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Report Date : |
23.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
ASIA IRRIGATION (CAMBODIA) TRADING CO LTD |
|
|
|
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Registered Office : |
2Fl SI Bldg 93 Preah Sihanouk Blvd, Khan Daun Penh, Phnom Penh |
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|
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Country : |
Cambodia |
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|
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Date of Incorporation : |
11.07.2012 |
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|
|
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Legal Form : |
Company Limited |
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|
|
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Line of Business : |
Trader of Agricultural Products |
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|
|
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No. of Employees : |
17 |
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 |
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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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Cambodia |
B2 |
B2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 |
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Company Details |
||
|
Organization Name |
: |
ASIA IRRIGATION (CAMBODIA) TRADING CO LTD |
|
Address |
: |
2Fl SI Bldg 93 Preah Sihanouk Blvd, Khan Daun
Penh, Phnom Penh |
|
Country |
: |
Cambodia |
|
Phone (S) |
: |
[+855] 10-902525 |
|
Email |
: |
bruce@aict.au |
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Primary Business Activity |
: |
Trader |
|
Key Industry |
: |
Agricultural Products |
|
Key Facts |
||
|
Registered Legal Address |
: |
2Fl SI Bldg 93 Preah Sihanouk Blvd, Khan Daun
Penh, Phnom Penh |
|
Operational Address |
: |
2Fl SI Bldg 93 Preah Sihanouk Blvd, Khan Daun Penh, Phnom Penh |
|
Issuing Authority |
: |
Ministry of Commerce - Commercial Registry - National |
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License Number |
: |
Co.1788E/2012 |
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License Status |
: |
License exists - Normal. |
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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 |
: |
11 Jul, 2012 |
|
Employees |
: |
17 |
|
Capital |
: |
US$ 9,985 |
Key Person
|
Legal Title |
: |
Managing Director |
|
Name |
: |
Mr. Bruce Leo Cussen |
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Nationality |
: |
Australian |
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COMPANY
DIRECTORS |
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REPUTATION |
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Due to the recent incorporation of the ASIA IRRIGATION (CAMBODIA) TRADING
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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DISHONORED CHECKS |
|
No Record Found |
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DEBT |
|
No Record Found |
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CIVIL LITIGATION |
|
No Record Found |
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PERFORMANCE DEFAULTS |
|
No Record Found |
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ADVERSE LOCAL MEDIA COVERAGE /
ADVERSE FILING HISTORY |
|
No Record Found |
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CAPITAL (Currency: KHR - Cambodia Riel) |
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SHAREHOLDERS |
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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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N/a
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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. |
N/a
|
Report Details |
||
|
Country |
: |
Cambodia |
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Business Entity Name |
: |
ASIA IRRIGATION (CAMBODIA) TRADING CO LTD |
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Primary Business Activity |
: |
Trader |
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Primary Industry |
: |
Agricultural Products |
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Office Contact Details |
||
|
Operating Address |
: |
2Fl SI Bldg 93 Preah Sihanouk Blvd, Khan Daun Penh, Phnom Penh |
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Tel |
: |
[+855] 10-902525 |
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Email |
: |
bruce@aict.au |
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Primary Products
|
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SIC PRODUCT
CLASSIFICATION & ACTIVITY |
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DETAILED 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 ASIA IRRIGATION (CAMBODIA) TRADING CO
LTD is Trading - Finished products. Irrigation system Agricultural products |
|
OFFICE &
FACILITIES |
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|
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.60.28 |
|
|
1 |
Rs.102.77 |
|
Euro |
1 |
Rs.82.12 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NNA |
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.