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MIRA INFORM REPORT
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Report No. : |
485653 |
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Report Date : |
19.01.2018 |
IDENTIFICATION DETAILS
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Name : |
LUMA SYSTEM CO LTD |
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Registered Office : |
120 St 103 Phsar Deurm Thkov, Khan
Chamkarmon, Phnom Penh |
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Country : |
Cambodia |
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Date of Incorporation : |
24.05.2017 |
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Com. Reg. No.: |
00025451 |
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Legal Form : |
Private Company with Limited Liability |
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Line of Business : |
Subject is engaged in Computer programming activities |
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No. of Employees : |
22 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
NB |
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Credit Rating |
Explanation |
Rating Comments |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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Status : |
New Business |
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Payment Behaviour : |
Unknown |
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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 (30.06.2017) |
Current Rating (30.09.2017) |
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Cambodia |
B2 |
B2 |
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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 |
CAMBODIA - ECONOMIC OVERVIEW
Cambodia has experienced strong economic growth over the last decade; GDP grew at an average annual rate of over 8% between 2000 and 2010 and at least 7% since 2011. The tourism, garment, construction and real estate, and agriculture sectors accounted for the bulk of growth. Around 600,000 people, the majority of whom are women, are employed in the garment and footwear sector. An additional 500,000 Cambodians are employed in the tourism sector, and a further 50,000 people in construction. Tourism has continued to grow rapidly with foreign arrivals exceeding 2 million per year since 2007 and reaching around 4.5 million visitors in 2014. Mining also is attracting some investor interest and the government has touted opportunities for mining bauxite, gold, iron and gems.
Cambodia remains one of the poorest countries in Asia and long-term economic development remains a daunting challenge, inhibited by endemic corruption, limited human resources, high income inequality, and poor job prospects. As of 2012, approximately 2.66 million people live on less than $1.20 per day, and 37% of Cambodian children under the age of 5 suffer from chronic malnutrition. More than 50% of the population is less than 25 years old. The population lacks education and productive skills, particularly in the impoverished countryside, which also lacks basic infrastructure.
The World Bank in 2016 formally reclassified Cambodia as a lower middle-income country as a result of continued rapid economic growth over the past several years. Cambodia’s graduation from a low-income country will reduce its eligibility for foreign assistance and will challenge the government to seek new sources of financing in 2017. The Cambodian Government has been working with bilateral and multilateral donors, including the Asian Development Bank, the World Bank and IMF, to address the country's many pressing needs; more than 30% of the government budget comes from donor assistance. A major economic challenge for Cambodia over the next decade will be fashioning an economic environment in which the private sector can create enough jobs to handle Cambodia's demographic imbalance.
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Source
: CIA |
Company Summary
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Business Name |
LUMA
SYSTEM CO LTD |
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Country |
CAMBODIA |
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Company Registration Number |
00025451 |
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Main Activity Code |
6201 |
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Main Activity Description |
Computer
programming activities |
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Company Status |
Normal
(Active) |
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Latest Turnover Figure - |
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Latest Shareholder Equity Figure - |
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Basic Information
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Business Name |
LUMA
SYSTEM CO LTD |
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Registered Company Name |
LUMA
SYSTEM CO LTD |
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Company Registration Number |
00025451 |
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Country |
CAMBODIA |
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VAT Registration Number |
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VAT Registration Date |
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Date of Company Registration |
2017-05-24 |
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Date of Starting Operations |
2017-05-24 |
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Commercial Court |
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Legal Form |
Private
Company with Limited Liability |
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Type of Ownership |
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Company Status |
Normal
(Active) |
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Principal Activity Code |
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Principal Activity Description |
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Contact Telephone Number |
[+855]-95232422,
[+855]-17989888 |
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Main Address
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Address |
Country |
Telephone |
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120
St 103 Phsar Deurm Thkov, Khan Chamkarmon, Phnom Penh CAMBODIA |
[+855]-95232422,
[+855]-17989888 |
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Other Address
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Address |
Country |
Telephone |
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No
other addresses for this company. |
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Previous Address
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Address |
Country |
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No
previous addresses for this company. |
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Activities
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Activity Code Activity
Description |
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6201 Computer programming activities |
Email
Addresses
Web
Pages
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No web pages for this company. |
Employee
Information
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Date Reported Number of Employees |
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2018 22 |
Banker
Information
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Banker Name Banker Address Phone Number |
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No banker information for this company. |
Advisors
Information
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Auditor Name Solicitor
Name |
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No advisor information for this company. |
Miscellaneous
Information
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Fax Number |
N/A |
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Export Countries |
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Import Countries |
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Additional Business Information |
Core Business: The primary business focus of LUMA SYSTEM
CO LTD is Specialized professional services, including: Computer services.
Key services include: Computer programming, Computer system integration,
Computer solutions, Information technology consult, Network security,
Software publishing. |
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Additional Rating Information |
Fair Credit Quality: Credit can proceed but with
recommended with partial collateral. Revision of Credit Limit: Periodic
/quarterly. Risk Index: High. |
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Additional Payment Information |
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Additional Financial Information |
Based on the corporate laws of Cambodia, legal
entities which are a Private Company with Limited Liability are not required
to make public disclosure of their annual financials. Therefore no financials
are available for this entity. |
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Number of Employees at Address |
22 |
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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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Issuing Authority |
Ministry Of Commerce - Commercial Registry (Moc) |
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Note |
(1) Fixed land telephone lines in Cambodia do
exist and are used. However, the telecommunications network and
infrastructure that supports land telephone lines is exceptionally dated, and
incapable of handling the current market demand for commercial use. Therefore
through necessity, a large number of companies in Cambodia are obliged to
rely on use of cellular and mobile phone networks. |
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Reputation |
Due to the recent incorporation of the LUMA SYSTEM
CO LTD, and the relatively small nature of its business, no meaningful points
of reference in terms of reputation within the respective industry was
possible. |
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Nega-Scan - Adverse Data Monitoring |
Dishonored Checks, Debt, Civil Litigation,
Performance Defaults, Adverse Local Media Coverage / Adverse Filing History:
No Record Found. |
Financial
Information
No financial information for this company.
Current
Directors
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Name |
Gender |
Address |
Date of Birth |
Position |
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Chum Borey |
Male |
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Chairman |
Previous
Directors
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Name |
Gender |
Address |
Date of Birth |
Position |
Resignation Date |
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No previous directors for this company. |
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Share
Capital Structure
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Nominal Share Capital 20.000.000 |
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Issued Share Capital |
Shareholders
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Shareholder |
Address |
% Shares Held |
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Mr. Chum Borey |
Cambodia |
100 |
Group
Structure
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No group structure information for this company |
Negative
Information
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No negative information for this company |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.84 |
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1 |
INR 88.28 |
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Euro |
1 |
INR 77.88 |
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KHR |
1 |
INR 0.016 |
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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NIY |
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Report Prepared
by : |
DNS |
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
·
Company
background and operations size
·
Promoters
/ Management background
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Payment
record
·
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.