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Report Date : |
01.08.2012 |
IDENTIFICATION DETAILS
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Name : |
VIETNAM QUARTZ JOINT STOCK COMPANY |
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Registered Office : |
Lot B10 Thuy Van Industrial Park, Viet Tri City, Phu Tho
Province, Vietnam |
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Country : |
Viet Nam |
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Date of Incorporation : |
2010 |
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Com. Reg. No.: |
2600656735 |
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Legal Form : |
Joint stock company |
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Line of Business : |
Manufacturing and supplying of
quartz powders and engineered quartz surfaces. |
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No. of Employees : |
80 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 : |
Slow |
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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Viet Nam |
B1 |
B1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
|
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 |
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English Name |
|
VIETNAM QUARTZ JOINT STOCK
COMPANY |
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Vietnamese Name |
|
CONG TY CO PHAN QUARTZ VIET
NAM |
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Trade name |
|
VIETNAM QUARTZ JSC |
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Short name |
|
QUARTZ.,JSC |
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Type of Business |
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Joint stock company |
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Year Established |
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2010 |
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Business Registration No. |
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2600656735 |
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Date of Registration |
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04 Jan 2010 |
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Place of Registration |
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Phu Tho Department of Planning
and Investment |
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Chartered capital |
|
VND 15,000,000,000 |
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Status |
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Unlisted |
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Tax code |
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2600656735 |
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Total Employees |
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80 |
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ADDRESSES
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Head
Office |
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Address |
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Lot B10 Thuy Van Industrial
Park, Viet Tri City, Phu Tho Province, Vietnam |
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Telephone |
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(84-210) 3736666 |
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Fax |
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(84-210) 3736668 |
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Note |
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The head office address of the subject is as above. The given
address is the transaction office. The given address is also is the address
of Nhat Huy Company Limited – one of founding shareholders of the subject. |
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Transaction
office in Ha Noi |
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Address |
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8th Floor, CDS Building No.
33, Alley 61, Lac Trung Street, Hai Ba Trung District, Ha Noi City, Vietnam |
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Telephone |
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(84-4) 36367500 |
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Fax |
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(84-4) 36367456 |
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DIRECTORS
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1. NAME |
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Mr. VU HOANG NAM |
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Position |
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Director |
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ID Number/Passport |
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131219468
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Nationality |
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Vietnamese |
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BUSINESS NATURE AND ACTIVITIES
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The subject specializes in manufacturing and supplying of quartz powders
and engineered quartz surfaces. |
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IMPORT & EXPORT ACTIVITIES |
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IMPORT:
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·
Types of products |
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Materials for production |
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·
Market |
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India |
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IMPORT:
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·
Types of products |
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Quartz power and engineered quartz surfaces |
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·
Market |
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Australia, USA, European Countries |
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BANKERS
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1. BANK FOR DEVELOPMENT AND INVESTMENT OF VIETNAM PHU THO BRANCH
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Address |
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No.1167 Hung Vuong Street,Tien Cat Ward, Viet Tri City,
Phu Tho Province, Vietnam |
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Telephone |
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(84-210) 3846582 |
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SHAREHOLDERS
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1. NAME |
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NHAT HUY COMPANY LIMITED |
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Business Registration |
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0101519289 |
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Date of Registration |
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19 Aug 2004 |
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Place of Registration |
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Ha Noi Department of Planning and Investment |
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Tax code |
|
0101519289 |
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Registration Address |
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No. 169 A, Alley 189 Nguyen Ngoc
Vu Street, Cau Giay District, Ha Noi City, Vietnam |
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Head Office |
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8th Floor, CDS Building No. 33, Alley 61, Lac Trung
Street, Hai Ba Trung District, Ha Noi City, Vietnam |
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Tel |
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(84-4) 36367457 / 36367841 /
36367500 / 36364341 / 36367495 |
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Fax |
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(84-4) 36367456 |
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Email |
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info@nhathuy-naturalstone.com or
export@nhathuy-naturalstone.com |
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Website |
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www.nhathuy-naturalstone.com |
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Value of shares |
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VND 3,000,000,000 |
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2. NAME |
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MONG SON JOINT STOCK COMPANY |
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Business Registration |
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5200278146 |
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Date of Registration |
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11 Jun 2011 |
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Place of Registration |
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Yen Bai Planning and Investment Department |
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Registered Capital |
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VND 38,000,000,000 |
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Tax code |
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5200278146 |
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Address |
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Group 18 Yen Binh Town, Yen Binh
District, Yen Bai Province, Vietnam |
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Tel |
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(84-29) 3885647 |
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Fax |
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(84-29) 3885647 |
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Email |
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mongson@gmail.com |
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Value of shares |
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VND 2,250,000,000 |
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3. NAME |
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HUU NGHI PRODUCTION TRADING JOINT STOCK COMPANY |
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Business Registration |
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2600328621 |
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Date of Registration |
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11 May 2005 |
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Tax code |
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2600328621 |
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Address |
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Road 20-7 6B Area, Viet Tri
City, Phu Tho Province, Vietnam |
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Value of shares |
|
VND 3,750,000,000 |
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||
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4. NAME |
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Ms. NGUYEN NGOC HONG |
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Nationality |
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Vietnamese |
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Value of shares |
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VND 3,000,000,000 |
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||
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5. NAME |
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Ms. NGUYEN THU GIANG |
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Nationality |
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Vietnamese |
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Value of shares |
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VND 3,000,000,000 |
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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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Normal |
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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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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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TT, LC |
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Sale Methods |
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Wholesaler |
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Public opinion |
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Normal |
INTERPRETATION ON THE SCORES
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|
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The subject was established in 2010 in Phu Tho
Province by three companies and two Vietnamese individuals. Its head office
and factory are located at Lot B10, Thuy Van Industrial Park, Viet Tri City,
Phu Tho Province. It has a representative office at 8th Floor, CDS Building,
No. 33, Alley 61, Lac Trung Street, Hai Ba Trung District, Ha Noi
City where also is the head office of Nhat Huy Company Limited - One of
founding shareholders of the subject. The subject now has about 80 employees
in total. The subject specializes in manufacturing and
supplying quartz power and engineered quartz surfaces with the brand name
VinaQuartz. The annual production capacity of its factory is about 200,000
meter squares. According to the subject, its products are mainly exported
Australia, USA, and European Countries. The company's financial situation is considered
average. It can meet small financial commitments. |
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INDUSTRY
DATA |
||||||
|
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) |
||
|
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 |
|||
|
Trade Balance |
-9.5 |
-12.6 |
-12.8 |
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Source:
General Statistics Office
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.80 |
|
|
1 |
Rs.87.66 |
|
Euro |
1 |
Rs.68.45 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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 |
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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 |
|
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 |
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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 |
|
<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.