MIRA
INFORM REPORT
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Report Date : |
29.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
LUCKY GLOBAL CORPORATION COMPANY LIMITED |
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Formerly Known As : |
LUCKY PLASTICS AND CHEMICALS COMPANY LIMITED |
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Registered Office : |
No. 104, Kundrathur Main Road, Gerugambakkam, Chennai-602 101 |
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Country : |
India |
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Date of Incorporation : |
01.04.2006 |
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Com. Reg. No.: |
F03206 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
CHEL02218G |
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PAN No.: [Permanent
Account No.] |
AAACL6487B |
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Legal Form : |
A Closely held Public Limited Liability Company. |
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Line of Business : |
Manufacturer, Importer and Exporter of Textiles, Real Estate, Construction
and Management of Assets, Portfolio Management, Financing, Marketing Building
Products and Trading in PVC Resin, Plastics and Chemicals. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Foreign Registered Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is an Indian branch office at Lucky Plastics and Chemicals
Company Limited, Thailand. Nothing adverse reported. The company is not been
registered in India yet. It would be advisable to obtain the guarantee from its parent company
while dealing with the subject. |
LOCATIONS
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Registered Office : |
No. 104, Kundrathur Main Road, Gerugambakkam, Chennai-602 101 |
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Tel. No.: |
91-44-23820046 |
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Fax No.: |
91-44-23820265 |
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E-Mail : |
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Website : |
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Overseas Office : |
901, B.C. Building 6B 6th Floor, Mahachak Road, Chakawat,
Samphuntawongse, Bangkok-101 00, Thailand. |
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Tel. No.: |
91-662-6229270 |
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Fax No.: |
91-662-6229278 |
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E-Mail : |
DIRECTORS
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Name : |
Mr. Kamol PhichitSingh |
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Designation : |
Director |
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Address : |
80, Sukhumvit 23(Prasanmit) Alley, Sukhumvit Road, Khlong Towi Sub
district, Khlong, Toei District, Bangkok Metroplis |
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Name : |
Mr. Sukit PhichitSingh |
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Designation : |
Director |
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Address : |
80, Sukhumvit 23, (Prasanmit) alley, Sukhumvit Road, Khlong Towi Sub
District, Khlong Toei District, Bangkok Metropolis. |
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Name : |
Mr. Anant PhichitSingh |
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Designation : |
Director |
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Address : |
80, Sukhumvit 23, (Prasanmit) Alley, Sukhumvit Road, Khlong Towi Sub
District, Khlong Toei District, Bangkok Metropolis |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Importer and Exporter of Textiles, Real Estate, Construction
and Management of Assets, Portfolio Management, Financing, Marketing Building
Products and Trading in PVC Resin, Plastics and Chemicals. |
GENERAL
INFORMATION
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Customers : |
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FINANCIAL DATA
[all figures are in Rupees Millions]
Not Available.
LOCAL AGENCY
FURTHER INFORMATION
As per Web
Details:
Lucky Impex Group (Subject is a part of Lucky Impex Group) is one of Thailand’s oldest and prestigious trading companies. The company was started in 1940 as a textile business house in Bangkok, Thailand. The company is known for honoring its commitments, words and deeds. Lucky Impex Group built up a strong reputation over a period of time based on trust and performance. The group diversified into conversion, imports, exports & manufacturing (the group owns a state of the art modern textile spinning mills in Thailand manufacturing 1,600 M.Tons of spun yarn per month) of Textiles, Real estate, construction and management of assets, portfolio management, financing, marketing building products and trading in PVC Resin, plastics and chemicals. The company expanded its operations by opening offices in Singapore, Australia, Indonesia & India. The company has 6 decades of experience in trading various products in international markets. Subject is a full fledged service industry and trading company offering services to manufacturers, traders and end users whatever the product or wherever the market.
Subject, was formed in the year 2001 to cater to the demands of the Indian
Industry by bridging international borders. The company trades between Japan,
Thailand, Malaysia, Taiwan & Singapore. They are committed to providing
their clients with access to a courteous, efficient staff that place high value
on honesty, integrity and professional service. They feel confident that the
teams of individuals working at subject are unsurpassed in their dedication to
service and quality.
Subject offers the services of a trusted and integrated trading company with a
strong distribution network in India having offices in Bangalore, Hyderabad,
Mumbai, New Delhi, Kolkata & Ahmedabad. They are determined to provide
highest levels of customer satisfaction.
The group is mainly trading into Building Products such as Acoustical Ceilings,
Wooden Floorings, Gypsum Ceilings & Profiles for Wooden Floorings. The
group has grown into a virtual trading giant with interests expanding into
Textiles, Chemicals etc.
Test
Certificates:
- NRC
Repoprt For New NDF / Constellation
- NRC Report
For Venus III
- NRC Report
For Venus III (Graph)
- Report On
Acoustical Materials
- Report On
Fire Propagation Test
- Report On
Surface Spread Of Flame Test.
CMT REPORT
(Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l Anti-Money
Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE
GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws, regulations
or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.39.44 |
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UK Pound |
1 |
Rs.78.73 |
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Euro |
1 |
Rs.57.69 |
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 and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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