MIRA INFORM REPORT

Report No. :	333528
Report Date :	31.07.2015

IDENTIFICATION DETAILS

Name :	DONG TIEN JSC
Registered Office :	10 Phan Trung St Tan Tien Ward, Bien Hoa, Dong Nai
Country :	Vietnam
Financials (as on) :	31.12.2014
Date of Incorporation :	06.04.2007
Legal Form :	Joint Stock Company
Line of Business :	Subject is manufacturer of garments & accessories
No. of Employee :	3,023

RATING & COMMENTS

MIRA’s Rating :

Ba

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

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	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	:	DONG TIEN JSC ^(1)
Address	:	10 Phan Trung St Tan Tien Ward, Bien Hoa, Dong Nai
Country	:	Vietnam
Phone (S)	:	[+84] 61-3822248
Facsimile	:	[+84] 61-3823441
Email	:	dovitec@hcm.vnn.vn
Website	:	http://www.dovitec.com.vn
Primary Business Activity	:	Manufacturer
Key Industry	:	Garments & Accessories

Key Facts

Registered Legal Address

:

10 Phan Trung St Tan Tien Ward, Bien Hoa, Dong Nai

Operational Address

:

10 Phan Trung St Tan Tien Ward, Bien Hoa, Dong Nai

Trading Name

:

DOVITEC

Name History

:

Business Entity Name	Effective Date
DONG TIEN GARMENT CO LTD	4 Jul, 1992
DONG TIEN JSC	6 Apr, 2007

Issuing Authority

:

Dept. of Planning & Investment - Bien Hoa

License Number

:

3600259810

License Status

:

License exists - Normal.

Legal Form - Category

:

Joint Stock Company

Legal Form

:

Joint Stock Company

Legal Form - Abbreviation

:

JSC

Operational Status of Business

:

Normal

Date of Registration

:

11 Jul, 2012

Employees

:

3,023

Capital

:

US$ 1,756,198

PREVIOUS BUSINESS LICENSE/S

License Date	License No.
4 Jul, 1992	047051
6 Apr, 2007	4703000370

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	:	Chairman
Name	:	Mr. Nguyen Dinh Truong
Nationality	:	Vietnamese

COMPANY MANAGEMENT

Management Listings

	Name	Nationality	Job Description	Dept. / Division
1	Ms. Ho Thi Cuc	Vietnamese	Chief Accountant	-
2	Ms. Nguyen Thi Hong Duc	Vietnamese	Deputy Managing Director	-
3	Mr. Nguyen Van Hoang	Vietnamese	Deputy Managing Director	-
4	Ms. Ngo Thi Manh	Vietnamese	Deputy Managing Director	-
5	Mr. Le Tan Tai	Vietnamese	Deputy Managing Director	-
6	Mr. Vu Ngoc Thuan	Vietnamese	Managing Director	-

Management Details - 1

Personal Unique Identifier	:	MI02827813
Name	:	Ms. Ho Thi Cuc
Date of Birth	:	1960

Management Details - 2

Personal Unique Identifier	:	MI02827803
Name	:	Ms. Nguyen Thi Hong Duc
Date of Birth	:	1958

Management Details - 3

Personal Unique Identifier	:	MI02827807
Name	:	Mr. Nguyen Van Hoang
Email	:	nguyenvanhoang@dovitec.com.vn
Date of Birth	:	1968

Management Details - 4

Personal Unique Identifier	:	MI02827806
Name	:	Ms. Ngo Thi Manh
Date of Birth	:	1959

Management Details - 5

Personal Unique Identifier	:	MI02827805
Name	:	Mr. Le Tan Tai
Date of Birth	:	1956

Management Details - 6

Personal Unique Identifier	:	MI02827751
Name	:	Mr. Vu Ngoc Thuan
Date of Birth	:	1950

COMPANY DIRECTORS

1
Personal Unique Identifier	:	MI02827809
Name	:	Mr. Nguyen Dinh Truong
Date of Birth	:	1948
2
Personal Unique Identifier	:	MI02827751
Name	:	Mr. Vu Ngoc Thuan
Date of Birth	:	1950

NEGATIVE INFORMATION

REPUTATION

Reference checking for the purpose of establishing DONG TIEN JSC'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: VND - Vietnam Dong)
Authorized Capital	:	₫ 38,250,000,000

Date	Authorized Capital - History
4 Jul, 1992	25,500,000,000
11 Jul, 2012	38,250,000,000

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

Currency

:

VND - Vietnam Dong

No.	Shareholders	Country	Shares
			Number	Amount (VND)	%
1	Undisclosed Shareholders	n/a	n/a	n/a	48.85
2	VIET TIEN GARMENT CO	Vietnam	n/a	n/a	26.06
3	DONG NAI DEVELOPMENT INVESTMENT FUND	Vietnam	n/a	n/a	25.00
4	Mr. Vu Ngoc Thuan	Vietnam	n/a	n/a	0.09
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	20%
International Sales (Export)	80%
Annual Purchases Analysis	Percentage
Local Purchases	30%
Imports	70%

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
Local	Cash on delivery (COD) Credit - Unsecured 30~60 days
Import	Letter of Credit (At-sight) Telegraphic Transfer (T/T) - Executed at time of transaction

GROUP STRUCTURE & AFFILIATED COMPANIES

RELATED PARTIES (Subsidiaries , Joint-ventures & Affiliates)

The following provides a summary of the number of businesses that are related to DONG TIEN JSC:

TYPE	DOMESTIC
	TOTAL
Subsidiaries	3
Joint-Ventures	-
Minority shareholdings	-
Affiliates	-
Liaison / Representative Offices	-

Domestic

Business Entity Name	:	BINH AN GARMENT TEXTILE MATERIAL ACCESSORIES JSC
Global Identifier	:	P3285653
Country	:	Vietnam
Relationship	:	Subsidiary
Operational Address	:	Quarter 1 Linh Trung Ward, Thu Duc, Ho Chi Minh

Business Entity Name	:	BINH THANG INFRASTRUCTURE INVESTMENT JSC
Global Identifier	:	P3285650
Country	:	Vietnam
Relationship	:	Subsidiary
Operational Address	:	Binh An Textile Industrial Park, Di An Dist, Binh Duong

Business Entity Name	:	DONG PHU CUONG JSC
Global Identifier	:	P3285651
Country	:	Vietnam
Relationship	:	Subsidiary
Operational Address	:	Lot B1 Phu Cuong Industrial Zones Phu Cuong Commune, Dinh Quan, Dong Nai

FINANCIAL INFORMATION

Financials - Summary  (Currency: USD - US Dollar)

Year	Turnover	Assets	Net Income
2012 Annual	20,476,301	6,966,356	1,477,815
2013 Annual	24,032,475	11,080,567	1,443,137
2014 Annual	32,879,547	17,773,132	2,090,609

Sales Trend – Analysis

2005	2006	2007	2008	2009	2010	2011	2012	2013	2014
-	-	-	-	-	-	-	-

FINANCIALS - SUMMARY (Currency: USD - US Dollar)

Year	Turnover	Assets	Net Income
2009 Annual	15,483,007	10,577,516	-79,596
2010 Annual	17,416,829	6,338,789	1,305,028

FINANCIAL STATEMENT - DETAILED

Balance Sheet

Currency	:	VND
Denomination	:	1
Financial Year Ending	:	December

Financial Highlights	2012 Annual	2013 Annual	2014 Annual
Current Assets(*)	87,754,000,000	163,275,000,000	266,516,000,000
Non Current Assets(*)	57,318,000,000	70,393,000,000	109,272,000,000
Non Current Liabilities(*)	17,905,000,000	8,432,000,000	17,676,000,000
Share Capital(*)	38,250,000,000	38,250,000,000	38,250,000,000
Other long term assets
Total Assets(*)	145,072,000,000	233,668,000,000	375,788,000,000
Total Liabilities(*)	86,486,000,000	151,346,000,000	278,111,000,000
Current Liabilities(*)	68,581,000,000	142,914,000,000	260,435,000,000
Long term liabilities
Shareholders Funds(*)	58,586,000,000	82,322,000,000	97,677,000,000
Current assets & short term investments	87,754,000,000	163,275,000,000	266,516,000,000
Cash & cash equivalents	14,177,000,000	58,092,000,000	4,516,000,000
Cash	14,177,000,000	58,092,000,000	4,516,000,000
Short term investments	-	-	16,152,000,000
Short term securities investments	-	-	16,152,000,000
Accounts receivable	35,033,000,000	62,117,000,000	115,033,000,000
Accounts receivable trade	30,585,000,000	56,838,000,000	107,334,000,000
Trade prepayment	2,707,000,000	5,297,000,000	3,404,000,000
Others receivables	3,439,000,000	1,680,000,000	5,993,000,000
Provision for bad debts	(1,698,000,000)	(1,698,000,000)	(1,698,000,000)
i. Inventories	35,075,000,000	38,445,000,000	112,177,000,000
ii. Inventories	35,871,000,000	39,341,000,000	113,126,000,000
Provision for decline in inventory	(796,000,000)	(896,000,000)	(949,000,000)
i. Other short term asset	3,469,000,000	4,621,000,000	18,638,000,000
Prepaid expenses	1,192,000,000	774,000,000	2,946,000,000
VAT deductible	2,158,000,000	3,681,000,000	15,526,000,000
ii. Other short term asset	119,000,000	166,000,000	166,000,000
Long term assets	57,318,000,000	70,393,000,000	109,272,000,000
Fixed assets	27,205,000,000	39,136,000,000	77,347,000,000
Tangible fixed assets	27,205,000,000	28,226,000,000	42,894,000,000
i. Cost	114,649,000,000	123,035,000,000	147,765,000,000
i. Accumulated depreciation	87,444,000,000	94,809,000,000	104,871,000,000
Intangible fixed assets	-	10,723,000,000	10,371,000,000
ii. Cost	-	12,930,000,000	12,930,000,000
ii. Accumulated depreciation	-	2,207,000,000	2,559,000,000
Construction in progress	-	187,000,000	24,082,000,000
Long term investments	17,539,000,000	29,601,000,000	29,601,000,000
Invest to subsidiary company	-	21,062,000,000	11,000,000,000
Invest to joint venture company	6,539,000,000	6,539,000,000	16,601,000,000
Other long term investments	11,000,000,000	2,000,000,000	2,000,000,000
i. Other long term assets	12,574,000,000	1,656,000,000	2,324,000,000
Long term prepayments	12,123,000,000	1,117,000,000	1,226,000,000
Asset of income tax delay	-	88,000,000	629,000,000
ii. Other long term assets	451,000,000	451,000,000	469,000,000
Total assets	145,072,000,000	233,668,000,000	375,788,000,000
Liabilities	86,486,000,000	151,346,000,000	278,111,000,000
Current liabilities	68,581,000,000	142,914,000,000	260,435,000,000
Short term borrowings	-	47,114,000,000	109,557,000,000
Accounts payables-trade	13,443,000,000	19,606,000,000	49,285,000,000
Advances from customers	5,087,000,000	20,169,000,000	9,246,000,000
Taxes and payable to state budget	3,709,000,000	3,911,000,000	4,344,000,000
Payable to employees	29,238,000,000	48,456,000,000	66,215,000,000
Accrued expenses payable	50,000,000	106,000,000	88,000,000
Other payables	10,758,000,000	1,005,000,000	17,956,000,000
Bonus and welfare funds	6,296,000,000	2,547,000,000	3,744,000,000
Long term liabilities	17,905,000,000	8,432,000,000	17,676,000,000
Long term borrowings	17,905,000,000	8,432,000,000	17,676,000,000
i. Owner's equity	58,586,000,000	82,322,000,000	97,677,000,000
ii. Owner's equity	58,586,000,000	82,322,000,000	97,677,000,000
Business capital	38,250,000,000	38,250,000,000	38,250,000,000
Business development funds	13,632,000,000	16,675,000,000	21,095,000,000
Financial reserved funds	3,990,000,000	3,990,000,000	3,990,000,000
Retained earnings	2,714,000,000	23,407,000,000	34,342,000,000
Total resources	145,072,000,000	233,668,000,000	375,788,000,000

Note: (*)

Financial Highlights

Income Statement

Currency	:	VND
Denomination	:	1
Financial Year Ending	:	December

Financial Highlights	2012 Annual	2013 Annual	2014 Annual
Turnover(*)	426,412,000,000	506,799,000,000	695,192,000,000
Profit (Loss) Before Tax(*)	38,430,000,000	40,993,000,000	56,503,000,000
Profit After Tax attributable to Shareholders(*)	30,775,000,000	30,433,000,000	44,203,000,000
Gross sales	426,412,000,000	506,799,000,000	695,192,000,000
Less deductions	-	554,000,000	-
Net income	426,412,000,000	506,245,000,000	695,192,000,000
Cost of goods sold	356,489,000,000	416,172,000,000	565,250,000,000
Gross margin	69,923,000,000	90,073,000,000	129,942,000,000
Income from financial activities	2,447,000,000	2,077,000,000	5,107,000,000
Expenses from financial activities	2,839,000,000	2,435,000,000	6,550,000,000
In which: Interest expenses	379,000,000	640,000,000	1,603,000,000
Selling expenses	14,602,000,000	17,271,000,000	24,573,000,000
General & administration expenses	26,821,000,000	34,184,000,000	47,429,000,000
Net income from operating activities	28,108,000,000	38,260,000,000	56,497,000,000
Extraordinary income	11,670,000,000	2,756,000,000	1,038,000,000
Extraordinary expenses	1,348,000,000	23,000,000	1,032,000,000
Extraordinary gains	10,322,000,000	2,733,000,000	6,000,000
Net profit before tax	38,430,000,000	40,993,000,000	56,503,000,000
Income tax	7,655,000,000	10,648,000,000	12,841,000,000
Income tax delay	-	88,000,000	541,000,000
Net profit after tax	30,775,000,000	30,433,000,000	44,203,000,000

Note: (*)

Financial Highlights

Financial Ratios

Financial Highlights	2012 Annual	2013 Annual	2014 Annual
Growth %
Year-on-Year Growth	-	18.85	37.17
Profitability
Profit Margin (%)	7.22	6.00	6.36
Return on Equity (%)	52.53	36.97	45.25
Return on Assets (%)	21.21	13.02	11.76
Leverage
Total Debt Equity (Times)	1.48	1.84	2.85
Current Debt Equity (Times)	1.17	1.74	2.67
Long Term Debt to Equity	0.31	0.10	0.18
Total Asset To Total Equity	2.48	2.84	3.85
Asset Management
Total Assets Turnover (Times)	2.94	2.17	1.85
Fixed Assets Turnover (Times)	7.44	7.20	6.36
Liquidity
Current Ratio	1.28	1.14	1.02

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. Although basic financials were obtained for reference.

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	:	DONG TIEN JSC
Primary Business Activity	:	Manufacturer
Primary Industry	:	Garments & Accessories
Office Contact Details
Operating Address	:	10 Phan Trung St Tan Tien Ward, Bien Hoa, Dong Nai
Tel	:	[+84] 61-3822248
Fax	:	[+84] 61-3823441
Email	:	dovitec@hcm.vnn.vn
Website Details
Website	:	http://www.dovitec.com.vn
Status	:	Normal - operational
Country of Registration	:	Vietnam
Ownership Type	:	Registered ownership by Subject Business Entity
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	:	3600259810

Primary Products

Products / Materials / Services Description	Activity
Apparel	Manufacturing, Exporting
Blouses	Manufacturing, Exporting
Briefs	Manufacturing, Exporting
Costumes	Manufacturing, Exporting
Garments	Manufacturing, Exporting

SIC PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description	Code	Activity
Apparel/Other Textile Products	2300	Manufacturing, Exporting
Brassieres and allied garments	2342	Manufacturing, Exporting
Dresses/Blouses/Shirts, child	2361	Manufacturing, Exporting
Female/Child Clothing	5137	Manufacturing, Exporting
Men's and boys' clothing, nspf	2329	Manufacturing, Exporting
Men's and boys' shirts	2321	Manufacturing, Exporting
Men's and boys' underwear and nightwear	2322	Manufacturing, Exporting
Women's and misses' blouses and shirts	2331	Manufacturing, Exporting
Women's and misses' suits, skirts, and coats	2337	Manufacturing
Women's girls', and infants' underwear and nightwear	2341	Manufacturing, Exporting

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description	Code	Activity
Articles of apparel & clothing accessories-knitted or crocheted	6100	Manufacturing, Exporting
Coats & jackets (not of reptile leather)	4203100010	Manufacturing, Exporting
Garments nesoi, knitted or crocheted	6114	Manufacturing, Exporting
Men's or boys' shirts, knitted or crocheted	6105	Manufacturing, Exporting
Men's or boys' shirts, not knitted or crocheted	6205	Manufacturing, Exporting
Men's or boys' trousers, breeches and shorts of other textile materials, knitted or crocheted	6103493020	Manufacturing, Exporting
Sweaters, pullovers, vests etc, knit or crocheted	6110	Manufacturing, Exporting
Women's or girls' blouses & shirts, knit or crocheted	6106	Manufacturing, Exporting
Women's or girls' blouses, shirts etc not knit etc	6206	Manufacturing, Exporting
Women's or girls' trousers and breeches, knitted or crocheted, of other textile materials	6104698038	Manufacturing, Exporting

DETAILED PRODUCT CLASSIFICATION & ACTIVITY

Products / Materials / Services Description	Ranking	Activity
Jackets	Primary	Manufacturing, Exporting
Shirts	Primary	Manufacturing, Exporting
Sportswear	Primary	Manufacturing, Exporting
Sweaters	Primary	Manufacturing, Exporting
Trousers	Primary	Manufacturing, Exporting
Underwear	Primary	Manufacturing, Exporting

CORE BUSINESS DESCRIPTION

Core Business

The primary business focus of DONG TIEN JSC is Manufacturing - Finished products.
Key products include :

Apparel

Blouses

Briefs

Costumes

Garments

Jackets

Shirts

Sportswear

Sweaters

Trousers

Underwear

An integral part of the core business includes:

Distribution

Supplementary Business

In addition to the core business, DONG TIEN JSC also is engaged in the following areas of business:

Exporting

Exporting - Finished products

Importing

Importing - Raw materials

BANK DETAILS

Bank Name	:	AN BINH COMMERCIAL JOINT STOCK BANK JSC
Global Identifier	:	P1155469
Branch	:	District 1,Ho Chi Minh
Branch Address	:	170 Hai Ba Trung St Dakao Ward District 1 Ho Chi Minh (Head Office)
SWIFT Code	:	ABBKVNVX
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, DONG NAI
SWIFT Code	:	BFTVVNVX
Bank Name	:	JOINT STOCK COMMERCIAL BANK FOR INVESTMENT & DEVELOPMENT OF VIETNAM
Global Identifier	:	32400483
Branch	:	Hoan Kiem Dist,Hanoi
Branch Address	:	JOINT STOCK COMMERCIAL BANK FOR INVESTMENT AND DEVELOPMENT OF VIETNAM, NAM DONG NAI BRANCH
SWIFT Code	:	BIDVVNVX
Bank Name	:	VIETNAM COMMERCIAL JOINT STOCK BANK FOR PRIVATE ENTERPRISES
Global Identifier	:	32408808
Branch	:	Hoan Kiem,Hanoi
Branch Address	:	VIETNAM COMMERCIAL JOINT STOCK BANK FOR PRIVATE ENTERPRISES - DONG NAI
SWIFT Code	:	This bank does not have a SWIFT Code

INTERNATIONAL TRADE - Activity & Markets
Country / Region	Estimated level of importance	Trading Activity
Asia / Pacific	Medium	Importing, Exporting
Europe	Medium	Importing, Exporting
North America	Medium	Exporting
Canada	Medium	Exporting
China	Medium	Importing
Germany	Medium	Importing
Hong Kong	Medium	Importing
Japan	Medium	Importing, Exporting
Singapore	Medium	Importing
Taiwan	Medium	Importing, Exporting
USA	Medium	Exporting

OFFICE & FACILITIES

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

Name	:	DONG TIEN JSC - BIEN HOA, DONG NAI
Primary Use	:	Office & Administration facilities
Address	:	10 Phan Trung St Tan Tien Ward, Bien Hoa, Dong Nai
Country	:	Vietnam
Status	:	Operational

COMPANY HISTORY

Date	Details
1992 - Jul	Established as a government-owned enterprise.
2007 - Apr	Changed legal form to joint stock company.
2011 - Jan	As of this date, the company maintains four factories in Dong Nai province.

QUALITY ACCREDITATION

Quality Accreditation Listings

#	Name	Accreditation Category
1	SOCIAL ACCOUNTABILITY INTERNATIONAL (SA)	8000
2	INTERNATIONAL STANDARDS ORGANIZATION (ISO)	9001:2008

NOTES & COMMENTS

N/a

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.64.01
UK Pound	1	Rs.99.83
Euro	1	Rs.70.07

INFORMATION DETAILS

Analysis Done by :	DIV
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%)

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.