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MIRA INFORM REPORT
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Report No. : |
510063 |
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Report Date : |
25.05.2018 |
IDENTIFICATION DETAILS
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Name : |
MAJESTY FAMILY INTERNATIONAL CO., LTD. |
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Registered Office : |
No.3, Shin Saw Pu Road, Sanchaung Township, Yangon |
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Country : |
Myanmar |
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Date of Incorporation : |
22.01.1998 |
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Com. Reg. No.: |
1711/1997-1998 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
· Manufacture of bicycles and invalid carriages · Wholesale trade of motor vehicle parts and accessories |
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No. of Employees : |
250-399 [2018] |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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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 (30.09.2017) |
Current Rating (31.12.2017) |
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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 |
MAJESTY FAMILY INTERNATIONAL CO., LTD. |
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Country |
MYANMAR |
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Company Registration Number |
1711/1997-1998 |
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Main Activity Code |
3092 |
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Main Activity Description |
Manufacture of bicycles and invalid carriages |
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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 |
MAJESTY FAMILY INTERNATIONAL CO., LTD. |
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Registered Company Name |
MAJESTY FAMILY INTERNATIONAL CO., LTD. |
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Company Registration Number |
1711/1997-1998 |
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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 |
1998-01-22 |
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Date of Starting Operations |
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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 1510034 +95 1519424 +95 291000847 |
Main
Address
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Address |
Country |
Telephone |
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No.3, Shin Saw Pu Road,Sanchaung Township, Yangon |
MYANMAR |
+95 1510034 +95 1519424 +95 291000847 |
Other
Address
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Address |
Country |
Telephone |
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Branch: 138, 26th St, Bet 83rd St & 84th St,
Mandalay |
MYANMAR |
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Branch: No.1, Bagaya Tawya Street, Myenigone,
Sanchaung,Yangon |
MYANMAR |
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Previous
Address
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No previous addresses for this company. |
Activities
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Activity Code |
Activity Description |
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3092 |
Manufacture of bicycles and invalid carriages |
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4531 |
Wholesale trade of motor vehicle parts and
accessories |
Email
Addresses
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Web
Pages
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Employee
Information
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Date Reported Number of Employees |
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2018 250-399 |
Banker
Information
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No banker information for this company. |
Advisors
Information
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No advisor information for this company. |
Miscellaneous
Information
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Fax Number |
+95 1512092 |
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Export Countries |
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Import Countries |
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Additional Business Information |
The subject is engaged in manufacture and wholesale
of bicycles. |
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Additional Payment Information |
Payment history: Slow but correct. |
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Additional Financial Information |
Private companies in Myanmar 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 |
250-399 |
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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 |
Please find in this report the subject's complete
and correct address. |
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Established |
1998 The Supplies Could Get Only information on
Year, not month and Day at this time. |
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Line of Business |
Vehicle manufacturing, Vehicle trading and repair |
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Industry Division |
Manufacturing, Wholesale trade |
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Responsible Register |
Directorate of Investment and Company
Administration |
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Legal Domicile |
Sanchaung Township, Myanmar |
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Remarks |
Duration: October 31, 2019 (expiry date for the
official registry) |
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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/-s |
Names of the shareholders are not available. |
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Operations and Branches |
At the address, No. 3, Shin Saw Pu Road, Sanchaung
Township, Yangon, Myanmar, we find the subject's head office. Branch
addresses:- 138, 26th St, Bet 83rd St & 84th St, Mandalay, Myanmar.
Telephone: +95 222870 Telephone: +95 238407 No.1, Bagaya Tawya Street,
Myenigone, Sanchaung,Yangon, Myanmar. Telephone: +95 1502057 Additional contact: Head
Office Telephone: +95 1512092 |
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Company's Background |
Currently the website of the company is under
construction. We have consulted the Directorate of Investment and Company
Administration and the capital amount and tax number were not disclosed. |
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Notes & Comments |
Currently the website of the company is under
construction. |
Financial
Information
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No financial information for this company. |
Current
Directors
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Name |
Gender |
Position |
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Khine Myint, Kay |
Unknown |
Director |
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Mya, Kyin |
Unknown |
Director |
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Swar Myint, Kyaw |
Unknown |
Chief Executive Officer |
Previous
Directors
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No previous directors for this company. |
Share
Capital Structure
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No share capital information for this company |
Group
Structure
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No group structure information for this company |
Negative
Information
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Public records 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 68.39 |
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1 |
INR 91.44 |
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Euro |
1 |
INR 80.14 |
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MMK |
1 |
INR 0.050 |
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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VAR |
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Report Prepared
by : |
TPT |
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
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Company
background and operations size
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Promoters
/ Management background
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Payment
record
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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.