MIRA INFORM REPORT

Report No. :	321537
Report Date :	08.06.2015

IDENTIFICATION DETAILS

Name :	KIM LONG IMPORT AND EXPORT COMPANY LIMITED
Registered Office :	No.29 Van Chuong Alley, Van Chuong Ward, Dong Da District, Ha Noi City
Country :	Vietnam
Date of Incorporation :	2004
Com. Reg. No.:	0102015588
Legal Form :	Limited liability company
Line of Business :	Importer all kind of Stainless Steel Products.
No. of Employees :	15

NOTES:

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ECGC Country Risk Classification List – March 31^st, 2012

Country Name	Previous Rating (31.12.2011)	Current Rating (31.03.2012)
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 in the last 30 years has had to recover from the ravages of war, the loss of financial support from the old Soviet Bloc, and the rigidities of a centrally-planned economy. While Vietnam's economy remains dominated by state-owned enterprises, which still produce about 40% of GDP, Vietnamese authorities have reaffirmed their commitment to economic liberalization and international integration. They have moved to implement the structural reforms needed to modernize the economy and to produce more competitive export-driven industries. Vietnam joined the World Trade Organization in January 2007 following more than a decade-long negotiation process. Vietnam became an official negotiating partner in the developing Trans-Pacific Partnership trade agreement in 2010. Agriculture's share of economic output has continued to shrink from about 25% in 2000 to about 22% in 2011, while industry's share increased from 36% to 40% in the same period. Deep 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 has hurt Vietnam's export-oriented economy, with GDP in 2009-11 growing less than the 7% per annum average achieved during the last decade. In 2011, exports increased by more than 33%, year-on-year, and the trade deficit, while reduced from 2010, remained high, prompting the government to maintain administrative trade measures to limit the trade deficit. Vietnam's managed currency, the dong, continues to face downward pressure due to a persistent trade imbalance. Since 2008, the government devalued it in excess of 20% through a series of small devaluations. Foreign donors pledged nearly $8 billion in new development assistance for 2011. However, the government's strong growth-oriented economic policies have caused it to struggle to control one of the region's highest inflation rates, which reached as high as 23% in August 2011 and averaged 18% for the year. In February 2011, Vietnam shifted its focus away from economic growth to stabilizing its economy and tightened fiscal and monetary policies. In early 2012 Vietnam unveiled a broad "three pillar" economic reform program, proposing the restructuring of public investment, state-owned enterprises and the banking sector. Vietnam's economy continues to face challenges from low foreign exchange reserves, an undercapitalized banking sector, and high borrowing costs. The near-bankruptcy and subsequent default of the state-owned-enterprise Vinashin, a leading shipbuilder, led to a ratings downgrade of Vietnam's sovereign debt, exacerbating Vietnam's borrowing difficulties.

Source : CIA

SUBJECT IDENTIFICATION & LEGAL FORM

Current legal status
English Name	KIM LONG IMPORT AND EXPORT COMPANY LIMITED
Vietnamese Name	CONG TY TNHH XUAT NHAP KHAU KIM LONG
Short name	KIM LONG IMPEX CO., LTD
Type of Business	Limited liability company
Year Established	2004
Business Registration No.	0102015588
Date of Registration	31 Dec 2004
Place of Registration	Hanoi Planning and Investment Department
Chartered capital	VND 1,000,000,000
Status	Unlisted
Tax code	0101594889
Total Employees	15
Size	Small

Historical Identification & Legal form

List	Changed Items	Date of changes
1	Subject has got former transaction address: No. 975, Giai Phong Street, Giap Bat Ward, Hoang Mai District, Ha Noi City, Vietnam Changed to: No. 985, Giai Phong Street, Giap Bat Ward, Hoang Mai District, Ha Noi City, Vietnam	2010
2	Subject has got former registration address: 19/26 Alley, Thai Thinh 2 Lane, Thai Thinh Str., Thinh Quang Ward, Dong Da Dist, Hanoi City Changed to: No.29 Van Chuong Alley, Van Chuong Ward, Dong Da District, Ha Noi City, Vietnam	N/A

ADDRESSES
Registration Address
Address	No.29 Van Chuong Alley, Van Chuong Ward, Dong Da District, Ha Noi City, Vietnam
Transaction office in Ha Noi
Address	No.985 Giai Phong Street, Giap Bat Ward, Hoang Mai District, Ha Noi City, Vietnam
Telephone	(84-4) 36646734 / 36647242
Fax	(84-4) 36646735
Email	sales@kimlongimpex.com
Website	http://www.kimlongimpex.com
Note: The correct address of the subject is as above.

DIRECTORS
1. NAME	Ms. DINH THI BICH LIEN
Position	Director
Date of Birth	09 Jan 1976
ID Number/Passport	012835156
ID Issue Date	28 Oct 2005
ID Issue Place	Hanoi Police Station
Resident	No.22, Group 13, Thanh Xuan Trung Ward, Thanh Xuan District, Ha Noi City, Vietnam
Nationality	Vietnamese
Tel/Mobile phone	(84) 912354971
Email	sales@kimlongimpex.com
2. NAME	Mr. PHAN HONG THUY
Position	Deputy Director
Date of Birth	09 Jan 1975
ID Number/Passport	012207185
Resident	P314, Alley 203, Thanh Luong Ward, Hai Ba Trung District, Ha Noi City, Vietnam
Nationality	Vietnamese
Tel/Mobile phone	(84) 904217713

BUSINESS NATURE AND ACTIVITIES

The subject is a importer all kind of stainless steel products including: bars & wires, coil rolled sheets & coils, stainless springs steel, specialty steels and TIG, MIG wires to Viet Nam market.

IMPORT & EXPORT ACTIVITIES
IMPORT:
· Market	India, Korea, Japan and Belgium
· Mode of payment	LC
EXPORT:
Note: Currently, the subject does not export

BANKERS
1. HANOI BUILDING COMMERCIAL JOINT STOCK BANK HAM LONG BRANCH
Address	No. 67C Ham Long, Hoan Kiem District, Ha Noi City, Vietnam
Telephone	(84-4) 39289175
Fax	(84-4) 39432436
2. MILITARY COMMERCIAL JOINT STOCK BANK DONG DA BRANCH
Address	No.229 Tay Son Street, Dong Da District, Ha Noi City, Vietnam
Telephone	(84-4) 3563 9759
Fax	(84-4) 3563 9762

SHAREHOLDERS
1. NAME	Ms. DINH THI BICH LIEN
Position	Director
Date of Birth	09 Jan 1976
ID Number/Passport	012835156
Issued on	28 Oct 2005
Issued Place	Hanoi Police Station
Resident	No.22, Group 13, Thanh Xuan Trung Ward, Thanh Xuan District, Ha Noi City, Vietnam
Email	sales@kimlongimpex.com
Mobile phone	(84) 912354971
Nationality	Vietnamese
Percentage	50%
2. NAME	Mr. PHAN HONG THUY
Position	Deputy Director
Date of Birth	09 Jan 1975
ID Number/Passport	012207185
Resident	P314, Alley 203, Thanh Luong Ward, Hai Ba Trung District, Ha Noi City, Vietnam
Mobile phone	(84) 904217713
Nationality	Vietnamese
Percentage	50%

FINANCIAL DATA
N/A
PAYMENT HISTORY & PERFORMANCE EXPERIENCES
Trade Morality	Fair
Liquidity	N/A
Payment status	N/A
Financial Situation	Average
Development trend	Stable
Litigation data	No Record
Bankruptcy	No Record
Payment Methods	L/C
Sale Methods	Retailer and Wholesaler
Public opinion	Good

INTERPRETATION ON THE SCORES

Established in 2004, KIM LONG IMPORT AND EXPORT COMPANY LIMITED (KIM LONG IMPEX CO., LTD) has operated under business registration No. 0102015588 granted by Hanoi Planning and Investment Department with registered capital of VND 1 billion.

Currently, head office of the subject is located at No.29 Van Chuong Alley, Van Chuong Ward, Dong Da District, Ha Noi City. However, all transactions are carried out at No.985 Giai Phong Street, Giap Bat Ward, Hoang Mai District, Ha Noi City.

The subject is specialized in trading stainless steel, spring & super thin stainless steel and special steel imported from India, Korea, Japan and Belgium.

We are so sorry we could not collect the latest financial statements of the subject. So we have no comment about that. According to Ms. Dinh Thi Bich Lien – Director, the subject reached total sales of about VND 26 billion in 2011.

In general, the subject is considered as a small scale company in this field. Its business activities are now busy. With current capacity, the subject is reliable to meet small transactions.

APPENDIX

INDUSTRY DATA
Industry code	Growth speed by price compared with 1994 (%)		Total enterprises 2009		Total employees 2010 (Thous.pers.)	Annual average capital of enterprises 2009 (billion dongs)
	2011	2010
Agriculture, Forestry and Fishing	4.00	2.78	8,749		23,896.3	81,559
Industry and Construction	5.53	7.70	85,115		10,630	2,751,975
Trade and Services	6.69	7.52	154,978		14,522	4,939,069
ECONOMIC INDICATORS
			2011	2010		2009
Population (Million person)			87.84	86.93		86.02
Gross Domestic Products (USD billion)			119	102.2		91
GDP Growth (%)			5.89	6.78		5.32
GDP Per Capita (USD/person/year)			1,300	1,160		1,080
Inflation (% Change in Composite CPI)			18.58	11.75		6.88
State Budget Deficit compared with GDP (%)			4.9	5.8		6.9
SERVICE TRADE PERFORMANCE
Billion USD			2011	2010		2009
Exports			96.3	72.2		57.1
Imports			105.8	84.8		69.9
Trade Balance			-9.5	-12.6		-12.8

Source: General Statistics Office

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.63.90
UK Pound	1	Rs.97.98
Euro	1	Rs.71.82

INFORMATION DETAILS

Report Prepared by :

NIT

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