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Report Date : |
23.03.2013 |
IDENTIFICATION DETAILS
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Name : |
WELLY (CAMBODIA) GARMENT CO LTD |
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Registered Office : |
Phum Kbal Damrei Sangkat Kakab, Khan Porsenchey, Phnom Penh |
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Country : |
Cambodia |
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Date of Incorporation : |
03.05.2012 |
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Legal Form : |
Private Company with Limited Liability |
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Line of Business : |
Manufacturer of Garments & Accessories |
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No. of Employees : |
35 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 (31.03.2012) |
Current Rating (30.06.2012) |
|
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
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
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Company Details |
||
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Organization
Name |
: |
WELLY
(CAMBODIA) GARMENT CO LTD |
|
Address |
: |
Phum
Kbal Damrei Sangkat Kakab, Khan Porsenchey, Phnom Penh |
|
Country |
: |
Cambodia |
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Phone
(S) |
: |
[+855]
23-982298 |
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Primary
Business Activity |
: |
Manufacturer |
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Key
Industry |
: |
Garments
& Accessories |
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Key Facts |
||
|
Registered Legal Address |
: |
Phum Kbal Damrei Sangkat Kakab, Khan Porsenchey,
Phnom Penh |
|
Operational Address |
: |
Phum Kbal Damrei Sangkat Kakab, Khan Porsenchey,
Phnom Penh |
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Issuing
Authority |
: |
Ministry
of Commerce - Commercial Registry |
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License
Number |
: |
1182E/2012 |
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License
Status |
: |
License
exists - Normal. |
|
Legal
Form - Category |
: |
Private
Company with Limited Liability |
|
Legal
Form |
: |
Company
Limited |
|
Legal Form - Abbreviation |
: |
CO LTD |
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Operational Status of Business |
: |
Normal |
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Date of Registration |
: |
3 May, 2012 |
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Employees |
: |
35 |
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Capital |
: |
US$ 502 |
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COMPANY MANAGEMENT |
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Management
Listings |
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COMPANY DIRECTORS |
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REPUTATION |
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Due to the recent incorporation of the WELLY (CAMBODIA) GARMENT CO
LTD, and the relatively small nature of its business, no meaningful points of
reference in terms of reputation within the respective industry was possible.
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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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Supplementary Business |
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In addition to the core business, WELLY (CAMBODIA) GARMENT CO LTD also
is engaged in the following areas of business:
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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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INTERNATIONAL TRADE - Activity & Markets |
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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. |
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Today's Exchange rate |
: |
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Legal Form -
Category |
: |
Private
Company with Limited Liability |
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|
Legal
Form |
: |
Company
Limited |
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|
Legal
Form - Abbreviation |
: |
CO
LTD |
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Operational
Status of Business |
: |
Normal |
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Date
of Registration |
: |
3
May, 2012 |
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Employees |
: |
35 |
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Report Details |
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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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CORE BUSINESS DESCRIPTION |
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Core Business |
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The primary business focus of WELLY (CAMBODIA) GARMENT CO LTD is
Manufacturing - Finished products.
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OFFICE & FACILITIES |
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.34 |
|
UK Pound |
1 |
Rs.82.56 |
|
Euro |
1 |
Rs.70.10 |
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 |
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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 |
|
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.