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Report Date : |
14.05.2012 |
IDENTIFICATION DETAILS
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Name : |
AGRITA-QUANG NAM ENERGY JOINT STOCK
COMPANY |
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|
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Registered Office : |
No. 44 Le Quy Don Str, |
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Country : |
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Year of Establishment : |
2008 |
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Com. Reg. No.: |
4000495198 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Investing in hydropower project,
manufacturing and trading electricityp |
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No. of Employees : |
20 |
RATING & COMMENTS
|
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 : |
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
|
B1 |
B1 |
|
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 |
Current legal status
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Registered English Name |
|
AGRITA-QUANG NAM ENERGY JOINT STOCK
COMPANY |
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Registered Vietnamese Name |
|
CONG TY CP NANG LUONG AGRITA - QUANG |
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Registered Short name |
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"AGRITAM" |
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Type of Business |
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Joint stock company |
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Year Established |
|
2008 |
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Business Registration No. |
|
4000495198 |
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Date of Registration |
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17 Feb 2011 |
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Place of Registration |
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Planning and Investment Department of |
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Chartered capital |
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VND 200,000,000,000 |
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Status |
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Unlisted |
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Tax code |
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4000495198 |
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Total Employees |
|
20 |
Note: The correct name of the subject is as above.
Historical
Identification & Legal form
|
List |
Changed Items |
Date of changes |
|
1 |
Subject has got former Address: No. 253
Hung Vuong Str, An My Ward, Tam Ky Dist, Changed to: No. 44 Le Quy Don Str., Phuoc
Son Dist, |
N/A |
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Head Office |
||
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Address |
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No. 44 Le Quy Don Str, |
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Telephone |
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(84-510) 2475706 |
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Fax |
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(84-510) 3681457 |
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1.
NAME |
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Mr.
NGUYEN CANH HUONG |
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Position |
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General Director |
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Date of Birth |
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16 Sep 1950 |
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ID Number/Passport |
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012070960 |
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ID Issue Date |
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07 Nov 1997 |
|
|
|
Ha Noi City Public
Security |
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Resident |
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B6 - Hydraulics
Construction 1 Company Dormitory, Hoang Liet Ward, Hoang Mai District, Ha Noi
City, Vietnam |
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Nationality |
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Vietnamese |
|
-
Investing in hydropower project, manufacturing and trading electricity |
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IMPORT: |
|
Note: Currently, the subject does not import |
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|
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EXPORT: |
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Note: Currently, the subject does not export |
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1.
VIET NAM JOINT STOCK COMMERCIAL BANK FOR INDUSTRY AND TRADE QUANG |
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Address |
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No.22 Phan Boi Chau, |
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Telephone |
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(84-510) 3852859 |
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1.
NAME |
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TAN
TAO ENERGY DEVELOPMENT CORPORATION |
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Business Registration |
|
1100842379 |
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Tax code |
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1100842379 |
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Address |
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Tan Duc IP, Duc Hoa Commune , Duc Hoa
District, Long An Province, |
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Number of shares |
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8,800,000 |
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Value of shares |
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VND 88,000,000,000 |
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Percentage |
|
44% |
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|
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2.
NAME |
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AGRICULTURE AND IRRIGATION MECHANIZATION
ELECTRIFICATION CONSTRUCTION CORPORATION LIMITED |
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Business Registration |
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0104011504 |
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Date of Registration |
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27 Aug 2003 |
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Place of Registration |
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Hanoi Department of Planning and
Investment |
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Registered Capital |
|
VND
102,275,000,000 |
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Tax code |
|
0100102887 |
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Address |
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Km 10, |
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Tel |
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(84-4) 3861
5706/ 3861 4605 |
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Fax |
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(84-4) 3861 5706
|
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Number of shares |
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10,200,000 |
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Value of shares |
|
VND
102,000,000,000 |
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Percentage |
|
51% |
|
|
||
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3.
NAME |
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TANTAO CORP |
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Business Registration |
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1100874444 |
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Tax code |
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1100874444 |
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Address |
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Tan Duc IP, Duc Hoa Commune , Duc Hoa
District, Long An Province, |
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Number of shares |
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1,000,000 |
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Value of shares |
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VND 10,000,000,000 |
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Percentage |
|
5% |
N/A
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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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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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cash and through its banks |
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|
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Other |
CREDIT INQUIRY: USD 125,000 against DA in terms
Acceptable!
|
The subject was founded
in year 2008, as a joint stock company. The subject’s former business
registration no 3303070408, and current one is 4000495198 (same with the tax
code), with the current capital of VND 200 billion. The subject has head
office at No. 44 Le Quy Don Str, Kham Duc Tơn , Phuoc Son District, The financial data of the
subject is not available in our source.
Therefore, it is difficult to give detail on financial situation of the
subject. To sum up, although the
subject is a young company in the industry, the subject has a steady capital
support from 3 shareholders, who are the big corporations 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) |
||
|
2011 |
2010 |
|||||
|
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 |
|||
Source: General
Statistics Office
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.64 |
|
|
1 |
Rs.86.42 |
|
Euro |
1 |
Rs.69.29 |
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 |
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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 |
|
---- |
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.