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Report No. : |
318366 |
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Report Date : |
29.04.2015 |
IDENTIFICATION DETAILS
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Name : |
HENG CHIA IMPORT EXPORT CO LTD |
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Registered Office : |
9 St 135 Cnr 472 Sangkat Toul Tum Poung I, Khan Chamcarmorn, Phnom Penh |
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Country : |
Cambodia |
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Date of Incorporation : |
27.07.2005 |
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Legal Form : |
Private Company with Limited Liability |
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Line of Business : |
Not Available [We tried to confirm / obtain the detailed activity but the same is not
available from any sources] |
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No. of Employee : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Cambodia |
B2 |
B2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
CAMBODIA - ECONOMIC OVERVIEW
Since 2004, garments, construction, agriculture, and tourism have driven Cambodia's growth. GDP climbed at least 7% per year between 2011 and 2014. The garment industry currently employs about 500,000 people and accounts for some 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. A 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. Worker unrest over labor conditions and the minimum monthly wage will prove challenging.
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Source
: CIA |
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Organization Name |
: |
HENG CHIA IMPORT EXPORT CO LTD |
|
Address |
: |
9 St 135 Cnr 472 Sangkat Toul Tum Poung I, Khan Chamcarmorn, Phnom Penh |
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Country |
: |
Cambodia |
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Operating Status: Investigation can not confirm operational
status of Subject Business Entity.
Thus it has not been possible to conduct the normal due diligence
process and assessment of credit worthiness. |
||
Key
Facts
|
||
|
Registered Legal Address |
: |
9 St 135 Cnr 472 Sangkat Toul Tum Poung I, Khan Chamcarmorn, Phnom
Penh |
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Operational Address |
: |
9 St 135 Cnr 472 Sangkat Toul Tum Poung I, Khan Chamcarmorn, Phnom
Penh |
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Issuing Authority |
: |
Ministry of Commerce - Commercial Registry - National |
|
License Number |
: |
791905P |
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License Status |
: |
License exists - But no trace of any Operational office. |
|
Legal Form - Category |
: |
Private Company with Limited Liability |
|
Legal Form |
: |
Company Limited |
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Legal Form - Abbreviation |
: |
CO LTD |
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Operational Status of Business |
: |
It was NOT possible to confirm the operational status. (1) |
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Date of Registration |
: |
27 Jul, 2005 |
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Capital |
: |
US$ 5,063 |
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Note |
: |
(1) Due to the lack of SBE's operational status,
and circumstances involved, the information as listed below is only
historical / on-file data and as such it has not been possible to verify
against any current sources. |
Key Person
|
Legal Title |
: |
Chairman |
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Name |
: |
Mr. Touch Sor |
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Registered Address |
: |
348 St 369 Sangkat Chbar Ampoeuv2, Khan Mean Chey, Phnom Penh |
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Nationality |
: |
Cambodian |
COMPANY
MANAGEMENT
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Management Listings |
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REPUTATION |
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Due to the prevailing circumstances regarding the status of HENG CHIA
IMPORT EXPORT CO LTD, assessment of reputation is not relevant. |
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NEGA-SCAN - ADVERSE DATA MONITORING |
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CAPITAL (Currency: KHR - Cambodia Riel) |
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SHAREHOLDERS |
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N/a
N/a
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FINANCIAL STATEMENT - DETAILED |
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Based on the corporate laws of Cambodia, legal entities which are a Private
Company with Limited Liability are not required to make public disclosure of
their annual financials. Although basic financials were obtained for
reference. |
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Today's Exchange rate |
: |
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Report Details |
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N/a
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.33 |
|
|
1 |
Rs.96.52 |
|
Euro |
1 |
Rs.68.93 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
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|
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Report Prepared
by : |
ASH |
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.