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Report Date : |
23.07.2014 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
Nongsaphang
Village, Xaybouli, Savannakhet |
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Country : |
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Date of Incorporation : |
29.04.1998 |
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Legal Form : |
Sole-proprietorship |
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Line of Business : |
Manufacturer of Plywood, Timber & Wood Products |
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No. of Employees |
20 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 – March 31, 2014
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Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
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Laos |
C1 |
C1 |
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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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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
LAOS ECONOMIC OVERVIEW
The government of Laos, one of the few remaining one-party communist states, began decentralizing control and encouraging private enterprise in 1986. The results, starting from an extremely low base, were striking - growth averaged 6% per year from 1988-2008 except during the short-lived drop caused by the Asian financial crisis that began in 1997. Laos' growth exceeded 7% per year during 2008-13. Despite this high growth rate, Laos remains a country with an underdeveloped infrastructure, particularly in rural areas. It has a basic, but improving, road system, and limited external and internal land-line telecommunications. Electricity is available in 83 % of the country. Laos' economy is heavily dependent on capital-intensive natural resource exports. The labor force, however, still relies on agriculture, dominated by rice cultivation in lowland areas, which accounts for about 25% of GDP and 73% of total employment. Economic growth has reduced official poverty rates from 46% in 1992 to 26% in 2010. The economy also has benefited from high-profile foreign direct investment in hydropower, copper and gold mining, logging, and construction though some projects in these industries have drawn criticism for their environmental impacts. Laos gained Normal Trade Relations status with the US in 2004 and applied for Generalized System of Preferences trade benefits in 2013 after being admitted to the World Trade Organization earlier in the year. Laos is in the process of implementing a value-added tax system. Simplified investment procedures and expanded bank credits for small farmers and small entrepreneurs will improve Laos' economic prospects. The government appears committed to raising the country's profile among investors, but suffered through a fiscal crisis in 2013 brought about by public sector wage increases, fiscal mismanagement, and revenue shortfalls. The World Bank has declared that Laos' goal of graduating from the UN Development Program's list of least-developed countries by 2020 is achievable, and the country is preparing to enter the ASEAN Economic Community in 2015
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Source
: CIA |
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Organization Name |
: |
HUE SOULIN WOOD
PROCESSING FACTORY |
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Address |
: |
Nongsaphang
Village, Xaybouli, Savannakhet |
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Country |
: |
Laos |
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Phone (S) |
: |
[+856] 30-7776112 |
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: |
huesoulin.lao@gmail.com |
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Primary Business Activity |
: |
Manufacturer |
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Key Industry |
: |
Plywood, Timber & Wood Products |
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Key Facts |
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Operational Address |
: |
Nongsaphang
Village, Xaybouli, Savannakhet |
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Issuing Authority |
: |
Ministry of Industry & Commerce, Enterprise Registry Office - Savannakhet |
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License Number |
: |
0100010866 |
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License Status |
: |
License exists - Normal. |
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Legal Form - Category |
: |
Sole-proprietorship |
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Legal Form |
: |
Not Applicable |
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Legal Form - Abbreviation |
: |
Not Applicable |
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Operational Status of Business |
: |
Normal |
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Date of Registration |
: |
29 Apr, 1998 |
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Employees |
: |
20 |
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Capital |
: |
US$ 495,399 |
Key Person
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Legal Title |
: |
Proprietor / Owner |
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Name |
: |
Mr. Hue Soulin |
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Local Name |
: |
ເຫ້ວສຸລີນ |
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Nationality |
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Lao |
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REPUTATION |
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Due to the fact HUE SOULIN WOOD PROCESSING FACTORY is a sole-proprietorship, it has not been possible to identify any form of existing reputation within the respective industry sector. |
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NEGA-SCAN - ADVERSE DATA MONITORING |
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CAPITAL (Currency: LAK - Lao Kip) |
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PAYMENT TERMS |
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Selling |
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Purchasing |
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N/a
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FINANCIAL STATEMENT - DETAILED |
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Based on the corporate laws of Laos, legal entities which are Sole-proprietorship are not required to make public disclosure of their annual financials. Therefore no financials are available for this entity. |
N/a
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Report Details |
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Primary Products
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Products / Materials / Services Description |
Activity |
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Timber wood |
Manufacturing, Exporting |
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Wood flooring |
Manufacturing, Exporting |
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Wood furniture |
Manufacturing, Exporting |
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SIC PRODUCT CLASSIFICATION & ACTIVITY |
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HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY |
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CORE BUSINESS DESCRIPTION |
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Core Business |
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The primary business focus of HUE SOULIN WOOD PROCESSING
FACTORY is Manufacturing - Finished products. Wood flooring Wood furniture Timber wood
Distribution |
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Supplementary Business |
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In addition to the core business, HUE SOULIN WOOD PROCESSING FACTORY also is engaged in the following areas of business: Exporting Exporting - Finished products |
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DOMESTIC SALES & PURCHASES |
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OTHER LICENSES |
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INTERNATIONAL TRADE - Activity & Markets |
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OFFICE & FACILITIES |
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The following information relates to the Business Entity's office as listed above: |
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APPROVED SIGNATURES |
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The Company Director/s listed below maintain the legal right to sign on behalf of the company:
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N-a
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.60.24 |
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1 |
Rs.102.87 |
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Euro |
1 |
Rs.81.44 |
INFORMATION DETAILS
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Analysis Done by
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SUB |
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Report Prepared
by : |
NIS |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to
overcome financial difficulties seems comparatively below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.