MIRA INFORM REPORT

Report Date :

19.08.2014

IDENTIFICATION DETAILS

Name :	KHANH LY PRODUCTION TRADING CO LTD^(1)
Registered Office :	55 Tam Chau St KP5 Tam Phu Ward, Thu Duc, Ho Chi Minh
Country :	Vietnam
Date of Incorporation :	28.04.2009
Legal Form :	Private Company with Limited Liability
Line of Business :	Importer of Textiles and Raw Material.
No of Employees :	05

RATING & COMMENTS

MIRA’s Rating :

B

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
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 – June 01, 2014

Country Name	Previous Rating (31.03.2014)	Current Rating (01.06.2014)
Vietnam	B1	A2

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderate Low Risk	B1
Moderate Risk	B2
Moderate High Risk	C1
High Risk	C2
Very High Risk	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 20% in 2013, while industry's share increased from 36% to more than 42% in the same period. State-owned enterprises account for about 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 2013 growing at 5%, the slowest rate of growth since 1999. In 2013, however, exports increased by more than 12%, 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 relatively stable in 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 has been made. Vietnam's economy continues to face challenges from an undercapitalized banking sector. Non-performing loans weigh heavily on banks and businesses.

Source : CIA

REGISTERED NAME & COMPANY SUMMARY

Company Details
Organization Name	:	KHANH LY PRODUCTION TRADING CO LTD^(1)
Address	:	55 Tam Chau St KP5 Tam Phu Ward, Thu Duc, Ho Chi Minh
Country	:	Vietnam
Phone (S)	:	[+84] 8-38961773
Facsimile	:	[+84] 8-38961773
Email	:	khanhly.1970@yahoo.com.vn
Primary Business Activity	:	Importer
Key Industry	:	Textiles & Raw Material

DIRECTORS/MANAGEMENT

Key Person

Legal Title	:	Managing Director
Name	:	Ms. Pham Thi Khanh Ly
Nationality	:	Vietnamese

COMPANY DIRECTORS

1
Personal Unique Identifier	:	MI03753594
Name	:	Ms. Pham Thi Khanh Ly
Date of Birth	:	1970

NEGATIVE INFORMATION

REPUTATION

Reference checking for the purpose of establishing KHANH LY PRODUCTION TRADING CO LTD's reputation within the respective industry failed to reveal any adverse information.

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

:

US$ 189,807

CAPITAL (Currency: VND - Vietnam Dong)

Authorized Capital

:

₫ 4,000,000,000

Date	Authorized Capital - History
28 Apr, 2009	800,000,000
Mar, 2014	4,000,000,000

SHAREHOLDERS

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

Currency

:

VND - Vietnam Dong

No.	Shareholders	Country	Shares
			Number	Amount (VND)	%
1	Ms. Pham Thi Khanh Ly	Vietnam	n/a	n/a	100.00
Total			n/a	n/a	100.00

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	5%
Imports	95%

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 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 VND Vietnam Dong

=

0.000047 USD United States Dollars

ADDITIONAL INFORMATION

KEY FACTS
Registered Legal Address	:	55 Tam Chau St KP5 Tam Phu Ward, Thu Duc, Ho Chi Minh
Operational Address	:	55 Tam Chau St KP5 Tam Phu Ward, Thu Duc, Ho Chi Minh
Issuing Authority	:	Dept. of Planning & Investment - Ho Chi Minh
License Number	:	0308607950
License Status	:	License exists - Normal.
Legal Form - Category	:	Private Company with Limited Liability
Legal Form	:	Company Limited
Legal Form - Abbreviation	:	CO LTD
Operational Status of Business	:	Normal
Date of Registration	:	28 Apr, 2009
Employees	:	5

REPORT DETAILS
Country	:	Vietnam
Business Entity Name	:	KHANH LY PRODUCTION TRADING CO LTD
Primary Business Activity	:	Importer
Primary Industry	:	Textiles & Raw Material
Office Contact Details
Operating Address	:	55 Tam Chau St KP5 Tam Phu Ward, Thu Duc, Ho Chi Minh
Tel	:	[+84] 8-38961773
Mobile	:	[+84]-937377644
Fax	:	[+84] 8-38961773
Email	:	khanhly.1970@yahoo.com.vn

 Primary Products

Products / Materials / Services Description	Activity
Silk	Importing, Trading
Yarn products	Importing, Trading

SIC PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description	Code	Activity
Textile goods, nspf	2299	Importing, Trading
Thread and handwork yarns	2284	Importing, Trading
Yarn, spun, of cotton, man-made fibers, and silk	2281	Importing, Trading

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description	Code	Activity
Silk, inc. yarns & woven fabrics thereof	5000	Importing, Trading
Textile products etc. for specific tech uses	5911	Importing, Trading

CORE BUSINESS DESCRIPTION

Core Business

The primary business focus of KHANH LY PRODUCTION TRADING CO LTD is Importing - Finished products.

Key products include:

· Yarn products

· Silk

Supplementary Business

In addition to the core business, KHANH LY PRODUCTION TRADING CO LTD also is engaged in the following areas of business:

Trading

Trading - Finished products

BANK DETAILS

Bank Name	:	VIETNAM EXPORT IMPORT COMMERCIAL JOINT STOCK BANK
Global Identifier	:	32408823
Branch	:	District 1,Ho Chi Minh
Branch Address	:	THU DUC
SWIFT Code	:	EBVIVNVX

INTERNATIONAL TRADE - ACTIVITY & MARKETS
Country / Region	Estimated level of importance	Trading Activity
Asia / Pacific	Medium	Importing
China	Medium	Importing
Indonesia	Medium	Importing
Malaysia	Medium	Importing
Taiwan	Medium	Importing
Thailand	Medium	Importing

OFFICE & FACILITIES

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

Name	:	KHANH LY PRODUCTION TRADING CO LTD - THU DUC, HO CHI MINH
Primary Use	:	Office & Administration facilities
Address	:	55 Tam Chau St KP5 Tam Phu Ward, Thu Duc, Ho Chi Minh
Country	:	Vietnam
Status	:	Operational

NOTES & COMMENTS

Note

:

^(1) Legal status of the English corporate name The English name of the Subject Business Entity (SBE) is a randomly selected translation / transliteration made by the owners of the SBE. It is not a registered English corporate name, but simply a translation / transliteration of the local language name.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.05
UK Pound	1	Rs.101.84
Euro	1	Rs.81.55

INFORMATION DETAILS

Analysis Done by :	KAR
Report Prepared by :	TPT

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.