MIRA INFORM REPORT

Report No. :	334514
Report Date :	13.08.2015

IDENTIFICATION DETAILS

Name :	VINACOMIN - INSTITUTE OF MINING SCIENCE AND TECHNOLOGY

Registered Office :	3 Phan Dinh Giot St Phuong Liet Ward, Thanh Xuan, Hanoi

Country :	Vietnam

Date of Incorporation :	25.10.2010

Legal Form :	Government-Owned Enterprise

Line of Business :	Subject is provide professional services

No. of Employee :	470

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD $500,000

Status :	Satisfactory

Payment Behaviour :	No complaints

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, 2015

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

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. Agriculture's share of economic output has shrunk from about 25% in 2000 to 18% in 2014, while industry's share increased from 36% to 38% in the same period. State-owned enterprises now account for only about 40% of GDP.

Vietnamese authorities have reaffirmed their commitment to economic modernization and a more open economy. Vietnam joined the World Trade Organization in January 2007, which has promoted more competitive, export-driven industries. Vietnam joined the 12-nation Trans-Pacific Partnership free trade agreement negotiations in 2010.

Hanoi has oscillated between promoting growth and emphasizing macroeconomic stability in recent years. Between 2008 and 2011, Vietnam's managed currency, the dong, was devalued in excess of 20%, but its value has remained relatively stable since then. 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.

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 to restructure public investment, state-owned enterprises, and the banking sector, Hanoi’s progress in meeting its goals is lagging behind its proposed schedule. Vietnam's economy continues to face challenges from an undercapitalized banking sector and non-performing loans weigh heavily on banks and businesses.

Source : CIA

REGISTERED NAME & COMPANY SUMMARY

Company Details

Organization Name	:	VINACOMIN - INSTITUTE OF MINING SCIENCE AND TECHNOLOGY ⁽¹⁾
Address	:	3 Phan Dinh Giot St Phuong Liet Ward, Thanh Xuan, Hanoi
Country	:	Vietnam
Phone (S)	:	[+84] 4-38642024
Facsimile	:	[+84] 4-38641564
Email	:	imsat@vkhcnm.com.vn
Website	:	http://www.imsat.vn
Primary Business Activity	:	Service
Key Industry	:	Professional Services
Current Credit Limit	:	USD $500,000 based on 90 days

Key Facts

Registered Legal Address

3 Phan Dinh Giot St Phuong Liet Ward, Thanh Xuan, Hanoi

Operational Address

3 Phan Dinh Giot St Phuong Liet Ward, Thanh Xuan, Hanoi

Issuing Authority

DEPARTMENT OF PLANNING & INVESTMENT - Hanoi

License Number

0100101594

License Status

License exists - Normal.

Legal Form - Category

Government-owned Enterprise

Legal Form

Not Applicable

Legal Form - Abbreviation

Not Applicable

Operational Status of Business

Normal

Date of Registration

25 Oct, 2010

Employees

470

Capital

n/a ⁽²⁾

PREVIOUS BUSINESS LICENSE/S

License Date	License No.
1 Jun, 1996	875/TVN/QD

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.

⁽²⁾ Not applicable.
According to the corporate statutory laws for this type of Legal Form - Category(Government-owned Enterprise) in Vietnam, there is no requirement for Authorized Capital.

DIRECTORS/MANAGEMENT

Key Person

Legal Title	:	Managing Director
Name	:	Mr. Tran Tu Ba
Nationality	:	Vietnamese

COMPANY MANAGEMENT

Management Listings

	Name	Nationality	Job Description	Dept. / Division
1	Mr. Truong Duc Du	Vietnamese	Vice Director	-
2	Mr. Hoang Minh Hung	Vietnamese	Vice Director	-
3	Mr. Vu Thai Nam	Vietnamese	Chief Accountant	-
4	Mr. Dao Hong Quang	Vietnamese	Vice Director	-
5	Mr. Luu Van Thuc	Vietnamese	Vice Director	-

Management Details - 1

Personal Unique Identifier	:	MI03885372
Name	:	Mr. Truong Duc Du
Date of Birth	:	1957

Country	University / College name	Qualification	Major
Vietnam	n/a	Ph.D	n/a

Management Details - 2

Personal Unique Identifier	:	MI03885374
Name	:	Mr. Hoang Minh Hung
Date of Birth	:	1961

Country	University / College name	Qualification	Major
Vietnam	n/a	Master's Degree	n/a

Management Details - 3

Personal Unique Identifier	:	MI03885381
Name	:	Mr. Vu Thai Nam

Management Details - 4

Personal Unique Identifier	:	MI03885377
Name	:	Mr. Dao Hong Quang

Country	University / College name	Qualification	Major
Vietnam	n/a	Ph.D	n/a

Management Details - 5

Personal Unique Identifier	:	MI03885368
Name	:	Mr. Luu Van Thuc
Date of Birth	:	1969

Country	University / College name	Qualification	Major
Vietnam	n/a	Ph.D	n/a

COMPANY DIRECTORS

Personal Unique Identifier

MI03885371

Names

Mr. Tran Tu Ba

Date of Birth

1959

Country	University / College name	Qualification	Major
Vietnam	n/a	Ph.D	n/a

NEGATIVE INFORMATION

REPUTATION

Reference checking for the purpose of establishing VINACOMIN - INSTITUTE OF MINING SCIENCE AND TECHNOLOGY'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

SHAREHOLDERS

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

Currency

VND - Vietnam Dong

No.	Shareholders	Country	Shares
No.	Shareholders	Country	Number	Amount (VND)	%
1	VIETNAM NATIONAL COAL AND MINERAL INDUSTRIES HOLDING CORPORATION LTD	Vietnam	n/a	n/a	100.00
Total			n/a	n/a	100.00

PAYMENT INFORMATION

N/a

GROUP STRUCTURE & AFFILIATED COMPANIES

DIRECT / INDIRECT CORPORATE PARENT DETAILS

Indirect Parent	:	MINISTRY OF INDUSTRY AND TRADE
Global Identifier	:	P1327047
Legal Form Category	:	Government-owned Organization
Country	:	Vietnam
Operational Address	:	31 Trang Tien St
Primary Business Activity	:	Service

FINANCIAL INFORMATION

FINANCIAL STATEMENT - DETAILED

Based on the corporate laws of Vietnam, legal entities which are a Government-owned Enterprise 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

Report Details

Country	:	Vietnam
Business Entity Name	:	VINACOMIN - INSTITUTE OF MINING SCIENCE AND TECHNOLOGY
Primary Business Activity	:	Service
Primary Industry	:	Professional Services
Office Contact Details
Operating Address	:	3 Phan Dinh Giot St Phuong Liet Ward, Thanh Xuan, Hanoi
Tel	:	[+84] 4-38642024
	:	[+84] 4-38645240
Fax	:	[+84] 4-38641564
Email	:	imsat@vkhcnm.com.vn
Website Details
Website	:	http://www.imsat.vn
Status	:	Normal - operational
Country of Registration	:	Vietnam
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	:	0100101594
Date of Issuance	:	16 May, 1998

Primary Products

Products / Materials / Services Description	Activity
Mining research	Service
Research institute	Service

SIC PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description	Code	Activity
Noncommercial Research Orgs	8733	Service

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description	Code	Activity
Noncommercial research organizations	9872	Service

CORE BUSINESS DESCRIPTION

Core Business

The primary business focus of VINACOMIN - INSTITUTE OF MINING SCIENCE AND TECHNOLOGY is Specialized professional services, including:

Research institute

Key service include :

Mining research

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 - HANOI
SWIFT Code	:	BFTVVNVX

OFFICE & FACILITIES

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

Name	:	VINACOMIN - INSTITUTE OF MINING SCIENCE AND TECHNOLOGY - THANH XUAN, HANOI
Primary Use	:	Office & Administration facilities
Address	:	3 Phan Dinh Giot St Phuong Liet Ward, Thanh Xuan, Hanoi
Country	:	Vietnam
Status	:	Operational

NOTES & COMMENTS

N/a

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.64.83
UK Pound	1	Rs.101.00
Euro	1	Rs.71.82

INFORMATION DETAILS

Analysis Done by :	KAR

Report Prepared by :	ASH

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.