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MIRA
INFORM REPORT
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Report No. : |
498945 |
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Report Date : |
28.03.2018 |
IDENTIFICATION DETAILS
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Name : |
MLB EXPRESS CO LTD |
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Registered Office : |
84 BEo St 210 Tuek L'ak
Bei, Khan Tuol Kouk, Phnom Penh |
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Country : |
Cambodia |
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Date of Incorporation : |
16.01.2017 |
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Com. Reg. No.: |
00022568 |
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Legal Form : |
Private Company with
Limited Liability |
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Line of Business : |
·
Cargo handling ·
Other transportation support activities |
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No. of Employees : |
10 [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 Summary
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Business
Name |
MLB
EXPRESS CO LTD |
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Country |
CAMBODIA |
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Company
Registration Number |
00022568 |
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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) |
Basic Information
|
Business
Name |
MLB
EXPRESS CO LTD |
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Registered
Company Name |
MLB
EXPRESS CO LTD |
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Company
Registration Number |
00022568 |
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Country |
CAMBODIA |
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VAT
Registration Number |
K005-103005188 |
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VAT
Registration Date |
2017-09-27 |
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Date of
Company Registration |
2017-01-16 |
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Date of
Starting Operations |
2017-01-16 |
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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]
23-885707 [+855] 23-885708/ [+855]-12812872/ [+855]-16377888/
[+855]-12511566/ [+855]-11700678/ [+855]-974806669 |
Main Address
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Address |
Country |
Telephone |
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84 BEo
St 210 Tuek L'ak Bei, Khan Tuol Kouk, Phnom Penh |
CAMBODIA |
[+855]
23-885707 [+855] 23-885708/ [+855]-12812872/
[+855]-16377888/ [+855]-12511566/ [+855]-11700678/ [+855]-974806669 |
Other Address
No other addresses for this company.
Previous Address
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Address |
Country |
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83-85 St Northbridge Sangkat Teuk Thlar,
Khan Sen Sok, Phnom Penh CAMBODIA 12102 |
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43 St Northbridge Sangkat Teuk Thlar, Khan
Sen Sok, Phnom Penh 12102 CAMBODIA |
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Activities
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Activity
Code |
Activity
Description |
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5224 |
Cargo
handling |
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5229 |
Other
transportation support activities |
Email Addresses
Web Pages
Employee Information
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Date
Reported |
Number
of Employees |
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2018 |
10 |
Banker Information
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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Additional
Business Information |
Core Business: The primary business focus of MLB EXPRESS CO LTD is
Specialized professional services, including: Cargo transportation, Logistic
services, Shipping services, Transportation, Key service include: Freight
forwarding. |
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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 |
10 |
Additional Miscellaneous Information
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Primary
Business Activity |
Service |
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Key
Industry |
Transportation |
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Registered
Legal Address |
84 BEo
St 210 Tuek L'ak Bei, Khan Tuol Kouk, Phnom Penh |
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Issuing
Authority |
MINISTRY
OF COMMERCE - COMMERCIAL REGISTRY (MOC) |
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Capital |
N/a |
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Note |
According to the corporate statutory laws for this type of Legal Form
- Category (Private Company with Limited Liability) in Cambodia, there is no
requirement for Authorized Capital. |
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Ownership
Type |
Registered ownership by Subject Business Entity |
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Tax
Issuing Authority |
MINISTRY OF FINANCE & ECONOMICS |
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Primary
Products (Products / Materials / Services Description: Activity) |
Cargo transportation, Freight forwarding, Logistic services, Shipping
services, Transportation: Service. |
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Reputation |
Reference checking for the purpose of establishing MLB EXPRESS 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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Shareholders |
Not available - According to the corporate statutory laws for this
type of Legal Form - Category (Private Company with Limited Liability) in
Cambodia, there is no public disclosure of Shareholders. |
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Office
& Facilities |
The following information relates to the Business Entity's office as
listed above: Name: MLB EXPRESS CO LTD - KHAN TUOL KOUK, PHNOM PENH Primary
Use: Office & Administration facilities Address: 84 BEo St 210 Tuek L'ak Bei, Khan Tuol Kouk, Phnom Penh Country: Cambodia
Status: Operational |
Financial
Information
No financial information for this company
Current Directors
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Name |
Gender |
Address |
Date of
Birth |
Position |
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Bun Por |
Male |
160 Tuek
L'ak Pir, Khan Tuol Kouk, Phnom
Penh |
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Chairman |
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Ly-Ching
Seng |
Male |
Cambodian |
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Manager |
Previous
Directors
No
previous directors for this company.
Share
Capital Structure
No share
capital information for this company
Group
Structure
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 64.80 |
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1 |
INR 92.26 |
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Euro |
1 |
INR 80.76 |
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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
: |
VIV |
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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
·
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.