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MIRA INFORM REPORT
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Report No. : |
496214 |
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Report Date : |
10.03.2018 |
IDENTIFICATION DETAILS
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Name : |
OPTINOVA
ASIA PACIFIC CO.,
LTD. |
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Registered Office : |
143
Moo 1, T. Bokwangthong, A. Bothong,Chonburi 20270,
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Country : |
Thailand |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
08.09.2016 |
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Com. Reg. No.: |
0205559027969 |
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Legal Form : |
Private Limited
Company |
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Line of Business : |
The
subject is engaged
in exporting Fluoropolymer tubing
products for medical
and general industrial
uses. |
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No. of Employees : |
5 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
C |
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Credit Rating |
Explanation |
Rating Comments |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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Status : |
Recently Commenced Commercial Operation |
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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
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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
OPTINOVA ASIA PACIFIC
CO., LTD.
SUMMARY
BUSINESS ADDRESS : 143 MOO 1, T.
BOKWANGTHONG, A. BOTHONG,
CHONBURI 20270,
THAILAND
TELEPHONE : [66] 094
264-2246, 081 840-7445
FAX : [66] 38
363-221-2
E-MAIL ADDRESS : metha.pradiskesorn@optinova.com
REGISTRATION ADDRESS : SAME AS BUSINESS
ADDRESS
ESTABLISHED : 2016
REGISTRATION NO. : 0205559027969
TAX ID NO. : 3037854929
CAPITAL REGISTERED : BHT.
1,000,000
CAPITAL PAID-UP : BHT.
1,000,000
SHAREHOLDER’S PROPORTION : FINN :
80.00%
THAI :
20.00%
FISCAL YEAR CLOSING DATE : DECEMBER 31
LEGAL STATUS : PRIVATE LIMITED
COMPANY
EXECUTIVE : MR.
ANDERS LARS JOHAN
WIKLUND, FINN
CHIEF EXECUTIVE
OFFICER
NO. OF STAFF : 5
LINES OF BUSINESS : FLUOROPOLYMER TUBING
PRODUCTS
EXPORTER
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CORPORATE PROFILE |
OPERATING TREND : STABLE
PRESENT SITUATION : OPERATING NORMALLY
REPUTATION : -
MANAGEMENT STANDARD : -
HISTORY
The subject was
established on September 8,
2016 as a
private limited company
under the registered
name OPTINOVA ASIA
PACIFIC CO., LTD.,
by Thai and
Finn groups, with business
objective to export
Fluoropolymer tubing products.
It currently employs
5 staff.
The subject’s registered
address is 143
Moo 1, T.
Bokwangthong, A. Bothong,
Chonburi 20270, 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. Anders
Lars Johan Wiklund |
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Finn |
38 |
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Ms. Daniela
Ida Sofia Forsgard |
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Finn |
37 |
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Mr. Korpong
Vattavoravet |
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Thai |
48 |
AUTHORIZED PERSON
One of the
above directors can
sign on behalf
of the subject
with company’s affixed.
MANAGEMENT
Mr. Anders Lars Johan
Wiklund is the
Chief Executive Officer.
He is Finn
nationality with the
age of 38
years old.
BUSINESS OPERATIONS
The subject is
engaged in exporting
Fluoropolymer tubing products
for medical and
general industrial uses.
The subject has
started its commercial
activity in 2017.
PURCHASE
100% of the
products is purchased
from local suppliers.
MAJOR SUPPLIER
Thai Scan Tube
Co., Ltd. : Thailand
EXPORT
100% of the
products is exported
to India, Taiwan,
Japan, Malaysia, Korea and
Vietnam.
ASSOCIATED COMPANY
Thai Scan Tube
Co., Ltd.
Business Type :
Manufacturer and distributor of
Fluoropolymer tubing 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 for the
past two years.
CREDIT
Local bills are
paid by cash
or on the
credits term of
30-60 days.
Exports are against
T/T.
BANKING
Bangkok Bank Public
Company Limited
EMPLOYMENT
The subject currently
employs 5 staff.
LOCATION DETAILS
The premise is
rented for administrative office
at the heading
address. Premise is
located in provincial.
Note:
Refer to your given
the subject’s name
OPTINOVA ASIA, please
be informed that
the correct registered
name is OPTINOVA
ASIA PACIFIC CO., LTD.
COMMENT
Though the subject was
established in 2016, its
commercial activity has
been taken place
in 2017. Therefore, there is
no sales figures
and other related
figures available for
the financial year
ended December 31,
2016. However, its
business is promising
in line with the
demand of the
products and overseas
customers in hand
at the moment.
FINANCIAL INFORMATION
The capital was
registered at Bht.
1,000,000 divided into
200,000 shares of
Bht. 5
each with fully
paid.
THE SHAREHOLDERS LISTED
WERE : [as
at April 30,
2017]
|
NAME |
HOLDING |
% |
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Mr. Anders
Lars Johan Wiklund
Nationality: Finn Address
: Jomala, Finland
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80,000 |
40.00 |
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Ms. Daniela
Ida Sofia Forsgard Nationality: Finn Address
: Mariehamn, Finland
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80,000 |
40.00 |
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Mr. Korpong
Vattavoravet Nationality: Thai Address
: 79/806 Saensuk
Road, T. Saensuk, A. Muang, Chonburi |
40,000 |
20.00 |
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 |
1 |
40,000 |
20.00 |
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Foreign - Finn |
2 |
160,000 |
80.00 |
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Total |
3 |
200,000 |
100.00 |
NAME OF AUDITOR
& CERTIFIED PUBLIC
ACCOUNTANT NO. :
Ms. Anong
Panichcharoennan No. 3979
Financials
OPTINOVA ASIA PACIFIC
CO., LTD.
BALANCE SHEET [BAHT]
The latest financial
figures published for
December 31, 2016 was
:
ASSETS
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Current Assets |
2016 |
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Cash
and Cash Equivalents |
183,382.56 |
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Trade
Account and Other Receivable |
152,984.31 |
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Other
Current Assets |
21,059.74 |
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Total
Current Assets |
357,426.61 |
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Property, Plant and Equipment |
322,934.02 |
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Other
Non-current Assets |
174,500.00 |
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Total
Assets |
854,860.63 |
LIABILITIES & SHAREHOLDERS' EQUITY [BAHT]
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Current Liabilities |
2016 |
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Trade
Account and Other Payable |
133,738.80 |
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Total Current Liabilities |
133,738.80 |
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Total
Liabilities |
133,738.80 |
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Shareholders' Equity |
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Share
capital : Baht 5 par
value authorized, issued
and fully
paid share capital
200,000 shares |
1,000,000.00 |
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Capital
Paid |
1,000,000.00 |
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Retained Earning - Unappropriated [Deficit] |
[278,878.17] |
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Total
Shareholders' Equity |
721,121.83 |
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Total
Liabilities and Shareholders' Equity |
854,860.63 |
PROFIT & LOSS
ACCOUNT
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Revenue |
2016 |
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Other
Income |
3,382.56 |
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Total
Revenues |
3,382.56 |
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Expenses |
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Administrative Expenses |
282,260.73 |
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Total Expenses |
282,260.73 |
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Profit / [Loss] before
Income Tax |
[278,878.17] |
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Income Tax |
- |
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Net
Profit / [Loss] |
[278,878.17] |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.08 |
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1 |
INR 89.85 |
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Euro |
1 |
INR 80.16 |
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THB |
1 |
INR 0.032 |
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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DIV |
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Report Prepared
by : |
KET |
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.