MIRA INFORM REPORT

Report Date :

20.02.2013

IDENTIFICATION DETAILS

Name :	GALEY GLOBAL CAMBODIA CO LTD
Registered Office :	Ssez Industrial Park Mondol 1 Sangkat 1 Khan Mittapheap, Sihanoukville
Country :	Cambodia
Date of Incorporation :	03.03.2011
Legal Form :	Company Limited
Line of Business :	Manufacturer of Garments and Accessories
No. of Employees :	2,221

RATING & COMMENTS

MIRA’s Rating :

Ba

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory
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 – June 30^th, 2012

Country Name	Previous Rating (31.03.2012)	Current Rating (30.06.2012)
Cambodia	C1	C1

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

CAMBODIA - ECONOMIC OVERVIEW

Since 2004, garments, construction, agriculture, and tourism have driven Cambodia's growth. GDP climbed more than 6% per year between 2010 and 2012. The garment industry currently employs more than 335,000 people and accounts for more than 75% of Cambodia's total exports. In 2005, exploitable oil deposits were found beneath Cambodia's territorial waters, representing a potential revenue stream for the government, if commercial extraction becomes feasible. Mining also is attracting some investor interest and the government has touted opportunities for mining bauxite, gold, iron and gems. The tourism industry has continued to grow rapidly with foreign arrivals exceeding 2 million per year since 2007. Cambodia, nevertheless, remains one of the poorest countries in Asia and long-term economic development remains a daunting challenge, inhibited by endemic corruption, limited educational opportunities, high income inequality, and poor job prospects. Approximately 4 million people live on less than $1.25 per day and 37% of Cambodian children under the age of 5 suffer from chronic malnutrition. More than 50% of the population is less than 25 years old. The population lacks education and productive skills, particularly in the impoverished countryside, which also lacks basic infrastructure. The Cambodian government is working with bilateral and multilateral donors, including the World Bank and IMF, to address the country's many pressing needs; more than 50% of the government budget comes from donor assistance. The major economic challenge for Cambodia over the next decade will be fashioning an economic environment in which the private sector can create enough jobs to handle Cambodia's demographic imbalance.

Source : CIA

REGISTERED NAME & COMPANY SUMMARY

Organization Name	:	GALEY GLOBAL CAMBODIA CO LTD
Address	:	Sihanouk Vill Special Economic Zone Phum Pou Thoeung Sangkat Bit Traing & Phum Smach Den, Sihanoukville
Country	:	Cambodia
Phone (S)	:	[+855] 34-6666371
Facsimile	:	[+855] 34-6666372
Email	:	kong.sok@galeyglobalcambodia.com
Primary Business Activity	:	Manufacturer
Key Industry	:	Garments & Accessories

Registered Legal Address	:	Ssez Industrial Park Mondol 1 Sangkat 1 Khan Mittapheap, Sihanoukville
Operational Address	:	Sihanouk Vill Special Economic Zone Phum Pou Thoeung Sangkat Bit Traing & Phum Smach Den, Sihanoukville
Issuing Authority	:	Ministry of Commerce - Commercial Registry - National
License Number	:	INV.0521E/2011
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	:	3 Mar, 2011
Employees	:	2,221
Capital	:	US$ 250

DIRECTORS/MANAGEMENT

COMPANY MANAGEMENT

Management Listings

	Name	Nationality	Job Description	Dept. / Division
1	Mr. Earry Wesley Owen II	American	Partner	-
2	Mr. Edward William Ricci II	American	Partner	-

Management Details - 1

Personal Unique Identifier	:	MI03060492
Name	:	Mr. Earry Wesley Owen II

Management Details - 2

Personal Unique Identifier	:	MI03060493
Name	:	Mr. Edward William Ricci II

COMPANY DIRECTORS

1
Personal Unique Identifier	:	MI03060491
Name	:	Mr. Gary Matthews Bird
Nationality	:	American

NEGATIVE INFORMATION

REPUTATION

Reference checking for the purpose of establishing the GALEY GLOBAL CAMBODIA CO LTD's reputation within the respective industry failed to reveal any adverse information.

NEGA-SCAN - 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

:

1,000,000

SHAREHOLDERS

Total number of shareholders	:	3
Total number of shares	:	1,000

No.	Shareholders	Country	Shares
			Number	Amount (KHR)	%
1	Mr. Gary Matthews Bird	USA	340	n/a	34.00
2	Mr. Earry Wesley Owen II	USA	330	n/a	33.00
3	Mr. Edward William Ricci II	USA	330	n/a	33.00
Total			1,000	n/a	100.00

PAYMENT INFORMATION

DOMESTIC SALES & PURCHASES

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

Annual Purchases Analysis	Percentage
Local Purchases	100%
Imports	0%

PAYMENT TERMS

Selling

Type	Terms
Local	Cash on delivery (COD) Credit - Unsecured 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 - Unsecured 30~60 days

GROUP STRUCTURE & AFFILIATED COMPANIES

N/a

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

N/a

ADDITIONAL INFORMATION

Country	:	Cambodia
Business Entity Name	:	GALEY GLOBAL CAMBODIA CO LTD
Primary Business Activity	:	Manufacturer
Primary Industry	:	Garments & Accessories
Office Contact Details
Operating Address	:	Sihanouk Vill Special Economic Zone Phum Pou Thoeung Sangkat Bit Traing & Phum Smach Den, Sihanoukville
Tel	:	[+855] 34-6666371
	:	[+855] 34-6786444
Fax	:	[+855] 34-6666372
Email	:	kong.sok@galeyglobalcambodia.com

Primary Products

Products / Materials / Services Description	Activity
Garments	Manufacturing, Exporting
Men's clothing	Manufacturing, Exporting
Woven bottoms	Manufacturing, Exporting

SIC PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description	Code	Activity
Apparel and accessories, nspf	2389	Manufacturing, Exporting
Apparel/Other Textile Products	2300	Manufacturing, Exporting
Clothing & Furnishing, male	5136	Manufacturing, Exporting
Men's and boys' clothing, nspf	2329	Manufacturing, Exporting

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description	Code	Activity
Articles of apparel & clothing accessories-knitted or crocheted	6100	Manufacturing, Exporting
Garments nesoi, knitted or crocheted	6114	Manufacturing, Exporting
Men's or boys' other apparel, of cotton, not knitted	6211320080	Manufacturing, Exporting
Men's or boys' other garments of cotton, not knitted or crocheted	6211320000	Manufacturing, Exporting

CORE BUSINESS DESCRIPTION

Core Business

The primary business focus of GALEY GLOBAL CAMBODIA CO LTD is Manufacturing - Finished products.

Key products include :

Woven bottoms

Garments

Men's clothing

An integral part of the core business includes:

Assembly & packaging

Distribution

Supplementary Business

In addition to the core business, GALEY GLOBAL CAMBODIA CO LTD also is engaged in the following areas of business:

Exporting

Exporting - Finished products

INTERNATIONAL TRADE - Activity & Markets

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

OFFICE & FACILITIES

Name	:	GALEY GLOBAL CAMBODIA CO LTD - SIHANOUKVILLE
Address	:	Sihanouk Vill Special Economic Zone Phum Pou Thoeung Sangkat Bit Traing & Phum Smach Den, Sihanoukville
Country	:	Cambodia
Status	:	Operational

PREVIOUS CONTACT DETAILS

Phone Number

:

855-01-6281247

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.54.28
UK Pound	1	Rs.84.09
Euro	1	Rs.72.44

INFORMATION DETAILS

Report Prepared by :

SDA

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.