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MIRA INFORM REPORT
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Report No. : |
498343 |
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Report Date : |
22.03.2018 |
IDENTIFICATION DETAILS
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Name : |
ROYAL TRUST TRADING CO LTD |
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Registered Office : |
70B St 70 Sangkat Sras Chak, Khan Daun Penh, Phnom
Penh |
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Country : |
Cambodia |
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Date of Incorporation : |
25.03.2016 |
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Com. Reg. No.: |
00003173 |
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Legal Form : |
Private Company with Limited Liability |
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Line of Business : |
Cargo Handling |
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No. of Employees : |
15 [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 (30.09.2017) |
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 |
ROYAL TRUST TRADING CO LTD |
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Country |
CAMBODIA |
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Company Registration Number |
00003173 |
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Main Activity Code |
5224 |
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Main Activity Description |
Cargo handling |
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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 |
ROYAL TRUST TRADING CO LTD |
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Registered Company Name |
ROYAL TRUST TRADING CO LTD |
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Company Registration Number |
00003173 |
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Country |
CAMBODIA |
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VAT Registration Number |
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VAT Registration Date |
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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 |
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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 |
[+855] 23-997692/ [+855]-12737083/ [+855]-12800098 |
Main
Address
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Address |
Country |
Telephone |
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70B St 70 Sangkat Sras Chak, Khan Daun Penh, Phnom
Penh |
CAMBODIA |
[+855] 23-997692/ [+855]-12737083/ [+855]-12800098 |
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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5224 Cargo handling |
Email
Addresses
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Web
Pages
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No web pages for this company. |
Employee
Information
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Date Reported Number of Employees |
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2018 15 |
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 |
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Import Countries |
Asia / Pacific |
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Additional Business Information |
Core Business:
The primary business focus of
ROYAL TRUST TRADING CO LTD is Specialized professional services, including: Freight forwarding. Key
service include : Cargo services, An integral part of the core business
includes: Land transportation. Supplementary Business: In addition to the core
business, ROYAL TRUST TRADING CO
LTD also is engaged in the following areas of business:
1. Importing, Importing -
Finished products, 2. Trading, Trading - Finished products. |
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Additional Rating Information |
Average Credit Quality: Credit can proceed ONLY on
strict financing terms. Proposed Credit Limit: USD $19,000. Revision of Credit Limit: Periodic
/quarterly. Risk Index: Medium. |
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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 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 |
15 |
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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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Primary Business Activity |
Service |
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Key Industry |
Transportation |
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Operational Address |
3Fl Parkway Square 113 Mao Tse Toung Blvd (St
245), Phnom Penh 12308 |
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Issuing Authority |
MINISTRY OF COMMERCE - COMMERCIAL REGISTRY (MOC) |
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Primary Products (Products / Materials / Services Description: Activity) |
Cargo services, Freight forwarding: Service |
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Domestic Sales & Purchases |
Annual Sales Analysis: Percentage Domestic Sales:
100% Annual Purchases Analysis: Percentage Local Purchases: 60% Imports: 40% |
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Reputation |
Due to the recent
incorporation of the ROYAL TRUST
TRADING CO LTD, 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 |
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Office & Facilities |
The following information relates to the Business Entity's office as listed
above: Name: ROYAL
TRUST TRADING CO LTD - PHNOM
PENH Primary Use:
Office & Administration facilities Address: 3Fl
Parkway Square 113 Mao Tse Toung
Blvd (St 245), Phnom
Penh 12308 Country: Cambodia Status:
Operational |
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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Chhin Sophal |
Male |
Cambodian |
Chairman |
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Bun Vuthy |
Unknown |
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Director |
Previous
Directors
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No previous directors for this company. |
Share
Capital Structure
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Nominal Share Capital 20.000.000 |
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Issued Share Capital |
Shareholders
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Shareholder |
Address |
% Shares Held |
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Mr. Chhin Sophal |
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55 |
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Mr. Bun Vuthy |
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45 |
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 65.22 |
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1 |
INR 91.33 |
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Euro |
1 |
INR 79.96 |
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KHR |
1 |
INR 0.017 |
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
·
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.