MIRA
INFORM REPORT
|
Report Date : |
07.10.2008 |
IDENTIFICATION
DETAILS
|
Name : |
TCW INTERNATIONAL TRADING CO LTD |
|
|
|
|
Registered Office : |
37A Kaba Aye Pagoda Roadbahan TSP Yangong |
|
|
|
|
Country : |
Myanmar |
|
|
|
|
Financials (as on) : |
31.12.2007 |
|
|
|
|
Date of Incorporation : |
20 07 1998 |
|
|
|
|
Legal Form : |
Private Limited
Company |
|
|
|
|
Line of Business : |
Importers, Agents and General Merchant of Pharmaceutical
Products Prepration Chemical Medical Equipment and Clinical Hospital Surgical Supplies and
Instrument Orthopaedic Instrument Implant and Ophthalmic Products Like I.O.L Eye Drops and Distribution Network to cover all area. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
[USD] 100000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
Company Name & Address
TCW INTERNATIONAL TRADING CO LTD
37A KABA AYE PAGODA ROADBAHAN TSP
YANGONG MYANMAR
Registered address AT HEADING ADDRESS
Operating Address AT 22 AUNG MINGALAR ST TAMWE TSP
YANGON
Telephone
951 54276 540668 552235
540715
Fax 951
542603
Telex NONE
Branches AT
83
74TH ST BETWEEN 26 & 27 ST MANDALAY MYANMAR
AT 7 WUT GYI PHA YAR ST SHWE TAUNG QRTR
MAWLAMYAING AND AT MYITKYINAR
Factory NONE
Date, Established
20 07 1998 [EARLIER ESTABLISHED IN 1994 AS A
PROPRIETARY CO]
Incorporation No
3/9326 DATED 20 07 1998
Legal Status
PRIVATE LIMITED
COMPANY
Businesses
IMPORTERS AGENTS AND GENERAL MERCHANT OF PHARMACEUTICAL
PRODUCTS PREPRATION
CHEMICAL MEDICAL EQUIPMENT AND CLINICAL HOSPITAL SURGICAL SUPPLIES AND
INSTRUMENT ORTHOPAEDIC INSTRUMENT IMPLANT AND OPHTHALMIC PRODUCTS LIKE I.O.L
EYE DROPS AND DISTRIBUTION NETWORK TO COVER ALL AREA, SUBJECT IS ONE OF
THE TOP
TEN PHARMACEUTICAL IMPORTING COMPANIES IN MYANMAR
Board of Director
AUNG ZAW WIN – CHAIRMAN
DR SAN LWIN - MANAGING DIRECTOR
MYO SAN LWIN
MINH SAN AUNG
Bankers
MYANMA FOREIGN TRADE BANK
MFTB BR YANGON
Payments
PROMPT
Financial Position
VERY GOOD ADEQUATE
RESOURCES AVAILABLE
Shareholders
AUNG ZAW WIN 50 DR SAN
LWIN 50%
Associates
SAN BROTHER DISTRIBUTION CO/ SAN LWIN TRADING CO LTD/ LUCKY
ONE CO/ STEEL LINE
CO/ TTG CO/ SAN LWIN TRADING CO GROUP/ KHAUNG HTET
SPECIALISTS CLINIC/MYO &
BROTHERS CAR PRODUCTION
History
REPUTED CO
Buying/Selling term
PER 100% IRREVOCABLE
AND CONFIRMED L/C AT SIGHT DRWAN BASIS
Credit Maximum
[USD] 100000
CAN BE GRANTED ON MUTUAL AGREED SECURED AND PROTECTED TERM
Agency
NONE
Trade Suppliers
NONE
Premises
RENTED BASIS
Employs
75 +
Member
NONE
Sources
REPORT IS PRODUCED FROM COLLECTIVE
RESULTS OF LOCAL AGENTS
Remarks
SUBJECT IS CONSIDERED TO
BE GOOD FOR ANY NORMAL BUSINESS ENGAGEMENT
CAPITAL
AS AT 31 12 2007 IN KYAT /000
PAIDUP 5 000
RESERVES/SURPLUS 49 830
DEFERRED LIABILITIES 37 260
-------------
92 090
Financed by
FIXED ASSETS 25
000
INVESTMENTS 8
750
CURRENT ASSETS 61
185
TOTAL 94 935
LESS
CURRENT LIABILITIES 2 845
92 090
TURNOVER APPROX 150 000
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.01 |
|
UK Pound |
1 |
Rs.84.16 |
|
Euro |
1 |
Rs.65.20 |
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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 and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)