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Report No. : |
336990 |
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Report Date : |
18.08.2015 |
IDENTIFICATION DETAILS
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Name : |
ANGEL SEAFOOD INTERNATIONAL CO., LTD. |
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Registered Office : |
279/9 Soi Meesuwan 3, Prakanongnua, Wattana, Bangkok 10110 |
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Country : |
Thailand |
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Date of Incorporation : |
10.07.2014 |
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Com. Reg. No.: |
0105557099114 |
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Legal Form : |
Private limited company |
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Line of Business : |
Subject is engaged in distributing
various kinds of seafood including
fish, shellfish, crab, shrimp |
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Thailand |
B1 |
A2 |
|
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, and generally pro-investment policies Thailand has historically had a strong economy due in part to competitive industrial and agriculture exports - mostly electronics, agricultural commodities, automobiles and parts, and processed foods. The economy experienced slow growth and declining exports in 2014, in part due to domestic political turmoil and sluggish global demand. With full employment, Thailand attracts an estimated 2-4 million migrant workers from neighboring countries, and faces labor shortages. Following the May 2014 coup d’�tat, tourism decreased 6-7% but is beginning to recover. The household debt to GDP ratio is over 80%. 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 baht has remained stable.
|
Source
: CIA |
ANGEL
SEAFOOD INTERNATIONAL CO.,
LTD.
BUSINESS ADDRESS : 279/9 SOI MEESUWAN
3, PRAKANONGNUA,
WATTANA, BANGKOK 10110, THAILAND
TELEPHONE : [66] 084
844-8906, 2000-9157
FAX : [66] 2000-9157
E-MAIL ADDRESS : -
REGISTRATION ADDRESS : SAME AS BUSINESS
ADDRESS
ESTABLISHED : 2014
REGISTRATION NO. : 0105557099114
TAX ID NO. : -
CAPITAL REGISTERED : BHT.
2,000,000
CAPITAL PAID-UP : BHT.
2,000,000
SHAREHOLDER’S PROPORTION : THAI :
100%
FISCAL YEAR CLOSING DATE : -
LEGAL STATUS : PRIVATE LIMITED
COMPANY
EXECUTIVE : MRS. SONWIYA RAKKEAT,
THAI
MANAGING DIRECTOR
NO. OF STAFF : 2
LINES OF BUSINESS : SEAFOOD
DISTRIBUTOR
OPERATING TREND : EARLY
STAGE
The subject
was established on
July 10, 2014
as a private
limited company under
the registered name ANGEL
SEAFOOD INTERNATIONAL CO., LTD., by Thai group,
with the business objective to distribute
various kinds of
seafood. It currently employs 2
staff.
The subject’s
registered address was
initially located at
53 Soi Pattanakarn
48,
Pattanakarn Road, Suanluang,
Bangkok 10250.
On August
4, 2015, its
registered address was
relocated to 279/9
Soi Meesuwan 3,
Prakanongnua, Wattana, Bangkok 10110, and
this is the
subject’s current operation
address.
|
Name |
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Nationality |
Age |
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Mrs. Sonwiya Rakkeat |
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Thai |
40 |
The above director
signs on behalf
of the subject
with company’s affixed.
Mrs. Sonwiya Rakkeat
is the Managing
Director.
She is Thai
nationality with the
age of 40
years old.
The subject is
engaged in distributing
various kinds of
seafood including fish,
shellfish, crab, shrimp
100% of the
products is purchased
from local suppliers.
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.
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 2 staff.
The premise is
rented for administrative office
at the heading
address. Premise is located
in commercial/residential area.
The subject is
considered as a
newly established firm
without any financial
statement available for a time
being, therefore the
credit amount should
be treated on
a secured basis.
The capital was
registered at Bht. 2,000,000
divided into 20,000 shares of
Bht. 100 each with
fully paid.
[as at July
7, 2014]
|
NAME |
HOLDING |
% |
|
|
|
|
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Mr. Puthasa
Sarikoset Nationality: Thai Address
: 20 Soi
3, Sudbanthad Road,
T. Pakpriew, A. Muang, Saraburi
|
14,000 |
70.00 |
|
Mrs. Sonwiya Rakkeat Nationality: Thai Address
: 52 Moo
3, T. Muangkluang, A. Kapur,
Ranong |
5,000 |
25.00 |
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Mr. Nopporn
Sutthiprapa Nationality: Thai Address
: 143/143 Moo
7, T. Laharn, A. Bangbuathong, Nonthaburi |
1,000 |
5.00 |
Total Shareholders : 3
Share Structure [as
at July 7,
2014]
|
Nationality |
Shareholders |
No. of
Share |
% Shares |
|
|
|
|
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Thai |
3 |
20,000 |
100.00 |
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Foreign |
- |
- |
- |
|
Total |
3 |
20,000 |
100.00 |
None
Note:
The 2014 financial
statement has not
yet available during
investigation.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.22 |
|
UK Pound |
1 |
Rs.102.23 |
|
Euro |
1 |
Rs.72.39 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
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Report Prepared
by : |
TRU |
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.