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MIRA
INFORM REPORT
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Report No. : |
511390 |
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Report Date : |
30.05.2018 |
IDENTIFICATION DETAILS
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Name : |
KHMER TOP SERVICE LTD |
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Registered Office : |
Phnom Penh Center - Bldg
I, 192 Cnr Sihanouk and Sothearos Blvd Tonle Basak, Khan Chamkarmon, Phnom
Penh |
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Country : |
Cambodia |
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Date of Incorporation : |
12.09.2014 |
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Com. Reg. No.: |
00005208 |
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Legal Form : |
Private Company with
Limited Liability |
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Line of Business : |
·
Architectural activities ·
Other activities auxiliary to insurance and pension funding ·
Other social work activities without accommodation n.e.c. |
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No. of Employees : |
17
[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 : |
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 name
KHMER TOP SERVICE LTD
Company Summary
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Business Name |
KHMER
TOP SERVICE LTD |
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Country |
CAMBODIA |
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Company Registration Number |
00005208 |
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Main Activity Code |
7111 |
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Main Activity Description |
Architectural
activities |
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Company Status |
Normal
(Active) |
Basic Information
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Business Name |
KHMER
TOP SERVICE LTD |
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Registered Company Name |
KHMER
TOP SERVICE LTD |
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Company Registration Number |
00005208 |
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Country |
CAMBODIA |
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VAT Registration Number |
K002-100061435 |
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VAT Registration Date |
2016-04-06 |
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Date of Company Registration |
2016-05-30 |
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Date of Starting Operations |
2016-05-30 |
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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]
23-997492, [+855]-77590903, [+855]-92570060 |
Main Address
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Address |
Country |
Telephone |
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Phnom
Penh Center - Bldg I, 192 Cnr Sihanouk and Sothearos Blvd Tonle Basak, Khan
Chamkarmon, Phnom Penh, Cambodia |
CAMBODIA |
[+855]
23-997492, [+855]-77590903, [+855]-92570060 |
Other Address
No other addresses for this company.
Previous Address
No previous addresses for this company.
Activities
|
Activity Code |
Activity Description |
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7111 |
Architectural
activities |
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6629 |
Other
activities auxiliary to insurance and pension funding |
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8899 |
Other
social work activities without accommodation n.e.c. |
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 |
17 |
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 KHMER TOP SERVICE LTD is
Specialized professional services, including: Consulting services Human
resources consultancy Training Key services include :Staff retention
consultancy Employment placement Recruitment agency |
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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 |
17 |
Additional Miscellaneous Information
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Registered Legal Address |
Phnom
Penh Center - Bldg I, 192 Cnr Sihanouk and Sothearos Blvd Tonle Basak, Khan
Chamkarmon, Phnom Penh, Cambodia |
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Issuing Authority |
Ministry
Of Commerce - Commercial Registry (Moc) |
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Capital |
US$
4,932 |
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Primary Business Activity |
Service |
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Primary Industry |
Professional
Services |
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Tax / VAT Details |
Tax Issuing Authority : MINISTRY OF FINANCE & ECONOMICS, Tax
Number : K002-100061435 , Date of Issuance : 6 Apr, 2016 |
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Previous Business License/S |
License Date: 12 Sep, 2014, License No.: Co.3164 E/2006 |
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Harmonized Product Classification
& Activity |
Product/Service Description Code Activity Business
development/consulting 9878 Service Business services, health, financial/insur. legal/real estate, hotels, and misc
repairs 9900 Service Employment agencies 9914 Service Training 9953 Service |
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Detailed Product Classification
& Activity |
Products / Materials / Services Description Ranking Activity Training
Primary Service |
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Reputation |
Reference checking for the purpose of establishing KHMER TOP SERVICE
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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Office & facilities |
The following information relates to the Business Entity's office as
listed above: Name : KHMER TOP SERVICE LTD - KHAN CHAMKARMON, PHNOM PENH
Primary Use : Office & Administration facilities Address : Phnom Penh
Center - Bldg I, 192 Cnr Sihanouk and Sothearos Blvd Tonle Basak, Khan
Chamkarmon, Phnom Penh, Cambodia Country : Cambodia Status : Operational |
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Primary
Products |
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Products / Materials / Services
Description Activity |
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Consulting
services |
Service |
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Employment
placement |
Service |
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Human
resources consultancy |
Service |
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Recruitment
agency |
Service |
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Staff
retention consultancy |
Service |
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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Kevin
Michael George Britten |
Male |
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Chairman
Director |
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Phauk
Sopheak |
Male |
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Director |
Previous
Directors
No previous directors for
this company
Share Capital Structure
Nominal Share Capital 20.000.000
Issued Share Capital
Shareholders
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Shareholder |
Address |
% Shares Held |
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Mr. Kevin Michael George Britten |
United Kingdom |
60 |
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Mr. Phauk Sopheak |
Cambodia |
40 |
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 67.82 |
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|
1 |
INR 90.17 |
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Euro |
1 |
INR 78.70 |
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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
: |
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.