MIRA INFORM REPORT

 

 

Report Date :

10.12.2014

 

IDENTIFICATION DETAILS

 

Name :

OFFICE EXPRESS

 

 

Registered Office :

1 Norodom Blvd (Cnr St 108) Sangkat Wat Phnom, Khan Daun Penh, Phnom Penh

 

 

Country :

Cambodia

 

 

Date of Incorporation :

Not Available 

 

 

Legal Form :

Not Available 

 

 

Line of Business :

Importer & Trader of Books, Magazine, Office Furniture, Computer peripheral equipment, Stationery products, Printers & Strapping machine

 

 

No of Employees :

22

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

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 – September 30, 2014

 

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

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

REGISTERED NAME & COMPANY SUMMARY

 

Company Details

 

Organization Name

:

OFFICE EXPRESS

Address

:

1 Norodom Blvd (Cnr St 108) Sangkat Wat Phnom, Khan Daun Penh, Phnom Penh

Country

:

Cambodia

Phone (S)

:

[+855] 23-973888
Status: Telephone number working and answering party confirmed company details and accurately answered all questions raised by the investigator

Email

:

info@officeexpress.com.kh

Primary Business Activity

:

Importer & Trader of Books, Magazine, Office Furniture, Computer peripheral equipment, Stationery products, Printers & Strapping machine

 

DIRECTORS/MANAGEMENT

 

COMPANY MANAGEMENT

Management Listings

 

Name

Nationality

Job Description

Dept. / Division

1

Mr. Phlork Bovath

Cambodian

Accountant

-

2

Mr. Chea Chuktima

Cambodian

Director

-

Management Details - 1

Personal Unique Identifier

:

MI03800537

Name

:

Mr. Phlork Bovath

 

Management Details - 2

Personal Unique Identifier

:

MI03800828

Name

:

Mr. Chea Chuktima

 

NEGATIVE 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

 

 

 

 

FINANCIAL INFORMATION

 

FINANCIAL STATEMENT - DETAILED

Due to the nature of this entity, there are no financials available.

 

ADDITIONAL INFORMATION

 

Key Facts

Operational Address

:

1 Norodom Blvd (Cnr St 108) Sangkat Wat Phnom, Khan Daun Penh, Phnom Penh

License Number

:

n/a

License Status

:

No license exists.

Legal Form - Category

:

n/a

Legal Form

:

n/a

Legal Form - Abbreviation

:

n/a

Operational Status of Business

:

Office exists but not operating under a license issued to the Subject Business Entity

Employees

:

22

 

Report Details

Country

:

Cambodia

Business Entity Name

:

OFFICE EXPRESS

Primary Business Activity

:

Importer & Trader of Books, Magazine, Office Furniture, Computer peripheral equipment, Stationery products, Printers & Strapping machine

Office Contact Details

Operating Address

:

1 Norodom Blvd (Cnr St 108) Sangkat Wat Phnom, Khan Daun Penh, Phnom Penh

Tel

:

[+855] 23-973888
Status: Telephone number working and answering party confirmed company details and accurately answered all questions raised by the investigator

Mobile

:

[+855]-12202999
Status: Mobile number is working and answering party confirmed company details and accurately answered all questions raised by the investigator

Email

:

info@officeexpress.com.kh
purchase01@officeexpress.com.kh

 

 Primary Products

Products / Materials / Services Description

Activity

Books

Importing, Trading

Magazine

Importing, Trading

Office furniture

Importing, Trading

Office supplies

Importing, Trading

School supplies

Importing, Trading

 

SIC PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description

Code

Activity

Books and pamphlets

2731

Importing, Trading

Computer peripheral equipment, nspf, and parts, nspf

3577

Importing, Trading

Furniture

5021

Importing, Trading

Office machines, nspf, and parts, nspf

3579

Importing, Trading

Stationery & Office Supplies

5112

Importing, Trading

Stationery products

2678

Importing, Trading

 

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description

Code

Activity

Books, brochures & similar printed matter

4901

Importing, Trading

Envelopes, postcards etc & boxes etc of stationery

4817

Importing, Trading

Furniture nesoi and parts thereof

9403

Importing, Trading

Office or school supplies of plastic

3926100000

Importing, Trading

Parts etc for typewriters & other office machines computer accessories

8473

Importing, Trading

Printers

8471927200

Importing, Trading

Strapping machines

8422409040

Importing, Trading

 

 

 

 

 

DETAILED PRODUCT CLASSIFICATION & ACTIVITY

Products / Materials / Services Description

Ranking

Activity

Stationery

Primary

Importing, Trading

Strapping machine

Primary

Importing, Trading

Computer accessories

Secondary

Importing, Trading

Printers

Secondary

Importing, Trading

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.88

UK Pound

1

Rs.96.90

Euro

1

Rs.76.29

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

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.