MIRA INFORM REPORT

Report Date :

15.06.2007

IDENTIFICATION DETAILS

Name :	ASIA BIO DYNAMIC COMPANY LIMITED
Registered Office :	No. 135C, Mau Than Street, An Hoa Ward, Ninh Kieu District, Can Tho City
Country :	Vietnam
Date of Incorporation :	2007
Legal Form :	One member liability limited company
Line of Business :	Trading chemical, equipments, medical, biotechnology instruments.

RATING & COMMENTS

MIRA’s Rating :

B

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.	Small

Status :	New Company
Payment Behaviour :	Usually correct
Litigation :	Clear

SUBJECT IDENTIFICATION & LEGAL FORM
English Name	ASIA BIO DYNAMIC COMPANY LIMITED
Vietnamese name	CONG TY TNHH THUONG MAI VA PHAT TRIEN CONG NGHE SINH HOC A CHAU
Trade Name	ABD
Type of Business	One member liability limited company
Foundation	2007
Business Registration No.	5704000021
Date of Issuance	January 3^rd, 2007
Place of Issuance	Planning and investment department of Can Tho City
Registered Capital	1,000,000,000 VND
Tax Code	1800650873
Total Employees	15 employees
Qualification	Normal
ADDRESS
Head Office
Address	No. 135C, Mau Than Street, An Hoa Ward, Ninh Kieu District, Can Tho City
Country	Vietnam
Tel	(84-71) 243178
Fax	(84-71) 892852
Email	Sales@bio-dynamic.us
Website	www.bio-dynamic.us
DIRECTORS
1. NAME	Ms. TRAN PHUONG THU
Position	Owner, representative by law
Date of birth	January 15^th, 1980
ID No	361741546
Issued on	July 14^th, 1995
Issued by	Police station of Can Tho City
Resident	No. 135C, Mau Than Street, An Hoa Ward, Ninh Kieu District, Can Tho City
Nationality	Vietnamese
Cell phone	84-908400408
BUSINESS NATURE AND ACTIVITIES
The subject is specializing in trading chemical , equipments, medical, biotechnology instruments
IMPORT & EXPORT ACTIVITIES
IMPORT: The subject imports materials from America
EXPORT: The subject does not export
BANKERS
1. VIETCOMBANK-CANTHO BRANCH
Address	No. 7, Hoa Binh Street, Can Tho City
Tel	84-71 820445
Fax	84-71 820694
2. ASIA COMMERCIAL BANK-CANTHO BRANCH
Address	No. 17-19, Nam Ky Khoi Nghia Street, Can Tho City
Tel	84-71 824510
Fax	84-71 813825
SHAREHOLDERS
1. NAME	Ms. TRAN PHUONG THU
Position	Owner, representative by law
Date of birth	January 15^th, 1980
ID No	361741546
Issued on	July 14^th, 1995
Issued by	Police station of Can Tho City
Resident	No. 135C, Mau Than Street, An Hoa Ward, Ninh Kieu District, Can Tho City
Nationality	Vietnamese
Cell phone	84-908400408
Share	100%
PAYMENT HISTORY AND EXPERIENCES
Trade Morality	Above average
Liquidity	Normal
Previous Payments	Humble
Payment status	Average
Past Financial Situation	Limited
Current Financial Situation	Above average
Litigation Data	No recorded
Bankruptcy	No recorded
Public opinion	Normal
Payment Methods	Through its bank, L.C, T.T, cash
FINANCIAL DATA
The subject has just been found so its financial statement is not available
INTERPRETATION
Asia Bio Dynamic Company Limited has been original found in September of 2006 under the company name of Van Hoa Private Enterprise. At the beginning of 2007, the subject dissolved Van Hoa Private Enterprise and established Asia Bio Dynamic Company Limited. At the first year of operation, Van Hoa Private Enterprise has the sales revenue of 500,000,000 VND and in 2007, the subject has good development. Up to now, the subject has 40 customers and dealers from North to South of Vietnam. The subject is expected its total revenue in 2007 will be 16 billion VND. The subject is known as the distributor of distributing of Biotechnology, bio-chemicals, Molecular Biology products. Everything is at the beginning with the subject so it is trying its best to expand its market share. The subject has just been found so it has to face up with many challenges to exist in the hard competitive environment. With good relationship with client, with the young and active board of director, the subject is expected to have better position in the industry.
The company’s stability is expected to be IMPAIRED by adverse changes in circumstances and economic conditions.

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	Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.	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
NR		In view of the lack of information, we have no basis upon which to recommend credit dealings	No Rating

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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