MIRA INFORM REPORT

Report No. :	349558.2
Report Date :	10.12.2015

IDENTIFICATION DETAILS

Name :	SRIRAM TRADING IMPORT EXPORT CO LTD
Registered Office :	012 Ban Thongtoum, Chanthaboury Dist, Vientiane
Country :	Laos
Date of Incorporation :	10.08.2015
Legal Form :	Private Company with Limited Liability
Line of Business :	Manufacturer of Plywood, Timber & Wood Products
No. of Employee :	200

RATING & COMMENTS

MIRA’s Rating :

NB

RATING		STATUS	PROPOSED CREDIT LINE
--	NB	New Business	--

Status :	New business
Payment Behaviour :	Unknown
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, 2015

Country Name	Previous Rating (31.12.2014)	Current Rating (31.03.2015)
Laos	B1	B1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	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 has more recently been amongst the fastest in Asia and averaged nearly 8% per year for the last decade. 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 to 83% of the population. 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 dams along the Mekong river, copper and gold mining, logging, and construction though some projects in these industries have drawn criticism for their environmental impacts. The strength of the natural resources and hydropower sectors have masked ongoing problems with the business environment that would have otherwise constrained growth. These problems include onerous registration requirements, a gap between legislation and implementation, and unclear or conflicting business regulations. 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 foreign investors and has developed special economic zones replete with generous tax incentives, but a small labor pool of both skilled and unskilled workers remains an impediment to investment. Laos broadly appears to be on target to graduate from the UN Development Program's list of least-developed countries by 2020, and the country is preparing for implementation of the ASEAN Economic Community at the end of 2015 and for the rotating ASEAN chairmanship in 2016.

Source : CIA

COMPANY SUMMARY

Company Details
Organization Name	:	SRIRAM TRADING IMPORT EXPORT CO LTD
Name in Local Language		ບໍລິສັດ ສິລິຣາມການຄ້າຂາອອກ- ຂາເຂົ້າ ຈຳກັດຜູ້ດຽວ
Address	:	012 Ban Thongtoum, Chanthaboury Dist, Vientiane
Country	:	Laos
Phone (S)	:	[+856] 21-222463
Email	:	mumbaimasalalaos@hotmail.com
Primary Business Activity	:	Manufacturer
Key Industry	:	Plywood, Timber & Wood Products

Key Facts
Registered Legal Address	:	012 Ban Thongtoum, Chanthaboury Dist, Vientiane
Operational Address	:	012 Ban Thongtoum, Chanthaboury Dist, Vientiane
Issuing Authority	:	Ministry of Industry & Commerce, Enterprise Registry Office - Vientiane
License Number	:	01-00005274
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	:	10 Aug, 2015 ^(1)
Employees	:	200
Capital	:	US$ 123,381
Note	:	^1) In Laos, business licenses are issued for a period of ONLY 1 year. Accordingly, there are two different "Dates of Registration", one being the original Date of Registration, and the other being the most recent Date of License Renewal.

DIRECTORS/MANAGEMENT

COMPANY DIRECTORS

1
Personal Unique Identifier	:	MI03930902
Name	:	Mr. Somchan Miranda
AKA	:	Somchanh Nylanda

Based on corporate statutory laws / regulations in Laos, there is no requirement for public disclosure of Directors. In this case, the Directors information was supplied by the Subject Business Entity.
However in the absence of data normally obtained from local Statutory Authorities, it is not possible to verify the accuracy of data supplied and hence is provided as reference ONLY.

NEGATIVE INFORMATION

REPUTATION

Due to the recent incorporation of the SRIRAM TRADING IMPORT EXPORT 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.

NEGA-SCAN - ADVERSE DATA MONITORING
DISHONORED CHECKS	No Record Found

DEBT	No Record Found

CIVIL LITIGATION

No Record Found

PERFORMANCE DEFAULTS

No Record Found

ADVERSE LOCAL MEDIA COVERAGE / ADVERSE FILING HISTORY

No Record Found

SHARE & SHARE CAPITAL INFORMATION

CAPITAL (Currency: LAK - Lao Kip)

Authorized Capital	:	₭ 1,000,000,000
Paid-up Capital	:	₭ 1,000,000,000

SHAREHOLDERS

Total number of shareholders	:	1
Total number of shares	:	n/a

Currency

:

LAK - Lao Kip

No.	Shareholders	Country	Shares
			Number	Amount (LAK)	%
1	Mr. Somchan Miranda	Laos	n/a	1,000,000,000	100.00
Total			n/a	1,000,000,000	100.00

Based on corporate statutory laws / regulations in Laos, there is no requirement for public disclosure of Shareholders. In this case, the Shareholders information was supplied by the Subject Business Entity.
However in the absence of data normally obtained from local Statutory Authorities, it is not possible to verify the accuracy of data supplied and hence is provided as reference ONLY.

PAYMENT INFORMATION

DOMESTIC SALES & PURCHASES
Annual Sales Analysis	Percentage
Domestic Sales	70%
International Sales (Export)	30%
Annual Purchases Analysis	Percentage
Local Purchases	100%

PAYMENT TERMS

Selling

Type	Terms
Local	Cash on delivery (COD) Credit - Unsecured 30~60 days
Export	Letter of Credit (At-sight) Documents against Acceptance (D/A)

Purchasing

Type	Terms
Local	Cash on delivery (COD) Credit - Unsecured 30~60 days

GROUP STRUCTURE & AFFILIATED COMPANIES

N/a

FINANCIAL INFORMATION

FINANCIAL STATEMENT - DETAILED

Based on the corporate laws of Laos, 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.

FOREIGN EXCHANGE RATES

Today's Exchange rate

:

1.00 LAK Lao Kip

=

0.000123 USD United States Dollars

ADDITIONAL INFORMATION

Report Details
Country	:	Laos
Business Entity Name	:	SRIRAM TRADING IMPORT EXPORT CO LTD
Primary Business Activity	:	Manufacturer
Primary Industry	:	Plywood, Timber & Wood Products
Office Contact Details
Operating Address	:	012 Ban Thongtoum, Chanthaboury Dist, Vientiane
Tel	:	[+856] 21-222463
Mobile	:	[+856] 20-55515182
Email	:	mumbaimasalalaos@hotmail.com

Primary Products

Products / Materials / Services Description	Activity
Face veneer	Manufacturing, Exporting
Logs	Manufacturing, Exporting
Timber	Manufacturing, Exporting
Wood veneer	Manufacturing, Exporting

SIC PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description	Code	Activity
Hardwood veneer and plywood	2435	Manufacturing, Exporting
Logs, pulpwood, timber, poles	2411	Manufacturing, Exporting
Lumber and Wood Products	2400	Manufacturing, Exporting
Lumber/Plywood/Millwork	5031	Manufacturing, Exporting
Softwood veneer and plywood	2436	Manufacturing, Exporting

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description	Code	Activity
Articles of wood	4421909840	Manufacturing, Exporting
Logs and timber, in the rough, coniferous, not treated	4403200060	Manufacturing, Exporting
Plywood, veneered panels & similar laminated wood	4412	Manufacturing, Exporting

CORE BUSINESS DESCRIPTION

Core Business

The primary business focus of SRIRAM TRADING IMPORT EXPORT CO LTD is Manufacturing - Finished products.

Key products include :

Face veneer

Logs

Timber

Wood veneer

An integral part of the core business includes:

Distribution

Supplementary Business

In addition to the core business, SRIRAM TRADING IMPORT EXPORT CO LTD also is engaged in the following areas of business:

Exporting

Exporting - Finished products

INTERNATIONAL TRADE - Activity & Markets
Country / Region	Estimated level of importance	Trading Activity
Asia / Pacific	Medium	Exporting
India	Medium	Exporting

OFFICE & FACILITIES

The following information relates to the Business Entity's office as listed above:

Name	:	SRIRAM TRADING IMPORT EXPORT CO LTD - CHANTHABOURY DIST, VIENTIANE
Primary Use	:	Office & Administration facilities
Address	:	012 Ban Thongtoum, Chanthaboury Dist, Vientiane
Country	:	Laos
Status	:	Operational

NOTES & COMMENTS

N/a

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.66.75
UK Pound	1	Rs.100.29
Euro	1	Rs.72.89
LAK	1	Rs.0.0081

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

INFORMATION DETAILS

Analysis Done by :	KAR
Report Prepared by :	TRU

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.