MIRA INFORM REPORT

Report No. :	502524
Report Date :	13.04.2018

IDENTIFICATION DETAILS

Name :	GOODHILL ENTERPRISE (CAMBODIA) LTD
Registered Office :	Goodhill Bldg 214-218 Preah Sihanouk Blvd (St 274) Boeng Keng Kang 2 Khan Chamkarmon, Phnom Penh 12303
Country :	Cambodia
Date of Incorporation :	08.04.2016
Com. Reg. No.:	00002772
Legal Form :	Private Company with Limited Liability
Line of Business :	Wholesale of Perfume and Cosmetics
No. of Employees :	65 [2018]

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

A

Credit Rating	Explanation	Rating Comments
A	Acceptable Risk	Business dealings permissible with moderate risk of default

Status :	Satisfactory
Payment Behaviour :	Slow but correct
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

Country Name	Previous Rating (30.09.2017)	Current Rating (31.12.2017)
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

Cambodia has experienced strong economic growth over the last decade; GDP grew at an average annual rate of over 8% between 2000 and 2010 and about 7% since 2011. The tourism, garment, construction and real estate, and agriculture sectors accounted for the bulk of growth. Around 700,000 people, the majority of whom are women, are employed in the garment and footwear sector. An additional 500,000 Cambodians are employed in the tourism sector, and a further 200,000 people in construction. Tourism has continued to grow rapidly with foreign arrivals exceeding 2 million per year in 2007 and reaching 5.6 million visitors in 2017. Mining also is attracting some investor interest and the government has touted opportunities for mining bauxite, gold, iron and gems.

Cambodia remains one of the poorest countries in Asia and long-term economic development remains a daunting challenge, inhibited by endemic corruption, limited human resources, high income inequality, and poor job prospects. According to the Asian Development Bank (ADB), the percentage of the population living in poverty decreased to 13.5% in 2016. 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 World Bank in 2016 formally reclassified Cambodia as a lower middle-income country as a result of continued rapid economic growth over the past several years. Cambodia’s graduation from a low-income country will reduce its eligibility for foreign assistance and will challenge the government to seek new sources of financing. The Cambodian Government has been 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 20% of the government budget will come from donor assistance in 2018. 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.

Textile exports, which accounted for 68% of total exports in 2017, have driven much of Cambodia’s growth over the past several years. The textile sector relies on exports to the United States and European Union, and Cambodia’s dependence on its comparative advantage in textile production is a key vulnerability for the economy, especially because Cambodia has continued to run a current account deficit above 9% of GDP since 2014.

Source : CIA

Company Summary
Business Name	GOODHILL ENTERPRISE (CAMBODIA) LTD
Country	CAMBODIA
Company Registration Number	00002772
Main Activity Code	4645
Main Activity Description	Wholesale of perfume and cosmetics
Company Status	Normal (Active)
Latest Turnover Figure	-
Latest Shareholder Equity Figure	-

Basic Information
Business Name	GOODHILL ENTERPRISE (CAMBODIA) LTD
Registered Company Name	GOODHILL ENTERPRISE (CAMBODIA) LTD
Company Registration Number	00002772
Country	CAMBODIA
VAT Registration Number	L001-100050573
VAT Registration Date	2017-03-31
Date of Company Registration	2016-04-08
Date of Starting Operations	2016-04-08
Commercial Court
Legal Form	Private Company with Limited Liability
Type of Ownership
Company Status	Normal (Active)
Principal Activity Code
Principal Activity Description
Contact Telephone Number	[+855] 23-217889 [+855] 23-217888 [+855] 23-217890 [+855] 23-212758

Main Address
Address	Country	Telephone
Goodhill Bldg 214-218 Preah Sihanouk Blvd (St 274) Boeng Keng Kang 2 Khan Chamkarmon, Phnom Penh 12303	CAMBODIA	[+855] 23-217889 [+855] 23-217888 [+855] 23-217890 [+855] 23-212758

Other Address

No other addresses for this company.

Previous Address

No previous addresses for this company.

Activities

Activity Code Activity Description

4645 Wholesale of Perfume and Cosmetics

Email Addresses

goodhill_rt@bigpond.com.kh

main_acc@goodhill.com.kh

enquiry@goodhill.com

main_atc@goodhill.com.kh

Web Pages

http://www.goodhill.com.kh

Employee Information

Date Reported Number of Employees

2018 65

Banker Information

No banker information for this company.

Advisors Information

No advisor information for this company.

Miscellaneous Information
Fax Number	[+855] 23-213688
Export Countries
Import Countries	Asia / Pacific, Europe, North America, Canada, China, Germany, Hong Kong, Italy, Japan, Malaysia, Netherlands, New Zealand, Taiwan, Thailand, USA, United Kingdom.
Additional Business Information	Core Business: The primary business focus of GOODHILL ENTERPRISE (CAMBODIA) LTD is Importing - Finished products. Key products include: Baby diapers, Ballpoint pens, Bath soaps, Bath, foams, Batteries Calculators, Canned fruits, Color printers, Consumer products, Control devices, Copiers, Copy printers, Cosmetic accessories, Cosmetic products, Dental products, Duplicators, Electronic time recorders, Electronic typewriters, Fax machines, Food products, Fruit juices, Hair conditioners, Instant yeast, Lighting fixtures, Lighting products, Lotions, Lubricating oil, Milk, Office equipment, Pampers, Paper products Pens, Photocopying machine, Photocopying papers, Potato stick snacks, Power products, Sanitary napkins, Scanner, Shampoo, Shaving accessories, Snack food, Snacks, Soaps, Stationery, Toothpastes, Typewriters, Water pumps, Woodfree paper Yeast, An integral part of the core business includes: After sales services & maintenance, Distribution. Supplementary Business: In addition to the core business, GOODHILL ENTERPRISE (CAMBODIA) LTD also is engaged in the following areas of business: 1. Service, Specialized professional services, including: Market research, Sourcing, Wholesaling to local supermarkets, 2. Trading, Trading - Finished products.
Additional Rating Information	Good Credit Quality: Credit can proceed on a favorable basis but in strict adherence to financig terms. Proposed Credit Limit: USD $220,000. Revision of Credit Limit: Annual. Risk Index: Low.
Additional Payment Information	Selling: Type: Local Terms: Cash on delivery (COD), Credit - Unsecured 30~60 days Purchasing: Type: Import Terms: Letter of Credit (At-sight), Telegraphic Transfer (T/T) - Executed at time of transaction
Additional Financial Information	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. Therefore no financials are available for this entity.
Number of Employees at Address	65
Number of Employees at Group
Number of Employees at Factory

Additional Miscellaneous Information
Primary Business Activity	Importer
Key Industry	Consumer Products
Registered Legal Address	Goodhill Bldg 214-218 Preah Sihanouk Blvd (St 274) Boeng Keng Kang 2 Khan Chamkarmon, Phnom Penh 12303.
Issuing Authority	MINISTRY OF COMMERCE - COMMERCIAL REGISTRY (MOC)
Capital	US$ 5,031
Ownership Type	Registered ownership by Subject Business Entity
Tax / VAT Details	Tax Issuing Authority: MINISTRY OF FINANCE & ECONOMICS Tax Number: L001-100050573 Date of Issuance: 31 Mar, 2017 VAT Issuing Authority: MINISTRY OF FINANCE & ECONOMICS VAT Number: 100072003
Previous Business License/S	License Date: License No. 20 Mar, 1996: Inv.156E/1996
Domestic Sales & Purchases	Annual Sales Analysis: Percentage Domestic Sales: 100% Annual Purchases Analysis: Percentage Imports: 100%
Capital	Date: Authorized Capital - History 20 Mar, 1996: 10,000,000 2013: 20,000,000
Reputation	Reference checking for the purpose of establishing GOODHILL ENTERPRISE (CAMBODIA) LTD's reputation within the respective industry failed to reveal any adverse information.
Nega-Scan - Adverse Data Monitoring	Dishonored Checks, Debt, Civil Litigation, Performance Defaults, Adverse Local Media Coverage / Adverse Filing History: No Record Found.
Import Agency Listing	Supplier: CASTROL LTD Global Identifier: P0004895 Country of Origin: United Kingdom Product Description: Lubricating oil Brand/s: #1 Castrol Year: 2005 Supplier: DUTCH MILL CO LTD Global Identifier: 31607371 Country of Origin: Thailand Product Description: Food products Brand/s: #1 DUTCH MILL Year: 2005 Supplier: FERRERO SPA Global Identifier: T0008396 Country of Origin: Italy Product Description: Food products Brand/s: #1 FERRERO Year: 2005 Supplier: FONTERRA CO-OPERATIVE GROUP LTD Global Identifier: P0311546 Country of Origin: New Zealand Product Description: Milk Brand/s: #1 Anlene Year: 2009 Supplier: GILLETTE CO , THE Global Identifier: T0000728 Country of Origin: USA Product Description: Shaving accessories Batteries Brand/s: #1 DURACELL, #2 GILLETTE Year: 2009 Supplier: HAGER ELECTRO LTD Global Identifier: 30415183 Country f Origin: Hong Kong Product Description: Control devices Brand/s: #1 Hager Year: 2005 Supplier: HAWLEY & HAZEL CHEMICAL CO Global Identifier: P0703353 Country of Origin: China Product Description: Toothpastes, Cosmetic products Brand/s: #1 DARLIE Year: 2009 Supplier: I LAN FOODS INDUSTRIAL CO LTD Global Identifier: 31517042 Country of Origin: Taiwan Product Description: Food products Brand/s: #1 WANT-WANT Year: 2005 Supplier: J S STAEDTLER GMBH & CO Global Identifier: P2446126 Country of Origin: Germany Product Description: Stationery Brand/s: #1 STAEDTLER Year: 2005 Supplier: KONINKLIJKE PHILIPS NV Global Identifier: P0812073 Country of Origin: Netherlands Product Description: Lighting products, Lighting fixtures Brand/s: #1 PHILIPS Year: 2005 Supplier: MALEE SAMPRAN PUBLIC CO LTD Global Identifier: 31614362 Country of Origin: Thailand Product Description: Canned fruits, Fruit juices Brand/s: #1 Malee Year: 2009 Supplier: NEW ZEALAND MILK BRANDS LTD Global Identifier: P0878751 Country of Origin: New Zealand Product Description: Milk Brand/s: #1 ANLENE Year: 2005 Supplier: PERFECT FOOD MANUFACTURING (M) SDN BHD Global Identifier: 30821485 Country of Origin: Malaysia Product Description: Food products Brand/s: #1 JULIE'S Year: 2005 Supplier: PERFETTI VAN MELLE SPA Global Identifier: P0078305 Country of Origin: Italy Product Description: Food products Brand/s: #1 ALPENLIEBE, #2 HAPPYDENT, #3 PERFETTI VAN MELLE Year: 2005 Supplier: PROCTER & GAMBLE BUSINESS SERVICES CANADA CO Global Identifier: P0817943 Country of Origin: Canada Product Description: Dental products Brand/s: #1 ORAL-B Year: 2009 Supplier: PROCTER & GAMBLE CO , THE Global Identifier: P0000901 Country of Origin: USA Product Description: Consumer products Brand/s: #1 PROCTER & GAMBLE Year: 2005 Supplier: RICOH CO LTD Global Identifier: P0194295 Country of Origin: Japan Product Description: Color printers, Office equipment Brand/s: #1 RICOH Year: 2000 Supplier: THEO FOERCH GMBH & CO KG Global Identifier: P3222588 Country of Origin: Germany Product Description: Lubricating oil Brand/s: #1 FOERCH Year: 2005
Competitors	CAMBODIA DELTA TRADING CO LTD MEKONG N-E MARKETING CO LTD UY TONG ENTERPRISES CO LTD
Office & Facilities	The following information relates to the Business Entity's office as listed above: Name: GOODHILL ENTERPRISE (CAMBODIA) LTD - PHNOM PENH Primary Use: Office & Administration facilities Address: Goodhill Bldg 214-218 Preah Sihanouk Blvd (St 274) Boeng Keng Kang 2 Khan Chamkarmon, Phnom Penh 12303 Country: Cambodia Status: Operational
Company History (Date: Details)	1993: Commenced its business operations.

Primary Products
Products / Materials / Services Description	Activity
Automotive care products	Importing
Baby diapers	Importing
Ballpoint pens	Importing
Bath soaps	Importing
Bath, foams	Importing

Financial Information

No financial information for this company.

Current Directors
Name	Gender	Address	Position
Boon-Chong Teoh	Male	Singaporean	Chairman

Previous Directors

No previous directors for this company.

Share Capital Structure

Nominal Share Capital 20.000.000

Issued Share Capital 20.000.000

Shareholders
Shareholder	Address	% Shares Held
Mr. Boon-Chong Teoh	Singapore	50
Mr. Geok-San Teoh	Singapore	50

Ultimate Holding Parent

No Ultimate Holding Parent for this company.

Immediate Holding Parent

No Immediate Holding Parent for this company.

Subsidaries

No subsidaries for this company.

Affiliates
Name	Status	Address
GOODHILL ENTERPRISE (S) PTE LTD	Active	Sungei Kadut Industrial Estate 9 Sungei Kadut St 5 728956

Negative Information

No negative information for this company

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 65.35
UK Pound	1	INR 92.70
Euro	1	INR 80.80
KHR	1	INR 0.016

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	VAR
Report Prepared by :	TPT

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
NT	No Trace	No recommendation can be done as the business is not traceable

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

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 are as follows:

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

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.