MIRA INFORM REPORT

Report Date :

31.12.2011

IDENTIFICATION DETAILS

Name :	RIGHT & BRIGHT INT'L CO LTD
Registered Office :	Rm 607, 6Fl, 69 Shwe Gon Daing Rd Cnr Kaba Aye Pagoda Rd Shwe Gon Daing (West) Ward Yuzana, Bahan, Yangon
Country :	Myanmar
Date of Incorporation :	14.07.2008
Legal Form :	Company Limited
Line of Business :	Importer of Medical Equipment & Pharmaceutical
No. of Employees :	15

RATING & COMMENTS

MIRA’s Rating :

B

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 2,000.00
Status :	Moderate
Payment Behaviour :	No Complaints
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 – September 30, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
Myanmar	C2	C2

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

REGISTERED NAME & COMPANY SUMMARY

Company Details

Organization Name	:	RIGHT & BRIGHT INT'L CO LTD
Address	:	Rm 607, 6Fl, 69 Shwe Gon Daing Rd Cnr Kaba Aye Pagoda Rd Shwe Gon Daing (West) Ward Yuzana, Bahan, Yangon
Country	:	Myanmar
Phone (S)	:	[+95] 1-558427
Facsimile	:	[+95] 1-558427
Email	:	rightnbrightmyanmar@googlemail.com
Primary Business Activity	:	Importer
Key Industry	:	Medical Equipment & Pharmaceutical

Key Facts

Registered Legal Address		:	Rm 607, 6Fl, 69 Shwe Gon Daing Rd Cnr Kaba Aye Pagoda Rd Shwe Gon Daing (West) Ward Yuzana, Bahan, Yangon
Operational Address		:	Rm 607, 6Fl, 69 Shwe Gon Daing Rd Cnr Kaba Aye Pagoda Rd Shwe Gon Daing (West) Ward Yuzana, Bahan, Yangon
Issuing Authority		:	Ministry of National Planning & Economic Development, Directorate of Investment & Company Administration - National
License Number		:	443/08-09
License Status		:	License exists - Normal.
Legal Form - Category		:	Private Company with Limited Liability
Legal Form		:	Company Limited
Legal Form - Abbreviation		:	CO LTD
Operational Status of Business		:	Normal
Date of Registration		:	14 Jul, 2008 ^(1)
Employees		:	15
Capital		:	n/a^(2)
Note		:	^(1) In Myanmar business licenses are ONLY issued for a period of ONLY 2 - 3 years, and hence the year above reflects only the most recent Date of Registration and corresponding License number. Due to government restrictions on access to detailed Statutory data, it was not possible to identify the year in which the Subject Business Entity was first registered. ^(2) Not applicable. According to the corporate statutory laws for this type of Legal Form - Category(Private Company with Limited Liability) in Myanmar, there is no requirement for Authorized Capital.
	Report Details

Country	:	Myanmar
Business Entity Name	:	RIGHT & BRIGHT INT'L CO LTD
Acronym	:	R & B
Primary Business Activity	:	Importer
Primary Industry	:	Medical Equipment & Pharmaceutical
Office Contact Details
Operating Address	:	Rm 607, 6Fl, 69 Shwe Gon Daing Rd Cnr Kaba Aye Pagoda Rd Shwe Gon Daing (West) Ward Yuzana, Bahan, Yangon
Tel	:	[+95] 1-558427
Fax	:	[+95] 1-558427
Email	:	rightnbrightmyanmar@googlemail.com

CREDIT RECOMENDATION

Current Credit Limit: USD 2,000.00  

DIRECTORS/MANAGEMENT

COMPANY MANAGEMENT

Management Listings

	Name	Nationality	Job Description	Dept. / Division
1	Mr. New Nwe Aye	Myanmar	Manager	Administration

Management Details - 1

Personal Unique Identifier	:	MI03051524
Name	:	Mr. New Nwe Aye

COMPANY DIRECTORS

1
Personal Unique Identifier	:	MI03051522
Name	:	Mr. Kyi Kyi Win Shwe
Nationality	:	Myanmar

Based on corporate statutory laws /regulations in Myanmar, there is no requirement for public disclosure of Director. In this case, the Director information was supplied by the Subject Business Entity.
However in the absence of data normally obtained from local Statutory Authorities, it is not possible to verify the accuracy of data supplied and hence is provided as reference ONLY.

NEGATIVE INFORMATION

REPUTATION

Reference checking for the purpose of establishing the RIGHT & BRIGHT INT'L CO LTD's reputation within the respective industry failed to reveal any adverse information.

	ADVERSE DATA MONITORING
DISHONORED CHECKS		No Record Found

DEBT	No Record Found

LITIGATION

No Record Found

PERFORMANCE DEFAULTS

No Record Found

ADVERSE LOCAL MEDIA COVERAGE / ADVERSE FILING HISTORY

No Record Found

SHARE & SHARE CAPITAL INFORMATION

SHAREHOLDERS

Not available - According to the corporate statutory laws for this type of Legal Form - Category (Private Company with Limited Liability) in Myanmar, there is no public disclosure of Shareholders.

PAYMENT INFORMATION

PAYMENT TERMS

Selling

Type	Terms
Local	Cash on delivery (COD) Credit - Secured with Post-dated checks 30~60 days

Purchasing

Type	Terms
Local	Cash on delivery (COD) Credit - Secured with Post-dated checks 30~60 days
Import	Letter of Credit (At-sight) Telegraphic Transfer (T/T) - Executed at time of transaction

GROUP STRUCTURE & AFFILIATED COMPANIES

Na

FINANCIAL INFORMATION

FINANCIAL STATEMENT - DETAILED

Based on the corporate laws of Myanmar, legal entities which are Private Company with Limited Liability are not required to make public disclosure of their annual financials. Therefore no financials are available for this entity.

FOREIGN EXCHANGE RATES

Na

ADDITIONAL INFORMATION

SIC PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description	Code	Activity
Pharmaceutical preparations	2834	Importing, Trading

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description	Code	Activity
Pharmaceutical products	3000	Importing, Trading

CORE BUSINESS DESCRIPTION

Core Business

The primary business focus of RIGHT & BRIGHT INT'L CO LTD is:

Importing - Finished products

An integral part of the core business includes:

Distribution

DOMESTIC SALES & PURCHASES

Annual Sales Analysis	Percentage
Domestic Sales	100%

Annual Purchases Analysis	Percentage
Local Purchases	40%
Imports	60%

INTERNATIONAL TRADE : ACTIVITY & MARKETS

Country / Region	Estimated level of importance	Trading Activity
Asia / Pacific	Medium	Importing

OFFICE & FACILITIES

Name	:	RIGHT & BRIGHT INT'L CO LTD - BAHAN, YANGON
Address	:	Rm 607, 6Fl, 69 Shwe Gon Daing Rd Cnr Kaba Aye Pagoda Rd Shwe Gon Daing (West) Ward Yuzana, Bahan, Yangon
Country	:	Myanmar
Status	:	Operational

NOTES & COMMENTS

NA

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.53.26
UK Pound	1	Rs.82.10
Euro	1	Rs.68.90

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	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
--	NB	New Business	--

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.