MIRA INFORM REPORT

Report Date :

06.12.2011

IDENTIFICATION DETAILS

Name :	THINH DUONG INVESTMENT AND TRADING COMPANY LIMITED

Registered Office :	No. 656 Ha Huy Tap Street Yen Vien Town, Gia Lam District, Ha Noi City

Country :	Vietnam

Date of Incorporation :	10.01.2007

Com. Reg. No.:	0102029561

Legal Form :	Limited Liability Company

Line of Business :	Import and Export Kinds of Goods it Trades

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

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 :	Poor

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 – September 30, 2011

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

Vietnam

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

SUBJECT IDENTIFICATION & LEGAL FORM

Registered English Name		THINH DUONG INVESTMENT AND TRADING COMPANY LIMITED
Registered Vietnamese Name		CONG TY TNHH THUONG MAI VA DAU TU THINH DUONG
Registered short name		THINH DUONG CO.,LTD
Type of Business		Limited liability company
Year Established		2007
Business Registration No.		0102029561
Date of Registration		10 Jan 2007
Place of Registration		Department of Planning and Investment of Ha Noi City
Current registered capital		5,000,000,000 VND
Status		Unlisted
Tax code		0102142620
Employees		N/A

Note: - The correct tax code of the subject is as above

- The correct name of the subject is as above.

COMPANY ADDRESSES

Registration Address
Address		No. 656 Ha Huy Tap Street Yen Vien Town, Gia Lam District, Ha Noi City, Vietnam
Telephone		N/ A

DIRECTORS

NAME		Mrs. VU THI THANH HA
Position		Chairwoman
Date of Birth		04 May 1976
ID Number/Passport		205098779
ID Issue Date		01 Mar 2007
ID Issue Place		Quang Nam Public Security
Resident		Group 38, Block 7 Thanh Ha Ward, Hoi An District, Quang Nam Province, Vietnam
Current resident		No. 656 Ha Huy Tap Street Yen Vien Town, Gia Lam District, Ha Noi City, Vietnam
Nationality		Vietnamese

BUSINESS NATURE AND ACTIVITIES

The subject registers:
- Import and export kinds of goods it trades
- Agent goods on consignment
- Trading machine, equipment material for processing agricultural, forest, aquatic product
- Trading and manufacturing agricultural, forest, aquatic product

IMPORT & EXPORT ACTIVITIES

IMPORT:

Notes: N/A

EXPORT:

Notes: N/A

BANKERS

N/A

SHAREHOLDERS

1. NAME		Mrs. VU THI THANH HA
Position	Chairwoman
Date of Birth	04 May 1976
ID Number/Passport	205098779
ID Issue Date	01 Mar 2007
ID Issue Place	Quang Nam Public Security
Resident	Group 38, Block 7 Thanh Ha Ward, Hoi An District, Quang Nam Province, Vietnam
Current resident	No. 656 Ha Huy Tap Street Yen Vien Town, Gia Lam District, Ha Noi City, Vietnam
Nationality	Vietnamese
Value of shares	3,750,000,000 VND
Percentage	75%

2. NAME		Ms. VU THI THANH NGA
ID Number/Passport		205208280
Resident		Group 38, Block 7 Thanh Ha Ward, Hoi An District, Quang Nam Province, Vietnam
Nationality		Vietnamese
Value of shares		1,250,000,000 VND
Percentage		25%

FINANCIAL DATA

We have tried our best to collect financial data but it is not available in our sources

PAYMENT HISTORY & PERFORMANCE

EXPERIENCES

Trade Morality		N/A
Liquidity		N/A
Payment status		N/A
Financial Situation		N/A
Development trend		N/A
Litigation data		No Record
Bankruptcy		No Record
Payment Methods		N/A
Sale Methods		Retailer and Wholesaler
Public opinion		N/A

INTERPRETATION

We are sorry to say that although we have tried our best but we cannot contact with the subject. We visited the company's registration address at No. 656 Ha Huy Tap Street, Yen Vien Town, Gia Lam District, Ha Noi City; the office door was locked. The company's signboard still hangs on the wall, but there is no sign of company operating here. Following to a neighbor, the office door has been locked several months before. And according to this neighbor, formally there was a staff of the subject often visited this office. But recently, the neighbor did not see him again.

At this moment, on Planning and Investment Department of Hanoi city and Tax Department of Vietnam, the subject is still active. Other sources of our company reveal nothing about subject’s current location now. Hence, we could not reach and connect with subject up to now.

According to unofficial information we have, the subject specializes in trading agricultural products and it main products are green beans, soya beans, peanuts, etc.

Because we cannot contact with the subject and the information about it is limited, so we do not give out the detail score on it. In general, you need pay much attention with all business transactions.

APPENDIXES 1

INDUSTRY DATA

Industry code	Growth speed by price compared with 1994 (%)		Total enterprises 2009		Total employees 2010 (Thous.pers.)	Annual average capital of enterprises 2009 (billion dongs)
	2010	2009
Agriculture, Forestry and Fishing	2.78	1.82	8,749		23,896.3	81,559
Industry and Construction	7.70	5.52	85,115		10,630	2,751,975
Trade and Services	7.52	6.63	154,978		14,522	4,939,069

ECONOMIC INDICATORS

			2010	2009		2008
Population (Million person)			86.93	86.02		86.1
Gross Domestic Products (US$ billion)			102.2	91		84.9
GDP Growth (%)			6.78	5.32		6.2
GDP Per Capita (US$)			1,160	1,080		1,040
Inflation (% Change in Composite CPI)			11.75	6.88		24.4

SERVICE TRADE PERFORMANCE

Billion USD			2010	2009		2008
Exports			72.2	57.1		62.7
Imports			84.8	69.9		80.7
Trade Balance			-12.6	-12.8		-18

Source: General Statistics Office

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.51.39
UK Pound	1	Rs.80.20
Euro	1	Rs.68.92

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.