director.
She is
Thai nationality with
the age of 33
years old.
The
subject is engaged
in importing and
distributing various kinds
of fruits and
vegetables such as
oranges and shallots.
PURCHASE
The products
are purchased from
suppliers both domestic
and overseas, in
Republic of China
and India.
SALES
100% of
the products is
sold locally by
wholesale to traders
and end-users.
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 the past
two years.
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.
The banker’s name
was not disclosed.
The subject currently
employs 5 staff.
The premise is
owned for administrative office
at the heading
address. Premise is
located in provincial.
The subject was
established in May
2014. It is
newly established firm
with no operating
result and financial
information at a time being.
Any business engagement
should be on
secured basis only.
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 24,
2014]
|
NAME |
HOLDING |
% |
|
|
|
|
|
Ms.
Praphai Ortan Nationality: Thai Address :
289/154 Moo 6, T. Tungsukla, A. Sriracha, Chonburi |
6,000 |
60.00 |
|
Mr.
Wanlop Khupkunkan Nationality: Thai Address :
289/154 Moo 6, T. Tungsukla, A. Sriracha, Chonburi |
2,000 |
20.00 |
|
Ms.
Pronpimon Jantet Nationality: Thai Address :
29/90 Moo 5,
T. Tungsukla, A. Sriracha, Chonburi |
2,000 |
20.00 |
Total Shareholders
: 3
Share Structure
[as at
May 24, 2014]
|
Nationality |
Shareholders |
No. of Share |
% Shares |
|
|
|
|
|
|
Thai |
3 |
10,000 |
100.00 |
|
Foreign |
- |
- |
- |
|
Total |
3 |
10,000 |
100.00 |
Note:
The subject
was established in May 2014,
therefore financial information
has not yet available.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.52 |
|
|
1 |
Rs.97.39 |
|
Euro |
1 |
Rs.76.16 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NIT |
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.