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Report No. : |
326963 |
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Report Date : |
20.06.2015 |
IDENTIFICATION DETAILS
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Name : |
EMERALD PALACE TRADING CO., LTD |
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Registered Office : |
170-176, Room No.710, 7th Floor, MGW Tower, Bo Aung Kyaw Street, 11161 Botahtaung, Yangon |
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Country : |
Myanmar |
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Date of Incorporation : |
17.01.2008 |
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Legal Form : |
Company Limited By Shares |
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Line of Business : |
Subject is engaged in providing Fish and Seafood Products. |
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No. of Employees : |
120 |
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) |
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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 |
EMERALD PALACE
TRADING CO., LTD
Comments about
your request:
Upon direct approach it was not possible to obtain further details.
We sent a questionnaire to the email available requesting more
information from the company but we did not receive a reply.
Main Address: 170-176,
Room No.710, 7th Floor, MGW Tower, Bo Aung Kyaw Street
Zip code/City: 11161
Botahtaung, Yangon, Myanmar
Telephone: +95 01 386448
+95
01 398003
E-mail: emeraldpt@myanmar.com.mm
WIN Worldbox No.: MM0000054161
Established: 2008
Line of Business: Consumer
goods wholesale, Provider of meal services
Industry Division: Wholesale
trade, Services
Industry-code (NACE): 4638
Wholesale of other food, including fish, crustaceans and molluscs
5629
Other food service activities
Banks: Unknown
Employees: 120
CNPJ: -
Board of
Directors:
Director Daw Yin Myo Han
Professional address: Myanmar
Chief Executive Officer Yin Min
Han
Public
information:
No legal information is available.
State Register: 1469/2007-2008
Legal form: Company
Limited By Shares
Incorporation date: 17.01.2008
Balance sheet filing date: -
Tax Contributor Number (CNPJ): -
Legal status: active
Responsible Register: Registry
of Myanamar
Entry Deleted Name
active Emerald
Palace Trading Co., Ltd
Entry Deleted Legal
domicile
active Mayangone,
Myanmar
Entry Deleted Address
active No.329,Aung
Theik Pan St, 2 Quarter, Mayangone, Yangon, Myanmar/MM
Sanctions List
The company is not listed on the WorldCompliance Database.
Import and Export:
-
Payment history:
No payment history is available.
Owners/-s:
Class: 50-100%
Type: direct
Name: Yin Min Han
City/Country: Myanmar/MM
Mr. Yin Min Han is a shareholder of the company. The names of other
shareholders and the exact shareholding percentage was not disclosed.
Financial
information:
Private companies in Myanmar are not required to disclose financial statements.
Upon direct approach it was not possible to obtain further details.
Exchange rate:
US$ 1,00
= MMK 1,087.75 -
Official rate on 19.06.2015
Main Activities:
Emerald Palace Trading Co., Ltd is engaged in providing Fish and Seafood
Products.
Operations and Branches:
At the address, 170-176, Room No.710, 7th Floor, MGW Tower, Bo Aung Kyaw
Street, Botahtaung Tsp, 11161, Yangon, Myanmar, we find office of the company.
Staff:
120
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FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.82 |
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|
1 |
Rs.101.26 |
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Euro |
1 |
Rs.72.36 |
INFORMATION DETAILS
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Analysis Done by
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KAR |
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Report Prepared
by : |
TPT |
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 |
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-- |
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.