MIRA INFORM REPORT

 

 

Report Date :

14.08.2012

 

IDENTIFICATION DETAILS

 

Name :

GAURAV INT'L TRADING CO

 

 

Registered Office :

Rm 910/F, 9Fl La Pyae Wun Plaza Ah Lan Pya Pagoda Rd Yaw Min Gyi Ward Dagon Township, Yangon 11191

 

 

Country :

Myanmar

 

 

Date of Incorporation :

Not Available

 

 

Legal Form :

Sole-proprietorship

 

 

Line of Business :

Trader of Agricultural Products

 

 

No. of Employees :

15

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Recently Commenced Business 

Payment Behaviour :

Unknown

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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

:

GAURAV INT'L TRADING CO

Address

:

Rm 910/F, 9Fl La Pyae Wun Plaza Ah Lan Pya Pagoda Rd Yaw Min Gyi Ward Dagon Township, Yangon 11191

Country

:

Myanmar

Phone (S)

:

[+95] 1-370830

Facsimile

:

[+95] 1-393448

Email

:

gauravinternational2010@gmail.com

Primary Business Activity

 

:

Trader

Key Industry

:

Agricultural Products

 

Key Facts

Operational Address

:

Rm 910/F, 9Fl La Pyae Wun Plaza Ah Lan Pya Pagoda Rd Yaw Min Gyi Ward Dagon Township, Yangon 11191

License Number

:

Not Applicable(1)

License Status

:

Not Applicable - No tax number not required.

Legal Form - Category

:

Sole-proprietorship

Legal Form

:

Not Applicable

Legal Form - Abbreviation

:

Not Applicable

Operational Status of Business

:

Normal

Employees

:

15

Capital

:

n/a(2)

 

 

DIRECTORS/MANAGEMENT

 

Key Person

Legal Title

:

Proprietor / Owner

Name

:

Mr. Dinesh Joshi

Nationality

:

Indian

 

COMPANY MANAGEMENT

Management Listings

 

Name

Nationality

Job Description

Dept. / Division

1

Mr. Dinesh Joshi

Indian

Manager

-

2

Mr. Kay Khaing Myint

Myanmar

Manager

-

Management Details - 1

Personal Unique Identifier

:

MI03176303

Name

:

Mr. Dinesh Joshi

 

Management Details - 2

Personal Unique Identifier

:

MI03176426

Name

:

Mr. Kay Khaing Myint

 

 

 

NEGATIVE INFORMATION

 

REPUTATION

Due to the fact GAURAV INT'L TRADING CO is a sole-proprietorship, it has not been possible to identify any form of existing reputation within the respective industry sector.

ADVERSE LOCAL MEDIA COVERAGE / ADVERSE FILING HISTORY

 

No Record Found

 

 

LITIGATION

 

No Record Found

DEBT

 

No Record Found

DISHONORED CHECKS

 

No Record Found

 

PERFORMANCE DEFAULTS

 

No Record Found

 

 

SHARE & SHARE CAPITAL INFORMATION

 

Capital

:

n/a(2)

 

 

PAYMENT INFORMATION

 

Supplementary Business

 

In addition to the core business, GAURAV INT'L TRADING CO also is engaged in the following areas of business:

  1. Exporting
    • Exporting - Finished products
  2. Importing
    • Importing - Finished products

 

PAYMENT TERMS

Selling

Type

Terms

Local

Cash on delivery (COD)

Credit - Unsecured 30~60 days

Export

Letter of Credit (At-sight)

Telegraphic Transfer (T/T) - Received at time of transaction

Purchasing

Type

Terms

Local

Cash on delivery (COD)

Credit - Unsecured 30~60 days

Import

Letter of Credit (At-sight)

Telegraphic Transfer (T/T) - Executed at time of transaction

DOMESTIC SALES & PURCHASES

 

Annual Sales Analysis

Percentage

Domestic Sales

90%

International Sales (Export)

10%

 

 

Annual Purchases Analysis

Percentage

Local Purchases

80%

Imports

20%

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

N/a

 

 

FINANCIAL INFORMATION

 

FINANCIAL STATEMENT - DETAILED

Based on the corporate laws of Myanmar, legal entities which are Sole-proprietorship are not required to make public disclosure of their annual financials. Therefore no financials are available for this entity.

 

 

FOREIGN EXCHANGE RATES

 

N/a

 

 

ADDITIONAL INFORMATION

 

Report Details

 

Country

:

Myanmar

Business Entity Name

:

GAURAV INT'L TRADING CO

Primary Business Activity

:

Trader

Primary Industry

:

Agricultural Products

Office Contact Details

Operating Address

:

Rm 910/F, 9Fl La Pyae Wun Plaza Ah Lan Pya Pagoda Rd Yaw Min Gyi Ward Dagon Township, Yangon 11191

Tel

:

[+95] 1-370830

 

:

[+95] 1-370831

 

:

[+95] 1-370832

 

:

[+95] 1-370833

 

:

[+95] 1-370834

Mobile

:

[+95]-95129740

Fax

:

[+95] 1-393448

Email

:

gauravinternational2010@gmail.com

 

Primary Products

Products / Materials / Services Description

Activity

Beans

Trading

Mung beans

Trading

Pulses

Trading

 

SIC PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description

Code

Activity

Agricultural Production-Crops

0100

Trading

Grain & Field Beans

5153

Trading

Silverware, plated ware, and stainless steel ware

3914

Trading

Steel Plate/Sheet/Strip

331207

Trading

 

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description

Code

Activity

Beans (vigna spp., phaseolus spp.), except seed, dried, shelled

0713395090

Trading

Beans, species vigna mungo (l.) hepper or vigna radiata (l.) wilczek,except seed, dried, shelled

0713316000

Trading

Edible vegetables

0700

Trading

Iron & steel

7200

Trading

Stainless steel in ingots etc & semifin products

7218

Trading

 

DETAILED PRODUCT CLASSIFICATION & ACTIVITY

Products / Materials / Services Description

Ranking

Activity

Stainless steel products

Secondary

Trading

 

CORE BUSINESS DESCRIPTION

Core Business

The primary business focus of GAURAV INT'L TRADING CO is Trading - Finished products.

INTERNATIONAL TRADE : ACTIVITY & MARKETS

 

Country / Region

Estimated level of importance

Trading Activity

Asia / Pacific

Medium

Importing, Exporting

Europe

Medium

Exporting

Middle-East

Medium

Exporting

Bangladesh

Medium

Importing

China

Medium

Importing

India

Medium

Importing

United Arab Emirates

Medium

Exporting

United Kingdom

Medium

Exporting

Vietnam

Medium

Importing

 

COMPANY HISTORY

Date

Details

2011

Commenced businesss operation

 

 

 

NOTES & COMMENTS

 

Note

:

Note:

(1) Not applicable.
As a sole proprietorship, there is no legal requirement according to local corporate law for formal registration or incorporation.

(2) Not applicable.
According to the corporate statutory laws for this type of Legal Form - Category(Sole-proprietorship) in Myanmar, there is no requirement for Authorized Capital.


 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.41

UK Pound

1

Rs.86.77

Euro

1

Rs.55.41

 

 

INFORMATION DETAILS

 

Report Prepared by :

PDT

 

 

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.