MIRA INFORM REPORT

 

 

Report Date :

27.11.2014

 

IDENTIFICATION DETAILS

 

Name :

JP SUCCESS LOGISTIC CO., LTD.

 

 

Registered Office :

289/154 Moo 6, T. Tungsukla, A. Sriracha, Chonburi 20230

 

 

Country :

Thailand

 

 

Date of Incorporation :

28.05.2014

 

 

Com. Reg. No.:

0205557018474

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Importer and Distributor of Fruits and Vegetables.

 

 

No. of Employees :

5

 

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

 

--

NB

New Business

--

 

 

Status :

New Business

 

 

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 – 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

Company Name

 

JP SUCCESS LOGISTIC CO., LTD.

 

 

SUMMARY

 

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

                                                                         

 

CORPORATE PROFILE

 

OPERATING  TREND                            :           EARLY  STAGE                       

             

 

HISTORY

 

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.  

 

 

THE BOARD OF DIRECTOR

 

     Name

 

Nationality

Age

 

 

 

 

Ms. Praphai  Ortan

 

Thai

33

Mr. Wanlop  Khupkunkan

 

Thai

35

Ms. Pronpimon  Jantet

 

Thai

23

 

 

AUTHORIZED PERSON

 

Any  of  the  above  directors  can  sign  on  behalf  of  the  subject  with  company’s  affixed.

 

 

MANAGEMENT

 

Ms. Praphai  Ortan   is  the  Managing  Director.

She  is  Thai  nationality  with  the  age  of  33 years  old.  

 

 

BUSINESS OPERATIONS

 

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.

 

 

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  to  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  banker’s  name  was  not  disclosed.

 

 

EMPLOYMENT

 

The  subject  currently  employs  5 staff.  

 

 

LOCATION DETAILS

 

The  premise  is  owned for  administrative  office  at  the  heading  address.  Premise  is  located  in  provincial.

 

 

COMMENT

 

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.

 

 

FINANCIAL INFORMATION

 

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.61.87

UK Pound

1

Rs.97.23

Euro

1

Rs.77.21

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.