MIRA INFORM REPORT

Report No. :	507500
Report Date :	18.05.2018

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

Credit Rating	Explanation	Rating Comments
D	High Risk	Business dealing not recommended or on secured terms only

Status :	Undetermined

Payment Behaviour :	--

Litigation :	--

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

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

Cambodia

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
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.

Source : CIA

Company Summary
Business Name	AMY & CO
Country	CAMBODIA
Main Activity Code	3212
Main Activity Description	Manufacture of jewellery and related articles
Company Status	(Active)
Latest Turnover Figure	-
Latest Shareholder Equity Figure	-

Basic Information
Business Name	AMY & CO
Registered Company Name	AMY & CO
Country	CAMBODIA
Company Status	(Active)
Contact Telephone Number	[+855] 23-962752 Status: Telephone number working and answering party confirmed company details and accurately answered all questions raised by the investigator [+855] 23-992838 Status: Telephone number working and answering party confirmed company details and accurately answered all questions raised by the investigator

Main Address

Address

Country

Telephone

L-1 Lobby Level 53 Phnom Penh Hotel Preah Monivong Blvd (St 93), Phnom Penh

CAMBODIA

[+855] 23-962752 Status: Telephone number working and answering party confirmed company details and accurately answered all questions raised by the investigator [+855] 23-992838 Status: Telephone number working and answering party confirmed company details and accurately answered all questions raised by the investigator

Other Address

No other addresses for this company.

Previous Address

No previous addresses for this company.

Activities

Activity Code Activity Description

3212 Manufacture of jewellery and related articles

Email Addresses

amy.n.company@gmail.com

Web Pages

No web pages for this company.

Other Information

No other information for this company

Miscellaneous Information
Fax Number	[+855] 23-992838 Status: Normal
Additional Business Information	Core Business; The primary business focus of AMY & CO is Importing - Finished products. Key products include: Jewelry, Bracelets, Earings, Necklaces, Ring, Supplementary Business; In addition to the core business, AMY & CO also is engaged in the following areas of business: 1. Trading, Trading - Finished products
Additional Rating Information	No Rating: Insufficient data on the company to enable a more accurate assessment. Caution is advised. Proposed Credit Limit: No,Recommendation, Revision of Credit Limit: n/a, Risk Index: High
Additional Financial Information	Due to the nature of this entity, there are no financials available

Additional Miscellaneous Information
Registered Legal Address	L-1 Lobby Level 53 Phnom Penh Hotel Preah Monivong Blvd (St 93), Phnom Penh
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.
Note	Due to the lack of SBE's operational status, and circumstances involved, the information as listed below is only historical / on-file data and as such it has not been possible to verify against any current sources.
Nega-scan - adverse data monitoring	Dishonored checks; Debt; Civil litigation; Performance defaults; Adverse local media coverage / adverse filing history; No record found
Local Branches and Management	Branch: AMY & CO - KHAN CHAMKARMON, PHNOM PENH, Branch Address: Naga World City Walk National Assembly St Sangkat Tonle Bassac, Khan Chamkarmon, Phnom Penh
Office and Facilities	Name: AMY & CO - PHNOM PENH, Primary Use: Office & Administration facilities, Address: L-1 Lobby Level 53 Phnom Penh Hotel Preah Monivong Blvd (St 93), Phnom Penh, Country: Cambodia, Status: Operational.

Primary Products
Products / Materials / Services Description	Activity
Bracelets	Importing, Trading
Earings	Importing, Trading
Jewelry	Importing, Trading
Necklaces	Importing, Trading
Ring	Importing, Tradi

Financial Information

No financial information for this company.

Current Directors

Name

Gender

Position

Leng

Male

Representative

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

Currency	Unit	Indian Rupees
US Dollar	1	INR 67.71
UK Pound	1	INR 91.89
Euro	1	INR 79.89
KHR	1	INR 0.017

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	NIY

Report Prepared by :	DNS

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
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)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.