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MIRA INFORM REPORT
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Report No. : |
492082 |
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Report Date : |
23.02.2018 |
IDENTIFICATION DETAILS
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Name : |
INDO NEPAL-CRAFT |
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Registered Office : |
Shop 2 Siem Reap Art Center
Night Market Voat Damnak, Sangkat Sala Kamraeuk, Siem Reap, Siem Reap 17254 |
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Country : |
Cambodia |
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Date of Incorporation : |
05.04.2017 |
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Com. Reg. No.: |
50003957 |
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Legal Form : |
Sole-proprietorship |
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Line of Business : |
Other retail sale of new
goods in specialised stores |
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No. of Employees : |
1 [2018] |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
NB |
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Credit Rating |
Explanation |
Rating Comments |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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Status : |
New Business |
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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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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Cambodia |
B2 |
B2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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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 50,000 people in construction. Tourism has continued to grow rapidly with foreign arrivals exceeding 2 million per year since 2007 and reaching around 4.5 million visitors in 2014. 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. As of 2012, approximately 2.66 million people live on less than $1.20 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 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 30% 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.
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 of about 9% of GDP since 2011.
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Source : CIA |
COMPANY
NAME
INDO NEPAL-CRAFT
Company Summary
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Business Name |
INDO NEPAL-CRAFT |
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Country |
CAMBODIA |
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Company Registration Number |
50003957 |
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Main Activity Code |
4778 |
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Main Activity Description |
Other retail sale of new goods in specialised stores |
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Company Status |
Normal (Active) |
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Latest Turnover Figure |
- |
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Latest Shareholder Equity Figure |
- |
Basic Information
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Business Name |
INDO NEPAL-CRAFT |
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Registered Company Name |
INDO NEPAL-CRAFT |
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Company Registration Number |
50003957 |
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Country |
CAMBODIA |
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Date of Company Registration |
2017-04-05 |
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Date of Starting Operations |
2017-04-05 |
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Legal Form |
Sole-proprietorship |
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Company Status |
Normal (Active) |
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Contact Telephone Number |
[+855]-15452198 |
Main Address
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Address |
Country |
Telephone |
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Shop 2 Siem Reap Art Center Night Market Voat Damnak,
Sangkat Sala Kamraeuk, Siem Reap, Siem Reap 17254 |
CAMBODIA |
[+855]-15452198 |
No other addresses for this company.
No previous addresses for this company.
Activities
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Activity Code |
Activity Description |
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4778 |
Other retail sale of new goods in specialised stores |
No web pages for this company.
Employee Information
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Date Reported |
Number of Employees |
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2018 |
1 |
No banker information for this company.
Advisors Information
No advisor information for this company.
Miscellaneous Information
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Fax Number |
N/A |
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Import Countries |
Asia /Pacific, Nepal |
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Additional Business Information |
Core Business: The primary business
focus of INDO NEPAL-CRAFT is Importing - Finished products. Key products
include: Giftware, Handicraft articles, Handicrafts, Souvenir. Supplementary
Business: In addition to the core business, INDO NEPAL-CRAFT also is engaged
in the following areas of business: 1. Trading: Trading - Finished products |
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Additional Payment Information |
Selling: Local: Cash on delivery
(COD), Credit - Secured with Post-dated checks 30~60 days. Purchasing:
Import: Letter of Credit (At-sight), Telegraphic Transfer (T/T) - Executed at
time of transaction. |
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Additional Financial Information |
Based on the corporate laws of Cambodia,
legal entities which are a Sole-proprietorship are not required to make
public disclosure of their annual financials. Therefore no financials are
available for this entity |
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Number of Employees at Address |
1 |
Additional Miscellaneous Information
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Issuing Authority |
Ministry Of Commerce - Commercial Registry (Moc) |
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Note |
(1) Not applicable. According to
the corporate statutory laws for this type of Legal Form - Category (Sole- proprietorship)
in Cambodia, there is no requirement for Authorized Capital. |
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Domestic Sales & Purchases |
Annual Sales Analysis: Domestic
Sales: 100%. Annual Purchases Analysis: Imports: 100%. |
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Reputation |
Due to the recent incorporation of
the INDO NEPAL-CRAFT, 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 |
Dishonored Checks, Debt, Civil Litigation,
Performance Defaults, Adverse Local Media Coverage / Adverse Filing History:
No Record Found. |
No financial information for this company.
Current Directors
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Name Gender |
Address |
Date of |
Position |
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Birth |
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Thapa Magar Rajani Unknown |
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Proprietor (2017-04-05) |
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Owner (2017-04-05) |
No previous directors for this company.
Share Capital Structure
No share capital information for this company
No group structure information for this company
Negative Information
No negative information for this company
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.05 |
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1 |
INR 90.41 |
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Euro |
1 |
INR 79.83 |
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KHR |
1 |
INR 0.016 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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PRI |
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Report Prepared
by : |
SYL |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on secured
terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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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
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Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.