MIRA INFORM REPORT

 

 

Report No. :

314989

Report Date :

08.04.2015

 

IDENTIFICATION DETAILS

 

Name :

GAURAV INTERNATIONAL TRADING CO.,LTD.

 

 

Registered Office :

910/F La Pyayt Wun Plaza, Dragon Township, Yangon - 011191

 

 

Country :

Myanmar

 

 

Year of Establishment :

2008

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Subject is engaged in import, export, supply and trader of Steel Products

 

 

No. of Employee :

50

 

 

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

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

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 31, 2014

 

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

Myanmar

B1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

 

 


REGISTERED NAME & COMPANY SUMMARY

 

GAURAV INTERNATIONAL TRADING CO.,LTD.

 

With regard to your request on:

GAURAV INTERNATIONAL LIMITED

 

Address:  910/F LA PYAYT WUN PLAZA, DRAGON TOWNSHIP, Yangon - 011191, Myanmar

Country:  Myanmar

Phone:  95-9-5129740

Fax :  95-1-393448

 

Comments about your request:

We were not able to reach the person in charge that can provide us information.

We have contacted an employee who was not authorized to disclose any kind of information and advised to present the subject matter via e-mail.

 

We sent a questionnaire to the email available requesting more information from the company but we did not received a reply.

 

 

ADDRESSES

 

Main Address:   910/F La Pyayt Wun Plaza

Zip code/City:   011191 Dragon Township, Yangon, Myanmar

Fax:                  +95 1 393448

Mobile: +95 9 5129740

Web site:          http://www.gauravinternationaltrading.com/

E-mail:  babinesh@gmail.com

WIN Worldbox No.:       MM0000063484

 

 

Profile

Established:      2008

Line of Business:          Consumer goods wholesale

Industry Division:          Wholesale trade

Industry-code (NACE):   4672 Wholesale of metals and metal ores

4690 Non-specialised wholesale trade

Banks:  unknown

Employees:      50

 

CNPJ:   -

 

 

DIRECTORS/MANAGEMENT

 

Board of Directors:

Manager           Dinesh Joshi

            Professional address: Myanmar

 

NEGATIVE INFORMATION

 

Public information:

No legal information is available.

 

 

SHARE & SHARE CAPITAL INFORMATION

 

Legal form:       Limited Liability Company

Incorporation date:        01.01.2008

Balance sheet filing date:           -

Tax Contributor Number (CNPJ):            -

Legal status:     active

Responsible Register:   Registry of Myanmar

 

Entry    Deleted Name

active               Gaurav International Trading Co.,Ltd.

 

Entry    Deleted Legal domicile

active               Dragon Township, Myanmar

 

Entry    Deleted Address

active               910/F La Pyayt Wun Plaza, 011191 Dragon Township, Yangon, Myanmar/MM

 

 

Sanctions List

The company is not listed on the World Compliance Database.

 

 

PAYMENT INFORMATION

 

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.

 

 

FINANCIAL INFORMATION

 

Financial information:

Private companies in Myanmar are not required to disclose financial statements.

 

 

FOREIGN EXCHANGE RATES

 

Exchange rate:

US$ 1,00  =  MMK 994.167        -  Official rate on 07.04.2015

 

 

ADDITIONAL INFORMATION

 

Main Activities:

The company is engaged in import, export, supply and trader of Steel Products like Galvanized Plain Sheet in coils, Pre-painted Galvanized Plain Steel Sheet in Coils, Wire Rods, Steel Scrap, Deformed Bar,Steel Deformed Bar, Billets, Bitumen, Export of Pulses and Beans, Processed Beans. The subject also exports pulses, beans, and processed beans of different varieties.

 

The company exports to Vietnam, Singapore, India, China, Pakistan, and Dubai.

 

Operations & branches:

At the address, 910/F La Pyayt Wun Plaza, Dragon Township, Yangon, we find the company's head office.

 

Staff:

50

 

Company's Background:

We have been unable to obtain the full register details of the subject.

 

 

NOTES & COMMENTS

 

N/a

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.62.33

UK Pound

1

Rs.92.83

Euro

1

Rs.68.08

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

ASH

 

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.