MIRA INFORM REPORT

 

 

Report Date :

21.03.2013

 

IDENTIFICATION DETAILS

 

Name :

HTOO MAW CO LTD

 

 

Registered Office :

1Fl, 299-301 Pansoedan St Between Bogyoke Aung San Rd & Anawrahta Rd Upper Block Ward 4, Kyauktan

 

 

Country :

Myanmar

 

 

Date of Incorporation :

23.03.2004

 

 

Legal Form :

Company Limited

 

 

Line of Business :

Trader of Consumer products

 

 

No. of Employees :

15

 

 

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 :

Slow but correct

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

(31.03.2012)

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

 

Company Details

 

Organization Name

:

HTOO MAW CO LTD

Address

:

1Fl, 299-301 Pansoedan St Between Bogyoke Aung San Rd & Anawrahta Rd Upper Block Ward 4, Kyauktan, Yangon

Country

:

Myanmar

Phone (S)

:

[+95] 1-254708

Email

:

htoo.maw@mptmail.net.mm

Primary Business Activity

:

Trader  

 

 

Key Industry

:

Consumer Products

 

Key Facts

 

Registered Legal Address

:

1Fl, 299-301 Pansoedan St Between Bogyoke Aung San Rd & Anawrahta Rd Upper Block Ward 4, Kyauktan, Yangon

Operational Address

:

1Fl, 299-301 Pansoedan St Between Bogyoke Aung San Rd & Anawrahta Rd Upper Block Ward 4, Kyauktan, Yangon

Issuing Authority

:

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

License Number

:

1176/03-04

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

:

23 Mar, 2004 (1)

Employees

:

15

 

 

DIRECTORS/MANAGEMENT

 

COMPANY MANAGEMENT

Management Listings

 

Name

Nationality

Job Description

Dept. / Division

1

Mr. Khin Maung Myint

Myanmar

General Manager

-

2

Mr. Ko Toe Wai Phyo

Myanmar

Representative

-

Management Details - 1

Personal Unique Identifier

:

MI03400829

Name

:

Mr. Khin Maung Myint

 

Management Details - 2

Personal Unique Identifier

:

MI03400830

Name

:

Mr. Ko Toe Wai Phyo

 

COMPANY DIRECTORS

1

 

 

Personal Unique Identifier

:

MI03400413

Name

:

Mr. Kyaw Kyaw Sein

Nationality

:

Myanmar

 

2

 

 

Personal Unique Identifier

:

MI03400414

Name

:

Mr. Mg Mg Htay

Nationality

:

Myanmar

 

3

 

 

Personal Unique Identifier

:

MI03400406

Name

:

Ms. Aye Aye Maw

Nationality

:

Myanmar

 

4

 

 

Personal Unique Identifier

:

MI03400411

Name

:

Ms. Nan Yadanar Win

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 HTOO MAW 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.

 

Capital

:

n/a(2)

 

PAYMENT INFORMATION

 

Supplementary Business

In addition to the core business, HTOO MAW CO LTD also is engaged in the following areas of business:

  1. Exporting
    • Exporting - Finished products
  2. Importing
    • Importing - Finished products
  3. Service
    • Specialized professional services, including:
      • Hotel operation

 

 

DOMESTIC SALES & PURCHASES

Annual Sales Analysis

Percentage

Domestic Sales

80%

International Sales (Export)

20%

Annual Purchases Analysis

Percentage

Local Purchases

60%

Imports

40%

 

 

PAYMENT TERMS

Selling

Type

Terms

Local

Cash on delivery (COD)

Credit - Unsecured 30~60 days

Export

Letter of Credit (At-sight)

Documents against Acceptance (D/A)

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

 

INTERNATIONAL TRADE - Activity & Markets

 

Country / Region

Estimated level of importance

Trading Activity

Asia / Pacific

Medium

Importing, Exporting

 

 

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

 

Issuing Authority

:

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

License Number

:

1176/03-04

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

:

23 Mar, 2004 (1)

Employees

:

15

 

Report Details

 

Country

:

Myanmar

Business Entity Name

:

HTOO MAW CO LTD

Primary Business Activity

:

Trader

Primary Industry

:

Consumer Products

Office Contact Details

Operating Address

:

1Fl, 299-301 Pansoedan St Between Bogyoke Aung San Rd & Anawrahta Rd Upper Block Ward 4, Kyauktan, Yangon

Tel

:

[+95] 1-254708

 

:

[+95] 1-254709

 

:

[+95] 1-250279

Email

:

htoo.maw@mptmail.net.mm

 

 

Primary Products

Products / Materials / Services Description

Activity

Beans

Trading

Car wheels

Trading

Pulses

Trading

Tubes

Trading

Tyres

Trading

 

SIC PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description

Code

Activity

Grain & Field Beans

5153

Trading

Hotels & Other Lodging Places

7000

Service

Motor vehicle parts and accessories, nspf

3714

Trading

Tires & Tubes

5014

Trading

Tires and inner tubes

3011

Trading

 

 

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description

Code

Activity

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

9900

Service

Hotels and motels

9942

Service

Parts & access for motor vehicles (head 8701-8705

8708

Trading

Wheels for vehicles

8708708010

Trading

 

 

DETAILED PRODUCT CLASSIFICATION & ACTIVITY

Products / Materials / Services Description

Ranking

Activity

Hotel operation

Secondary

Service

 

 

CORE BUSINESS DESCRIPTION

 

Core Business

 

The primary business focus of HTOO MAW CO LTD is Trading - Finished products.

Key products include:

  • Beans
  • Car wheels
  • Pulses
  • Tubes
  • Tyres

 

BANK DETAILS

Bank Name

:

KANBAWZA BANK (KBZ)

Global Identifier

:

P0367946

Branch

:

Kamayut,Yangon

Branch Address

:

KANBAWZA BANK LTD - KYAUKTADA TOWNSHIP, YANGON

SWIFT Code

:

This bank does not have a SWIFT Code

OFFICE & FACILITIES

Name

:

HTOO MAW CO LTD - KYAUKTAN, YANGON

Address

:

1Fl, 299-301 Pansoedan St Between Bogyoke Aung San Rd & Anawrahta Rd Upper Block Ward 4, Kyauktan, Yangon

Country

:

Myanmar

Ownership of Property

:

Rented / Leased

Status

:

Operational

 

 

NOTES & COMMENTS

 

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.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.37

UK Pound

1

Rs.82.07

Euro

1

Rs.70.03

 

 

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.