MIRA INFORM REPORT

 

 

Report No. :

505536

Report Date :

28.04.2018

 

 

IDENTIFICATION DETAILS

 

Name :

LOGISTICS MANAGEMENT COMPANY LIMITED

 

 

Registered Office :

143/65 Moo 12, Theppasith Road, T. Nongprue, A. Banglamung, Chonburi 20150

 

 

Country :

Thailand

 

 

Date of Incorporation :

10.03.2017

 

 

Com. Reg. No.:

0105560040222

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Air/ Sea Freight Forwarder and Customer Clearance Services.

 

 

No. of Employees :

4

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

NB

 

Credit Rating

Explanation

 

Rating Comments

NB

New Business

No recommendation can be done due to business in infancy stage

 

 

Status :

New Business

 

 

Payment Behaviour :

Unknown

 

 

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

 

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

Thailand

A2

A2

 

Risk Category

ECGC

Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

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.

 

Source : CIA

 

 

COMPANY NAME

 

LOGISTICS MANAGEMENT COMPANY LIMITED

 

 

SUMMARY

 

BUSINESS  ADDRESS                          :           143/65  MOO  12,  THEPPASITH  ROAD,  T.

                                                                        NONGPRUE, A. BANGLAMUNG, CHONBURI 

                                                                        20150, THAILAND

TELEPHONE                                         :           [66]   33  071-722,  096  702-3583

FAX                                                      :           [66]   33  071-722

E-MAIL  ADDRESS                                :           info@rflogistics.co

REGISTRATION  ADDRESS                  :           SAME  AS  BUSINESS  ADDRESS

 

ESTABLISHED                                     :           2017

REGISTRATION  NO.                           :           0105560040222

TAX  ID  NO.                                         :           -

CAPITAL REGISTERED                         :           BHT.   2,000,000

CAPITAL PAID-UP                                :           BHT.   2,000,000

SHAREHOLDER’S  PROPORTION         :           THAI           :    55.00%

                                                                        INDIAN        :    45.00%

FISCAL YEAR CLOSING DATE              :           -            

LEGAL  STATUS                                  :           PRIVATE  LIMITED  COMPANY

EXECUTIVE                                          :           MR.  JEELANI  ABDUL  KADER  SHAIKH,  INDIAN

                                                                        MANAGING  DIRECTOR           

 

NO.  OF  STAFF                                   :           4

LINES  OF  BUSINESS                          :           AIR/ SEA  FREIGHT  FORWARDER  AND

                                                                        CUSTOMER CLEARANCE SERVICE

                                                                         

                                                                         

CORPORATE PROFILE

 

OPERATING  TREND                            :           EARLY  STAGE                       

PRESENT  SITUATION                          :           OPERATING  NORMALLY                     

             

 

 

 

 

HISTORY

 

The  subject  was  established  on  March  10,  2017  as  a  private  limited  company  under  the  registered  name  LOGISTICS  MANAGEMENT  COMPANY  LIMITED   by  Thai  and  Indian  groups,  with  the  business  objective  to  provide  air  and  sea  freight  forwarding  and  customs  clearance  services.  It currently employs 4 staff.  

 

The  subject’s  registered  address  was  initially  at  65/177  Rama  9  Road,  Huaykwang,  Bangkok  10310.

 

On  November   24,  2017,  its  registered  address  was  relocated  to  143/65  Moo  12, Theprasith  Road,  T. Nongprue,  A. Banglamung,  Chonburi  20150,  and  this  is  the subject’s  current  operation  address.  

 

 

THE BOARD OF DIRECTOR

 

     Name

Nationality

Age

 

 

 

Mr. Jeelani  Abdul  Kader  Shaikh

Indian

42

 

 

AUTHORIZED PERSON

 

The  above  director  signs  on  behalf  of  the  subject  with  company’s  affixed.

 

 

MANAGEMENT

 

Mr. Jeelani  Abdul  Kader  Shaikh  is  the  Managing  Director.

He  is  Indian  nationality  with  the  age  of  42  years  old.  

 

 

BUSINESS OPERATIONS

 

The  subject  is  engaged  in  providing  air  and  sea  freight  forwarding  and  customs  clearance  services.  Its  business   has  been  started  in  2017.

 

 

PURCHASE

 

100% of  purchasing  is  from  local  supplier.

 

 

SERVICES

 

100%  of  the  service  is  offered  to  both  local and  overseas  clients in  Japan,  India  and  Republic  of  China.

 

 

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  for  the  past  two  years.

 

 

CREDIT  

 

Sales  and  services  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.

 

 

BANKING

 

Kasikornbank  Public  Company  Limited

 

 

EMPLOYMENT

 

The  subject  currently  employs  4  staff.   

 

 

LOCATION DETAILS

 

The  premise  is  rented for  administrative  office  at  the  heading  address.  Premise  is  located  in  provincial,  in  the  Eastern  region.

 

Note

 

Refer  to  the given  address  in  your  order  “143/05  Moo  12,  Wangpura,  Banglamung,  Pattaya,  Phonburi  20150”,   please  be  informed  that  the  correct  address  should  be  “143/65  Moo  12,  Theprasith  Road,  T. Nongprue,  A. Banglamung,  Chonburi  20150.”

 

 

COMMENT

 

The  subject  is  considered  as  a  newly  established  firm  which  has  started  the  business  activity  in  2017.   As  there  is  no  sales  or  service  figures  available  for  a  time  being,  small  credit  amount  should  be  treated  on  a  secured  basis.

 

 

FINANCIAL INFORMATION

 

The capital was registered at Bht. 2,000,000 divided into 20,000 shares of Bht. 100 each with fully paid.

 

 

THE SHAREHOLDERS LISTED WERE

 

[As at January 11, 2018]

 

       NAME

HOLDING

%

 

 

 

Mr. Lu  Sricharoen

Nationality:  Thai

Address     :  0/89  Moo  4,  T. Saenhai,  A. Vienghang,

                    Chiangmai 

11,000

55.00

Mr. Jeelani  Abdul  Kader  Shaikh

Nationality:  Indian

Address     :  143/65  Moo  12,  Theprasith  Road, 

                    T. Nongprue,  A. Banglamung,  Chonburi

   7,000

35.00

Mr. Zeeshan  Muhammad  Yusuf  Ansari

Nationality:  Indian

Address     :  143/65  Moo  12,  Theprasith  Road, 

                    T. Nongprue,  A. Banglamung,  Chonburi

   2,000

10.00

 

Total Shareholders:   3

 

 

Share Structure

 

[As at January 11, 2018]

 

Nationality

 

Shareholders

No. of  Share

% Shares

Thai

1

11,000

55.00

Foreign - Indian

2

9,000

45.00

 

Total

3

20,000

100.00

 

 

Note

 

The  2017  financial  statement  is  not  submitted  to  the  Commercial  Registration  Department.

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 66.78

UK Pound

1

INR 92.89

Euro

1

INR 80.74

Thai Baht

1

INR 2.12

Note: Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

PRI

 

 

Report Prepared by :

NIT

 

 

 

RATING EXPLANATIONS

 

Credit Rating

 

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

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)

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.