MIRA INFORM REPORT

Report No. :	330467
Report Date :	11.07.2015

IDENTIFICATION DETAILS

Name :	GIMEXCO INTERNATIONAL EXPORT IMPORT CO LTD

Registered Office :	531 Le Thanh Tong St Van My Ward, Ngo Quyen Dist, Haiphong

Country :	Vietnam

Date of Incorporation :	03.01.2013

Legal Form :	Private Company with Limited Liability

Line of Business :	Exporter of Construction & Construction Materials

No. of Employees :	6

RATING & COMMENTS

MIRA’s Rating :

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

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	:	GIMEXCO INTERNATIONAL EXPORT IMPORT CO LTD ⁽¹⁾
Address	:	531 Le Thanh Tong St Van My Ward, Ngo Quyen Dist, Haiphong
Country	:	Vietnam
Phone (S)	:	[+84] 31-3733268
Facsimile	:	[+84] 31-3733265
Email	:	nguyenhienvp11@gmail.com
Primary Business Activity	:	Exporter
Key Industry	:	Construction & Construction Materials

Key Facts
Registered Legal Address	:	531 Le Thanh Tong St Van My Ward, Ngo Quyen Dist, Haiphong
Operational Address	:	531 Le Thanh Tong St Van My Ward, Ngo Quyen Dist, Haiphong
Trading Name	:	GIMEXCO INT CO LTD
Issuing Authority	:	Dept. of Planning & Investment - Hai Phong
License Number	:	0201287627
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	:	3 Jan, 2013
Employees	:	6
Capital	:	US$ 82,645
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. Thu Hien Thi Nguyen
Nationality	:	Vietnamese

COMPANY MANAGEMENT

Management Listings

	Name	Nationality	Job Description	Dept. / Division
1	Ms. Linh Chi Thi Khuc	Vietnamese	Chief Accountant	-

Management Details - 1

Personal Unique Identifier	:	MI03875585
Name	:	Ms. Linh Chi Thi Khuc
Date of Birth	:	1986

COMPANY DIRECTORS

1
Personal Unique Identifier	:	MI03875582
Name	:	Ms. Thu Hien Thi Nguyen
Date of Birth	:	1987

NEGATIVE INFORMATION

REPUTATION

Due to the recent incorporation of the GIMEXCO INTERNATIONAL EXPORT IMPORT 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

₫ 1,800,000,000

SHAREHOLDERS

Total number of shareholders	:	2
Total number of shares	:	n/a

Currency

VND - Vietnam Dong

No.	Shareholders	Country	Shares
No.	Shareholders	Country	Number	Amount (VND)	%
1	Ms. Thu Hien Thi Nguyen	Vietnam	n/a	n/a	88.63
2	Mr. Y. Ngoc Nguyen	Vietnam	n/a	n/a	11.37
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
International Sales (Export)	100%
Annual Purchases Analysis	Percentage
Local Purchases	100%

PAYMENT TERMS

Selling

Type

Terms

Export

Letter of Credit (At-sight)

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

Purchasing

Type

Terms

Local

Cash on delivery (COD)

Credit - Secured with Post-dated checks 30~60 days

GROUP STRUCTURE & AFFILIATED COMPANIES

N/A

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

Today's Exchange rate

1.00 VND
Vietnam Dong

0.000046 USD
United States Dollars

ADDITIONAL INFORMATION

Report Details
Country	:	Vietnam
Business Entity Name	:	GIMEXCO INTERNATIONAL EXPORT IMPORT CO LTD
Primary Business Activity	:	Exporter
Primary Industry	:	Construction & Construction Materials
Office Contact Details
Operating Address	:	531 Le Thanh Tong St Van My Ward, Ngo Quyen Dist, Haiphong
Tel	:	[+84] 31-3733268
Fax	:	[+84] 31-3733265
Email	:	nguyenhienvp11@gmail.com
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	:	0201287627

Primary Products

Products / Materials / Services Description	Activity
Limestone	Exporting

SIC PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description	Code	Activity
Crushed, broken limestone	1422	Exporting

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description	Code	Activity
Limestone, crushed or broken	2517100010	Exporting
Limestone, crushed or broken, other than pebbles or gravel	2517100020	Exporting

CORE BUSINESS DESCRIPTION

Core Business

The primary business focus of GIMEXCO INTERNATIONAL EXPORT IMPORT CO LTD is Exporting - Finished products.

Key product include :

Limestone

BANK DETAILS

Bank Name	:	SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK
Global Identifier	:	P0388625
Branch	:	District 3,Ho Chi Minh
Branch Address	:	266-268 Nam Ky Khoi Nghia St Ward 8 District 3 Ho Chi Minh (Head Office)
SWIFT Code	:	SGTTVNVX

INTERNATIONAL TRADE - Activity & Markets
Country / Region	Estimated level of importance	Trading Activity
Asia / Pacific	Medium	Exporting
India	Medium	Exporting

OFFICE & FACILITIES

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

Name	:	GIMEXCO INTERNATIONAL EXPORT IMPORT CO LTD - NGO QUYEN DIST, HAIPHONG
Primary Use	:	Office & Administration facilities
Address	:	531 Le Thanh Tong St Van My Ward, Ngo Quyen Dist, Haiphong
Country	:	Vietnam
Status	:	Operational

NOTES & COMMENTS

N/A

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.63.38
UK Pound	1	Rs.97.65
Euro	1	Rs.70.43

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.