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Report No. : |
301916 |
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Report Date : |
13.01.2015 |
IDENTIFICATION DETAILS
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Name : |
SHANG HAI CO., LTD. |
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Registered Office : |
Office no. 518, Merchant Street, Kyaunk
Tadar Township, Yangoon |
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Country : |
Myanmar |
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Date of Incorporation : |
11.02.2004 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Consumer Goods Wholesale |
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No. of Employee : |
1-9 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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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 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
SHANG HAI CO., LTD.
Company: Sanghai Co. Ltd.
Address: Office no. 518, Merchant Street,
Kyaunk Tadar Township, Yangoon
Country: Myanmar
Comments about your request:
The correct name and address of the subject
matter according to the official registry of Myanmar are provided in this
report.
We tried several times to get in touch with
subject matter, but nobody ever answered our calls.
Main Address: No.
518, Merchant Street, Kyauktatar
Zip code/City: Yangon,
Myanmar
Telephone: +95
1 221005
Established: 2004
Line of Business: Consumer goods wholesale
Industry Division: Wholesale trade
Industry-code (NACE): 4690 Non-specialized wholesale trade
Banks: Unknown.
Employees: 1-9
CNPJ: -
Board of Directors:
Manager U
Aung Kyi
Professional
address: Myanmar
Manager U
Aung Thein
Professional
address: Myanmar
Manager U
Min Silce Chan
Professional
address: Myanmar
Manager U
Soe Lwin
Professional
address: Myanmar
Manager U
Thaung Kyaw
Professional
address: Myanmar
Public information:
No legal information is available.
State Register: 1021/03-04
Legal form: Limited
Liability Company
Incorporation date: 11.02.2004
Balance sheet filing date: -
Tax Contributor Number (CNPJ): -
Legal status: active
Responsible Register: Registry of Myanmar
Entry Deleted Name
active Shang
Hai Co., Ltd.
Entry Deleted Legal domicile
active Yangon,
Myanmar
Entry Deleted Address
active No.
518, Merchant Street, Kyauktatar, Yangon, Myanmar/MM
Sanctions List
The company is not listed on the World
Compliance Database.
Import and Export:
Import, Export
Payment history:
No payment history is available.
Owners/-s:
Class: unknown
Type: direct
Name: U
Aung Kyi
City/Country: Myanmar/MM
Class: unknown
Type: direct
Name: U
Aung Thein
City/Country: Myanmar/MM
Class: unknown
Type: direct
Name: U
Min Silce Chan
City/Country: Myanmar/MM
Class: unknown
Type: direct
Name: U
Soe Lwin
City/Country: Myanmar/MM
Class: unknown
Type: direct
Name: U
Thaung Kyaw
City/Country: Myanmar/MM
The exact shareholding percentage was not
disclosed.
Financial information:
Private companies in Myanmar are not required
to disclose financial statements.
Exchange rate:
US$ 1,00
= 1.009,41 (MMK) - Official Rate
Main Activities:
The company is engaged in general wholesale
trade.
Operations & branches:
At the address, No. 518, Merchant Street,
Kyauktatar, Yangon, Myanmar, we find the company's head office.
Due to the limited
financial information 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.62.16 |
|
|
1 |
Rs.94.28 |
|
Euro |
1 |
Rs.73.73 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
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|
|
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.