MIRA INFORM REPORT

 

 

Report No. :

347628

Report Date :

07.11.2015

 

IDENTIFICATION DETAILS

 

Name :

ALPHA POWER ENGINEERING COMPANY LIMITED

 

 

Registered Office :

No.16,Yoedayar Street, Ward No. 5, 9th Mile, Mayangone Township, Yangon

 

 

Country :

Myanmar

 

 

Date of Incorporation :

21.01.2010

 

 

Com. Reg. No.:

1533/2009-2010

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Subject is engaged in design, supply and installation of substation equipment and transmission line materials

 

 

No. of Employee :

230

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

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

 

ALPHA POWER ENGINEERING COMPANY LIMITED

 

Comments about your request:

We were not able to reach the person in charge that can provide us information. We will send an update if we are able to contact them.

 

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.16,Yoedayar Street, Ward No. 5, 9th Mile

Zip code/City:   Mayangone Township, Yangon, Myanmar

Telephone:        +95 01 664727

                        +95 01 665203

Fax:                  +95 01 665203

Mobile:             +95 9 73029789

 

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

E-mail:              contact@alphapowerengineering.com

WIN

Worldbox No.:  MM0000041227

 

 

Profile

 

Established:                  2010

Line of Business:          Building installation, Consumer goods wholesale

Industry Division:          Services, Wholesale trade

Industry-code (NACE):   4321 Electrical installation

                                    4643 Wholesale of electrical household appliances

Banks:  unknown

Employees:                  230

CNPJ:                           -

 

 

DIRECTORS/MANAGEMENT

 

Board of Directors:

Director            U Lin Htet Aung

                        Professional address: Myanmar

                        Id: 12/TAMANA(NAING)096732

 

Director            U Aung Htet Win

                        Professional address: Myanmar

                        Id: 1/MAKATA(NAING)072758

 

Director            U Aung Khaing Htwe

                        Professional address: Myanmar

                        Id: 12/DAGANA(NAING)001854

 

Director            Daw May May San

                        Professional address: Myanmar

                        Id: 12/DAGANA(NAING)018532

 

Director            U Myo Myint Tun

                        Professional address: Myanmar

                        Id: 12/MAGATA(NAING)000166

 

Chief Executive Officer  U Thet San

 

 

NEGATIVE INFORMATION

 

Public information:

No legal information is available.

 

SHARE & SHARE CAPITAL INFORMATION

State Register:              1533/2009-2010

Legal form:                   Limited Liability Company

Incorporation date:        21.01.2010

Balance sheet

filing date:                    -

Tax Contributor Number (CNPJ):            -

Legal status:     active

Responsible Register:   State Register of Myanmar

 

Entry                Deleted Name

active               Alpha Power Engineering Company Limited

 

Entry                Deleted Legal domicile

active               Mayangone Township, Myanmar

 

Entry                Deleted Address

active               No.16,Yoedayar Street, Ward No. 5, 9th Mile, Mayangone Township, Yangon, Myanmar/MM

 

Sanctions List

The company is not listed on the WorldCompliance Database.

PAYMENT INFORMATION

 

Import and Export:        --

Payment history:           No payment history is available.

 

Owners/-s:

Class:               10-19%

Name:               U Lin Htet Aung

City/Country:     Myanmar/MM

No. of shares:   50

Interest:            16,66% voting right, 16,66% capital interest

 

Class:               10-19%

Name:               U Aung Htet Win

City/Country:     Myanmar/MM

No. of shares:   50

Interest:            16,66% voting right, 16,66% capital interest

 

Class:               10-19%

Name:               U Aung Khaing Htwe

City/Country:     Myanmar/MM

No. of shares:   50

Interest:            16,66% voting right, 16,66% capital interest

 

Class:               10-19%

Name:               Daw May May San

City/Country:     Myanmar/MM

No. of shares:   50

Interest:            16,66% voting right, 16,66% capital interest

 

Class:               10-19%

Name:               U Myo Myint Tun

City/Country:     Myanmar/MM

No. of shares:   50

Interest:            16,66% voting right, 16,66% capital interest

 

Class:               10-19%

Name:               U Thet San

City/Country:     Myanmar/MM

No. of shares:   50

Interest:            16,66% voting right, 16,66% capital interest

 

 

FINANCIAL INFORMATION

 

Financial information:

Private companies in Myanmar are not required to disclose financial statements.

FOREIGN EXCHANGE RATES

Exchange rate:

US$ 1,00  =  1,255.15  (MMK)                            -  Official rate on (05/11/2015)

 

 

ADDITIONAL INFORMATION

 

Main Activities:

The company is engaged in design, supply and installation of substation equipment and transmission line materials up to 245kV in Myanmar.

 

Main services:

- Electrical Projects

- Design and Cost Estimation for all voltage classes

- Substation Installation (Up to 245 kV)

- Electrical installation for housing, Buildings, etc.

- 11kV VCB panels

- Maintenance services

- Consultancy Services

- Bus Duct System

- CCTV and Home Video Door Phone

- Solar Power Systems

- Building Construction Green Materials

- Supply of Substation Equipment up to 245kV (Gas circuit breakers, Disconnecting Switches, Current Transformers, Voltage - - Transformers, Lightning Arresters, Power Transformers)

- Supply of Line Materials up to 245kV ACSR, AAC , HDBC, Earthwire Disc Insulators, Pin Insulators (NGK, Dalian Brands) Tension, Suspension clamps & Fittings

 

Operations and Branches:

At the address, No. 16, Yoedayar Street, Ward 5, 9th Mile, Mayangone Township, Yangon, Myanmar, we find the company's head office.

 

Nay Pyi Taw Showroom

Address: No. (274-A/B), 22nd Street, Paung Laung (2) Ward, Pyinmanar Township, Naypyi Taw.

TEL : +95 67 25178, +95 9 49251131

 

Additional contacts:

Tel: +95 1 660828

Email: sales@alphapowerengineering.com

Staff:  230

 

NOTES & COMMENTS

 

N/a

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.65.79

UK Pound

1

Rs.99.95

Euro

1

Rs.71.55

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

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.