MIRA INFORM REPORT

Report No. :	336819
Report Date :	22.08.2015

IDENTIFICATION DETAILS

Name :	COSMOS KNITTING INTERNATIONAL CO LTD
Registered Office :	Lot D11-D12 Viet huong Industrial Zone, Thuan An, Binh Duong
Country :	Vietnam
Date of Incorporation :	29.07.2014
Legal Form :	Private Company with Limited Liability
Line of Business :	Manufacturer of Textile and Raw Materials.
No. of Employees :	260

RATING & COMMENTS

MIRA’s Rating :

NB

RATING		STATUS	PROPOSED CREDIT LINE
--	NB	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 – March 31, 2015

Country Name	Previous Rating (31.12.2014)	Current Rating (31.03.2015)
Vietnam	A2	A2

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	:	COSMOS KNITTING INTERNATIONAL CO LTD ^(1)
Address	:	Lot D11-D12 Viet huong Industrial Zone, Thuan An, Binh Duong
Country	:	Vietnam
Phone (S)	:	[+84] 650-3843186
Facsimile	:	[+84] 650-3843189
Email	:	info@cosmos-vn.com
Website	:	http://www.cosmos-vn.com
Primary Business Activity	:	Manufacturer
Key Industry	:	Textiles & Raw Material

Key Facts

Registered Legal Address

:

Lot D11-D12 Viet huong Industrial Zone, Thuan An, Binh Duong

Operational Address

:

Lot D11-D12 Viet huong Industrial Zone, Thuan An, Binh Duong

Issuing Authority

:

BINH DUONG INDUSTRIAL ZONES AUTHORITY - Binh Duong

License Number

:

462043001116

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

:

29 Jul, 2014

Employees

:

260

Capital

:

n/a ⁽²⁾

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(Private Company with Limited Liability) in Vietnam,

there is no requirement for Authorized Capital.

PREVIOUS BUSINESS LICENSE/S

:

License Date	License No.
22 Sep, 1997	04/GP-KCN-BD

DIRECTORS/MANAGEMENT

Key Person

Legal Title	:	Managing Director
Name	:	Mr. Fang-Ying Tseng
Nationality	:	Taiwanese

COMPANY MANAGEMENT

Management Listings

	Name	Nationality	Job Description	Dept. / Division
1	Ms. Dam Bich Trinh	Vietnamese	Chief Accountant	-

Management Details - 1

Personal Unique Identifier	:	MI03890917
Name	:	Ms. Dam Bich Trinh
Date of Birth	:	1973

COMPANY DIRECTORS

1
Personal Unique Identifier	:	MI03890916
Name	:	Mr. Fang-Ying Tseng
Date of Birth	:	1968

NEGATIVE INFORMATION

REPUTATION

Reference checking for the purpose of establishing COSMOS KNITTING INTERNATIONAL 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 (Currency: USD - US Dollar)

Paid-up Capital

:

$ 10,000,000

SHAREHOLDERS

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

Currency

:

USD - US Dollar

No.	Shareholders	Country	Shares
			Number	Amount (USD)	%
1	WONDER LINK ENTERPRISE CO LTD	Taiwan	n/a	10,000,000	100.00
Total			n/a	10,000,000	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	40%
International Sales (Export)	60%
Annual Purchases Analysis	Percentage
Local Purchases	20%
Imports	80%

GROUP STRUCTURE & AFFILIATED COMPANIES

DIRECT / INDIRECT CORPORATE PARENT DETAILS

Direct Parent	:	WONDER LINK ENTERPRISE CO LTD
Global Identifier	:	31532129
Legal Form Category	:	Private Company with Limited Liability
Country	:	Taiwan
Operational Address	:	349 Yuan Chi Rd Section 3 Chiaotou Village Shetou Hsiang Changhwa Hsien 511
Primary Business Activity	:	Manufacturer

FINANCIAL INFORMATION

FINANCIAL STATEMENT - DETAILED

Based on the corporate laws of Vietnam, legal entities which are a 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

N/A

ADDITIONAL INFORMATION

Report Details
Country	:	Vietnam
Business Entity Name	:	COSMOS KNITTING INTERNATIONAL CO LTD
Primary Business Activity	:	Manufacturer
Primary Industry	:	Textiles & Raw Material
Office Contact Details
Operating Address	:	Lot D11-D12 Viet huong Industrial Zone, Thuan An, Binh Duong
Tel	:	[+84] 650-3843186
	:	[+84] 650-3843187
	:	[+84] 650-3843188
Fax	:	[+84] 650-3843189
Email	:	info@cosmos-vn.com
Website Details
Website	:	http://www.cosmos-vn.com
Status	:	Normal - operational
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	:	3700225131
Date of Issuance	:	19 Sep, 1998

Primary Products

Products / Materials / Services Description	Activity
Elastic bands	Manufacturing, Trading
Knitting products	Manufacturing, Trading
Webbing band	Manufacturing, Trading

SIC PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description	Code	Activity
Fabricated textile products, nspf	2399	Manufacturing, Trading
Knitting Mills, NEC	2259	Service
Textile goods, nspf	2299	Manufacturing, Trading
Warp knit fabrics	2258	Manufacturing, Trading

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description	Code	Activity
Cotton yarn (other than sewing thread), greater than or equal to 85 percent cotton, less than or equal to 14 nm, not put for retail sale, unbleached	5205111000	Manufacturing, Trading
Lace in the piece, in strips or in motifs mechanically made lace of other textile materials	5804290000	Manufacturing, Trading
Textile products etc. for specific tech uses	5911	Manufacturing, Trading

CORE BUSINESS DESCRIPTION

Core Business

The primary business focus of COSMOS KNITTING INTERNATIONAL CO LTD is Manufacturing - Finished products.

Key products include :

Knitting products

Elastic bands

Webbing band

Supplementary Business

In addition to the core business, COSMOS KNITTING INTERNATIONAL CO LTD also is engaged in the following areas of business:

Exporting

Exporting - Finished products

Importing

Importing - Raw materials

BANK DETAILS

Bank Name	:	INDOVINA BANK LTD
Global Identifier	:	32404053
Branch	:	Phu Nhuan,Ho Chi Minh
Branch Address	:	INDOVINA BANK LTD - BINH DUONG
SWIFT Code	:	IABBVNVX

INTERNATIONAL TRADE - Activity & Markets
Country / Region	Estimated level of importance	Trading Activity
Asia / Pacific	Medium	Importing, Exporting
North America	Medium	Exporting
Cambodia	Medium	Exporting
Indonesia	Medium	Exporting
Malaysia	Medium	Importing
Taiwan	Medium	Importing, Exporting
Thailand	Medium	Exporting
USA	Medium	Exporting

OFFICE & FACILITIES

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

Name	:	COSMOS KNITTING INTERNATIONAL CO LTD - THUAN AN, BINH DUONG
Primary Use	:	Office & Administration facilities
Address	:	Lot D11-D12 Viet huong Industrial Zone, Thuan An, Binh Duong
Country	:	Vietnam
Status	:	Operational

NOTES & COMMENTS

N/A

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.65.83
UK Pound	1	Rs.103.39
Euro	1	Rs.74.27

INFORMATION DETAILS

Analysis Done by :	RAS
Report Prepared by :	NIT

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.