|
Report Date : |
26.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
INTERNATIONAL RICE TRADING ( |
|
|
|
|
Registered Office : |
167 National Rd 5 Sangkat Km 6, Khan Russey Keo, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
01.12.2009 |
|
|
|
|
Legal Form : |
Private Company with Limited Liability |
|
|
|
|
Line of Business : |
Trader of Agricultural Products |
|
|
|
|
No. of Employees |
27 |
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 |
|
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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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 7% per year between 2010 and 2013. 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 $1.25 per day, and 37% of Cambodian children under the age of 5 suffer from chronic malnutrition. More than 50% of the population is less than 25 years old. The population lacks education and productive skills, particularly in the impoverished countryside, which also lacks basic infrastructure. The Cambodian Government is working with bilateral and multilateral donors, including the Asian Development Bank, the World Bank and IMF, to address the country's many pressing needs; more than 50% of the government budget comes from donor assistance. The major economic challenge for Cambodia over the next decade will be fashioning an economic environment in which the private sector can create enough jobs to handle Cambodia's demographic imbalance
|
Source
: CIA |
|
Organization Name |
: |
INTERNATIONAL RICE
TRADING (CAMBODIA) CO LTD |
|
Address |
: |
167 National Rd 5 Sangkat Km 6, Khan Russey Keo, Phnom Penh |
|
Country |
: |
Cambodia |
|
Phone (S) |
: |
[+855] 17-711066 |
|
|
: |
chhaya.chhay@gmail.com |
|
Primary Business Activity |
: |
Trader |
|
Key Industry |
: |
Agricultural Products |
|
Registered Legal Address |
: |
167 National Rd 5 Sangkat Km 6, Khan Russey Keo, Phnom Penh |
|
Operational Address |
: |
167 National Rd 5 Sangkat Km 6, Khan Russey Keo, Phnom Penh |
|
Trading Name |
: |
INTERNATIONAL RICE TRADING |
|
Issuing Authority |
: |
Ministry of Commerce - Commercial Registry - National |
|
License Number |
: |
143119/09P |
|
License Status |
: |
License exists - Normal. |
|
Legal Form - Category |
: |
Private Company with Limited Liability |
|
Legal Form |
: |
Company Limited |
|
Legal Form - Abbreviation |
: |
CO LTD |
|
Operational Status of Business |
: |
Normal |
|
Date of Registration |
: |
1 Dec, 2009 |
|
Employees |
: |
27 |
|
Capital |
: |
US$ 500,305 |
Key Person
|
Legal Title |
: |
Chairman |
|
Name |
: |
Mr. Chhay Chhaya |
|
Nationality |
: |
Cambodian |
|
COMPANY DIRECTORS |
||||||||||||
|
|
REPUTATION |
|
Reference checking for the purpose of establishing INTERNATIONAL RICE TRADING (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 |
|
CIVIL LITIGATION |
|
No Record Found |
|
PERFORMANCE DEFAULTS |
|
No Record Found |
|
ADVERSE LOCAL MEDIA COVERAGE / ADVERSE FILING HISTORY |
|
No Record Found |
|
CAPITAL (Currency: KHR - Cambodia Riel) |
|||
|
|
Total number of shareholders |
: |
1 |
|
Total number of shares |
: |
1,000 |
|
Currency |
: |
KHR - Cambodia Riel |
|
No. |
Shareholders |
Country |
Shares |
||
|
Number |
Amount (KHR) |
% |
|||
|
1 |
Mr. Chhay Chhaya |
Cambodia |
1,000 |
n/a |
100.00 |
|
Total |
1,000 |
n/a |
100.00 |
||
|
DOMESTIC SALES & PURCHASES |
|||||||
|
|||||||
|
|
|||||||
|
|
PAYMENT TERMS |
||||||||||
|
Selling |
||||||||||
|
||||||||||
|
|
||||||||||
|
Purchasing |
||||||||||
|
N/a
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.
|
Today's Exchange rate |
: |
|
|
Country |
: |
Cambodia |
|
Business Entity Name |
: |
INTERNATIONAL RICE TRADING (CAMBODIA) CO LTD |
|
Primary Business Activity |
: |
Trader |
|
Primary Industry |
: |
Agricultural Products |
|
Office Contact Details |
||
|
Operating Address |
: |
167 National Rd 5 Sangkat Km 6, Khan Russey Keo, Phnom Penh |
|
Tel |
: |
[+855] 17-711066 |
|
|
: |
chhaya.chhay@gmail.com |
Primary Products
|
Products / Materials / Services Description |
Activity |
|
Rice |
Trading, Exporting |
|
SIC PRODUCT CLASSIFICATION & ACTIVITY |
|||||||||
|
|
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY |
|||||||||
|
|
DETAILED PRODUCT CLASSIFICATION & ACTIVITY |
||||||
|
|
CORE BUSINESS DESCRIPTION |
|
Core Business |
|
The primary business focus of INTERNATIONAL RICE TRADING
(CAMBODIA) CO LTD is Trading - Finished products. Rice |
|
|
|
Supplementary Business |
|
In addition to the core business, INTERNATIONAL RICE TRADING (CAMBODIA) CO LTD also is engaged in the following areas of business: Exporting Exporting - Finished products Service Specialized professional services |
INTERNATIONAL TRADE - Activity & Markets
|
Country / Region |
Estimated level of importance |
Trading Activity |
|
Asia / Pacific |
Medium |
Exporting |
|
Europe |
Medium |
Exporting |
|
France |
Medium |
Exporting |
|
Malaysia |
Medium |
Exporting |
|
Singapore |
Medium |
Exporting |
|
United Kingdom |
Medium |
Exporting |
|
OFFICE & FACILITIES |
|||||||||||||||
|
The following information relates to the Business Entity's office as listed above: |
|||||||||||||||
|
N/a
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.42 |
|
|
1 |
Rs.100.11 |
|
Euro |
1 |
Rs.79.74 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NIS |
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.