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Report No. : |
315349 |
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Report Date : |
03.04.2015 |
IDENTIFICATION DETAILS
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Name : |
QUALITY CERAMIC LTD. |
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Registered Office : |
59 Moo 4,
T. Pongyangkok, A. Hangchart,
Lampang 52190 |
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Country : |
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Date of Incorporation : |
07.01.2014 |
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Com. Reg. No.: |
0525557000033 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Subject is engaged in manufacturing, exporting
and distributing various
kinds of ceramic
tableware and household
products |
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No. of Employees : |
300 |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Thailand |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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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 |
QUALITY CERAMIC
LTD.
BUSINESS ADDRESS : 59 MOO 4, T.
PONGYANGKOK, A. HANGCHART,
LAMPANG 52190,
THAILAND
TELEPHONE : [66] 54
366-318, 54 367-719
FAX : [66] 54
366-319
E-MAIL ADDRESS : sujitra@qualityceramic.com
marketing@qualityceramic.com
REGISTRATION ADDRESS : SAME AS BUSINESS
ADDRESS
ESTABLISHED : 2014
REGISTRATION NO. : 0525557000033
TAX ID NO. : 3036258506
CAPITAL REGISTERED : BHT.
69,000,000
CAPITAL PAID-UP : BHT.
69,000,000
SHAREHOLDER’S PROPORTION : THAI :
100%
FISCAL YEAR CLOSING DATE : -
LEGAL STATUS : PRIVATE LIMITED
COMPANY
EXECUTIVE : MR. NANTAWAT LIMPAIBOON,
THAI
MANAGING DIRECTOR
NO. OF STAFF : 300
LINES OF BUSINESS : CERAMIC TABLEWARE
AND HOUSEHOLD
PRODUCTS
MANUFACTURER, EXPORTER
AND DISTRIBUTOR
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|
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CORPORATE PROFILE |
OPERATING TREND : STABLE
PRESENT SITUATION : OPERATING NORMALLY
REPUTATION : -
MANAGEMENT STANDARD : -
HISTORY
The subject was established
on January 7, 2014 as
a private limited
company under the merger
among 4 related companies namely, Q
Research & Development Co., Ltd., registered no. 0525551000015, Imperial
Pottery Co., Ltd.,
registered no. 0525544000170, Quality
Ceramic Co., Ltd., registered no. 0525536000093, and Pratima Concept
Co., Ltd. registered
no. 0525549000313, to the
new registered name, QUALITY CERAMIC
LTD., registered no. 0525557000033. Its
business objective is
to manufacture various
kinds of ceramic
tableware and household
products for domestic and
export markets. It
currently employs approximately
300 staff.
The subject’s registered
address is 59
Moo 4, T. Pongyangkok, A. Hangchart,
Lampang 52190, and
this is the
subject’s current operation
address.
THE BOARD
OF DIRECTOR
|
Name |
|
Nationality |
Age |
|
|
|
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Mr. Nantawat Limpaiboon |
|
Thai |
47 |
|
Mrs. Wipawan Limpaiboon |
|
Thai |
47 |
|
Mr. Vasu Sekararit |
|
Thai |
48 |
|
Mrs. Jutharat Nakwaree |
|
Thai |
44 |
|
Mr. Adisorn Mahamongkol |
|
Thai |
49 |
AUTHORIZED PERSON
Any two of
the above directors
can jointly sign
on behalf of
the subject with
company’s affixed.
MANAGEMENT
Mr. Nantawat Limpaiboon is
the Managing Director.
He is Thai nationality with
the age of 47
years old.
Mrs. Wipawan Limpaiboon is
the Deputy Managing
Director.
She is Thai
nationality with the
age of 47
years old.
BUSINESS OPERATIONS
The subject is
engaged in manufacturing, exporting
and distributing various
kinds of ceramic
tableware and household
products under its
own brand “QUALITIER”.
PURCHASE
Raw materials are
purchased from suppliers
both domestic and
overseas in Japan,
U.K., Republic of
China and India.
SALES
The products are
sold by wholesale
and retail to
traders and end-users, mainly
hotel and restaurant
business. 95% of
the products is
exported to Japan,
Republic of China,
U.S.A., and many
countries in Europe and Middle
East, the remaining 5% is
sold locally.
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.
Imports are by
T/T.
Exports are against
T/T.
BANKING
Bangkok Bank Public
Co., Ltd.
Krung Thai Bank
Public Co., Ltd.
EMPLOYMENT
The subject employs
approximately 300 staff.
LOCATION DETAILS
The premise is
owned for administrative office,
factory and warehouse at
the heading
address. Premise is
located in provincial.
Branches and Showrooms :
224 Moo 2, T.
Pongyangkok, A. Hangchart, Lampang
52190.
239 Moo 2, T.
Pongyangkok, A. Hangchart, Lampang
52190.
339 Moo 2, T.
Wangprao, A. Kohka, Lampang
52130.
COMMENT
The subject was
registered in 2014.
Upon the merger
of the previous
four companies, the
subject is an
experience company in manufacturing of
ceramic tableware and
household products. Good
and strong business
growth is expected
in long-term prospect.
FINANCIAL INFORMATION
The capital was
registered at Bht.
69,000,000 divided into
690,000 shares of
Bht. 100
each with fully
paid.
THE SHAREHOLDERS LISTED
WERE : [as at
January 7, 2014]
|
NAME |
HOLDING |
% |
|
|
|
|
|
Q Alliance Co.,
Ltd. Nationality: Thai Address : 59 Moo
4, T. Pongyangkok, A. Hangchart,
Lampang |
477,325 |
69.18 |
|
Mr. Nantawat Limpaiboon Nationality: Thai Address : 59 Moo
4, T. Pongyangkok, A. Hangchart,
Lampang |
100,475 |
14.56 |
|
Mrs. Wipawan Limpaiboon Nationality: Thai Address : 59 Moo
4, T. Pongyangkok, A. Hangchart,
Lampang |
70,420 |
10.21 |
|
Mr. Vasu Sekararit Nationality: Thai Address : 17/186
Moo 1, Ladprao,
Bangkok |
16,020 |
2.32 |
|
|
|
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Mr. Adisorn Mahamongkol Nationality: Thai Address : 29/350 Moo
2, Lampakchee, Nongjok,
Bangkok |
14,720 |
2.13 |
|
Mrs. Jutharat Nakwaree Nationality: Thai Address : 276/99
Chatchai Road, T. Sobtui, A.
Muang, Lampang |
11,040 |
1.60 |
Total Shareholders : 6
Share Structure [as
at January 7, 2014]
|
Nationality |
Shareholders |
No. of Share |
% Shares |
|
|
|
|
|
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Thai |
6 |
690,000 |
100.00 |
|
Foreign |
- |
- |
- |
|
Total |
6 |
690,000 |
100.00 |
Note:
The 2014 financial
statement was not
available during investigation.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.59 |
|
|
1 |
Rs.92.46 |
|
Euro |
1 |
Rs.67.51 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
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|
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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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 |
|
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
|
-- |
NB |
New Business |
-- |
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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.