MIRA INFORM REPORT

 

 

Report Date :

12.07.2013

 

IDENTIFICATION DETAILS

 

Name :

THUWUNNA NADI TRADING LTD

 

 

Registered Office :

Ground Fl, 53-55, 30th St Ward 6 Pabedan, Yangon 00951

 

 

Country :

Myanmar

 

 

Date of Incorporation :

09.08.1993

 

 

Legal Form :

Limited

 

 

Line of Business :

Trader of Consumer Products

 

 

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 – March 31st, 2013

 

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

Myanmar

B2

B2

 

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

:

THUWUNNA NADI TRADING LTD

Address

:

Ground Fl, 53-55, 30th St Ward 6 Pabedan, Yangon 00951

Country

:

Myanmar

Phone (S)

:

[+95] 1-204125

Facsimile

:

[+95] 1-241064

Email

:

thuwunnanadi@gmail.com

Primary Business Activity

:

Trader

Key Industry

:

Consumer Products

 

Key Facts

 

Registered Legal Address

:

Ground Fl, 53-55, 30th St Ward 6 Pabedan, Yangon 00951

Operational Address

:

Ground Fl, 53-55, 30th St Ward 6 Pabedan, Yangon 00951

Issuing Authority

:

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

License Number

:

3/1047

License Status

:

License exists - Normal.

Legal Form - Category

:

Private Company with Limited Liability

Legal Form

:

Limited

Legal Form - Abbreviation

:

LTD

Operational Status of Business

:

Normal

Date of Registration

:

9 Aug, 1993 (1)

Employees

:

15

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

:

THUWUNNA NADI TRADING LTD

Primary Business Activity

:

Trader

Primary Industry

:

Consumer Products

Office Contact Details

Operating Address

:

Ground Fl, 53-55, 30th St Ward 6 Pabedan, Yangon 00951

Tel

:

[+95] 1-204125

 

:

[+95] 1-251780

 

:

[+95] 1-385995

Mobile

:

[+95]-95013210

 

:

[+95]-95013209

 

:

[+95]-95500588

Fax

:

[+95] 1-241064

Email

:

thuwunnanadi@gmail.com

 

 

 

DIRECTORS/MANAGEMENT

Key Person

 

Legal Title

:

Managing Director

Name

:

Mr. Jadish Kedia

Nationality

:

Myanmar

 

 

COMPANY MANAGEMENT

 

Management Listings

 

Name

Nationality

Job Description

Dept. / Division

1

Mr. Arjun Kedia

Myanmar

Director

Marketing

2

Mr. Myint Lwin

Myanmar

Director

Administration

Management Details - 1

Personal Unique Identifier

:

MI03263311

Name

:

Mr. Arjun Kedia

 

Management Details - 2

Personal Unique Identifier

:

MI03256092

Name

:

Mr. Myint Lwin

 

 

 

COMPANY DIRECTORS

1

 

 

Personal Unique Identifier

:

MI03256076

Name

:

Mr. Jadish Kedia

Nationality

:

Myanmar

 

2

 

 

Personal Unique Identifier

:

MI03478952

Name

:

Mr. Jay Kedia

Nationality

:

Myanmar

 

Based on corporate statutory laws / regulations in Myanmar, there is no requirement for public disclosure of Directors. In this case, the Directors information was supplied by the Subject Business Entity.

 

NEGATIVE INFORMATION

 

REPUTATION

Reference checking for the purpose of establishing the THUWUNNA NADI TRADING LTD's reputation within the respective industry failed to reveal any adverse information.

 

NEGA-SCAN - 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 - Secured with Post-dated checks 30~60 days

Purchasing

Type

Terms

Local

Cash on delivery (COD)

Credit - Secured with Post-dated checks 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

Caustic soda flakes

Importing, Trading

Chemicals

Importing, Trading

Cocoa powder

Importing, Trading

Confectionery ingredients

Importing, Trading

Cotton yarns

Importing, Trading

 

SIC PRODUCT CLASSIFICATION & ACTIVITY

 

Product/Service Description

Code

Activity

Candy and other confectionery products

2064

Importing, Trading

Chemicals and Allied Products

2800

Importing, Trading

Chocolate and cocoa products

2066

Importing, Trading

Dairy Products

5143

Importing, Trading

Electric lamps

3641

Importing, Trading

Electronic & Electric Equip.

3600

Importing, Trading

Electronic Parts/Equip, NEC

5065

Importing, Trading

Electronic components, nspf

3679

Importing, Trading

Finish Cotton Fabrics

2261

Importing, Trading

Flavoring extracts and flavoring sirups, nspf

2087

Importing, Trading

 

 

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

 

Product/Service Description

Code

Activity

Aromatic odoriferous or flavoring compounds

2918903500

Importing, Trading

Articles of milk or cream

1901903090

Importing, Trading

Asbestos woven or knitted fabric

6812400000

Importing, Trading

Chemical products and preparations of the chemical or allied industries

3823905050

Importing, Trading

Cocoa & cocoa preparations

1800

Importing, Trading

Cocoa powder, not sweetened

1805

Importing, Trading

Cotton yarn (not sewing thread) nu 85% cot no retail

5205

Importing, Trading

Cotton yarn (not sewing thread) retail packed

5207

Importing, Trading

Cotton, inc. yarns & woven fabrics thereof

5200

Importing, Trading

Dairy products

0405207000

Importing, Trading

 

 

DETAILED PRODUCT CLASSIFICATION & ACTIVITY

 

Products / Materials / Services Description

Ranking

Activity

Dairies

Primary

Importing, Trading

Dairy products

Primary

Importing, Trading

Electrical products

Primary

Importing, Trading

Electronic products

Primary

Importing, Trading

Fabrics

Primary

Importing, Trading

Food additives

Primary

Importing, Trading

Food chemical additives

Primary

Importing, Trading

Food flavour

Primary

Importing, Trading

Lamps

Primary

Importing, Trading

Lighting

Primary

Importing, Trading

 

 

CORE BUSINESS DESCRIPTION

 

Core Business

The primary business focus of THUWUNNA NADI TRADING LTD is Trading - Finished products.

Key products include :

·                     Caustic soda flakes

·                     Chemicals

·                     Cocoa powder

·                     Confectionery ingredients

·                     Cotton yarns

·                     Dairies

·                     Dairy products

·                     Electrical products

·                     Electronic products

·                     Fabrics

·                     Food additives

·                     Food chemical additives

·                     Food flavour

·                     Lamps

·                     Lighting

·                     Milk powder

·                     Milk products

·                     Paper

 

Supplementary Business

In addition to the core business, THUWUNNA NADI TRADING 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%

International Sales (Export)

0%

 

 

Annual Purchases Analysis

Percentage

Local Purchases

70%

Imports

30%

 

LOCAL BRANCHES & MANAGEMENT

 

Branch

:

THUWUNNA NADI TRADING LTD - MANDALAY

Branch Address

:

A8-A9, 78th St Between 31st & 32nd St Below Fantasy World, Mandalay

Branch Tel

:

95-2-36242

INTERNATIONAL TRADE - Activity & Markets

 

 

 

 

Country / Region

Estimated level of importance

Trading Activity

Asia / Pacific

Medium

Importing

Europe

Medium

Importing

China

Medium

Importing

France

Medium

Importing

New Zealand

Medium

Importing

 

 

OFFICE & FACILITIES

 

Name

:

THUWUNNA NADI TRADING LTD - YANGON

Type of Location

:

Government-owned / leased property

Address

:

Ground Fl, 53-55, 30th St Ward 6 Pabedan, Yangon 00951

Country

:

Myanmar

Status

:

Operational

 

 

PREVIOUS CONTACT DETAILS

 

E-mail

:

thuwunnanadi@mptmail.net.mm

 

NOTES & COMMENTS

 

Na

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.59.64

UK Pound

1

Rs.90.14

Euro

1

Rs.77.98

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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.