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MIRA INFORM REPORT
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Report No. : |
484752 |
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Report Date : |
12.01.2018 |
IDENTIFICATION DETAILS
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Name : |
CHEA CHAMNAN LABORATOIRE CO LTD |
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Registered Office : |
National Rd St 6A Backheng Loe Village Sangkat Backheng Khan Chroy Changvar, Khan Russey Keo, Phnom Penh |
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Country : |
Cambodia |
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Date of Incorporation : |
19.10.2015 |
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Com. Reg. No.: |
00002284 |
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Legal Form : |
Private Company with Limited Liability |
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Line of Business : |
· Manufacture of instruments and appliances for measuring, testing and navigation · Manufacture of pharmaceutical preparations · Manufacture of weapons and ammunition |
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No. of Employees : |
200 [2018] |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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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 (30.06.2017) |
Current Rating (30.09.2017) |
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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 at least 7%
since 2011. The tourism, garment, construction and real estate, and agriculture
sectors accounted for the bulk of growth. Around 600,000 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 in 2017. 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.
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Source
: CIA |
Company
Summary
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Business Name |
CHEA CHAMNAN LABORATOIRE CO LTD |
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Country |
CAMBODIA |
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Company Registration Number |
00002284 |
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Main Activity Code |
2651 |
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Main Activity Description |
Manufacture of instruments and appliances for
measuring, testing and navigation |
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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 |
CHEA CHAMNAN LABORATOIRE CO LTD |
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Registered Company Name |
CHEA CHAMNAN LABORATOIRE CO LTD |
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Company Registration Number |
00002284 |
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Country |
CAMBODIA |
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VAT Registration Number |
K008-150000537 |
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VAT Registration Date |
2015-10-19 |
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Date of Company Registration |
2016-03-25 |
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Date of Starting Operations |
2016-03-25 |
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Commercial Court |
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Legal Form |
Private Company with Limited Liability |
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Type of Ownership |
Registered ownership by Subject Business Entity |
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Company Status |
Normal (Active) |
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Principal Activity Code |
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Principal Activity Description |
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Contact Telephone Number |
N/A |
Main
Address
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Address |
Country |
Telephone |
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National Rd St 6A Backheng Loe Village Sangkat Backheng Khan Chroy Changvar, Khan Russey Keo, Phnom Penh |
CAMBODIA |
N/A |
Other
Address
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No other addresses for this company. |
Previous
Address
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No previous addresses for this company. |
Activities
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Activity Code |
Activity Description |
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2651 |
Manufacture of instruments and appliances for
measuring, testing and navigation |
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2120 |
Manufacture of pharmaceutical preparations |
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2540 |
Manufacture of weapons and ammunition |
Email
Addresses
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Web
Pages
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Employee
Information
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Date Reported Number of Employees |
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2018 200 |
Banker
Information
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No banker information for this company. |
Advisors
Information
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No advisor information for this company. |
Miscellaneous
Information
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Fax Number |
N/A |
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Export Countries |
Asia / Pacific |
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Import Countries |
Asia / Pacific |
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Additional Business Information |
Core Business The primary business focus of
CHEA CHAMNAN LABORATOIRE CO LTD is
Manufacturing - Finished products.
Key products include : Pharmaceutical products Medicine products An integral
part of the core business includes: Distribution. Supplementary Business: In
addition to the core business, CHEA CHAMNAN
LABORATOIRE CO LTD also is engaged in the following areas of business:
1. Importing: Importing - Finished
products, Importing - Raw materials. 2. Trading: Trading - Finished products. |
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Additional Rating Information |
Good Credit Quality: Credit can proceed on a
favorable basis but in strict adherence to financig terms.Revision of Credit Limit
: Annual. Risk Index : Low. |
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Additional Payment Information |
Selling Type Terms Local
Cash on delivery (COD)
Credit - Unsecured 30~120 days
Export Telegraphic Transfer (T/T) - Received at time of transaction
Letter of Credit (At-sight) Purchasing Type Terms
Import Letter of Credit (At-sight) Telegraphic Transfer (T/T) -
Executed at time of transaction Local Credit - Unsecured 30~120 days Cash on
delivery (COD) |
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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. |
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Number of Employees at Address |
200 |
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Number of Employees at Group |
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Number of Employees at Factory |
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Additional
Miscellaneous Information
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Issuing Authority |
MINISTRY OF COMMERCE - COMMERCIAL REGISTRY (MOC) |
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Primary Business Activity |
Manufacturer |
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Primary Industry |
Medical Equipment & Pharmaceuticals |
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Note |
Fixed land telephone lines in Cambodia do exist and
are used. However, the telecommunications network and infrastructure that supports land telephone lines
is exceptionally dated,
and incapable of handling the current market demand for
commercial use. Therefore through necessity, a large number
of companies in Cambodia are obliged to rely on use of cellular and mobile phone
networks. |
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Previous Business License/S |
License Date License No. 7 Jun, 2005 Inv. 945/05P |
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Supplementary Business |
In addition to the core business, CHEA CHAMNAN LABORATOIRE CO LTD also is engaged
in the following
areas of business: 1.Importing Importing - Finished products Importing - Raw
materials 2.Trading Trading - Finished products. |
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Domestic Sales & Purchases(Annual Sales Analysis Percentage) |
Domestic Sales 90% International Sales (Export)
10% Local Purchases 80% Imports 20% |
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Reputation |
Reference checking for the purpose of establishing CHEA CHAMNAN LABORATOIRE CO
LTD's reputation within the respective
industry failed to reveal any adverse information. |
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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 |
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Approved Signatures |
The Company Director/s listed below maintain the legal right
to sign on behalf of the company: Name Mr. Chea Chamnan |
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Previous Contact Details |
1. Telephone Number: 855-23-211299, Fax Number:
855-23-720999 2. Telephone Number: 855-23-211390, Fax Number: 855-23-354999. |
Financial
Information
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No financial information for this company. |
Current
Directors
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Name |
Gender |
Address |
Position |
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Chea Chamnan |
Male |
1Eo St 173 Sangkat Olympic, Khan Chamkarmorn,
Phnom Penh |
Chairman Chief Executive Officer |
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Duong Samoeun |
Male |
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Manager |
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Previous
Directors
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No previous directors for this company. |
Share
Capital Structure
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Nominal Share Capital 1.000.000
USD |
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Issued Share Capital 1.000.000
USD |
Shareholders
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Shareholder |
Address |
% Shares Held |
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Mr. Chea Chamnan |
Cambodia |
100 |
Group
Structure
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No group structure information for this company |
Negative
Information
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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 63.74 |
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1 |
INR 86.01 |
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Euro |
1 |
INR 76.14 |
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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 : |
TPT |
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
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Company
background and operations size
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Promoters
/ Management background
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Payment
record
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Litigation
against the subject
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Industry
scenario / competitor analysis
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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.