MIRA INFORM REPORT
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Report Date : |
07.12.2011 |
IDENTIFICATION DETAILS
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Name : |
HOA LAM PHARMACEUTICAL COMPANY LIMITED |
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Registered Office : |
05th Floor, Hoa
Lam building, No.2 Thi Sach Street- Ben Nghe Ward, 1st District,
Ho Chi Minh City |
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Country : |
Vietnam |
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Date of Incorporation : |
25.02.2009 |
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Com. Reg. No.: |
0307290757 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesale of pharmaceutical products and medical equipment |
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No. of Employees
: |
10 Persons |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment
Behaviour : |
No Complaints |
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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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Vietnam |
b1 |
b1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
SUBJECT
IDENTIFICATION & LEGAL FORM
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English Name |
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HOA LAM PHARMACEUTICAL COMPANY LIMITED |
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Vietnamese Name |
|
CONG TY TNHH DUOC PHAM HOA LAM |
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Trade name |
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HOA LAM PHARMACEUTICAL COMPANY LIMITED |
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Short name |
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HOA LAM PHARMACY CO., LTD |
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Type of Business |
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Limited liability company |
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Year Established |
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2009 |
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Business Registration No. |
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0307290757 |
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Date of Registration |
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25 Feb 2009 |
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Place of Registration |
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Business Registration Office- Planning and
Investment Department of Ho Chi Minh City |
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Current registered capital |
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VND 5,000,000,000 |
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Tax code |
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0307290757 |
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Total Employees |
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10 |
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Note:
The given name (HOA LAM PHARMACEUTICALS COMPANY LIMITED) is not correct. |
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company
ADDRESSES
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Head Office |
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Address |
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05th Floor, Hoa Lam building,
No.2 Thi Sach Street- Ben Nghe Ward, 1st District, Ho Chi Minh
City, Vietnam |
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Telephone |
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(84-8) 38221745 |
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Fax |
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(84-8) 38221729 |
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Warehouse |
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Address |
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932 Nguyen Thi Dinh Street- Thanh My Loi
Ward, 2nd District, Ho Chi Minh City, Vietnam |
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Store |
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Address |
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201 Nguyen Thi Minh Khai street- Nguyen Cu
Trinh Ward, 1st District, Ho Chi Minh City, Vietnam |
DIRECTORS
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1.
NAME |
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Mr.
DUONG NHAT NGUYEN |
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Position |
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Chairman |
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Date of Birth |
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21 Oct 1983 |
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ID Number/Passport |
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023662519 |
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ID Issue Date |
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12 Jan 2007 |
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ID Issue Place |
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Police Station of Ho
Chi minh City |
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Resident |
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598B Nguyen Dinh
Chieu street- Ward 3, 3rd District, Ho Chi Minh City, Vietnam |
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Current resident |
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284/25/19 Ly Thuong Kiet street- ward 14,
10th District, Ho Chi Minh City, Vietnam |
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Nationality |
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Vietnamese |
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2.
NAME |
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Mr.
VO VAN TIEN |
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Position |
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In charge of Import- Export Department |
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Resident |
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Ho Chi Minh City,
Vietnam |
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Nationality |
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Vietnamese |
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Cell phone |
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+84 942 824 791 |
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3.
NAME |
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Ms.
QUANG NGOC MAI |
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Position |
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Pharmacist/ warehouse |
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Resident |
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Ho Chi Minh City,
Vietnam |
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Nationality |
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Vietnamese |
BUSINESS
NATURE AND ACTIVITIES
Wholesale of pharmaceutical products and medical equipment
IMPORT
& EXPORT ACTIVITIES
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IMPORT: |
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·
Types of products |
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pharmaceutical products and medical equipment |
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·
Market |
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Singapore, China, Korea, India… |
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EXPORT: |
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Note:
Currently, the subject does not export |
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BANKERS
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VIETNAM
THUONGTIN COMMERCIAL JOINT STOCK BANK HO CHI MINH BRANCH (VIETBANK) |
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Address |
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No.2 Thi Sach Street, Ben Nghe Ward, 1st District, Ho Chi
Minh City, Vietnam |
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Telephone |
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(84-8) 362909413 |
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Fax |
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(84-8) 362909412 |
SHAREHOLDERS
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1.
NAME |
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HOA
LAM INVESTMENT DEVELOPMENT CORPORATION |
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Business Registration |
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0301891896 |
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Date of Registration |
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29 Sep 2010 |
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Place of Registration |
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Planning And Investment Department Of Ho Chi Minh City |
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Registered Capital |
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500,000,000,000 VND |
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Tax code |
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0301891896 |
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Address |
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Hoa Lam Building, 02 Thi Sach Street - Ben
Nghe Ward, 1st District, Ho Chi Minh City, Vietnam |
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Tel |
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(84-8) 3822 1745 - 3829 7261 - 3824 6357 |
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Fax |
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(84-8) 3822 1729 - 3822 1448 |
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Value of shares |
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1,000,000,000 VND |
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Percentage |
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20% |
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2.
NAME |
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Mr.
DUONG NHAT NGUYEN |
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Position |
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Chairman |
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Date of Birth |
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21 Oct 1983 |
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ID Number/Passport |
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023662519 |
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Issued on |
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12 Jan 2007 |
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Issued Place |
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Police Station of Ho Chi minh City |
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Resident |
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598B Nguyen Dinh Chieu street- Ward 3, 3rd
District, Ho Chi Minh City, Vietnam |
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Current Resident |
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284/25/19 Ly Thuong Kiet street- ward 14,
10th District, Ho Chi Minh City, Vietnam |
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Nationality |
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Vietnamese |
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Value of shares |
|
2,000,000,000 VND |
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Percentage |
|
40% |
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Note: Mr. Nguyen is one of Mrs. Lam’s sons |
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3.
NAME |
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Mrs.
TRAN THI LAM |
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Date of Birth |
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20 Oct 1959 |
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ID Number/Passport |
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023169769 |
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Issued on |
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20 Feb 2010 |
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Issued Place |
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Police Station Of Ho Chi Minh City |
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Resident |
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598B Nguyen Dinh Chieu Street - Ward 3, 3rd
District, Ho Chi Minh City, Vietnam |
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Nationality |
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Vietnamese |
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Value of shares |
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2,000,000,000 VND |
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Percentage |
|
20% |
FINANCIAL
DATA
N/A
PAYMENT HISTORY & PERFORMANCE EXPERIENCES
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Trade Morality |
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Normal |
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Liquidity |
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N/A |
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Payment status |
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Normal |
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Financial Situation |
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N/A |
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Development trend |
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N/A |
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Litigation data |
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No Record |
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Bankruptcy |
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No Record |
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Payment Methods |
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By cash or through the bank |
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Sale Methods |
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To contracts, wholesaler. retailer |
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Public opinion |
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Normal |
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CREDIT INQUIRY: N/A |
INTERPRETATION
ON THE SCORES
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The
subject- Hoa Lam Pharmaceutical Company Limited was established in 2009. It
focuses on importing and trading pharmaceutical products and medial
equipment. Premises
and facilities of the subject are normal. The subject locates at the same
places with other companies which are owned by Mr. Duong Ngoc Hoa, Mrs. Tran
Thi Lam and by their family. Management capacity of the subject is
acceptable. The subject is a new established enterprise so its
competitiveness is still being stabilized. Establishment of the subject seems
to be on the main purpose of goods
importing and supplying with other companies in its group. It is remarkably
curious that its owners has invested in ASIAN Liver Center
(ASIAN Liver Center is run directly by Asian Liver
Centre Company Limited- a joint venture with ACLDT Singapore) and development
on International Hi-Tech Healthcare Park in Ho Chi Minh City (International
Hi-Tech Healthcare Park in Ho Chi Minh City is undertaken by Hoa
Lam-Shangri-La Healthcare Limited Liability Company. Hoa Lam-Shangri-La
Healthcare Limited Liability Company is a joint venture with Shangri-La
Healthcare Investment Pte. Ltd). Its owners have invested and established the
Hoa Lam group of companies ranging from manufacturing to financial services.
Some of their other companies are
Vietbank, Hoa Lam Consultancy Investment Company Limited, Hoa Phat
Trading Service Investment Construction Company Limited, Sci-Novaland
Investment Company Limited, Cho Dui Trading Service Company Limited, Viet
Vmicro Led Electronics Company Limited, An Khang Investment And Commercial
Joint Stock Company, Indochine Thuong Tin Development and Investment Joint
Stock Company, Nharong Investment and Commercial Joint Stock Company, Mai Anh Production & Trade Co., Ltd….. Overview
of Vietnam pharmaceutical industry: Vietnam pharmaceutical industry worths
approximately US$1.54 billion, accounted for 1.47% of the national GDP
Medicine is one of the necessities with demand always on the rise (averagely
20% per year). The average spend on medicine in 2009 was US$19.77, 20% more
than 2008 (US$16.45) and 3 times the figure of 2001 (US$6). The increase of
demand is fundamental for boosting up import and production. The value of
domestic production in 2010 was about US$1.2 billion and accounted for 50% of
domestic consumption market. Competition becomes fiercer within the industry.
Until 2010, Vietnam has had around 200 pharmaceutical manufacturing firms
(state-owned enterprises, joint stock companies and private pharmaceutical
firms) but most are still in small scale (capital, factories and storages).
Most manufacturers produce generic medicine and distribute in same markets
(such as Ho Chi Minh City and Hanoi occupy more than 50% of the total
pharmacies in the country) so the domestic market is becoming increasingly
competitive. Three years since Vietnam joined the WTO in 2007, competition
with foreign enterprises has gotten much stronger. The number of foreign pharmaceutical
firms who registered in Vietnam grew from 300 to nearly 500 firms in 2010. In
general, the subject’s business status is normal in comparison with others
companies in the same field. The subject is reliable for all the small
business transactions. |
APPENDIX
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INDUSTRY DATA |
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Industry code |
Growth speed by
price compared with 1994 (%) |
Total
enterprises 2009 |
Total employees
2010 (Thous.pers.) |
Annual average
capital of enterprises 2009 (billion dongs) |
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|
2010 |
2009 |
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Agriculture,
Forestry and Fishing |
2.78 |
1.82 |
8,749 |
23,896.3 |
81,559 |
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Industry and
Construction |
7.70 |
5.52 |
85,115 |
10,630 |
2,751,975 |
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Trade and
Services |
7.52 |
6.63 |
154,978 |
14,522 |
4,939,069 |
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ECONOMIC
INDICATORS |
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2010 |
2009 |
2008 |
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Population (Million person) |
86.93 |
86.02 |
86.1 |
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Gross Domestic Products (US$ billion) |
102.2 |
91 |
84.9 |
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GDP Growth (%) |
6.78 |
5.32 |
6.2 |
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GDP Per Capita (US$) |
1,160 |
1,080 |
1,040 |
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Inflation (% Change in Composite CPI) |
11.75 |
6.88 |
24.4 |
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SERVICE TRADE
PERFORMANCE |
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Billion USD |
2010 |
2009 |
2008 |
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Exports |
72.2 |
57.1 |
62.7 |
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Imports |
84.8 |
69.9 |
80.7 |
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Trade Balance |
-12.6 |
-12.8 |
-18 |
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Source: General
Statistics Office
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.39 |
|
UK Pound |
1 |
Rs.80.20 |
|
Euro |
1 |
Rs.68.92 |
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 |
|
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.