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%20LTD%20-%20499488%2031-Mar-2018_files/image009.jpg){kind=small}
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MIRA INFORM REPORT
|
Report No. : |
499488 |
|
Report Date : |
31.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
COLGATE PALMOLIVE (MYANMAR) LTD |
|
|
|
|
Registered Office : |
Lot 42 Shwe Pyi Thar Industrial Zone Plot 97 &
101 Cherry Rd, Shwe Pyi Thar, Yangon |
|
|
|
|
Country : |
Myanmar |
|
|
|
|
Financials (as on) : |
December, 2017 |
|
|
|
|
Date of Incorporation : |
29.05.2014 |
|
|
|
|
Com. Reg. No.: |
195FC/2014-2015 |
|
|
|
|
Legal Form : |
Limited |
|
|
|
|
Line of Business : |
Subject is engaged in Retail sale
via stalls and markets of other goods.
|
|
|
|
|
No. of Employees : |
100 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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
name and Summary
|
Business
Name |
COLGATE
PALMOLIVE (MYANMAR) LTD |
|
Country |
MYANMAR |
|
Company
Registration Number |
195FC/2014-2015 |
|
Main
Activity Code |
4789 |
|
Main
Activity Description |
Retail
sale via stalls and markets of other goods |
|
Company
Status |
Normal
(Active) |
|
Latest
Turnover Figure |
- |
|
Latest
Shareholder Equity Figure |
243.000.000 |
Basic
Information
|
Business
Name |
COLGATE
PALMOLIVE (MYANMAR) LTD |
|
Registered
Company Name |
COLGATE
PALMOLIVE (MYANMAR) LTD |
|
Company
Registration Number |
195FC/2014-2015 |
|
Country |
MYANMAR |
|
VAT
Registration Number |
|
|
VAT
Registration Date |
|
|
Date
of Company Registration |
2014-05-29 |
|
Date
of Starting Operations |
2014-05-29 |
|
Commercial
Court |
|
|
Legal
Form |
Limited |
|
Type
of Ownership |
Registered
ownership by a related third party |
|
Company
Status |
Normal
(Active) |
|
Principal
Activity Code |
|
|
Principal
Activity Description |
|
|
Contact
Telephone Number |
[+95]
1-3614139 [+95] 1-3614140 [+95] 1-3614141,[+95]-9972669261 |
Main
Address
|
Address |
Country |
Telephone |
|
Lot
42 Shwe Pyi Thar Industrial Zone Plot 97 & 101 Cherry Rd, Shwe Pyi Thar,
Yangon |
MYANMAR |
[+95]
1-3614139 [+95] 1-3614140 [+95]
1-3614141,[+95]-9972669261 |
Other
Address
Address Country
Telephone
No other addresses
for this company
Previous
Address
|
Address |
Country |
|
Rm
117 Inya Lake Hotel 37 Kaba Aye Pagoda Rd, Mayangone, Yangon |
MYANMAR |
|
Rm 8-9, 18th Fl Sule Square Office Tower, 21 Sule
Pagoda Rd, Pabedan, Yangon |
MYANMAR |
Activities
|
Activity Code Activity Description |
|
4789 Retail sale via stalls and markets of
other goods |
Email
Addresses
Web
Pages
Employee
Information
|
Date Reported Number of Employees |
|
2018 100 |
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]
1-3614140 [+95] 1-3614141 |
|
Export
Countries |
|
|
Import
Countries |
|
|
Additional
Business Information |
The
primary business focus of COLGATE PALMOLIVE (MYANMAR) LTD is Manufacturing -
Finished products. Key products include: Detergents, Healthcare products, Household
care products, Personal care products, Shampoo, Soaps,Toothpastes, An
integral part of the core business includes: Distribution. |
|
Additional
Rating Information |
High
Credit Qulaity: Credit can proceed with favorable & flexible financing
terms.Proposed Credit Limit: USD $50,000,000;
Revision of Credit Limit: Annual; Risk Index: Low. |
|
Additional
Payment Information |
Selling Type: Terms Local: Cash on delivery (COD) Credit - Unsecured 30~60 days. Purchasing Type: Terms Local: Credit -
Unsecured 30~60 days Cash on delivery (COD). |
|
Additional
Financial Information |
Financial
Statements were prepared as at 31.12.17, 31.12.16 and 31.12.15. Year:
Turnover; Assets: Net Income; 2014 Annual: 17,277,000,000;
13,459,000,000; 2,180,000,000. |
|
Number
of Employees at Address |
100 |
|
Number
of Employees at Group |
|
|
Number
of Employees at Factory |
|
Additional
Miscellaneous Information
|
Key
Industry |
Consumer
Products. |
|
Registered
Legal Address |
Lot
42 Shwe Pyi Thar Industrial Zone Plot 97 & 101 Cherry Rd, Shwe Pyi Thar,
Yangon. |
|
Issuing
Authority |
MINISTRY OF NATIONAL PLANNING & ECONOMIC DEVELOPMENT,
DIRECTORATE OF INVESTMENT & COMPANY ADMINISTRATION. |
|
Legal
Form - Category |
Private
Company with Limited Liability. |
|
Primary
Products(Products / Materials /
Services Description: Activity) |
Detergents:
Healthcare products; Household care products; Personal care
products; Shampoo; Manufacturing. |
|
Domestic
Sales and Purchases (Annual Domestic Sales:100%, Annual Purchases Analysis:Percentage;
Local Purchases: 100%. Sales
Analysis: Percentage) |
|
|
Reputation |
The COLGATE PALMOLIVE (MYANMAR) LTD
maintains a good and well-established reputation in the local market. |
|
Nega-Scan
- Adverse Data Monitoring |
Dishonored
checks: Debt; Civil litigation; Performance defaults; Adverse
local media coverage / adverse filing history:No record found. |
|
Strategic
partner/s and alliances |
Recognition Status: The COLGATE-PALMOLIVE GROUP is NOT a registered business
entity name.It appears to
be an unofficial name used to collectively identify several business entities
owned directly or indirectly the same
owners.The only business entities found legally registered and believed to be operating in association with this
"Group" name, include the following:Business Entity Name:Location:
COLGATE PALMOLIVE (MYANMAR) LTD Myanmar;
COLGATE-PALMOLIVE EUROPE SARL: Switzerland;
COLGATE- PALMOLIVE PTY LTD: South Africa; COLGATE-PALMOLIVE (VIETNAM) LTD: Vietnam;
COLGATE- PALMOLIVE (EASTERN) PTE LTD:
Singapore; COLGATE-PALMOLIVE (ASIA) PTE
LTD: Singapore; COLGATE-PALMOLIVE (MALAYSIA) SDN
BHD: Malaysia;
COLGATE-PALMOLIVE AB: Sweden, COLGATE- PALMOLIVE AS: Denmark, COLGATE-PALMOLIVE NEDERLAND BV: Netherlands;
COLGATE-PALMOLIVE PHILIPPINES INC: Philippines;
COLGATE-PALMOLIVE PTY LTD: Australia; COLGATE
(GUANGZHOU) CO LTD: China;
14 COLGATE-PALMOLIVE (CHINA) CO
LTD: China; COLGATE-PALMOLIVE LTD: New Zealand; COLGATE-PALMOLIVE (HK) LTD Hong
Kong. |
|
Holding
Company |
Holding
Company: COLGATE-PALMOLIVE CO; Country: USA. |
|
Previous
Contact Details |
Company Address: Rm 117 Inya Lake
Hotel 37 Kaba Aye Pagoda Rd, Mayangone, Yangon; Fax Number:
95-1-614141, Telephone Number:95-1-614139 Fax
Number: 95-1-614139, Company Address: Rm 8-9, 18th Fl Sule Square Office Tower, 21 Sule
Pagoda Rd, Pabedan, Yangon,
Telephone Number: 95-1-254186. |
|
Associations |
COLGATE PALMOLIVE (MYANMAR) LTD are members of the following
associations: Domestic Associations:
Association Name; AMERICAN CHAMBER OF COMMERCE MYANMAR ,
THE - AMCHAM. |
Financial
|
Financial
Year |
2017-12 |
2016-12 |
2015-12 |
|
Number
of Weeks |
52 |
52 |
52 |
|
Currency |
USD |
USD |
USD |
|
Consolidated
Accounts |
No |
No |
No |
Profit and Loss
|
Revenue |
15.454.000.000 |
15.195.000.000 |
16.034.000.000 |
|
Operating
Costs |
6.174.000.000 |
6.072.000.000 |
6.635.000.000 |
|
Operating
Profit |
9.280.000.000 |
9.123.000.000 |
9.399.000.000 |
|
Wages
& Salaries |
- |
- |
- |
|
Pension
Costs |
- |
- |
- |
|
Depreciation |
- |
- |
- |
|
Amortisation |
- |
- |
- |
|
Financial
Income |
- |
- |
- |
|
Financial
Expenses |
- |
- |
- |
|
Extraordinary
Income |
- |
- |
- |
|
Extraordinary
Costs |
5.793.000.000 |
5.385.000.000 |
6.636.000.000 |
|
Profit
before Tax |
3.487.000.000 |
3.738.000.000 |
2.763.000.000 |
|
Tax |
1.313.000.000 |
1.152.000.000 |
1.215.000.000 |
|
Profit
after Tax |
2.174.000.000 |
2.586.000.000 |
1.548.000.000 |
|
Dividends |
- |
- |
- |
|
Minority
Interests |
150.000.000 |
145.000.000 |
164.000.000 |
|
Other
Appropriations |
- |
- |
- |
|
Retained
Profit |
2.024.000.000 |
2.441.000.000 |
1.384.000.000 |
Balance Sheet
|
Land
& Buildings |
0 |
0 |
0 |
|
Plant
& Machinery |
0 |
0 |
0 |
|
Other
Tangible Assets |
0 |
0 |
0 |
|
Total
Tangible Assets |
0 |
0 |
0 |
|
Goodwill |
2.218.000.000 |
2.107.000.000 |
2.103.000.000 |
|
Other
Intangible Assets |
1.341.000.000 |
1.313.000.000 |
1.346.000.000 |
|
Total
Intangible Assets |
3.559.000.000 |
3.420.000.000 |
3.449.000.000 |
|
Investments |
0 |
0 |
0 |
|
Loans
to Group |
0 |
0 |
0 |
|
Other
Loans |
0 |
0 |
0 |
|
Miscellaneous
Fixed Assets |
4.478.000.000 |
4.365.000.000 |
4.125.000.000 |
|
Total
Other Fixed Assets |
4.478.000.000 |
4.365.000.000 |
4.125.000.000 |
|
Total
Fixed Assets |
8.037.000.000 |
7.785.000.000 |
7.574.000.000 |
|
Raw
Materials |
0 |
0 |
0 |
|
Work
in Progress |
0 |
0 |
0 |
|
Finished
Goods |
0 |
0 |
0 |
|
Other
Inventories |
0 |
0 |
0 |
|
Total
Inventories |
1.221.000.000 |
1.171.000.000 |
1.180.000.000 |
|
Trade
Receivables |
1.480.000.000 |
1.411.000.000 |
1.427.000.000 |
|
Group
Receivables |
0 |
0 |
0 |
|
Receivables
Due after 1 year |
0 |
0 |
0 |
|
Miscellaneous
Receivables |
0 |
0 |
0 |
|
Total
Receivables |
1.480.000.000 |
1.411.000.000 |
1.427.000.000 |
|
Cash |
1.535.000.000 |
1.315.000.000 |
970.000.000 |
|
Other
Current Assets |
403.000.000 |
441.000.000 |
807.000.000 |
|
Total
Current Assets |
4.639.000.000 |
4.338.000.000 |
4.384.000.000 |
|
Total
Assets |
12.676.000.000 |
12.123.000.000 |
11.958.000.000 |
|
Trade
Payables |
1.212.000.000 |
1.124.000.000 |
1.110.000.000 |
|
Bank
Liabilities |
0 |
0 |
0 |
|
Other
Loans or Finance |
0 |
0 |
298.000.000 |
|
Group
Payables |
0 |
0 |
0 |
|
Miscellaneous
Liabilities |
2.196.000.000 |
2.181.000.000 |
2.126.000.000 |
|
Total
Current Liabilities |
3.408.000.000 |
3.305.000.000 |
3.534.000.000 |
|
Trade
Payables After 1 Year |
0 |
0 |
0 |
|
Bank
Liabilities After 1 Year |
0 |
0 |
0 |
|
Other
Loans or Finance due after 1 year |
6.566.000.000 |
6.520.000.000 |
6.269.000.000 |
|
Group
Payables After 1 Year |
0 |
0 |
0 |
|
Miscellaneous
Liabilities Due After 1 Year |
2.459.000.000 |
2.281.000.000 |
2.199.000.000 |
|
Total
Long Term Liabilities |
9.025.000.000 |
8.801.000.000 |
8.468.000.000 |
|
Total
Liabilities |
12.433.000.000 |
12.106.000.000 |
12.002.000.000 |
|
Called
Up Share Capital |
3.450.000.000 |
3.157.000.000 |
2.904.000.000 |
|
Share
Premium |
0 |
0 |
0 |
|
Revenue
Reserves |
20.531.000.000 |
19.922.000.000 |
18.861.000.000 |
|
Other
Reserves |
-23.738.000.000 |
-23.062.000.000 |
-21.809.000.000 |
|
Total
Shareholders Equity |
243.000.000 |
17.000.000 |
-44.000.000 |
Other
Financials
|
Contingent
Liabilities |
|||
|
Working
Capital |
1.231.000.000 |
1.033.000.000 |
850.000.000 |
|
Net
Worth |
-3.316.000.000 |
-3.403.000.000 |
-3.493.000.000 |
Ratios
|
Pre
Tax Profit Margin |
22.56 |
24.6 |
17.23 |
|
Return
On Capital Employed |
37.62 |
42.39 |
32.8 |
|
Return
On Total Assets Employed |
27.51 |
30.83 |
23.11 |
|
Return
On Net Assets Employed |
1434.98 |
21988.24 |
-6279.55 |
|
Sales
/ Net Working Capital |
12.55 |
14.71 |
18.86 |
|
Stock
Turnover Ratio |
7.9 |
7.71 |
7.36 |
|
Debtor
Days |
34.96 |
33.89 |
32.48 |
|
Creditor
Days |
28.63 |
27 |
25.27 |
|
Current
Ratio |
1.36 |
1.31 |
1.24 |
|
Liquidity
Ratio Or Acid Test |
1 |
0.96 |
0.91 |
|
Current
Debt Ratio |
14.02 |
194.41 |
-80.32 |
|
Gearing |
|||
|
Equity
In Percentage |
2.67 |
0.2 |
-0.52 |
|
Total
Debt Ratio |
51.16 |
712.12 |
-272.77 |
Additional
Financials
|
Gross
Profit |
Current
Directors
|
Name |
Gender |
Address |
Date
of Birth |
Position |
|
Ruben
Luis Young Mon |
Male |
|
|
Managing
Director |
|
Mark
Hodge |
Male |
|
|
Manager |
|
Wiwi
Sakularaktham |
Male |
|
|
Agent |
|
Ruben
Luis Young Mon |
Male |
|
|
General
Manager |
|
Athit
Jarutanasakul |
Male |
|
|
Director |
|
Dean
Craig Pratt |
Male |
|
|
Director |
|
Kitisak
Sangkaeo |
Male |
|
|
Director |
|
Kunal
Chadha |
Male |
|
|
Director |
Previous
Directors
|
Name |
Gender |
Address |
Date
of Birth |
Position |
Resignation
Date |
|
No
previous directors for this company. |
|||||
%20LTD%20-%20499488%2031-Mar-2018_files/image013.gif){kind=small}
Share
Capital Structure
|
Nominal
Share Capital |
|
Issued
Share Capital |
Shareholders
|
Shareholder |
Address |
%
Shares Held |
|
COLGATE-PALMOLIVE
(THAILAND) LTD |
Thailand |
100 |
Ultimate
Holding Parent
|
Name |
Type |
OfficeType |
Status |
RegistrationNumber |
VatNumber |
Address |
PhoneNumber |
|
COLGATE-PALMOLIVE (THAILAND) LTD |
|
|
Active |
|
|
19 Soi Yaek Thanon Na Ranong Rd
Sunthornkosa Rd Khlong Toey Bangkok
10110 |
|
Immediate
Holding Parent
|
Name |
Status |
Registration
Number |
Address |
|
COLGATE-PALMOLIVE
CO |
Active |
300
Park Ave New York New York 10022 |
|
Subsidaries
|
Name Status Registration Address Number |
|
No
subsidaries for this company. |
Affiliates
|
Name |
Status |
Address |
|
COLGATE
(GUANGZHOU) CO LTD |
Active |
17Fl Metro Plaza 183 Tianhe Rd North, Tianhe Dist, Guangzhou, Guangdong 510075 |
|
COLGATE-PALMOLIVE
(ASIA) PTE LTD |
Active |
Clifford
Centre 24 Raffles Place #15-00 048621 |
|
COLGATE-PALMOLIVE
(CHINA) CO LTD |
Active |
17Fl Yuehai Tianhecheng Mansion 208, Guangzhou,
Guangdong 510075 |
|
COLGATE-PALMOLIVE
(EASTERN) PTE LTD |
Active |
Wheelock
Place 501 Orchard Rd #04-09/10 238880 |
|
COLGATE-PALMOLIVE
(HK) LTD |
Active |
18Fl
Hennessey Centre East 500 Hennessey Rd, Causeway Bay, Hong Kong |
|
COLGATE-PALMOLIVE
(MALAYSIA) SDN BHD |
Active |
2
Jalan Semangat /Jalan Bersatu Section 13,
Petaling Jaya, Selangor 46200 |
|
COLGATE-PALMOLIVE
(VIETNAM) LTD |
Active |
Rm 1312, 13Fl
Saigon Trade Center 37 Ton Duc Thang St, District 1, Ho Chi
Minh |
|
COLGATE-PALMOLIVE
AB |
Active |
Danderyd,
Stockholms |
|
COLGATE-PALMOLIVE
AS COLGATE-PALMOLIVE AS |
Active |
Parallelvej
16, Kongens, Lyngby 2800 |
|
COLGATE-PALMOLIVE
EUROPE SARL |
Active |
Cours
De Rive 13-15, Geneve, GE 1204 |
|
COLGATE-PALMOLIVE
LTD |
Active |
32
Nevis St, Petone, Wellington 6332 |
|
COLGATE-PALMOLIVE
NEDERLAND BV |
Active |
Leeuwenveldseweg
3, Weesp 1382LV |
|
COLGATE-PALMOLIVE
PHILIPPINES INC |
Active |
Two World
- Three World Square 22 Upper Mckinley Rd, Fort Bonifacio, Taguig, NCR 1634 |
|
COLGATE-PALMOLIVE
PTY LTD |
Active |
Level
14, 345 George St, Sydney, NSW 2000 |
|
COLGATE-PALMOLIVE
PTY LTD |
Active |
528 Commissioner St Boksburg East Industrial Township, Benoni, Johannesburg,
Gauteng 1501 |
Negative
Information
|
No
negative information for this company |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.04 |
|
|
1 |
INR 92.28 |
|
Euro |
1 |
INR 80.62 |
|
MMK |
1 |
INR 0.049 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
DNS |
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.