MIRA INFORM REPORT

 

 

Report Date :

13.05.2013

 

IDENTIFICATION DETAILS

 

Name :

Liberty Group Trdaing Ltd

 

 

Registered Office :

Yuzana Mingalar City Housing - Bldg 37 Sabei St Bolein Aung Mingalar Ward, Tarmway Township, Yangon

 

 

Country :

Myanmar

 

 

Date of Incorporation :

26.05.1994

 

 

Legal Form :

Private Company with Limited Liability

 

 

Line of Business :

Trader of Medical Equipment and Pharmaceutical

 

 

No. of Employees :

87

 

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

:

LIBERTY GROUP TRADING LTD

Address

:

Yuzana Mingalar City Housing - Bldg 37 Sabei St Bolein Aung Mingalar Ward, Tarmway Township, Yangon

Country

:

Myanmar

Email

:

libertygroup@myanmar.com.mm

Primary Business Activity

:

Trader

Key Industry

:

Medical Equipment & Pharmaceutical

 

 

DIRECTORS/MANAGEMENT

 

KEY PERSON

 

Legal Title

:

Managing Director

Name

:

Mr. Sha Hed Uddin

Nationality

:

Myanmar

 

 

COMPANY DIRECTORS

 

1

 

 

Personal Unique Identifier

:

MI03430219

Name

:

Mr. Htay Win

Nationality

:

Myanmar

 

2

 

 

Personal Unique Identifier

:

MI03430222

Name

:

Mr. Khin Maung Htwe

Nationality

:

Myanmar

 

3

 

 

Personal Unique Identifier

:

MI02476152

Name

:

Mr. Sha Hed Uddin

Nationality

:

Myanmar

 

4

 

 

Personal Unique Identifier

:

MI03430224

Name

:

Mr. Ye Win

Nationality

:

Myanmar

 

5

 

 

Personal Unique Identifier

:

MI03430215

Name

:

Ms. Anzuman Arra

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 LIBERTY GROUP 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

 

Total number of shareholders

:

n/a

Total number of shares

:

n/a

 

Currency

:

MMK - Myanmar Kyat

 

No.

Shareholders

Country

Shares

Number

Amount (MMK)

%

1

Mr. Sha Hed Uddin

Myanmar

n/a

n/a

n/a

2

Undisclosed Shareholders

n/a

n/a

n/a

n/a

Total

n/a

n/a

n/a

 

Based on corporate statutory laws / regulations in Myanmar, there is no requirement for public disclosure of Shareholders. In this case, the Shareholders 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.

 

Note:
Based on corporate statutory laws for limited liability companies in Myanmar, such legal entities maintain the right to only disclose the key shareholder of the company, CONDITIONAL that person (shareholder) is ALSO nominated as the registered person responsible for the actions of the company. In this case, the person listed above, holds that position, and is also a key shareholder.


The remaining shareholders, which are classified under "Undisclosed Shareholders" are not legally required to be disclosed.

 

Capital

:

n/a(2)

 

 

Payment Information

 

DOMESTIC SALES & PURCHASES

Annual Sales Analysis

Percentage

Domestic Sales

90%

International Sales (Export)

10%

Annual Purchases Analysis

Percentage

Local Purchases

70%

Imports

30%

 

PAYMENT TERMS

Selling

Type

Terms

Local

Cash on delivery (COD)

Credit - Unsecured 30~120 days

Export

Letter of Credit (At-sight)

Telegraphic Transfer (T/T) - Received at time of transaction

Purchasing

Type

Terms

Local

Cash on delivery (COD)

Credit - Unsecured 30~120 days

Import

Letter of Credit (At-sight)

Telegraphic Transfer (T/T) - Executed at time of transaction

 

 

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

 

Today's Exchange rate

:

1.00 MMK
Myanmar Kyat

=

0.156006 USD
United States Dollars

 

 

Additional Information

 

Key Facts

 

Registered Legal Address

:

5Fl (Left) 15, 87th St, Mingalar Taung Nyunt, Yangon

Operational Address

:

Yuzana Mingalar City Housing - Bldg 37 Sabei St Bolein Aung Mingalar Ward, Tarmway Township, Yangon

Issuing Authority

:

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

License Number

:

184/1994-1995

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

:

26 May, 1994 (1)

Employees

:

87

 

Report Details

 

Country

:

Myanmar

Business Entity Name

:

LIBERTY GROUP TRADING LTD

Primary Business Activity

:

Trader

Primary Industry

:

Medical Equipment & Pharmaceutical

Office Contact Details

Operating Address

:

Yuzana Mingalar City Housing - Bldg 37 Sabei St Bolein Aung Mingalar Ward, Tarmway Township, Yangon

Mobile

:

[+95] 9-5001149 (*)

 

:

[+95] 9-2018652 (*)

 

:

[+95] 9-448001579 (*)

Email

:

libertygroup@myanmar.com.mm

 

Note (*):

There exists no known land telephone line that is being used by the Subject Business Entity (SBE) in connection to their business, which is uncommon in normal / regular businesses. The SBE ONLY operates using a Mobile phone as the primary point of contact.


In such scenarios, there is no ability to legally associate any relationship between the SBE and the person/s answering the mobile phone.


Caution is advised.

 

 

Primary Products

 

Products / Materials / Services Description

Activity

Capsule

Trading

Cefuroxime axetil

Trading

Dry powder

Trading

Dry syrup

Trading

Medical equipment

Trading

 

 

SIC PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description

Code

Activity

Drugs/Druggists' Sundries

5122

Trading

Medical/Dental Equip/Supplies

5047

Trading

Pharmaceutical preparations

2834

Trading

 

 

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description

Code

Activity

Medical, surgical, dental or vet inst, no elec, part

9018

Trading

Medicaments nesoi of mixtures, not dosage etc form

3003

Trading

Other drugs,nesoi

2934302700

Trading

Pharmaceutical goods (specified sterile prod etc.)

3006

Trading

Pharmaceutical products

3000

Trading

 

 

DETAILED PRODUCT CLASSIFICATION & ACTIVITY

Products / Materials / Services Description

Ranking

Activity

Parenterals

Primary

Trading

Pharmaceutical products

Primary

Trading

Tablet

Primary

Trading

 

 

CORE BUSINESS DESCRIPTION

Core Business

The primary business focus of LIBERTY GROUP TRADING LTD is Trading - Finished products.

Key products include :

Capsule

Cefuroxime axetil

Dry powder

Dry syrup

Medical equipment

Parenterals

Pharmaceutical products

Tablet

 

 

Supplementary Business

In addition to the core business, LIBERTY GROUP TRADING LTD also is engaged in the following areas of business:

Exporting

Exporting - Finished products

Importing

Importing - Finished products

 

 

INTERNATIONAL TRADE - Activity & Markets

 

Country / Region

Estimated level of importance

Trading Activity

Asia / Pacific

Medium

Importing, Exporting

China

Medium

Importing

India

Medium

Importing

Vietnam

Medium

Importing

 

 

OFFICE & FACILITIES

Name

:

LIBERTY GROUP TRADING LTD - TARMWAY TOWNSHIP, YANGON

Address

:

Yuzana Mingalar City Housing - Bldg 37 Sabei St Bolein Aung Mingalar Ward, Tarmway Township, Yangon

Country

:

Myanmar

Ownership of Property

:

Rented / Leased

Status

:

Operational

 

 

PREVIOUS CONTACT DETAILS

Company Address

:

30(C) Manawhari Rd, Dagon, Yangon

Phone Number

:

95-1-212600

Fax Number

:

95-1-296409

E-mail

:

jkyco@mptmail.net.mm

Date of Relocation

:

2012

 

Phone Number

:

95-9-5005956

 

Phone Number

:

95-1-215915

 

Phone Number

:

95-1-548834

 

Phone Number

:

95-1-203021

 

 

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.

 

(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.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.54

UK Pound

1

Rs.84.19

Euro

1

Rs.71.11

 

 

INFORMATION DETAILS

 

Report Prepared by :

NIT

 

 

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.