MIRA INFORM REPORT

 

 

Report Date :

11.05.2012

 

IDENTIFICATION DETAILS

 

Name :

FARMER CHOICE TRACTOR CO LTD

 

 

Registered Office :

Pyay Rd Near Kyaik Ka Lot Pagoda Bus Stop Pyi Daw Thar Ward, Mingalardon

 

 

Country :

Mynamar

 

 

Date of Incorporation :

2011

 

 

Legal Form :

Private Company with Limited Liability

 

 

Line of Business :

Importing, Trading of Industrial Machinery & Equipment

 

 

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

 

Status :

Moderate  

 

 

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 – September 30, 2011

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Mynamar

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

:

FARMER CHOICE TRACTOR CO LTD

 

Address

:

Pyay Rd Near Kyaik Ka Lot Pagoda Bus Stop Pyi Daw Thar Ward, Mingalardon

 

Country

:

Myanmar

 

Phone (S)

:

[+95] 1-635618

 

Facsimile

:

[+95] 1-635634

 

Email

:

kyawfamily@yangon.net.mm

 

Website

:

http://www.kyawfamily.com

 

Primary Business Activity

:

Trader

 

Key Industry

:

Machinery

 

Key Facts

 

Registered Legal Address

:

Pyay Rd Near Kyaik Ka Lot Pagoda Bus Stop Pyi Daw Thar Ward, Mingalardon

Operational Address

:

Pyay Rd Near Kyaik Ka Lot Pagoda Bus Stop Pyi Daw Thar Ward, Mingalardon

Issuing Authority

:

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

License Number

:

Unknown

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

 

Employees

:

15

 

Capital

:

n/a(1)

 

Note

:

(1) 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

:

FARMER CHOICE TRACTOR CO LTD

Primary Business Activity

:

Trader

Primary Industry

:

Machinery

Office Contact Details

Operating Address

:

Pyay Rd Near Kyaik Ka Lot Pagoda Bus Stop Pyi Daw Thar Ward, Mingalardon

Tel

:

[+95] 1-635618

Mobile

:

[+95]-95194311

 

:

[+95]-973091151

 

:

[+95]-973091153

Fax

:

[+95] 1-635634

Email

:

kyawfamily@yangon.net.mm
farmerchoicetractor@gmail.com

Website Details

Website

:

http://www.kyawfamily.com

 

 

 

DIRECTORS/MANAGEMENT

 

Key Person

Legal Title

:

Managing Director

Name

:

Mr. Kyaw Sein

Nationality

:

Myanmar

 

COMPANY DIRECTORS

1

 

 

Personal Unique Identifier

:

MI03128974

Name

:

Mr. Kyaw Sein

Nationality

:

Myanmar

2

 

 

Personal Unique Identifier

:

MI03128975

Name

:

Mr. Naing Oo

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 FARMER CHOICE TRACTOR 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

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

 

 

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

 

Primary Products

Products / Materials / Services Description

Activity

 

Industrial machinery

Importing, Trading

 

Industrial tools

Importing, Trading

 

 

 SIC PRODUCT CLASSIFICATION & ACTIVITY

 

 

Product/Service Description

Code

Activity

Industrial Machinery & Equipment

3500

Importing, Trading

Industrial Machinery/Equip

5084

Importing, Trading

 

 

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

 

 

Product/Service Description

Code

Activity

Machines etc having individual functions nesoi, parts

8479

Importing, Trading

 

 

CORE BUSINESS DESCRIPTION

 

Core Business

 

The primary business focus of FARMER CHOICE TRACTOR CO LTD is Trading - Finished products.

 

Supplementary Business

 

In addition to the core business, FARMER CHOICE TRACTOR CO LTD also is engaged in the following areas of business:

  1. Importing
    • Importing - Finished products

 

DOMESTIC SALES & PURCHASES

 

 

 

 

 

Annual Sales Analysis

Percentage

Domestic Sales

100%

 

 

Annual Purchases Analysis

Percentage

Local Purchases

80%

Imports

20%

 

 

INTERNATIONAL TRADE : ACTIVITY & MARKETS

 

 

Country / Region

Estimated level of importance

Trading Activity

Asia / Pacific

Medium

Importing

 

OFFICE & FACILITIES

Name

:

FARMER CHOICE TRACTOR CO LTD - MINGALARDON

Address

:

Pyay Rd Near Kyaik Ka Lot Pagoda Bus Stop Pyi Daw Thar Ward, Mingalardon

Country

:

Myanmar

Ownership of Property

:

Rented / Leased

Status

:

Operational

 

COMPANY HISTORY

Date

Details

2011

Commenced business operations.

 

 

NOTES & COMMENTS

 

Na

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.33

UK Pound

1

Rs.86.10

Euro

1

Rs.69.06

 

 

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.