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Report No. : |
328338 |
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Report Date : |
29.06.2015 |
IDENTIFICATION DETAILS
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Name : |
INTERNATIONAL BEVERAGES TRADING COMPANY
LIMITED |
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Registered Office : |
No. 33, Pyay Road, 6 1/2 miles, 11 Quarter, Hlaing Township, Yangon |
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Country : |
Myanmar |
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Year of establishment : |
1995 |
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Legal Form : |
Company Limited by Shares |
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Line of Business : |
Subject is engaged in manufacturer, marketer and distributor of
alcoholic beverages |
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No. of Employee : |
2,500 |
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 |
INTERNATIONAL
BEVERAGES TRADING COMPANY LIMITED
DBA: IBTC
With regard
to your request on:
INTERNATIONAL BEVERAGES TRADING CO LTD
Address NO.
R-18/S-19, SITTAUNG STREET YANGON, UNION OF MYANMAR PYINYAWADDY AVENUE, YANKIN
TOWNSHIP
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.
Main Address: No.
33, Pyay Road, 6 1/2 miles, 11 Quarter
Zip code/City: Hlaing Township, Yangon, Myanmar
Telephone: +95
1 654938
+95
1 654948
Fax: +95
1 534986
Web site: http://www.ibtcgroup.com
E-mail: enquiries@ibtcgroup.com
WIN Worldbox No.: MM0000023186
Established: 1995
Line of Business: Consumer goods wholesale
Industry Division: Wholesale trade
Industry-code (NACE): 4634 Wholesale of beverages
Banks: unknown
Employees: 2,500
CNPJ: -
Board of
Directors:
Director Lwin
Aung Aye
Professional
address: Myanmar
Id: 12/Ma Ga Da(NAING)022563
Director Aung
Moe Kyaw
Professional
address: Myanmar
Born:
1964
Id:
12/MAYAKA(NAING)106397
Director Moe
Than Chit
Professional
address: Myanmar
Id:
12/YAKANA(NAING)024840
Official
Administration:
Chairman Aung
Moe Kyaw
Professional
address: Myanmar
Born:
1964
Id:
12/MAYAKA(NAING)106397
Mr. Aung Moe Kyaw is also a director of Cycle
and Carriage Automobile Company Ltd. and APB Alliance Brewery Company Ltd.
In 1991, Aung Moe Kyaw joined PepsiCo Myanmar
as manufacturing manager, where he was instrumental in setting up and managing
PepsiCo’s manufacturing facilities. He subsequently worked his way up to become
the deputy managing director of MGS Beverages Co., Ltd.
In 1997, Aung Moe Kyaw left PepsiCo Myanmar
and became an entrepreneur when he founded IBTC with four friends to
manufacture and distribute alcoholic beverages in Myanmar.
Public
information:
No legal actions could be obtained during
investigation.
State Register: 81/2010-2011
Legal form: Company
limited by shares
Incorporation date: 26.04.2010
Balance sheet filing date: -
Tax Contributor Number (CNPJ): -
Legal status: active
Responsible Register: State Register of Myanmar
Entry Deleted Name
active International
Beverages Trading Company Limited
Entry Deleted Legal
domicile
active Hlaing
Township, Myanmar
Entry Deleted Address
active No.33,
6 1/2 Miles, Pyay Road, 11 Quarter, Hlaing Township, Yangon, Myanmar/MM
Sanctions
List
The company is not listed on the
WorldCompliance database.
Owners/-s:
Class: unknown
Type: direct
Name: Macondray
Corporation Pte Ltd
City/Country: Singapore/SG
Class: unknown
Type: direct,
Group-Level 1
Name: Tanyaung
International Co., Ltd.
City/Country: South
Okkalapa Tsp/Yangon, Myanmar/MM
Class: unknown
Type: direct
Name: Aung Moe Kyaw
City/Country: Myanmar/MM
The name of other shareholders and the exact
percentage were not disclosed.
Import
and Export:
Import, Export
Related company:
Myanmar Distillery Company (MDC)
No. 33, Pyay Road, 6 1/2 miles, (11) Quarter,
Hlaing Township, Yangon, Union of Myanmar
Tel: +95-1-654938 to 654948
Fax: +95-1-534986
Email : enquiries@ibtcgroup.com
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 1,096.04 -
Official rate on 25.06.2015
Main
Activities:
The company is engaged in manufacturer,
marketer and distributor of alcoholic beverages.
The company distribution network serves more
than 20,000 outlets in Myanmar.
Brands sale, marketing and trading:
- Grand Royal Whisky
- Grand Royal Smooth Whisky
- Grand Royal Signature Whisky
- Grand Royal Special Reserve Whisky
- Eagle Whisky
- Royal Dry Gin
- Golden Island Rum
- Jazz Wine Cooler
- Grand Royal Premium Drinking Water
IBTC has entered into a partnership with
U.S.-based Alliance 1 and also with Heineken. For the automotive market the company
is working through distributor-ships with Mercedes and Mazda and partnership
with Jardine Cycle and Carriage Limited.
Operation and Branches:
At the address, No. 33, Pyay Road, 6 1/2
miles, 11 Quarter, Hlaing Township, Yangon, Myanmar, we find the company's head
office.
Other Addresses:
- No. R-18, S-19, Sittaung Street,
Pyinnyawaddy Avenue,Yankin Township Yangon, Myanmar
- 66, Yaw Min Gyi U Pho Hlaing St., Ind. Zone
(1), Hlaing Thayar Tsp. Yangon
Phone: +95 1 684312
Phone: +95 1 684313
Email: ibtcygn@mptmail.net.mm
- Bldg. 90-D, Bayint Naung Warehouse, Gantgaw
2nd St, Mayangone Tsp, Yangon, Myanmar.
Phone: +95 1 686100
Phone: +95 1 683214
- B-1, 18/19, Sittaung St, West of Sedona
Hotel, Yankin Tsp, Yangon, Myanmar.
Phone: +95 1 559658
Phone: +95 1 559872
Email: ibtc@mptmail.net.mm
- 103, Kyauk Kha Mi St, Zay Kyo San Tan Ward,
Mawlamyaing, Myanmar.
- Ma-431 (D), Mingalar Lane (B), Mingalar Oo
Qtr, Taunggyi, Myanmar.
- 95 (A), Maizanyantar Rd, 3(B)Quarter, South
Okkalapa Township. Yangon Myanmar
- 148/7/D, Mya Wut Yee St., A-1 Compound,
Ward (5), MYGN, Myanmar
- 18, Pyay Rd. Mayangon Tsp Yangon, Myanmar
Quality certification: ISO 9001 (since 2008)
Staff:
2,500
Company's
Background:
International Beverages Trading Company Limited
was established in 1995 with just 50 employees ad has launched its first brands
such as Grand Royal Whisky and Royal Dry Gin.
The company was founded between Tanyaung
International Company Limited Myanmar and Macondray Corporation Private Limited
of Singapore.
In 1997, the Hlegu Distillery was opened to
increase the production and expansion of bottling capacity. In 2002, ITBC
introduced Eagle Whisky and Grand Royal Special Reserve Whisky to the local
market. In 2003 Shwe Pyi Thar factory 1 was set up to expand blending and
bottling capacity. Some products went through a relaunching process such as
Special Reserve Whisky, Eagle Whisky, Hero Whisky and Golden Island whisky.
In 2010 IBTC launched the Jazz wine cooler
and the New Mandalay distillery commenced operations.
International Beverages Trading Company
Limited (IBTC) now has over 80% share of the Myanmar whisky market. The IBTC
Group has an annual turnover of US$ 100 millions.
In May 2013, Alliance Brewery Ltd. signed a
joint venture agreement with Heineken beverages in the local market.
In mid-2013, IBTC joined hands with
Singapore-based Jardine Cycle & Carriage (JC&C) to launch showroom and
service centers as Daimler AG, the manufacturer of Mercedes-Benz cars and Fuso
trucks, and appointed JC&C as their authorized distributor and service
provider in Myanmar, as the company's strategy changes from beverage to
trading.
The company won the Best Brand Award in the
ASEAN Region for their Premium Whiskey brand.
News
"Big player enters Myanmar's beer market
Dutch brewing giant Heineken has entered into
a joint venture with privately owned Alliance Brewery Company to brew and
distribute Heineken beer in Myanmar.
Heineken will own 57 percent of the newly
formed APB Alliance Brewery Company Limited, through its subsidiary Asia
Pacific Breweries Limited, the company said in a statement on May 13.
“This is a truly exciting business
opportunity that expands further our exposure to high growth markets. There is a
growing recognition of the positive progress that Myanmar is making in terms of
its political and social reforms,” said Heineken CEO and chairman of the
executive board Jean-François van Boxmeer.
The company plans to build a brewery near
Yangon, but did not give a specific location. The US$60 million facility is
expected to be operational by the end of 2014 according to the company, and
will create around 400 jobs.
Alliance Brewery Company is majority-owned by
U Aung Moe Kyaw, who owns spirits maker International Beverages Trading
Company, which produces the popular Grand Royal Whisky and Royal Dry Gin among
others. The Yangon-based company says it controls about 80pc of Myanmar’s
whiskey market and serves more than 20,000 outlets.
The new venture with Heineken is U Aung Moe
Kyaw’s first beer project.
Asia Pacific Breweries was a joint venture
between Heineken and Fraser & Neave until September 2012, when Heineken
bought out the Singaporean company for US$4.6 billion.
Heineken’s announcement follows the return to
Myanmar of Danish firm Carlsberg, the world’s fourth largest brewing company,
which on February 1 unveiled its plans to build a brewery in Bago Region with
Myanmar Golden Star (MGS) Breweries. Carlsberg left Myanmar in 1996 under
pressure from activists over the human rights conditions in the country."
In Myanmar Times, May 14, 2013
"International
Beverages Trading Company Ltd.
Higher Standards & Better People Building
Better Brands
Undergoing a process of democratic and market
reforms, Myanmar is proving increasingly attractive to international investors
and business groups. For those looking to invest in Myanmar, joining in
partnership with a market-proven local company is the key to success.
Founded in 1997, The International Beverages
Trading Company Ltd. (IBTC) has gone on to establish a diversified mix of
businesses – from retail market distribution through to manufacturing. “Our
core business is our distillery, which produces a variety of high-quality
liquors and alcoholic beverages,” says Group Chairman and founder of the
company, U Aung Moe Kyaw. Today, the
company holds the title of market leader in Myanmar and has received promising
awards for its quality, such as the Best Brand Award in the ASEAN Region for
their Premium Whiskey brand.
The quality, as well as quantity, of consumer
goods available in Myanmar is on the rise. As IBTC invests more in Myanmar they
see a growing number of international brands in stores, and international
business groups active across Myanmar’s growing market economy. Greater
investment and a larger number of businesses results into greater competition.
IBTC wants to let Myanmar grow in a proper and sustainable way. U Aung Moe Kyaw
explains: “together with local and international players we can achieve this.
We believe that Myanmar society will benefit as a result of welcoming
international brands. In addition, we are keen to take our company to the next
level, reaching out beyond Myanmar’s borders to export “Made in Myanmar”
products to markets regionally and around the world.”
Investing in Myanmar today and for the future
U Aung Myo Kyaw continues: “To do so, we’re
putting greater amounts of capital to work by investing in automation and
facilities and joining with international investors.” IBTC has entered into a
partnership with U.S.-based Alliance 1 and also with worldwide known brand
Heineken.
Furthermore, IBTC is venturing in other
sectors as well. “For the automotive market we are working through
distributorships with Mercedes and Mazda and partnership with Jardine Cycle and
Carriage Limited It’s a market we believe holds great promise,” says U Aung Myo
Kyaw.
At IBTC, they pride themselves on being good
corporate citizens. IBTC goes under the motto that better standards and better
people build better brands, and better brands help build a better way of life.
U Aung Myo Kyaw says: “We are keen to work with international company of the
same mind and spirit, open-minded business partners with the technology,
know-how and international standards that can help our company and Myanmar in
reaching higher levels and help us promote the “Made in Myanmar” brand
internationally.” IBTC is the local partner of choice for companies coming into
Myanmar because they have the local knowledge and know how to work on an international
level. “We offer the 1+1 = 3 partnership and I want to show to the
international community not only who IBTC is, but who Myanmar is and what it
has to offer,” U Aung Myo Kyaw adds."
In US-Television March 31, 2015
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.60 |
|
|
1 |
Rs.100.09 |
|
Euro |
1 |
Rs.71.23 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
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|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.