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MIRA INFORM REPORT
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Report No. : |
486278 |
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Report Date : |
24.01.2018 |
IDENTIFICATION DETAILS
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Name : |
M.Y ASSOCIATES COMPANY LIMITED |
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Registered Office : |
94/2 Inya Road Kamayut
Township, Yangon |
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Country : |
Myanmar |
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Date of Incorporation : |
02.01.1996 |
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Com. Reg. No.: |
1081/1995-1996 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
·
Wholesale of machine
tools ·
Wholesale of other
machinery and equipment |
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No. of Employees : |
80-149 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
C |
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Credit Rating |
Explanation |
Rating Comments |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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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
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Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
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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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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
Company Summary
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Business Name |
M.Y Associates Company Limited |
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Country |
MYANMAR |
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Company Registration Number |
1081/1995-1996 |
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Main Activity Code |
4662 |
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Main Activity Description |
Wholesale of machine tools |
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Company Status |
Active (Active) |
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Latest Turnover Figure |
- |
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Latest Shareholder Equity Figure |
- |
Basic
Information
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Business Name |
M.Y Associates Company Limited |
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Registered Company Name |
M.Y Associates Company Limited |
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Company Registration Number |
1081/1995-1996 |
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Country |
MYANMAR |
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VAT Registration Number |
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VAT Registration Date |
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Date of Company Registration |
1996-01-02 |
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Date of Starting Operations |
1996-01-01 |
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Commercial Court |
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Legal Form |
Limited Liability Company |
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Type of Ownership |
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Company Status |
Active (Active) |
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Principal Activity Code |
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Principal Activity Description |
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Contact Telephone Number |
+95 1525990, +95 1534473, +95
9420302329 |
Main
Address
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Address |
Country |
Telephone |
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94/2 Inya Road Kamayut Township,
Yangon |
MYANMAR |
+95 1525990, +95 1534473, +95 9420302329 |
Other
Address
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Address |
Country |
Telephone |
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#No. (Ma-24), 2-Ta, Coner of
67 Street and Moe Thout Pan Street,
Mandalay, Myanmar |
MYANMAR |
+95 278663, +95 278664 |
Previous
Address
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Address |
Country |
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No previous addresses for this
company. |
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Activities
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Activity Code |
Activity Description |
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4662 |
Wholesale of machine tools |
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4669 |
Wholesale of other machinery and
equipment |
Email
Addresses
myassoco@mptmail.net.mm
Web
Pages
http://www.myholdingmyanmar.com
Employee
Information
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Date Reported |
Number of Employees |
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2018 |
80-149 |
Banker
Information
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Banker Name |
Banker Address |
Phone Number |
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Myanmar Investment Commission Bank |
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Advisors
Information
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Auditor Name |
Solicitor Name |
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No advisor information for this
company. |
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Miscellaneous Information
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Fax
Number |
+95 1534473 |
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Export
Countries |
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Import
Countries |
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Additional
Business Information |
Main Activities: The company is engaged in import
and distribution of products from International Brands representing the
suppliers on agency basis. Equipment supply & Turnkey and technical
support for cement plants. Other Business: Information Communication
Technologies Engineering Consultancy L.V.Technology | Grundfos | Energi
Danmark Retail (Supermarket) Business M.Y Product Brands: SKF (Sweden)
OPTIBELT (Germany) PETRONAS Lubricants (Malaysia) TRW-LUCAS (England) SELLEYS
(Australia) FEDERAL MOGUL (USA) HARTRIDGE (England) ZF (Germany) MILITEC-1
(USA) |
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Additional
Payment Information |
Payment history: No payment history is available. |
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Additional
Financial Information |
Financial information: Private companies are not
required to publish or disclose balance sheets. Balance sheets are not
available from other sources. |
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Number
of Employees at Address |
80-149 |
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Number of Employees at Group |
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Number of Employees at Factory |
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Additional Miscellaneous Information
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Comments
About Your Request |
The address provided in th order belongs to the
company's Industrial Ingredients Division. Please also find the company's complete
and correct head office address in this report. 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. |
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Line
of Business |
Industrial goods wholesale, Consumer goods wholesale |
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Industry
Division |
Wholesale trade |
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Banks |
Myanmar Foreign Trade Bank |
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Responsible
Register |
Directorate of Investment and Company Administration |
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Legal
Domicile |
Botahtaung Township, Myanmar |
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Remarks |
Duration: The official registry of the company
expired in January 1, 2001. Please note that if the registry is expired it does
not affect the normal operations of the companies in Myanmar. |
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Sanctions
List |
We did not find the company included on the various
international sanctions lists, such as the OFAC (Office of Foreign Assets Control),
the BIS (Bureau of Industry and Security), the European Union Restrictive
measures (sanctions) list, the Export Control Organisation (ECO) of the UK,
the Australian Department of Foreign Affairs and Trade. |
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Owners |
Name(s) of the other shareholder(s) are not
available. |
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Related
Company |
Myaing Hay Wun Food Center Co., Ltd. |
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Operations
and Branches |
At the address, 94/2 Inya Road, Kamayut Township,
Yangon, Myanmar, we find office of the company. Additional addresses: - M.Y Engineering
Division address: #216, Bogyoke Aung San Road, Botataung Township, Yangon,
Myanmar Tel: +95 1392505 Tel: +95 1392503 Fax: +95 1392571 Industrial
Ingredients Division address: Dagon Centre, 7th Floor, Block B, 262/264 Pyay
Road, Myaynigone, Sanchaung Township, Yangon Additional information: Mobile: +95
9420238276 Mobile: +95 9420244546 Website: https://www.facebook.com/MY-Associates-Co-Ltd-540150119331181/ |
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Company's
Background |
According to the subject's website the company was
incorporated in June, 1996, however according to the official registry the
company was registered on January 2, 1996. |
Financial Information
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No
financial information for this company. |
Current
Directors
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Name |
Gender |
Address |
Date of |
Position |
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Birth |
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Moe Aung, Zaw |
Unknown |
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Manager |
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Maung Maung, U |
Unknown |
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Deputy General Manager |
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Myint, Ye |
Unknown |
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Director |
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Pyae Ye Htut, Aung |
Unknown |
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Director |
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Pyae Ye Htut, Chaw |
Unknown |
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Director |
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Myint, Ommar |
Unknown |
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Chief Executive Officer |
Previous
Directors
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Name |
Gender |
Address |
Date of Birth |
Position |
Resignation Date |
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No previous directors for this
company. |
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Share
Capital Structure
Nominal Share Capital
Issued Share Capital
Shareholders
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Shareholder |
Address |
% Shares Held |
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Y.H.O Co., Ltd. |
Myanmar |
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Group
Structure
No group structure information for
this company
Negative
Information
Public information: No legal
actions determined.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.77 |
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1 |
INR 89.20 |
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Euro |
1 |
INR 78.22 |
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MMK |
1 |
INR 0.048 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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NIS |
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Report Prepared
by : |
TRU |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on secured
terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.