|
Report Date : |
10.10.2012 |
IDENTIFICATION DETAILS
|
Correct Name : |
KHAN GIA TRADING - SERVICE - IMPORT EXPORT
COMPANY LIMITED |
|
|
|
|
Registered Office : |
181/7 Le Hong Phong Str, Ward 3, District 5, Ho Chi Minh
City |
|
|
|
|
Country : |
Vietnam |
|
|
|
|
Year of Establishment : |
2004 |
|
|
|
|
Com. Reg. No.: |
0303478613 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Trading rock salt lamps |
|
|
|
|
No. of Employees : |
03 employees |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow but Correct |
|
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 (registered) |
|
KHAN GIA TRADING - SERVICE - IMPORT EXPORT
COMPANY LIMITED |
|
Vietnamese Name (registered) |
|
CONG TY TNHH THUONG MAI - DICH VU - XUAT
NHAP KHAU KHAN GIA |
|
Short name (registered) |
|
KHAN GIA CO., LTD |
|
Type of Business |
|
Limited liability company |
|
Year Established |
|
2004 |
|
Business Registration No. |
|
0303478613 |
|
Date of the latest (02nd)
adjustment |
|
09 Jul 2010 |
|
Place of Registration |
|
Business Registration Office - Planning
and Investment Department of Hochiminh City |
|
Chartered capital |
|
VND 800,000,000 |
|
Tax code |
|
0303478613 |
|
Total Employees |
|
3 |
|
Head Office |
||
|
Address |
|
B. 233, 189C Cong Quynh Apartment, Nguyen
Cu Trinh Ward, District 1, Ho Chi Minh City, Vietnam |
|
Telephone |
|
+84 903939293 |
|
Email |
|
|
|
Website |
|
|
|
|
||
|
Registration
Address |
||
|
Address |
|
181/7 Le Hong Phong Str, Ward 3, District
5, Ho Chi Minh City, Vietnam |
|
|
||
|
Branch in Ho Chi
Minh |
||
|
Address |
|
2/10 Bau Bang Str Ward 13, Tan Binh
District, Ho Chi Minh City, Vietnam |
|
Telephone |
|
+84 902 741574 |
|
|
||
|
Branch in Ha Noi
|
||
|
Address |
|
385 Truong Chinh Str, Thanh Xuan District,
Ha Noi City, Vietnam |
|
NAME |
|
Ms.
DOAN CAM ANH |
|
Position |
|
Director |
|
Date of Birth |
|
14 Aug 1972 |
|
ID Number/Passport |
|
022992985 |
|
ID Issue Date |
|
15 Nov 2001 |
|
ID Issue Place |
|
Police station of
Hochiminh City |
|
Resident |
|
14/12 Ky Dong Str
Ward 9, District 3, Ho Chi Minh City, Vietnam |
|
Current resident |
|
B233, 189C Cong Quynh Apartment, Nguyen Cu
Trinh Ward, District 1, Ho Chi Minh City, Vietnam |
|
Nationality |
|
Vietnamese |
|
The
subject specializes in trading rock salt lamps. Following is its
registration activities: - Commercial advertising services. -
Printed
on the packaging. -
Advertisement. -
Production
and sale of software. -
Trading
timekeeper, electronic lock, card printers and card printer supplies, sewing
machine, bicycle parts, belts, conveyors, office equipment, agricultural and marine
products, handicraft technology. -
Brokerage
(except for real estate brokers and insurance brokers). -
Wholesale
of machinery, equipment and spare parts: wholesale of machinery and medical
equipment. -
Manufacture
of knitted dresses, crocheted (excluding bleaching, dyeing, printing on
textile products, textiles, garments, knitting at the office). -
Manufacture
of clothing; production of carpets, blankets (excluding bleaching, dyeing,
printing on textile products, textiles, garments, knitting at the office). -
May
dresses (excluding bleaching, dyeing, printing on textile products, textiles,
garments, knitting at the office). Wholesale fabrics, readymade garments. -
Retail
garments. -
Vocational
education (not working at the office). -
Educational
support services. -
Wholesale
items advertising materials for the garment industry. -
Wholesale
medical devices. |
|
IMPORT: |
||
|
·
Types of products |
|
Rock salt lamps |
|
·
Market |
|
Pakistan, India |
|
|
||
|
EXPORT: |
||
|
Note: Currently, the subject does
not export |
||
|
JOINT
STOCK BANK FOR FOREIGN TRADE OF VIETNAM HO CHI MINH BRANCH |
||
|
Address |
|
No. 29 Ben Chuong Duong Str-Nguyen Thai Binh Ward, District 1, Ho Chi
Minh City, Vietnam |
|
Telephone |
|
(84-8) 3825 1317 |
|
Fax |
|
(84-8) 3829 7228 |
|
1.
NAME |
|
Ms.
DOAN CAM ANH |
|
Position |
|
Director |
|
Date of Birth |
|
14 Aug 1972 |
|
ID Number/Passport |
|
022992985 |
|
Issued on |
|
15 Nov 2001 |
|
Issued Place |
|
Police station of Hochiminh City |
|
Resident |
|
14/12 Ky Dong Str Ward 9, 3rd
District, Ho Chi Minh City, Vietnam |
|
Current Resident |
|
B233, 189C Cong Quynh Apartment, Nguyen Cu
Trinh Ward, District 1, Ho Chi Minh City, Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
VND 600,000,000 |
|
Percentage |
|
75% |
|
|
||
|
2.
NAME |
|
Ms.
NGUYEN THI THUY VAN |
|
ID Number/Passport |
|
012159113 |
|
Resident |
|
1C, Group 6, Chua Boc, Quang Trung Ward, Dong
Da District, Ha Noi City, Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
VND 200,000,000 |
|
Percentage |
|
25% |
N/A
|
Trade Morality |
|
Normal |
|
Liquidity |
|
N/A |
|
Payment status |
|
N/A |
|
Financial Situation |
|
Average |
|
Development trend |
|
N/A |
|
Litigation data |
|
No Record |
|
Bankruptcy |
|
No Record |
|
Payment Methods |
|
Cash, through the bank (T/T, L/C) |
|
Sale Methods |
|
Wholesaler |
|
Public opinion |
|
Normal |
|
The
subject was established in 2004. It has been registered operating in many
fields but the subject has focused on trading rock salt lamps. Although
its registration office is at “181/7 Le Hong Phong Str, Ward 3, District 5,
Ho Chi Minh City, Vietnam”, we do not see any business activities which taken place at that
address. All activities are done at current resident address of Ms. Doan Cam
Anh. According to her, the subject did not have store or showroom. The subject’s goods (rock salt lamps) are imported from Pakistan and India. The industry position of the
subject is small. People working for subject are members of Ms. Doan Cam
Anh’s family. In general, the subject is only a tiny family owned company. It is graded at B. Caution is needed for all transactions with the subject. |
|
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 |
|||||
|
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 |
|
|
|
||||||
|
ECONOMIC
INDICATORS |
||||||
|
|
||||||
|
|
2011 |
2010 |
2009 |
|||
|
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 |
|||
|
|
||||||
|
SERVICE TRADE
PERFORMANCE |
||||||
|
|
||||||
|
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.52.38 |
|
UK Pound |
1 |
Rs.83.99 |
|
Euro |
1 |
Rs.67.99 |
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.