MIRA INFORM REPORT

 

 

Report Date :

07.08.2014

 

IDENTIFICATION DETAILS

 

Name :

MYINT MYAT THADAR TRADING CO., LTD.

 

 

Registered Office :

K-7, Shwe Pone Hnyent Yeik Mon St, 4th Qr, Kamayut Yangon,

 

 

Country :

Myanmar

 

 

Date of Incorporation :

14.09.2004

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Subject is engaged in general wholesale trade

[We tried to confirm / obtain the detailed activity but the same is not available from any sources]

 

 

No. of Employees

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

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 1, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

Myanmar

B2

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 


Company name

 

MYINT MYAT THADAR TRADING CO., LTD.

 

 

ADDRESSES

 

Main Address:                             K-7, Shwe Pone Hnyent Yeik Mon St, 4th Qr, Kamayut

Zip code/City:                              Yangon, Myanmar

Telephone:                                  +95 1 500024

 

WIN Worldbox No.:                      MM0000055016

 

 

Profile

 

Established:                                2004

Line of Business:                         Consumer goods wholesale

Industry Division:                         Wholesale trade

Industry-code (NACE):                 4690 Non-specialised wholesale trade

Banks:                                        Unknown.

Employees:                                 unknown

 

 

DIRECTORS/MANAGEMENT

 

Official Administration:

Director                                       Daw Kay Thi Tun Shein

Director                                       Daw Nang Om Ngin Khan

Director                                       U Hpone Chit

Director                                       U Sai Naw Kham

Director                                       U Win Myint

 

 

Management

 

Mr Daw Kay Thi Tun Shein and  Mr Daw Nang Om Ngin Kham are also the directors of the company Myint Myat Thadar Travels & Tours Co.,Ltd..


 

NEGATIVE INFORMATION

 

Public information:

-

 

SHARE & SHARE CAPITAL INFORMATIOn

 

State Register:                            852/04-05

Legal form:                                  Limited Liability Company

Incorporation date:                       14.09.2004

Balance sheet filing date:             -

Tax Contributor Number (CNPJ):   -

Legal status:                               active

Responsible Register:                  State Register of Myanmar

 

Entry          Deleted      Name

active                           Myint Myat Thadar Trading Co., Ltd.

 

Entry          Deleted      Legal domicile

active                           Yangon, Myanmar

 

Entry          Deleted      Address

active                           K-7, Shwe Pone Hnyent Yeik Mon St, 4th Qr, Kamayut, Yangon, Myanmar/MM

 

Entry          Deleted      Remarks

active                           Duration: The registration number is valid until 13/09/2012.

The validation is no longer active but this does not affect the normal operations of the company.

 

 

PAYMENT INFORMATION

 

Import and Export:

Import, Export

 

 

Payment history:

No payment history is available.

 

 

Owners/-s:

The name of the shareholders and the exact percentage were not disclosed.

As far as we could gather the members of management are also the shareholders but we were not able to verify with the official sources.

 

The company is related to:

Myint Myat Thadar Travels & Tours Co.,Ltd.

No.Kay-7, Shwe Pon Nynt Yeikmon, Bayint Naung Street,

(4) Ward, Kamayut,

Yangon, Myanmar

 

 

FINANCIAL INFORMATION

 

Financial information:

Private companies in Myanmar are not required to disclose financial statements.

 

 

FOREIGN EXCHANGE RATES

 

Exchange rate:

US$ 1,00  =  MMK 971                -  Official rate on 06.08.2014

 

 

ADDITIONAL INFORMATION

 

Main Activities:

The company is engaged in general wholesale trade.

 

Operations & branches:

At the address, K-7, Shwe Pone Hnyent Yeik Mon St, 4th Qr, Kamayut, Yangon, Myanmar, we find the company's head office.

 

 

NOTES & COMMENTS

 

We made every effort to contact the company through the phone number available in non-official databases which was not possible. The company's telephone number is unavailable and we couldn't find another number.

 

As we have no way of contacting the company, the details from this report come from official sources and various databases we can consult.

 

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.61.34

UK Pound

1

Rs.103.44

Euro

1

Rs.81.96

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

NIS

 

               

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.