MIRA INFORM REPORT

Report Date :

18.10.2011

IDENTIFICATION DETAILS

Name :	GP BATTERY INDUSTRIES PVT LTD
Registered Office :	Industrial Zone 3, 59 Min Theiddi Kyawswar St, Hlaing Tharyar, Yangon
Country :	Myanmar
Date of Incorporation :	25.03.1998
Legal Form :	--
Line of Business :	Manufacturer of Electronic Products & Components

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 10,000.00
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

Organization Name	:	GP BATTERY INDUSTRIES PVT LTD
Address	:	Industrial Zone 3, 59 Min Theiddi Kyawswar St, Hlaing Tharyar, Yangon
Country	:	Myanmar
Phone (S)	:	[+95] 1-684604
Facsimile	:	[+95] 1-684801
Email		gpbattery@myanmar.com.mm
Primary Business Activity		Manufacturer
Key Industry		Electronic Products & Components

Key Facts

Registered Legal Address		:	Industrial Zone 3, 59 Min Theiddi Kyawswar St, Hlaing Tharyar, Yangon
suing Authority		:	Ministry of National Planning & Economic Development, Directorate of Investment & Company Administration - National
License Number		:	1996/1997-1998
Legal Form		:	Not Applicable
Operational Status of Business		:	Normal
Date of Registration			25 Mar, 1998 ^(1)
Employees			140
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	:	GP BATTERY INDUSTRIES PVT LTD
Primary Business Activity	:	Manufacturer
Primary Industry	:	Electronic Products & Components
Office Contact Details
Operating Address	:	Industrial Zone 3, 59 Min Theiddi Kyawswar St, Hlaing Tharyar, Yangon
Tel	:	[+95] 1-684604
	:	[+95] 1-684710
Fax	:	[+95] 1-684801
Email	:	gpbattery@myanmar.com.mm

CREDIT RECOMENDATION

Current Credit Limit: USD 10,000.00  

DIRECTORS/MANAGEMENT

COMPANY MANAGEMENT

Management Listings

	Name	Nationality	Job Description	Dept. / Division
1	Mr. Hay Mar	Indian	Managing Director	-
2	Mr. Rosie Rao	Indian	Managing Director	-

Management Details - 1

Personal Unique Identifier	:	MI03001298
Name	:	Mr. Hay Mar

Management Details - 2

Personal Unique Identifier	:	MI03001296
Name	:	Mr. Rosie Rao
Email	:	rosie.rao@gmail.com

COMPANY DIRECTORS

1
Personal Unique Identifier	:	MI03001298
Name	:	Mr. Hay Mar
Nationality	:	Indian
2
Personal Unique Identifier	:	MI03001296
Name	:	Mr. Rosie Rao
Nationality	:	Indian

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

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 - Unsecured 30~120 days

Purchasing

Type	Terms
Local	Cash on delivery (COD) Credit - Unsecured 30~120 days

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
Primary batteries, and parts, nspf	3692	Manufacturing
Storage batteries, and parts, nspf	3691	Manufacturing

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description	Code	Activity
Primary batteries	8506800000	Manufacturing
Primary cells & batteries, parts	8506	Manufacturing

CORE BUSINESS DESCRIPTION

Core Business

The primary business focus of GP BATTERY INDUSTRIES PVT LTD is:

Manufacturing - Finished products

An integral part of the core business includes:

Distribution

Supplementary Business

In addition to the core business, GP BATTERY INDUSTRIES PVT LTD also is engaged in the following areas of business:

Trading

General trading - Finished products

DOMESTIC SALES & PURCHASES

Annual Sales Analysis	Percentage
Domestic Sales	100%
International Sales (Export)	0%

Annual Purchases Analysis	Percentage
Local Purchases	100%
Imports	0%

REPUTATION

Reference checking for the purpose of establishing the GP BATTERY INDUSTRIES PVT LTD's reputation within the respective industry failed to reveal any adverse information.

OFFICE & FACILITIES

Name	:	GP BATTERY INDUSTRIES PVT LTD - HLAING THARYAR, YANGON
Type of Location	:	Industrial Area
Address	:	Industrial Zone 3, 59 Min Theiddi Kyawswar St, Hlaing Tharyar, Yangon
Country	:	Myanmar
Status	:	Operational

NOTES & COMMENTS

Na

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.48.89
UK Pound	1	Rs.77.31
Euro	1	Rs.67.79

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.