MIRA INFORM REPORT

Report No. :	321067
Report Date :	20.05.2015

IDENTIFICATION DETAILS

Name :	NGON COFFEE CO LTD

Registered Office :	Cu Kuin Industrial Complex, Cu Kuin, Dak Lak

Country :	Vietnam

Date of Incorporation :	03.02.2009

Legal Form :	Private Company With Limited Liability

Line of Business :	Manufacturer of Food Products.

No. of Employees :	120

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 – December 31, 2014

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

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

Organization Name	:	NGON COFFEE CO LTD
Address	:	Cu Kuin Industrial Complex, Cu Kuin, Dak Lak
Country	:	Vietnam
Phone (S)	:	[+84] 50-3692199
Facsimile	:	[+84] 50-3642198
Website	:	http://www.ngoncoffee.com/
Primary Business Activity	:	Manufacturer
Key Industry	:	Food Products

Key Facts
Registered Legal Address	:	Cu Kuin Industrial Complex, Cu Kuin, Dak Lak
Operational Address	:	Cu Kuin Industrial Complex, Cu Kuin, Dak Lak
Issuing Authority	:	Dept. of Planning & Investment - Dak Lak
License Number	:	401043000062
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 Feb, 2009
Employees	:	120
Capital	:	US$ 695
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. C. Rajendra Prasad
Nationality	:	Indian

COMPANY MANAGEMENT

Management Listings

	Name	Nationality	Job Description	Dept. / Division
1	Mr. Jaju Laxmi Nivas	Indian	Deputy Managing Director	-
2	Mr. Aluri Chandra Sekhara	Indian	Deputy Managing Director	-
3	Mr. Challa Srishant	Indian	Managing Director	-

Management Details - 1

Personal Unique Identifier	:	MI03855533
Name	:	Mr. Jaju Laxmi Nivas
Date of Birth	:	1952

Management Details - 2

Personal Unique Identifier	:	MI03855534
Name	:	Mr. Aluri Chandra Sekhara
Date of Birth	:	1950

Management Details - 3

Personal Unique Identifier	:	MI03855528
Name	:	Mr. Challa Srishant
Date of Birth	:	1983

COMPANY DIRECTORS

1
Personal Unique Identifier	:	MI03855534
Name	:	Mr. Aluri Chandra Sekhara
Date of Birth	:	1950

2
Personal Unique Identifier	:	MI03855691
Name	:	Mr. C. Rajendra Prasad

3
Personal Unique Identifier	:	MI03855528
Name	:	Mr. Challa Srishant
Date of Birth	:	1983

4
Personal Unique Identifier	:	MI03855533
Name	:	Mr. Jaju Laxmi Nivas
Date of Birth	:	1952

NEGATIVE INFORMATION

REPUTATION

Reference checking for the purpose of establishing NGON COFFEE 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: VND - Vietnam Dong)

Authorized Capital

₫ 15,000,000

SHAREHOLDERS

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

Currency

VND - Vietnam Dong

No.	Shareholders	Country	Shares
No.	Shareholders	Country	Number	Amount (VND)	%
1	JAYANTI PVT LTD	India	n/a	n/a	100.00
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 - Unsecured 30~90 days

GROUP STRUCTURE & AFFILIATED COMPANIES

DIRECT / INDIRECT CORPORATE PARENT DETAILS

Direct Parent	:	JAYANTI PVT LTD
Global Identifier	:	P3241259
Country	:	India

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

Country	:	Vietnam
Business Entity Name	:	NGON COFFEE CO LTD
Primary Business Activity	:	Manufacturer
Primary Industry	:	Food Products
Office Contact Details
Operating Address	:	Cu Kuin Industrial Complex, Cu Kuin, Dak Lak
Tel	:	[+84] 50-3692199
Fax	:	[+84] 50-3642198
Website Details
Website	:	http://www.ngoncoffee.com/
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	:	6000916516

Primary Products

Products / Materials / Services Description	Activity
Decaffeinated coffee	Manufacturing, Exporting
Instant coffee	Manufacturing, Exporting
Soluble coffee	Manufacturing, Exporting

SIC PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description	Code	Activity
Food and Kindred Products	2000	Manufacturing, Exporting

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description	Code	Activity
Coffee, tea, mate & spices	0900	Manufacturing, Exporting

CORE BUSINESS DESCRIPTION

Core Business

The primary business focus of NGON COFFEE CO LTD is Manufacturing - Finished products.

Key products include :

Decaffeinated coffee

Instant coffee

Soluble coffee

An integral part of the core business includes:

Distribution

Supplementary Business

In addition to the core business, NGON COFFEE CO LTD also is engaged in the following areas of business:

Exporting

Exporting - Finished products

BANK DETAILS

Bank Name	:	VIETNAM EXPORT IMPORT COMMERCIAL JOINT STOCK BANK
Global Identifier	:	32408823
Branch	:	District 1,Ho Chi Minh
Branch Address	:	VIETNAM EXPORT IMPORT COMMERCIAL JOINT STOCK BANK - BUON ME THUOT, DAK LAK
SWIFT Code	:	EBVIVNVX

INTERNATIONAL TRADE - Activity & Markets

Country / Region	Estimated level of importance	Trading Activity
Asia / Pacific	Medium	Exporting
Europe	Medium	Exporting
China	Medium	Exporting
India	Medium	Exporting
Russia	Medium	Exporting

OFFICE & FACILITIES

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

Name	:	NGON COFFEE CO LTD - CU KUIN, DAK LAK
Primary Use	:	Office & Administration facilities
Other Use	:	This facility is also used for Manufacturing
Address	:	Cu Kuin Industrial Complex, Cu Kuin, Dak Lak
Country	:	Vietnam
Status	:	Operational

NOTES & COMMENTS

N/a

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.63.69
UK Pound	1	Rs.99.73
Euro	1	Rs.71.90

INFORMATION DETAILS

Analysis Done by :	DIV

Report Prepared by :	TPT

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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