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Report Date : |
19.02.2014 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
No.596/507/508 MogokeStreetm Industrial Zone (1), Dagon (south), |
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Country : |
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Year of Establishment : |
1994 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Subject is engaged in two main business manufacture and import of low
voltage & hi voltage electric accessories and lighting accessories. |
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No of Employees : |
250-399 |
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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
Myanmar |
B2 |
B2 |
|
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 |
KhinMaungNyunt
Trading Co. Ltd
Main
Address: No.596/507/508
MogokeStreetm Industrial Zone (1), Dagon (south)
Zip
code/City: Yangon,
Myanmar
Telephone: +95 1 538230
+95
1 513987
Fax: +95 1
539156
WIN
Worldbox No.: MM0000031996
Established: 1994
Line of
Business: Household
technology, Electro technology, Consumer goods wholesale
Industry
Division: Manufacturing,
Wholesale trade
Industry-code
(NACE): 2740 Manufacture
of electric lighting equipment
2790
Manufacture of other electrical equipment
4652
Wholesale of electronic and telecommunications equipment and parts
Banks: Not
disclosed.
Employees: 250-399
CNPJ: -
Official
Administration:
Director U
KhinMaungNyun
Director U NyiHtwe
Director U Tin
MaungNyunt
Director U Zaw Min
Director U Zaw Win
Public
information:
-
State
Register: 1657/99-00
Legal
form: Limited
Liability Company
Incorporation
date: 03.03.2000
Balance
sheet filing date: -
Tax
Contributor Number (CNPJ): -
Legal
status: active
Responsible
Register: State Register
of Myanmar
Entry Deleted Name
active KhinMaungNyunt
Trading Co. Ltd
Entry Deleted Legal domicile
active Yangon, Myanmar
Entry Deleted Address
active No.596/507/508
MogokeStreetm Industrial Zone (1), Dagon (south), Yangon, Myanmar/MM
Entry Deleted Remarks (original Language)
active Duration: The
validity of the registration ended on 30/09/2011.
Import and
Export:
Import,
Export
Payment
history:
No
payment history is available.
Owners/-s:
Class: unknown
Type: direct
Name: U
KhinMaungNyun
City/Country: Myanmar/MM
Class: unknown
Type: direct
Name: U NyiHtwe
City/Country: Myanmar/MM
Class: unknown
Type: direct
Name: U TinMaungNyunt
City/Country: Myanmar/MM
Class: unknown
Type: direct
Name: U Zaw Min
City/Country: Myanmar/MM
Class: unknown
Type: direct
Name: U Zaw Win
City/Country: Myanmar/MM
Financial
information:
Private companies in
Myanmar are not required to disclose financial statements. These have been
requested from the company but they have not been made available as the subject
regards this information as strictly confidential.
Exchange
rate:
US$
1,00 =
MMK 968.703
Main
Activities:
The company is engaged in two main
business manufacture and import of low voltage & hi voltage electric
accessories and lighting accessories.
Operations & branches:
At
the address, No.596/507/508 MogokeStreetm Industrial Zone (1),Dagon(south),
Yangon, Myanmar, we find the company's head office.
Other
Addresses:
No.
(43), ShweTharaphiYeikmon, BayintNaung Road, Kamayut Township, Yangon, Myanmar
Staff:
250-399
Company's
Background:
The
company was founded in 1994 and incorporated in 1999.
We
have contacted an employee who was not authorized to disclose any kind of
information unwilling to cooperate with the interview on grounds of
confidentiality.
Credit to the recommended limit
should be acceptable but should be monitored on a regular basis. However, it is
accepted practice to seek (bank) guarantees when dealing with Myanmar
importers.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 62.12 |
|
|
1 |
Rs. 103.93 |
|
Euro |
1 |
Rs. 85.16 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.