MIRA INFORM REPORT

 

 

Report Date :

15.03.2013

 

IDENTIFICATION DETAILS

 

Name :

HI-LIFE CO LTD

 

 

Registered Office :

179 Anawrahta Rd Corner of Shwe Taung Dan St Ward (6), Lanmadaw, Yangon

 

 

Country :

Myanmar

 

 

Date of Incorporation :

31.03.1997

 

 

Legal Form :

Company Limited

 

 

Line of Business :

Trader of Stationery & Office Supplies

 

 

No. of Employees :

26

 

 

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 – June 30th, 2012

 

Country Name

Previous Rating

(31.03.2011)

Current Rating

(30.06.2012)

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

 

Organization Name

:

HI-LIFE CO LTD

Address

:

179 Anawrahta Rd Corner of Shwe Taung Dan St Ward (6), Lanmadaw, Yangon

Country

:

Myanmar

Phone (S)

:

[+95] 1-224026

Email

:

hilife@myanmar.com

Primary Business Activity

:

Trader

Key Industry

:

Office Equip./Supplies & Stationery

 

Registered Legal Address

:

179 Anawrahta Rd Corner of Shwe Taung Dan St Ward (6), Lanmadaw, Yangon

Operational Address

:

179 Anawrahta Rd Corner of Shwe Taung Dan St Ward (6), Lanmadaw, Yangon

Issuing Authority

:

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

License Number

:

2135/96-97

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

:

31 Mar, 1997 (1)

Employees

:

26

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.

 

DIRECTORS/MANAGEMENT

 

Key Person

Legal Title

:

Chairman

Name

:

Ms. Cho Cho Myint

Nationality

:

Myanmar

 

 

COMPANY MANAGEMENT

 

Management Listings

 

Name

Nationality

Job Description

Dept. / Division

1

Ms. San San Nwe

Myanmar

Representative

-

 

Management Details - 1

Personal Unique Identifier

:

MI03399572

Name

:

Ms. San San Nwe

 

 

COMPANY DIRECTORS

1

 

 

Personal Unique Identifier

:

MI03398371

Name

:

Mr. Tan Yoke Chuan

Nationality

:

Myanmar

 

2

 

 

Personal Unique Identifier

:

MI03398370

Name

:

Ms. Cho Cho Myint

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.
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 HI-LIFE CO 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

 

DOMESTIC SALES & PURCHASES

 

Annual Sales Analysis

Percentage

Domestic Sales

100%

International Sales (Export)

0%

 

 

Annual Purchases Analysis

Percentage

Local Purchases

100%

Imports

0%

 

 

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

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

N/a

 

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

 

N/a

 

ADDITIONAL INFORMATION

 

Country

:

Myanmar

Business Entity Name

:

HI-LIFE CO LTD

Primary Business Activity

:

Trader

Primary Industry

:

Office Equip./Supplies & Stationery

 

Office Contact Details

Operating Address

:

179 Anawrahta Rd Corner of Shwe Taung Dan St Ward (6), Lanmadaw, Yangon

Tel

:

[+95] 1-224026

 

:

[+95] 1-216848

 

:

[+95] 1-215378

 

:

[+95] 1-211802

Mobile

:

[+95]-95006991

Email

:

hilife@myanmar.com

 

Primary Products

Products / Materials / Services Description

Activity

Stationery

Trading

 

SIC PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description

Code

Activity

Stationery & Office Supplies

5112

Trading

Stationery products

2678

Trading

 

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description

Code

Activity

Envelopes, postcards etc & boxes etc of stationery

4817

Trading

 

CORE BUSINESS DESCRIPTION

Core Business

The primary business focus of HI-LIFE CO LTD is Trading - Finished products.

Key product include :

Stationery

 

OFFICE & FACILITIES

Name

:

HI-LIFE CO LTD - LANMADAW, YANGON

Address

:

179 Anawrahta Rd Corner of Shwe Taung Dan St Ward (6), Lanmadaw, Yangon

Country

:

Myanmar

Status

:

Operational

NOTES & COMMENTS

 

N/a

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.44

UK Pound

1

Rs.81.33

Euro

1

Rs.70.50

 

 

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.