MIRA INFORM REPORT

 

 

Report Date :

11.06.2012

 

IDENTIFICATION DETAILS

 

Name :

DIAMOND STAR CO LTD

 

 

Registered Office :

Diamond Star Bldg - Upper Block 256-260 Sule Pagoda Rd, Kyauktada,

Yangon 11182

 

 

Country :

Myanmar

 

 

Date of Incorporation :

08.09.1994

 

 

Legal Form :

Company Limited

 

 

Line of Business :

Manufacturer of Agricultural Products.

 

 

No. of Employees :

225

 

 

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

 

Status :

Good

 

 

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 – 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

:

DIAMOND STAR CO LTD

Address

:

Diamond Star Bldg - Upper Block 256-260 Sule Pagoda Rd, Kyauktada,

Yangon 11182

Country

:

Myanmar

Phone (S)

:

[+95] 1-241800

Facsimile

:

[+95] 1-242663

Email

:

diamondstar@mptmail.net

Website

:

http://www.diamondstargroups.com

Primary Business Activity

 

 

:

Manufacturer

Key Industry

:

Agricultural Products

 

Key Facts

Registered Legal Address

:

1Fl, 31 Lathar, Latha, Yangon

Operational Address

:

Diamond Star Bldg - Upper Block 256-260 Sule Pagoda Rd, Kyauktada, Yangon 11182

Issuing Authority

:

Ministry of National Planning & Economic Development, Directorate of Investment & Company Administration

License Number

:

3/3540

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

:

8 Sep, 1994 (1)

Employees

:

225

Capital

:

n/a(2)

 

 

DIRECTORS/MANAGEMENT

 

COMPANY MANAGEMENT

Management Listings

 

Name

Nationality

Job Description

Dept. / Division

1

Ms. Thwel Thwel Moe

Myanmar

Manager

-

2

Mr. San Myaing

Myanmar

Manager

-

Management Details - 1

Personal Unique Identifier

:

MI03144990

Name

:

Ms. Thwel Thwel Moe

Management Details - 2

Personal Unique Identifier

:

MI03144987

Name

:

Mr. San Myaing

LOCAL BRANCHES & MANAGEMENT

Branch

:

DIAMOND STAR CO LTD - LANMADAW, YANGON

Branch Address

:

SS-8 Nyaung Pin Lay Plaza, Lanmadaw, Yangon 11131

Branch Tel

:

95-1-229321

Branch Employees

:

15

Branch Management

Name

Job Description

Nationality

Ms. Aye Kyaing

Branch Manager

Myanmar

Branch

:

DIAMOND STAR CO LTD - HLAING, YANGON

Branch Address

:

Oakkyin Butaryon St & 50th St, Hlaing, Yangon 11051

Branch Tel

:

95-1-662439

Branch Employees

:

24

Branch Management

Name

Job Description

Nationality

Mr. Aung Lwin

Branch Manager

Myanmar

Branch

:

DIAMOND STAR CO LTD - MAYANGONE, YANGON

Branch Address

:

Diamond Star Bldg F-30 Ngu Wah St, Mayangone, Yangon 11062

Branch Tel

:

95-1-700833

Branch Fax

:

95-1-682391

Branch Employees

:

32

Branch Management

Name

Job Description

Nationality

Mr. Kyaw Myint

Branch Manager

Myanmar

Branch

:

DIAMOND STAR CO LTD - MANDALAY

Branch Address

:

24, 26th St Between 86 & 87 St, Mandalay

Branch Tel

:

95-2-32590

Branch Fax

:

95-2-35157

Branch Employees

:

12

Branch Management

Name

Job Description

Nationality

Mr. Aung Thaung

Branch Manager

Myanmar

Branch

:

DIAMOND STAR CO LTD - KYAUKTADA, YANGON

Branch Address

:

277/285 Bo Aung Kyaw Rd, Kyauktada, Yangon

Branch

:

DIAMOND STAR CO LTD - KAMAYUT, YANGON

Branch Address

:

B-1 Shwe Kain Nayi Housing Estate Narnat Taw St, Kamayut, Yangon 11041

Branch Tel

:

95-1-26426

Branch

:

DIAMOND STAR CO LTD - MANDALAY

Branch Address

:

168, 28th St Between 79 & 80 St, Mandalay

Branch Tel

:

95-1-26426

Branch

:

DIAMOND STAR CO LTD - YANGON (RANGOON)

Branch Address

:

F-30/A,B Ngu Wah St Ward (1), Yangon (Rangoon)

Branch Tel

:

95-1-682391

Branch Management

Name

Job Description

Nationality

Mr. Ko Ko Gyi

Representative

Myanmar

COMPANY DIRECTORS

 

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 Directors.

 

 

 

NEGATIVE INFORMATION

 

REPUTATION

Reference checking for the purpose of establishing the DIAMOND STAR 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 - 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

60%

International Sales (Export)

40%

Annual Purchases Analysis

Percentage

Local Purchases

70%

Imports

30%

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

RELATED PARTIES (Subsidiaries , Joint-ventures & Affiliates)

Business Entity Name

:

MYANMAR CONSUMER ENTERPRISE LTD

Global Identifier

:

P2089800

Country

:

Myanmar

Relationship

:

Subsidiary

 

Business Entity Name

:

PAC LINK TRADING LTD

Global Identifier

:

P2089802

Country

:

Myanmar

Relationship

:

Subsidiary

 

Business Entity Name

:

PREMIER COFFEE CO LTD

Global Identifier

:

P2089805

Country

:

Myanmar

Relationship

:

Subsidiary

 

 

FINANCIAL INFORMATION

 

Financials - Summary  (Currency: USD - US Dollar)

Year

Sales

Assets

Net Income

2003

 

27,960,526

n/a

n/a

2004

 

31,304,348

n/a

n/a

2005

(*)

36,842,105

n/a

n/a

 

FINANCIALS - SUMMARY (Currency: USD - US Dollar)

Year

Sales

Assets

Net Income

1999

12,280,702

n/a

n/a

2000

18,662,519

n/a

n/a

2001

22,455,090

n/a

n/a

2002

24,353,120

n/a

n/a

 

FINANCIAL STATEMENT - DETAILED

Income Statement

Currency

:

MMK

Denomination

:

1

Financial Highlights

2003 Annual

2004 Annual

2005 Annual

Turnover

170,000,000

180,000,000

210,000,000

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. Although financials were obtained for reference.

 

 

ADDITIONAL INFORMATION

 

Employees

:

225

 

Report Details

 

 

Country

:

Myanmar

 

 

Business Entity Name

:

DIAMOND STAR CO LTD

 

 

Primary Business Activity

:

Manufacturer

 

 

Primary Industry

:

Agricultural Products

 

 

Office Contact Details

 

 

Operating Address

:

Diamond Star Bldg - Upper Block 256-260 Sule Pagoda Rd, Kyauktada, Yangon 11182

 

 

Tel

:

[+95] 1-241800

 

 

 

:

[+95] 1-381078

 

 

 

:

[+95] 1-381079

 

 

 

:

[+95] 1-381048

 

 

 

:

[+95] 1-241725

 

 

Mobile

:

[+95] 09-9924995

 

 

Fax

:

[+95] 1-242663

 

 

Email

:

diamondstar@mptmail.net
info@diamondstargroups.com

 

 

Factory Contact Details

 

 

Address

:

Industrial Zone 50/51/52 Yaw Ah Twin Wun U Pho Hlaing St Corner of Kanaung Min Thar Gyi St, East Dagon, Yangon

 

 

Tel

:

[+95] 1-585107

 

 

 

:

[+95] 1-585108

 

 

Fax

:

[+95] 1-373388

 

 

Website Details

 

 

Website

:

http://www.diamondstargroups.com

 

 

Status

:

Normal - operational

 

 

Country of Registration

:

Myanmar

 

 

Ownership Type

:

Registered ownership by Subject Business Entity

 

 

BRANDS & TRADEMARKS

 

 

Brands & Trademarks

Application Category

Armo

n/a

Diamond Star

n/a

Dong Pyan

n/a

Golden Mountain

n/a

Kyar Pyan

n/a

Lotus

n/a

 

 

 Sales Trend – Analysis

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

-

-

-

-

Note: (*)

Financials listed are the most recent available for this company.

Primary Products

Products / Materials / Services Description

Activity

Alcoholic beverages

Manufacturing, Exporting

Aquatic plants

Manufacturing, Exporting

Baby foods

Manufacturing, Exporting

Bakery ingredients

Manufacturing, Exporting

Bakery mixes

Manufacturing, Exporting

 

 

SIC PRODUCT CLASSIFICATION & ACTIVITY

 

 

Product/Service Description

Code

Activity

Agricultural Production-Crops

0100

Manufacturing, Exporting

Agricultural pesticides and other agricultural chemicals, nspf

2879

Manufacturing, Exporting

Beet and cane sugar, molasses, and byproducts

2062

Manufacturing, Exporting

Bread and other bakery products, other than frozen

2051

Manufacturing, Exporting

Brick/Stone/Const Materials

5032

Manufacturing, Exporting

Candy and other confectionery products

2064

Manufacturing, Exporting

Cereal breakfast foods

2043

Manufacturing, Exporting

Cheese, natural and processed

2022

Manufacturing, Exporting

Confectionery

5145

Manufacturing, Exporting

Construction Materials, NEC

5039

Manufacturing, Exporting

 

 

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description

Code

Activity

Agric, construction, trans, electric/ gas/ sanitary, eng & mgmt & envir.quality

9800

Service

Articles of milk or cream

1901903090

Manufacturing, Exporting

Bars & rods, iron & na steel

7214

Manufacturing, Exporting

Base metals nesoi; cermets; articles etc.

8100

Manufacturing, Exporting

Beans (vigna spp., phaseolus spp.), fresh or chilled

0708209000

Manufacturing, Exporting

Beverages, spirits & vinegar

2200

Manufacturing, Exporting

Biscuits and other similar baked products

1905901090

Manufacturing, Exporting

Bread

1905901070

Manufacturing, Exporting

Bread, biscuits and other similar baked products

1905901080

Manufacturing, Exporting

Bread, pastry cakes etc: comm wafers, empty caps etc

1905

Manufacturing, Exporting

 

DETAILED PRODUCT CLASSIFICATION & ACTIVITY

Products / Materials / Services Description

Ranking

Activity

Bakery supplies

Primary

Manufacturing, Exporting

Beans

Primary

Manufacturing, Exporting

Biscuits

Primary

Manufacturing, Exporting

Black eye beans

Primary

Manufacturing, Exporting

Black matpe

Primary

Manufacturing, Exporting

Blackeye peas

Primary

Manufacturing, Exporting

Bread

Primary

Manufacturing, Exporting

Brown sesame

Primary

Manufacturing, Exporting

Butter

Primary

Manufacturing, Exporting

Butter substitutes

Primary

Manufacturing, Exporting

Real estate

Secondary

Service

Real estate development

Secondary

Service

 

CORE BUSINESS DESCRIPTION

Core Business

The primary business focus of DIAMOND STAR CO LTD is Manufacturing - Finished products.

An integral part of the core business includes:

·                     Distribution

Supplementary Business

In addition to the core business, DIAMOND STAR CO LTD also is engaged in the following areas of business:

1.                  Exporting

·                     Exporting - Finished products

2.                  Importing

·                     Importing - Raw materials

3.                  Service

·                     Specialized professional services, including:

§                     Real estate

4.                  Trading

·                     Trading - Finished products

BANK DETAILS

 

Bank Name

:

ASIA WEALTH BANK (AWB)

Global Identifier

:

P0209623

Branch

:

Lanmadaw,Yangon

Branch Address

:

LanmadawYangon

SWIFT Code

:

This bank does not have a SWIFT Code

Bank Name

:

MYANMA FOREIGN TRADE BANK (MFTB)

Global Identifier

:

P0209622

Branch

:

Yangon (Rangoon)

Branch Address

:

Yangon (Rangoon)

SWIFT Code

:

MFTBMMMY

Bank Name

:

MYANMA INVESTMENT & COMMERCIAL BANK (MICB)

Global Identifier

:

P0209621

Branch

:

Yangon (Rangoon)

Branch Address

:

Yangon (Rangoon)

SWIFT Code

:

MICBMMMY

Bank Name

:

YOMA BANK (YB)

Global Identifier

:

P0220121

Branch

:

Pabedan,Yangon

Branch Address

:

PabedanYangon

SWIFT Code

:

This bank does not have a SWIFT Code

 

INTERNATIONAL TRADE : ACTIVITY & MARKETS

 

 

Country / Region

Estimated level of importance

Trading Activity

Asia / Pacific

Medium

Importing, Exporting

Middle-East

Medium

Importing

Australia

Medium

Importing

Bangladesh

Medium

Exporting

Hong Kong

Medium

Exporting

India

Medium

Exporting

Malaysia

Medium

Importing

Saudi Arabia

Medium

Importing

Singapore

Medium

Importing, Exporting

United Arab Emirates

Medium

Importing

Vietnam

Medium

Importing

 

OFFICE & FACILITIES

Name

:

DIAMOND STAR CO LTD - KYAUKTADA, YANGON

Employees

:

20

Address

:

Diamond Star Bldg - Upper Block 256-260 Sule Pagoda Rd, Kyauktada, Yangon 11182

Country

:

Myanmar

Ownership of Property

:

Rented / Leased

Status

:

Operational

 

FACTORIES, SIZE, & LOCATIONS

Name

:

DIAMOND STAR CO LTD - HLAING THARYAR, YANGON

Building Size

:

12,000 Square feet

Address

:

135-136 Than Chat Wun U Nyunt St, Hlaing Tharyar, Yangon 11401

Country

:

Myanmar

Status

:

Operational

 

ASSOCIATIONS

Domestic Associations

Association Name

UNION OF MYANMAR FEDERATION CHAMBER OF COMMERCE & INDUSTRY, THE - UMFCCI

 

 

 

NOTES & COMMENTS

 

Na

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.36

UK Pound

1

Rs.85.63

Euro

1

Rs.69.21

 

 

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.