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Report No. : |
330144 |
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Report Date : |
11.07.2015 |
IDENTIFICATION DETAILS
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Name : |
MYANMAR FRONTLINE CO,.LTD. |
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Registered Office : |
No. 63/65, 4th Floor Left,Baho Shan Street, Thirikhaymar Ward Sanchaung Township, Yangon |
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Country : |
Myanmar |
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Date of Incorporation : |
16.05.2012 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Subject is engaged in wholesale of animal
health products. |
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No. of Employee : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 : |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Myanmar |
B1 |
B1 |
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Risk Category |
ECGC
Classification |
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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 |
MYANMAR FRONTLINE CO,.LTD.
Comments about your request:
In the Trade Register the company is entered
with a typing error, namely as "Forntline".
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.
Main Address: No.
63/65, 4th Floor Left,Baho Shan Street, Thirikhaymar Ward
Zip code/City: Sanchaung
Township, Yangon, Myanmar
Telephone: +95
1 512867
E-mail: yelynnhtut23@gmail.com
WIN Worldbox No.: MM0000067883
Established: 2012
Line of Business: Consumer goods wholesale
Industry Division: Wholesale trade
Industry-code (NACE): 4646 Wholesale of pharmaceutical goods
Banks: unknown
Employees: unknown
---
Board of Directors:
Director Ye
Lynn Htut
Professional
address: Myanmar
Id:
12/SAKHANA(NAING)071068
Director Kyaw
Ye Htut
Professional
address: Myanmar
Id:
12/BAHANA(NAING)094577
Chief Executive Officer Min Ye Tin
Public information:
No legal information is available.
State Register: 524/2012-2013
Legal form: Limited
Liability Company
Incorporation date: 16.05.2012
Balance sheet filing date: -
Tax Contributor Number (CNPJ): -
Legal status: active
Responsible Register: State Register of Myanmar
Entry Deleted Name
active Myanmar
Forntline Co,.Ltd.
Entry Deleted Legal domicile
active Sanchaung
Township, Myanmar
Entry Deleted Address
active No.
63/65, 4th Floor Left,Baho Shan Street, Thirikhaymar Ward, Sanchaung Township,
Yangon, Myanmar/MM
Entry Deleted Remarks
active Note:
In the Trade Register the company is entered with a typing error, namely as
"Forntline"
Sanctions List
The company is not listed on the
WorldCompliance Database.
Import and Export:
--
Payment history:
No payment history is available.
Owners/-s:
Class: 40-49%
Type: direct
Name: Min
Ye Tin
City/Country: Myanmar/MM
Interest: 40,00%
voting right, 40,00% capital interest
Class: 30-39%
Type: direct
Name: e
Lynn Htut
City/Country: Myanmar/MM
Interest: 30,00%
voting right, 30,00% capital interest
Class: 30-39%
Type: direct
Name: Kyaw
Ye Htut
City/Country: Myanmar/MM
Interest: 30,00%
voting right, 30,00% capital interest
Financial information:
Private companies in Myanmar are not required
to disclose financial statements.
Exchange rate:
US$ 1,00 = MMK
1,111.03 - Official rate on 09.07.2015
Main Activities:
The company is engaged in wholesale of animal
health products.
The company is a member of Myanmar Livestock
Federation, a NGO in Livestock sector formed under the Section 26 of Myanmar
Company Act on 24th October, 1999.
Operations & branches:
At the address, No. 63/65, 4th Floor Left,Baho
Shan Street, Thirikhaymar Ward, Sanchaung Township, Yangon, we find the
company's head office.
Na
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.38 |
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|
1 |
Rs.97.65 |
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Euro |
1 |
Rs.70.43 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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Report Prepared
by : |
ANK |
RATING EXPLANATIONS
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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 |
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<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.