|
Report Date : |
02.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
WORLD TECHNICS CHEMICALS TRADE COMPANY LIMITED |
|
|
|
|
Registered Office : |
No. 20B Phan Chu Trinh Street, Tan Thanh Ward, Tan Phu District, Ho Chi Minh City |
|
|
|
|
Country : |
Vietnam |
|
|
|
|
Financials (as on) : |
31.12.2008 |
|
|
|
|
Year of Incorporation : |
2007 |
|
|
|
|
Com. Reg. No.: |
0304958274 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
The subject is specializing in trading chemicals for industries such as paint, ink, FRP, adhesives, rubber, cosmetic, insecticides, printing, packaging and composite |
|
|
|
|
No. of Employees : |
10 |
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 (31.03.2011) |
Current Rating (30.06.2012) |
|
Viet Nam |
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
SUBJECT IDENTIFICATION & LEGAL FORM
|
||
|
|
||
Current legal status
|
||
|
English Name |
|
WORLD TECHNICS CHEMICALS TRADE COMPANY
LIMITED |
|
Vietnamese Name |
|
CONG TY TNHH THUONG MAI HOA CONG NGHE TOAN
CAU |
|
Short name |
|
WORLD TECHEM TRADE CO., LTD |
|
Type of Business |
|
Limited liability company |
|
Year Established |
|
2007 |
|
Business Registration No. |
|
0304958274 |
|
Date of Registration |
|
10 Sep 2012 (04th adjustment) |
|
Place of Registration |
|
Business Registration Office - Planning
and Investment Department of Ho Chi Minh City |
|
Chartered capital |
|
VND 16,800,000,000 |
|
Tax code |
|
0304958274 |
|
Total Employees |
|
10 |
Historical Identification & Legal form
|
List |
Changed Items |
|||||||
|
1 |
Subject has got former Business
Registration No: 4102049588 issued on 25 Apr 2007 Changed to: 0304958274 |
|||||||
|
|
||||||||
ADDRESSES
|
||||||||
|
|
||||||||
|
Head Office |
||||||||
|
Address |
|
No. 20B Phan Chu Trinh Street, Tan Thanh
Ward, Tan Phu District, Ho Chi Minh City, Vietnam |
||||||
|
Telephone |
|
(84-8) 3812 4725 - 3812 4726 - 3812 4727 -
3812 4728 |
||||||
|
Fax |
|
(84-8) 3812 4734 |
||||||
|
|
||||||||
|
Other |
||||||||
|
Address |
|
No. 262/10, Luy Ban Bich street, Hoa Thanh
ward, Tan Phu District, Ho Chi Minh City, Vietnam |
||||||
|
Note: Warehouse |
||||||||
|
|
||||||||
RELATED COMPANIES
|
||||||||
|
|
||||||||
|
TECHNOLOGY
CHEMICAL TRADING LIMITED COMPANY |
||||||||
|
Business Registration |
|
071474 |
||||||
|
Date of Registration |
|
10 Jun 1999 |
||||||
|
Place of Registration |
|
Business Registration Office- Planning &Investment Department of
Hochiminh city |
||||||
|
Registered Capital |
|
VND 2,000,000,000 |
||||||
|
Tax code |
|
0301741788 |
||||||
|
Address |
|
20B Phan Chu Trinh – Tan Thanh Ward, Tan Phu District, Ho Chi Minh
City, Vietnam |
||||||
|
Tel |
|
84-8- 38124726/ 38124727/ 38124728 / 38124729 / 62 |
||||||
|
Fax |
|
84-8 – 38124734 |
||||||
|
Status |
|
Stopped operating |
||||||
|
|
||||||||
DIRECTORS
|
||||||||
|
|
||||||||
|
1.
NAME |
|
Mr.
TRAN TRIEU NANG LUC |
||||||
|
Position |
|
General Director |
||||||
|
Date of birth |
|
24 Jul 1970 |
||||||
|
ID Number/Passport |
|
022327311 |
||||||
|
ID Issue Date |
|
20 Nov 2008 |
||||||
|
ID Issue Place |
|
Police station of
Hochiminh city |
||||||
|
Current resident |
|
No. 394/4, Nguyen Tri Phuong Str, Ward 4,
District 10, Ho Chi Minh City, Vietnam |
||||||
|
Nationality |
|
Vietnamese |
||||||
|
Tel/Mobile phone |
|
(84-8) 3812 4729 / +84 903 902399 |
||||||
|
Email |
|
|||||||
|
Qualification |
|
Management |
||||||
|
|
||||||||
|
2.
NAME |
|
Mr.
TRAN TRIEU NANG TRI |
||||||
|
Position |
|
Deputy General Director |
||||||
|
Date of Birth |
|
25 Aug 1972 |
||||||
|
ID Number/Passport |
|
022327310 |
||||||
|
Current resident |
|
No. 394/4 Nguyen Tri Phuong Str, Ward 4,
District 10, Ho Chi Minh City, Vietnam |
||||||
|
Nationality |
|
Vietnamese |
||||||
|
Email |
|
|||||||
|
|
||||||||
BUSINESS NATURE AND ACTIVITIES
|
||||||||
|
|
||||||||
|
The
subject is specializing in trading chemicals for industries such as paint,
ink, FRP, adhesives, rubber, cosmetic, insecticides, printing, packaging and
composite Registration activities: Wholesale of other chemicals,
except agricultural chemicals |
||||||||
|
|
||||||||
|
IMPORT & EXPORT ACTIVITIES |
||||||||
|
|
||||||||
|
IMPORT: |
||||||||
|
·
Types of products |
|
chemical |
||||||
|
·
Market |
|
Germany, France, Singapore, China and India |
||||||
|
|
||||||||
|
EXPORT: N/A |
||||||||
|
|
||||||||
Following is tax payable (related to imports/ exports) of the company
(updated on 01 Apr 2013):
|
||||||||
|
Customs code |
Registration Date |
Import tax payable (unit: VND) |
VAT on import/ export (unit: VND) |
Fees (unit: VND) |
||||
|
C02I02 |
04/03/2013 |
0 |
0 |
20,000 |
||||
|
C02I02 |
04/03/2013 |
0 |
86,644,480 |
0 |
||||
|
C02I02 |
04/03/2013 |
0 |
0 |
20,000 |
||||
|
C02I02 |
04/03/2013 |
0 |
86,644,480 |
0 |
||||
|
C02I02 |
07/03/2013 |
0 |
0 |
20,000 |
||||
|
C02I02 |
07/03/2013 |
11,821,973 |
40,588,773 |
0 |
||||
|
C02I02 |
08/03/2013 |
0 |
0 |
20,000 |
||||
|
C02I02 |
08/03/2013 |
12,371,832 |
42,476,623 |
0 |
||||
|
C02I02 |
11/03/2013 |
0 |
0 |
20,000 |
||||
|
C02I02 |
11/03/2013 |
0 |
52,694,840 |
0 |
||||
|
C02I02 |
14/03/2013 |
0 |
0 |
20,000 |
||||
|
C02I02 |
14/03/2013 |
7,698,029 |
48,299,299 |
0 |
||||
|
C02I02 |
18/03/2013 |
0 |
0 |
20,000 |
||||
|
C02I02 |
18/03/2013 |
0 |
24,993,600 |
0 |
||||
|
C02I02 |
22/03/2013 |
0 |
0 |
20,000 |
||||
|
C02I02 |
22/03/2013 |
12,678,004 |
43,527,813 |
0 |
||||
|
C02I02 |
25/03/2013 |
0 |
0 |
20,000 |
||||
|
C02I02 |
25/03/2013 |
0 |
67,182,797 |
0 |
||||
|
C03C |
27/03/2013 |
0 |
0 |
20,000 |
||||
|
C03C |
27/03/2013 |
0 |
21,661,120 |
0 |
||||
|
|
||||||||
BANKERS
|
||||||||
|
|
||||||||
|
1.
ASIA COMMERCIAL BANK TRUONG CHINH BRANCH |
||||||||
|
Address |
|
No.85 – 87 Xuan Hong, No.12 ward, Tan Binh District, Ho Chi Minh City,
Vietnam |
||||||
|
Telephone |
|
(84-8) 3811 5422 |
||||||
|
Fax |
|
(84-8) 3811 5432 |
||||||
|
|
||||||||
|
2.
DONGA COMMERCIAL JOINT STOCK BANK |
||||||||
|
Address |
|
No.130 Phan Dang Luu Street, Ward 3, Phu Nhuan District, Ho Chi Minh
City, Vietnam |
||||||
|
Telephone |
|
(84-8) 3995 1483 |
||||||
|
Fax |
|
(84-8) 3995 1614 |
||||||
|
|
||||||||
|
3.
JOINT STOCK COMMERCIAL BANK FOR FOREIGN TRADE OF VIETNAM |
||||||||
|
Address |
|
No. 93 - 95 Ham Nghi Str, Nguyen Thai Binh Ward, 1st District,
Ho Chi Minh City, Vietnam |
||||||
|
Telephone |
|
(84-8) 3215388 - 8210089 |
||||||
|
Fax |
|
(84-8) 38290696 |
||||||
|
|
||||||||
SHAREHOLDERS
|
||||||||
|
|
||||||||
|
1.
NAME |
|
Mr.
TRAN TRIEU NANG LUC |
||||||
|
Position |
|
General Director |
||||||
|
Date of birth |
|
24 Jul 1970 |
||||||
|
ID Number/Passport |
|
022327311 |
||||||
|
ID Issue Date |
|
20 Nov 2008 |
||||||
|
ID Issue Place |
|
Police station of
Hochiminh city |
||||||
|
Current resident |
|
No. 394/4, Nguyen Tri Phuong Str, Ward 4,
District 10, Ho Chi Minh City, Vietnam |
||||||
|
Nationality |
|
Vietnamese |
||||||
|
Tel/Mobile phone |
|
(84-8) 3812 4729 / +84 903 902399 |
||||||
|
Email |
|
|||||||
|
Qualification |
|
Management |
||||||
|
Value of shares |
|
VND 10,500,000,000 |
||||||
|
Percentage |
|
62.5% |
||||||
|
|
||||||||
|
2.
NAME |
|
Mr.
TRAN TRIEU NANG TRI |
||||||
|
Position |
|
Deputy General Director |
||||||
|
Date of Birth |
|
25 Aug 1972 |
||||||
|
ID Number/Passport |
|
022327310 |
||||||
|
Current resident |
|
No. 394/4 Nguyen Tri Phuong Str, Ward 4, District
10, Ho Chi Minh City, Vietnam |
||||||
|
Nationality |
|
Vietnamese |
||||||
|
Email |
|
|||||||
|
Value of shares |
|
VND 5,500,000,000 |
||||||
|
Percentage |
|
32.74% |
||||||
|
|
||||||||
|
3.
NAME |
|
Mr.
NGO THANG HUNG |
||||||
|
I.D No. |
|
023274136 |
||||||
|
Resident |
|
No. 41/154, Ngo Quyen street, Ward 6,
District 10, Ho Chi Minh City, Vietnam |
||||||
|
Nationality |
|
Vietnamese |
||||||
|
Value of shares |
|
VND 800,000,000 |
||||||
|
Percentage |
|
4.76% |
||||||
|
|
||||||||
FINANCIAL DATA
|
|
||||
|
|
|
||||
|
BALANCE
SHEET |
|
||||
Unit: Million VND
|
|
||||
|
Balance sheet
date |
31/12/2008 |
31/12/2007 |
|
||
|
Number of weeks |
52 |
N/A |
|
||
ASSETS
|
|
||||
|
A – CURRENT
ASSETS |
55,222 |
48,190 |
|
||
|
I. Cash and cash
equivalents |
7,737 |
3,062 |
|
||
|
1. Cash |
7,737 |
3,062 |
|
||
|
2. Cash equivalents |
0 |
0 |
|
||
|
II. Short-term
investments |
0 |
0 |
|
||
|
1. Short-term investments |
0 |
0 |
|
||
|
2. Provisions for devaluation of short-term investments |
0 |
0 |
|
||
|
III. Accounts
receivable |
23,748 |
20,109 |
|
||
|
1. Receivable from customers |
23,744 |
20,099 |
|
||
|
2. Prepayments to suppliers |
0 |
0 |
|
||
|
3. Inter-company receivable |
0 |
0 |
|
||
|
4. Receivable according to the progress of construction |
0 |
0 |
|
||
|
5. Other receivable |
4 |
10 |
|
||
|
6. Provisions for bad debts |
0 |
0 |
|
||
|
IV. Inventories |
22,768 |
23,190 |
|
||
|
1. Inventories |
22,768 |
23,190 |
|
||
|
2. Provisions for devaluation of inventories |
0 |
0 |
|
||
|
V. Other Current
Assets |
969 |
1,829 |
|
||
|
1. Short-term prepaid expenses |
45 |
17 |
|
||
|
2. VAT to be deducted |
924 |
1,812 |
|
||
|
3. Taxes and other accounts receivable from the State |
0 |
0 |
|
||
|
4. Other current assets |
0 |
0 |
|
||
|
B. LONG-TERM
ASSETS |
612 |
221 |
|
||
|
I. Long term
accounts receivable |
0 |
0 |
|
||
|
1. Long term account receivable from customers |
0 |
0 |
|
||
|
2. Working capital in affiliates |
0 |
0 |
|
||
|
3. Long-term inter-company receivable |
0 |
0 |
|
||
|
4. Other long-term receivable |
0 |
0 |
|
||
|
5. Provisions for bad debts from customers |
0 |
0 |
|
||
|
II. Fixed assets
|
612 |
221 |
|
||
|
1. Tangible assets |
612 |
221 |
|
||
|
- Historical costs |
656 |
221 |
|
||
|
- Accumulated depreciation |
-44 |
0 |
|
||
|
2. Financial leasehold assets |
0 |
0 |
|
||
|
- Historical costs |
0 |
0 |
|
||
|
- Accumulated depreciation |
0 |
0 |
|
||
|
3. Intangible assets |
0 |
0 |
|
||
|
- Initial costs |
0 |
0 |
|
||
|
- Accumulated amortization |
0 |
0 |
|
||
|
4. Construction-in-progress |
0 |
0 |
|
||
|
III. Investment
property |
0 |
0 |
|
||
|
Historical costs |
0 |
0 |
|
||
|
Accumulated depreciation |
0 |
0 |
|
||
|
IV. Long-term
investments |
0 |
0 |
|
||
|
1. Investments in affiliates |
0 |
0 |
|
||
|
2. Investments in business concerns and joint ventures |
0 |
0 |
|
||
|
3. Other long-term investments |
0 |
0 |
|
||
|
4. Provisions for devaluation of long-term investments |
0 |
0 |
|
||
|
V. Other
long-term assets |
0 |
0 |
|
||
|
1. Long-term prepaid expenses |
0 |
0 |
|
||
|
2. Deferred income tax assets |
0 |
0 |
|
||
|
3. Other long-term assets |
0 |
0 |
|
||
|
VI. Goodwill |
|
|
|
||
|
1. Goodwill |
|
|
|
||
|
TOTAL ASSETS |
55,834 |
48,411 |
|
||
|
|
|
||||
LIABILITIES
|
|
||||
|
A- LIABILITIES |
46,253 |
41,508 |
|
||
|
I. Current
liabilities |
43,753 |
39,008 |
|
||
|
1. Short-term debts and loans |
0 |
0 |
|
||
|
2. Payable to suppliers |
43,793 |
38,553 |
|
||
|
3. Advances from customers |
0 |
0 |
|
||
|
4. Taxes and other obligations to the State Budget |
-40 |
455 |
|
||
|
5. Payable to employees |
0 |
0 |
|
||
|
6. Accrued expenses |
0 |
0 |
|
||
|
7. Inter-company payable |
0 |
0 |
|
||
|
8. Payable according to the progress of construction contracts |
0 |
0 |
|
||
|
9. Other payable |
0 |
0 |
|
||
|
10. Provisions for short-term accounts payable |
0 |
0 |
|
||
|
11. Bonus and welfare funds |
|
|
|
||
|
II. Long-Term
Liabilities |
2,500 |
2,500 |
|
||
|
1. Long-term accounts payable to suppliers |
0 |
0 |
|
||
|
2. Long-term inter-company payable |
0 |
0 |
|
||
|
3. Other long-term payable |
0 |
0 |
|
||
|
4. Long-term debts and loans |
2,500 |
2,500 |
|
||
|
5. Deferred income tax payable |
0 |
0 |
|
||
|
6. Provisions for unemployment allowances |
0 |
0 |
|
||
|
7. Provisions for long-term accounts payable |
0 |
0 |
|
||
|
8. Unearned Revenue |
|
|
|
||
|
9. Science and technology development fund |
|
|
|
||
|
B- OWNER’S
EQUITY |
9,581 |
6,903 |
|
||
|
I. OWNER’S
EQUITY |
9,581 |
6,903 |
|
||
|
1. Capital |
5,000 |
5,000 |
|
||
|
2. Share premiums |
0 |
0 |
|
||
|
3. Other sources of capital |
0 |
0 |
|
||
|
4. Treasury stocks |
0 |
0 |
|
||
|
5. Differences on asset revaluation |
0 |
0 |
|
||
|
6. Foreign exchange differences |
0 |
0 |
|
||
|
7. Business promotion fund |
0 |
0 |
|
||
|
8. Financial reserved fund |
0 |
0 |
|
||
|
9. Other funds |
0 |
0 |
|
||
|
10. Retained earnings |
4,581 |
1,903 |
|
||
|
11. Construction investment fund |
0 |
0 |
|
||
|
12. Business arrangement supporting fund |
|
|
|
||
|
II. Other
sources and funds |
0 |
0 |
|
||
|
1. Bonus and welfare funds (Elder form) |
0 |
0 |
|
||
|
2. Sources of expenditure |
0 |
0 |
|
||
|
3. Fund to form fixed assets |
0 |
0 |
|
||
|
MINORITY’S
INTEREST |
0 |
0 |
|
||
|
TOTAL
LIABILITIES AND OWNER’S EQUITY |
55,834 |
48,411 |
|
||
|
|
|
||||
|
PROFIT
& LOSS STATEMENT |
|
||||
|
|
|
||||
|
Description |
FY2008 |
|
|||
|
1. Total Sales |
106,978 |
|
|||
|
2. Deduction item |
0 |
|
|||
|
3. Net revenue |
106,978 |
|
|||
|
4. Costs of goods sold |
99,270 |
|
|||
|
5. Gross profit |
7,708 |
|
|||
|
6. Financial income |
37 |
|
|||
|
7. Financial expenses |
2,320 |
|
|||
|
- In which: Loan interest expenses |
0 |
|
|||
|
8. Selling expenses |
913 |
|
|||
|
9. Administrative overheads |
793 |
|
|||
|
10. Net operating profit |
3,719 |
|
|||
|
11. Other income |
0 |
|
|||
|
12. Other expenses |
0 |
|
|||
|
13. Other profit /(loss) |
0 |
|
|||
|
14. Total accounting profit before tax |
3,719 |
|
|||
|
15. Current corporate income tax |
1,041 |
|
|||
|
16. Deferred corporate income tax |
0 |
|
|||
|
17. Interest from subsidiaries/related companies |
|
|
|||
|
18. Profit after tax |
2,678 |
|
|||
|
|
|
||||
|
FINANCIAL RATIOS
|
|
||||
|
|
|
||||
|
Description |
FY2008 |
|
|||
|
Current liquidity ratio |
1.26 |
|
|||
|
Quick liquidity ratio |
0.74 |
|
|||
|
Inventory circle |
4.32 |
|
|||
|
Average receive period |
81.03 |
|
|||
|
Utilizing asset performance |
1.92 |
|
|||
|
Liability by total assets |
82.84 |
|
|||
|
Liability by owner's equity |
482.76 |
|
|||
|
Ebit / Total assets (ROA) |
6.66 |
|
|||
|
Ebit / Owner's equity (ROE) |
38.82 |
|
|||
|
Ebit / Total revenue (NPM) |
3.48 |
|
|||
|
Gross profit / Total revenue (GPM) |
7.21 |
|
|||
|
|
|
||||
PAYMENT HISTORY & PERFORMANCE EXPERIENCES
|
|
||||
|
|
|
||||
|
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 |
|
Direct payment or through its corresponding bank |
|
||
|
Sale Methods |
|
Retailer and Wholesaler |
|
||
|
Public opinion |
|
Normal |
|
||
|
|
|||||
INTERPRETATION ON THE SCORES
|
|
||||
|
|
|
||||
|
The
company, WORLD TECHNICS CHEMICALS TRADE COMPANY LIMITED was established in
April 2007 under the Business Registration No. 4102049588. It was reissued new
Business Registration No. 0304958274. Head office of the company is located
at No. 20B Phan Chu Trinh Str - Tan Thanh Ward - Tan Phu District - Ho Chi
Minh City. The
company is specializing in trading chemicals for industries such as paint,
ink, FRP, adhesive, rubber, cosmetic, insecticides, printing, packaging and
composite. Its products are imported from Taiwan, Malaysia, Germany, France, Singapore, China and
India then providing in domestic market. Premises
and facilities of the company are normal. In the past, the company and Technology
Chemical Trading Limited Company shared the same office and contact lines
(these companies have the same owners). Since 26 Nov 2009, Technology
Chemical Trading Limited Company has been stopped operating but procedure for
closing tax code has not been finished yet. Management capability of the company is average. Before establishing the
company, its owners had established a sole proprietorship enterprise called
DNTN Thuong Mai Viet Hoa in 1997. According to Mr. Tran Trieu Nang Luc, the
company was operating normally. Its turnover 2011 increased by 10% in
comparison with previous year. Since
beginning of 2011, fluctuation of exchange rate has affected deeply on
business of companies which have import - export activities. The company is
not out of this affection. In our opinion, the company has capacity to meet
the small business transaction at the present. |
|
||||
------------ APPENDIX ----------
INDUSTRY DATA
|
||||||
|
|
||||||
|
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) |
||
|
2012 |
2011 |
|||||
|
Agriculture,
Forestry and Fishing |
2.72 |
4.00 |
8,887 |
24,362.9 |
95,227 |
|
|
Industry and
Construction |
4.52 |
5.53 |
95,217 |
10,718.9 |
3,641,376 |
|
|
Trade and
Services |
6.42 |
6.69 |
187,195 |
15,270.2 |
6,957,082 |
|
|
|
||||||
ECONOMIC INDICATORS
|
||||||
|
|
||||||
|
|
2012 |
2011 |
2010 |
|||
|
Population (Million person) |
88.78 |
87.84 |
86.93 |
|||
|
Gross Domestic Products (USD
billion) |
136 |
119 |
102.2 |
|||
|
GDP Growth (%) |
5.03 |
5.89 |
6.78 |
|||
|
GDP Per Capita (USD/person/year) |
1,540 |
1,300 |
1,160 |
|||
|
Inflation (% Change in
Composite CPI) |
9.21 |
18.58 |
11.75 |
|||
|
State Budget Deficit compared
with GDP (%) |
4.8 |
4.9 |
5.8 |
|||
|
|
||||||
SERVICE TRADE PERFORMANCE
|
||||||
|
|
||||||
|
Billion USD |
2012 |
2011 |
2010 |
|||
|
Exports |
114.6 |
96.3 |
72.2 |
|||
|
Imports |
114.3 |
105.8 |
84.8 |
|||
|
Trade Balance |
0.3 |
-9.5 |
-12.6 |
|||
Source: General
Statistics Office
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.39 |
|
|
1 |
Rs.82.32 |
|
Euro |
1 |
Rs.69.54 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.