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Report No. : |
330043 |
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Report Date : |
03.07.2015 |
IDENTIFICATION DETAILS
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Name : |
THAI DRIED FISH CO., LTD. |
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Registered Office : |
21st Floor, Ssp
Tower, 555/59 Soi Sukhumvit
63 [Ekamai], Sukhumvit
Road, Klongtonnua,
Wattana, Bangkok 10110 |
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Country : |
Thailand |
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Date of Incorporation : |
07.07.2014 |
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Com. Reg. No.: |
0105557095879 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
The subject is engaged
in importing, distributing and
exporting various kinds
of dried seafood
products, such as dried
fishes. |
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No. of Employees : |
02 |
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 |
B1 |
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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 has
historically had a strong economy due in part to 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 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 |
THAI DRIED FISH CO., LTD.
BUSINESS ADDRESS : 21st
FLOOR, SSP TOWER,
555/59 SOI
SUKHUMVIT 63 [EKAMAI],
SUKHUMVIT ROAD,
KLONGTONNUA,
WATTANA, BANGKOK
10110, THAILAND
TELEPHONE : [66] 2381-2013-18, 083
854-7771
FAX : [66] 2381-2322
E-MAIL ADDRESS : nawani1972@gmail.com
kmnawani@gmail.com
REGISTRATION ADDRESS : SAME AS BUSINESS
ADDRESS
ESTABLISHED : 2014
REGISTRATION NO. : 0105557095879
TAX ID NO. : 3036655879
CAPITAL REGISTERED : BHT.
100,000
CAPITAL PAID-UP : BHT.
100,000
SHAREHOLDER’S PROPORTION : THAI :
100%
FISCAL YEAR CLOSING DATE : -
LEGAL STATUS : PRIVATE LIMITED COMPANY
EXECUTIVE : MR.
KITTI NAWANI, THAI
MANAGING DIRECTOR
NO. OF STAFF : 2
LINES OF BUSINESS : DRIED
SEAFOOD PRODUCTS
IMPORTER, DISTRIBUTOR
AND EXPORTER
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CORPORATE PROFILE |
OPERATING TREND : EARLY
STAGE
HISTORY
The subject was
established on July
7, 2014 as a
private limited company
under the registered name THAI DRIED FISH CO., LTD., by Thai group,
with the business objective to engage in trading
business of dried
seafood products. It currently
employs 2 staff.
The subject’s registered
address was initially
at 246/2 Soi Onnuch
46, Suanluang, Bangkok
10250.
On June 4,
2015, the subject’s
registered and business
address was relocated
to 21st Floor,
SSP Tower, 555/59
Soi Sukhumvit 63
[Ekamai], Sukhumvit Road,
Klongtonnua, Wattana, Bangkok
10110, and this
is the subject’s
current operation address.
THE BOARD
OF DIRECTOR
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Name |
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Nationality |
Age |
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Mr. Kitti Nawani |
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Thai |
68 |
AUTHORIZED PERSON
The above director
signs on behalf
of the subject
with company’s affixed.
MANAGEMENT
Mr. Kitti Nawani is
the Managing Director.
He is Thai
nationality with the
age of 68 years
old.
BUSINESS OPERATIONS
The subject is
engaged in importing,
distributing and exporting
various kinds of
dried seafood products,
such as dried fishes.
Its business has
been started in
June 2015.
PURCHASE
The products are
purchased from suppliers
both domestic and
overseas in Republic
of China, India
and Japan.
SALES
The products are
sold by wholesale
to customers both
local and overseas
in India and
the countries in Europe.
SUBSIDIARY AND
AFFILIATED COMPANY
Nawani Co., Ltd.
Business Type : Trading company in
foods and beverages products
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
Kasikornbank Public Co.,
Ltd.
EMPLOYMENT
The subject currently
employs 2 staff.
LOCATION DETAILS
The premise is
rented for administrative office
at the heading
address. Premise is
located in commercial/residential area.
COMMENT
The subject was
established in 2014.
However, its business
has been started
in June 2015,
therefore any business
engagement should be
on secured basis only.
FINANCIAL INFORMATION
The capital was
registered at Bht. 100,000
divided into 1,000 shares of
Bht. 100 each with
fully paid.
THE SHAREHOLDERS
LISTED WERE : [as at
June 1, 2015]
|
NAME |
HOLDING |
% |
|
|
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Mr. Kitti Nawani Nationality: Thai Address : 12/5
Soi Sukhumvit 33,
Klongtonnua,
Wattana, Bangkok |
900 |
90.00 |
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Nawani Co., Ltd. Nationality: Thai Address : 555/59
Soi Sukhumvit 63
[Ekamai], Klongtonnua, Wattana,
Bangkok |
90 |
9.00 |
|
Mrs. Thanyatip Poolges Nationality: Thai Address : 55/216
Moo 1, Bangbuathong, Nonthaburi |
10 |
1.00 |
Total Shareholders : 3
Share Structure [as
at June 1, 2015]
|
Nationality |
Shareholders |
No. of Share |
% Shares |
|
|
|
|
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Thai |
3 |
1,000 |
100.00 |
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Foreign |
- |
- |
- |
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Total |
3 |
1,000 |
100.00 |
Note
The 2014 financial statement has not yet available during investigation.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.57 |
|
|
1 |
Rs.99.20 |
|
Euro |
1 |
Rs.70.35 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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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.