MIRA INFORM REPORT

 

 

Report Date :

13.06.2013

 

IDENTIFICATION DETAILS

 

Name :

MYANMA INVESTMENT & COMMERCIAL BANK

 

 

Registered Office :

170/176 Ward (8) Bo Aung Kyaw St, Botahtaung Township, Yangon

 

 

Country :

Myanmar

 

 

Date of Incorporation :

July 1990

 

 

Legal Form :

Government-owned Enterprise

 

 

Line of Business :

Financial Services Provider

 

 

No. of Employees :

200

 

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 :

Satisfactory

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, 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

:

MYANMA INVESTMENT & COMMERCIAL BANK

Address

:

170/176 Ward (8) Bo Aung Kyaw St, Botahtaung Township, Yangon

Country

:

Myanmar

Phone (S)

:

[+95] 1-253755

Facsimile

:

[+95] 1-250507

Email

:

micb.hoygn@mptmail.net.mm

Website

:

http://www.micb.gov.mm

Primary Business Activity

:

Service

Key Industry

:

Financial Services - General

 

DIRECTORS/MANAGEMENT

 

COMPANY MANAGEMENT

Management Listings

 

Name

Nationality

Job Description

Dept. / Division

1

Mr. Myo Myint Aung

Myanmar

General Manager

-

2

Ms. Nwe Nwe Aye

Myanmar

Manager

-

3

Ms. Tin Tin Hlaing

Myanmar

Manager

-

4

Ms. Swe Zin Htut

Myanmar

Manager

-

5

Ms. Khin Thein Kyi

Myanmar

Manager

-

6

Ms. Aye Aye Kywe

Myanmar

Assist. General Manager

-

7

Ms. Win Win Maw

Myanmar

Assist. General Manager

-

8

Mr. Kyaw Min

Myanmar

Manager

-

9

Mr. Soe Min

Myanmar

Managing Director

-

10

Mr. Htun Naing

Myanmar

Manager

-

11

Mr. Tun Naing

Myanmar

Manager

Administration

12

Mr. Kyi Nyunt

Myanmar

Manager

-

13

Ms. Khin Pe Oo

Myanmar

Assist. General Manager

-

14

Ms. Nwe Nwe Oo

Myanmar

Manager

-

15

Mr. Mya Than

Myanmar

Managing Director

-

16

Mr. Si Thu

Myanmar

Manager

-

17

Mr. Thaung Tun

Myanmar

Assist. General Manager

-

18

Ms. Khin San Win

Myanmar

Manager

-

19

Ms. Lai Lai Win

Myanmar

General Manager

-

20

Ms. Tin Nwe Yi

Myanmar

Manager

-

21

Ms. San San Yin

Myanmar

General Manager

-

Management Details - 1

Personal Unique Identifier

:

MI03454281

Name

:

Mr. Myo Myint Aung

 

Tel

:

95-1-250514

Management Details - 2

Personal Unique Identifier

:

MI03454492

Name

:

Ms. Nwe Nwe Aye

 

Tel

:

95-1-250521

Management Details - 3

Personal Unique Identifier

:

MI03454454

Name

:

Ms. Tin Tin Hlaing

 

Tel

:

95-1-371015

Management Details - 4

Personal Unique Identifier

:

MI03454513

Name

:

Ms. Swe Zin Htut

 

Tel

:

95-1-256906

Management Details - 5

Personal Unique Identifier

:

MI03454460

Name

:

Ms. Khin Thein Kyi

 

Tel

:

95-1-371013

Management Details - 6

Personal Unique Identifier

:

MI03454446

Name

:

Ms. Aye Aye Kywe

 

Tel

:

95-1-256901

Management Details - 7

Personal Unique Identifier

:

MI03454288

Name

:

Ms. Win Win Maw

 

Tel

:

95-1-250507

Management Details - 8

Personal Unique Identifier

:

MI03454489

Name

:

Mr. Kyaw Min

 

Tel

:

95-1-371010

Management Details - 9

Personal Unique Identifier

:

MI01434451

Name

:

Mr. Soe Min

 

Management Details - 10

Personal Unique Identifier

:

MI03454504

Name

:

Mr. Htun Naing

 

Tel

:

95-1-371016

Management Details - 11

Personal Unique Identifier

:

MI03170091

Name

:

Mr. Tun Naing

 

Tel

:

95-1-250509

Management Details - 12

Personal Unique Identifier

:

MI03454457

Name

:

Mr. Kyi Nyunt

 

Tel

:

95-1-250510

Management Details - 13

Personal Unique Identifier

:

MI03454443

Name

:

Ms. Khin Pe Oo

 

Tel

:

95-1-371012

Management Details - 14

Personal Unique Identifier

:

MI03454509

Name

:

Ms. Nwe Nwe Oo

 

Tel

:

95-1-256902

Management Details - 15

Personal Unique Identifier

:

MI03454421

Name

:

Mr. Mya Than

 

Tel

:

95-1-250518

Management Details - 16

Personal Unique Identifier

:

MI03454512

Name

:

Mr. Si Thu

 

Tel

:

95-1-370978

Management Details - 17

Personal Unique Identifier

:

MI03454440

Name

:

Mr. Thaung Tun

 

Tel

:

95-1-371014

Management Details - 18

Personal Unique Identifier

:

MI03454500

Name

:

Ms. Khin San Win

 

Tel

:

95-1-371020

Management Details - 19

Personal Unique Identifier

:

MI03454429

Name

:

Ms. Lai Lai Win

 

Tel

:

95-1-250507

Management Details - 20

Personal Unique Identifier

:

MI03454456

Name

:

Ms. Tin Nwe Yi

 

Tel

:

95-1-253755

Management Details - 21

Personal Unique Identifier

:

MI03454436

Name

:

Ms. San San Yin

 

Tel

:

95-1-250512

 

COMPANY DIRECTORS

1

 

 

Personal Unique Identifier

:

MI03454421

Name

:

Mr. Mya Than

Nationality

:

Myanmar

 

2

 

 

Personal Unique Identifier

:

MI01434451

Name

:

Mr. Soe Min

Nationality

:

Myanmar

 

NEGATIVE INFORMATION

 

REPUTATION

Reference checking for the purpose of establishing the MYANMA INVESTMENT & COMMERCIAL BANK'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

 

CAPITAL (Currency: MMK - Myanmar Kyat)

Share Value

:

1,000

Authorized Capital

:

60,000,000

Paid-up Capital

:

60,000,000

 

Capital

:

US$ 9,360,374

 

SHAREHOLDERS

Total number of shareholders

:

1

Total number of shares

:

60,000

 

Currency

:

MMK - Myanmar Kyat

 

No.

Shareholders

Country

Shares

Number

Amount (MMK)

%

1

MINISTRY OF FINANCE & REVENUE

Myanmar

60,000

60,000,000

100.00

Total

60,000

60,000,000

100.00

 

 

 

PAYMENT INFORMATION

 

N/a

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

DIRECT / INDIRECT CORPORATE PARENT DETAILS

Indirect Parent

:

REPUBLIC OF THE UNION OF MYANMAR

Global Identifier

:

P1825063

Legal Form Category

:

Government-owned Organization

Country

:

Myanmar

Primary Business Activity

:

Service

 

RELATED PARTIES (Subsidiaries, Joint-ventures & Affiliates)

The following provides a summary of the number of businesses that are related to MYANMA INVESTMENT & COMMERCIAL BANK:

TYPE

DOMESTIC

TOTAL

Subsidiaries

-

Joint-Ventures

-

Minority shareholdings

-

Affiliates

4

Domestic

Business Entity Name

:

CENTRAL BANK OF MYANMAR

Global Identifier

:

P0280848

Country

:

Myanmar

Relationship

:

Affiliate

Operational Address

:

26(A) Settmu Rd, Yankin, Yangon

Primary Business Activity

:

Service

Industry

:

Financial Services - General

 

Business Entity Name

:

MYANMA AGRICULTURE & DEVELOPMENT BANK

Global Identifier

:

P1173244

Country

:

Myanmar

Relationship

:

Affiliate

Operational Address

:

2Fl, 26-42 Pansodan St Kyauktada, Kyauktada, Yangon

Primary Business Activity

:

Service

Industry

:

Financial Services - General

 

Business Entity Name

:

MYANMA ECONOMIC BANK

Global Identifier

:

P0325046

Country

:

Myanmar

Relationship

:

Affiliate

Operational Address

:

26 Thiri Kyaw Swar St, Naypyitaw

Primary Business Activity

:

Service

Industry

:

Financial Services - General

 

Business Entity Name

:

MYANMA FOREIGN TRADE BANK

Global Identifier

:

P0209622

Country

:

Myanmar

Relationship

:

Affiliate

Operational Address

:

80/86 Maha Bandoola Garden St Ward 2, Kyauktada Township, Yangon

Primary Business Activity

:

Service

Industry

:

Financial Services - General

 

FINANCIAL INFORMATION

 

FINANCIAL STATEMENT - DETAILED

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

FOREIGN EXCHANGE RATES

 

Today's Exchange rate

:

1.00 MMK
Myanmar Kyat

=

0.156006 USD
United States Dollars

 

ADDITIONAL INFORMATION

 

Key Facts

Operational Address

:

170/176 Ward (8) Bo Aung Kyaw St, Botahtaung Township, Yangon

License Number

:

Not Applicable(1)

License Status

:

No license is applicable.

Legal Form - Category

:

Government-owned Enterprise

Legal Form

:

Not Applicable

Legal Form - Abbreviation

:

Not Applicable

Operational Status of Business

:

Normal

Date of Registration

:

 

Employees

:

200

SWIFT Code

 

MICBMMMY

 

Report Details

Country

:

Myanmar

Business Entity Name

:

MYANMA INVESTMENT & COMMERCIAL BANK

Acronym

:

MICB

Primary Business Activity

:

Service

Primary Industry

:

Financial Services - General

Office Contact Details

Operating Address

:

170/176 Ward (8) Bo Aung Kyaw St, Botahtaung Township, Yangon

Tel

:

[+95] 1-253755

 

:

[+95] 1-256897

 

:

[+95] 1-253196

 

:

[+95] 1-256901

 

:

[+95] 1-380680

Fax

:

[+95] 1-250507

 

:

[+95] 1-250508

 

:

[+95] 1-371018

Email

:

micb.hoygn@mptmail.net.mm

Website Details

Website

:

http://www.micb.gov.mm

Status

:

Normal - operational

Country of Registration

:

Myanmar

Ownership Type

:

Registered ownership by Subject Business Entity

 

Primary Products

Products / Materials / Services Description

Activity

Banking

Service

Commercial banking

Service

Current accounts

Service

Domestic banking

Service

Fixed deposits

Service

 

 

 

SIC PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description

Code

Activity

Commercial Banks, NEC

6029

Service

Depository Bank Functions, NEC

6099

Service

Finance, Taxation, & Monetary

9300

Service

Foreign Trade/Int'l Banks

6082

Service

Loan Brokers

6163

Service

State Commercial Banks

6022

Service

 

 

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description

Code

Activity

Business services, health, financial/insur. legal/real estate, hotels, and misc repairs

9900

Service

Commercial banks/financing

9936

Service

Foreign trade & international banks

9937

Service

Loan services

9975

Service

 

 

DETAILED PRODUCT CLASSIFICATION & ACTIVITY

Products / Materials / Services Description

Ranking

Activity

International banking

Primary

Service

Loans

Primary

Service

Personal banking

Primary

Service

Remittance

Primary

Service

Savings accounts

Primary

Service

Savings deposit

Primary

Service

 

CORE BUSINESS DESCRIPTION

Core Business

The primary business focus of MYANMA INVESTMENT & COMMERCIAL BANK is Specialized professional services, including:

·                     Banking

·                     Commercial banking

·                     International banking

·                     Loans

·                     Remittance

·                     Savings accounts


Key services include:

·                     Banking

·                     Commercial banking

·                     Domestic banking

·                     Fixed deposits

·                     International banking

·                     Loans

·                     Personal banking

·                     Remittance

·                     Savings accounts

·                     Savings deposit

 

LOCAL BRANCHES & MANAGEMENT

Branch

:

MYANMA INVESTMENT & COMMERCIAL BANK - CHAN AYE THAR ZAN, MANDALAY

Branch Address

:

100, 84th Between 29th & 30th St, Chan Aye Thar Zan, Mandalay

Branch Tel

:

95-1-35816

Branch Fax

:

95-1-35817

Branch Management

Name

Job Description

Nationality

Ms. Shin Moe

Assist. General Manager

Myanmar

Mr. Aung Ko Ko Swe

Manager

Myanmar

 

COMPANY HISTORY

Date

Details

1990 - Jul

Commenced business operation.

NOTES & COMMENTS

Note

:

(1) Not applicable.
Being a State-owned Enterprise and formed through the process of legislation, no license number is applicable.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.58.27

UK Pound

1

Rs.91.16

Euro

1

Rs.77.50

 

 

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.