MIRA INFORM REPORT

Report No. :	329713
Report Date :	08.07.2015

IDENTIFICATION DETAILS

Name :	NK VIETNAM IMPORT AND EXPORT JSC
Registered Office :	15 Group 15 Kien Hung Ward, Ha Dong, Hanoi
Country :	Vietnam
Date of Incorporation :	23.09.2013
Legal Form :	Joint Stock Company
Line of Business :	Manufacturer of Plywood, Timber & Wood Products.
No. of Employees :	Not Available

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 – 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. 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 18% in 2014, while industry's share increased from 36% to 38% 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 2014 growing at 5.4%, one of the slower growth rates since 1999. Exports have grown strongly in 2013-14; 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 has remained relatively stable since then. 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, 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. Vietnam is a member of the 12-nation Trans-Pacific Partnership free trade agreement negotiations.

Source : CIA

REGISTERED NAME & COMPANY SUMMARY

Company Details
Organization Name	:	NK VIETNAM IMPORT AND EXPORT JSC
Address	:	Adjacent to 14 Position 18 Xala Urban Areas, Hanoi
Country	:	Vietnam
Phone (S)	:	[+84] 4-33115994 Status: Telephone number not working
Facsimile	:	[+84] 4-33113002 Status: Fax number not working
Website	:	http://www.nkvietnam.net
Primary Business Activity	:	Manufacturer
Key Industry	:	Plywood, Timber & Wood Products

Key Facts
Registered Legal Address	:	15 Group 15 Kien Hung Ward, Ha Dong, Hanoi
Operational Address	:	Adjacent to 14 Position 18 Xala Urban Areas, Hanoi
Issuing Authority	:	DEPARTMENT OF PLANNING & INVESTMENT - Hanoi
License Number	:	0106314084
License Status	:	License exists - Normal.
Legal Form - Category	:	Joint Stock Company
Legal Form	:	Joint Stock Company
Legal Form - Abbreviation	:	JSC
Operational Status of Business	:	It was NOT possible to confirm the operational status. ^(1)
Date of Registration	:	23 Sep, 2013
Note	:	^(1) Due to the lack of SBE's operational status, and circumstances involved, the information as listed below is only historical / on-file data and as such it has not been possible to verify against any current sources.

DIRECTORS/MANAGEMENT

Key Person

Legal Title	:	Managing Director
Name	:	Ms. Linh Thuy Pham
Registered Address	:	15 Group 15 Kien Hung Ward, Ha Dong, Hanoi
Nationality	:	Vietnamese

COMPANY DIRECTORS

1
Personal Unique Identifier	:	MI03873834
Name	:	Ms. Linh Thuy Pham
Date of Birth	:	27 Feb, 1987
Registered Address	:	15 Group 15 Kien Hung Ward ,Ha Dong ,Hanoi
Country of Residence	:	Vietnam

NEGATIVE INFORMATION

REPUTATION

Due to the lack of any third party references and the relatively small size of the NK VIETNAM IMPORT AND EXPORT JSC, it was not possible to establish any point of reference within the respective industry sector.

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$ 45,914

CAPITAL (Currency: VND - Vietnam Dong)

Authorized Capital

:

₫ 1,000,000,000

SHAREHOLDERS

Not available - According to the corporate statutory laws for this type of Legal Form - Category (Joint Stock Company) in Vietnam, there is no public disclosure of Shareholders.

PAYMENT INFORMATION

N/A

GROUP STRUCTURE & AFFILIATED COMPANIES

N/A

FINANCIAL INFORMATION

FINANCIAL STATEMENT - DETAILED

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

N/A

ADDITIONAL INFORMATION

Report Details
Country	:	Vietnam
Business Entity Name	:	NK VIETNAM IMPORT AND EXPORT JSC
Primary Business Activity	:	Manufacturer
Primary Industry	:	Plywood, Timber & Wood Products
Office Contact Details
Operating Address	:	Adjacent to 14 Position 18 Xala Urban Areas, Hanoi
Tel	:	[+84] 4-33115994 Status: Telephone number not working
Mobile	:	[+84]-985530503 Status: Mobile number working but no answer
	:	[+84]-983535468 Status: Mobile number working but no answer
Fax	:	[+84] 4-33113002 Status: Fax number not working
Factory Contact Details
Address	:	Km 27 & 500 Truong Yen Commune, Chuong My Dist, Hanoi
Website Details
Website	:	http://www.nkvietnam.net
Status	:	Normal - operational
Country of Registration	:	Vietnam
Ownership Type	:	Registered ownership by unrelated individual.
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	:	0106314084

Primary Products

Products / Materials / Services Description	Activity
Agarbattis	Manufacturing
Bamboo baskets	Manufacturing
Bamboo skewers	Manufacturing
Bamboo sticks	Manufacturing
Bamboo trays	Manufacturing

SIC PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description	Code	Activity
Furniture	5021	Manufacturing
Furniture and Homefurnishings	5700	Manufacturing
Wood products, nspf	2499	Manufacturing

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description	Code	Activity
Agarbatti and other odoriferous preparations which operate by burning	3307410000	Manufacturing
Baskets nesoi and bags, of bamboo, whether or not lined	4602101100	Manufacturing
Baskets nesoi and bags, of rattan or of palm leaf, whether or not lined	4602101300	Manufacturing
Furniture nesoi and parts thereof	9403	Manufacturing
Furniture of rattan	9403803040	Manufacturing

DETAILED PRODUCT CLASSIFICATION & ACTIVITY

Products / Materials / Services Description	Ranking	Activity
Fern	Primary	Manufacturing
Furniture	Primary	Manufacturing
Lacquer	Primary	Manufacturing
Rattan	Primary	Manufacturing
Sawdust charcoal	Primary	Manufacturing

CORE BUSINESS DESCRIPTION

Core Business

The primary business focus of NK VIETNAM IMPORT AND EXPORT JSC is Manufacturing - Finished products.
Key products include :

Agarbattis

Bamboo baskets

Bamboo skewers

Bamboo sticks

Bamboo trays

Fern

Furniture

Lacquer

Rattan

Sawdust charcoal

OFFICE & FACILITIES

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

Name	:	NK VIETNAM IMPORT AND EXPORT JSC - HANOI
Primary Use	:	Office & Administration facilities
Address	:	Adjacent to 14 Position 18 Xala Urban Areas, Hanoi
Country	:	Vietnam
Status	:	Operational

FACTORIES, SIZE, & LOCATIONS

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

Address

:

Km 27 & 500 Truong Yen Commune, Chuong My Dist, Hanoi

NOTES & COMMENTS

N/A

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.63.37
UK Pound	1	Rs.98.86
Euro	1	Rs.69.97

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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