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Report Date : |
24.04.2012 |
IDENTIFICATION DETAILS
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Name : |
A&Q GENERAL TRADING COMPANY LIMITED |
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Registered Office : |
No. 66, |
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Country : |
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Date of Incorporation : |
2010 |
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Com. Reg. No.: |
4900528181 |
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Legal Form : |
Limited liability company |
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Line of Business : |
acts as consignee and trust
import-export agent |
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No. of Employees : |
50 |
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 : |
Unknown |
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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 30, 2011
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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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A&Q GENERAL TRADING
COMPANY LIMITED |
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Vietnamese Name |
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CONG TY TNHH KINH DOANH THUONG
MAI TONG HOP A&Q |
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Short name |
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A&Q GT |
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Type of Business |
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Limited liability company |
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Year Established |
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2010 |
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Business Registration No. |
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4900528181 |
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Date of Registration |
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26 Apr 2010 |
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Place of Registration |
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Planning and Investment
Department of |
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Current registered capital |
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VND 3,000,000,000 |
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Status |
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Unlisted |
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Tax code |
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4900528181 |
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Total Employees |
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50 |
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Size |
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Small |
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ADDRESSES
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Head
Office |
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Address |
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No. 66, |
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Telephone |
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(84-25) 3870 381 |
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Fax |
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(84-25) 3870 381 |
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Note: The given subject’s
address is incorrect. The correct one is as above. |
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Transaction
office in Ha Noi |
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Address |
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Rm. D2, 6th Fl, No. 713, Lac
Long Quan street , Tay Ho District, Ha Noi City, Vietnam |
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Transaction
office in Hai Phong |
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Address |
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DIRECTORS
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1. NAME |
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Mr. NGUYEN ANH QUAN |
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Position |
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Director |
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Date of Birth |
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21 May 1959 |
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ID Number/Passport |
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080680375
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ID Issue Date |
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04 Mar
1999 |
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Police
Station of Lang Son |
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Resident |
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No. 66,
Ngan Son Street, Group 5, Vinh Trai ward , Lang Son City, Lang Son Province,
Vietnam |
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Nationality |
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Tel/Mobil phone |
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(84-25) 3870381 |
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2. NAME |
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Mr. NGUYEN DUY HUNG |
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Position |
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Deputy Director |
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ID Number/Passport |
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081037682
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Resident |
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Cement
factory Collective, Mai Pha Commune, Lang Son City, Lang Son Province,
Vietnam |
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Nationality |
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Tel/Mobil phone |
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+84 984422888 |
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BUSINESS NATURE AND ACTIVITIES
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The subject acts as consignee and trust import-export agent. Therefore,
products are various including frozen food, dried food, cereal, agricultural
products, fruits, vegetables, salmon, etc. |
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IMPORT & EXPORT ACTIVITIES
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IMPORT:
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·
Types of products |
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Agricultural products, frozen food, fruits |
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Market |
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EXPORT:
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Types of products |
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Fruits, onion, garlic, frozen food |
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·
Market |
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BANKERS
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1. VIET NAM JOINT STOCK COMMERCIAL BANK FOR INDUSTRY AND TRADE
LANG SON BRANCH |
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Address |
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No.51 Le Loi str, |
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Telephone |
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(84-25) 3876689 |
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2. |
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Address |
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No.54 Tran Dang Ninh, Hoang Van Thu ward, |
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Telephone |
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(84-25) 3713968 |
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Fax |
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(84-25) 3713966 |
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3. |
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Address |
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348 Pho |
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4. VIET NAM BANK FOR AGRICULTURE AND RURAL DEVELOPMENT BAC SON
BRANCH |
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Address |
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Luong Van Chi Zone Bac Son Town, Bac Son District, |
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SHAREHOLDERS
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1. NAME |
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Mr. NGUYEN ANH QUAN |
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Position |
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Director |
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Date of Birth |
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21 May 1959 |
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ID Number/Passport |
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080680375 |
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Issued on |
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04 Mar 1999 |
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Issued Place |
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Police Station of Lang Son |
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Resident |
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No. 66, |
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Home phone |
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(84-25) 3870381 |
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Nationality |
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Value of shares |
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VND 2,700,000,000 |
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Percentage |
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90% |
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2. NAME |
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Mr. NGUYEN DUY HUNG |
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Position |
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Deputy Director |
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ID Number/Passport |
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081037682 |
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Resident |
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Cement factory Collective, Mai
Pha Commune , |
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Mobile phone |
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+84 984422888 |
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Nationality |
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Value of shares |
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VND 300,000,000 |
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Percentage |
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10% |
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FINANCIAL DATA
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N/A |
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PAYMENT HISTORY & PERFORMANCE EXPERIENCES
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Trade Morality |
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Fair |
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Liquidity |
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N/A |
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Payment status |
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N/A |
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Financial Situation |
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Below Average |
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Development trend |
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Developing |
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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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Through its bank, T/T, L/C |
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Wholesale |
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Public opinion |
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Good |
INTERPRETATION ON THE SCORES
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A&Q GENERAL TRADING COMPANY LIMITED
was establish as a limited company under business registration No. 4900528181
granted by Planning and Investment Department of Lang Son Province on 26th
April 2010. The subject registered to operate with VND 3 billion. It is under
management of Mr. NGUYEN ANH QUAN, who is also a major shareholder of the
subject. This is a family business, management board are family members. Head office as well as registration
address locates at No. 66, The subject specializes in
import-export and trading Agricultural products, frozen food, fruit. Currently its mainly import
fruits from China, frozen seafood from Norway and Australia,
cereal from India then wholesale to domestic market. Besides, it re-exports
imported frozen seafood to The latest financial data is not
available in our source. It was shared by accountant of the subject that
total revenue in 2010 was several tens of billions VND. In general, the subject is operating
normally. Located near two big border gates of |
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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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2011 |
2010 |
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Agriculture,
Forestry and Fishing |
4.00 |
2.78 |
8,749 |
23,896.3 |
81,559 |
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Industry
and Construction |
5.53 |
7.70 |
85,115 |
10,630 |
2,751,975 |
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Trade
and Services |
6.69 |
7.52 |
154,978 |
14,522 |
4,939,069 |
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ECONOMIC
INDICATORS |
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2011 |
2010 |
2009 |
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Population (Million person) |
87.84 |
86.93 |
86.02 |
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Gross Domestic Products (USD
billion) |
119 |
102.2 |
91 |
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GDP Growth (%) |
5.89 |
6.78 |
5.32 |
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GDP Per Capita
(USD/person/year) |
1,300 |
1,160 |
1,080 |
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Inflation (% Change in
Composite CPI) |
18.58 |
11.75 |
6.88 |
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State Budget Deficit compared
with GDP (%) |
4.9 |
5.8 |
6.9 |
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SERVICE
TRADE PERFORMANCE |
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Billion USD |
2011 |
2010 |
2009 |
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Exports |
96.3 |
72.2 |
57.1 |
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Imports |
105.8 |
84.8 |
69.9 |
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Trade Balance |
-9.5 |
-12.6 |
-12.8 |
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Source:
General Statistics Office
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.52.23 |
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1 |
Rs.84.16 |
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Euro |
1 |
Rs.68.84 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<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.