The Insured, Heritage International Limited, is a business engaged in the importing of decorative items and handicrafts from India. The main products are knotted carpets and handicraft items.
We understand that the business achieved a turnover of around THB 120 million in 2013, as provided by the Department of Business Development. The Insured have 24 branches with different shop names located throughout Thailand. Around 70% of sales are for domestic market and 30% are exported.
In this connection, they have rented and occupied this building for over 2 years. The Insured assigned an inventory staff from Bangrak Showroom 1 to be responsible for stock receiving and disbursement of stock at Bangrak Showroom 2.
For Bangrak Showroom 1, the Insured employ 5 people working from 09.30 to 19.30 hrs., 7 days a week.