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MIRA INFORM REPORT
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Report No. : |
506355 |
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Report Date : |
14.05.2018 |
IDENTIFICATION DETAILS
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Name : |
MR CHANDARA SAO |
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Registered Office : |
318 Plov Lum South Prey Pring
Village Chom Caiao, Khan Porsenchey, Phnom Penh |
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Country : |
Cambodia |
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Date of Incorporation : |
Not available |
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Legal Form : |
Not available |
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Line of Business : |
Wholesale of textiles |
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No. of Employees : |
9 [2018] |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
C |
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Credit Rating |
Explanation |
Rating Comments |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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Status : |
Poor |
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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 200,000 people in construction. Tourism has continued to grow rapidly with foreign arrivals exceeding 2 million per year in 2007 and reaching 5.6 million visitors in 2017. 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. According to the Asian Development Bank (ADB), the percentage of the population living in poverty decreased to 13.5% in 2016. 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 20% of the government budget will come from donor assistance in 2018. 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 above 9% of GDP since 2014.
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Source
: CIA |
Company Summary
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Business
Name |
MR
CHANDARA SAO |
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Country |
CAMBODIA |
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Company
Registration Number |
N/A |
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Main
Activity Code |
4641 |
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Main
Activity Description |
Wholesale
of textiles |
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Company
Status |
(Active) |
Basic Information
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Business
Name |
MR
CHANDARA SAO |
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Registered
Company Name |
MR
CHANDARA SAO |
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Company
Registration Number |
N/A |
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Country |
CAMBODIA |
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Legal
Form |
N/A |
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Company
Status |
(Active) |
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Contact
Telephone Number |
N/A |
Main Address
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Address |
Country |
Telephone |
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318 Plov
Lum South Prey Pring Village Chom Caiao, Khan Porsenchey, Phnom Penh |
CAMBODIA |
N/A |
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 |
|
4641 |
Wholesale
of textiles |
Email
Addresses
N/A
Web Pages
N/A
Employee Information
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Date
Reported |
Number
of Employees |
|
2018 |
9 |
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 MR CHANDARA SAO is Trading
- Finished products. Key products include: Textiles, Fabrics. |
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Additional
Payment Information |
Selling: Type: Local Terms: Cash on delivery (COD), Credit - Unsecured
30~60 days Purchasing: Type: Local Terms: Credit - Unsecured 30~60 days, Cash
on delivery (COD) |
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Additional
Financial Information |
Due to the nature of this entity, there are no financials available. |
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Number
of Employees at Address |
9 |
Additional Miscellaneous Information
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Primary
Business Activity |
Trader |
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Key
Industry |
Textiles
& Raw Material |
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Registered
Legal Address |
318 Plov Lum South Prey Pring Village Chom Caiao, Khan Porsenchey,
Phnom Penh |
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Date of
Registration |
N/A |
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Issuing
Authority |
N/A |
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Operational
Status of Business |
Office exists but not operating under a license in the name as
supplied in the Order. Investigations were unable to identify any business
license correlating with the SBE. |
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Capital |
N/A |
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Office
Contact Details |
Operating Address: 318 Plov Lum South Prey Pring Village Chom Caiao,
Khan Porsenchey, Phnom Penh Mobile: [+855]-12896296 Status: Mobile number is
working and answering party confirmed company details and accurately answered
all questions raised by the investigator |
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Domestic
Sales & Purchases |
Annual Sales Analysis: Percentage Domestic Sales: 100% Annual
Purchases Analysis: Percentage Local Purchases: 100% |
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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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Primary
Products |
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Products
/ Materials / Services Description |
Activity |
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Fabrics |
Trading |
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Textiles |
Trading |
Financial
Information
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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Chandara
Sao |
Unknown |
Cambodian |
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Proprietor |
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Owner |
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 67.22 |
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|
1 |
INR 90.88 |
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Euro |
1 |
INR 80.09 |
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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
: |
NIY |
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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.