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Report No. : |
309587 |
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Report Date : |
27.02.2015 |
IDENTIFICATION DETAILS
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Name : |
MAENAM SEAFOOD AND RESORT CO., LTD. |
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Registered Office : |
225 Moo 6, Wongthong Lakeside Village, Ropburiramed Road, T. Namnoi, A. Hatyai, Songkhla 90110 |
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Country : |
Thailand |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
03.02.2012 |
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Com. Reg. No.: |
0905555002337 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Subject is engaged in trading
business various kinds
of foods, agricultural and
industrial products. |
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No. of Employee : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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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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Status : |
Not yet started its business activity |
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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 |
|
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, 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.
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Source
: CIA |
MAENAM SEAFOOD AND RESORT CO., LTD.
REGISTRATION
ADDRESS : 225
MOO 6, WONGTHONG
LAKESIDE VILLAGE,
ROPBURIRAMED ROAD,
T. NAMNOI,
A.
HATYAI, SONGKHLA 90110,
THAILAND
TELEPHONE
NO. : [66]
086 483-3358, 74
801-625, 097 234-5863
FAX
NO. : [66]
74 801-625
ESTABLISHED
: 2012
REGISTRATION
NO. : 0905555002337
TAX
ID NO. : 3035167755
CAPITAL REGISTERED : BHT. 10,000,000
CAPITAL PAID-UP : BHT.
10,000,000
SHAREHOLDER’S PROPORTION : THAI
: 100%
FISCAL YEAR CLOSING DATE : DECEMBER 31
LEGAL
STATUS : PRIVATE LIMITED
COMPANY
LINES
OF BUSINESS : FOODS, AGRICULTURAL
& INDUSTRIAL PRODUCTS
TRADING COMPANY
OPERATING
TREND : NO
ACTIVITY
The
subject was established on July
3, 2012 as a private limited company under the
registered name MAENAM SEAFOOD AND RESORT CO.,
LTD., by Thai groups,
with the objective
to be engaged in
trading business various
kinds of foods,
agricultural and industrial
products.
The subject’s registered
address is 225 Moo
6, Wongthong Lakeside Village, Ropburiramed Rd.,
T. Namnoi, A. Hatyai,
Songkhla 90110.
|
Name |
|
Nationality |
Age |
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Mr. Thanasorn Poonsilp |
|
Thai |
63 |
The above director
signs on behalf
of the subject
with company’s affixed.
NOTE:
Please be informed
that the subject
is untraceable. We
found the company’s
telephone number 66 74
801-625, mobile phone
number 086 483-3358,
097 847-5863, 092
847-9238 and 086
483-3581, however they
were out of
lines.
Since
establishment in 2012,
the subject has
not yet started
its business. Any
business engagement is not
recommended.
The capital
was registered at
Bht. 10,000,000 divided into 100,000 shares
of Bht. 100 each with
fully paid.
THE SHAREHOLDERS LISTED WERE : [as at
April 30, 2014]
|
NAME |
HOLDING |
% |
|
|
|
|
|
Mr. Thanasorn Poonsilp Nationality: Thai Address : 181/268
Moo 6, T. Rusamilae, A.
Muang, Pattani |
90,000 |
90.00 |
|
Ms. Karnrak Muangdee Nationality: Thai Address : 218
Soi Pattanakarn 20,
Yaek 1, Suanluang,
Bangkok |
5,000 |
5.00 |
|
Ms. Wanphen Ratana-aroon Nationality: Thai Address : 8 Moo
1, T. Deeluang, A. Satingphra, Songkhla |
5,000 |
5.00 |
Total Shareholders : 3
Share Structure [as
at April 30, 2014]
|
Nationality |
Shareholders |
No. of Share |
% Shares |
|
|
|
|
|
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Thai |
3 |
100,000 |
100.00 |
|
Foreign |
- |
- |
- |
|
Total |
3 |
100,000 |
100.00 |
Ms. Tuanjit Samandecha No. 7376
The
latest financial figures
published for December
31, 2013 &
2012 were:
ASSETS
|
Current Assets |
2013 |
2012 |
|
|
|
|
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Cash & Cash
Equivalents |
45,000.00 |
9,945,000.00 |
|
Short-term Loan to Related Person |
9,900,000.00 |
- |
|
Other Current Assets
|
99,000.00 |
- |
|
Total Current Assets
|
10,044,000.00 |
9,945,000.00 |
|
Total Assets |
10,044,000.00 |
9,945,000.00 |
LIABILITIES &
SHAREHOLDERS' EQUITY [BAHT]
|
Current
Liabilities |
2013 |
2012 |
|
|
|
|
|
Other Current Liabilities |
13,000.00 |
4,000.00 |
|
Total Current Liabilities |
13,000.00 |
4,000.00 |
|
Total Liabilities |
13,000.00 |
4,000.00 |
|
|
|
|
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Shareholders' Equity |
|
|
|
|
|
|
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Share capital : Baht 100
par value authorized, issued
and fully paid share
capital 100,000 shares |
10,000,000.00 |
10,000,000.00 |
|
Capital Paid |
10,000,000.00 |
10,000,000.00 |
|
Retained Earning -
Unappropriated |
31,000.00 |
[59,000.00] |
|
Total Shareholders' Equity |
10,031,000.00 |
9,941,000.00 |
|
Total Liabilities & Shareholders' Equity |
10,044,000.00 |
9,945,000.00 |
|
Revenue |
2013 |
2012 |
|
|
|
|
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Interest Income |
99,000.00 |
- |
|
Total Revenues |
99,000.00 |
- |
|
Expenses |
|
|
|
|
|
|
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Administrative Expenses |
9,000.00 |
59,000.00 |
|
Total Expenses |
9,000.00 |
59,000.00 |
|
Profit / [Loss] before Income
Tax |
90,000.00 |
[59,000.00] |
|
Income Tax |
- |
- |
|
Net Profit / [Loss] |
90,000.00 |
[59,000.00] |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.94 |
|
|
1 |
Rs.96.24 |
|
Euro |
1 |
Rs.70.39 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
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Report Prepared
by : |
ANK |
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 |
|
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.