MIRA INFORM REPORT

 

 

Report No. :

317561

Report Date :

21.04.2015

 

IDENTIFICATION DETAILS

 

Name :

UNITED CAN FACTORY CO., LTD.

 

 

Registered Office :

No.216/222,  Bo Myat Tun Housing,  Mahabandoola Road, Pazundaung Tsp, Yangon

 

 

Country :

Myanmar

 

 

Date of Establishment :

10.07.1998

 

 

Legal Form :

Company limited by shares

 

 

Line of Business :

The company is engaged in manufacture and distribution of cans, packaging solutions business activities and also wholesale of machinery.

 

 

No. of Employees :

260

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

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

 

United Can Factory Co., Ltd.

DBA: UCF Co., Ltd.

 

With regard to your request on:

Company                      :  UNITED CAN FACTORY CO. LTD.

Address                        :  No. 216/222, #D2, Bo Myat Tun Housing, Mahabandola Road (Corner of 49th Street), 

                                        Pazundaung Township, Yangon, Myanmar.

Country                         :  Myanmar

Phone                           :  95-1-201534

Fax                               :  95-1-299722

 

 

Comments about your request:

 

We have contacted a representative 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 receive a reply.

 

ADDRESSES:

Main Address:               No.216/222, Bo Myat Tun Housing, Mahabandoola Road

Zip code/City:               Pazundaung Tsp, Yangon, Myanmar

Telephone:                    +95 01 201534

                                    +95 01 291395

 

E-mail:                          cf.can@mptmail.net.mm

WIN Worldbox No.:       MM0000031234

 

Profile

Established:                  1998

Line of Business:          Consumer goods wholesale, Consumer goods manufacturing

Industry Division:          Wholesale trade, Manufacturing

 

Industry-code (NACE):   4676 Wholesale of other intermediate products

                                    3299 Other manufacturing n.e.c.

                                    4669 Wholesale of other machinery and equipment

Banks:                          unknown

Employees:                  260

 

CNPJ:                           -

 

 

DIRECTORS/MANAGEMENT

 

Official Administration:

Director            U Anthony Joseph

            Professional address: Myanmar

Director            U Aung Moe

            Professional address: Myanmar

Director            U Aye Han

            Professional address: Myanmar

Director            U Eng Chaung

            Professional address: Myanmar

Director            U Hoon Oo

            Professional address: Myanmar

Director            Daw Khin Aye Aye Naing

            Professional address: Myanmar

Director            U Khwe Ni

            Professional address: Myanmar

Director            U Ko Ko Gyi

            Professional address: Myanmar

Director            U Min Aung

            Professional address: Myanmar

Director            U Myint Maung Maung

            Professional address: Myanmar

Director            U Myint Win Naing

            Professional address: Myanmar

Director            U Sein Toe

            Professional address: Myanmar

Director            U Su Wai

            Professional address: Myanmar

Director            U Thein Win

            Professional address: Myanmar

 

Director            U Thomas

            Professional address: Myanmar

Director            U Tun Linn

            Professional address: Myanmar

 

 

NEGATIVE INFORMATION

 

Public information:

No legal information is available.

 

 

SHARE & SHARE CAPITAL INFORMATION

 

State Register:                                      391/1998-1999

Legal form:                                           Company limited by shares

Incorporation date:                                10.07.1998

Balance sheet filing date:                       -

Tax Contributor Number (CNPJ):            -

Legal status:                                         active

Responsible Register:                           State Register of Myanmar

 

Entry    Deleted Name

active               United Can Factory Co., Ltd.

 

Entry    Deleted Legal domicile

active               Pazundaung Tsp, Myanmar

 

Entry    Deleted Address

active               No.216/222, Bo Myat Tun Housing, Mahabandoola Road, Pazundaung Tsp, Myanmar/MM

 

Sanctions List

The company is not listed on the WorldCompliance Database.

 

 

PAYMENT INFORMATION

 

Import and Export:

-

 

Payment history:

No payment history is available.

 

Owners/-s:

The name of all the shareholders and the exact percentage were not disclosed.

 

As far as we could gather members of management are also the shareholders but we were not able to verify with the official sources.

 

 

FINANCIAL INFORMATION

 

Financial information:

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

FOREIGN EXCHANGE RATES

 

 

Exchange rate:

 

US$ 1,00  =  MMK 1,050.30       -  Official rate on 20.04.2015

ADDITIONAL INFORMATION


Main Activities:

 

The company is engaged in manufacture and distribution of cans, packaging solutions business activities and also wholesale of machinery.

 

 

Operations and Branches:

At the address, 2No.216/222, Bo Myat Tun Housing, Mahabandoola Road, Pazundaung Tsp, Yangon, Myanmar, we find office of the company.

 

Staff:

260

 

 

NOTES & COMMENTS

 

Na

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.62.56

UK Pound

1

Rs.93.56

Euro

1

Rs.67.49

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

VNT

 

               

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.