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Report No. : |
304133 |
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Report Date : |
02.02.2015 |
IDENTIFICATION DETAILS
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Name : |
EAST
UNION WOODWORKING MACHINERY CO. LTD. |
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Registered Office : |
No 288/290 Room (905/906) Nwea Tower Shwedagon
Pagoda Road Dagon T/S Yangon |
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Country : |
Myanmar |
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Date of Incorporation : |
Not Available |
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Com. Reg. No.: |
Not Available |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Subject is engage in wholesale
of machinery and equipment for woodworking. |
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No. of Employee : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Payment Behaviour : |
Unknown |
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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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
Myanmar |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EU WOODWORKING MACHINERY CO LTD.
Address: No 288/290 Room (905/906) Nwea Tower Shwedagon Pagoda Road Dagon T/S
Yangon
Country:Myanmar
Phone: 95-01-204108
Comments about your request :
We have been unable to find the
company in the official registry of Myanmar, however the company is listed in
the yellow pages of Myanmar and other databases.
Nevertheless in the official
registry of Myanmar we found in the same address the following company:
Sweety Life International Co.,
Ltd.No.288/290,Room 906,MWEA Tower, Dagom Tow, Yangon Dagon, Yangon, Myanmar.
Unfortunately we have been unable
to establish a relation between the two companies.
Main
Address: No. 288/290,
Room (906), Shwedagon Pagoda Road, MWEA Tower, Dagon
Zip
code/City: Yangon,
Myanmar
Telephone: +95 1 375628
+95
1 204108
Fax: +95 1
532262
Web
site: http://www.eumachinery.com.mm
E-mail: eu.woodworking@gmail.com
WIN
Worldbox No.: MM0000056778
Line
of Business: Consumer
goods wholesale
Industry
Division: Wholesale
trade
Industry-code
(NACE): 4673 Wholesale of
wood, construction materials and sanitary equipment
4669
Wholesale of other machinery and equipment
Banks: Unknown.
Employees: unknown
CNPJ: -
Management
No
management members were disclosed for the subject matter.
Public
information:
No
legal information is available
Legal
form: Limited
Liability Company
Balance
sheet filing date: -
Tax
Contributor Number (CNPJ): -
Legal
status: active
Responsible
Register: Registry
of Myanmar
Entry Deleted Name
active East
Union Woodworking Machinery Co. Ltd.
Entry Deleted Legal domicile
active Yangon,
Myanmar
Entry Deleted Address
active 288/290,
Room (906), Shwedagon Pagoda Road, MWEA Tower, Dagon, Yangon, Myanmar/MM
Sanctions
List
The
company is not listed on the World Compliance Database.
Import and Export:
-
Payment history:
No
payment history is available.
Owners/-s:
The
name of the shareholders and the exact percentage were not disclosed.
Financial
information:
Private companies in Myanmar are not required to disclose financial statements.
Exchange rate:
US$ 1,00 = 1.011,20 (MMK) - Official rate on (19/01/2015)
ADDITIONAL INFORMATION
The company is engage in wholesale of machinery and equipment for woodworking.
Main Products:
Woodworking
Machine
Panel
Furniture Machine
Plywood
Machine
Embroidery
Machine
At
the address, 288/290, Room (906), Shwedagon Pagoda Road, MWEA Tower, Dagon,
Yangon, we find the company's head office.
No
(B), Room-003, Yuzana Hiway Complex, Kamayut Township, Yangon, Myanmar.
We
have been unable to obtain the full register details.
In
November 19, 2007 the company was listed in "Official Journal of the
European Union", "COMMISSION IMPLEMENTING REGULATION (EU) No 383/2011
of 18 April 2011", "amending Council Regulation (EC) No 194/2008
renewing and strengthening the restrictive measures in respect of
Burma/Myanmar".
The
company is also listed the Myanmar Business Link and Yellow Pages.
We
were not able to reach the person in charge that can provide us information.
We
sent a questionnaire to the email available requesting more information from
the company but we did not receive a reply.
Due
to the limited financial information and low capital we recommend caution. It
is accepted practice to seek (bank) guarantees when dealing with companies in
Myanmar.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.76 |
|
|
1 |
Rs.93.13 |
|
Euro |
1 |
Rs.70.03 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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|
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Report Prepared
by : |
ANK |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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.