MIRA INFORM REPORT

 

 

Report No. :

328187

Report Date :

25.06.2015

 

IDENTIFICATION DETAILS

 

Name :

ZAW TUN FAMILY TRADING CO., LTD.

 

 

Registered Office :

No.143/145, 29th Street, Yangon Pabedan Township

 

 

Country :

Myanmar

 

 

Year of Establishment :

1990

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

  • Wholesale of other machinery and equipment
  • Other construction installation
  • Electrical installation

·         Transmission of electricity

 

 

No. of Employee :

10-19

 

 

RATING & COMMENTS

 

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

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

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

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

REGISTERED NAME & COMPANY SUMMARY

 

ZAW TUN FAMILY TRADING CO., LTD.

 

With regard to your request on:

Country Myanmar [ MM ]

Company Reg  

Company Name            Zaw Tun Family Trading Co Ltd

Address                        No 159/161, 29th Street Pabedan Tsp Yongan

Postcode                      0

 

Comments about your request:

 

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.

 

 

ADDRESSES

 

Main Address:               No.143/145, 29th Street

Zip code/City:               Yangon Pabedan Township, Myanmar

Telephone:                    +951 253 133

                                    +951 380 195

Fax:                              +951 386 963

 

Web site:                      http://www.zawtunfamilyelectrical.com/

E-mail:                          zawtunfamily2@gmail.com

WIN Worldbox No.:       MM0000066719

 

 

Profile

 

Established:                  1990

Line of Business:          Consumer goods wholesale, Building installation, Energy

Industry Division:          Wholesale trade, Services

Industry-code (NACE):   4669 Wholesale of other machinery and equipment

                                    4329 Other construction installation

                                    4321 Electrical installation

                                    3512 Transmission of electricity

Banks:                          unknown

Employees:                  10-19

 

CNPJ:   -

DIRECTORS/MANAGEMENT

 

Board of Directors:

Director            U Zaw Ko Latt

            Residential address: No.259/263, 3rd Floor, Anawyahtar Road, Ward No.7, Pabedan/Yangon, Myanmar

            Id: 12/PABATA(Pyu)000358

Chief Executive Officer  U Zaw Myint Oo

 

 

NEGATIVE INFORMATION

 

Public information:

No legal information is available.

 

 

SHARE & SHARE CAPITAL INFORMATION

 

State Register:  562/2011-2012

Legal form:       Limited Liability Company

Incorporation date:        01.06.2011

Balance sheet filing date:           -

Tax Contributor Number (CNPJ):            -

Legal status:     active

Responsible Register:   Registry of Myanamar

 

 

Entry    Deleted Name

active               Zaw Tun Family Trading Co., Ltd.

 

Entry    Deleted Legal domicile

active               Pabedan Township, Myanmar

 

Entry    Deleted Address

active               No.133/135, 1st Floor, Room No.3, 29th St, Ward No.7, Pabedan Township, Malaysia/MY

 

Sanctions List

 

The company is not listed on the WorldCompliance Database.

 

 

PAYMENT INFORMATION

 

Import and Export:

Import

Payment history:

No payment history is available.

 

Owners/-s:

Class:   50%

Type:    direct

Name:   U Zaw Ko Latt

City/Country:     No.259/263, 3rd Floor, Anawyahtar Road, Ward No.7, Pabedan/Yangon, Myanmar/MM

Interest:            50,00% voting right, 50,00% capital interest

 

Class:   50%

Type:    direct

Name:   U Zaw Myint Oo

City/Country:     No.133/135, 1st Floor, Room No.3, 29th St, Ward No.7, Pabedan/Yangon, Myanmar/MM

Interest:            50,00% voting right, 50,00% capital interest

 

 

FINANCIAL INFORMATION

 

Financial information:

Private companies in Myanmar are not required to disclose financial statements. Upon direct approach it was not possible to obtain further details.

 

 

FOREIGN EXCHANGE RATES

 

Exchange rate:

US$ 1,00  =  MMK 1,094.53       -  Official rate on 24.06.2015

 

 

ADDITIONAL INFORMATION

 

Main Activities:

The company is engaged in wholesale of 6KV/11KV and 33KV cables and wires, distribution and build various kinds of Substations, Overhead Transmission and Transmission Projects.

 

Installation and Building:

- 11KV Lines , 2 Pole Structures and lighting for various villages in Myanmar.

- 11KV Lines and 2 Pole Structures in Upper Myanmar regions.

- build Motor drives , Invertors and Control Panels for stone factories.

- 33/11KV Lines Substations for many kinds of Housings.

- 0.4KV Line structures.

- Capacitor Banks, useful in Transformers , Motors and Generators.

- Star-Delta and Direct On Line Motor starters , useful in ice-factories and rice-factories.

 

Products:

- ABC Cables and Accessories

- ACSR

- Bare Copper

- BCC Cables

- Breakers

- Cable Lugs

- Capacitor Bank

- Contactor

- Disc Insulator

- Drop Out Fuse

- Disconnecting Switch

- Earthing

- HT 33KV Pin Insulator

- LT 11KV Pin Insulator

- HT Cable

- Join Socket

- Lightning Arrestor

- LT Cables

- Metal Halide

- Substations

- Termination Kit

- Wires

 

The company imports from Indonesia, Malaysia, Thailand, Korea And China.

 

Operations & branches:

At the address, No.143/145, 29th Street, Pabedan Township, Yangon, we find the company's head office.

 

Other addresses:

No 159/161, Middle Block, 29th Street, Pabedan Township, Yangon.

 

Additional contacts:

Tel: +95 1 376337

Mobile: +95 9 5057051

Mobile: +95 9 5142934

 

Staff:

10-19

 

Company's Background:

The company is established since 1990. In 1995 the company started selling 6.6KV/11KV and 33KV Cables and Wires. In 2000, they start distributing substations for various villages in Myanmar and also built 33KV/11KV Power Lines with approve of Government until now.

 

According to the Official Registry of Myanmar the last registry renovation of the company was in June 1, 2011.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.63.66

UK Pound

1

Rs.100.50

Euro

1

Rs.71.31

 

INFORMATION DETAILS

 

Analysis Done by :

KAR

 

 

Report Prepared by :

ASH

 

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

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

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

 

--

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.