MIRA INFORM REPORT

Report Date :

15.12.2011

IDENTIFICATION DETAILS

Name :	CITI-TEX TRADING IMPORT & EXPORT CO LTD
Registered Office :	55 St 286 Olympic, Khan Chamkarmorn, Phnom Penh
Country :	Cambodia
Date of Incorporation :	07.11.2002
Legal Form :	Private Company with Limited Liability
Line of Business :	Trader of Textiles & Raw Material
No. of Employees :	10 persons

RATING & COMMENTS

MIRA’s Rating :

B

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 10,000.00
Status :	Moderate
Payment Behaviour :	No Complaints
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 – September 30^th, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
Cambodia	c1	c1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

REGISTERED NAME & COMPANY SUMMARY

Company Details

Organization Name	:	CITI-TEX TRADING IMPORT & EXPORT CO LTD
Address	:	55 St 286 Olympic, Khan Chamkarmorn, Phnom Penh
Country	:	Cambodia
Phone (S)	:	[+855] 23-218417
Facsimile	:	[+855] 23-218417
Email	:	darasam1@yahoo.com
Primary Business Activity	:	Trader
Key Industry	:	Textiles & Raw Material

Key Facts

Registered Legal Address	:	55 St 286 Olympic, Khan Chamkarmorn, Phnom Penh
Operational Address	:	55 St 286 Olympic, Khan Chamkarmorn, Phnom Penh
Issuing Authority	:	Ministry of Commerce - Commercial Registry
License Number	:	6016/02P
License Status	:	License exists - Normal.
Legal Form – Category	:	Private Company with Limited Liability
Legal Form	:	Company Limited
Legal Form - Abbreviation	:	CO LTD
Operational Status of Business	:	Normal
Date of Registration	:	7 Nov, 2002
Employees	:	10
Capital	:	US$ 4,900
Report Details

Country	:	Cambodia
Business Entity Name	:	CITI-TEX TRADING IMPORT & EXPORT CO LTD
Primary Business Activity	:	Trader
Primary Industry	:	Textiles & Raw Material
Office Contact Details
Operating Address	:	55 St 286 Olympic, Khan Chamkarmorn, Phnom Penh
Tel	:	[+855] 23-218417
Fax	:	[+855] 23-218417
Email	:	darasam1@yahoo.com

CREDIT RECOMENDATION

Current Credit Limit: USD 10,000.00  

DIRECTORS/MANAGEMENT

Key Person

Legal Title

:

Chairman

Name

:

Mr. Te-chi Heang

Nationality

:

Cambodian

COMPANY MANAGEMENT

Management Listings

	Name	Nationality	Job Description	Dept. / Division
1	Mrs. Te-sou Heang	Cambodian	Vice Chairman	-

Management Details - 1

Personal Unique Identifier	:	MI02357940
Name	:	Mrs. Te-sou Heang

COMPANY DIRECTORS

1
Personal Unique Identifier	:	MI02357939
Name	:	Mr. Te-chi Heang
Nationality	:	Cambodian
2
Personal Unique Identifier	:	MI02357940
Name	:	Mrs. Te-sou Heang
Nationality	:	Cambodian

NEGATIVE 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

SHARE & SHARE CAPITAL INFORMATION

CAPITAL (Currency: KHR - Cambodia Riel)

Authorized Capital

:

20,000,000

SHAREHOLDERS

Total number of shareholders	:	2
Total number of shares	:	1,000

No.	Shareholders	Country	Shares
			Number	Amount	%
1	Mr. Te-chi Heang	Cambodia	500	n/a	50.00
2	Mrs. Te-sou Heang	Cambodia	500	n/a	50.00
Total			1,000	n/a	100.00

Based on corporate statutory laws /regulations in Cambodia, there is no requirement for public disclosure of Shareholders. In this case, the Shareholder information was supplied by the Subject Business Entity.
However in the absence of data normally obtained from local Statutory Authorities, it is not possible to verify the accuracy of data supplied and hence is provided as reference ONLY.

PAYMENT INFORMATION

DOMESTIC SALES & PURCHASES

Annual Sales Analysis	Percentage
Domestic Sales	80%
International Sales (Export)	20%

Annual Purchases Analysis	Percentage
Local Purchases	70%
Imports	30%

PAYMENT TERMS

Selling

Type	Terms
Local	Cash on delivery (COD) Credit - Secured with Post-dated checks 30~60 days
Export	Letter of Credit (At-sight) Telegraphic Transfer (T/T) - Received at time of transaction

Purchasing

Type	Terms
Local	Cash on delivery (COD) Credit - Secured with Post-dated checks 30~60 days
Import	Letter of Credit (At-sight) Telegraphic Transfer (T/T) - Executed at time of transaction

GROUP STRUCTURE & AFFILIATED COMPANIES

Na

FINANCIAL 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.

FOREIGN EXCHANGE RATES

Na

ADDITIONAL INFORMATION

SIC PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description	Code	Activity
Fabricated textile products, nspf	2399	Trading

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description	Code	Activity
Textile products etc. for specific tech uses	5911	Trading

CORE BUSINESS DESCRIPTION

Core Business

The primary business focus of CITI-TEX TRADING IMPORT & EXPORT CO LTD is:

General trading

Supplementary Business

In addition to the core business, CITI-TEX TRADING IMPORT & EXPORT CO LTD also is engaged in the following areas of business:

Exporting

Exporting - Finished products

Importing

Importing - Finished products

REPUTATION
Reference checking for the purpose of establishing the CITI-TEX TRADING IMPORT & EXPORT CO LTD's reputation within the respective industry failed to reveal any adverse information.
	INTERNATIONAL TRADE : ACTIVITY & MARKETS

Country / Region	Estimated level of importance	Trading Activity
Asia / Pacific	Medium	Importing, Exporting

OFFICE & FACILITIES

Name	:	CITI-TEX TRADING IMPORT & EXPORT CO LTD - KHAN CHAMKARMORN, PHNOM PENH
Type of Location	:	Commercial
Address	:	55 St 286 Olympic, Khan Chamkarmorn, Phnom Penh
Country	:	Cambodia
Ownership of Property	:	Rented / Leased
Status	:	Operational

NOTES & COMMENTS

Na

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.53.58
UK Pound	1	Rs.82.97
Euro	1	Rs.69.89

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.