MIRA INFORM REPORT

Report No. :	348418
Report Date :	17.11.2015

IDENTIFICATION DETAILS

Name :	ARYAN INTERNATIONAL SOLE CO LTD

Registered Office :	Xayamungkhun Village, Kaisone Phomvihanh Dist, Savannakhet

Country :	Laos

Date of Incorporation :	21.08.2015

Legal Form :	Private Company with Limited Liability

Line of Business :	Trader of General Merchandise.

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

RATING

STATUS

PROPOSED CREDIT LINE

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

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

REGISTERED NAME & COMPANY SUMMARY

Company Details
Organization Name	:	ARYAN INTERNATIONAL SOLE CO LTD
Name in Local Language	:	The company's International aenl Limited alone
Address	:	Xayamungkhun Village, Kaisone Phomvihanh Dist, Savannakhet
Country	:	Laos
Primary Business Activity	:	Trader
Key Industry	:	General Merchandise

Key Facts

Registered Legal Address

Xayamungkhun Village, Kaisone Phomvihanh Dist, Savannakhet

Operational Address

Xayamungkhun Village, Kaisone Phomvihanh Dist, Savannakhet

License Status

License exists - Normal.

Issuing Authority

Ministry of Industry & Commerce, Enterprise Registry Office - Savannakhet

License Number

13-00006895

Legal Form - Category

Private Company with Limited Liability

Legal Form

Company Limited

Legal Form - Abbreviation

CO LTD

Operational Status of Business

It was NOT possible to confirm the operational status. ⁽²⁾

Date of Registration

21 Aug, 2015 ⁽¹⁾

Capital

n/a ⁽³⁾

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.

⁽²⁾ Due to the lack of SBE's operational status, and circumstances involved, the information as listed below is only historical / on-file data and as such it has not been possible to verify against any current sources.

⁽³⁾ 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.

DIRECTORS/MANAGEMENT

COMPANY DIRECTORS

1
Personal Unique Identifier	:	MI03923835
Name	:	Ms. Maylany Anoulangsy
Name in local language	:	Melanie allow radiation

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 lack of any third party references and the relatively small size of the ARYAN INTERNATIONAL SOLE CO LTD, it was not possible to establish any point of reference within the respective industry sector.

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)

Paid-up Capital

₭ 1,500,000,000

SHAREHOLDERS

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

Currency

LAK - Lao Kip

No.	Shareholders	Country	Shares
No.	Shareholders	Country	Number	Amount (LAK)	%
1	Ms. Maylany Anoulangsy	Laos	n/a	1,500,000,000	100.00
Total			n/a	1,500,000,000	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

N/A

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	:	ARYAN INTERNATIONAL SOLE CO LTD
Primary Business Activity	:	Trader
Primary Industry	:	General Merchandise
Office Contact Details
Operating Address	:	Xayamungkhun Village, Kaisone Phomvihanh Dist, Savannakhet
Mobile	:	[+856]-84989642958 Status: Mobile number not working
	:	[+856]-209735 Status: Mobile number not working

Primary Products

Products / Materials / Services Description	Activity
General merchandise	Trading

SIC PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description	Code	Activity
Durable Goods, NEC	5099	Trading

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description	Code	Activity
Miscellaneous manufactured articles	9600	Trading

CORE BUSINESS DESCRIPTION

Core Business

The primary business focus of ARYAN INTERNATIONAL SOLE CO LTD is Trading - Finished products.

Key product include :

General merchandise

OFFICE & FACILITIES

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

Name	:	ARYAN INTERNATIONAL SOLE CO LTD - KAISONE PHOMVIHANH DIST, SAVANNAKHET
Primary Use	:	Office & Administration facilities
Address	:	Xayamungkhun Village, Kaisone Phomvihanh Dist, Savannakhet
Country	:	Laos
Status	:	Unknown

NOTES & COMMENTS

N/A

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.66.17
UK Pound	1	Rs.100.66
Euro	1	Rs.70.97

INFORMATION DETAILS

Analysis Done by :	KAS

Report Prepared by :	NIT

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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