MIRA INFORM REPORT

 

 

Report Date :

01.02.2012

 

IDENTIFICATION DETAILS

 

Name :

PHAREXIM LTD

 

 

Registered Office :

53 St 88 Sangkat Wat Phnom Khan Daun Penh, Phnom Penh

 

 

Country :

Cambodia

 

 

Date of Incorporation :

19.03.2004

 

 

Legal Form :

Private Company with Limited Liability

 

 

Line of Business :

Importer of Medical Equipment & Pharmaceutical

 

 

No. of Employees :

10

 

 

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 :

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, 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

:

PHAREXIM LTD

Address

:

53 St 88 Sangkat Wat Phnom Khan Daun Penh, Phnom Penh

Country

:

Cambodia

Email

:

pharexim@online.com.kh

Primary Business Activity

:

Importer

Key Industry

:

Medical Equipment & Pharmaceutical

Registered Legal Address

:

53 St 88 Sangkat Wat Phnom Khan Daun Penh, Phnom Penh

Operational Address

:

53 St 88 Sangkat Wat Phnom Khan Daun Penh, Phnom Penh

Issuing Authority

:

Ministry of Commerce - Commercial Registry - National

License Number

:

6741/04P

License Status

:

License exists - Normal.

Legal Form - Category

:

Private Company with Limited Liability

Legal Form

:

Limited

Legal Form - Abbreviation

:

LTD

Operational Status of Business

:

Normal

Date of Registration

:

19 Mar, 2004

Employees

:

10

Capital

:

US$ 4,950

 

Country

:

Cambodia

Business Entity Name

:

PHAREXIM LTD

Primary Business Activity

:

Importer

Primary Industry

:

Medical Equipment & Pharmaceutical

Office Contact Details

Operating Address

:

53 St 88 Sangkat Wat Phnom Khan Daun Penh, Phnom Penh

Mobile

:

[+855]-12940085 (*)

Email

:

pharexim@online.com.kh

 

DIRECTORS/MANAGEMENT

 

COMPANY MANAGEMENT

 

Management Listings

 

Name

Nationality

Job Description

Dept. / Division

1

Mrs. Chheang Sopheap

Cambodian

Partner

-

 

Management Details - 1

Personal Unique Identifier

:

MI03072765

Name

:

Mrs. Chheang Sopheap

 

 

 

COMPANY DIRECTORS

1

 

 

Personal Unique Identifier

:

MI03072737

Name

:

Mr. Lok Saphy

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

 

Currency

:

KHR - Cambodia Riel

 

No.

Shareholders

Country

Shares

Number

Amount (KHR)

%

1

Mr. Lok Saphy

Cambodia

600

n/a

60.00

2

Mrs. Chheang Sopheap

Cambodia

400

n/a

40.00

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

 

PAYMENT TERMS

 

Selling

Type

Terms

Local

Cash on delivery (COD)

Credit - Secured with Post-dated checks 30~60 days

 

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

 

Today's Exchange rate

:

1.00 KHR
Cambodia Riel

=

0.000248 USD
United States Dollars

 

ADDITIONAL INFORMATION

 

SIC PRODUCT CLASSIFICATION & ACTIVITY

 

Product/Service Description

Code

Activity

Medicinals and botanicals

2833

Importing, Trading

Pharmaceutical preparations

2834

Importing, Trading

 

 

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

 

Product/Service Description

Code

Activity

Medicaments nesoi, mixed or not, in dosage etc form

3004

Importing, Trading

Pharmaceutical goods (specified sterile prod etc.)

3006

Importing, Trading

Pharmaceutical products

3000

Importing, Trading

 

 

CORE BUSINESS DESCRIPTION

 

Core Business

The primary business focus of PHAREXIM LTD is Importing - Finished products.

An integral part of the core business includes:

·                     Distribution

 

Supplementary Business

In addition to the core business, PHAREXIM LTD also is engaged in the following areas of business:

  1. Trading
    • General trading - Finished products

 

 

DOMESTIC SALES & PURCHASES

 

Annual Sales Analysis

Percentage

Domestic Sales

100%

 

 

Annual Purchases Analysis

Percentage

Local Purchases

10%

Imports

90%

 

INTERNATIONAL TRADE : ACTIVITY & MARKETS

 

 

 

 

Country / Region

Estimated level of importance

Trading Activity

Asia / Pacific

Medium

Importing

 

 

OFFICE & FACILITIES

 

Name

:

PHAREXIM LTD - PHNOM PENH

Address

:

53 St 88 Sangkat Wat Phnom Khan Daun Penh, Phnom Penh

Country

:

Cambodia

Status

:

Operational

 

 

 

 

NOTES & COMMENTS

 

Note (*):

There exists no known land telephone line that is being used by the Subject Business Entity (SBE) in connection to their business, which is uncommon in normal / regular businesses. The SBE ONLY operates using a Mobile phone as the primary point of contact.
In such scenarios, there is no ability to legally associate any relationship between the SBE and the person/s answering the mobile phone.
Caution is advised.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.68

UK Pound

1

Rs.78.17

Euro

1

Rs.65.52

 

 

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.