D&B Report
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INTERHIDES PUBLIC COMPANY LIMITED

  • Delivery Date: Jul 21, 2015
  • Subscriber No: 764052121
    Ticket Key: 201507225009230364
    Reference:
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Identification & Summary

Summarise
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Identification

D-U-N-S Number:
66-099-9939
Acronym:
IHL
Registration No.:
0107548000595
Address:
678 Soi T.J.C, Sukhumvit Road
Bang Pu Mai
MUANG
10280 Samut Prakan Thailand
Telephone(s):
(+66) 2 3232754
(+66) 2 3232755
(+66) 2 7095512
Facsimile(s):
(+66) 2 7095516
(+66) 2 3232749
E-Mail:
sales@interhides.com
Website:
www.interhides.com

Summary

Type of Business:
Public limited co
History:
Incomplete
Start:
1992
Control:
2005
Paid-up Capital:
THB419,998,782.00
Line of Business:
Manufactures seat covers, automobile
SIC:
2399-9910
3199-0000
3111-0000
Imports:
Yes
Exports:
Yes
Employees:
1,300 Estimated (Total)
Principal:
Mr Ongart Thumrongsakunvong
Managing Director
Currency

All monetary amounts quoted in this report are shown in Thai Baht (THB), unless otherwise stated.

Risk Assessment

  • Risk Indicator2

  • D&B Rating4A2

  • Financial Strength 4A Based on net worth
    Risk Indicator 2 Good (Low Risk Expected)

The Dun & Bradstreet Rating of 4A2 indicates:

A Financial Strength of Thailand Baht 252,800,000 - 1,263,999,999 (Based on net worth) and a Risk Indicator which is Good (Low Risk Expected).

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Trade Payments

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D&B Paydex: 72

When weighted by value, payments to suppliers average 12 days beyond terms based on payments collected over the last 24 months.

Explanation of PAYDEX

A score of 80 denotes that payments reported to D&B have generally been made within terms. Scores over 80 indicate that payments reported to D&B have been made earlier than terms. The chart below outlines the specific 0-100 score and what it means.

D&B PAYDEX®
Payment Habit
100
Anticipate
90
Discount
80
Prompt
70
15 days beyond terms
60
22 days beyond terms
50
30 days beyond terms
40
60 days beyond terms
30
90 days beyond terms
20
120 days beyond terms
0-19
Over 120 days beyond terms
UN
Unavailable

Trade Payment Summary

Value Bands
(THB)
No. of
Exp
Total
Value
Within
Terms
1-30
Days
31-60
Days
61-90
Days
91+
Days
>10,000,000 0 0 0% 0% 0% 0% 0%
1,000,001 - 10,000,000 0 0 0% 0% 0% 0% 0%
100,001 - 1,000,000 41 20,677,500 16% 24% 26% 19% 15%
10,001 - 100,000 11 365,000 21% 38% 14% 14% 13%
1,001 - 10,000 7 42,000 13% 87% 0% 0% 0%
<1,000 0 0 0% 0% 0% 0% 0%
TOTAL 59 21,084,500 0% 0% 0% 0% 0%

Note: Above Trade Payment Experiences Summary is derived by analysis of trade payment experiences details within 24 month

Trade Payment Experiences

Any amounts hereafter are in local currency unless otherwise stated. Amounts may be rounded to nearest figure in prescribed ranges.

Date Paying
Record
High
Credit
Now
Owes
Past
Due
Term
Last Sale
2015-04-02 SLOW 60-90
272,500
132,500
97,500
30
2015-04-01
2015-04-02 PROMPT
20,000
65,000
0
30
2015-04-01
2014-12-04 SLOW 30-30
9,500
5,000
5,000
0
2014-11-03
2014-12-02 SLOW 60-90
345,000
180,000
175,000
30
2014-12-01
2014-11-06 SLOW 60-90
345,000
272,500
270,000
30
2014-11-05
2014-10-06 SLOW 30-30
250,000
25,000
25,000
30
2014-09-05
2014-09-12 PROMPT
-
7,500
0
0
2014-09-11
2014-09-09 PROMPT
250,000
25,000
0
30
2014-09-08
2014-09-03 PROMPT
80,000
20,000
0
30
2014-09-02
2014-09-01 SLOW 30-90
405,000
250,000
200,000
30
2014-08-31
2014-08-29 PROMPT
1,000,000
500,000
0
90
2014-08-28
2014-08-01 SLOW 60-60
405,000
205,000
160,000
30
2014-07-31
2014-07-23 PROMPT
80,000
50,000
0
30
2014-07-22
2014-07-23 PROMPT
1,000,000
700,000
0
90
2014-07-22
2014-07-07 SLOW 30-30
20,000
9,500
9,500
0
2014-06-06
2014-06-04 PROMPT
500,000
1,000,000
0
90
2014-06-03
2014-06-02 SLOW 30-60
405,000
215,000
140,000
30
2014-06-01
2014-05-22 PROMPT
600,000
400,000
0
90
2014-05-21
2014-04-25 SLOW 30-60
405,000
220,000
165,000
30
2014-04-24
2014-04-11 SLOW 30-30
15,000
10,000
10,000
30
2014-03-11
2014-04-04 SLOW 30-30
20,000
5,000
5,000
0
2014-03-04
2014-04-03 PROMPT
600,000
200,000
0
90
2014-04-02
2014-04-02 PROMPT
500,000
30,000
0
30
2014-04-01
2014-03-17 PROMPT/SLOW 30
5,000
15,000
5,000
30
2014-03-16
2014-03-06 SLOW 60-60
405,000
345,000
300,000
30
2014-03-05
2014-03-05 PROMPT
500,000
80,000
0
30
2014-03-04
2014-02-25 PROMPT
600,000
35,000
0
90
2014-02-24
2014-02-20 PROMPT
-
5,000
0
30
2014-02-19
2014-02-10 PROMPT
500,000
10,000
0
30
2014-02-09
2014-02-04 SLOW 30-30
20,000
5,000
5,000
0
2014-01-04
2014-01-27 SLOW 30-30
10,000
20,000
20,000
0
2013-12-27
2014-01-20 PROMPT
600,000
200,000
0
90
2014-01-19
2013-12-26 SLOW 30-30
700,000
250,000
250,000
30
2013-11-25
2013-12-26 PROMPT
500,000
7,500
0
30
2013-12-25
2013-12-20 PROMPT
600,000
200,000
0
90
2013-12-19
2013-12-16 SLOW 30-30
2,500
2,500
2,500
30
2013-11-15
2013-12-06 SLOW 30-60
405,000
285,000
185,000
30
2013-12-05
2013-11-22 SLOW 30-60
370,000
405,000
400,000
30
2013-11-21
2013-11-19 PROMPT
700,000
200,000
0
90
2013-11-18
2013-11-19 PROMPT
700,000
250,000
0
30
2013-11-18
2013-11-13 PROMPT
500,000
5,000
0
30
2013-11-12
2013-11-06 SLOW 60-60
160,000
75,000
75,000
30
2013-09-06
2013-10-18 PROMPT
700,000
20,000
0
90
2013-10-17
2013-10-17 SLOW 30-60
370,000
305,000
295,000
30
2013-10-16
2013-10-04 SLOW 30-30
30,000
20,000
20,000
30
2013-09-03
2013-10-02 SLOW 30-30
160,000
75,000
75,000
30
2013-09-01
2013-09-25 SLOW 60-60
370,000
365,000
365,000
30
2013-08-25
2013-09-20 PROMPT
1,000,000
20,000
0
90
2013-09-19
2013-09-19 PROMPT/SLOW 30
25,000
30,000
10,000
30
2013-09-18
2013-09-12 SLOW 30-30
-
1,000
1,000
0
2013-08-12
2013-09-05 SLOW 30-30
10,000
10,000
10,000
0
2013-08-05
2013-09-05 SLOW 60-60
115,000
160,000
85,000
30
2013-09-04
2013-09-05 SLOW 30-30
2,500
2,500
2,500
15
2013-08-05
2013-09-05 SLOW 30-30
2,500
2,500
2,500
15
2013-08-05
2013-09-03 PROMPT
500,000
60,000
0
30
2013-09-02
2013-08-26 PROMPT
700,000
700,000
0
30
2013-08-25
2013-08-26 SLOW 30-60
370,000
300,000
300,000
30
2013-07-26
2013-08-16 SLOW 30-30
2,500
2,500
2,500
15
2013-07-16
2013-08-16 SLOW 30-30
2,500
2,500
2,500
15
2013-07-16
2013-08-15 PROMPT
1,000,000
500,000
0
90
2013-08-14
2013-08-07 PROMPT
500,000
50,000
0
30
2013-08-06
2013-08-06 PROMPT
25,000
10,000
0
30
2013-08-05
2013-08-02 PROMPT/SLOW 30
30,000
115,000
30,000
30
2013-08-01
2013-07-25 SLOW 30-60
370,000
200,000
200,000
30
2013-06-24
2013-07-19 PROMPT
1,000,000
600,000
0
90
2013-07-18
2013-07-17 PROMPT/SLOW 30
260,000
500,000
100,000
30
2013-07-16
2013-07-04 SLOW 30-30
25,000
25,000
25,000
30
2013-06-03
2013-07-03 PROMPT
750
2,500
0
16
2013-07-02
2013-07-03 PROMPT
750
2,500
0
16
2013-07-02
2013-07-02 PROMPT
30,000
30,000
0
30
2013-07-01
2013-06-25 PROMPT
260,000
215,000
15,000
30
2013-06-24
2013-06-25 SLOW 30-30
200,000
116,000
61,000
30
2013-06-24

Payment experiences reflect how bills are met in relation to the terms granted. In some instances, payment beyond terms can be the result of disputes over merchandise, lost invoices, etc.

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Public Record Information

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Litigation

There is no legal suit filed against the company or any of its directors.

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Banks

Summarise
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Bank Name:
BANK OF AYUDHYA PUBLIC COMPANY LIMITED
Address:
Thailand

Bank Name:
KASIKORNBANK PUBLIC COMPANY LIMITED
Address:
Thailand

Bank Name:
BANGKOK BANK PUBLIC COMPANY LIMITED
Address:
Thailand


Information in this report may not represent the full extent of subject's bank relationships.

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Current Investigation

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Investigation Information

On Jun 22, 2015, Mrs Suangporn Thonglor, Supervisor Human Resources, confirmed all information in this report.

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History

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INTERHIDES PUBLIC COMPANY LIMITED started its operations in 1992 and was incorporated on Aug 24, 2005 as a Public limited co.

It was registered with the Ministry of Commerce (MOC) under the registration number of 0107548000595, Bangkok, Thailand.

A public listed company registered on the Stock Exchange of Thailand, Thailand on Dec 22, 2005. It is listed on the secondary board.

It is also trading under the ACRONYM(S) of IHL.

It manufactures seat covers, automobile. An establishment of about 23 year(s), it has been in this line of business since the commencement of its business operations. Mr Ongart Thumrongsakunvong, Managing Director, currently heads the company.

Reason for Changes in Legal Structure

Date:
Aug 24, 2005
Change:
Conversion from a private to a public limited company
Former Legal Structure:
Private limited co
Former Company Name:
INTER-HIDES & LEATHER COMPANY LIMITED
Date first started:
Sep 25, 1992
Previous Registration #:
BAJ.SPK.3582
Registration # changed to:
0107574800595

Date:
Jan 01, 2006
Change:
Reconstitution under local laws
Previous Registration #:
0107574800595
Registration # changed to:
PRESENT NO.



Capital

Authorized Capital:
THB419,999,076.00
Issued Capital:
THB419,998,782.00
Paid-up Capital:
THB419,998,782.00
Ordinary Shares:
THB419,999,076.00 at par value 1.00


Changes in Capital

The following changes were confirmed by the local registry office.


Date of Change:
Dec 27, 2004
Capital Type:
Authorized Capital
Nature of Change:
increased
From:
THB120,000,000.00
To:
THB160,000,000.00

Date of Change:
Apr 28, 2005
Capital Type:
Authorized Capital
Nature of Change:
increased
From:
THB160,000,000.00
To:
THB190,000,000.00

Date of Change:
Jul 25, 2005
Capital Type:
Authorized Capital
Nature of Change:
increased
From:
THB190,000,000.00
To:
THB225,000,000.00

Date of Change:
Aug 24, 2005
Capital Type:
Authorized Capital
Nature of Change:
increased
From:
THB225,000,000.00
To:
THB300,000,000.00

Date of Change:
May 08, 2012
Capital Type:
Authorized Capital
Nature of Change:
increased
From:
THB300,000,000.00
To:
THB350,000,000.00

Date of Change:
May 09, 2013
Capital Type:
Authorized Capital
Nature of Change:
decreased
From:
THB350,000,000.00
To:
THB349,999,230.00

Date of Change:
May 10, 2013
Capital Type:
Authorized Capital
Nature of Change:
increased
From:
THB349,999,230.00
To:
THB419,999,076.00

Stock Exchange

Stock Exchange:
Stock Exchange of Thailand
Listed on the secondary board
Country:
Thailand
Date Listed:
Dec 22, 2005

Authorised Signatories

Miss Chutima Busayapoka and may sign on behalf of subject with seal affixed.

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Linkage

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Subsidiaries

Total number of Subsidiaries:1.

Name:
INTER SEAT COVER COMPANY LIMITED
DUNS:
671799385
Location:
Thailand
% of Shares Owned:
Subject holds 100% of shares in Subsidiary


Branches

Subject maintains 6 branch(es) locally.

The principal branch location(s) are as follows:


D-U-N-S:
671569015
Address:
1111 Moo 2 Soi K.M. 34, Sukhumvit Road, Bangpoo Mai, Muang,
Samut Prakarn 10280 Thailand
Location Type:
Plant/Factory

D-U-N-S:
671569023
Address:
999 Soi T.J.C. Sukhumvit Road, Bangpoo Mai, Muang,
Samut Prakarn 10280 Thailand
Location Type:
Plant/Factory

D-U-N-S:
671569049
Address:
55/5 Soi T.C.J. Sukhumvit Road, Bangpoo Mai, Muang,
Samut Prakarn 10280 Thailand
Location Type:
Plant/Factory

Address:
775 Soi 4, Bangpu Industrial Estate,
Samut Prakarn Thailand
Location Type:
Plant/Factory

Address:
192 Moo 2 Soi Fongnang KM.34,, Sukhunvit Road, Bangpoo Mai, Muang,
Samutprakarn Thailand
Location Type:
Plant/Factory
Other Details:
Tel : (66) (2) (7095130)

Address:
678 Soi T.J.C., Sukhumvit Road, Bangpoo Mai, Muang,
Samutprakarn 10280 Thailand
Location Type:
Plant/Factory
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Principals

Summarise
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Corporate Directors

Name:
Mr Ongart Thumrongsakunvong
Nationality:
Thailand

Name:
Mr Thira Wipuchanin
Nationality:
Thailand

Name:
Mr Chor.Nun Petpaisit
Nationality:
Thailand

Name:
Mr Somyot Akapaiboon
Nationality:
Thailand

Name:
Mr Thaksa Busayapoka
Nationality:
Thailand

Name:
Mr Ouychai Matitanaviroon
Nationality:
Thailand

Name:
Miss Chutima Busayapoka
Nationality:
Thailand

Name:
Mr Niti Nerngchamnong
Nationality:
Thailand

Name:
Mr Somchart Limpanuphap
Nationality:
Thailand

Executives

Name:
Mr Ongart Thumrongsakunvong
Year of Birth:
1958
Current Title:
Managing Director
Other Current Title:
of the Board Deputy Chairman
Appointed to Present Position:
1992
Started with Subject:
1992
Related Experience Since:
1988
Founder of Subject:
Yes
Active in daily operations:
Yes

Name:
Mr Thira Wipuchanin
Current Title:
Chairman of the Board
Other Current Title:
Director

Name:
Mr Chor.Nun Petpaisit
Current Title:
Director Administration
Related Experience Since:
1991
Active in daily operations:
Yes

Name:
Mr Somyot Akapaiboon
Current Title:
Director

Name:
Mr Thaksa Busayapoka
Current Title:
Director

Name:
Mr Ouychai Matitanaviroon
Current Title:
Director

Name:
Miss Chutima Busayapoka
Year of Birth:
1961
Current Title:
Deputy Managing Director Operations
Related Experience Since:
1991
Active in daily operations:
Yes

Name:
Mr Niti Nerngchamnong
Current Title:
Director

Name:
Mr Somchart Limpanuphap
Current Title:
Director

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Operations

Summarise
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Line of Business

  • Manufactures seat covers, automobile (2399-9910)
  • Manufactures leather goods (3199-0000)
  • Engaged in leather tanning and finishing (3111-0000)

Purchases

Purchasing Territory
Local:
70%
International:
30%
Imports from
United States
Purchasing Terms
Local purchase terms:
Contract

Import Terms:
Letter of Credit

Sales

Sales Territory
Local:
80%
International:
20%
Export to
United States
Indonesia
Philippines
Australia
Selling Terms
Local Sales Terms:
Open Account 30 days
bank transfer

Export Terms:
Letter of Credit
bank transfer

Customers

Major Customers
  • Manufacturer(s)
  • Wholesaler(s)

Employees

Employee(s) - Current
Total Employees:
1,300 Estimated

Total includes managers and active directors


Employee(s) - Previous
Year:
2012
Total Employees:
1,200 Estimated

Total includes managers and active directors


Year:
2011
Total Employees:
1,000 Estimated

Total includes managers and active directors


Year:
2008
Total Employees:
1,000 Estimated

Total includes managers and active directors


Year:
2007
Total Employees:
800 Estimated

Total includes managers and active directors


ISO Certificate / Tax Incentives

ISO Certification
Subject was awarded:
ISO /TS 16949:2009
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Location

Summarise
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Current Location

Type of Occupation:
Owned
Location:
Residential/industrial area

Premises used as:
Operations office
Plant/Factory

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Financial Information

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Comparatives

Particulars Fiscal
Consolidated
Dec 31, 2012
Thousands
THB
Fiscal
Consolidated
Dec 31, 2013
Thousands
THB
Fiscal
Consolidated
Dec 31, 2014
Thousands
THB
Current Assets 1,043,091 945,089 994,915
Current Liabilities 1,047,724 745,417 736,102
Working Capital -4,633 199,672 258,813
Other Tangible Assets 1,235,930 1,231,225 1,144,907
Non-Current Liabilities 305,849 380,137 307,878
Tangible Net-Worth 925,448 1,050,760 1,095,842
Sales / Income 1,891,527 1,788,113 1,851,645
Profit (Loss) After Tax 248,917 197,133 193,702
Inventory 725,042 603,775 620,132
Cash & Bank 31,469 69,858 7,507
Accounts Receivable 281,666 253,202 338,708
Fixed Assets 1,203,561 1,198,086 1,116,784
Accounts Payable 185,807 129,333 169,888
Intangibles 1,545 2,255 2,552

Balance Sheet

Assets Fiscal
Consolidated
Dec 31, 2014
Thousands
THB
Cash & Bank 7,507
Inventory 620,132
Accounts Receivable 338,708
Prepayments 3,200
Other Current Assets 6,368
Total Current Assets 994,915
Property, Plant & Equipment 1,116,784
Total Fixed Assets 1,116,784
Total Investments 0
Deferred Expenditure 25,505
Other Assets 2,618
Total Other Assets 28,123
Intangibles 2,552
Total Intangibles 2,552
TOTAL ASSETS 2,142,374
Liabilities Fiscal
Consolidated
Dec 31, 2014
Thousands
THB
Accounts Payable 169,888
Notes Payable 233,671
Bank Loans 185,394
Current Portion of Long Term Debt 116,256
Lease Liabilities 18,463
Deferred Taxation 4,205
Other Current Liabilities 8,225
Total Current Liabilities 736,102
Creditors & Borrowings 169,745
Provisions 105,000
Provident & Pensions 14,831
Lease Liabilities 18,302
Total Non-Current Liabilities 307,878
TOTAL LIABILITIES 1,043,980
Capital 419,999
Legal Reserves 44,000
Share Premium 211,584
Retained Earnings (Loss) 422,811
TOTAL EQUITY 1,098,394
TOTAL LIABILITIES & EQUITY 2,142,374

Profit & Loss

Particulars Fiscal
Consolidated
Dec 31, 2012
12 Month(s)
Thousands
THB
Fiscal
Consolidated
Dec 31, 2013
12 Month(s)
Thousands
THB
Fiscal
Consolidated
Dec 31, 2014
12 Month(s)
Thousands
THB
Sales / Income 1,891,527 1,788,113 1,851,645
Less: Cost of Sales -1,464,638 -1,414,458 -1,502,386
Gross Profit (Loss) 426,889 373,655 349,259
Total General Expenditure -109,367 -117,347 -119,624
Net Operating Profit (Loss) Before Taxation 317,522 256,308 229,635
Other Non-Operating Income 24,736 9,380 10,979
Depreciation & Interest 0 0 0
Total Financial Expenses -47,816 -40,642 -34,678
Plus (Minus) Extraordinary Items 0 0 0
Net Profit (Loss) Before Taxation 294,442 225,046 205,936
Income Tax -45,525 -27,913 -12,234
Net Profit(Loss) after Tax 248,917 197,133 193,702
Plus (Minus) Extraordinary Items 0 0 0
Net Profit (Loss) After Taxation & Extraordinary Items 248,917 197,133 193,702
Earning per share (THB) 0.59 0.47 0.46

Accounts are audited by Waraporn Praphasirikul, CPA.4579.


Ratios

Particulars Dec 31, 2012 Dec 31, 2013 Dec 31, 2014
PROFITABILITY RATIOS
Profit Margin (%) 13.16 11.03 10.46
Return on Assets (%) 10.92 9.05 9.04
Return on Net Worth (%) 26.90 18.76 17.68
LIQUIDITY RATIOS
Current Ratio 1.00 1.27 1.35
Quick Ratio 0.30 0.43 0.47
EFFICIENCY RATIOS
Collection Period (days) 54 51 66
Asset to Sales (%) 120.57 121.84 115.70
Sales to Inventory (times) 3 3 3
Fixed Assets to Net Worth (%) 130.05 114.02 101.91
INDEBTEDNESS RATIOS
Short Term Debt to Net Worth (%) 113.21 70.94 67.17
Short Term Debt to Inventory (%) 144.51 123.46 118.70
Total Debt to Net Worth (%) 146.26 107.12 95.27
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News

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Pridiyathorn holds hope for export U-turn


Thailand's economic growth still has a chance to reach 4% this year if shipments to Japan and China turn positive by year-end, says Deputy Prime Minister MR Pridiyathorn Devakula. On his one-year round-up of government performance, MR Pridiyathorn said yesterday despite lingering criticism by several parties that the Thai economy is spluttering, he believed it was well on the way to healthy growth. He cited myriad economic stimulus measures for both the short and long term to stimulate household consumption and government expenditures.


In the first quarter, statistics showed improved private and public investment, tourism and private consumption, he said. The government expects these factors will continue to grow in the second quarter,' said MR Pridiyathorn. 'If exports to China and Japan turn positive, economic growth this year is likely to reach 4%.' In the first quarter, Thai exports to China and Japan fell 10% and 5% year-on-year, respectively.


The National Economic and Social Development Board (NESDB) reported on Monday that Thailand's economy grew 3% year-on-year in the first quarter, an improvement from 2.1% in last year's fourth quarter. However, the NESDB cut its full-year growth forecast to 3-4% from 3.5-4.5% and lowered its export growth view to 0.2% from 3.5%. Exports fell for a third straight month in March while consumer confidence dropped to a 10-month low in April. If exports decline in 2015 it will mark a record third straight year.


Thailand's economic growth between 2008-13 averaged only 2.9% despite a spate of populist policies such as a rice pledging program and first-time car buyers scheme. He said baht depreciation would support the export sector over the next three months. The Prime Minister's Office Minister Suwaphan Tanyuvardhana said as of May 20 the amount of fiscal budget disbursement was 1.503 trillion baht, or 58.73% of the total of 2.575 trillion in fiscal 2015.


The government expects disbursement will reach the targets of 96% of the regular budget and 87% of the investment budget by the end of this fiscal year on Sept 30.


Source: Krungthepturakij Newspaper, May 21, 2015


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Appendices

Summarise
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Customer Service

Should you require any further information or have any questions, please contact D&B Thailand Customer Service Centre at +662 6573999 ext 3100.


Inquiries should always contain the below minimum details:

  • Full Company Name
  • Full Headquarters Address
  • Telephone Number
  • Business Identification Number
  • Contact Name
  • Reference
  • Order Date

D&B Rating Glossary

The following ratings are available for businesses in Thailand:

D&B Rating - The D&B® Rating in Thailand consists of 2 parts, the Financial Strength Indicator and the Risk Indicator. The Financial Strength Indicator is based on either Net Worth of a current balance sheet or Issued Capital. Risk Indicator is used in conjunction with the Financial Strength Indicator. The Risk Indicator reflects D&B's opinion of the risk associated with trading with a specific business. The table below contains the values for the D&B Rating in Thailand.

Financial Strength Indicator
Net Worth Capital From To
5A 5AA THB 1,264,000,000 And above
4A 4AA THB 252,800,000 THB 1,263,999,999
3A 3AA THB 37,920,000 THB 252,799,999
2A 2AA THB 18,960,000 THB 37,919,999
1A 1AA THB 9,480,000 THB 18,959,999
A AA THB 4,753,000 THB 9,479,999
B BB THB 2,376,000 THB 4,752,999
C CC THB 1,188,000 THB 2,375,999
D DD THB 607,000 THB 1,187,999
E EE THB 303,000 THB 606,999
F FF THB 152,000 THB 302,999
G GG THB 77,000 THB 151,999
H HH 0 THB 76,999

Alternate Ratings Used
NQ Out of Business: Business has ceased to trade
NB New Business: Less than 24 months
O Financial Strength is undisclosed; or Assigned to companies that do not request credit in their normal activities (Bank, Brokerages, Insurance Co., Associations, Government, etc..)
N Negative Net Worth
FB Foreign Branch
BR Domestic Branch
DS Assigned to records that require investigation before a rating can be assigned.

Risk Indicator Condition Credit Risk Interpretation
1 Strong Minimal risk Proceed with transaction - offer extended terms if required
2 Good Low Risk Proceed with transaction
3 Fair Slightly greater than average risk Proceed with transaction but monitor closely
4 Limited Significant level of risk Review each case before extending credit and obtain more information. Take suitable assurances before extending credit, guarantees may be needed
- Undetermined Undetermined Risk Insufficient information to assign a Rating

Confidentiality

CONFIDENTIAL... THIS INFORMATION IS PROVIDED BY DUN & BRADSTREET SUBJECT TO THE TERMS AND CONDITIONS OF YOUR SUBSCRIPTION CONTRACT AND IS NOT TO BE DISCLOSED.


This report is forwarded to the Subscriber in strict confidence for the use by the Subscriber as one factor to consider in connection with credit and other business decisions. This report contains information compiled from information which Dun & Bradstreet does not control and which has not been verified unless otherwise indicated in this report. Dun & Bradstreet therefore cannot accept responsibility for the accuracy, completeness or timeliness of the report. Dun & Bradstreet disclaims all liability for any loss or damage arising out of or in anyway related to the contents of this report. This material is confidential and proprietary to Dun & Bradstreet and/or third parties and may not be reproduced, published or disclosed to others without the express authorization of Dun & Bradstreet or the General Counsel of Dun & Bradstreet.


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