MIRA INFORM REPORT

 

 

Report Date :

07.04.2011

 

IDENTIFICATION DETAILS

 

Name :

MEDAS INT'L LTD

 

 

Registered Office :

Sangkat Boeng Raing 48AEo Sang Kreach Tieng (St 222), Khan Daun Penh, Phnom Penh

 

 

Country :

Cambodia

 

 

Date of Incorporation :

01.10.2002

 

 

Legal Form :

Limited Company.

 

 

Line of Business :

Importer of Medical Equipment and Pharmaceutical Product.

 

 

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 – December 31, 2010

 

Country Name

Previous Rating

(30.09.2010)

Current Rating

(31.12.2010)

Cambodia

C1

C1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company Details

 

Organization Name

:

MEDAS INT'L LTD

Address

:

Sangkat Boeng Raing 48AEo Sang Kreach Tieng (St 222), Khan Daun Penh, Phnom Penh

Country

:

Cambodia

Phone (S)

:

[+855] 23-220795

Facsimile

:

[+855] 23-220794

Primary Business Activity

 

Importer

Key Industry

 

Medical Equipment & Pharmaceutical

 

 

Key Facts

 

Registered Legal Address

:

Sangkat Boeng Raing 48AEo Sang Kreach Tieng (St 222), Khan Daun Penh, Phnom Penh

Operational Address

:

Sangkat Boeng Raing 48AEo Sang Kreach Tieng (St 222), Khan Daun Penh, Phnom Penh

License Number

:

CO1528/02E

Legal Form

:

Limited

Operational Status of Business

:

Normal.

Date of Registration

 

1 Oct, 2002

Employees

 

3

Capital

 

US$ 4,978

 

 

Report Details

 

 

 

 

 

 

 

Country

:

Cambodia

Business Entity Name

:

MEDAS INT'L LTD

Primary Business Activity

:

Importer

Primary Industry

:

Medical Equipment & Pharmaceutical

Office Contact Details

Operating Address

:

Sangkat Boeng Raing 48AEo Sang Kreach Tieng (St 222), Khan Daun Penh, Phnom Penh

Tel

:

[+855] 23-220795

Mobile

:

[+855]-12497957

Fax

:

[+855] 23-220794

 

 

SIC PRODUCT CLASSIFICATION & ACTIVITY

 

 

Product/Service Description

Code

Activity

Pharmaceutical preparations

2834

Importing, Trading

 

 

DIRECTORS/MANAGEMENT

 

COMPANY DIRECTORS

1

 

 

Personal Unique Identifier

:

MI02881279

Name

:

Mr. Asesh Kumar

Nationality

:

Indian

 

 

NEGATIVE INFORMATION

 

Na

 

 

SHARE & SHARE CAPITAL INFORMATION

 

CAPITAL (Currency: KHR - Cambodia Riel)

Authorized Capital

:

20,000,000

 

SHAREHOLDERS

 

Total number of shareholders

:

1

Total number of shares

:

1,000

 

Currency

:

KHR - Cambodia Riel

 

No.

Shareholders

Country

Shares

Number

Amount (KHR)

%

1

Mr. Asesh Kumar

India

1,000

n/a

100.00

Total

1,000

n/a

100.00

 

Today's Exchange rate

:

1.00 KHR
Cambodia Riel

=

0.000249 USD
United States Dollars

 

 

 

PAYMENT INFORMATION

 

 

ADVERSE DATA MONITORING

 

 

 

 

DISHONORED CHECKS

 

No Record Found

 

 

DEBT

 

No Record Found

 

 

LITIGATION

 

No Record Found

 

 

PERFORMANCE DEFAULTS

 

No Record Found

 

 

ADVERSE LOCAL MEDIA COVERAGE / ADVERSE FILING HISTORY

 

No Record Found

 

 

 

PAYMENT TERMS

 

 

Selling

Type

Terms

Local

Cash on delivery (COD)

Credit - Secured with Post-dated checks 30~90 days

 

Purchasing

Type

Terms

Import

Letter of Credit (At-sight)

Telegraphic Transfer (T/T) - Executed at time of transaction

 

 

DOMESTIC SALES & PURCHASES

 

Annual Sales Analysis

Percentage

Domestic Sales

100%

International Sales (Export)

0%

 

 

Annual Purchases Analysis

Percentage

Local Purchases

0%

Imports

100%

 

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Na

 

FINANICAL INFORMATION

 

FINANCIAL STATEMENT - DETAILED

 

Based on the corporate laws of Cambodia, legal entities which are Private Company with Limited Liability are not required to make public disclosure of their annual financials. Therefore no financials are available for this entity.

 

 

ADDITIONAL INFORMATION

 

 

SIC PRODUCT CLASSIFICATION & ACTIVITY

 

 

 

Product/Service Description

Code

Activity

Pharmaceutical preparations

2834

Importing, Trading

 

 

 

 

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

 

 

 

Product/Service Description

Code

Activity

Pharmaceutical goods (specified sterile prod etc.)

3006

Importing, Trading

Pharmaceutical products

3000

Importing, Trading

 

 

CORE BUSINESS DESCRIPTION

 

Core Business

The primary business focus of MEDAS INT'L LTD is:

·                     Importing - Finished products


An integral part of the core business includes:

  • Distribution

 

Supplementary Business

 

In addition to the core business, MEDAS INT'L LTD also is engaged in the following areas of business:

  1. Trading
    • Importing - Finished products

DOMESTIC SALES & PURCHASES

 

 

 

Annual Sales Analysis

Percentage

Domestic Sales

100%

International Sales (Export)

0%

 

 

 

 

Annual Purchases Analysis

Percentage

Local Purchases

0%

Imports

100%

 

 

 

 

INTERNATIONAL TRADE : ACTIVITY & MARKETS

 

 

 

 

Country / Region

Estimated level of importance

Trading Activity

Asia / Pacific

Medium

Importing

 

 

 

 

 

OFFICE & FACILITIES

 

 

 

Name

:

MEDAS INT'L LTD - KHAN DAUN PENH, PHNOM PENH

Address

:

Sangkat Boeng Raing 48AEo Sang Kreach Tieng (St 222), Khan Daun Penh, Phnom Penh

Country

:

Cambodia

Status

:

Operational

 

 

 

REPUTATION

 

Reference checking for the purpose of establishing the MEDAS INT'L LTD's reputation within the respective industry failed to reveal any adverse information.

 

 

NOTES & COMMENTS

 

Na

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.20

UK Pound

1

Rs.72.24

Euro

1

Rs.63.09

 

 

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.