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Report No. : |
328186 |
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Report Date : |
25.06.2015 |
IDENTIFICATION DETAILS
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Name : |
JOYFUL PALACE COMPANY LIMITED |
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Registered Office : |
No.555, Room.7, Pyi Htaung Su Road, Mineyu 105 Mile Muse Tsp, Shan (North) |
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Country : |
Myanmar |
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Date of Incorporation : |
04.06.2013 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
The company is engaged in general wholesale trade. |
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No of Employees : |
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 Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
Joyful Palace Company Limited
DBA: Joyful Palace Co., Ltd.
With regard to your request on:
Country Myanmar [ MM ]
Company Reg
Company Name Joyful Palace Co Ltd
Address No 555 Room No 7, Ruyi Huang Su Road Mine fu 105
Mile Muse Tsp Northern Shan
Comments about your request:
We made every effort to contact the
company through the telephone number available but it goes unanswered.
No e-mail address was found for the
company.
The details from this report come
from official sources and various databases we can consult.
ADDRESSES:
Main Address: No.555,
Room.7, Pyi Htaung Su Road, Mineyu 105 Mile
Zip code/City: Muse
Tsp, Shan (North), Myanmar
Telephone: +95
1 398098
WIN Worldbox No.: MM0000066705
Profile
Established: 2013
Line of Business: Consumer
goods wholesale
Industry Division: Wholesale
trade
Industry-code (NACE): 4690 Non-specialised wholesale trade
Banks: unknown
Employees: unknown
CNPJ: -
Board of Directors:
Director U
Thet Htwe
Residential
address: No.101, Kyet Mauk Street, Ward. 14, Southokkalarpa/Yangon, Myanmar
Id:
8/TATAKA(NAING)188942
Director U
Khaing Linn
Residential
address: No.1164(A), Su Htoo Pan Street, Ward 70, Dagon(south)/Yangon, Myanmar
Id:
12/DAGATA(NAING)069169
Public information:
No legal information is available.
State
Register: 1054/2013-2014
Legal
form: Limited
Liability Company
Incorporation
date: 04.06.2013
Balance
sheet filing date: -
Tax
Contributor Number (CNPJ): -
Legal
status: active
Responsible
Register: Registry of
Myanamar
Entry Deleted Name
active Joyful Palace Company
Limited
Entry Deleted Legal domicile
active Muse Tsp, Myanmar
Entry Deleted Address
active No.555, Room.7, Pyi
Htaung Su Road, Mineyu 105 Mile, Muse Tsp, Shan (North), 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%
Type: direct
Name: U
Thet Htwe
City/Country: No.101,
Kyet Mauk Street, Ward 14, Southokkalarpa/Yangon, Myanmar/MM
Interest: 50,00%
voting right, 50,00% capital interest
Class: 50%
Type: direct
Name: U
Khaing Linn
City/Country: No.1164(A),
Su Htoo Pan Street, Ward 70, Dagon(south)/Yangon, Myanmar/MM
Interest: 50,00%
voting right, 50,00% capital interest
Financial information:
Private companies in Myanamar are
not required to disclose financial statements.
Exchange rate:
US$ 1,00
= MMK 1,094.53 -
Official rate on 24.06.2015
Main Activities:
The company is engaged in general
wholesale trade.
Operations & branches:
At the address, No.555, Room.7, Pyi
Htaung Su Road, Mineyu (105) Mile,, Muse, Shan (North), we find the company's
head office.
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs. 63.66 |
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|
1 |
Rs. 100.50 |
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Euro |
1 |
Rs. 71.31 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
DPT |
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.