Embed Size (px)
DESCRIPTION
GP
Citation preview
1 Report Details
Supplied on 3 June 2013Subject Reported on GOLDPETROL JOINT OPERATING CO INC 0602, 6Fl Sakura Tower 339 Bogyoke Aung San Rd, Kyauktada, YangonRegistration Number 177FC/1997-1998Client Reference
2 Dashboard
Rating
3 fair
Guide USD
Maximum 70,000
Risk
Normal
Payment Score
Status
20 Employed
0 Protests
1 Accounts
0 Xseption
1 Directors
15 Age (Yrs)
3 Branches
International - Full Credit Report3 June 2013 19:38:1
Hygeia Building, 66 College Road, Harrow, Middlesex HA1 1BE. United KingdomEmail: [email protected], Telephone: +44 (0) 20 8515 1420
Page 1 of 7
3 Company Identification Details
Subject GOLDPETROL JOINT OPERATING CO INCRegistration Number 177FC/1997-1998Internal P0872693Address 0602, 6Fl Sakura Tower 339 Bogyoke Aung San Rd, Kyauktada, Yangon,Telephone [+95] 1-666432Telephone [+95] 1-255280Fax [+95] 1-650357Fax [+95] 1-255281Email [email protected],[email protected] Address http://www.geopetrol.net
4 Creditline Recommendations
Maximum Credit Guide USD 70,000Current Rating 3Current Risk Category
NORMAL RISK
Note The rating system ranges from 1, indicating a high risk to 5, the lowest risk. A rating of 8 indicates an unclassified risk (risk unknown) which is also applied to entities that do not file financials for public inspection. Theamount advised is a recommended maximum credit exposure at any one time.
5 Summary Details
6 Official Company Data
Legal Form Incorporated - Private Company with Limited LiabilityIncorporation Date
15 Age (Yrs)
14/01/1998
( ddmmccyy )
Registered Office 0602, 6Fl Sakura Tower 339 Bogyoke Aung San Rd, Kyauktada, YangonPreviously Trading at 133 Mawyawaddy Lane 8, 1/2 Pyad Rd, Mayangone, Yangon
International - Full Credit Report3 June 2013 19:38:1
Hygeia Building, 66 College Road, Harrow, Middlesex HA1 1BE. United KingdomEmail: [email protected], Telephone: +44 (0) 20 8515 1420
Page 2 of 7
Note Official Company Details (continued...)
Subject Status
Status
TRADING
History
Event 1Date Mar, 2003. Acquired significant participating interest in 2 major producing Oil fields located in the central Sub-Salin basin of Myanmar covering an area of 1800 sq. kilometer namelyYenangyaung and Chauk.
Event 2Previously Located at:- 133 Mawyawaddy Lane 8, 1/2 Pyad Rd, Mayangone, Yangon
AdditionalInformation
Previous Credit Searches - 6 Feb, 2012 (Industry - Financial Services - General), 20 Aug, 2008 (Industry - Financial Services - General).Contact Information Status - Telephone; [+95] 1-666432, Telephone; [+95] 1-255280, Mobile; [+95]-95195239, Fax; [+95] 1-650357, Fax; [+95] 1-255281,CORE BUSINESS DESCRIPTION The primary business focus of GOLDPETROL JOINT OPERATING CO INC is Manufacturing - Finished products. Key productsinclude : Gas production Oil production An integral part of the core business includes: Distribution
7 Operations
Activities GAS PRODUCTION - MANUFACTURING.Activities OIL PRODUCTION - MANUFACTURING.SIC Code 1382 ( Oil/Gas Field Exploration Svc )SIC Code 4925 ( Petroleum Gas Products )Premises 1 OFFICE PREMISES.Staff Employed
20 Employed
Bankers
International - Full Credit Report3 June 2013 19:38:1
Hygeia Building, 66 College Road, Harrow, Middlesex HA1 1BE. United KingdomEmail: [email protected], Telephone: +44 (0) 20 8515 1420
Page 3 of 7
Branches
Summary 3 Branches
Branch 1 11Fl Sakura Tower 339 Bogyoke Aung San Rd, Kyauktada, YangonBranch 2 YeningyaungBranch 3 Chaulfiends
8 Known Directors
Director
Name MR. CHRISTIAN FLAMMIER Country of Origin French
9 Share Capital
Shareholder INTERRA : PLS SEE INTERRA RESOURCES LTD ( Singapore )Number Of Shares 60 %
Shareholder GOLDWATER CO LTD ( Virgin Islands (British) )Number Of Shares 40 %
Holding Company INTERRA : PLS SEE INTERRA RESOURCES LTD ( A COMPANY INCORPORATED IN Singapore )National1
10 Public Record Information
Public Record Information
ADVERSE DATA: No adverse data is registered
Protest and Non-Payments
Non-Payments A search of our payment default database proved negative.
International - Full Credit Report3 June 2013 19:38:1
Hygeia Building, 66 College Road, Harrow, Middlesex HA1 1BE. United KingdomEmail: [email protected], Telephone: +44 (0) 20 8515 1420
Page 4 of 7
11 General Information
Key person: Mr. Christian Flammier (French)
Manager: Mr. Sugi Handoko (Japanese) Manager, Department; Country
Manager: Mr. Sugi Handoko (Indonesian) Manager, Department;
Manager: Mr. Zu-xi Huang (Chinese) Manager, Department; Country
Manager: Mr. Htwe Ye Mya (Myanmar) Officer, Department; Administration
Manager: Mr. Tony Stevens (American ) Representative, Department; Executive
DOMESTIC SALES & PURCHASES: Domestic Sales 100%Local Purchases 100%
PAYMENT TERMS: Selling - Local Terms: Cash on delivery (COD) , Credit - Unsecured 30~60 days , Purchasing - Local Terms: Cash on delivery (COD) , Credit -Unsecured 30~60 days
REPUTATION: Reference checking for the purpose of establishing the GOLDPETROL JOINT OPERATING CO INC's reputation within the respective industry failed toreveal any adverse information.
International - Full Credit Report3 June 2013 19:38:1
Hygeia Building, 66 College Road, Harrow, Middlesex HA1 1BE. United KingdomEmail: [email protected], Telephone: +44 (0) 20 8515 1420
Page 5 of 7
12 Country Risk
Myanmar
Strengths( 1 ) Abundant raw materials (rice, teak, minerals, naturalgas, oil)( 2 ) Considerable hydroelectric potential( 3 ) Proximity of dynamic economies (India, China, Thailand)( 4 ) High tourism potential
Weaknesses( 1 ) High risk of ethnic tensions( 2 ) Maintenance of economic sanctions( 3 ) Self-sufficient and poorly diversified economy( 4 ) Lack of structural reforms (investment in infrastructures,health and education)
Main Economic Indicators
Year 2011 2010 2009 2008
Status Forecast Estimate Verified Verified
Economic Growth % 20 % 6 5 4.8 3.6
Public Sector Balance %GDP (3.6) (3.7) (3.5) (3.4)
Current Account Balance %GDP (1.9) 1.8 (1) (2.5)
Foreign Debt %GDP 0.6 % 31.7 31.5 31.1 28.7
Foreign exchange reserves (in months of imports) 3.8 % 8.1 7.8 8.1 7
Note Country Risk Data has been sourced from Coface. ("www.coface.com") with kind permission.
International - Full Credit Report3 June 2013 19:38:1
Hygeia Building, 66 College Road, Harrow, Middlesex HA1 1BE. United KingdomEmail: [email protected], Telephone: +44 (0) 20 8515 1420
Page 6 of 7
13 Customer Support
Contact Information
Customer Services
+44 (0) 20 8515 1480
Technical Support
+44 (0) 20 8515 1450
Please quote us your customer number 044768 when placing a query or asking for support on your report for 'GOLDPETROL JOINT OPERATING CO INC' - '177FC/1997-1998'.
The Credit Information Report supplied may in whole or part represent be compiled from or contain advice or opinions based on information and/or data supplied to Graydon by Third Party Suppliers theaccuracy or completeness of which Graydon is unable to verify in every case. Whilst Graydon will use its reasonable endeavours to ensure that such information and/or data is accurate and completeGraydon does not warrant the accuracy or completeness of any information and/or data provided to the Client or the validity of any advice or opinion contained therein and will accept no liability for any errortherein or omission there from.
End of Report
International - Full Credit Report3 June 2013 19:38:1
Hygeia Building, 66 College Road, Harrow, Middlesex HA1 1BE. United KingdomEmail: [email protected], Telephone: +44 (0) 20 8515 1420
Page 7 of 7
