MIRA INFORM REPORT

 

 

Report Date :           

17.01.2012

 

IDENTIFICATION DETAILS

 

Name :

HEN CHEN INVESTMENT CO LTD

 

 

Formerly Known As :

HENG CHEN PESTICID IMPORT EXPORT CO LTD        

 

 

Registered Office :

125 St 357 Sangkat Chbar Ampoeuv2, Khan Meanchey, Phnom Penh

 

 

Country :

Cambodia

 

 

Date of Incorporation :

11.04.2000

 

 

Legal Form :

Private Company with Limited Liability

 

 

Line of Business :

Importer of Agricultural Products

 

 

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

 

Maximum Credit Limit :

USD 15,000.00

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 30th, 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

:

HEN CHEN INVESTMENT CO LTD

Address

:

125 St 357 Sangkat Chbar Ampoeuv2, Khan Meanchey, Phnom Penh

Country

:

Cambodia

Phone (S)

:

[+855] 23-6579777

Facsimile

:

[+855] 23-950177

Email

:

hcpesco@yahoo.com

Primary Business Activity

:

Importer

Key Industry

:

Agricultural Products

 

Registered Legal Address

:

125 St 357 Sangkat Chbar Ampoeuv2, Khan Meanchey, Phnom Penh

Operational Address

:

125 St 357 Sangkat Chbar Ampoeuv2, Khan Meanchey, Phnom Penh

Name History

:

Business Entity Name                                                         Effective Date

HENG CHEN PESTICID IMPORT EXPORT CO LTD         11 Apr, 2000

HEN CHEN INVESTMENT CO LTD                                     Jan, 2011

Issuing Authority

:

Ministry of Commerce - Commercial Registry

License Number

:

1287/00P

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

:

11 Apr, 2000

Employees

:

10

Capital

:

US$ 4,950

Note

:

Periodic /quarterly

 

Country

:

Cambodia

Business Entity Name

:

HEN CHEN INVESTMENT CO LTD

Primary Business Activity

:

Importer

Primary Industry

:

Agricultural Products

Office Contact Details

Operating Address

:

125 St 357 Sangkat Chbar Ampoeuv2, Khan Meanchey, Phnom Penh

Tel

:

[+855] 23-6579777

Mobile

:

[+855]-883399889

 

:

[+855]-976123777

Fax

:

[+855] 23-950177

Email

:

hcpesco@yahoo.com

 

 

CREDIT RECOMENDATION

 

Current Credit Limit: USD 15,000.00  based on  90 days

 

 

DIRECTORS/MANAGEMENT

 

COMPANY DIRECTORS

1

 

 

Personal Unique Identifier

:

MI03063253

Name

:

Mr. Chen Heng

Nationality

:

Cambodian

 

2

 

 

Personal Unique Identifier

:

MI03063256

Name

:

Mr. Samros Poeuv

Nationality

:

Cambodian

Date of Appointment

:

20 Sep, 2005

 

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

:

20,000,008

 

Date

Authorized Capital - History

20 Sep, 2005

4,000,000,000

2008

20,000,008

SHAREHOLDERS

 

 

Total number of shareholders

:

6

Total number of shares

:

1,000

 

Currency

:

KHR - Cambodia Riel

 

No.

Shareholders

Country

Shares

Number

Amount (KHR)

%

1

Mr. Chen Heng

Cambodia

200

n/a

20.00

2

Mr. Kim Hav Heng

Cambodia

160

n/a

16.00

3

Mr. Kim Hour Heng

Cambodia

160

n/a

16.00

4

Mrs. Kim Heang Heng

Cambodia

160

n/a

16.00

5

Mrs. Kim Tour Heng

Cambodia

160

n/a

16.00

6

Mrs. Kim Yeav Heng

Cambodia

160

n/a

16.00

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 - Unsecured 30~60 days

 

Purchasing

Type

Terms

Local

Cash on delivery (COD)

Credit - Unsecured 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

Agricultural Services

0700

Service

Agricultural pesticides and other agricultural chemicals, nspf

2879

Importing, Trading

Chemicals and fertilizer minerals

1479

Importing, Trading

Farm Supplies

5191

Importing, Trading

Holding & Investment Offices

6700

Service

 

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

 

 

 

Product/Service Description

Code

Activity

Agric, construction, trans, electric/ gas/ sanitary, eng & mgmt & envir.quality

9800

Service

Business services, health, financial/insur. legal/real estate, hotels, and misc repairs

9900

Service

Fertilizers

3105900000

Importing, Trading

Pesticides

2909303000

Importing, Trading

Seeds, fruit and spores, for sowing

1209

Importing, Trading

 

 

 

 

DETAILED PRODUCT CLASSIFICATION & ACTIVITY

 

 

 

Products / Materials / Services Description

Ranking

Activity

Agricultural

Secondary

Service

Investment

Secondary

Service

 

CORE BUSINESS DESCRIPTION

 

Core Business

The primary business focus of HEN CHEN INVESTMENT CO LTD is:

·                     Importing - Finished products


An integral part of the core business includes:

·                     Distribution

 

Supplementary Business

 

In addition to the core business, HEN CHEN INVESTMENT CO LTD also is engaged in the following areas of business:

  1. Service
    • Specialized professional services
      • Agricultural
      • Investment

 

 

 

 

DOMESTIC SALES & PURCHASES

 

 

 

Annual Sales Analysis

Percentage

Domestic Sales

100%

 

 

 

 

Annual Purchases Analysis

Percentage

Local Purchases

40%

Imports

60%

 

REPUTATION

 

 

 

Reference checking for the purpose of establishing the HEN CHEN INVESTMENT 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

 

 

 

 

OFFICE & FACILITIES

 

 

 

Name

:

HEN CHEN INVESTMENT CO LTD - KHAN MEANCHEY, PHNOM PENH

Address

:

125 St 357 Sangkat Chbar Ampoeuv2, Khan Meanchey, Phnom Penh

Country

:

Cambodia

Status

:

Operational

 

 

NOTES & COMMENTS

 

Na

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.65

UK Pound

1

Rs.79.09

Euro

1

Rs.65.32

 

 

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.