MIRA INFORM REPORT
|
Report Date : |
20.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
MEDAS INT'L LTD |
|
|
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Registered Office : |
Sangkat Boeng Raing 48aeo Sang Kreach Tieng (St 222), Khan Daun Penh, Phnom Penh |
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Country : |
Cambodia |
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Date of Incorporation : |
01.10.2002 |
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|
Legal Form : |
Limited |
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Line of Business : |
Importer of Medical Equipment & Pharmaceutical |
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No. of Employees : |
3 |
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 |
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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
|
Country Name |
Previous Rating (31.03.2011) |
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 $1.25 per day and 37% of Cambodian children under the age of
5 suffer from chronic malnutrition. More than 50% of the population is less
than 25 years old. The population lacks education and productive skills,
particularly in the impoverished countryside, which also lacks basic
infrastructure. The Cambodian government is working with bilateral and
multilateral donors, including the World Bank and IMF, to address the country's
many pressing needs; more than 50% of the government budget comes from donor
assistance. The major economic challenge for Cambodia over the next decade will
be fashioning an economic environment in which the private sector can create enough
jobs to handle Cambodia's demographic imbalance.
Source : CIA
REGISTERED NAME & COMPANY SUMMARY
|
Organization
Name |
: |
MEDAS
INT'L LTD |
|
Address |
: |
Sangkat
Boeng Raing 48AEo Sang Kreach Tieng (St 222), Khan Daun Penh, Phnom
Penh |
|
Country |
: |
Cambodia |
|
Phone (S) |
: |
[+855]
23-220795 |
|
Facsimile |
: |
[+855]
23-220794 |
|
Primary
Business Activity |
: |
Importer |
|
Key
Industry |
: |
Medical
Equipment & Pharmaceutical |
|
Registered
Legal Address |
: |
Sangkat
Boeng Raing 48AEo Sang Kreach Tieng (St 222), Khan Daun Penh, Phnom Penh |
|
Operational
Address |
: |
Sangkat
Boeng Raing 48AEo Sang Kreach Tieng (St 222), Khan Daun Penh, Phnom Penh |
|
Issuing
Authority |
: |
Ministry
of Commerce - Commercial Registry - National |
|
License
Number |
: |
CO1528/02E |
|
License
Status |
: |
License
exists - Normal. |
|
Legal
Form - Category |
: |
Private
Company with Limited Liability |
|
Legal
Form |
: |
Limited |
|
Legal
Form - Abbreviation |
: |
LTD |
|
Operational
Status of Business |
: |
Normal |
|
Date of
Registration |
: |
1 Oct,
2002 |
|
Employees |
: |
3 |
|
Capital |
: |
US$ 5,021 |
DIRECTORS/MANAGEMENT
|
COMPANY
DIRECTORS |
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NEGATIVE INFORMATION
|
REPUTATION |
|
Reference
checking for the purpose of establishing the MEDAS INT'L LTD's reputation
within the respective industry failed to reveal any adverse information. |
|
NEGA-SCAN
- ADVERSE DATA MONITORING |
|
SHARE & SHARE CAPITAL INFORMATION
|
CAPITAL
(Currency: KHR - Cambodia Riel) |
|||
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SHAREHOLDERS
|
Total
number of shareholders |
: |
1 |
|
Total
number of shares |
: |
1,000 |
|
Currency |
: |
KHR -
Cambodia Riel |
|
No. |
Shareholders |
Country |
Shares |
||
|
Number |
Amount
(KHR) |
% |
|||
|
1 |
Mr. Asesh
Kumar |
India |
1,000 |
n/a |
100.00 |
|
Total |
1,000 |
n/a |
100.00 |
||
|
Today's Exchange rate |
: |
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PAYMENT INFORMATION
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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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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
|
Today's Exchange rate |
: |
|
ADDITIONAL INFORMATION
|
Country |
: |
Cambodia |
|
Business
Entity Name |
: |
MEDAS INT'L LTD |
|
Primary
Business Activity |
: |
Importer |
|
Primary
Industry |
: |
Medical
Equipment & Pharmaceutical |
|
Office
Contact Details |
||
|
Operating
Address |
: |
Sangkat
Boeng Raing 48AEo Sang Kreach Tieng (St 222), Khan Daun Penh, Phnom Penh |
|
Tel |
: |
[+855]
23-220795 |
|
Mobile |
: |
[+855]-12497957
|
|
Fax |
: |
[+855]
23-220794 |
Primary
Products
|
Products
/ Materials / Services Description |
Activity |
|
Pharmaceutical
products |
Importing |
|
SIC
PRODUCT CLASSIFICATION & ACTIVITY |
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|
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY |
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CORE
BUSINESS DESCRIPTION |
|
Core
Business |
|
The
primary business focus of MEDAS INT'L LTD is Importing - Finished products. Pharmaceutical
products
Distribution
|
INTERNATIONAL
TRADE - Activity & Markets
|
Country /
Region |
Estimated
level of importance |
Trading
Activity |
|
Asia /
Pacific |
Medium |
Importing |
|
OFFICE
& FACILITIES |
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NOTES & COMMENTS
N/a
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.26 |
|
|
1 |
Rs.81.93 |
|
Euro |
1 |
Rs.70.21 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.