According to the bank document, "the proposed investment is an A loan to Moon Princess Company Limited, (the Company). The Project comprises financing the working capital needs of the Company’s existing two-wheeler distribution business and the purchase of three-wheelers for distribution to Oway Group (Oway), a travel services start-up and an IFC’s existing client (the Project)".
The Project’s cost is estimated to US$7.0 million, and IFC is considering the provision of an A loan of up to US$5 million to support the Project.
The Company is a wholly-owned subsidiary of Agrocorp International Pte Ltd (Agrocorp) which controls and operates Moon Princess.
Agrocorp is a Singapore-based agri-commodity trader. Agrocorp is owned and managed by Vijay Iyengar, Akila Iyengar and Ravi Raghavan, with the second-generation family members taking active roles in management.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||Agrocorp International Pte Ltd||Parent Company||-|
|-||-||-||-||MOON PRINCESS COMPANY LIMITED||Client||-|
1/ The Project Contact
Moon Princess Company Limited
+951 911 0426
#04-503 Nawarat Centre, No. 186, 52 Street, Pazundaung Township (11171), Yangon, Myanmar
2/ The IFC Contact
General IFC Inquiries
2121 Pennsylvania Avenue, NW
Washington DC 20433
3/Local Access for Project Documentation
#04-503 Nawarat Centre, No. 186, 52 Street
Pazundaung Township (11171), Yangon, Myanmar
ACCESS TO INFORMATION
You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries
If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.
ACCOUNTABILITY MECHANISM OF IFC/MIGA
The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org