MIRA INFORM REPORT

Report Date :

07.01.2014

IDENTIFICATION DETAILS

Name :	MYANMAR GOODWOOD TRADING CO. LTD.

Registered Office :	189/195 Pasodan Street, Room 4, 4th Floor Pansodan Tower Zip code/City: Kyauktada Township,, Yangon,

Country :	Myanmar

Date of Incorporation :	1993

Legal Form :	Private Limited Company

Line of Business :	Subject is engaged in the trade, including export, in wood and timber, such as teak logs, teak sawn timber, hardwood logs

No. of Employees :	20-34

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory
Payment Behaviour :	No complaints
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 – September 30, 2013

Country Name

Previous Rating

(30.06.2013)

Current Rating

(30.09.2013)

Myanmar

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

REGISTERED NAME & COMPANY SUMMARY

MYANMAR GOODWOOD TRADING CO. LTD.

ADDRESSES:

Main Address: 189/195 Pasodan Street, Room 4, 4th Floor Pansodan Tower

Zip code/City: Kyauktada Township,, Yangon, Myanmar

Telephone: +95 1 251516

E-mail: mgoodwood@gmail.com

WIN Worldbox No.: MM0000023129

Profile

Established: 1993

Line of Business: Wood/Timber

Industry Division: Manufacturing

Industry-code (NACE): 1610 Sawmilling and planing of wood

Banks: Not disclosed.

Employees: 20-34

CNPJ:

DIRECTORS/MANAGEMENT

Board of Directors:

General Manager Mohammad Jawar

NEGATIVE INFORMATION

Public information:

PAYMENT INFORMATION

Import and Export:

Payment history:

No payment record available.

GROUP STRUCTURE & AFFILIATED COMPANIES

Owners/-s:

Name(s) of the shareholder(s) are not yet available.

FINANCIAL INFORMATION

Financial information:

The company is not required to file accounts; upon direct approach it proved impossible to obtain financial details.

FOREIGN EXCHANGE RATES

Exchange rate:

US$ 1,00 = (currency) - Official rate on (actual date)

ADDITIONAL INFORMATION

Main Activities:

The company is engaged in the trade, including export, in wood and timber, such as teak logs, teak sawn timber, hardwood logs, etc. as well as agricultural products.

Operations & branches:

At the Room 4, 4th Floor, Pansodan Tower, 189/195 Pasodan Street, Kyauktada Township, Yangon we find the seat of operations.

Staff:

20-34

NOTES & COMMENTS

The name as suggested by you is not entirely correct.

We are still awaiting the full registration details; as soon as we have received these we will send you an update.

As per own request we have also sent an email to the company; should we receive additional, verifyable information, then we will send you an update.

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 importers from Myanmar.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.62.33
UK Pound	1	Rs.101.99
Euro	1	Rs.84.62

INFORMATION DETAILS

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.