MIRA INFORM REPORT

 

 

Report No. :

348549

Report Date :

10.11.2015

 

IDENTIFICATION DETAILS

 

Name :

LUCKY ASIA INTERNATIONAL CO., LTD.

 

 

Registered Office :

No.64 (G/F), Ye Gyaw Road, 11171 Pazundaung Township, Yangon

 

 

Country :

Myanmar

 

 

Date of Incorporation :

13.07.2000

 

 

Legal Form :

Company Limited by Shares

 

 

Line of Business :

Manufacturing, Import, Export and Trading of Pharmaceutical Products, Surgical Products, Broom Sticks and Chickpeas.

 

 

No. of Employees :

65

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

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 – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

Myanmar

B1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

 

REGISTERED NAME & COMPANY SUMMARY

 

LUCKY ASIA INTERNATIONAL CO., LTD.

 

ADDRESSES:

Main Address:               No.64 (G/F), Ye Gyaw Road

Zip code/City:               11171 Pazundaung Township, Yangon, Myanmar

Telephone:                    +95 01 295453

                                    +95 01 200278

+95 973207336

 

Web site:                      -

WIN Worldbox No.:       MM0000059902

 

 

PROFILE:

Established:                  2000

Line of Business:          Pharmaceutics, Consumer goods wholesale

Industry Division:          Manufacturing, Wholesale trade

Industry-code (NACE):   2110 Manufacture of basic pharmaceutical products

                                    4646 Wholesale of pharmaceutical goods

                                    4690 Non-specialised wholesale trade

Banks:                          unknown

Employees:                  65

CNPJ:                           -

 

 

DIRECTORS/MANAGEMENT

 

Board of Directors:

Director            U Aung Myint

            Residential address: Myanmar

            Id: 12/PAZATA(NAING)002744

Director            U Ganay Sha

            Residential address: Myanmar

            Id: 12/PAZATA(NAING)027278

Director            U Mya Win

            Professional address: Myanmar

            Id: 12/PAZATA(NAING)000085

Director            U Nay Tun

            Professional address: Myanmar

            Id: 12/MAGADA(NAING)127088

Director            U Thein Tun

            Professional address: Myanmar

            Id: DLA()015675

 

 

NEGATIVE INFORMATION

 

Public information:

No legal information is available.

 

 

SHARE & SHARE CAPITAL INFORMATION

 

State Register:                          514/200-2001

Legal form:                               Company limited by shares

Incorporation date:                    13.07.2000

Balance sheet filing date:           -

Tax Contributor Number (CNPJ):-

Legal status:                             active

Responsible Register:               State Register of Myanmar

 

Entry    Deleted Name

active               Lucky Asia International Co., Ltd.

 

Entry    Deleted Legal domicile

active               Pazundaung Township, Myanmar

 

Entry    Deleted Address

active               No.64(G/F),Ye Gyaw Road, 11171 Pazundaung Township, Yangon, Myanmar/MM

 

 

Sanctions List

The company is not listed on the WorldCompliance Database.

 

 

PAYMENT INFORMATION

 

Import and Export:

Import, Export

 

Payment history:

No payment history is available.

 

Owners/-s:

Class:   50-100%

Name:   U Mya Win

City/Country:     Myanmar/MM

Interest:            90,96% voting right, 90,96% capital interest

 

Class:   0-9%

Name:   U Aung Myint

City/Country:     Myanmar/MM

Interest:            4,40% voting right, 4,40% capital interest

 

Class:   0-9%

Name:   U Ganay Sha

City/Country:     Myanmar/MM

Interest:            4,14% voting right, 4,14% capital interest

 

Class:   0-9%

Name:   U Nay Tun

City/Country:     Myanmar/MM

Interest:            0,26% voting right, 0,26% capital interest

 

Class:   0-9%

Name:   U Soe Aung

City/Country:     Myanmar/MM

Interest:            0,26% voting right, 0,26% capital interest

 

Related companies:

Indigo Biologicals LLP, India

 

 

FINANCIAL INFORMATION

 

Financial information:

Private companies in Myanmar are not required to disclose financial statements.

 

 

FOREIGN EXCHANGE RATES

 

Exchange rate:

US$ 1,00  =  MMK 1,257.20                               -  Official rate on 09.11.2015

 

 

ADDITIONAL INFORMATION

 

Main Activities:

 

The company is engaged in manufacturing, import, export and trading of of pharmaceutical products, surgical products, broom sticks and chickpeas.

 

The company imports from India and Switzerland and exports to India.

 

Operations and Branches:

 

At the address, No.64(G/F),Ye Gyaw Road, Pazundaung Township, Yangon, Myanmar, we find the company's head office.

 

 

Addtional contacts:

Tel: +95 59518588

Mobile: +95 9970197575

 

Staff:

65

 

 

NOTES & COMMENTS

 

-------

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.66.34

UK Pound

1

Rs.100.03

Euro

1

Rs.71.45

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

NIT

 

               

RATING EXPLANATIONS

 

RATING

STATUS

PROPOSED CREDIT LINE

 

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

 

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

 

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

 

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

 

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

 

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

 

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

Credit not recommended

 

--

NB

New Business

--

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.