MIRA INFORM REPORT

Report No. :	490410
Report Date :	14.02.2018

IDENTIFICATION DETAILS

Name :	HOANG CAU TRADING JSC (1)
Registered Office :	Km 2 Dinh Vu Island Rd Dong Hai 2 Ward, Hai An Dist, Haiphong
Country :	Vietnam
Date of Incorporation :	23.10.2000
Com. Reg. No.:	0200406582
Legal Form :	Joint Stock Company
Line of Business :	Other transportation support activities.
No. of Employees :	25

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

A

Credit Rating	Explanation	Rating Comments
A	Acceptable Risk	Business dealings permissible with moderate risk of default

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

Country Name	Previous Rating (30.06.2017)	Current Rating (30.09.2017)
Vietnam	A2	A2

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
Very High Risk	D

VIETNAM - ECONOMIC OVERVIEW

Vietnam is a densely populated developing country that has been transitioning since 1986 from the rigidities of a centrally planned, highly agrarian economy to a more industrial and market based economy, and it has raised incomes substantially. In 2016 and 2017, Vietnam missed its yearly growth target of 6.7% due to environmental issues – drought and salinization - impacting the agricultural sector, and low oil prices affecting the extractive sector. However, annual GDP growth reached 6.3%, reflecting strengthening domestic demand and strong manufacturing exports.

Vietnam has a young population, stable political system, commitment to sustainable growth, relatively low inflation, stable currency, strong FDI inflows, and strong manufacturing sector. In addition, the country is committed to continuing its global economic integration. Vietnam joined the WTO in January 2007 and concluded several free trade agreements in 2015-16, including the EU-Vietnam Free Trade Agreement, the Korean Free Trade Agreement, and the Eurasian Economic Union Free Trade Agreement. In 2017, Vietnam successfully chaired the Asia-Pacific Economic Cooperation (APEC) Conference with its key priorities including inclusive growth, innovation, strengthening small and medium enterprises, food security and climate change. Seeking to diversify its opportunities, Vietnam also continued to pursue other multilateral relationships, including the Comprehensive and Progressive Agreement for the Transpacific Partnership and the Regional Comprehensive Economic Partnership.

To continue its trajectory of strong economic growth, the government acknowledges the need to spark a second wave’ of reforms, including reforming state-owned-enterprises, reducing red tape, increasing business sector transparency, reducing the level of non-performing loans in the banking sector, and increasing financial sector transparency. Vietnam’s public debt to GDP ratio is nearing the government mandated ceiling of 65%.

In 2016, Vietnam cancelled its civilian nuclear energy development program, citing public concerns about safety and the high cost of the program; it faces growing pressure on energy infrastructure. Overall, the country’s infrastructure fails to meet the needs of an expanding middle class. Vietnam has demonstrated a commitment to sustainable growth over the last several years, but the recent slowdown in economic growth could test the government’s resolve.

Source : CIA

Company name and Summary

Business Name	HOANG CAU TRADICO
Country	VIET NAM
Company Registration Number	0200406582
Main Activity Code	5229
Main Activity Description	Other transportation support activities
Company Status	Normal (Active)
Latest Turnover Figure	-
Latest Shareholder Equity Figure	-

Basic Information

Business Name	HOANG CAU TRADICO
Registered Company Name	HOANG CAU TRADING JSC (1)
Company Registration Number	0200406582
Country	VIET NAM
VAT Registration Number	0200406582
VAT Registration Date	2000-10-23
Date of Company Registration	2004-12-02
Date of Starting Operations	2004-12-02
Commercial Court
Legal Form	Joint Stock Company
Type of Ownership
Company Status	Normal (Active)
Principal Activity Code
Principal Activity Description
Contact Telephone Number	[+84] 31-3654396; [+84] 31-3629286

Main Address

Address	Country	Telephone
Km 2 Dinh Vu Island Rd Dong Hai 2 Ward, Hai An Dist, Haiphong	VIET NAM	[+84] 31-3654396; [+84] 31-3629286

Other Address

Address	Country
Km 2 Dinh Vu Island Rd Dong Hai 2 Ward, Hai An Dist, Haiphong	VIET NAM

Previous Address

Address Country

No previous addresses for this company.

Activities

Activity Code Activity Description

5229 Other transportation support activities

Email Addresses

vantaimaitring@gmail.com

Web Pages

No web pages for this company.

Employee Information

Date Reported Number of Employees

2018 25

Banker Information

Banker Name Banker Address Phone Number

No banker information for this company.

Advisors Information

Auditor Name Solicitor Name

No advisor information for this company.

Miscellaneous Information

Fax Number	[+84] 31-3654399
Export Countries
Import Countries
Additional Business Information	Core Business. The primary business focus of HOANG CAU TRADING JSC is Specialized professional services, including: Logistics; Key service include: Freight logistics.
Additional Payment Information
Additional Financial Information	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.
Number of Employees at Address	25
Number of Employees at Group
Number of Employees at Factory

Additional Miscellaneous Information

Primary Business Activity	Service
Key Industry	Transportation
Issuing Authority	HAIPHONG ECONOMIC ZONE AUTHORITY - HaiPhong
Legal Form - Category	Joint Stock Company
Legal Form – Abbreviation	JSC
Capital	US$ 1,057,250
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.
Tax Issuing Authority	MINISTRY OF FINANCE
Local Name Used	Gia Trj Gia Tang (Value Added Tax)
Acronym	GTGT / VAT
Primary Products (Products / Materials / Services Description: Activity)	Freight logistics; Logistics; Warehouse services: Service
Reputation	Reference checking for the purpose of establishing HOANG CAU TRADING JSC's reputation within the respective industry failed to reveal any adverse information.
Nega-Scan - Adverse Data Monitoring	Dishonored Checks; Debt; Civil Litigation; Performance Defaults; Adverse Local Media Coverage / Adverse Filing History: No Record Found.
Office and Facilities	Name: HOANG CAU TRADING JSC - HAI AN DIST, HAIPHONG; Primary Use: Office & Administration facilities; Address: Km 2 Dinh Vu Island Rd Dong Hai 2 Ward, Hai An Dist, Haiphong; Country: Vietnam; Status: Operational.

Financial Information

No financial information for this company.

Current Directors

Name	Gender	Address	Date of Birth	Position
Dao Van Tran	Male	So 2/73 duong Le Lai-Phuong May Chai-Quan, Ngo Quyen Dist, Haiphong	1963-01-01	Managing Director
Thuy Thu Le	Female			Chief Accountant
Thu Minh Quach	Female		1990-01-01	Chief Accountant

Previous Directors

Name	Gender	Address	Date of Birth	Position	Resignation Date
No previous directors for this company.

Share Capital Structure

Nominal Share Capital 24.000.000.000

Issued Share Capital

Shareholders

Shareholder	Address	% Shares Held
Thuy Thi Nguyen	Vietnam	61
Quy Duc Pham	Vietnam	13
Tham Thi Vu	Vietnam	13
Tuyen Trung Hoang	Vietnam	13

Group Structure

No group structure information for this company

Negative Information

No negative information for this company

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 64.28
UK Pound	1	INR 89.02
Euro	1	INR 78.93
VND	1	INR 0.0028

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	PRA
Report Prepared by :	DNS

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
NT	No Trace	No recommendation can be done as the business is not traceable

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

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 are as follows:

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

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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.