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Report Date : |
18.09.2014 |
IDENTIFICATION DETAILS
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Name : |
SAMRUEAN TRADING CO., LTD. |
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Registered Office : |
35 Soi Nakniwat
42 Yaek 5-2,
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Country : |
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Date of Incorporation : |
09.07.2014 |
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Com. Reg. No.: |
0105557097898 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
The subject is
engaged in purchasing
and selling various
kinds of metal
scraps, such as
aluminium scrap, copper
scrap, iron scrap,
steel rod and
for recycle business. |
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No. of Employees |
2 |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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-- |
NB |
New Business |
-- |
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Status : |
New Business |
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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 |
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Very High |
C1 |
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Restricted |
C2 |
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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 |
SAMRUEAN TRADING
CO., LTD.
BUSINESS ADDRESS : 35 SOI NAKNIWAT
42 YAEK 5-2,
NAKNIWAT ROAD,
LADPRAO, BANGKOK
10230, THAILAND
TELEPHONE : [66] 089
477-2233, 081 817-9201
FAX : -
E-MAIL ADDRESS : -
REGISTRATION ADDRESS : SAME AS BUSINESS
ADDRESS
ESTABLISHED : 2014
REGISTRATION NO. : 0105557097898
TAX ID NO. : -
CAPITAL REGISTERED : BHT.
3,000,000
CAPITAL PAID-UP : BHT.
3,000,000
SHAREHOLDER’S PROPORTION : THAI :
100%
FISCAL YEAR CLOSING DATE : -
LEGAL STATUS : PRIVATE LIMITED
COMPANY
EXECUTIVE : MR.
SIRISAKUL SUWANNAPA, THAI
MANAGING DIRECTOR
NO. OF STAFF : 2
LINES OF BUSINESS : PURCHASE AND
SELL OF METAL
SCRAPS FOR
RECYCLING
OPERATING TREND : STABLE
PRESENT SITUATION : OPERATING NORMALLY
REPUTATION : -
MANAGEMENT STANDARD : -
The subject was
established on July 9,
2014 as a
private limited company
under the registered
name SAMRUEAN TRADING CO.,
LTD., by Thai groups, with
the business objective to purchase
and sale various
kinds of metal scraps for
recycle business. It
currently employs 2
staff.
The subject’s registered
address is 35
Soi Nakniwat 42
Yeak 5-2, Nakniwat
Road, Ladprao, Bangkok
10230, and this
is the subject’s
current operation address.
|
Name |
|
Nationality |
Age |
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|
Mr. Sirisakul Suwannapa |
|
Thai |
29 |
The above director
signs on behalf
of the subject
with company’s affixed.
Mr. Sirisakul Suwannapa is
the Managing Director.
He is Thai
nationality with the
age of 29 years
old.
The subject is
engaged in purchasing
and selling various
kinds of metal
scraps, such as
aluminium scrap, copper
scrap, iron scrap,
steel rod and
etc., for recycle
business.
100% of the
products is purchased
from local suppliers.
100% of the
products is sold
locally by wholesale
to manufacturers 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
for 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 Siam Commercial
Bank Public Co.,
Ltd.
The subject currently
employs 2 staff.
The premise is
owned for administrative office
and warehouse at
the heading address.
Premise is located
in commercial/residential area.
The subject is
considered a newly
established company. Subject
has yet disclosed
its operation due
to it is
still in early
stage.
The capital was registered at Bht. 3,000,000
divided into 10,000 shares
of Bht. 300 each
with fully paid.
[as at May
15, 2014]
|
NAME |
HOLDING |
% |
|
|
|
|
|
Mr. Sirisakul Suwannapa Nationality: Thai Address : 1267
Moo 6, T. Nachaliang, A. Nongphai, Petchabun |
9,800 |
98.00 |
|
Mr. Pumipat Wannangkul Nationality: Thai Address : 55/331
Soi Phrayasurane 44,
Samwatawantok, Klongsamwa, Bangkok |
100 |
1.00 |
|
Ms. Supaporn Saengpho Nationality: Thai Address : 35
Soi Nakniwat 42,
Yaek 5-2,
Nakniwat Road, Ladprao,
Bangkok |
100 |
1.00 |
Total Shareholders : 3
Share Structure
[as at May 15,
2014]
|
Nationality |
Shareholders |
No. of Share |
% Shares |
|
|
|
|
|
|
Thai |
3 |
10,000 |
100.00 |
|
Foreign |
- |
- |
- |
|
Total |
3 |
10,000 |
100.00 |
Note:
Due to the
subject was established
in July 2014, therefore financial
information is not
yet available.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.95 |
|
UK Pound |
1 |
Rs.99.32 |
|
Euro |
1 |
Rs.78.97 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
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|
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 |
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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.