MIRA INFORM REPORT

Report No. :	344252
Report Date :	15.10.2015

IDENTIFICATION DETAILS

Name :	ORIENT DRAGON NGHE AN JSC
Registered Office :	Block 5 Thanh Duc Commune, Thanh Chuong Dist, Nghe An
Country :	Vietnam
Date of Incorporation :	29.03.2011
Legal Form :	Joint Stock Company
Line of Business :	Manufacturer of Beverages.
No. of Employee :	120

RATING & COMMENTS

MIRA’s Rating :

B

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	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 WorldTRADE 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 managedCURRENCY, 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 publicINVESTMENT, 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	:	ORIENT DRAGON NGHE AN JSC
Name in Local Language	:	CÔNG TY CỔ PHẦN RỒNG PHƯƠNG ĐÔNG NGHỆ AN
Address	:	Block 5 Thanh Duc Commune, Thanh Chuong Dist, Nghe An
Country	:	Vietnam
Phone (S)	:	[+84] 38-3936168
Facsimile	:	[+84] 38-3936468
Email	:	info@orientdragonjsc.com
Website	:	http://www.orientdragonjsc.com
Primary Business Activity	:	Manufacturer
Key Industry	:	Beverages

Key Facts
Registered Legal Address	:	Block 5 Thanh Duc Commune, Thanh Chuong Dist, Nghe An
Operational Address	:	Block 5 Thanh Duc Commune, Thanh Chuong Dist, Nghe An
Trading Name / DBA	:	ORIENT DRAGON NA
Issuing Authority	:	Dept. of Planning & Investment - Nghe An
License Number	:	2901367889
Legal Form - Category	:	Joint Stock Company
Legal Form	:	Joint Stock Company
Legal Form – Abbreviation	:	JSC
Operational Status of Business	:	Normal
Date of Registration	:	29 Mar, 2011
Employees	:	120
Capital	:	US$ 369,491

DIRECTORS/MANAGEMENT

KEY PERSON

Legal Title	:	Chairman
Name	:	Mr. Son Van Le
Local Name	:	Lêơn Văn Lê
Nationality	:	Vietnamese

COMPANY MANAGEMENT

Management Listings

	Name	Nationality	Job Description	Dept. / Division
1	Mr. Vinh Thai Dang	Vietnamese	Managing Director	-
2	Ms. Nhan Thanh Ngo	Vietnamese	Chief Accountant	-

Management Details - 1

Personal Unique Identifier	:	MI03473183
Name	:	Mr. Vinh Thai Dang
Name in local language	:	Vinh Thái Đặng
Date of Birth	:	1976

Management Details - 2

Personal Unique Identifier	:	MI03473193
Name	:	Ms. Nhan Thanh Ngo
Name in local language	:	Nhàn Thanh Ngô
Date of Birth	:	1979

COMPANY DIRECTORS

1
Personal Unique Identifier	:	MI03913137
Name	:	Mr. Son Van Le
Name in local language	:	Lêơn Văn Lê
Date of Birth	:	1980
2
Personal Unique Identifier	:	MI03473183
Name	:	Mr. Vinh Thai Dang
Name in local language	:	Vinh Thái Đặng
Date of Birth	:	1976

NEGATIVE INFORMATION

REPUTATION

Reference checking for the purpose of establishing ORIENT DRAGON NGHE AN 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

:

₫ 8,200,000,000

SHAREHOLDERS

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

No.	Shareholders	Country	Shares
			Number	Amount	%
1	Mr. Ly Van Le	Vietnam	n/a	n/a	n/a
2	Mr. Quoc Dinh Hoang	Vietnam	n/a	n/a	n/a
3	Mr. Vinh Thai Dang	Vietnam	n/a	n/a	n/a
4	ORIENT DRAGON JSC	Vietnam	n/a	n/a	n/a
Total			n/a	n/a	n/a

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	40%
International Sales (Export)	60%
Annual Purchases Analysis	Percentage
Local Purchases	10%
Imports	90%

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

LOCAL BRANCHES & MANAGEMENT

Branch	:	ORIENT DRAGON NGHE AN JSC - THANH XUAN, HANOI
Branch Address	:	Rm 312 N6 E Bldg Trung Hoa Nhan Chinh, Thanh Xuan, Hanoi

FINANCIAL INFORMATION

FINANCIAL STATEMENT - DETAILED

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. Therefore no financials are available for this entity.

FOREIGN EXCHANGE RATES

N/a

ADDITIONAL INFORMATION

Report Details
Country	:	Vietnam
Business Entity Name	:	ORIENT DRAGON NGHE AN JSC
Primary Business Activity	:	Manufacturer
Primary Industry	:	Beverages
Office Contact Details
Operating Address	:	Block 5 Thanh Duc Commune, Thanh Chuong Dist, Nghe An
Tel	:	[+84] 38-3936168
Fax	:	[+84] 38-3936468
Email	:	info@orientdragonjsc.com
Website Details
Website	:	http://www.orientdragonjsc.com
Status	:	Registered but not operational

SIC PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description	Code	Activity
Malt beverages	2082	Manufacturing, Exporting

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description	Code	Activity
Black tea (fermented) and other partly fermented tea	0902400000	Manufacturing, Exporting
Green tea (not fermented) nesoi	0902200000	Manufacturing, Exporting
Tea	0902	Manufacturing, Exporting

CORE BUSINESS DESCRIPTION

Core Business

The primary business focus of ORIENT DRAGON NGHE AN JSC is Manufacturing - Finished products.

Key products include :

Green tea

Black tea

Tea

An integral part of the core business includes:

Distribution

Supplementary Business

In addition to the core business, ORIENT DRAGON NGHE AN JSC also is engaged in the following areas of business:

Exporting

Exporting - Finished products

Importing

Importing - Raw materials

BANK DETAILS

Bank Name	:	VIETNAM TECHNOLOGICAL & COMMERCIAL JOINT STOCK BANK
Global Identifier	:	32408999
Branch	:	Hoan Kiem Dist,Hanoi
Branch Address	:	VIETNAM TECHNOLOGICAL
SWIFT Code	:	VTCBVNVX

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

OFFICE & FACILITIES

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

Name	:	ORIENT DRAGON NGHE AN JSC - THANH CHUONG DIST, NGHE AN
Primary Use	:	Office & Administration facilities
Address	:	Block 5 Thanh Duc Commune, Thanh Chuong Dist, Nghe An
Country	:	Vietnam
Status	:	Operational

APPROVED SIGNATURES

The Company Director/s listed below maintain the legal right to sign on behalf of the company:

Name

Mr. Son Van Le

PREVIOUS CONTACT DETAILS

Telephone Number

:

84-4-5568740

NOTES & COMMENTS

N/a

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.65.11
UK Pound	1	Rs.99.50
Euro	1	Rs.74.24

INFORMATION DETAILS

Analysis Done by :	KAS
Report Prepared by :	ANK

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.