MIRA INFORM REPORT

Report No. :	307055
Report Date :	14.02.2015

IDENTIFICATION DETAILS

Name :	SHANG HAI CO., LTD.
Registered Office :	No. 518, Merchant Street, Kyauktatar, Yangon, Myanmar
Country :	Myanmar
Date of Incorporation :	11.02.2004
Legal Form :	Limited Liability Company
Line of Business :	Consumer Goods Wholesale.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ca

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate
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 – December 31, 2014

Country Name	Previous Rating (30.09.2014)	Current Rating (31.12.2014)
Myanmar	B1	B1

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

REGISTERED NAME & COMPANY SUMMARY

SHANG HAI CO., LTD.

ADDRESSES

Main Address: No. 518, Merchant Street, Kyauktatar

Zip code/City: Yangon, Myanmar

Telephone: +95 1 221005

WIN Worldbox No.: MM0000056327

Profile

Established: 2004

Line of Business: Consumer goods wholesale

Industry Division: Wholesale trade

Industry-code (NACE): 4690 Non-specialized wholesale trade

Banks: Unknown.

Employees: unknown

CNPJ: -

DIRECTORS/MANAGEMENT

Board of Directors:

Manager U Aung Kyi

Professional address: Myanmar

Manager U Aung Thein

Professional address: Myanmar

Manager U Min Silce Chan

Professional address: Myanmar

Manager U Soe Lwin

Professional address: Myanmar

Manager U Thaung Kyaw

Professional address: Myanmar

NEGATIVE INFORMATION

Public information:

No legal information is available.

SHARE & SHARE CAPITAL INFORMATION

State Register: 1021/03-04

Legal form: Limited Liability Company

Incorporation date: 11.02.2004

Balance sheet filing date: -

Tax Contributor Number (CNPJ): -

Legal status: active

Responsible Register: Registry of Myanmar

Entry Deleted Name

active Shang Hai Co., Ltd.

Entry Deleted Legal domicile

active Yangon, Myanmar

Entry Deleted Address

active No. 518, Merchant Street, Kyauktatar, Yangon, Myanmar/MM

Sanctions List

The company is not listed on the World Compliance Database.

PAYMENT INFORMATION

Import and Export:

Import, Export

Payment history:

No payment history is available.

Owners/-s:

Class: unknown

Type: direct

Name: U Aung Kyi

City/Country: Myanmar/MM

Class: unknown

Type: direct

Name: U Aung Thein

City/Country: Myanmar/MM

Class: unknown

Type: direct

Name: U Min Silce Chan

City/Country: Myanmar/MM

Class: unknown

Type: direct

Name: U Soe Lwin

City/Country: Myanmar/MM

Class: unknown

Type: direct

Name: U Thaung Kyaw

City/Country: Myanmar/MM

The exact shareholding percentage was not disclosed. We were not able to verify the shareholders with the official sources.

FINANCIAL INFORMATION

Financial information:

Private companies in Myanmar are not required to disclose financial statements.

FOREIGN EXCHANGE RATES

Exchange rate:

US$ 1,00 = MMK 1,008.72 - Official rate on 13.02.2015

ADDITIONAL INFORMATION

Main Activities:

The company is engaged in general wholesale trade.

Operations & branches:

At the address, No. 518, Merchant Street, Kyauktatar, Yangon, Myanmar, we find the company's head office.

NOTES & COMMENTS

------

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.62.14
UK Pound	1	Rs.95.77
Euro	1	Rs.71.05

INFORMATION DETAILS

Analysis Done by :	DIV
Report Prepared by :	TPT

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%)

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