MIRA INFORM REPORT

Report Date :

31.10.2013

IDENTIFICATION DETAILS

Name :	PHUONG DONG HOANG GIA JSC

Registered Office :	27/106 Hoang Quoc Viet St Nghia Tan Ward, Cau Giay Dist, Hanoi

Country :	Vietnam

Date of Incorporation :	21.02.2012

Legal Form :	Joint Stock Company

Line of Business :	Importer of Agricultural Products

No. of Employees :	40

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
----	NB	New Business	----

Status :	New Company

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^st,2013

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

Vietnam

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

vietnam - ECONOMIC OVERVIEW

Vietnam is a densely-populated developing country that has been transitioning from the rigidities of a centrally-planned economy since 1986. Vietnamese authorities have reaffirmed their commitment to economic modernization in recent years. Vietnam joined the World Trade Organization in January 2007, which has promoted more competitive, export-driven industries. Vietnam became an official negotiating partner in the Trans-Pacific Partnership trade agreement in 2010. Agriculture's share of economic output has continued to shrink from about 25% in 2000 to less than 22% in 2012, while industry's share increased from 36% to nearly 41% in the same period. State-owned enterprises account for roughly 40% of GDP. Poverty has declined significantly, and Vietnam is working to create jobs to meet the challenge of a labor force that is growing by more than one million people every year. The global recession hurt Vietnam's export-oriented economy, with GDP in 2012 growing at 5%, the slowest rate of growth since 1999. In 2012, however, exports increased by more than 18%, year-on-year; several administrative actions brought the trade deficit back into balance. Between 2008 and 2011, Vietnam's managed currency, the dong, was devalued in excess of 20%, but its value remained stable in 2012. Foreign direct investment inflows fell 4.5% to $10.5 billion in 2012. Foreign donors have pledged $6.5 billion in new development assistance for 2013. Hanoi has oscillated between promoting growth and emphasizing macroeconomic stability in recent years. In February 2011, the government shifted from policies aimed at achieving a high rate of economic growth, which had stoked inflation, to those aimed at stabilizing the economy, through tighter monetary and fiscal control. Although Vietnam unveiled a broad, "three pillar" economic reform program in early 2012, proposing the restructuring of public investment, state-owned enterprises, and the banking sector, little perceptible progress had been made by early 2013. Vietnam's economy continues to face challenges from an undercapitalized banking sector. Non-performing loans weigh heavily on banks and businesses. In September 2012, the official bad debt ratio climbed to 8.8%, though some independent analysts believe it could be higher than 15%.

Source : CIA

REGISTERED NAME & COMPANY SUMMARY

Company Details

Organization Name	:	PHUONG DONG HOANG GIA JSC
Address	:	27/106 Hoang Quoc Viet St Nghia Tan Ward, Cau Giay Dist, Hanoi
Country	:	Vietnam
Phone (S)	:	[+84] 4-22411214
Facsimile	:	[+84] 4-37480705
Primary Business Activity	:	Importer
Key Industry	:	Agricultural Products

Key Facts

Registered Legal Address	:	27/106 Hoang Quoc Viet St Nghia Tan Ward, Cau Giay Dist, Hanoi
Operational Address	:	27/106 Hoang Quoc Viet St Nghia Tan Ward, Cau Giay Dist, Hanoi
Issuing Authority	:	Dept. of Planning & Investment - Hanoi
License Number	:	0105798467
License Status	:	License exists - Normal.
Legal Form - Category	:	Joint Stock Company
Legal Form	:	Joint Stock Company
Legal Form - Abbreviation	:	JSC
Operational Status of Business	:	Normal
Date of Registration	:	21 Feb, 2012
Employees	:	40
Capital	:	US$ 473,700
Note	:

Report Details

Country	:	Vietnam
Business Entity Name	:	PHUONG DONG HOANG GIA JSC
Primary Business Activity	:	Importer
Primary Industry	:	Agricultural Products
Office Contact Details
Operating Address	:	27/106 Hoang Quoc Viet St Nghia Tan Ward, Cau Giay Dist, Hanoi
Tel	:	[+84] 4-22411214
Fax	:	[+84] 4-37480705
Tax / VAT Details
Tax Issuing Authority	:	Ministry of Finance
Local Name Used	:	Gia Trj Gia Tang (Value Added Tax)
Acronym	:	GTGT / VAT
GTGT / VAT Number	:	0105798467

DIRECTORS/MANAGEMENT

Key Person

Legal Title	:	Chairman
Name	:	Mr. Tran Sy Nguyen
Nationality	:	Vietnamese

COMPANY MANAGEMENT

Management Listings

	Name	Nationality	Job Description	Dept. / Division
1	Mr. Tran Sy Nguyen	Vietnamese	Managing Director	-

Management Details - 1

Personal Unique Identifier	:	MI03551899
Name	:	Mr. Tran Sy Nguyen
Date of Birth	:	1980

COMPANY DIRECTORS

1
Personal Unique Identifier	:	MI03551899
Name	:	Mr. Tran Sy Nguyen
Date of Birth	:	1980
Nationality	:	Vietnamese

NEGATIVE INFORMATION

	NEGA-SCAN - ADVERSE DATA MONITORING

DISHONORED CHECKS

No Record Found

DEBT

No Record Found

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: VND - Vietnam Dong)

Authorized Capital

10,000,000,000

SHAREHOLDERS

Total number of shareholders	:	5
Total number of shares	:	n/a

Currency

VND - Vietnam Dong

No.	Shareholders	Country	Shares
No.	Shareholders	Country	Number	Amount (VND)	%
1	Mr. Tran Sy Nguyen	Vietnam	n/a	n/a	30.00
2	Mr. Tran Tuan Hieu	Vietnam	n/a	n/a	20.00
3	Mr. Tran Tuan Nam	Vietnam	n/a	n/a	20.00
4	Ms. Tran Thi Thuy	Vietnam	n/a	n/a	20.00
5	Mr. Tran Van Chuyen	Vietnam	n/a	n/a	10.00
Total			n/a	n/a	100.00

Today's Exchange rate

1.00 VND
Vietnam Dong

0.000047 USD
United States Dollars

Based on corporate statutory laws / regulations in Vietnam, 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

DOMESTIC SALES & PURCHASES

Annual Sales Analysis	Percentage
Domestic Sales	100%

Annual Purchases Analysis	Percentage
Local Purchases	20%
Imports	80%

PAYMENT TERMS

Selling

Type

Terms

Local

Cash on delivery (COD)

Credit - Unsecured 30~60 days

Purchasing

Type

Terms

Local

Cash on delivery (COD)

Credit - Unsecured 30~60 days

Import

Letter of Credit (At-sight)

Telegraphic Transfer (T/T) - Executed at time of transaction

GROUP STRUCTURE & AFFILIATED COMPANIES

N/a

FINANCIAL INFORMATION

	FINANCIAL STATEMENT - DETAILED

	Based on the corporate laws of Vietnam, legal entities which are Joint Stock Company 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 VND
Vietnam Dong

0.000047 USD
United States Dollars

ADDITIONAL INFORMATION

Primary Products

Products / Materials / Services Description	Activity
Animal feed	Importing, Trading

SIC PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description	Code	Activity
Prepared feeds, nspf	2048	Importing, Trading

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description	Code	Activity
Livestock feed, prepared	2309901040	Importing, Trading
Preparations used in animal feeding	2309	Importing, Trading
Residues from food industries; animal feed	2300	Importing, Trading


	CORE BUSINESS DESCRIPTION

	Core Business
	The primary business focus of PHUONG DONG HOANG GIA JSC is Importing - General products . Key product include : Animal feed

	Supplementary Business
	In addition to the core business, PHUONG DONG HOANG GIA JSC also is engaged in the following areas of business: Trading Trading - Finished products

	REPUTATION

	Due to the recent incorporation of the PHUONG DONG HOANG GIA JSC, and the relatively small nature of its business, no meaningful points of reference in terms of reputation within the respective industry was possible.

BANK DETAILS

Bank Name	:	SAIGON - HANOI COMMERCIAL JOINT STOCK BANK
Global Identifier	:	P2596205
SWIFT Code	:	This bank does not have a SWIFT Code

	INTERNATIONAL TRADE - Activity & Markets

Country / Region	Estimated level of importance	Trading Activity
Asia / Pacific	Medium	Importing
North America	Medium	Importing
South America	Medium	Importing
Argentina	Medium	Importing
Canada	Medium	Importing
China	Medium	Importing
India	Medium	Importing

OFFICE & FACILITIES

Name	:	PHUONG DONG HOANG GIA JSC - CAU GIAY DIST, HANOI
Address	:	27/106 Hoang Quoc Viet St Nghia Tan Ward, Cau Giay Dist, Hanoi
Country	:	Vietnam
Status	:	Operational

NOTES & COMMENTS

N/a

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.49
UK Pound	1	Rs.98.71
Euro	1	Rs.84.49

INFORMATION DETAILS

Report Prepared by :

SDA

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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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.