MIRA INFORM REPORT

 

 

Report Date :

02.09..2014

 

IDENTIFICATION DETAILS

 

Name :

QUANTUM CLOTHING CAMBODIA

 

 

Registered Office :

313AB Phom Trapeang Thleng Sangkat Chom Chao (St 217) Veng Sreng Rd, Khan Dankor, Phnom Penh

 

 

Country :

Cambodia

 

 

Date of Incorporation :

31.07.2000

 

 

Legal Form :

Private Company with Limited Liability

 

 

Line of Business :

Manufacturer of Garments & Accessories

 

 

No of Employees :

1,771

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

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

 

 

 

Company Details

 

Organization Name

:

QUANTUM CLOTHING CAMBODIA

Address

:

313AB Phom Trapeang Thleng Sangkat Chom Chao (St 217) Veng Sreng Rd, Khan Dankor, Phnom Penh

Country

:

Cambodia

Phone (S)

:

[+855] 23-865162

Facsimile

:

[+855] 23-865164

Email

:

adrian.ross@quantumclothing.com

Website

:

http://www.quantumclothing.com

Primary Business Activity

:

Manufacturer

Key Industry

:

Garments & Accessories

 

 

Key Facts

 

Registered Legal Address

:

313AB Phom Trapeang Thleng Sangkat Chom Chao (St 217) Veng Sreng Rd, Khan Dankor, Phnom Penh

Operational Address

:

313AB Phom Trapeang Thleng Sangkat Chom Chao (St 217) Veng Sreng Rd, Khan Dankor, Phnom Penh

Name History

:

Business Entity Name

Effective Date

VIYELLA HOLDINGS SHIRTS LTD

31 Jul, 2000

NEW ISLAND CLOTHING CAMBODIA LTD

6 Dec, 2001

QUANTUM CLOTHING CAMBODIA LTD

5 Sep, 2002

Issuing Authority

:

Ministry of Commerce - Commercial Registry

License Number

:

Inv.0701/00E

License Status

:

License exists - Normal.

Legal Form - Category

:

Private Company with Limited Liability

Legal Form

:

Limited

Legal Form - Abbreviation

:

LTD

Operational Status of Business

:

Normal

Date of Registration

:

31 Jul, 2000

Employees

:

1,771

Capital

:

US$ 799

 

 

DIRECTORS/MANAGEMENT

 

Key Person

Legal Title

:

Managing Director

Name

:

Mr. Kevin Matthew Plenty

Nationality

:

British

 

COMPANY MANAGEMENT

 

 

 

Management Listings

 

 

Name

Nationality

Job Description

Dept. / Division

1

Mr. Graham Gallick

British

General Manager

-

2

Mr. Kevin Matthew Plenty

British

Manager

Country

3

Mr. Kakada Van

Cambodian

Manager

-

 

 

Management Details - 1

Personal Unique Identifier

:

MI03748163

Name

:

Mr. Graham Gallick

 

Email

:

graham.gallick@quantumclothing.com

 

 

Management Details - 2

Personal Unique Identifier

:

MI03000884

Name

:

Mr. Kevin Matthew Plenty

 

Email

:

kevin.plenty@quantumclothing.com

Other Positions

Country

Company name

Position

 

Cambodia

GARMENT MANUFACTURERS ASSOCIATION IN CAMBODIA

Executive Director

 

 

Management Details - 3

Personal Unique Identifier

:

MI03748164

Name

:

Mr. Kakada Van

 

Email

:

Kakada.van@quantumclothing.com

 

 

COMPANY DIRECTORS

1

 

 

 

Personal Unique Identifier

:

MI03000884

 

Name

:

Mr. Kevin Matthew Plenty

 

Email

:

kevin.plenty@quantumclothing.com

Other Positions

Country

Company name

Position

 

Cambodia

GARMENT MANUFACTURERS ASSOCIATION IN CAMBODIA

Executive Director

 

 

 

 

 

 

NEGATIVE INFORMATION

 

REPUTATION

Reference checking for the purpose of establishing QUANTUM CLOTHING CAMBODIA 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

 

 

 

 

SHARE & SHARE CAPITAL INFORMATION

 

CAPITAL (Currency: KHR - Cambodia Riel)

Authorized Capital

:

3,200,000

 

 

SHAREHOLDERS

 

Total number of shareholders

:

1

Total number of shares

:

1,000

 

Currency

:

KHR - Cambodia Riel

 

No.

Shareholders

Country

Shares

Number

Amount (KHR)

%

1

Mr. Michael David Shotton

United Kingdom

1,000

n/a

100.00

Total

1,000

n/a

100.00

 

 

 

 

PAYMENT INFORMATION

 

DOMESTIC SALES & PURCHASES

 

Annual Sales Analysis

Percentage

Domestic Sales

70%

International Sales (Export)

30%

Annual Purchases Analysis

Percentage

Local Purchases

80%

Imports

20%

 

 

PAYMENT TERMS

Selling

Type

Terms

Local

Cash on delivery (COD)

Credit - Secured with Post-dated checks 30~90 days

Export

Letter of Credit (At-sight)

Telegraphic Transfer (T/T) - Received at time of transaction

 

Purchasing

Type

Terms

Local

Cash on delivery (COD)

Credit - Secured with Post-dated checks 30~90 days

Import

Letter of Credit (At-sight)

Telegraphic Transfer (T/T) - Executed at time of transaction

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

RELATED PARTIES (Subsidiaries , Joint-ventures & Affiliates)

The following provides a summary of the number of businesses that are related to QUANTUM CLOTHING CAMBODIA LTD:

 

TYPE

INTERNATIONAL

Africa

Asia / Pacific

Europe

Middle-East

North America

South America

TOTAL

Subsidiaries

-

-

-

-

-

-

-

Joint-Ventures

-

-

-

-

-

-

-

Minority shareholdings

-

-

-

-

-

-

-

Affiliates

-

-

1

-

-

-

1

Liaison / Representative Offices

-

-

-

-

-

-

-

 

International

 

Business Entity Name

:

QUANTUM CLOTHING GROUP LTD

Global Identifier

:

P0757319

Country

:

United Kingdom

Relationship

:

Affiliate

Operational Address

:

North St, Nottingham, Nottinghamshire NG172PE

Primary Business Activity

:

Manufacturer

Industry

:

Garments & Accessories

 

FINANCIAL INFORMATION

 

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.

 

 

FOREIGN EXCHANGE RATES

 

Today's Exchange rate

:

1.00 KHR
Cambodia Riel

=

0.000250 USD
United States Dollars

 

 

ADDITIONAL INFORMATION

 

Report Details

 

 

Country

:

Cambodia

Business Entity Name

:

QUANTUM CLOTHING CAMBODIA LTD

Primary Business Activity

:

Manufacturer

Primary Industry

:

Garments & Accessories

Office Contact Details

Operating Address

:

313AB Phom Trapeang Thleng Sangkat Chom Chao (St 217) Veng Sreng Rd, Khan Dankor, Phnom Penh

Tel

:

[+855] 23-865162

 

:

[+855] 23-802162

Mobile

:

[+855]-78777228

 

:

[+855]-12811251

Fax

:

[+855] 23-865164

 

:

[+855] 23-802164

Email

:

adrian.ross@quantumclothing.com
kevin.plenty@quantumclothing.com

Website Details

Website

:

http://www.quantumclothing.com

Status

:

Normal - operational

Country of Registration

:

United Kingdom

Ownership Type

:

Registered ownership by a related third party

Owner Country

:

United Kingdom

Owner Name

:

QUANTUM CLOTHING GROUP LTD

Tax / VAT Details

VAT Issuing Authority

:

Ministry of Finance & Economics

VAT Number

:

100052436

 

 

Primary Products

 

Products / Materials / Services Description

Activity

Casual shirts

Manufacturing, Exporting

Clothing apparel

Manufacturing, Exporting

Garments

Manufacturing, Exporting

Hosiery

Manufacturing, Exporting

Ladies' casual wears

Manufacturing, Exporting

 

SIC PRODUCT CLASSIFICATION & ACTIVITY

 

Product/Service Description

Code

Activity

Apparel and accessories, nspf

2389

Manufacturing, Exporting

Apparel/Other Textile Products

2300

Manufacturing, Exporting

Dresses/Blouses/Shirts, child

2361

Manufacturing, Exporting

Female/Child Clothing

5137

Manufacturing, Exporting

Hosiery Exc Socks, Female

2251

Manufacturing, Exporting

Hosiery, nspf

2252

Manufacturing, Exporting

Knit Under/Nightwear Mills

2254

Manufacturing, Exporting

Men's and boys' clothing, nspf

2329

Manufacturing, Exporting

Men's and boys' shirts

2321

Manufacturing, Exporting

Women's and misses' blouses and shirts

2331

Manufacturing, Exporting

 

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description

Code

Activity

Articles of apparel

4203100090

Manufacturing, Exporting

Articles of apparel & clothing accessories-knitted or crocheted

6100

Manufacturing, Exporting

Articles of apparel & clothing accessories-not knitted or crocheted

6200

Manufacturing, Exporting

Garment's, men's and boys', not knit

621040

Manufacturing, Exporting

Garments nesoi, knitted or crocheted

6114

Manufacturing, Exporting

Made-up articles of textile materials

6307

Manufacturing, Exporting

Made-up clothing access nesoi, garment etc parts

6217

Manufacturing, Exporting

Made-up clothing access nesoi. parts etc. knit etc

6117

Manufacturing, Exporting

Pantyhose, socks & other hosiery, knit or crocheted

6115

Manufacturing, Exporting

T-shirts, singlets, tank tops etc, knit or crocheted

6109

Manufacturing, Exporting

 

 

DETAILED PRODUCT CLASSIFICATION & ACTIVITY

Products / Materials / Services Description

Ranking

Activity

Lingerie

Primary

Manufacturing, Exporting

Mens casual shirt

Primary

Manufacturing, Exporting

Shirts

Primary

Manufacturing, Exporting

Socks

Primary

Manufacturing, Exporting

Underwear

Primary

Manufacturing, Exporting

 

CORE BUSINESS DESCRIPTION

Core Business

The primary business focus of QUANTUM CLOTHING CAMBODIA LTD is Manufacturing - Finished products.

Key products include :

Casual shirts

Clothing apparel

Garments

Hosiery

Ladies' casual wears

Lingerie

Mens casual shirt

Shirts

Socks

Underwear


An integral part of the core business includes:

Distribution

 

Supplementary Business

In addition to the core business, QUANTUM CLOTHING CAMBODIA LTD also is engaged in the following areas of business:

Exporting

Exporting - Finished products

Importing

Importing - Raw materials

 

INTERNATIONAL TRADE - Activity & Markets

 

Country / Region

Estimated level of importance

Trading Activity

Asia / Pacific

Medium

Importing

Europe

Medium

Exporting

United Kingdom

Medium

Exporting

 

 

OVERSEAS CUSTOMERS

 

Business Entity Name

Global Identifier

Country

MARKS AND SPENCER PLC

P0004749

United Kingdom

 

 

OVERSEAS AGENTS AND DISTRIBUTORS

 

Agent

:

MARKS AND SPENCER PLC

Global Identifier

:

P0004749

Country of Origin

:

United Kingdom

Year

:

2010

 

 

OFFICE & FACILITIES

 

The following information relates to the Business Entity's office as listed above:

Name

:

QUANTUM CLOTHING CAMBODIA LTD - KHAN DANKOR, PHNOM PENH

Primary Use

:

Office & Administration facilities

Address

:

313AB Phom Trapeang Thleng Sangkat Chom Chao (St 217) Veng Sreng Rd, Khan Dankor, Phnom Penh

Country

:

Cambodia

Status

:

Operational

 

 

AWARDS

 

 

#

Award Name

Awarded by

Awarded Date

1

Corporate Citizenship Awards

INTERNATIONAL FINANCE CORP

2005 - Feb 4

 

 

STRATEGIC PARTNER/S & ALLIANCES

 

 

Group / Alliance name

:

QUANTUM CLOTHING GROUP CO

 

 

 

 

 

 

NOTES & COMMENTS

 

N/a

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.60.47

UK Pound

1

Rs.100.43

Euro

1

Rs.79.40

 

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

SHG

 

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.