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Report Date : |
27.12.2013 |
IDENTIFICATION DETAILS
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Name : |
BANDOOLA MYANMAR LIMITED |
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Registered Office : |
No. 77, |
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Country : |
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Date of Incorporation : |
1877 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
·
Wholesale of coffee,
tea, cocoa and spices ·
Wholesale of grain,
unmanufactured tobacco, seeds and animal feeds |
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No. of Employees : |
20-34 |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Myanmar |
B2 |
B2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
BANDOOLA MYANMAR LIMITED
Main Address: No.
77, Shwe Bontha street, Pabedan Township
Zip code/City: Yangon,
Myanmar
Telephone: +95 1 245 201
Fax: +95
1 248 174
Web site: http://www.goenkagroupofcompanies.com/
E-mail: bandoolacrop@gmail.com;
ggoc.global@gmail.com
WIN Worldbox No.: MM0000020882
Established: 1877
Line of Business: Consumer goods wholesale
Industry Division: Wholesale trade
Industry-code (NACE): 4637 Wholesale of coffee, tea, cocoa and spices
4621
Wholesale of grain, unmanufactured tobacco, seeds and animal feeds
Banks: Not
Disclosed
Employees: 20-34
CNPJ: -
Board of Directors:
General Manager Rajuul Goenka
Official Administration:
Director Rajuul Goenka
Chief Executive Officer Rajuul Goenka
Public information:
-
Legal form: Limited
Liability Company
Balance sheet filing date: -
Tax Contributor Number (CNPJ): -
Legal status: active
Responsible Register: State Register of Myanmar
Entry Deleted Name
active Bandoola
Myanmar Limited
Import and Export:
Import, Export
Payment history:
No payment history is available.
Owners/-s:
The company Bandoola Myanmar Limited is part
of the Group "Goenka Bandoola Group of Companies".
The Group is owned by the family Goenka
Bandoola.
The name of the shareholders and the exact
percentage were not disclosed.
Financial information:
Private companies in Myanmar are not required
to disclose financial statements. These have been requested from the company but
they have not been made available as the subject regards this information as
strictly confidential.
Exchange rate:
US$ 1,00
= MMK 980 - Official rate
Main Activities:
The company is a leading export of agro
commodities from Myanmar. The company deals in various kinds of pulses &
beans like Green Moong Beans, Black Matpe, Toor, The company has 3 pulses
processing unit in Yangon and the largest capacity to produce various dhals in
Myanmar.
The company is part of the Goenka Bandoola
Group of Companies.
The company is currently exporting products to
Singapore, Malaysia, Indonedsia, Middle East, India & UK. We are the only
company to export processed Dhal from Myanmar to UK. They are also a leading
exporter of spices from Myanmar and export products like Turmeric Finger, Dry
Ginger, Coriander Seeds, Tamarind
Operations & branches:
At the address, No. 77, Shwe Bontha street, Pabedan
Township Yangon, Myanmar, we find the company's head office.
Group offices in Myanmar, Singapore, India
& UAE.
India
108, Cama Industrial Estate,
Lower Parel (W),
Mumbai-40013
Singapore
#03-1121,Joo Chiat Complex
Blk 2, Joo Chiat Toad
Singapore - 420002
Staff:
20-34
Company's Background:
The company Bandoola Myanmar Limited is part
of the Group "Goenka Bandoola Group of Companies". The group is in
Myanmar since 1877.
The Group is engaged in the following
acitvities:
- Manufacturer
- Export-Import
- Government Supplies
- Tourism
- Pharmaceuticals
- Isnpection & Survey
The Group is formed by the following
companies:
- Syagyi Goenka Sons Ltd;
- Bandoola Infocom Pvt. Ltd;
- Bandoola Internacional(s) Pte Ltd;
- Kalyana Mateta Co. Ltd
- Ugs Internacional
- Wheel and Wings(Ur Trusted travel partner)
- Bandoola Tours & Travels Limited
- U Goenka Sons Private Limited
- Bandoola International Singapore Pte Ltd
We are still awaiting the registration details;
as soon as we have received these we will send you an update.
The website of the company is under
construction.
We have contacted an employee who was not
authorized to disclose any kind of information on grounds of confidentiality
and advised to present the subject matter via e-mail.
We sent a questionnaire to the emails
available requesting more information from the company. If we receive a reply
we will send an update.
The details from this report come from
official sources and various databases we can consult.
Due to insufficient payment history &
financial information being available we suggest any credit extended to the
company be on secured terms with necessary guarantees.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.98 |
|
|
1 |
Rs.101.49 |
|
Euro |
1 |
Rs.84.79 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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 |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 |
|
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.