MIRA INFORM REPORT
|
Report Date : |
10.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
ANGKOR (CAMBODIA) ART SUPPLY MFG CO LTD |
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|
|
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Registered Office : |
Sihanoukville Special Economic Zone (SSEZ) 212Km of National Rd 4, Khan Prey Nob, Sihanoukville |
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Country : |
Colombia |
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Date of Incorporation : |
Not Available |
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Legal Form : |
Not Available |
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Line of Business : |
Manufacturer of Giftware & Jewellery |
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No. of Employees : |
Not Available |
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 |
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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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
Colombia |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
COLOMBIA - ECONOMIC OVERVIEW
Colombia's consistently sound
economic policies and aggressive promotion of free trade agreements in recent
years have bolstered its ability to face external shocks. Real GDP has grown
more than 4% per year for the past three years, continuing almost a decade of
strong economic performance. All three major ratings agencies have upgraded
Colombia's government debt to investment grade. Nevertheless, Colombia depends
heavily on energy and mining exports, making it vulnerable to a drop in
commodity prices. Colombia is the world’s fourth largest coal exporter and
Latin America’s fourth largest oil producer. Economic development is stymied by
inadequate infrastructure and an uncertain security situation. Moreover, the
unemployment rate of 9.7% in 2013 is still one of Latin America's highest. The
SANTOS Administration's foreign policy has focused on bolstering Colombia's
commercial ties and boosting investment at home. The US-Colombia Free Trade
Agreement (FTA) was ratified by the US Congress in October 2011 and implemented
in 2012. Colombia has signed or is negotiating FTAs with a number of other
countries, including Canada, Chile, Mexico, Switzerland, the EU, Venezuela,
South Korea, Turkey, Japan, China, Costa Rica, Panama, and Israel. Colombia is
also a founding member of the Pacific Alliance—a group formed in 2012 among
Chile, Colombia, Mexico, and Peru to promote regional trade and integration. In
2013, Colombia began its ascension process to the OECD. The annual level of
foreign direct investment - notably in the oil and gas sectors - reached $10
billion in 2008 but dropped to $7.2 billion in 2009, before beginning to
recover in 2010, and reached a record high of nearly $16 billion in 2012.
Inequality, poverty, and narcotrafficking remain significant challenges, and
Colombia's infrastructure requires major improvements to sustain economic
expansion.
|
Source
: CIA |
REGISTERED
NAME & COMPANY SUMMARY
|
Company Details |
|
Organization Name |
: |
ANGKOR (CAMBODIA) ART SUPPLY MFG CO LTD |
|
Address |
: |
Sihanoukville Special Economic Zone (SSEZ) 212Km of National Rd 4,
Khan Prey Nob, Sihanoukville |
|
Country |
: |
Cambodia |
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Phone (S) |
: |
[+855] 88-5678891 |
|
Primary Business Activity |
: |
Manufacturer |
|
Key Industry |
: |
Giftware & Jewellery |
DIRECTORS/MANAGEMENT
N/a
NEGATIVE
INFORMATION
|
NEGA-SCAN - ADVERSE DATA MONITORING |
|
%20ART%20SUPPLY%20MFG%20CO%20LTD%20-%20254736%2010-Mar-2014_files/image002.gif){kind=small}
SHARE
& SHARE CAPITAL INFORMATION
N/a
PAYMENT
INFORMATION
N/a
GROUP
STRUCTURE & AFFILIATED COMPANIES
N/a
FINANCIAL
INFORMATION
|
FINANCIAL
STATEMENT - DETAILED |
|
Based on the corporate laws of Cambodia, legal entities which are
Unknown are not required to make public disclosure of their annual financials.
Therefore no financials are available for this entity. |
FOREIGN
EXCHANGE RATES
N/a
ADDITIONAL
INFORMATION
|
Key Facts |
|
Operational Address |
: |
Sihanoukville Special Economic Zone (SSEZ) 212Km of National Rd 4, Khan
Prey Nob, Sihanoukville |
|
License Number |
: |
n/a |
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License Status |
: |
No license exists. |
|
Legal Form - Category |
: |
n/a |
|
Legal Form |
: |
n/a |
|
Legal Form - Abbreviation |
: |
n/a |
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Operational Status of Business |
: |
Office exists but not operating under a license issued to the Subject
Business Entity |
|
Report Details |
||
|
Country |
: |
Cambodia |
|
Business Entity Name |
: |
ANGKOR (CAMBODIA) ART SUPPLY MFG CO LTD |
|
Primary Business Activity |
: |
Manufacturer |
|
Primary Industry |
: |
Giftware & Jewellery |
|
Office Contact Details |
||
|
Operating Address |
: |
Sihanoukville Special Economic Zone (SSEZ) 212Km of National Rd 4,
Khan Prey Nob, Sihanoukville |
|
Tel |
: |
[+855] 88-5678891 |
|
|
: |
[+855] 88-5678892 |
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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 |
|
Core Business |
|
The primary business focus of ANGKOR (CAMBODIA) ART SUPPLY MFG CO LTD
is Manufacturing - Finished products. Photo frames |
NOTES
& COMMENTS
N/a
DIAMOND INDUSTRY – INDIA
-
From time immemorial, India is well known in the world
as the birthplace for diamonds. It is difficult to trace the origin of
diamonds but history says that in the remote past, diamonds were mined only in
India. Diamond production in India can be traced back to almost 8th
Century B.C. India, in fact, remained undisputed leader till 18th
Century when Brazilian fields were discovered in 1725 followed by emergence of
S. Africa, Russia and Australia.
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The achievement of the Indian diamond industry was
possible only due to combination of the manufacturing skills of the Indian
workforce and the untiring and unflagging efforts of the Indian diamantaires,
supported by progressive Government policies.
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The area of study of family owned diamond businesses
derives its importance from the huge conglomerate of family run organizations
which operate in the diamond industry since many generations.
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Some of the basic traits of family run business
enterprises include spirit of entrepreneurship, mutual trust lowers transaction
costs, small, nimble and quick to react, information as a source of advantage
and philanthropy.
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Family owned diamond businesses need to improve on
many fronts including higher standard of corporate governance, long-term
performance – focused strategies, modern management and technology.
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Utmost caution is to be exercised while dealing with
some medium and large diamond traders which are usually engaged in fictitious
import – export, inter-company transactions, financially assisted by banks. In
the process, several public sector banks lost several hundred million rupees.
They mostly diverted borrowed money for diamond business into real estate and
capital markets.
-
Excerpts from Times of India dated 30th
October 2010 is as under –
-
Gem & Jewellery Export Promotion Council in its
statistical data has shown the export of polished diamonds to have increase by
28 % in February 2013. Compared to $ 1.4 bn worth of polished diamond export in
February, 2012, India exported $ 1.84 billion worth of polished diamonds in February
2013. A senior executive of GJEPC said, “Export of cut and polished diamonds
started falling month-wise after the imposition of 2 % of import duty on the
polished diamonds. But February, 2013 has given a new ray of hope to the
industry as the export of polished diamonds has actually increased by 28 %. It
means the industry is on the track of recovery and round tripping of
diamonds has stopped completely.” Demand has started coming from the US, the
UK, Japan and China. India’s polished diamond export is expected to cross $ 21
bn in 2013-14.
-
The banking sector has started exercising restraint
while following prudent risk management norms when lending money to gems and
jewellery sector. This follows the implementation of Basel III accord – a
global voluntary regulatory standard on bank capital adequacy, stress testing
and market liquidity.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.99 |
|
|
1 |
Rs.102.07 |
|
Euro |
1 |
Rs.84.53 |
INFORMATION DETAILS
|
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.