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MIRA INFORM REPORT
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Report No. : |
493141 |
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Report Date : |
01.03.2018 |
IDENTIFICATION DETAILS
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Name : |
MENG HAK HENG ORGANISATION PLASTIC CO LTD |
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Registered Office : |
125 Preah Monivong Blvd St 93 Phum 1 Monourom Prampi, 7
Makara, Phnom Penh 12251 |
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Country : |
Cambodia |
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Date of Incorporation : |
04.07.2016 |
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Com. Reg. No.: |
00016414 |
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Legal Form : |
Private Company with Limited Liability |
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Line of Business : |
Manufacture of plastics in primary forms |
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No. of Employees : |
21 |
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 : |
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 Summary
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Business
Name |
MENG
HAK HENG ORGANISATION PLASTIC CO LTD |
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Country |
CAMBODIA |
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Company
Registration Number |
00016414 |
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Main
Activity Code |
2016 |
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Main
Activity Description |
Manufacture
of plastics in primary forms |
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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 |
MENG
HAK HENG ORGANISATION PLASTIC CO LTD |
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Registered
Company Name |
MENG
HAK HENG ORGANISATION PLASTIC CO LTD |
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Company
Registration Number |
00016414 |
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Country |
CAMBODIA |
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Date
of Company Registration |
2016-07-04 |
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Date
of Starting Operations |
2016-07-04 |
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Legal
Form |
Private
Company with Limited Liability |
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Company
Status |
Normal
(Active) |
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Contact
Telephone Number |
[+855]
23-309996, [+855]-12485888, [+855]-12801827, [+855]-12999996 |
Main
Address
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Address |
Country |
Telephone |
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376
Mao Tse Toung St 245, Phnom Penh |
CAMBODIA |
[+855]
23-309996, [+855]-12485888, [+855]-12801827, [+855]-12999996 |
Other Address
No
other addresses for this company.
Previous Address
No previous addresses for this company
Activities
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Activity
Code |
Activity
Description |
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2016 |
Manufacture
of plastics in primary forms |
Email Addresses
Web Pages
No
web pages for this company.
Employee
Information
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Date
Reported |
Number
of Employees |
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2018 |
21 |
Banker Information
No
banker information for this company.
Advisors
Information
No
advisor information for this company.
Miscellaneous
Information
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Fax Number |
[+855] 23-211250 |
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Import Countries |
Asia / Pacific |
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Additional Business Information |
Core Business The primary business focus of MENG HAK HENG ORGANISATION PLASTIC CO LTD is Importing - Finished products. Key products include : Household goods Plastic containers Plastics An integral part of the core business includes: Distribution Supplementary Business In addition to the core business, MENG HAK HENG ORGANISATION PLASTIC CO LTD also is engaged in the following areas of business: Trading Trading - Finished products |
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Additional Payment Information |
Selling Type Terms Local Cash on delivery (COD) Credit - Unsecured 30~60 days Purchasing Type Terms Import Letter of Credit (At-sight) Telegraphic Transfer (T/T) - Executed at time of transaction Local Credit - Unsecured 30~60 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 |
21 |
Additional
Miscellaneous Information
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Registered Legal Address |
125 Preah Monivong Blvd St 93 Phum 1 Monourom Prampi, 7 Makara, Phnom Penh 12251 |
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Issuing Authority |
MINISTRY OF COMMERCE - COMMERCIAL REGISTRY (MOC) |
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Previous Business License/S |
License Date License No. 30 Dec, 2003 Co. 6619KH/2003 |
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Primary Products |
Products / Materials / Services Description Activity Household goods importing, Trading Plastic containers Importing, Trading Plastics Importing, Trading |
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Domestic sales & purchases |
Annual Sales Analysis Percentage Annual Sales Analysis Percentage Domestic Sales 100% Annual Purchases Analysis Percentage Local Purchases 40% Imports 60% |
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Reputation |
Reference checking for the purpose of establishing MENG HAK HENG ORGANISATION PLASTIC 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 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 |
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Shareholders |
Total number of shareholders : 1 Total number of shares : 1,000 |
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Capital |
US$ 4,952 |
Financial Information
No
financial information for this company.
Current
Directors
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Name |
Gender |
Address |
Position |
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Chom-Roeun Sok |
Male |
349 Phum 3 Boeng Kak Muoy, Toul Kouk, Phnom Penh 12151 |
Chairman Director |
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Chhay Ly |
Female |
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Managing Director |
Previous Directors
No
previous directors 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 64.10 |
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UK Pound |
1 |
INR 94.44 |
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Euro |
1 |
INR 79.59 |
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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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VAR |
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Report Prepared
by : |
KET |
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.