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Report No. : |
348819 |
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Report Date : |
07.11.2015 |
IDENTIFICATION DETAILS
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Name : |
NEWLIFE [THAILAND] CO., LTD. |
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Registered Office : |
103/2910 Moo 4, Lamtoiting, Nongjok, Bangkok 10530 |
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Country : |
Thailand |
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Date of Incorporation : |
17.08.2015 |
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Com. Reg. No.: |
0105558132280 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Subject
is engaged in distributing wide range of foods and agricultural products such as fresh fruits,
vegetables and others according to customer’s requirement. |
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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 |
|
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'etat, 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 |
NEWLIFE [THAILAND]
CO., LTD.
BUSINESS ADDRESS : 103/2910 MOO
4, LAMTOITING, NONGJOK,
BANGKOK 10530,
THAILAND
TELEPHONE
: [66] 086
663-5715
FAX :
-
E-MAIL ADDRESS : -
REGISTRATION ADDRESS : SAME
AS BUSINESS ADDRESS
ESTABLISHED : 2015
REGISTRATION NO. : 0105558132280
TAX ID NO. : 3037196135
CAPITAL REGISTERED : BHT.
1,000,000
CAPITAL PAID-UP
: BHT. 250,000
SHAREHOLDER’S PROPORTION : THAI : 100%
FISCAL YEAR CLOSING DATE : -
LEGAL STATUS : PRIVATE LIMITED
COMPANY
EXECUTIVE
: MR. ANUWAT BENJANAWEE,
THAI
MANAGING DIRECTOR
NO. OF
STAFF : 2
LINES OF
BUSINESS : FOODS
AND AGRICULTURAL PRODUCTS
DISTRIBUTOR
OPERATING TREND : EARLY
STAGE
PRESENT SITUATION : -
REPUTATION : -
MANAGEMENT STANDARD : -
The subject
was established on
August 17, 2015
as a private
limited company under
the registered name NEWLIFE [THAILAND]
CO., LTD., by Thai group,
with the business
objective to distribute
foods and agricultural
products. It currently
employs 2 staff.
The subject’s registered address is 103/2910
Moo 4, Lamtoiting, Nongjok,
Bangkok 10530, and this
is the subject’s
current operation address.
|
Name |
|
Nationality |
Age |
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Mr. Anuwat
Benjanawee |
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Thai |
36 |
The above director
signs on behalf
of the subject
with company’s affixed.
Mr. Anuwat Benjanawee is
the Managing Director.
He is Thai
nationality with the
age of 36
years old.
The subject
is engaged in
distributing wide range
of foods and agricultural products
such as fresh
fruits, vegetables and
others according to
customer’s requirement.
100% of the
products is purchased
from local suppliers.
100% of the
products is sold
locally to wholesalers
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.
Others
There are no legal
suits filed against the
subject according for
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.
N/A
The subject
currently employs 2 staff.
The premise
is owned for administrative office
at the heading
address. Premise is
located in commercial/residential area.
The subject
was established in
August 2015. It
is in early
stage of operation,
therefore, any business
engagement should be
on secured basis.
The capital
was registered at
Bht. 1,000,000 divided
into 1,000 shares
of Bht. 1,000
Each, with
the current capital
paid-up at Bht.
250,000 or 1,000
shares of Bht.
250 each.
[as at
July 30, 2015]
|
NAME |
HOLDING |
% |
|
|
|
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Mr. Anuwat
Benjanawee Nationality: Thai Address : 8
Soi Chalongkrung 46,
Lamplatiw,
Ladkrabang, Bangkok |
600 |
60.00 |
|
Mr. Veerasak Rodsri Nationality: Thai Address : 198/13
Moo 11, T. Nongkham,
A. Sriracha, Chonburi |
200 |
20.00 |
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Ms. Wanwisa Murphy Nationality: Thai Address : 103/3114
Moo 4, Lamtoiting,
Nongjok,
Bangkok |
200 |
20.00 |
Total
Shareholders : 3
Share Structure [as at
July 30, 2015]
|
Nationality |
Shareholders |
No.
of Share |
% Shares |
|
|
|
|
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Thai |
3 |
1,000 |
100.00 |
|
Foreign |
- |
- |
- |
|
Total |
3 |
1,000 |
100.00 |
Note:
Due to the
subject was established
in 2015, therefore
financial statement has
not yet available.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.79 |
|
UK Pound |
1 |
Rs.99.95 |
|
Euro |
1 |
Rs.71.55 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
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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.