MIRA INFORM REPORT

Report No. :	302142
Report Date :	06.01.2015

IDENTIFICATION DETAILS

Correct Name :	SS COMMERCIAL INC.

Formerly Known As :	SHIV SHAKTI COMMERCIAL INC.

Registered Office :	Unit 2575 Ganesh Tower, Espiritu Street, Vito Cruz, Singalong, Manila

Country :	Philippines

Financials (as on) :	31.12.2010

Date of Incorporation :	08.12.2005

Com. Reg. No.:	CS200520293

Legal Form :	Corporation

Line of Business :	Importer and wholesaler of household items and appliances.

No. of Employees :	Not Available

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 – September 30^th, 2011

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

Philippines

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

Company Details

Company Name:	SS COMMERCIAL INC.
Former Name:	SHIV SHAKTI COMMERCIAL INC.
Supplied Name:	S S Commercial
Trading Address:	Unit 2575 Ganesh Tower, Espiritu Street, Vito Cruz, Singalong, Manila, Philippines
Supplied Address:	2575 Ganesh Tower Manila Philippines
Telephone Number:	+63 02 523-6011; 523-3016; 523-1791; 376-2576
Fax Number:	+63 02 523-6011

Note:

The supplied name and address are incomplete, and the exact name and address are as above.

Credit Summary

Credit Rating:	Maximum credit USD 10,000
Credit Opinion:	Business connections are permissible.

Company Identification Details

Registered Number:	CS200520293
Legal Form:	Corporation
Date Incorporated:	2005-12-8
Authorized Capital Stock:	PHP 2,000,000.00 (USD 45,234.3)
Subscribed Capital Stock:	PHP 500,000.00 (USD 11,308.6)
Paid-up Capital:	PHP 500,000.00 (USD 11,308.6) (As of 2012.1, 1 PHP = 0.02262 USD)
Par Value Per Share:	PHP 100.00
Listed at Stock Exchange:	No
Staff:	N/A

Note:

Amounts in Philippine Peso unless otherwise specified.

The staff number is not available from the subject or other sources.

History

Company Background

CORPORATION

Verification with the local registry revealed the following correct registration details as of (January 9, 2012).

Regulatory Agency	Date Registered	Registration No.	Term
Securities and Exchange Commission	2005-12-8	CS200520293	50 years

Originally registered as Shiv Shakti Commercial Inc. Present name was approved by the Securities and Exchange Commission on August 8, 2006.

Type	Share (Unit: PHP)
Authorized Capital	2,000,000.00
Subscribed and Paid Up Capital	500,000.00
Par Value	100.00

Shareholders

Stockholders (2011-9-12):

Name	Subscribed and Paid Up (Unit: PHP)
MOHNANI, DINESH A.	100,000.00
MOHNANI, LEENA M.	100,000.00
MOHNANI, MUKESH M.	100,000.00
MOHNANI, MURLI T.	100,000.00
MOHNANI, ROSANA A.	100,000.00

Management Information

Management (2011-9-12):

Name	Position
MOHNANI, MURLI T. 2575 Espiritu St., Vito Cruz, Manila	Chairman / President
MOHNANI, ROSANA A. 2575 Espiritu St., Vito Cruz, Manila	Vice President / Treasurer / Director
MOHNANI, MUKESH M. 2575 Espiritu St., Vito Cruz, Manila	Corporate Secretary / Director
MOHNANI, DINESH A. 2575 Espiritu St., Vito Cruz, Manila	Director
MOHNANI, LEENA M. 2575 Espiritu St., Vito Cruz, Manila	Director

Operation

Activities

Importer and wholesaler of household items and appliances.

Premises

Location: Located at the capital address as above.

Balance Sheet

Unit: PHP

Balance Sheet	2010-12-31	2009-12-31
Total Current Assets	6,555,784.00	3,934,380.00
Cash	1,263,780.00	960,590.00
Short Invest	0.00	0.00
Receivable	2,552,710.00	2,267,338.00
Inventory	2,663,094.00	627,032.00
Other Current Assets	76,200.00	79,420.00
Long Invest Total	0.00	0.00
Long Invest Security	0.00	0.00
Long Invest Equity	0.00	0.00
Long Invest Other	0.00	0.00
Fixed Assets Total	738,466.00	207,108.00
Fixed Assets	738,466.00	207,108.00
Depreciation Total	0.00	0.00
Intangible Assets	0.00	0.00
Other Assets	85,900.00	137,522.00
Total Assets	7,380,150.00	4,279,010.00
Total Current Debt	5,995,075.00	3,351,362.00
Short Loan	0.00	0.00
Accounts Payable	4,362,130.00	2,706,917.00
Other Current Liability	1,632,945.00	644,445.00
Long Liability Total	0.00	0.00
Long Leases	0.00	0.00
Long Loan	0.00	0.00
Long Loan Other	0.00	0.00
Total Liability	5,995,075.00	3,351,362.00
Total Equity	1,385,075.00	927,648.00
Share Capital	500,000.00	500,000.00
Capital Paid	0.00	0.00
Legal Reserve	0.00	0.00
Surplus Reserve	0.00	0.00
Undistributed Profit	0.00	0.00
Retained Earning	885,075.00	427,648.00
Other Equity	0.00	0.00
Total Liability And Equity	7,380,150.00	4,279,010.00

Profit/ Loss Accounts

Unit: PHP

	2010	2009
Operating Revenue	0.00	0.00
Sales Revenue	32,519,350.00	24,292,913.00
Interest Revenue	0.00	0.00
Other Revenue	0.00	0.00
Total Revenue	32,519,350.00	24,292,913.00
Sales Cost	23,340,023.00	17,254,297.00
Gross Profit	9,179,327.00	7,038,616.00
Sales Expenses	0.00	0.00
Management Expenses	8,525,860.00	6,698,451.00
Financial Expenses	0.00	42,998.00
Total Expenses	31,865,883.00	23,995,746.00
Operating Profit	653,467.00	297,167.00
Non Operating Profit	0.00	0.00
Profit Before Tax	653,467.00	297,167.00
Tax	196,040.00	89,150.00
Net Profit	457,427.00	208,017.00

Cash Flow

	2010	2009
Operating Net Cash	-192,052.00	161,243.00
Investment Net Cash	-559,600.00	0.00
Finance Net Cash	1,051,622.00	-51,622.00

Bankers

Banco de Oro Unibank, Inc.

Public

No negative (court cases, credit cards cancelled and delinquent accounts) found under the names “SS COMMERCIAL INC. / SHIV SHAKTI COMMERCIAL INC.” in our available database as of January 9, 2012.

Special Note

Above information were based on the subject’s 2011 General Information Sheet, the latest available at the Securities and Exchange Commission.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.63.39
UK Pound	1	Rs.96.85
Euro	1	Rs.75.67

INFORMATION DETAILS

Report Prepared by :

NIS

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