MIRA INFORM REPORT

 

 

Report Date :

28.06.2013

 

IDENTIFICATION DETAILS

 

Name :

CAMINTEL CO LTD

 

 

Registered Office :

1 Cnr of Terak Vithei Sisowath & Vithei Phsar Dek, Phnom Penh

 

 

Country :

Cambodia

 

 

Date of Incorporation :

15.05.1996

 

 

Legal Form :

Private Company with Limited Liability

 

 

Line of Business :

Subject is engaged in professional services, including:

·         ISP(Internet service provider)

·         Internet

·         Leased lines

·         Telecommunication network

·         Telecommunication operators

·         Telecommunications

 

 

No. of Employees :

272

 

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 :

Unknown 

 

 

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 – March 31st 2013

 

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

Cambodia

B2

B2

 

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 about 400,000 people and accounts for about 70% 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 and reaching over 3 million visitors in 2012. 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 Asian Development Bank, 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

 

Company Details

Organization Name

:

CAMINTEL CO LTD

Address

:

1 Cnr of Terak Vithei Sisowath & Vithei Phsar Dek, Phnom Penh

Country

:

Cambodia

Phone (S)

:

[+855] 23-986789

Facsimile

:

[+855] 23-986277

Email

:

sales@camintel.com

Website

:

http://www.camintel.com

Primary Business Activity

:

Service

Key Industry

:

Telecommunications

 

DIRECTORS/MANAGEMENT

 

COMPANY DIRECTORS

1

 

 

Personal Unique Identifier

:

MI03463356

Name

:

Mr. Kang-nam Kook

Nationality

:

Korean

 

NEGATIVE INFORMATION

 

REPUTATION

Reference checking for the purpose of establishing the CAMINTEL 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

 

 

SHAREHOLDERS

 

 

Total number of shareholders

:

1

Total number of shares

:

1,000

 

Currency

:

USD - US Dollar

 

No.

Shareholders

Country

Shares

Number

Amount (USD)

%

1

KTC TELECOM CO LTD

Korea, South (Republic of Korea)

1,000

n/a

100.00

Total

1,000

n/a

100.00

 

 

CAPITAL (Currency: USD - US Dollar)

 

 

Authorized Capital

:

13,450,000

 

Capital

:

US$ 13,450,000

 

PAYMENT INFORMATION

 

DOMESTIC SALES & PURCHASES

Annual Sales Analysis

Percentage

Domestic Sales

100%

International Sales (Export)

0%

Annual Purchases Analysis

Percentage

Local Purchases

100%

Imports

0%

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

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

DIRECT / INDIRECT CORPORATE PARENT DETAILS

Direct Parent

:

KTC TELECOM CO LTD

Global Identifier

:

P2777951

Country

:

Korea, South (Republic of Korea)

Primary Business Activity

:

Service

 

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.

 

ADDITIONAL INFORMATION

 

Key Facts

 

Registered Legal Address

:

1 Cnr of Terak Vithei Sisowath & Vithei Phsar Dek, Phnom Penh

Operational Address

:

1 Cnr of Terak Vithei Sisowath & Vithei Phsar Dek, Phnom Penh

Trading Name

:

 

Name History

:

Business Entity Name                                                Effective Date

CAMINTEL SA                                                            15 May, 1996

CAMINTEL CO LTD                                                    7 Dec, 2010

Issuing Authority

:

Ministry of Commerce - Commercial Registry

License Number

:

INV0183/96M

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

:

15 May, 1996

Employees

:

272

 

Report Details

 

 

Country

:

Cambodia

Business Entity Name

:

CAMINTEL CO LTD

Primary Business Activity

:

Service

Primary Industry

:

Telecommunications

Office Contact Details

Operating Address

:

1 Cnr of Terak Vithei Sisowath & Vithei Phsar Dek, Phnom Penh

Tel

:

[+855] 23-986789

 

:

[+855] 23-986020

 

:

[+855] 23-998998

Fax

:

[+855] 23-986277

Email

:

sales@camintel.com

Website Details

Website

:

http://www.camintel.com

Status

:

Normal - operational

Country of Registration

:

Cambodia

Ownership Type

:

Registered ownership by Subject Business Entity

 

Primary Products

Products / Materials / Services Description

Activity

ADSL

Service

E-mail services

Service

Fixed phone

Service

ISP(Internet service provider)

Service

Leased lines

Service

 

SIC PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description

Code

Activity

Communication

4800

Service

Communications Svcs, NEC

4899

Service

Computer Related Svcs, NEC

7379

Service

Electronic components, nspf

3679

Trading

Phone Communications

4813

Service

 

 

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description

Code

Activity

Computer related services, nec

9923

Service

Electronic integrated circuits & microassembl, parts

8542

Trading

Telecommunications carrier

9965

Service

Telecommunications installation

9963

Service

 

 

DETAILED PRODUCT CLASSIFICATION & ACTIVITY

Products / Materials / Services Description

Ranking

Activity

Public phones

Primary

Service

Telecommunication network

Primary

Service

Telecommunication operators

Primary

Service

Telecommunications

Primary

Service

Prepaid calling cards

Secondary

Trading

Prepaid internet cards

Secondary

Trading

 

 

CORE BUSINESS DESCRIPTION

Core Business

The primary business focus of CAMINTEL CO LTD is Specialized professional services, including:

·         ISP(Internet service provider)

·         Internet

·         Leased lines

·         Telecommunication network

·         Telecommunication operators

·         Telecommunications


Key services include:

·         E-mail services

·         Fixed phone

·         ADSL

·         Public phones

 

Supplementary Business

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

1.     Trading

·         Trading - Finished products

 

LOCAL BRANCHES & MANAGEMENT

Branch

:

CAMINTEL CO LTD - KHAN RUSSEY KEO, PHNOM PENH

Branch Address

:

06 B0B1 St 8C Sangkat Teuk Thla, Khan Russey Keo, Phnom Penh

Branch Tel

:

855-23-995995

Branch Fax

:

855-23-995277

 

Branch

:

CAMINTEL CO LTD - KHAN MITTAPHEAP, SIHANOUKVILLE

Branch Address

:

Independent St Group 8 Mondule 3 Sangkat 2, Khan Mittapheap, Sihanoukville

Branch Tel

:

855-34-935789

Branch Fax

:

855-34-935277

Branch Email

:

kps@camintel.com

 

Branch

:

CAMINTEL CO LTD - KAMPOT

Branch Address

:

Kampot

Branch Tel

:

855-33-932789

Branch Fax

:

855-33-932277

Branch Email

:

cmt_kpt@camintel.com

 

Branch

:

CAMINTEL CO LTD - SMACH MEAN CHEY, KOH KONG

Branch Address

:

1 Village Smach Meah Chey Commune, Smach Mean Chey, Koh Kong

Branch Tel

:

855-35-936789

Branch Fax

:

855-35-936277

Branch Email

:

cmt_kkg@camintel.com

 

Branch

:

CAMINTEL CO LTD - KRATIE, KRATIE

Branch Address

:

Kratie, Kratie

Branch Tel

:

855-72-971789

Branch Fax

:

855-72-971277

Branch Email

:

cmt_krt@camintel.com

 

Branch

:

CAMINTEL CO LTD - POIPET

Branch Address

:

Poipet

Branch Tel

:

855-54-967789

Branch Fax

:

855-54-967277

Branch Email

:

cmt_ppt@camintel.com

 

Branch

:

CAMINTEL CO LTD - BANTEAY MEAN CHEAY

Branch Address

:

Banteay Mean Cheay

Branch Tel

:

855-54-959789

Branch Fax

:

855-54-958277

Branch Email

:

cmt_bmc@camintel.com

 

Branch

:

CAMINTEL CO LTD - BATTAMBANG, BATTAMBANG

Branch Address

:

Group 6, Kamakor Village Svay Commune, Battambang, Battambang

Branch Tel

:

855-53-953789

Branch Fax

:

855-53-953227

Branch Email

:

cmt_btb@camintel.com

 

Branch

:

CAMINTEL CO LTD - KAMPONG CHAM, KAMPONG CHAM

Branch Address

:

Kampong Cham, Kampong Cham

Branch Tel

:

855-42-942789

Branch Fax

:

855-42-942277

 

Branch

:

CAMINTEL CO LTD - KAMPONG CHHNANG

Branch Address

:

Kampong Chhnang

Branch Tel

:

855-26-988089

Branch Fax

:

855-26-988277

Branch Email

:

cmt_kcn@camintel.com

 

Branch

:

CAMINTEL CO LTD - KAMPONG SPEU

Branch Address

:

Kampong Speu

Branch Tel

:

855-25-98789

Branch Fax

:

855-25-988277

Branch Email

:

cmt_ksp@camintel.com

 

Branch

:

CAMINTEL CO LTD - KAMPONG THOM

Branch Address

:

Kampong Thom

Branch Tel

:

855-62-962789

Branch Fax

:

855-62-962277

Branch Email

:

cmt_ktm@camintel.com

 

Branch

:

CAMINTEL CO LTD - SIEM REAP

Branch Address

:

Siem Reap

Branch Tel

:

855-63-964789

Branch Fax

:

855-63-964977

Branch Email

:

siemreap@camintel.com

 

Branch

:

CAMINTEL CO LTD - PREY VENG

Branch Address

:

Prey Veng

Branch Tel

:

855-43-944789

Branch Fax

:

855-43-944277

 

Branch

:

CAMINTEL CO LTD - KRONG PURSAT

Branch Address

:

Krong Pursat

Branch Tel

:

855-52-952789

Branch Fax

:

855-52-952277

Branch Email

:

cmt_pst@camintel.com

 

Branch

:

CAMINTEL CO LTD - RATTANAKIRI

Branch Address

:

Rattanakiri

Branch Tel

:

855-75-974789

Branch Fax

:

855-75-974277

Branch Email

:

cmt_rtk@camintel.com

 

Branch

:

CAMINTEL CO LTD - STUNG TRENG, STOENG TRENG

Branch Address

:

Stung Treng, Stoeng Treng

Branch Tel

:

855-74-973789

Branch Fax

:

855-74-973277

Branch Email

:

cmt_stg@camintel.com

 

Branch

:

CAMINTEL CO LTD - SVAY RIENG, SVAY REANG

Branch Address

:

Svay Rieng, Svay Reang

Branch Tel

:

855-44-945709

Branch Fax

:

855-44-945277

Branch Email

:

cmt_svg@camintel.com

 

Branch

:

CAMINTEL CO LTD - KRONG TAKEO

Branch Address

:

Krong Takeo

Branch Tel

:

855-32-931789

Branch Fax

:

855-32-931277

Branch Email

:

cmt_tko@camintel.com

 

Branch

:

CAMINTEL CO LTD - KHAN CHAMCARMORN, PHNOM PENH

Branch Address

:

2A St 418 Sangkat Toul Tom Pong I, Khan Chamcarmorn, Phnom Penh

Branch Tel

:

855-23-996789

Branch Fax

:

855-23-996277

 

 

 

 

OFFICE & FACILITIES

Name

:

CAMINTEL CO LTD - PHNOM PENH

Type of Location

:

Commercial

Address

:

1 Cnr of Terak Vithei Sisowath & Vithei Phsar Dek, Phnom Penh

Country

:

Cambodia

Ownership of Property

:

Rented / Leased

Status

:

Operational

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.60.59

UK Pound

1

Rs.92.92

Euro

1

Rs.78.94

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.