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Report No. : |
336500 |
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Report Date : |
18.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
PARAGON CHEMICAL CO., LTD. |
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Registered Office : |
148/4 Room 55/1, Pattanachonnaboth Road, Klongsong
Tonnoon, Ladkrabang, Bangkok 10520 |
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Country : |
Thailand |
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Date of Incorporation : |
12.03.2014 |
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Com. Reg. No.: |
0105557036988 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer and Distributor of Industrial Chemicals. |
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No. of Employees : |
3 |
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 |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
|
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 |
PARAGON CHEMICAL CO., LTD.
BUSINESS
ADDRESS : 148/4
ROOM 55/1, PATTANACHONNABOTH ROAD,
KLONGSONG TONNOON,
LADKRABANG,
BANGKOK 10520,
THAILAND
TELEPHONE : [66] 2557-2189
FAX :
[66] 2557-2189
E-MAIL
ADDRESS : -
REGISTRATION
ADDRESS : 283/120 SOI
LADPRAO 121, LADPRAO
ROAD,
KLONGCHAN, BANGKAPI,
BANGKOK 10230,
THAILAND
ESTABLISHED
: 2014
REGISTRATION
NO. : 0105557036988
TAX
ID NO. : 3036371465
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 : MRS.
JIDAPA WANGPASUK, THAI
MANAGING DIRECTOR
NO.
OF STAFF : 3
LINES
OF BUSINESS : INDUSTRIAL CHEMICALS
IMPORTER AND
DISTRIBUTOR
OPERATING
TREND : EARLY
STAGE
The
subject was established
on March 12, 2014
as a private
limited company under
the registered name
PARAGON CHEMICAL CO.,
LTD., by Thai group, with
the business objective
to import and distribute
various kinds of
industrial chemicals. It currently
employs 3 staff.
The
subject’s registered address is
283/120 Soi Ladprao 121, Ladprao
Road, Klongchan, Bangkapi,
Bangkok 10230, while
the subject’s current
operation address is
148/4 Room 55/1,
Pattanachonnaboth Road, Klongsong
Tonnoon, Ladkrabang, Bangkok
10520.
|
Name |
|
Nationality |
Age |
|
|
|
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Mrs. Jidapa Wangpasuk |
|
Thai |
56 |
The above director
signs on behalf
of the subject
with company’s affixed.
Mrs. Jidapa Wangpasuk
is the Managing
Director.
She is Thai
nationality with the
age of 56 years
old.
The subject is
engaged in importing
and distributing various kinds
of industrial chemicals.
The products are
imported according to
customer’s requirement. Its
business has been started
in 2015.
PURCHASE
The products are
purchased from suppliers
both domestic and
overseas in Republic
of China.
SALES
100% of the
products is sold
locally by wholesale
to manufacturers and
end-users.
Pandragon Chemical Co.,
Ltd.
Business Type : Importer and
distributor of industrial
chemicals
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 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.
Imports are by
T/T.
Bangkok Bank Public Co., Ltd.
The subject currently employs 3 staff.
The premise is rented for administrative office
at the heading
address. Premise is
located in commercial/residential area.
The subject
was established in
2014. However, its
operation has been
started in 2015,
while its financial
performance has yet
been released. Therefore,
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 February
26, 2014]
|
NAME |
HOLDING |
% |
|
|
|
|
|
Mrs. Varunee Boonmalert Nationality: Thai Address : 141
Soi Ladprao 132,
Klongchan,
Bangkapi, Bangkok |
9,800 |
98.00 |
|
Mrs. Atiporn Kaewchanthong Nationality: Thai Address : 19/80
Moo 9, Lamplatiew,
Ladkrabang,
Bangkok |
100 |
1.00 |
|
Ms. Nichada Damart Nationality: Thai Address : 2/5
Moo 4, T. Lamliang, A. Kraburi, Ranong |
100 |
1.00 |
Total Shareholders : 3
Share Structure [as
at February 26,
2014]
|
Nationality |
Shareholders |
No. of Share |
% Shares |
|
|
|
|
|
|
Thai |
3 |
10,000 |
100.00 |
|
Foreign |
- |
- |
- |
|
Total |
3 |
10,000 |
100.00 |
None
The 2014 financial statement
has not yet
available during investigation.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.22 |
|
|
1 |
Rs.102.23 |
|
Euro |
1 |
Rs.72.39 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
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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 |
|
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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 |
|
|
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 |
|
|
<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.