MIRA
INFORM REPORT
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Report Date : |
31.12.2013 |
IDENTIFICATION DETAILS
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Name : |
THINH GIANG TRADING ONE MEMBER CO LTD |
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Registered Office : |
526 DT 743 Rd Phu Hoa Ward, Thu Dau Mot, Binh Duong |
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Country : |
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Date of Incorporation : |
16.12.2011 |
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Legal Form : |
Private Company with Limited Liability |
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Line of Business : |
Importer of agricultural products |
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No. of Employees : |
12 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 : |
Slow but correct |
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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 – September 30, 2013
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Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
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Vietnam |
B1 |
B1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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 |
VIETNAM - ECONOMIC OVERVIEW
Vietnam is a densely-populated developing country that has been
transitioning from the rigidities of a centrally-planned economy since 1986.
Vietnamese authorities have reaffirmed their commitment to economic
modernization in recent years. Vietnam joined the World Trade Organization in
January 2007, which has promoted more competitive, export-driven industries.
Vietnam became an official negotiating partner in the Trans-Pacific Partnership
trade agreement in 2010. Agriculture's share of economic output has continued
to shrink from about 25% in 2000 to less than 22% in 2012, while industry's
share increased from 36% to nearly 41% in the same period. State-owned
enterprises account for roughly 40% of GDP. 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
hurt Vietnam's export-oriented economy, with GDP in 2012 growing at 5%, the
slowest rate of growth since 1999. In 2012, however, exports increased by more
than 18%, year-on-year; several administrative actions brought the trade
deficit back into balance. Between 2008 and 2011, Vietnam's managed currency,
the dong, was devalued in excess of 20%, but its value remained stable in 2012.
Foreign direct investment inflows fell 4.5% to $10.5 billion in 2012. Foreign
donors have pledged $6.5 billion in new development assistance for 2013. Hanoi
has oscillated between promoting growth and emphasizing macroeconomic stability
in recent years. In February 2011, the government shifted from policies aimed
at achieving a high rate of economic growth, which had stoked inflation, to
those aimed at stabilizing the economy, through tighter monetary and fiscal
control. Although Vietnam unveiled a broad, "three pillar" economic
reform program in early 2012, proposing the restructuring of public investment,
state-owned enterprises, and the banking sector, little perceptible progress
had been made by early 2013. Vietnam's economy continues to face challenges
from an undercapitalized banking sector. Non-performing loans weigh heavily on
banks and businesses. In September 2012, the official bad debt ratio climbed to
8.8%, though some independent analysts believe it could be higher than 15%
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Source
: CIA |
REGISTERED NAME & COMPANY
SUMMARY
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Organization Name |
: |
THINH GIANG TRADING ONE MEMBER CO LTD |
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Address |
: |
526 DT 743 Rd Phu Hoa Ward, Thu Dau Mot, Binh Duong |
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Country |
: |
Vietnam |
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Phone (S) |
: |
[+84] 650-3820879 |
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Facsimile |
: |
[+84] 650-3820879 |
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|
: |
thinhgiangco@gmail.com |
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Primary Business Activity |
: |
Importer |
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Key Industry |
: |
Agricultural Products |
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Registered Legal Address |
: |
526 DT 743 Rd Phu Hoa Ward, Thu Dau Mot, Binh Duong |
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Operational Address |
: |
526 DT 743 Rd Phu Hoa Ward, Thu Dau Mot, Binh Duong |
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License Number |
: |
3701981934 |
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License Status |
: |
License exists - Normal. |
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Legal Form - Category |
: |
Private Company with Limited Liability |
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Legal Form |
: |
Company Limited |
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Legal Form - Abbreviation |
: |
CO LTD |
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Operational Status of Business |
: |
Normal |
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Date of Registration |
: |
16 Dec, 2011 |
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Employees |
: |
12 |
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Capital |
: |
US$ 237,101 |
DIRECTORS/MANAGEMENT
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COMPANY MANAGEMENT |
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Management Listings |
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Management Details - 1 |
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COMPANY DIRECTORS |
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NEGATIVE INFORMATION
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REPUTATION |
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Reference checking for the purpose of establishing the THINH GIANG TRADING ONE MEMBER CO LTD's reputation within the respective industry failed to reveal any adverse information. |
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NEGA-SCAN - ADVERSE DATA MONITORING |
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SHARE & SHARE CAPITAL
INFORMATION
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CAPITAL (Currency: VND - Vietnam Dong) |
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SHAREHOLDERS
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Total number of shareholders |
: |
1 |
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Total number of shares |
: |
n/a |
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Currency |
: |
VND - Vietnam Dong |
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No. |
Shareholders |
Country |
Shares |
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Number |
Amount (VND) |
% |
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1 |
Mr. Le Huu Giang |
Vietnam |
n/a |
n/a |
100.00 |
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Total |
n/a |
n/a |
100.00 |
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Based on corporate statutory laws / regulations in Vietnam,
there is no requirement for public disclosure of Shareholders. In this case,
the Shareholders information was supplied by the Subject Business Entity.
However in the absence of data normally obtained from local Statutory
Authorities, it is not possible to verify the accuracy of data supplied and hence
is provided as reference ONLY.
PAYMENT INFORMATION
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DOMESTIC SALES & PURCHASES |
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PAYMENT TERMS |
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Selling |
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Purchasing |
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GROUP STRUCTURE & AFFILIATED
COMPANIES
N/a
FINANCIAL INFORMATION
FINANCIAL STATEMENT –
DETAILED
Based on the corporate laws of Vietnam, legal entities which are Private Company with Limited Liability are not required to make public disclosure of their annual financials. Therefore no financials are available for this entity.
FOREIGN EXCHANGE RATES
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Today's Exchange rate |
: |
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ADDITIONAL INFORMATION
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Country |
: |
Vietnam |
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Business Entity Name |
: |
THINH GIANG TRADING ONE MEMBER CO LTD |
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Primary Business Activity |
: |
Importer |
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Primary Industry |
: |
Agricultural Products |
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Office Contact Details |
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Operating Address |
: |
526 DT 743 Rd Phu Hoa Ward, Thu Dau Mot, Binh Duong |
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Tel |
: |
[+84] 650-3820879 |
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: |
[+84] 8-62894393 |
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Fax |
: |
[+84] 650-3820879 |
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|
: |
thinhgiangco@gmail.com |
Primary Products
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Products / Materials / Services Description |
Activity |
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Animal feed |
Importing, Trading |
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SIC PRODUCT CLASSIFICATION & ACTIVITY |
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HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY |
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CORE BUSINESS
DESCRIPTION |
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Core Business |
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The primary business focus of THINH GIANG TRADING ONE
MEMBER CO LTD is Importing - Finished products. Animal feed
Distribution |
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Supplementary Business |
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In addition to the core business, THINH GIANG TRADING ONE MEMBER CO LTD also is engaged in the following areas of business: Trading Trading - Finished products |
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BANK DETAILS |
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INTERNATIONAL TRADE - Activity & Markets
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Country / Region |
Estimated level of importance |
Trading Activity |
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Asia / Pacific |
Medium |
Importing |
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China |
Medium |
Importing |
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India |
Medium |
Importing |
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Malaysia |
Medium |
Importing |
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REAL ESTATE OWNERSHIP |
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The following property / ies are owned by THINH GIANG TRADING ONE MEMBER CO LTD : |
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NOTES & COMMENTS
N/a
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.62.00 |
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|
1 |
Rs.102.17 |
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Euro |
1 |
Rs.85.19 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIS |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.