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Report No. : |
302351 |
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Report Date : |
19.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
ROYAL
KING STAR CO., LTD. |
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|
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Registered Office : |
No. 74, First Floor, Shwebonthar Street, Pabedan Yangon, |
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|
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Country : |
Myanmar |
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Date of Incorporation : |
18.01.2010 |
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|
Legal Form : |
Limited Liability Company |
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|
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Line of Business : |
Wholesale of perfume and cosmetics |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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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 |
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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 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
ROYAL KING STAR CO., LTD.
Main
Address: No.
74, First Floor, Shwebonthar Street, Pabedan
Zip
code/City: Yangon,
Myanmar
Telephone: +95 1 243603
+95
1 370877
WIN
Worldbox No.: MM0000056313
Established: 2010
Line
of Business: Consumer
goods wholesale
Industry
Division: Wholesale
trade
Industry-code
(NACE): 4645 Wholesale of
perfume and cosmetics
Banks: Unknown.
Employees: unknown
CNPJ: -
Official Administration:
President U Aung That
Maung
Professional
address: Myanmar
President Daw Yaw Tin
Professional
address: Myanmar
Director Daw Ngwe
Shue Que
Professional
address: Myanmar
Director Daw Yi Yi
Win
Professional
address: Myanmar
Public information:
No legal information is available.
State
Register: 1517/09-10
Legal
form: Limited
Liability Company
Incorporation
date: 18.01.2010
Balance
sheet filing date: -
Tax
Contributor Number (CNPJ): -
Legal
status: active
Responsible
Register: Registry of
Myanmar
Entry Deleted Name
active Royal
King Star Co., Ltd.
Entry Deleted Legal domicile
active Yangon,
Myanmar
Entry Deleted Address
active No.
74, First Floor, Shwebonthar Street, Pabedan, 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:
The name of the shareholders and
the exact percentage were not disclosed. As far as we could gather the members of
management are also the shareholders but we were not able to verify with the
official sources.
Financial
information:
Private companies in Myanmar are
not required to disclose financial statements.
Exchange
rate:
US$
1,00 =
1.010,40 (MMK) -
Official rate on
Main Activities:
The company is engage in wholesale
of perfume and cosmetics.
Operations & branches:
At the address, No. 74, First
Floor, Shwebonthar Street, Pabedan, Yangon, we find the company's head office.
Company's Background:
We have been unable to obtain the
full register details.
We were not able to reach the
person in charge that can provide us information.
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.61.89 |
|
|
1 |
Rs.93.92 |
|
Euro |
1 |
Rs.72.01 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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|
|
|
Report Prepared
by : |
NIS |
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 |
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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 |
|
|
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 |
-- |
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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.