MIRA INFORM REPORT

Report Date :

19.07.2012

IDENTIFICATION DETAILS

Name :	PAUL TRADING SOLE CO LTD
Registered Office :	Ave 150 B Phontong Sawat M, Chanthaboury, Vientiane
Country :	Laos
Date of Incorporation :	2010
Legal Form :	Company Limited
Line of Business :	Trades of Motor Vehicles, Parts & Accessories
No. of Employees :	6

RATING & COMMENTS

MIRA’s Rating :

B

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Small company
Payment Behaviour :	No complaints
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 – March 31^st, 2012

Country Name	Previous Rating (31.12.2011)	Current Rating (31.03.2012)
Laos	C1	C1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Company Details

Organization Name	:	PAUL TRADING SOLE CO LTD
Address	:	Ave 150 B Phontong Sawat M, Chanthaboury, Vientiane
Country	:	Laos
Phone (S)	:	[+856] 21-265013
Facsimile	:	[+856] 21-562117
Email	:	paultradinglao@hotmail.com
Primary Business Activity	:	Trader
Key Industry	:	Motor Vehicles, Parts & Accessories

Key Facts
Registered Legal Address	:	Ave 150 B Phontong Sawat M, Chanthaboury, Vientiane
Operational Address	:	Ave 150 B Phontong Sawat M, Chanthaboury, Vientiane
Name History	:	Business Entity Name Effective Date PAUL TRADING SOLE CO LTD n/a MJ IMPORT-EXPORT TRADING CO LTD 2010
Issuing Authority	:	Ministry of Planning & Investment - National
License Number	:	01-00001526
License Status	:	License exists - Normal.
Legal Form - Category	:	Private Company with Limited Liability
Legal Form	:	Company Limited
Legal Form - Abbreviation	:	CO LTD
Operational Status of Business	:	Normal
Date of Registration	:	2010
Employees	:	6
Capital	:	n/a^(1)

DIRECTORS/MANAGEMENT

COMPANY MANAGEMENT

Management Listings

	Name	Nationality	Job Description	Dept. / Division
1	Mr. Deenu Abishek	Lao	Consultant	-

Management Details - 1

Personal Unique Identifier	:	MI03165999
Name	:	Mr. Deenu Abishek

COMPANY DIRECTORS

Not available - According to the corporate statutory laws for this type of Legal Form - Category (Private Company with Limited Liability) in Laos, there is no public disclosure of Directors.

NEGATIVE INFORMATION

REPUTATION

Due to the recent incorporation of the PAUL TRADING SOLE 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.

ADVERSE DATA MONITORING

DISHONORED CHECKS

No Record Found

DEBT	No Record Found

LITIGATION

No Record Found

PERFORMANCE DEFAULTS

No Record Found

ADVERSE LOCAL MEDIA COVERAGE / ADVERSE FILING HISTORY

No Record Found

SHARE & SHARE CAPITAL INFORMATION

Capital

:

n/a^(1)

SHAREHOLDERS

Not available - According to the corporate statutory laws for this type of Legal Form - Category (Private Company with Limited Liability) in Laos, there is no public disclosure of Shareholders.

PAYMENT INFORMATION

Supplementary Business

In addition to the core business, PAUL TRADING SOLE CO LTD also is engaged in the following areas of business:

1. Exporting
• Exporting - Finished products
2. Importing
• Importing - Finished products

DOMESTIC SALES & PURCHASES

Annual Sales Analysis	Percentage
Domestic Sales	80%
International Sales (Export)	20%

Annual Purchases Analysis	Percentage
Local Purchases	70%
Imports	30%

PAYMENT TERMS

Selling

Type	Terms
Local	Cash on delivery (COD) Credit - Unsecured 30~120 days
Export	Letter of Credit (At-sight) Telegraphic Transfer (T/T) - Received at time of transaction

Purchasing

Type	Terms
Local	Cash on delivery (COD) Credit - Unsecured 30~120 days
Import	Letter of Credit (At-sight) Telegraphic Transfer (T/T) - Executed at time of transaction

INTERNATIONAL TRADE : ACTIVITY & MARKETS

Country / Region	Estimated level of importance	Trading Activity
Asia / Pacific	Medium	Importing, Exporting

GROUP STRUCTURE & AFFILIATED COMPANIES

Na

FINANCIAL INFORMATION

FINANCIAL STATEMENT - DETAILED

Based on the corporate laws of Laos, legal entities which are Private Company with Limited Liability are not required to make public disclosure of their annual financials. Therefore no financials are available for this entity.

FOREIGN EXCHANGE RATES

Na

ADDITIONAL INFORMATION

Operational Address	:	Ave 150 B Phontong Sawat M, Chanthaboury, Vientiane
Name History	:	Business Entity Name Effective Date PAUL TRADING SOLE CO LTD n/a MJ IMPORT-EXPORT TRADING CO LTD 2010
Issuing Authority	:	Ministry of Planning & Investment - National
License Number	:	01-00001526
License Status	:	License exists - Normal.
Legal Form - Category	:	Private Company with Limited Liability
Legal Form	:	Company Limited
Legal Form - Abbreviation	:	CO LTD
Operational Status of Business	:	Normal
Date of Registration	:	2010
Employees	:	6

Report Details

Country	:	Laos
Business Entity Name	:	PAUL TRADING SOLE CO LTD
Primary Business Activity	:	Trader
Primary Industry	:	Motor Vehicles, Parts & Accessories
Office Contact Details
Operating Address	:	Ave 150 B Phontong Sawat M, Chanthaboury, Vientiane
Tel	:	[+856] 21-265013
Mobile	:	[+856] 20-59594244
Fax	:	[+856] 21-562117
Email	:	paultradinglao@hotmail.com

 Primary Products

Products / Materials / Services Description	Activity
Cars	Trading
Pickup trucks	Trading

SIC PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description	Code	Activity
Auto & Other Motor Vehicles	5012	Trading

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description	Code	Activity
Motor cars & vehicles for transporting persons	8703	Trading

CORE BUSINESS DESCRIPTION

Core Business

The primary business focus of PAUL TRADING SOLE CO LTD is Trading - Finished products.

OFFICE & FACILITIES

Name	:	PAUL TRADING SOLE CO LTD - CHANTHABOURY, VIENTIANE
Address	:	Ave 150 B Phontong Sawat M, Chanthaboury, Vientiane
Country	:	Laos
Status	:	Operational

NOTES & COMMENTS

Note

:

^(1) Not applicable. According to the corporate statutory laws for this type of Legal Form - Category(Private Company with Limited Liability) in Laos, there is no requirement for Authorized Capital.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.55.33
UK Pound	1	Rs.86.55
Euro	1	Rs.67.95

INFORMATION DETAILS

Report Prepared by :

PDT

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
--	NB	New Business	--

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 and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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