MIRA INFORM REPORT

Report No. :	342805
Report Date :	03.10.2015

IDENTIFICATION DETAILS

Name :	DELTA IMPORT – EXPORT MEDICAL CO LTD ^(1)
Registered Office :	175 Tan Lap St Dinh Bang Ward, Tu Son Dist, Bac Ninh
Country :	Vietnam
Date of Incorporation :	04.03.2014
Legal Form :	Private Company With Limited Liability
Line of Business :	Trader of Medical Equipment & Pharmaceutical.
No. of Employees :	5

RATING & COMMENTS

MIRA’s Rating :

B

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD $30,000
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. Agriculture's share of economic output has shrunk 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 now account for only about 40% of GDP.

Vietnamese authorities have reaffirmed their commitment to economic modernization and a more open economy. Vietnam joined the World Trade Organization in January 2007, which has promoted more competitive, export-driven industries. Vietnam joined the 12-nation Trans-Pacific Partnership free trade agreement negotiations in 2010.

Hanoi has oscillated between promoting growth and emphasizing macroeconomic stability in recent years. 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. 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.

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 to restructure 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.

Source : CIA

REGISTERED NAME & COMPANY SUMMARY

Company Details

Organization Name	:	DELTA IMPORT - EXPORT MEDICAL CO LTD ^(1)
Name in Local Language	:	CÔNG TY TNHH XUẤT NHẬP KHẨU Y TẾ DELTA
Address	:	175 Tan Lap St Dinh Bang Ward, Tu Son Dist, Bac Ninh
Country	:	Vietnam
Phone (S)	:	[+84] 4-22444999
Facsimile	:	[+84] 241-3840343
Email	:	delta.im_export@yahoo.com.vn
Primary Business Activity	:	Trader
Key Industry	:	Medical Equipment & Pharmaceutical

Key Facts

Registered Legal Address

:

175 Tan Lap St Dinh Bang Ward, Tu Son Dist, Bac Ninh

Operational Address

:

175 Tan Lap St Dinh Bang Ward, Tu Son Dist, Bac Ninh

Trading Name / DBA

:

DELTA IM-EXPORT MEDICAL

License Status

:

License exists - Normal.

Issuing Authority

:

Dept. of Planning & Investment - Bac Ninh

License Number

:

2300339608

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

:

4 Mar, 2014

Employees

:

5

Capital

:

US$ 450,599

PREVIOUS BUSINESS LICENSE/S

:

License Date	License No.
7 Jul, 2008	2102001758

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.

CREDIT RECOMENDATION

Current Credit Limit: USD $30,000 based on 90 days

DIRECTORS/MANAGEMENT

 Key Person

Legal Title	:	Managing Director
Name	:	Mr. Tran Truong Hai
Nationality	:	Vietnamese

COMPANY MANAGEMENT

Management Listings

	Name	Nationality	Job Description	Dept. / Division
1	Mr. Phan Thi Thu Ha	Vietnamese	Chief Accountant	-

Management Details - 1

Personal Unique Identifier	:	MI03908695
Name	:	Mr. Phan Thi Thu Ha

COMPANY DIRECTORS

1
Personal Unique Identifier	:	MI03908688
Name	:	Mr. Tran Truong Hai
Date of Birth	:	31 Oct, 1972

NEGATIVE INFORMATION

REPUTATION

Due to the recent incorporation of the DELTA IMPORT - EXPORT MEDICAL 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

:

₫ 10,000,000,000

SHAREHOLDERS

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

No.	Shareholders	Country	Shares
			Number	Amount	%
1	Mr. Tran Viet Hai	Vietnam	n/a	n/a	50.00
2	Mr. Tran Truong Hai	Vietnam	n/a	n/a	40.00
3	Mr. Chu Hoai Phuong	Vietnam	n/a	n/a	10.00
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
Domestic Sales	100%

Annual Purchases Analysis	Percentage
Local Purchases	80%
Imports	20%

PAYMENT TERMS

Selling

Type	Terms
Local	Cash on delivery (COD) Credit - Unsecured 30~60 days

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

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

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

N/A

ADDITIONAL INFORMATION

Report Details
Country	:	Vietnam
Business Entity Name	:	DELTA IMPORT - EXPORT MEDICAL CO LTD
Primary Business Activity	:	Trader
Primary Industry	:	Medical Equipment & Pharmaceutical
Office Contact Details
Operating Address	:	175 Tan Lap St Dinh Bang Ward, Tu Son Dist, Bac Ninh
Tel	:	[+84] 4-22444999
Fax	:	[+84] 241-3840343
Email	:	delta.im_export@yahoo.com.vn
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	:	2300339608

 Primary Products

Products / Materials / Services Description	Activity
Drugs	Importing, Trading

SIC PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description	Code	Activity
Drugs/Druggists' Sundries	5122	Importing, Trading
Medical/Dental Equip/Supplies	5047	Importing, Trading
Medicinals and botanicals	2833	Importing, Trading
Pharmaceutical preparations	2834	Importing, Trading

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description	Code	Activity
Medicaments nesoi, mixed or not, in dosage etc form	3004	Importing, Trading
Pharmaceutical products	3000	Importing, Trading

CORE BUSINESS DESCRIPTION

Core Business

The primary business focus of DELTA IMPORT - EXPORT MEDICAL CO LTD is Trading - Finished products.

Key product include :

Drugs

Supplementary Business

In addition to the core business, DELTA IMPORT - EXPORT MEDICAL CO LTD also is engaged in the following areas of business:

Importing

Importing - Finished products

BANK DETAILS

Bank Name	:	HSBC BANK (VIETNAM) LTD
Global Identifier	:	32403760
Branch	:	District 1,Ho Chi Minh
Branch Address	:	HSBC BANK (VIETNAM) LTD - HANOI
SWIFT Code	:	HSBCVNVX

OFFICE & FACILITIES

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

Name	:	DELTA IMPORT - EXPORT MEDICAL CO LTD - TU SON DIST, BAC NINH
Primary Use	:	Office & Administration facilities
Address	:	175 Tan Lap St Dinh Bang Ward, Tu Son Dist, Bac Ninh
Country	:	Vietnam
Status	:	Operational

NOTES & COMMENTS

N/A

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.65.55
UK Pound	1	Rs.99.17
Euro	1	Rs.73.08

INFORMATION DETAILS

Analysis Done by :	KAS
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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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.