|
Report Date : |
12.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
ROYAL
DISTRIBUTION CO., LTD. |
|
|
|
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Head Office : |
21/A, Aung Zeya Lane, Corner Of University Avenue Road, Shwe Taung Gyar, Ward 1, Bahan, Yangon |
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|
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Country : |
Myanmar |
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|
|
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Date of Incorporation : |
01.01.2007 |
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|
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Com. Reg. No.: |
Not Available |
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|
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Legal Form : |
Limited Liability
Company |
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Line of Business : |
wholesaler of Pharmaceutical Goods |
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|
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No of Employees : |
01 to 09 (Approximately) |
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 |
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Status : |
Moderate |
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|
|
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Payment Behaviour : |
Unknown |
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|
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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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
Royal Distribution Co., Ltd.
DBA: RDCL
ADDRESSES:
Main Address: 21/A, Aung Zeya
Lane, Corner of University Avenue road, ShweTaungGyar ward 1, Bahan
Zip code/City: Yangon, Myanmar
Telephone: +951 1 525 169
+951 1 525 018
Mobile: +95 99
031225
Profile
Established: 2007
Line of Business: Consumer goods wholesale
Industry Division: Wholesale trade
Industry-code (NACE): 4690 Non-specialised wholesale
trade
4646 Wholesale of pharmaceutical
goods
Banks: Unknown.
Employees: 01 to 09
(Approximately)
CNPJ: -
Chief Executive
Officer Rao B.S.
Legal form: Limited
Liability Company
Incorporation date: 01.01.2007
Balance sheet filing date: -
Tax Contributor Number
(CNPJ): -
Legal status: active
Responsible Register: Registry of Myanmar
Entry Deleted Name
active Royal Distribution
Co., Ltd.
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 Mr Rao B.S. maybe also the
shareholder of the company but we were not able to confirm this information.
Exchange
rate:
US$ 1,00 = MMK
952.985 - Official rate on 11.06.2014
Main
Activities:
The company is engaged in
wholesale of pharmaceutical goods.
Operations & branches:
At the address, 21/A, Aung Zeya Lane, Corner of University Avenue road,
ShweTaungGyar ward 1, Bahan, Yangon, Myanmar we find the company's head office.
Staff:
01 to 09 (Approximately)
Company's
Background:
We have been unable to
obtain when the full register details.
We made every effort to contact the company through the phone numbers available which was not possible. The company's telephone number rings but goes unanswered.
We were not able to establish a connection between the address provided "9/111 Moe Ma Kha Street, Bo Cho(2), Qtrtamwe Towership Yongon Myanmar" and the company. The address we found for the company is given in this report.
The company was recently part of a conference "Myanmar Phar-Med Expo 2014" in Mynamar conducted by the company and others namely Rose & Sons Co., Ltd., Zeya & Associates and Advanced Diagnostics.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.33 |
|
UK Pound |
1 |
Rs.99.42 |
|
Euro |
1 |
Rs.80.32 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
MNL |
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.