As we reconsidered for the Okamoto buyer, we could approved only DCL for this buyer, since the company made a big consecutive loss from 2013 to 2014 with 152m., relatively high short term debt of 240m., the loss occurred at the gross profit level, so that means they are selling their product with the lower price than the cost of goods sold, this shouldn’t be a good sign at all in terms of the business angle. We however didn’t have enough information for the parent company but we got comment from our friend in Japan, and his suggestion is only a thousand of USD which means about THB100k.
“I checked this company, but they do not disclose much about the financial.
I only obtained sales information as below. (They have not disclosed profits.)
Fiscal Year/Month
Sales(M Yen)
2014/3
29,200
2015/3
29,700
This company manufactures sox, and in terms of sales volume, they are the big company among the same industry in Japan.
Teikoku Data Bank (Japanese credit agency) has rated 55 of 100 for its credit score, which means a little bit low to moderate credit.
However, based on the limited information, I guess a few thousand $ will be appropriate for the limit.”