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Report Date : |
31.01.2013 |
IDENTIFICATION DETAILS
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Name : |
VE (CAMBODIA) LTD |
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Registered Office : |
Sangkat Boeung Keng Kang I 33 St 360, Khan Chamkarmorn, Phnom Penh |
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Country : |
Cambodia |
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Date of Incorporation : |
06.08.2000 |
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Legal Form : |
Limited |
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Line of Business : |
Importer of Medical Equipment & Pharmaceutical Products |
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No. of Employees : |
20 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 30th, 2012
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Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
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Cambodia |
C1 |
C1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
CAMBODIA - ECONOMIC OVERVIEW
From 2004 to 2008, the economy grew about 10% per year,
driven largely by an expansion in the garment sector, construction, agriculture,
and tourism. GDP contracted slightly in 2009 as a result of the global economic
slowdown but climbed more than 6% in 2010 and 6.7 in 2011, driven by tourism
and renewed exports. With the January 2005 expiration of a WTO Agreement on
Textiles and Clothing, Cambodian textile producers were forced to compete
directly with lower-priced countries such as China, India, Vietnam, and
Bangladesh. The garment industry currently employs more than 300,000 people -
about 5% of the work force - and contributes more than 70% of Cambodia's
exports. In 2005, exploitable oil deposits were found beneath Cambodia's
territorial waters, representing a potential revenue stream for the government
when commercial extraction begins. Mining also is attracting significant investor
interest, particularly in the northern parts of the country. The government has
said opportunities exist for mining bauxite, gold, iron and gems. In 2006, a
US-Cambodia bilateral Trade and Investment Framework Agreement (TIFA) was
signed, and several rounds of discussions have been held since 2007. Rubber
exports increased about 50% in 2011 due to continued demand for raw rubber,
particularly from China, Malaysia, and Vietnam. The tourism industry has
continued to grow rapidly with foreign arrivals exceeding 2 million per year
since 2007; economic troubles abroad dampened growth in 2009 but arrivals
rebounded to over 2 million in 2010-11. The global financial crisis is
weakening demand for many Cambodian exports, and construction is declining due to
a shortage of credit. The long-term development of the economy remains a
daunting challenge. The Cambodian government is working with bilateral and
multilateral donors, including the World Bank and IMF, to address the country's
many pressing needs. 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. More than
50% of the population is less than 25 years old. The population lacks education
and productive skills, particularly in the poverty-ridden countryside, which
suffers from an almost total lack of basic infrastructure.
Source
: CIA
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Company Details |
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Organization Name |
: |
VE (CAMBODIA) LTD |
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Address |
: |
Sangkat Boeung Keng Kang I 33 St 360, Khan Chamkarmorn, Phnom Penh |
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Country |
: |
Cambodia |
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Phone (S) |
: |
[+855] 23-218306 |
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Facsimile |
: |
[+855] 23-218307 |
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Email |
: |
info@vecambodia.com |
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Website |
: |
http://www.vecambodia.com |
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Primary Business Activity |
: |
Importer |
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Key Industry |
: |
Medical Equipment & Pharmaceutical |
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Key Facts |
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Registered Legal Address |
: |
Sangkat Boeung Keng Kang I 33 St 360, Khan Chamkarmorn, Phnom Penh |
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Operational Address |
: |
Sangkat Boeung Keng Kang I 33 St 360, Khan Chamkarmorn, Phnom Penh |
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Issuing Authority |
: |
Ministry of Commerce - Commercial Registry - National |
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License Number |
: |
Co9168/00 |
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License Status |
: |
License exists - Normal. |
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Legal Form - Category |
: |
Private Company with Limited Liability |
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Legal Form |
: |
Limited |
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Legal Form - Abbreviation |
: |
LTD |
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Operational Status of Business |
: |
Normal |
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Date of Registration |
: |
6 Aug, 2000 |
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Employees |
: |
20 |
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Capital |
: |
US$ 5,000 |
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Report Details |
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COMPANY DIRECTORS |
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NEGA-SCAN - ADVERSE DATA MONITORING |
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CAPITAL (Currency: KHR - Cambodia Riel) |
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SHAREHOLDERS |
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DOMESTIC SALES & PURCHASES |
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PAYMENT TERMS |
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Selling |
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Purchasing |
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N/a
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FINANCIAL STATEMENT - DETAILED |
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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. |
N/a
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Primary Products
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SIC PRODUCT CLASSIFICATION & ACTIVITY |
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HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY |
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DETAILED PRODUCT CLASSIFICATION & ACTIVITY |
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CORE BUSINESS DESCRIPTION |
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Core Business |
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The primary business focus of VE (CAMBODIA) LTD is Importing - General
products . ·
Beauty products ·
Consumer products ·
Health products ·
Hospital consumables ·
Pharmaceutical products ·
Vaccines ·
Veterinary medicines
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REPUTATION |
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Reference checking for the purpose of establishing the VE (CAMBODIA)
LTD's reputation within the respective industry failed to reveal any adverse
information. |
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INTERNATIONAL TRADE - Activity & Markets |
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COMPETITORS |
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The following is a representative list of
local competitors: |
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OFFICE & FACILITIES |
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N/a
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.53.57 |
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|
1 |
Rs.84.37 |
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Euro |
1 |
Rs.72.23 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.