MIRA INFORM REPORT

Report No. :	496139
Report Date :	19.03.2018

IDENTIFICATION DETAILS

Name :	REPRESENTATIVE OFFICE OF ANDIRA VIETNAM BV IN HO CHI MINH CITY (NETHERLAND)
Registered Office :	2Fl, 25/68 Nguyen Binh Khiem Ben Nghe Ward, District 1, Ho Chi Minh
Country :	Vietnam
Date of Incorporation :	12.06.2007
Com. Reg. No.:	41-001385
Legal Form :	Branch Office of Overseas Company
Line of Business :	Manufacture of Fasteners and Screw Machine Products
No. of Employees :	3 [2018]

RATING & COMMENTS

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

MIRA’s Rating :

C

Credit Rating	Explanation	Rating Comments
C	Medium High Risk	Business dealings permissible preferably on secured basis

Status :	Branch Office of Overseas Company
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

Country Name	Previous Rating (30.09.2017)	Current Rating (31.12.2017)
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 Summary
Business Name	REPRESENTATIVE OFFICE OF ANDIRA VIETNAM BV IN HO CHI MINH CITY (NETHERLAND)
Country	VIET NAM
Company Registration Number	41-001385
Main Activity Code	2594
Main Activity Description	Manufacture of fasteners and screw machine products
Company Status	Normal (Active)
Latest Turnover Figure	-
Latest Shareholder Equity Figure	-

Basic Information
Business Name	REPRESENTATIVE OFFICE OF ANDIRA VIETNAM BV IN HO CHI MINH CITY (NETHERLAND)
Registered Company Name	REPRESENTATIVE OFFICE OF ANDIRA VIETNAM BV IN HO CHI MINH CITY (NETHERLAND)
Company Registration Number	41-001385
Country	VIET NAM
VAT Registration Number	0306611567
VAT Registration Date
Date of Company Registration	2007-06-12
Date of Starting Operations	2007-06-12
Commercial Court
Legal Form	Branch Office of Overseas Company
Type of Ownership
Company Status	Normal (Active)
Principal Activity Code
Principal Activity Description
Contact Telephone Number	[+84] 28-39151770

Main Address
Address	Country	Telephone
2Fl, 25/68 Nguyen Binh Khiem Ben Nghe Ward, District 1, Ho Chi Minh	VIET NAM	[+84] 28-39151770

Other Address

No other addresses for this company.

Previous Address

No previous addresses for this company.

Activities

Activity Code Activity Description

2594 Manufacture of fasteners and screw machine products

Email Addresses

andiravn@andiravn.com

Web Pages

No web pages for this company.

Employee Information

Date Reported Number of Employees

2018 3

Banker Information

No banker information for this company.

Advisors Information

No advisor information for this company.

Miscellaneous Information
Fax Number	[+84] 28-39151772
Export Countries
Import Countries
Additional Business Information	Core Business The primary business focus of REPRESENTATIVE OFFICE OF ANDIRA VIETNAM BV IN HO CHI MINH CITY (NETHERLAND) is Trading - Finished products. Key products include : Agricultural products, Cashew nuts
Additional Rating Information	Average Credit Quality: Credit can proceed ONLY on strict financing terms. Revision of Credit Limit : Periodic /quarterly. Risk Index : Medium.
Additional Payment Information	Selling Type Terms Local Cash on delivery (COD) Credit - Unsecured 30~60 days Purchasing Type Terms Local Credit - Unsecured 30~60 days Cash on delivery (COD)
Additional Financial Information	Based on the corporate laws of Vietnam, legal entities which are a Branch Office of Overseas 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	3
Number of Employees at Group
Number of Employees at Factory

Additional Miscellaneous Information
Primary Business Activity	Trader
Key Industry	Agricultural Products
Issuing Authority	DEPARTMENT OF INDUSTRY AND TRADE - Ho Chi Minh
Note	(1) Not applicable.According to the corporate statutory laws for this type of Legal Form - Category (Branch Office of Overseas Company) in Vietnam, there is no requirement for Authorized Capital.
Tax Issuing Authority	MINISTRY OF FINANCE
Domestic Sales & Purchases(Annual Sales Analysis, Percentage)	Domestic Sales 100%. Local Purchases 100%.
Reputation	Reference checking for the purpose of establishing REPRESENTATIVE OFFICE OF ANDIRA VIETNAM BV IN HO CHI MINH CITY (NETHERLAND)'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.
Company Directors	Not applicable - According to the corporate statutory laws for this type of Legal Form - Category (Branch Office of Overseas Company) in Vietnam, there is no requirement for Directors.
Primary Products (Products / Materials / Services Description: Activity)	Agricultural products: Trading, Cashew nuts: Trading.

Financial Information

No financial information for this company.

Current Directors
Name	Gender	Position
Ha Thi Thu Nguyen	Male	Chief Representative

Previous Directors

No previous directors for this company.

Share Capital Structure

Nominal Share Capital

Issued Share Capital

Shareholders
Shareholder	Address	% Shares Held
ANDIRA VIETNAM BV	Netherlands	100

Ultimate Holding Parent

No Ultimate Holding Parent for this company.

Immediate Holding Parent
Name	Status	Address
ANDIRA VIETNAM BV	Active	Zeelt 88 Alblasserdam 2954BJ

Subsidaries

No subsidaries for this company.

Affiliates

No affiliates for this company.

Negative Information

No negative information for this company

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 64.87
UK Pound	1	INR 90.49
Euro	1	INR 79.91
VND	1	INR 0.0029

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

INFORMATION DETAILS

Analysis Done by :	NIY
Report Prepared by :	TPT

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)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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