MIRA INFORM REPORT

 

 

Report No. :

316714

Report Date :

18.04.2015

 

IDENTIFICATION DETAILS

 

Name :

ACRO COMPANY LIMITED

 

 

Registered Office :

86, 2nd Floor, 50th Street, 11171 Pazundaung Tsp., Yangon

 

 

Country :

Myanmar

 

 

Date of Incorporation :

27.01.2003

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Subject is engaged in manufacturing of pharmaceutical products and wholesale of medical disposables and pharmaceutical products.

 

 

No. of Employees :

80

 

 

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

 

ACRO COMPANY LIMITED

 

ALSO KNOWN AS: ACRO CO., LTD.

           

With regard to your request on:

 ACRO COMPANY LIMITED

Address:86,2/F, 50TH STREET,PAZUNDAUNG  TOWNSHIP YANGON MYANMAR

Country:Myanmar

 

Comments about your request:

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:   86, 2nd Floor, 50th Stret

Zip code/City:   11171 Pazundaung Tsp., Yangon, Myanmar

Telephone:        +95 01 298094

                        +95 01 291062

 

E-mail:  acro@myanmar.com.mm

WIN Worldbox No.:       MM0000059503

 

Profile

Established:                  2003

Line of Business:          Consumer goods wholesale, Pharmaceutics

Industry Division:          Wholesale trade, Manufacturing

Industry-code (NACE):   4646 Wholesale of pharmaceutical goods

                                    2110 Manufacture of basic pharmaceutical products

Banks:                          unknown

Employees:                  80

 

CNPJ:   -

 

 

DIRECTORS/MANAGEMENT

 

Official Administration:

Director            U Arnt Htoo Aung

Professional address: Myanmar

Director            U Than Tun Aung

Professional address: Myanmar

Director            U Aung Soe

Professional address: Myanmar

Director            U Aung Thuya

Professional address: Myanmar

Director            Daw Ohnmar

Professional address: Myanmar

 

 

NEGATIVE INFORMATION

 

Public information:

No legal information is available.

 

 

SHARE & SHARE CAPITAL INFORMATION

 

State Register:                                      717/2002-2003

Legal form:                                           Limited Liability Company

Incorporation date:                                27.01.2003

Balance sheet filing date:                       -

Tax Contributor Number (CNPJ):            -

Legal status:                                         active

Responsible Register:                           State Register of Myanmar

 

Entry    Deleted Name

active               Acro Company Limited

 

Entry    Deleted Legal domicile

active               Pazundaung Tsp., Myanmar

 

Entry    Deleted Address

active               6, 2nd Floor, 50th Stret, 11171 Pazundaung Tsp., Yangon, Myanmar/MM

 

 

Sanctions List

The company is not listed on the World Compliance Database.

 

 

PAYMENT INFORMATION

 

Import and Export:

-

 

Payment history:

No payment history is available.

 

Owners/-s:

Class:   20-29%

Type:    direct

Name:   U Than Tun Aung

City/Country:     Myanmar/MM

Interest:            26,67% voting right, 26,67% capital interest

 

Class:   20-29%

Type:    direct

Name:   U Arnt Htoo Aung

City/Country:     Myanmar/MM

Interest:            23,33% voting right, 23,33% capital interest

 

Class:   20-29%

Type:    direct

Name:   U Aung Thuya

City/Country:     Myanmar/MM

Interest:            23,33% voting right, 23,33% capital interest

 

Class:   20-29%

Type:    direct

Name:   Daw Ohnmar

City/Country:     Myanmar/MM

Interest:            23,33% voting right, 23,33% capital interest

 

Class:   0-9%

Type:    direct

Name:   U Aung Soe

City/Country:     Myanmar/MM

Interest:            3,33% voting right, 3,33% capital interest

 

 

FINANCIAL INFORMATION

 

Financial information:

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

 

 

FOREIGN EXCHANGE RATES

 

Exchange rate:

US$ 1,00  =  MMK 1,046.05       -  Official rate on 17.04.2015

 

 

ADDITIONAL INFORMATION

 

Main Activities:

The company is engaged in manufacturing of pharmaceutical products and wholesale of medical disposables and pharmaceutical products in Myanmar.

 

Operations and Branches:

At the address, 86, 2nd Floor, 50th Stret, Pazundaung Tsp., 11171, Yangon, Myanmar, We find office of the company.

 

Staff:

80

 

 

NOTES & COMMENTS

 

-------

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.62.35

UK Pound

1

Rs.93.10

Euro

1

Rs.67.13

 

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

TPT

 

               


 

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.