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MIRA INFORM REPORT
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Report No. : |
504085 |
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Report Date : |
19.04.2018 |
IDENTIFICATION DETAILS
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Name : |
SHOWAHOLIC COMPANY LIMITED |
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Registered Office : |
8/4 Permsin Road, Ao Ngern, Saimai, Bangkok 10220 |
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Country : |
Thailand |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
16.07.2015 |
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Com. Reg. No.: |
0105558115946 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
The subject’s activity
is to provide
production service of
documentary for television
broadcasting program |
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No. of Employees : |
3 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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Thailand |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
THAILAND - ECONOMIC OVERVIEW
With a relatively well-developed infrastructure, a free-enterprise economy, and generally pro-investment policies, Thailand is highly dependent on international trade, with exports accounting for about two-thirds of GDP. Thailand’s exports include electronics, agricultural commodities, automobiles and parts, and processed foods. The industry and service sectors produce about 90% of GDP. The agricultural sector, comprised mostly of small-scale farms, contributes only 10% of GDP but employs about one-third of the labor force. Thailand has attracted an estimated 3.0-4.5 million migrant workers, mostly from neighboring countries.
Over the last few decades, Thailand has reduced poverty substantially. In 2013, the Thai Government implemented a nationwide 300 baht (roughly $10) per day minimum wage policy and deployed new tax reforms designed to lower rates on middle-income earners.
Thailand’s economy is recovering from slow growth during the years since the 2014 coup. Thailand’s economic fundamentals are sound, with low inflation, low unemployment, and reasonable public and external debt levels. Tourism and government spending - mostly on infrastructure and short-term stimulus measures – have helped to boost the economy, and The Bank of Thailand has been supportive, with several interest rate reductions.
Over the longer-term, household debt levels, political uncertainty, and an aging population pose risks to growth.
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Source : CIA |
Company
name
SHOWAHOLIC
COMPANY LIMITED
SUMMARY
BUSINESS
ADDRESS : 8/4
PERMSIN ROAD, AO
NGERN, SAIMAI,
BANGKOK 10220,
THAILAND
TELEPHONE : [66] 084
699-7595
FAX :
-
E-MAIL
ADDRESS : -
REGISTRATION
ADDRESS : SAME
AS BUSINESS ADDRESS
ESTABLISHED
: 2015
REGISTRATION
NO. : 0105558115946
TAX
ID NO. : 3037507702
CAPITAL REGISTERED : BHT. 1,000,000
CAPITAL PAID-UP : BHT.
1,000,000
SHAREHOLDER’S PROPORTION : THAI : 100%
FISCAL YEAR CLOSING DATE : DECEMBER 31
LEGAL
STATUS : PRIVATE LIMITED
COMPANY
EXECUTIVE : MR.
RITTHEE SRIRATTANA, THAI
MANAGING DIRECTOR
NO.
OF STAFF : 3
LINES
OF BUSINESS : DOCUMENTARY PRODUCTION
SERVICE
PROVIDER
CORPORATE
PROFILE
OPERATING
TREND : EARLY
STAGE
PRESENT
SITUATION : OPERATING NORMALLY
HISTORY
The
subject was established
on July 16,
2015 as a
private limited company
under the registered
name SHOWAHOLIC COMPANY
LIMITED by Thai group,
with business objective
to provide production service
for documentary. It
currently employs 3
staff.
The
subject’s registered address
was initially located
at 51/714 Sena
88 Village,
Soi
Nualchan 17, Nualchan
Road, Nualchan, Buengkum,
Bangkok 10240.
On
February 22, 2018,
its registered address
was relocated to 8/4 Permsin
Road,
Ao
Ngern, Saimai, Bangkok
10220, 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. Ritthee Srirattana |
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Thai |
44 |
AUTHORIZED PERSON
The above director
signs on behalf
of the subject
with company’s affixed.
MANAGEMENT
Mr. Ritthee Srirattana is
the Managing Director.
He is Thai
nationality with the
age of 44
years old.
BUSINESS OPERATIONS
The subject’s
activity is to
provide production service
of documentary for television broadcasting
program. It has
started the commercial
activity in 2018.
PURCHASE
100% of purchasing
is from local
supplier.
SERVICES
100% of the
products is served
locally to end-users.
SUBSIDIARY AND AFFILIATED
COMPANY
The subject is
not found to
have any subsidiary
or affiliated company
here in Thailand.
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 IRICO’S
DATABASE for the
past two years.
CREDIT
Sales / services are
by cash or
on negotiated terms.
Local bills are
paid by cash
or on negotiated
terms.
BANKING
N/A
EMPLOYMENT
The
subject currently employs
3 staff.
LOCATION
DETAILS
The
premise is rented for
administrative office at
the heading address.
Premise is located
in residential area.
Note:
Refer
to your given the
subject’s address at “B/4 Casa City
Village,
Permsin-Watcharapol, Ao Ngern,
Saimai, Bangkok 10220”,
please be informed
that the correct
address is “8/4 Permsin Road,
Ao Ngern, Saimai,
Bangkok 10220”.
COMMENT
Though
the subject was
established in 2015,
its commercial activity
has been taken
place in 2018
in which the
subject expects the
sales or service
income this year.
Therefore, small credit
amount should be
treated on a
secured basis only.
FINANCIAL
INFORMATION
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 April 30,
2017]
|
NAME |
HOLDING |
% |
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Mr. Ritthee Srirattana Nationality: Thai Address : 1205/16
Soi Ladprao 94,
Plubpla,
Wangthonglang, Bangkok |
9,900 |
99.00 |
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Ms. Tanapat Kanarak Nationality: Thai Address : 4/49
Rama 1 Road,
Rongmuang,
Pathumwan, Bangkok |
99 |
0.99 |
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Mrs. Intira Chaimongkol Nationality: Thai Address : 212
Soi Chokechai-Ruammit, Jompol, Jatujak, Bangkok |
1 |
0.01 |
Total Shareholders : 3
SHARE STRUCTURE [AS
AT APRIL 30,
2017]
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Nationality |
Shareholders |
No. of
Share |
% Shares |
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Thai |
3 |
10,000 |
100.00 |
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Foreign |
- |
- |
- |
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Total |
3 |
10,000 |
100.00 |
NAME OF AUDITOR
& CERTIFIED PUBLIC
ACCOUNTANT NO.
Mr. Kittibodee Chongprasert No.
10863
Financials
SHOWAHOLIC COMPANY LIMITED
BALANCE SHEET [BAHT]
The
latest financial figures
published for December
31, 2016 and
2015 were:
ASSETS
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Current Assets |
2016 |
2015 |
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Cash and Cash Equivalents
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37,000.00 |
50,000.00 |
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Other Current Assets
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20,808.90 |
6,558.90 |
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Total Current Assets
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57,808.90 |
56,558.90 |
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Other Non-current Assets |
950,000.00 |
950,000.00 |
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Total Assets |
1,007,808.90 |
1,006,558.90 |
LIABILITIES & SHAREHOLDERS' EQUITY [BAHT]
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Current Liabilities |
2016 |
2015 |
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Trade Account and
Other Payable |
10,500.00 |
13,000.00 |
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Total Current Liabilities |
10,500.00 |
13,000.00 |
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Total Liabilities |
10,500.00 |
13,000.00 |
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Shareholders' Equity |
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Share capital : Baht 100
par value authorized, issued
and fully paid share
capital 10,000 shares |
1,000,000.00 |
1,000,000.00 |
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Capital Paid |
1,000,000.00 |
1,000,000.00 |
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Retained Earning - Unappropriated
[Deficit] |
[2,691.10] |
[6,441.10] |
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Total Shareholders' Equity |
997,308.90 |
993,558.90 |
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Total Liabilities and Shareholders' Equity |
1,007,808.90 |
1,006,558.90 |
PROFIT & LOSS
ACCOUNT
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Revenue |
2016 |
2015 |
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Other Income |
14,250.000 |
6,558.90 |
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Total Revenues |
14,250.000 |
6,558.90 |
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Expenses |
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Employee Benefits Expenses |
10,500.00 |
13,000.00 |
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Total Expenses |
10,500.00 |
13,000.00 |
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Profit / [Loss] before Income Tax
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3,750.00 |
[6,441.10] |
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Income Tax |
- |
- |
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Net Profit / [Loss] |
3,750.00 |
[6,441.10] |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.68 |
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1 |
INR 93.98 |
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Euro |
1 |
INR 81.30 |
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Thai baht |
1 |
INR 2.12 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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VAR |
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Report Prepared
by : |
TRU |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.