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Report Date : |
25.06.2012 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
318/29B |
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Country : |
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Date of Incorporation : |
20.11.2009 |
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Com. Reg. No.: |
0307706525 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
trading in pesticides, fertilizers and agricultural chemicals |
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No. of Employees : |
04 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small Company |
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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) |
|
|
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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Registered English Name |
|
|
|
Registered Vietnamese Name |
|
CONG TY CO PHAN NONG DUOC VA HOA CHAT |
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Registered Short name |
|
NAVICHEM JSC |
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Type of Business |
|
Joint stock company |
|
Year Established |
|
2009 |
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Business Registration No. |
|
0307706525 |
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Date of Registration |
|
20 Nov 2009 |
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Place of Registration |
|
Business Registration Office of |
|
Chartered capital |
|
VND 2,000,000,000 |
|
Tax code |
|
0307706525 |
|
Total Employees |
|
4 |
|
Head Office |
||
|
Address |
|
318/29B |
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Telephone |
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(84-8) 3516 6727 |
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Fax |
|
(84-8) 3516 6727 |
Note: The given tel number “84-8 3508 7246” is not correct.
|
1.
NAME |
|
Mr.
PHAM KHANH HAO |
|
Position |
|
Director – Legal Representative |
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Date of Birth |
|
27 Apr 1973 |
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ID Number/Passport |
|
273010205 |
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ID Issue Date |
|
30 Jan 2008 |
|
|
|
Police Station of
Vung Tau City |
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Resident |
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Quarter 6, Phuoc Hiep
Ward, Vung Tau City, Ba Ria-Vung Tau Province, Vietnam |
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Current resident |
|
318/29B |
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Cell phone |
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+84 919 977 586 |
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Nationality |
|
Vietnamese |
|
Qualification |
|
Management |
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|
||
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2.
NAME |
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Mr.
NGUYEN DAN TIEN |
|
Position |
|
Accountant |
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ID Number/Passport |
|
024710741 |
|
Resident |
|
13/6/22 Road 11, Linh
Chieu Ward , Thu Duc District, Ho Chi Minh City, Vietnam |
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Nationality |
|
Vietnamese |
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Qualification |
|
Bachelor |
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The subject
specializes in trading in pesticides, fertilizers and agricultural chemicals. |
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IMPORT: |
||
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·
Market |
|
mainly from |
|
|
||
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EXPORT: |
||
Note: Currently, the subject does
not export
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SAIGON
THUONG TIN COMMERCIAL JOINT STOCK BANK BINH THANH BRANCH |
||
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Address |
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No.10-12 Le Quang Dinh No.14 ward, Binh Thanh District, |
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Telephone |
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(84-8) 3551 2700 |
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Fax |
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(84-8) 3551 2699 |
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1.
NAME |
|
Mr.
PHAM KHANH HAO |
|
Position |
|
Director – Legal Representative |
|
Date of Birth |
|
27 Apr 1973 |
|
ID Number/Passport |
|
273010205 |
|
Issued on |
|
30 Jan 2008 |
|
Issued Place |
|
Police Station of |
|
Resident |
|
Quarter 6, Phuoc Hiep Ward , Vung Tau
City, Ba Ria-Vung Tau Province, Vietnam |
|
Current Resident |
|
318/29B |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
VND 800,000,000 |
|
Percentage |
|
40% |
|
|
||
|
2.
NAME |
|
Mr.
NGUYEN DAN TIEN |
|
Position |
|
Accountant |
|
ID Number/Passport |
|
024710741 |
|
Resident |
|
13/6/22 Road 11, Linh Chieu Ward , Thu Duc
District, |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
VND 600,000,000 |
|
Percentage |
|
30% |
|
|
||
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3.
NAME |
|
Mr.
PHAM KHANH HIEP |
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ID Number/Passport |
|
024305423 |
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Resident |
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|
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Nationality |
|
Vietnamese |
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Value of shares |
|
VND 600,000,000 |
|
Percentage |
|
30% |
Not available!
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Trade Morality |
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|
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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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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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Direct payment or through its corresponding bank, LC |
|
|
|
Retailer and Wholesaler |
CREDIT INQUIRY: 125,000 USD
Against DA in terms
Caution needed!
|
The
subject - NAVICHEM
JSC - was established in
March 2009. The subject has adjusted its business registration three times,
the last time was on 20 Nov 2009. Currently, the subject is operating under
business registration No. 0307706525 issued by Business Registration Office of
Hochiminh City with registered capital of VND 2 billion. The
subject specializes in trading in pesticides, fertilizers and agricultural
chemicals. Most of products of the subject are imported from The subject is located at 318/29B
|
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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) |
||
|
2011 |
2010 |
|||||
|
Agriculture,
Forestry and Fishing |
4.00 |
2.78 |
8,749 |
23,896.3 |
81,559 |
|
|
Industry and
Construction |
5.53 |
7.70 |
85,115 |
10,630 |
2,751,975 |
|
|
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 |
|||
|
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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SERVICE TRADE
PERFORMANCE |
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Billion USD |
2011 |
2010 |
2009 |
|||
|
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 |
|||
Source: General
Statistics Office
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.99 |
|
UK Pound |
1 |
Rs.88.97 |
|
Euro |
1 |
Rs.71.57 |
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.