MIRA INFORM REPORT

 

 

Report No. :

347627

Report Date :

07.11.2015

 

IDENTIFICATION DETAILS

 

Name :

MYA KAN ENGINEERING COMPANY LIMITED

 

 

Registered Office :

No 57/A, Thar Yar Shwe Pyi Street, Ward No. 16 Yankin, Yangon

 

 

Country :

Myanmar

 

 

Date of Incorporation :

2011

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Wholesale of other machinery and equipment.

 

 

No. of Employee :

Not Available

 

 

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

 

MYA KAN ENGINEERING COMPANY LIMITED

 

 

COMMENTS ABOUT YOUR REQUEST

 

We have been unable to connect the address given in the order with the subject matter. The registered addresses are given 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.

 

 

ADDRESSES

 

Main Address:               No 57/A, Thar Yar Shwe Pyi Street, Ward No. 16

Zip code/City:               Yankin, Yangon, Myanmar

Telephone:                    +95 1 401121

                                    +95 5 112772

Mobile:                         +95 9 7321 6766

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

E-mail:                          md@myakanengg.com

WIN Worldbox No.:       MM0000077337

 

 

Profile

 

Established:                              2011

Line of Business:                      Consumer goods wholesale

Industry Division:                      Wholesale trade

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

Banks:                                      Unknown

Employees:                              Unknown

CNPJ:                                       --

 

 

DIRECTORS/MANAGEMENT

 

Board of Directors:

Director            Daw Aye Nandar

            Professional address: Myanmar

            Id: 12/YAKANA(NAING)000393

Director            U Than Htay Zaw

            Professional address: Myanmar

            Id: 9/NYAOUNA(NAING)036576

Director            U Ohn Kyaw

            Professional address: Myanmar

            Id: 12/TAMANA(NAING)022348

Chief Executive Officer  U Win Oo

 

 

NEGATIVE INFORMATION

 

Public information:

 

No legal information is available.

 

 

SHARE & SHARE CAPITAL INFORMATION

 

State Register:                                      2279/2011-2012

Legal form:                                           Limited Liability Company

Incorporation date:                                14.10.2011

Balance sheet filing date:                       --

Tax Contributor Number (CNPJ):            --

Legal status:                                         active

Responsible Register:                           State Register of Myanmar

 

Entry    Deleted Name

active               Mya Kan Engineering Company Limited

 

Entry    Deleted Legal domicile

active               Yankin, Myanmar

 

Entry    Deleted Address

active               No 57/A, Thar Yar Shwe Pyi Street, Ward No. 16, Yankin, Ưangon, Myanmar/MM

 

 

Sanctions List

 

The company is not listed on the WorldCompliance Database.

 

Owners/-s

 

Class:   unknown

Name:   Daw Aye Nandar

City/Country:     Myanmar/MM

 

Class:   unknown

Name:   U Than Htay Zaw

City/Country:     Myanmar/MM

 

Class:   unknown

Name:   U Ohn Kyaw

City/Country:     Myanmar/MM

 

Class:   unknown

Name:   U Win Oo

City/Country:     Myanmar/MM

 

The exact shareholding percentage was not disclosed.

 

 

PAYMENT INFORMATION

 

Import and Export:

-

 

 

Payment history:

No payment history is available.

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

---

 

 

FINANCIAL INFORMATION

 

Financial information:

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

We have been unable to reach the person in charge and request more details.

 

 

FOREIGN EXCHANGE RATES

 

Exchange rate:

US$ 1,00  = 1,256.10  (MMK)                             -  Official rate on (04/11/2015)

 

 

ADDITIONAL INFORMATION

 

Main Activities:

The company is engaged in wholesale trade of crushing and screening equipment.

 

The company is a an international representative of products and services in Myanmar.

 

Operations & branches:

At the address, No 57/A, Thar Yar Shwe Pyi Street, Ward No. 16, Yankin, Yangon, we find the company's head office.

 

Other addresses:

No.16/5, Thiri Mingalar Yeikthar Street, Yankin T/S, Yangon Region, Myanmar

 

Additional contacts:

Tel: +95 95108654;  +95 95172246; +95 973216766

 

 

NOTES & COMMENTS

 

----


 

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 :

RAS

 

 

Report Prepared by :

ANK

 


 

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.