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Report No. : |
327878 |
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Report Date : |
24.06.2015 |
IDENTIFICATION DETAILS
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Name : |
EAGER COMMUNICATIONS GROUP COMPANY LIMITED |
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Registered Office : |
5th Floor, Building C6,Mindhama Housing, Mindama Road Mayangone Township, Yangon |
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Country : |
Myanmar |
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Date of Incorporation : |
15.05.2014 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Subject is engaged in implement fiber optic duct network, wholesale
cable and bandwidth services to new and existing Telecom Operators and
Internet Service Providers (ISP). |
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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 – 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 |
Eager
Communications Group Company Limited
With regard to
your request on:
Company Name EAGER COMMUNICATIONS
Address B16/Room
202 Shwe Gabar Housingmindama Road Mayangone TOwnshipyangon
Comments about
your request:
The company's website is not working.
The main address of the subject is provided in this report.
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: 5th
Floor, Building C6,Mindhama Housing, Mindama Road
Zip code/City: Mayangone
Township, Yangon, Myanmar
Telephone: +95
1656593
Mobile: +95
95500044
Web site: http://eager.com.mm
E-mail: ctech1@eager.com.mm
WIN Worldbox No.: MM0000066586
Established: 2011
Line of Business: Telecommunication
Industry Division: Services
Industry-code (NACE): 6120
Wireless telecommunications activities
Banks: unknown
Employees: unknown
CNPJ: -
Board of
Directors:
Director U
Kan Aung
Residential address: Building
(T), Room (5), Shwe Ponnyat Street, Ward No.4, Kamayut/Yangon, Myanmar
Id: 10/MADANA(NAING)012512
Director U
Sein Aung
Residential address: No.208(Ground
Floor), Seikkan Thar Street, Ward No.7, Kyauktatar/Yangon, Myanmar
Id: 12/LAMATA(NAING)015622
Director U
Eaikdi Hla
Residential address: No.13,
Parami Street,(Lawkanut Housing ), Ward No.12, Hlaing/Yangon, Myanmar
Id: 12/MAYAKA(NAING)036021
Director U
Khin Maung Tint
Residential address: No.20/22(2nd Floor), Room (3-B), Myaung Mya Street,
Kyun Taw Middle Ward, Hlaing/Yangon, Myanmar
Id: 2/LAKANA(NAING)008185
Director U
Htay Win
Residential address: Building (G),
Room (501), Ahnawyahtar Housing Street, Ward No.2, Kamayut/Yangon, Myanmar
Id: 12/AHSANA(NAING)019096
Public
information:
No legal information is available.
State Register: 710-2014-2015710/2014-2015
Legal form: Limited
Liability Company
Incorporation date: 15.05.2014
Balance sheet filing date: -
Tax Contributor Number (CNPJ): -
Legal status: active
Responsible Register: Registry
of Myanamar
Entry Deleted Name
active Eager Communications
Group Company Limited
Entry Deleted Legal
domicile
active Insein
Township, Myanmar
Entry Deleted Address
active No.25, Airport
Avenue Lane, Insein Township, Yangon, Myanmar/MM
Sanctions List
The company is not listed on the WorldCompliance Database.
Class: 20-29%
Type: direct
Name: U Kan Aung
City/Country: Building (T),
Room (5), Shwe Ponnyat Street, Ward No.4, Kamayut/Yangon, Myanmar/MM
Interest: 20,00% voting
right, 20,00% capital interest
Class: 20-29%
Type: direct
Name: U
Sein Aung
City/Country: No.208(Ground
Floor), Seikkan Thar Street, Ward No.7, Kyauktatar/Yangon, Myanmar/MM
Interest: 20,00% voting
right, 20,00% capital interest
Class: 20-29%
Type: direct
Name: U
Eaikdi Hla
City/Country: No.13, Parami
Street,(Lawkanut Housing ), Ward No.12, Hlaing/Yangon, Myanmar/MM
Interest: 20,00% voting
right, 20,00% capital interest
Class: 20-29%
Type: direct
Name: U Htay Win
City/Country: Building (G),
Room (501), Ahnawyahtar Housing Street, Ward No.2, Kamayut/Yangon, Myanmar/MM
Interest: 20,00% voting
right, 20,00% capital interest
Class: 20-29%
Type: direct
Name: U Khin Maung
Tint
City/Country: No.20/22(2nd Floor),
Room (3-B), Myaung Mya Street, Kyun Taw Middle Ward, Sanchaung/Yangon,
Myanmar/MM
Interest: 20,00% voting
right, 20,00% capital interest
Import and Export:
-
Payment history:
No payment history is available.
--
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 1,089.78 - Official rate on
23.06.2015
Main Activities:
The company is engaged in implement fiber optic duct network, wholesale
cable and bandwidth services to new and existing Telecom Operators and Internet
Service Providers (ISP).
The company aims to implement FOD/C projects in rural areas.
Operations & branches:
At the address, 5th Floor, Building C6, Mindhama Housing, Mindama Road,
Mayangone Township, Yangon, we find the company's head office.
Other addresses:
- (B/16),Room(202), Shwe Gabar Housing, Mindama Road, Mayangone
Township, Yangon, Myanmar.
- Tower (A), Room (603), MindamaCondo, Mayangon Township, Yangon
Company's
Background:
The company has been established since 2011, however the first registry
entry was made in 2014.
The company was granted a licence for Network Facilities Service (Class)
and an Application Services Licence from January 30, 2015 until January 29,
2030.
Network Facilities Service (Class): Tower, Masts, Ducts, Trenches, Dark
Fiber Services.
Application Services Licence: Public payphone services, Internet
services provider services, Public access center services, Private line voice
and/or data services, Value added services.
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.64 |
|
|
1 |
Rs.100.41 |
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Euro |
1 |
Rs.71.63 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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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 |
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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.