|
|
|
MIRA INFORM REPORT
|
Report No. : |
492504 |
|
Report Date : |
01.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
PHARMACEUTICAL AND FOODSTUFF INDUSTRIES |
|
|
|
|
Formerly Known As : |
MYANMAR PHARMACEUTICAL INDUSTRIES |
|
|
|
|
Registered Office : |
Office No. 30, Zeya Htani
Road, Nay Pyi Taw |
|
|
|
|
Country : |
Myanmar |
|
|
|
|
Financials (as on) : |
Not Available |
|
|
|
|
Date of Incorporation : |
1950 |
|
|
|
|
Legal Form : |
Public authority |
|
|
|
|
Line of Business : |
·
Manufacture of basic
pharmaceutical products ·
Manufacture of
pharmaceutical preparations ·
Wholesale of
pharmaceutical goods |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
Myanmar |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
Company Summary
|
Business Name |
Pharmaceutical and Foodstuff Industries |
|
Country |
MYANMAR |
|
Company Registration Number |
|
|
Main Activity Code |
2110 |
|
Main Activity Description |
Manufacture of basic pharmaceutical
products |
|
Company Status |
Active (Active) |
|
Latest Turnover Figure |
- |
|
Latest Shareholder Equity Figure |
- |
Basic Information
|
Business Name |
Pharmaceutical and Foodstuff Industries |
|
Registered Company Name |
Pharmaceutical and Foodstuff Industries |
|
Company Registration Number |
|
|
Country |
MYANMAR |
|
VAT Registration Number |
|
|
VAT Registration Date |
|
|
Date of Company Registration |
|
|
Date of Starting Operations |
|
|
Commercial Court |
|
|
Legal Form |
Public authority |
|
Type of Ownership |
|
|
Company Status |
Active (Active) |
|
Principal Activity Code |
|
|
Principal Activity Description |
|
|
Contact Telephone Number |
+95 67405320, +95 67408380 |
Main Address
|
Address |
Country |
Telephone |
|
Office No. 30, Zeya Htani
Road, Nay Pyi Taw |
MYANMAR |
+95 67405320, +95 67408380 |
Other
Address
|
Address |
Country |
Telephone |
|
Office No. 37, Zeya Htani
Road, Nay Pyi Taw |
MYANMAR |
|
Previous
Address
|
Address |
Country |
|
No previous addresses for this
company. |
|
Activities
|
Activity Code |
Activity Description |
|
2110 |
Manufacture of basic pharmaceutical
products |
|
2120 |
Manufacture of pharmaceutical preparations |
|
4646 |
Wholesale of pharmaceutical goods |
Email
Addresses
pfimoi@gmail.com
Web
Pages
http://moi.industry.gov.mm
Previous
Names
|
Previous Name |
Date Changed from Previous Name |
|
Myanmar Pharmaceutical Industries |
2010-08-01 |
Employee
Information
|
Date Reported |
Number of Employees |
|
2018 |
unknown |
Banker
Information
|
Banker Name |
Banker Address |
Phone Number |
|
No banker information for this
company. |
|
|
Advisors
Information
|
Auditor Name |
Solicitor Name |
|
No advisor information for this
company. |
|
Miscellaneous
Information
|
Fax Number |
+95 67405135, +95 67408195 |
|
Export Countries |
|
|
Import Countries |
|
|
Additional Business Information |
The subject is engaged in production of medicines for public health, development of the production technology in the field of Pharmaceuticals and Foodstuff in Myanmar, and promotion of the private manufacturing sector for Pharmaceuticals and Foodstuff. The subject has been organized with 8 departments: (1) Planning Department, (2) Technology Development Department, (3) Production Department, (4) Quality Control Department, (5) Finance Department, (6) Marketing Department, (7) Administrative Department, (8) Research Department. The subject supervises and manages the following factories, horse and sheep breeding farm and plantation concerning the pharmaceutical production and technology development: (1) Factories, (i) Pharmaceutical Factory (Insein), Pharmaceutical Factory (Ywarthargyi Branch), Pharmaceutical Raw Factory ( Hmawbi Branch), Ngasutaung Plantation (1)(2), Thantaungyi Plantation, Pwaytaung Plantation (arranging to lease to Private), Pwarekauk Plantation (arranging to lease to Private), Pugawswung Plantation, (ii) Pharmaceutical Factory (Inyaung); (iii) Horses and sheep Breeding Farm, Horses and sheep Breeding Farm (Yanpe), Horse Breeding Farm (Haeho), Sheep Breeding Farm (Pwint Phyu). |
|
Additional Payment Information |
No payment history is available. |
|
Additional Financial Information |
|
|
Number of Employees at Address |
unknown |
|
Number of Employees at Group |
|
|
Number of Employees at Factory |
|
Additional Miscellaneous Information
|
Comments About Your Request |
Myanmar Pharmaceutical Industries and Myanmar Foodstuff Industries were combined as the Pharmaceutical and Foodstuff Industries (PFI) on August 1, 2010. For this reason we provide the report under the name Pharmaceutical and Foodstuff Industries. |
|
Line of Business |
Pharmaceutics, Consumer goods wholesale |
|
Industry Division |
Manufacturing, Wholesale trade |
|
Responsible Register |
State Register of Myanmar |
|
Legal Domicile |
Nay Pyi Taw, Myanmar |
|
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. |
|
Owners/-s |
The subject comes under the Ministry of Industry. |
|
Head Office And State - Owned Factories |
(1) Head office of the Pharmaceutical and Foodstuff Industries, (2) No (1) Pharmaceutical Factory (Yangon), Hepatitis ' B ' Vaccine Factory (Ywa Tha Gyi Branch), (3) No (2) Pharmaceutical Factory (Inyaung), (4) No (2) Plastic Factory (Kyauk Se), (5) Horse and Sheep Breeding Form (Yanpe). |
|
Products |
1) No (1) Pharmaceutical Factory (Yangon), (2) No (2) Pharmaceutical Factory (Inyaung), (3) No (2) Plastic Factory (Kyauk Se), (4) Horses and Sheep Breeding Farm (Yanpe). |
|
Leased Factories |
(1) Dagon Soft Drink and Ice Factory, (2) Diamond Soft Drink and Ice Factory, (3) Magwe Soft Drink and Ice Factory (Magwe Branch), (4) Zayawaddi Sugar Mill, (5) Belin Sugar Mill, (6) Daikoo Tapioca Starch Factory, (7) Soap Factory (Mandalay), (8) Soap Factory (Magwe Branch), (9) Soap Factory (Yamathin ), (10) Teint Seint Oil Factory (Seip Phyu), (11) No(1) Plastic Factory (Yangon), Plastic Sub Factory (Mayangone), Plastic Sub Factory (Mawbe). (12) Integrated Corn Products Factory (Yanpe), (13) Purified Drinking Water Factory (Kyaukse), (14) Mawlamine No (4) Alcohol Factory, (15) Kawthaung Palm Oil Factory (Kawthaung), (16) Samse Plantation. |
|
Joint Venture |
(1) Industrial Alcohol Distillery (Bilin), (2) No (3) Pharmaceutical Factory (Sagaing) |
|
Operations & Branches |
At the address, Office No. 30, Zeya Htani Road, Nay Pyi Taw, we find the subject's head office. |
|
Company's Background |
Myanmar Pharmaceutical Industries and Myanmar Foodstuff Industries were combined as the Pharmaceutical and Foodstuff Industries (PFI) on August 1, 2010. We have been unable to obtain when the subject started trading as well as the full register details. Nevertheless, according to non-official sources the subject is active at least since 1950. |
|
Notes & Comments |
"New pill and tablet factory opens in Insein A ceremony to open a new facility that produces medicinal pills, tablets and capsules was held yesterday morning at New MPI (Myanmar Pharmaceutical Industries) Project site in Pharmaceutical Factory (Insein), Insein Township, Yangon. Union Minister for Industry U Khin Maung Cho, Union Minister for Health and Sports Dr Myint Htwe, Yangon Region Minister for Electricity, Industry, Road and Communication Daw Nilar Kyaw, H.E. Antonio J.M. de Souza e Silva and MPI Managing Director (MD) U Ko Ko Lwin opened the ceremony by cutting a ribbon after which Union Ministers U Khin Maung Cho and Dr. Myint Htwe press a button to unveil a commemorative sign of the building and poured scented water on it. Afterward, in the meeting room, the acting factory manager explained the manufacturing process of new medicines. MPI MD then explained the project stages to increase production of medicines, present production and future plans. Next, Union Ministers U Khin Maung Cho, Dr. Myint Htwe and officials viewed the displayed medicines produced by Pharmaceutical Factory (Insein), observed the production of pills and tablets and met with local and foreign experts who implemented the project. "MPI-produced medicines support the Ministry of Health, and while touring the factory, it was seen to be producing quality products. As the medicines are of required quality, Ministry of Health will purchase most of the medicines produced. Furthermore the prices are cheap and there is a time factor in importing from abroad and thus this is very convenient," said Union Minister for Health and Sports Dr. Myint Htwe. The New MPI Project was implemented in 2015 and on 20 May 2016, a new anti-venom production centre and a modern medicine storage building was opened. On 18 February, a Cephalosporin injection building and Small Volume Parenteral Production Plant was opened. New medicines were being produced in the pills, tablets and capsule production building yesterday and morphine sulfate tablets for cancer patients were being tested. Treatment with the tablets was provided in Yangon General Hospital while a medicine registration license from FDA was also obtained. Pharmaceutical Factory (Insein) factory manager Dr. Aung Zaw said the new pills, tablets and capsule production building can produce 500 million pills, tablets, and capsules annually and was setup with an aim to increase production of required medicines for the Myanmar health sector. Pharmaceutical Factory (Insein) has produced various pills, tablets and injections since 1958 is currently producing more than 180 types of medicines." In The Global New Light of Myanmar - July 24, 2017 "Myanmar's First Private Pharmaceutical Factory Opens in Dagon Seikkan Township. Myanmar's current domestic pharmaceutical production is limited to state owned enterprises operated by the Ministry of Industry. Under the banner of Myanmar Pharmaceutical Industries, two factories have operated since the late 1950s and produce approximately 200 types of medicine." In Myanmar Business Today - August 8, 2017. |
Financial
Information
No financial information for this company.
Current
Directors
|
Name |
Gender |
Address |
Date of Birth |
Position |
|
Ko Ko Lwin, U |
Unknown |
|
|
Chief Executive Officer |
Previous
Directors
|
Name |
Gender |
Address |
Date of Birth |
Position |
Resignation Date |
|
No previous directors for this
company. |
|
|
|
|
|
Share
Capital Structure
No share capital information for
this company
Group
Structure
No group structure information for
this company
Negative
Information
No legal actions determined.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.10 |
|
|
1 |
INR 94.44 |
|
Euro |
1 |
INR 79.59 |
|
MMK |
1 |
INR 0.048 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
TRU |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
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.