|
Report Date : |
13.12.2012 |
IDENTIFICATION DETAILS
|
Correct Name : |
HUONG GIANG TELECOMMUNICATION DEVELOPMENT
COMPANY LIMITED |
|
|
|
|
Registered Office : |
No. 7 - Lane 90 - Hoa Bang Street - Yen Hoa
Ward , Cau Giay District, Ha Noi City |
|
|
|
|
Country : |
Vietnam |
|
|
|
|
Date of Incorporation : |
07.06.2006 |
|
|
|
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Com. Reg. No.: |
0102026767 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
subject specialized in constructing telecommunication base stations |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
Stopped Operation |
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Vietnam |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
vietnam - ECONOMIC OVERVIEW
Vietnam is a densely-populated developing country that in the last 30
years has had to recover from the ravages of war, the loss of financial support
from the old Soviet Bloc, and the rigidities of a centrally-planned economy.
While Vietnam's economy remains dominated by state-owned enterprises, which
still produce about 40% of GDP, Vietnamese authorities have reaffirmed their
commitment to economic liberalization and international integration. They have
moved to implement the structural reforms needed to modernize the economy and
to produce more competitive export-driven industries. Vietnam joined the World
Trade Organization in January 2007 following more than a decade-long
negotiation process. Vietnam became an official negotiating partner in the
developing Trans-Pacific Partnership trade agreement in 2010. Agriculture's
share of economic output has continued to shrink from about 25% in 2000 to
about 22% in 2011, while industry's share increased from 36% to 40% in the same
period. Deep poverty has declined significantly, and Vietnam is working to
create jobs to meet the challenge of a labor force that is growing by more than
one million people every year. The global recession has hurt Vietnam's
export-oriented economy, with GDP in 2009-11 growing less than the 7% per annum
average achieved during the last decade. In 2011, exports increased by more
than 33%, year-on-year, and the trade deficit, while reduced from 2010,
remained high, prompting the government to maintain administrative trade
measures to limit the trade deficit. Vietnam's managed currency, the dong,
continues to face downward pressure due to a persistent trade imbalance. Since
2008, the government devalued it in excess of 20% through a series of small
devaluations. Foreign donors pledged nearly $8 billion in new development
assistance for 2011. However, the government's strong growth-oriented economic
policies have caused it to struggle to control one of the region's highest
inflation rates, which reached as high as 23% in August 2011 and averaged 18%
for the year. In February 2011, Vietnam shifted its focus away from economic
growth to stabilizing its economy and tightened fiscal and monetary policies.
In early 2012 Vietnam unveiled a broad "three pillar" economic reform
program, proposing the restructuring of public investment, state-owned
enterprises and the banking sector. Vietnam's economy continues to face
challenges from low foreign exchange reserves, an undercapitalized banking
sector, and high borrowing costs. The near-bankruptcy and subsequent default of
the state-owned-enterprise Vinashin, a leading shipbuilder, led to a ratings
downgrade of Vietnam's sovereign debt, exacerbating Vietnam's borrowing
difficulties.
|
Source : CIA |
|
English Name |
|
HUONG GIANG TELECOMMUNICATION DEVELOPMENT COMPANY LIMITED |
|
Vietnamese Name
|
|
CONG TY TNHH
PHAT TRIEN VIEN THONG HUONG GIANG |
|
Short name |
|
HG TEDI CO., LTD |
|
Type of
Business |
|
Limited
liability company |
|
Year
Established |
|
2006 |
|
Business
Registration No. |
|
0102026767 |
|
Date of
Registration |
|
07 Jun 2006 |
|
Place of
Registration |
|
Hanoi Planning
and Investment Department |
|
Chartered
capital |
|
VND
1,500,000,000 |
|
Status |
|
Unlisted |
|
Tax code |
|
0101967932 |
|
Total Employees |
|
0 |
|
Size |
|
Small |
|
Head Office |
||
|
Address |
|
No. 7 - Lane 90
- Hoa Bang Street - Yen Hoa Ward , Cau Giay District, Ha Noi City, Vietnam |
|
Telephone |
|
(84-4) 3784
1031 |
|
1. NAME |
|
Mr. PHAM VAN
HOACH |
|
Position |
|
Director |
|
Date of Birth |
|
05 Sep 1948 |
|
ID
Number/Passport |
|
012599456 |
|
ID Issue Place |
|
Hanoi Police Station |
|
Current
resident |
|
No. 7 - Lane 90
Hoa Bang Street - Yen Hoa Ward , Cau Giay District, Ha Noi City, Vietnam |
|
Nationality |
|
Vietnamese |
The subject specialized in constructing telecommunication base stations
|
IMPORT: |
|
Note:
Currently, the subject does not import |
|
|
|
EXPORT: |
|
Note:
Currently, the subject does not export |
N/A
|
1. NAME |
|
Mr. PHAM VAN
HOACH |
|
Position |
|
Director |
|
Date of Birth |
|
05 Sep 1948 |
|
ID Number/Passport |
|
012599456 |
|
Issued Place |
|
Hanoi Police
Station |
|
Current
Resident |
|
No. 7 - Lane 90
Hoa Bang Street - Yen Hoa Ward , Cau Giay District, Ha Noi City, Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares
|
|
VND 800,000,000
|
|
Percentage |
|
53.33% |
|
|
||
|
2. NAME |
|
Mr. NGO MANH DE
|
|
ID
Number/Passport |
|
012343100 |
|
Resident |
|
No. 2 Le Quy
Don - Bach Dang Ward , Hai Ba Trung District, Ha Noi City, Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares
|
|
VND 700,000,000
|
|
Percentage |
|
46.67% |
N/A
|
Trade Morality |
|
N/A |
|
Liquidity |
|
N/A |
|
Payment status |
|
N/A |
|
Financial Situation |
|
N/A |
|
Development trend |
|
Negative |
|
Litigation data |
|
No Record |
|
Bankruptcy |
|
Yes |
|
Payment Methods |
|
N/A |
|
Sale Methods |
|
Retailer |
|
Public opinion |
|
N/A |
|
HUONG GIANG TELECOMMUNICATION DEVELOPMENT
COMPANY LIMITED has stopped operating, but it hasn't completed the procedures
for closing the tax code yet. We supply here the subject’s information when
it was still operating. HUONG GIANG TELECOMMUNICATION
DEVELOPMENT COMPANY LIMITED was established under the business registration
No. 0102026767 granted by Hanoi Planning and Investment Department on 7th
June 2006. It operated with chartered capital as VND 1.5 billion is humble in
comparison with other company in the same field. The subject specialized in
constructing telecommunication base stations. The subject only worked for Viettel telecom. The
telecommunication base stations which the subject constructed are around
Hanoi City. The subject did not import or
export. All material and equipment was provided by Viettel Telecom and other
building material distributors. Its operation was humble and not busy. When we visit the subject, Mr.
Pham Van Hoach said that the subject stopped operating at first 2012. He also
said that because he was old so he would close the subject. |
|
INDUSTRY DATA |
||||||
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|
||||||
|
Industry code |
Growth speed by price compared with 1994 (%) |
Total enterprises 2010 |
Total employees 2011 (Thous.pers.) |
Annual average capital of enterprises 2010 (billion dongs) |
||
|
2011 |
2010 |
|||||
|
Agriculture,
Forestry and Fishing |
4.00 |
2.78 |
8,887 |
24,362.9 |
95,227 |
|
|
Industry and
Construction |
5.53 |
7.70 |
95,217 |
10,718.9 |
3,641,376 |
|
|
Trade and
Services |
6.69 |
7.52 |
187,195 |
15,270.2 |
6,957,082 |
|
|
|
||||||
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ECONOMIC INDICATORS |
||||||
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|
||||||
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|
2011 |
2010 |
2009 |
|||
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Population (Million person) |
87.84 |
86.93 |
86.02 |
|||
|
Gross Domestic Products (USD billion) |
119 |
102.2 |
91 |
|||
|
GDP Growth (%) |
5.89 |
6.78 |
5.32 |
|||
|
GDP Per Capita (USD/person/year) |
1,300 |
1,160 |
1,080 |
|||
|
Inflation (% Change in Composite CPI) |
18.58 |
11.75 |
6.88 |
|||
|
State Budget Deficit compared with GDP (%) |
4.9 |
5.8 |
6.9 |
|||
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||||||
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SERVICE TRADE PERFORMANCE |
||||||
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|
||||||
|
Billion USD |
2011 |
2010 |
2009 |
|||
|
Exports |
96.3 |
72.2 |
57.1 |
|||
|
Imports |
105.8 |
84.8 |
69.9 |
|||
|
Trade Balance |
-9.5 |
-12.6 |
-12.8 |
|||
Source: General
Statistics Office
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.27 |
|
UK Pound |
1 |
Rs.87.43 |
|
Euro |
1 |
Rs.70.55 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
|
---- |
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.