MIRA INFORM REPORT

 

 

Report No. :

336624

Report Date :

17.08.2015

 

IDENTIFICATION DETAILS

 

Name :

KO MAUNG MAUNG & BROTHERS LEATHER PRODUCTION COMPANY LIMITED

 

 

Registered Office :

No.5 Ywar Ma Kyaung Street No 1 Quarter Hlaing Township, Yangon

 

 

Country :

Myanmar

 

 

Date of Incorporation :

12.01.2009

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Subject is engaged in manufacture of carpets, canvas, mats, linoleum, synthetic leather.

 

 

No. of Employees :

Not Available

 

 

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 – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

Myanmar

B1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

 

COMPANY NAME & COMPANY SUMMARY

 

Ko Maung Maung & Brothers Leather Production Company Limited

 

 

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 receive a reply.

 

 

ADDRESSES

 

Main Address:               No. 5, Ywar Ma Kyaung Street, No. 1 Quarter

Zip code/City:               Hlaing Township, Yangon, Myanmar

Telephone:                    +951 512585

Fax:                              +951 539674

Mobile:                         +951 95198450

 

E-mail:                          kmmblp@mptmail.net.mm

WIN Worldbox No.:       MM0000070342

 

Profile

Established:                  2009

Line of Business:          Clothing/Shoes, Textiles/flooring

Industry Division:          Manufacturing

Industry-code (NACE):   1411 Manufacture of leather clothes

                                    1393 Manufacture of carpets and rugs

Banks:                          unknown

Employees:                  unknown

 

CNPJ:                           -

 

 

DIRECTORS/MANAGEMENT

Board of Directors:

Director                        U Kyaw Min Oo

                        Professional address: Myanmar

                        Id: 12/OUKAMA(NAING)000427

Director                        Daw Sein

                        Professional address: Myanmar

                        Id: 12/OUKAMA(NAING)124273

Director                        U Aye Su

                        Professional address: Myanmar

                        Id: 12/OUKAMA(NAING)124812

Director                        U Chaung Su

                        Professional address: Myanmar

                        Id: 12/OUKAMA(NAING)124026

Director                        U Htein Su

                        Professional address: Myanmar

                        Id: 12/LAMANA(NAING)111651

Director                        U Myaing Su

                        Professional address: Myanmar

                        Id: 12/OUKAMA(AEI)000190

Director                        U We Su

                        Professional address: Myanmar

                        Id: 12/OUKAMA(NAING)149171

Director                        U Hla Win

                        Professional address: Myanmar

                        Id: 12/LAMANA(NAING)100107

 

 

Official Administration:

Director                        U Kyin Su

                        Professional address: Myanmar

                        Id: 12/OUKAMA(NAING)149173

 

 

NEGATIVE INFORMATION

 

Public information:

No legal information is available.

 

 

SHARE & SHARE CAPITAL INFORMATION

 

State Register:                                      1322/2008-2009

Legal form:                                           Limited Liability Company

Incorporation date:                                12.01.2009

Balance sheet filing date:                       -

Tax Contributor Number (CNPJ):            -

Legal status:                                         active

Responsible Register:                           State Register of Myanmar

           

Entry    Deleted     Name

active                   Ko Maung Maung & Brothers Leather Production Company Limited

 

Entry    Deleted     Legal domicile

active                   Hlaing Township, Myanmar

 

Entry    Deleted     Address

Active                   No-11/2, Between(15thx16th) Street, Block No(61), Pyi Lone Chan Thar Ward, ,     

                              Chanayetharzan, Chan Aye Thar Zan Township, Mandalay, 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:

Class:                           10-19%

Name:                           U Aye Su

City/Country:                 Myanmar/MM

Interest:                        12,00% voting right, 12,00% capital interest

 

Class:                           10-19%

Name:                           U Chaung Su

City/Country:                 Myanmar/MM

Interest:                        12,00% voting right, 12,00% capital interest

 

Class:                           10-19%

Name:                           U Htein Su

City/Country:                 Myanmar/MM

Interest:                        12,00% voting right, 12,00% capital interest

 

Class:                           10-19%

Name:                           U Kyin Su

City/Country:                 Myanmar/MM

Interest:                        12,00% voting right, 12,00% capital interest

 

Class:                           10-19%

Name:                           U Myaing Su

City/Country:                 Myanmar/MM

Interest:                        12,00% voting right, 12,00% capital interest

 

Class:                           10-19%

Name:                           U Hla Win

City/Country:                 Myanmar/MM

Interest:                        12,00% voting right, 12,00% capital interest

 

Class:                           10-19%

Name:                           U We Su

City/Country:                 Myanmar/MM

Interest:                        10,66% voting right, 10,66% capital interest

 

Class:                           0-9%

Name:                           U Kyaw Min Oo

City/Country:                 Myanmar/MM

Interest:                        9,33% voting right, 9,33% capital interest

 

Class:                           0-9%

Name:                           Daw Sein

City/Country:                 Myanmar/MM

Interest:                        8,00% voting right, 8,00% capital interest

 

 

FINANCIAL INFORMATION

 

Financial information:

Private companies in Myanamar are not required to disclose financial statements. Upon direct approach it was not possible to obtain further details.

 

 

FOREIGN EXCHANGE RATES

 

Exchange rate:

US$ 1,00  =  MMK 1,227.95       -  Official rate on 14.08.2015

 

 

ADDITIONAL INFORMATION

 

Main Activities:

The company is engaged in manufacture of carpets, canvas, mats, linoleum, synthetic leather.

 

Operations & branches:

At the address, No. 5, Ywar Ma Kyaung Street, No. 1 Quarter, Hlaing Township, we find the company's head office.

 

 

NOTES & COMMENTS

 

N/a


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.65.12

UK Pound

1

Rs.101.62

Euro

1

Rs.72.56

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

TRU

 

               

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.