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Report Date : |
21.08.2014 |
IDENTIFICATION DETAILS
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Name : |
MYANMAR CHEMICAL MART CO., LTD. |
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Registered Office : |
58, |
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Country : |
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Date of Incorporation : |
07.10.2003 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
· Retail sale of cosmetic and toilet articles in specialised stores · Retail sale via stalls and markets of food, beverages and tobacco products |
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No. of Employees |
75 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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) |
|
|
B2 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
MYANMAR
CHEMICAL MART CO., LTD.
DBA:
MCM Co., Ltd.
Main Address: 58,
Zip code/City: 11221 Yangon,
Telephone: +95
01 242911
+95 01 254558
Fax: +95
01 394283
E-mail: mchemm@myanmar.com.mm
WIN Worldbox No.: MM0000032108
Established: 2003
Line of Business: Retail stores, Special retail
Industry Division: Retail trade
Industry-code (NACE): 4775 Retail sale of cosmetic
and toilet articles in specialised stores
4781
Retail sale via stalls and markets of food, beverages and tobacco products
Banks: Unknown.
Employees: 75
CNPJ: -
Official
Administration:
Director Daw
Khin Yadanar Hlaing
Director Daw
Kyu Kyiu Mar
Director Daw
San Thuzar Thein
Director Daw
Swe Swe Win
Director Daw
Yee Yee Myint
Director Mr
Khin Maung Win
Director U
Aung Aung Naing
Director U
Maung Maung Htwe
Director U
Myat Thu
Director U
Myint Thein
Director U
Soe Myint Oo
Director U
Thant Zin Soe
Director U
Thin Maung Myint
U
Myat Thu is also a director for the companies:
Asia
Royal Service Co Ltd
Public
information:
State Register: 427/03-04
Legal form: Company
limited by shares
Incorporation date: 07.10.2003
Balance sheet filing date: -
Tax Contributor Number (CNPJ): -
Legal status: active
Responsible Register: State Register of
Entry Deleted Name
active Myanmar Chemical Mart (MCM) Co., Ltd
Entry Deleted Legal domicile
active
Entry Deleted Address
active No.58,
Entry Deleted Remarks
active Duration: The official registry is valid
until 06/10/2014.
Note the normal operations of the
company are not affected if not renewed.
Import and
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.
Financial
information:
Private
companies in
Exchange
rate:
US$ 1,00
= MMK 956.101
Main
Activities:
The
company is engaged in retailing of food products, beauty products, fragrance
and perfume.
Operations
and Branches:
At
the address, 58,
The
company maintains its branches at:
3,
U Shwe Myue St, Ind. Zone (1), Hlaing
Thayar Tsp, Yangon, Myanmar.
Phone:
(01) 09-73114112,09-73114113
218,
Phone:
(01) 226646,09-73156128
Staff:
75
We
have contacted an employee who confirmed the information in this report was not
authorized to disclose any kind of information and advised to present the
subject matter via e-mail.
We
have been unable to establish a connection between the address provided and the
company. the correct address is given in this report.
The
company is going to be a exhibitor in the fair Foodtec Myanmar 2014 between 15
and 17 of October 2014.
We
sent a questionnaire to the email available requesting more information from
the company. If we receive a reply we will send an update.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.66 |
|
|
1 |
Rs.100.80 |
|
Euro |
1 |
Rs.80.72 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
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Report Prepared
by : |
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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 |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to
overcome financial difficulties seems comparatively below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.