MIRA
INFORM REPORT
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Report Date : |
09.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
CUREWEL INTERNATIONAL CO LTD |
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Registered Office : |
No 34 Chakrey Ponn Street 208 Sangket Boeung Raing Khan Daun
Penhphnom Penh |
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Country : |
Cambodia |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
25.10.2000 |
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Com. Reg. No.: |
KMR 3910 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importers, Agents, Distributors, Marketing, Stockiest and General Merchant of
Pharmaceutical, Cosmetics Health Products etc |
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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Maximum Credit Limit : |
[USD] 70000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company Name & Address
CUREWEL INTERNATIONAL CO LTD
NO 34 CHAKREY PONN STREET 208
SANGKET BOEUNG RAING KHAN DAUN PENH
PHNOM PENH CAMBODIA
Registered address AT HEADING ADDRESS
Operating Address AT HEADING ADDRESS
Telephone 855 23 210422
Fax 855
23 210490
Telex NONE
Branches NONE
Factory NONE
summary
Date, Established 25
10 2000
Incorporation No KMR
3910 DATED 25 10 2000
Legal Status PRIVATE LIMITED
COMPANY
Businesses
SUBJECT IS AN IMPORTERS AGENTS
DISTRIBUTORS MARKETING STOCKIST AND GENERAL MERCHANT OF PHARMACEUTICAL,
COSMETICS HEALTH PRODUCTS AND FOOD SUPPLEMENTS DRUGS PROPRIETARIES DRUGGISTS
SUNDRIES ALL SORTS SPECIALITIES PREPARATION AND CHEMICALS INCLUDING MEDICAL
SURGICAL CLINICAL EQUIPMENT AND INSTRUMENT OF FRANCE INDIA AND USA
Board of Directors
OGIE PAGGING - PRESIDENT
FRITZ KOHRLACHER
ROLF STEVENFEN
SOUK TAMARA LI
Bankers
CAMBODIAN COMMERCIAL BANK LTD PHNOM PENH
Payments
PROMPT
Financial Position
VERY GOOD ADEQUATE RESOURCES AVAILABLE
Shareholders
OGIE PAGGING 40 FRITZ KOHRLACHER 40 SOUK TAMARA LIE 20%
Associates
NONE
History
REPUTED CO
Buying/Selling term
PER 100% IRREVOCABLE AND CONFIRMED L/C AT SIGHT DRWAN BASIS
Credit Maximum
[USD] 70000 CAN BE GRANTED
ON AGREED SECURED AND PROTECTED TERM
Imports from
WORLDWIDE
Export to
NONE
Court, bad credit
LEARNT NO COURT ARBITRATION, NON-PAYMENT OR LOANS DISPUTES
Financial Information
BEING PRIVATE LTD COY FINANCIAL STATEMENT
NEED NOT BE FILED
Agency
NONE
Trade Suppliers
NONE
Premises
RENTED BASIS
Employs
35 +
Member
OF A LOCAL CHAMBER OF COMMERCE AND OTHER TRADE ASSOCIATIONS
Sources
REPORT IS PRODUCED FROM COLLECTIVE RESULTS OF LOCAL AGENTS
Remarks
SUBJECT IS CONSIDERED TO BE GOOD FOR ANY NORMAL BUSINESS ENGAGEMENT
Additional info
THERE MAY BE CHANGED IN MANAGEMENT AND SHAREHOLDERS IN NEAR SOON
CAPITAL
AS AT 31
12 2007 IN KHR / MILLION [ABRIDGED & UNAUDITED]
CAPITAL & RESERVES 690.50
CURRENT LIABILITIES 375.80
DEFERRED & OTHER LIABILTIES 1085.10
2151.40
FIXED ASSETS 700.00
ADVANCES 255.65
OTHER ASSETS 595.40
LIQUID ASSETS 600.35
2151.40
TURNOVER APPROX 7500.00
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.22 |
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UK Pound |
1 |
Rs.73.03 |
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Euro |
1 |
Rs.63.14 |
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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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%)