MIRA INFORM REPORT

Report Date :

27.09.2014

IDENTIFICATION DETAILS

Name :	AN NHU SON CO LTD⁽¹⁾

Registered Office :	336/59E3 Nguyen Van Luong St Ward 12, District 6, Ho Chi Minh

Country :	Vietnam

Date of Incorporation :	11.06.2013

Legal Form :	Private Company With Limited Liability

Line of Business :	Trader of Computer & Information Products.

No of Employees :	12

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 – June 1, 2014

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

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 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	:	AN NHU SON CO LTD⁽¹⁾
Address	:	336/59E3 Nguyen Van Luong St Ward 12, District 6, Ho Chi Minh
Country	:	Vietnam
Phone (S)	:	[+84] 8-39572745
Facsimile	:	[+84] 8-39572745
Email	:	ansco@vn.hcm.vn
Primary Business Activity	:	Trader
Key Industry	:	Computer & Information Products

KEY FACTS

Registered Legal Address	:	336/59E3 Nguyen Van Luong St Ward 12, District 6, Ho Chi Minh
Operational Address	:	336/59E3 Nguyen Van Luong St Ward 12, District 6, Ho Chi Minh
Issuing Authority	:	Dept. of Planning & Investment - Ho Chi Minh
License Number	:	0302865497
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	:	11 Jun, 2013
Employees	:	12
Capital	:	US$ 90,732
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.

DIRECTORS/MANAGEMENT

KEY PERSON

Legal Title	:	Managing Director
Name	:	Ms. Nguyen Thi Phuc Nguyen
Nationality	:	Vietnamese

COMPANY DIRECTORS

1
Personal Unique Identifier	:	MI03771141
Name	:	Ms. Nguyen Thi Phuc Nguyen
Date of Birth	:	21 Aug, 1975

NEGATIVE INFORMATION

REPUTATION

Due to the recent incorporation of the AN NHU SON CO LTD, and the relatively small nature of its business, no meaningful points of reference in terms of reputation within the respective industry was possible.

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: VND - Vietnam Dong)

Authorized Capital

₫ 1,900,000,000

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	Ms. Truong Thuy Thuy Van	Vietnam	n/a	n/a	35.26
2	Ms. Nguyen Thi Phuc Nguyen	Vietnam	n/a	n/a	30.00
3	Mr. Nguyen Thanh Long	Vietnam	n/a	n/a	25.00
4	Mr. Nguyen Kim Son	Vietnam	n/a	n/a	5.00
5	Mr. Le Hoang Bao	Vietnam	n/a	n/a	4.74
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	95%
International Sales (Export)	5%

Annual Purchases Analysis	Percentage
Local Purchases	0%
Imports	100%

PAYMENT TERMS

Selling

Type

Terms

Local

Cash on delivery (COD)

Credit - Unsecured 30~60 days

Export

Letter of Credit (At-sight)

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

Purchasing

Type

Terms

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

0.000048 USD
United States Dollars

ADDITIONAL INFORMATION

Report Details

Country	:	Vietnam
Business Entity Name	:	AN NHU SON CO LTD
Primary Business Activity	:	Trader
Primary Industry	:	Computer & Information Products
Office Contact Details
Operating Address	:	336/59E3 Nguyen Van Luong St Ward 12, District 6, Ho Chi Minh
Tel	:	[+84] 8-39572745
Fax	:	[+84] 8-39572745
Email	:	ansco@vn.hcm.vn
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	:	0302865497

PRIMARY PRODUCTS

Products / Materials / Services Description	Activity
CD (compact discs)	Trading
Computer peripherals	Trading
Computers	Trading
DVD (digital video discs)	Trading
Discs	Trading

SIC PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description	Code	Activity
Computer peripheral equipment, nspf, and parts, nspf	3577	Trading
Computer storage devices	3572	Trading
Electronic computers	3571	Trading

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description	Code	Activity
Automatic data process machines; magn reader, etc. computer hardware	8471	Trading
Keyboard units	8471602000	Trading
Other headphones,earphones, microphone/speaker sets	8518302000	Trading
Parts etc for typewriters & other office machines computer accessories	8473	Trading
Video discs, recorded	8524903000	Trading

DETAILED PRODUCT CLASSIFICATION & ACTIVITY

Products / Materials / Services Description	Ranking	Activity
Headsets	Primary	Trading
Keyboards	Primary	Trading
Mouse	Primary	Trading
USB (universal serial bus)	Primary	Trading
Webcam system	Primary	Trading

CORE BUSINESS DESCRIPTION

Core Business

The primary business focus of AN NHU SON CO LTD is Trading - Finished products.

Key products include :

CD (compact discs)

Computer peripherals

Computers

DVD (digital video discs)

Discs

Headsets

Keyboards

Mouse

Webcam system

Supplementary Business

In addition to the core business, AN NHU SON CO LTD also is engaged in the following areas of business:

Exporting

Exporting - Finished products

Importing

Importing - Finished products

BANK DETAILS

Bank Name	:	JOINT STOCK COMMERCIAL BANK FOR FOREIGN TRADE OF VIETNAM
Global Identifier	:	P1072025
Branch	:	Hanoi
Branch Address	:	JOINT STOCK COMMERCIAL BANK FOR FOREIGN TRADE OF VIETNAM, BINH TAY
SWIFT Code	:	BFTVVNVX

LOCAL BRANCHES & MANAGEMENT

Branch	:	AN NHU SON CO LTD - DISTRICT 10, CHI MINH
Branch Address	:	180 Nguyen Kim St Ward 6, District 10, Chi Minh

INTERNATIONAL TRADE - Activity & Markets

Country / Region	Estimated level of importance	Trading Activity
Asia / Pacific	Medium	Importing
Europe	Medium	Exporting
North America	Medium	Exporting
France	Medium	Exporting
Taiwan	Medium	Importing
Thailand	Medium	Importing
USA	Medium	Exporting

OFFICE & FACILITIES

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

Name	:	AN NHU SON CO LTD - DISTRICT 6, HO CHI MINH
Primary Use	:	Office & Administration facilities
Address	:	336/59E3 Nguyen Van Luong St Ward 12, District 6, Ho Chi Minh
Country	:	Vietnam
Status	:	Operational

PREVIOUS BUSINESS LICENSE/S

License Date	License No.
5 Mar, 2003	4102014308

NOTES & COMMENTS

N/a

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.57
UK Pound	1	Rs.100.42
Euro	1	Rs.78.45

INFORMATION DETAILS

Analysis Done by :	RAS

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%)

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.