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Report Date : |
02.07.2014 |
IDENTIFICATION DETAILS
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Name : |
AUNG MYITAR CO., LTD. |
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Registered Office : |
45 Tharmeinbayan Rd., Tamway Towership, Yangon |
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Country : |
Myanmar |
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Date of Incorporation : |
20.10.1992 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesaler of Consumer Goods |
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No of Employees : |
1-9 |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Myanmar |
B2 |
B2 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
Aung Myitar Co., Ltd.
ADDRESSES:
Main
Address: 45
Tharmeinbayan Rd., Tamway Towership
Zip
code/City: Yangon,
Myanmar
Telephone: +95 1 545530
Fax: +95
1 545530
E-mail: mr-lin@myanmar.com.mm
Profile
Established: 1992
Line
of Business: Consumer
goods wholesale
Industry
Division: Wholesale
trade
Industry-code
(NACE): 4690
Non-specialised wholesale trade
Banks: Unknown.
Employees: 1-9
CNPJ: -
Official Administration:
Director Daw Aye
Director Daw Nu
Nu Lwin
Director Daw Phyu
Phyu
Director U Thein
Aung
Public information:
-
State
Register: 462/92-93
Legal
form: Limited
Liability Company
Incorporation
date: 20.10.1992
Balance
sheet filing date: -
Tax
Contributor Number (CNPJ): -
Legal
status: active
Responsible
Register: State Register
of Myanmar
Entry Deleted Name
active Aung Myitar Co., Ltd.
Entry Deleted Address
active 171/175, Bo Min Yaung
St., U Ohn Khine St. Mingalartaungnyunt,, Yangon, Myanmar/MM
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 may be also the shareholders of the company
but we were not able to verify the information with the official entities.
Financial information:
Private companies in
Myanmar are not required to disclose financial statements.
Exchange rate:
US$
1,00 =
MMK 957.865 - Official rate on 30.06.2014
Main Activities:
The company is engaged in wholesale trade.
Operations & branches:
At the address, 45 Tharmeinbayan Rd., Tamway Towership,
Yangon, Myanmar, we find the company's head office.
Staff:
1-9
Please note this report is for the company "Aung Myitar
Co., Ltd.".
Efforts to find the company under the name provide "Aung
Myttar Co Ltd" in the registry were unsuccessful. We were also not able to
find a company under the address "No 3 B Dhama Darana Streetnat Chaung
Ward Tamwe Township Yangon".
Through the phone number we were able to find in databases
and official registry the company "Aung Myitar Co., Ltd.". The
address is not the same and the e-mail address is slightly different from the
one provided.
We made every effort to contact the company through the
telephone numbers available but they go unanswered.
As we have no way of contacting the company, the details from
this report come from official sources and various databases we can consult.
We sent an questionnaire to the email available requesting from
the company more information but to date we did not received a reply.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 60.13 |
|
|
1 |
Rs. 102.83 |
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Euro |
1 |
Rs. 82.28 |
INFORMATION DETAILS
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Analysis Done by
: |
SUB |
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Report Prepared
by : |
DPT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
|
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.