|
Report Date : |
18.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
HOAN DUONG TRADING AND MANUFACTURING JOINT STOCK COMPANY |
|
|
|
|
Registered Office : |
Room 2003, CT2 Building Bac Ha Resident, Mo Lao ward, Ha Dong District, Ha Noi City |
|
|
|
|
Country : |
Vietnam |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Year of Incorporation : |
2002 |
|
|
|
|
Com. Reg. No.: |
0101330741 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacturing and trading animal feed, agricultural products. |
|
|
|
|
No. of Employees : |
150 |
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 : |
No Complaints |
|
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 |
|
HOAN DUONG TRADING AND MANUFACTURING JOINT
STOCK COMPANY |
|
Vietnamese Name |
|
CONG TY CO PHAN SAN XUAT VA THUONG MAI
HOAN DUONG |
|
Short name |
|
HD JSC |
|
Type of Business |
|
Joint stock company |
|
Year Established |
|
2002 |
|
Business Registration No. |
|
0101330741 |
|
Date of Registration |
|
22 Dec 2009 |
|
Place of Registration |
|
Hanoi Planning and Investment Department |
|
Chartered capital |
|
VND 60,000,000,000 |
|
Status |
|
Unlisted |
|
Tax code |
|
0101330741 |
|
Total Employees |
|
150 |
|
Size |
|
Medium |
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 Chartered capital:
VND 36,000,000,000 Changed to: VND 60,000,000,000 |
14
Apr 2011 |
|
2 |
Subject has got former Registered
Vietnamese Name: CONG TY CO PHAN SAN XUAT VA THUONG MAI HOAN- DUONG Changed to: CONG TY CO PHAN SAN XUAT VA
THUONG MAI HOAN DUONG |
14
Apr 2011 |
|
3 |
Subject has got former Registered English
Name: HOAN- DUONG TRADING AND MANUFACTURING JOINT STOCK COMPANY Changed to: HOAN
DUONG TRADING AND MANUFACTURING JOINT STOCK COMPANY |
14
Apr 2011 |
|
4 |
Subject has got former Abbreviated Name:
H- D JSC Changed to: HD JSC |
14
Apr 2011 |
|
5 |
Subject has got former Business Registration
No: 0103001719 (granted on December 31st 2002) Changed to: 0101330741 |
22
Dec 2009 |
|
6 |
Subject has got former Chartered capital:
VND 5,500,000,000 Changed to: VND 36,000,000,000 |
23
Sep 2008 |
|
7 |
Subject has got former Address: No. B5,
Group 110 Hoang Cau Str, O Cho Dua Ward - Dong Da District - Ha Noi City -
Vietnam Changed to: Room 2003 - CT2 Building, Bac
Ha Housing Area, Mo Lao ward - Ha Dong District - Ha Noi City - Vietnam |
N/A |
|
|
||
ADDRESSES
|
||
|
|
||
|
Head Office |
||
|
Address |
|
Room 2003, CT2 Building Bac Ha Resident,
Mo Lao ward, Ha Dong District, Ha Noi City, Vietnam |
|
Telephone |
|
(84-4) 62863 666 |
|
Fax |
|
(84-4) 62863 888 |
|
Email |
|
|
|
Website |
|
|
|
|
||
|
Branch in Ha Nam
– Factory |
||
|
Address |
|
Dong Van Industrial Zone Dong Van Town,
Duy Tien District, Ha Nam Province, Vietnam |
|
Telephone |
|
(84-351) 3582 027/ 009 /3836 966 |
|
Fax |
|
(84-351) 3836 977 |
|
|
||
DIRECTORS
|
||
|
|
||
|
1.
NAME |
|
Mr.
VU CONG TRIU |
|
Position |
|
Chairman cum General Director |
|
Date of Birth |
|
11 Nov 1965 |
|
ID Number/Passport |
|
011319393 |
|
ID Issue Date |
|
14 Mar 2008 |
|
ID Issue Place |
|
Hanoi Police Station |
|
Resident |
|
No. 14 ENGINEERING
CONSTRUCTION DESIGN INVESTAGATE COMPANY Collective Zone Thanh Cong Ward, Tu
Liem District, Ha Noi City, Vietnam |
|
Current resident |
|
Me Tri Thuong Hamlet, Me Tri Commune, Tu
Liem District, Ha Noi City, Vietnam |
|
Nationality |
|
Vietnamese |
|
|
||
|
2.
NAME |
|
Ms.
NGUYEN THANH QUYNH |
|
Position |
|
Financial Director |
|
Date of Birth |
|
1977 |
|
Nationality |
|
Vietnamese |
|
|
||
|
3.
NAME |
|
Mr.
LE CHUNG THUY |
|
Position |
|
Chief Accountant |
|
Nationality |
|
Vietnamese |
|
|
||
BUSINESS NATURE AND ACTIVITIES
|
|
|
|
Manufacturing
and trading animal feed, agricultural products. |
|
|
|
IMPORT & EXPORT ACTIVITIES |
||
|
|
||
|
IMPORT: |
||
|
·
Types of products |
|
Material |
|
·
Market |
|
India, Argentina, USA, Australia, Ukraine, Austria, Indonesia,
Malaysia |
|
·
Mode of payment |
|
L/C, T/T |
|
|
||
|
EXPORT: |
||
|
Note: Currently, the subject does not export |
||
|
|
||
BANKERS
|
||
|
|
||
|
1.
LIEN VIET BANK HANOI BRANCH |
||
|
Address |
|
135 Xa Dan Road, Phuong Lien Ward, Dong Da District, Ha Noi City,
Vietnam |
|
Telephone |
|
(84-4) 362668668 |
|
Fax |
|
(84-4) 362669669 |
|
|
||
|
2.
VIET NAM BANK FOR AGRICULTURE AND RURAL DEVELOPMENT BIEN HOA BRANCH |
||
|
Address |
|
No.122 Bien Hoa Street, Phu Ly City, Ha Nam Province, Vietnam |
|
Telephone |
|
(84-351) 3829 766 |
|
Fax |
|
(84-351) 3829 767 |
|
|
||
SHAREHOLDERS
|
||
Following
is the founding-shareholders list of the subject
|
||
|
1.
NAME |
|
Mr.
VU CONG TRIU |
|
Position |
|
Chairman cum General Director |
|
Date of Birth |
|
11 Nov 1965 |
|
ID Number/Passport |
|
011319393 |
|
Issued on |
|
14 Mar 2008 |
|
Issued Place |
|
Hanoi Police Station |
|
Resident |
|
No. 14 ENGINEERING CONSTRUCTION DESIGN
INVESTAGATE COMPANY Collective Zone Thanh Cong Ward, Tu Liem District, Ha Noi
City, Vietnam |
|
Current Resident |
|
Me Tri Thuong Hamlet, Me Tri Commune, Tu
Liem District, Ha Noi City, Vietnam |
|
Nationality |
|
Vietnamese |
|
Number of Shares |
|
480,000 |
|
Value of shares |
|
VND 48,800,000,000 |
|
Percentage |
|
80% |
|
|
||
|
2.
NAME |
|
Ms.
NGUYEN THI MINH |
|
ID Number/Passport |
|
012136928 |
|
Resident |
|
No. 14 ENGINEERING CONSTRUCTION DESIGN
INVESTAGATE COMPANY Collective Zone Thanh Cong Ward, Tu Liem District, Ha Noi
City, Vietnam |
|
Number of Shares |
|
54,000 |
|
Value of shares |
|
VND 5,400,000,000 |
|
Percentage |
|
9% |
|
|
||
|
3.
NAME |
|
Mr.
NGUYEN ANH TUAN |
|
ID Number/Passport |
|
012094324 |
|
Resident |
|
No. 76 De La Thanh Str., Ngoc Khanh Ward,
Ba Dinh District, Ha Noi City, Vietnam |
|
Note:
He transferred his share |
||
FINANCIAL DATA
|
|||
|
|
|||
|
BALANCE
SHEET |
|||
Unit: One VND
|
|||
|
Balance sheet
date |
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
Number of weeks |
52 |
52 |
52 |
ASSETS
|
|||
|
A – CURRENT
ASSETS |
128,710,000,000 |
78,314,000,000 |
39,598,000,000 |
|
I. Cash and cash
equivalents |
4,500,000,000 |
5,509,000,000 |
3,258,000,000 |
|
1. Cash |
328,000,000 |
5,509,000,000 |
3,258,000,000 |
|
2. Cash equivalents |
4,172,000,000 |
0 |
0 |
|
II. Short-term
investments |
0 |
0 |
0 |
|
1. Short-term investments |
0 |
0 |
0 |
|
2. Provisions for devaluation of short-term investments |
0 |
0 |
0 |
|
III. Accounts
receivable |
14,978,000,000 |
4,202,000,000 |
3,626,000,000 |
|
1. Receivable from customers |
5,396,000,000 |
3,384,000,000 |
2,817,000,000 |
|
2. Prepayments to suppliers |
8,661,000,000 |
0 |
0 |
|
3. Inter-company receivable |
0 |
0 |
0 |
|
4. Receivable according to the progress of construction |
0 |
0 |
0 |
|
5. Other receivable |
921,000,000 |
818,000,000 |
809,000,000 |
|
6. Provisions for bad debts |
0 |
0 |
0 |
|
IV. Inventories |
101,225,000,000 |
64,094,000,000 |
29,246,000,000 |
|
1. Inventories |
101,225,000,000 |
64,094,000,000 |
29,246,000,000 |
|
2. Provisions for devaluation of inventories |
0 |
0 |
0 |
|
V. Other Current
Assets |
8,007,000,000 |
4,509,000,000 |
3,468,000,000 |
|
1. Short-term prepaid expenses |
0 |
0 |
1,551,000,000 |
|
2. VAT to be deducted |
0 |
0 |
0 |
|
3. Taxes and other accounts receivable from the State |
0 |
0 |
0 |
|
4. Other current assets |
8,007,000,000 |
4,509,000,000 |
1,917,000,000 |
|
B. LONG-TERM
ASSETS |
109,534,000,000 |
93,575,000,000 |
51,987,000,000 |
|
I. Long term
accounts receivable |
0 |
0 |
0 |
|
1. Long term account receivable from customers |
0 |
0 |
0 |
|
2. Working capital in affiliates |
0 |
0 |
0 |
|
3. Long-term inter-company receivable |
0 |
0 |
0 |
|
4. Other long-term receivable |
0 |
0 |
0 |
|
5. Provisions for bad debts from customers |
0 |
0 |
0 |
|
II. Fixed assets
|
109,534,000,000 |
93,372,000,000 |
51,987,000,000 |
|
1. Tangible assets |
104,024,000,000 |
86,829,000,000 |
28,866,000,000 |
|
- Historical costs |
112,447,000,000 |
93,139,000,000 |
33,631,000,000 |
|
- Accumulated depreciation |
-8,423,000,000 |
-6,310,000,000 |
-4,765,000,000 |
|
2. Financial leasehold assets |
0 |
0 |
0 |
|
- Historical costs |
0 |
0 |
0 |
|
- Accumulated depreciation |
0 |
0 |
0 |
|
3. Intangible assets |
5,510,000,000 |
5,510,000,000 |
22,753,000,000 |
|
- Initial costs |
5,510,000,000 |
5,510,000,000 |
22,753,000,000 |
|
- Accumulated amortization |
0 |
0 |
0 |
|
4. Construction-in-progress |
0 |
1,033,000,000 |
368,000,000 |
|
III. Investment
property |
0 |
0 |
0 |
|
Historical costs |
0 |
0 |
0 |
|
Accumulated depreciation |
0 |
0 |
0 |
|
IV. Long-term
investments |
0 |
0 |
0 |
|
1. Investments in affiliates |
0 |
0 |
0 |
|
2. Investments in business concerns and joint ventures |
0 |
0 |
0 |
|
3. Other long-term investments |
0 |
0 |
0 |
|
4. Provisions for devaluation of long-term investments |
0 |
0 |
0 |
|
V. Other
long-term assets |
0 |
203,000,000 |
0 |
|
1. Long-term prepaid expenses |
0 |
0 |
0 |
|
2. Deferred income tax assets |
0 |
0 |
0 |
|
3. Other long-term assets |
0 |
203,000,000 |
0 |
|
VI. Goodwill |
|
0 |
|
|
1. Goodwill |
|
0 |
|
|
TOTAL ASSETS |
238,244,000,000 |
171,889,000,000 |
91,585,000,000 |
|
|
|||
LIABILITIES
|
|||
|
A- LIABILITIES |
123,673,000,000 |
90,182,000,000 |
32,421,000,000 |
|
I. Current
liabilities |
113,994,000,000 |
74,831,000,000 |
31,121,000,000 |
|
1. Short-term debts and loans |
106,804,000,000 |
59,567,000,000 |
17,892,000,000 |
|
2. Payable to suppliers |
0 |
13,684,000,000 |
12,823,000,000 |
|
3. Advances from customers |
0 |
0 |
0 |
|
4. Taxes and other obligations to the State Budget |
0 |
0 |
0 |
|
5. Payable to employees |
542,000,000 |
459,000,000 |
397,000,000 |
|
6. Accrued expenses |
1,945,000,000 |
15,000,000 |
9,000,000 |
|
7. Inter-company payable |
0 |
0 |
0 |
|
8. Payable according to the progress of construction contracts |
0 |
0 |
0 |
|
9. Other payable |
0 |
0 |
0 |
|
10. Provisions for short-term accounts payable |
4,703,000,000 |
1,106,000,000 |
0 |
|
11. Bonus and welfare funds |
|
|
|
|
II. Long-Term
Liabilities |
9,679,000,000 |
15,351,000,000 |
1,300,000,000 |
|
1. Long-term accounts payable to suppliers |
0 |
0 |
0 |
|
2. Long-term inter-company payable |
0 |
0 |
0 |
|
3. Other long-term payable |
0 |
0 |
0 |
|
4. Long-term debts and loans |
9,679,000,000 |
15,351,000,000 |
0 |
|
5. Deferred income tax payable |
0 |
0 |
0 |
|
6. Provisions for unemployment allowances |
0 |
0 |
0 |
|
7. Provisions for long-term accounts payable |
0 |
0 |
1,300,000,000 |
|
8. Unearned Revenue |
|
|
|
|
9. Science and technology development fund |
|
|
|
|
B- OWNER’S
EQUITY |
114,571,000,000 |
81,707,000,000 |
59,164,000,000 |
|
I. OWNER’S EQUITY
|
114,571,000,000 |
81,707,000,000 |
59,164,000,000 |
|
1. Capital |
90,337,000,000 |
70,558,000,000 |
40,089,000,000 |
|
2. Share premiums |
0 |
0 |
1,814,000,000 |
|
3. Other sources of capital |
0 |
0 |
0 |
|
4. Treasury stocks |
0 |
0 |
0 |
|
5. Differences on asset revaluation |
0 |
0 |
0 |
|
6. Foreign exchange differences |
0 |
0 |
0 |
|
7. Business promotion fund |
0 |
0 |
0 |
|
8. Financial reserved fund |
0 |
0 |
0 |
|
9. Other funds |
0 |
0 |
0 |
|
10. Retained earnings |
24,234,000,000 |
11,149,000,000 |
17,261,000,000 |
|
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 |
|
TOTAL
LIABILITIES AND OWNER’S EQUITY |
238,244,000,000 |
171,889,000,000 |
91,585,000,000 |
|
|
|||
|
PROFIT
& LOSS STATEMENT |
|||
|
|
|||
|
Description |
FY2011 |
FY2010 |
FY2009 |
|
1. Total Sales |
468,617,000,000 |
239,482,000,000 |
167,632,000,000 |
|
2. Deduction item |
32,743,000,000 |
15,003,000,000 |
10,923,000,000 |
|
3. Net revenue |
435,874,000,000 |
224,479,000,000 |
156,709,000,000 |
|
4. Costs of goods sold |
391,199,000,000 |
198,469,000,000 |
140,546,000,000 |
|
5. Gross profit |
44,675,000,000 |
26,010,000,000 |
16,163,000,000 |
|
6. Financial income |
1,619,000,000 |
120,000,000 |
61,000,000 |
|
7. Financial expenses |
18,389,000,000 |
8,294,000,000 |
2,394,000,000 |
|
- In which: Loan interest expenses |
12,354,000,000 |
0 |
0 |
|
8. Selling expenses |
4,790,000,000 |
2,766,000,000 |
2,138,000,000 |
|
9. Administrative overheads |
7,463,000,000 |
7,295,000,000 |
3,962,000,000 |
|
10. Net operating profit |
15,652,000,000 |
7,775,000,000 |
7,730,000,000 |
|
11. Other income |
7,103,000,000 |
5,188,000,000 |
7,267,000,000 |
|
12. Other expenses |
4,522,000,000 |
1,815,000,000 |
2,799,000,000 |
|
13. Other profit /(loss) |
2,581,000,000 |
3,373,000,000 |
4,468,000,000 |
|
14. Total accounting profit before tax |
18,233,000,000 |
11,148,000,000 |
12,198,000,000 |
|
15. Current corporate income tax |
0 |
|
105,000,000 |
|
16. Deferred corporate income tax |
0 |
|
0 |
|
17. Interest from subsidiaries/related companies |
|
|
|
|
18. Profit after tax |
18,233,000,000 |
11,148,000,000 |
12,093,000,000 |
|
|
||||
FINANCIAL RATIOS AND AVERAGE INDUSTRY RATIOS
|
||||
|
|
||||
|
Description |
FY2011 |
FY2010 |
FY2009 |
Average Industry |
|
Current liquidity ratio |
1.13 |
1.05 |
1.27 |
1.21 |
|
Quick liquidity ratio |
0.24 |
0.19 |
0.33 |
0.41 |
|
Inventory circle |
3.86 |
3.10 |
4.81 |
4.09 |
|
Average receive period |
12.54 |
6.83 |
8.45 |
35.22 |
|
Utilizing asset performance |
1.83 |
1.31 |
1.71 |
1.99 |
|
Liability by total assets |
51.91 |
52.47 |
35.40 |
64.75 |
|
Liability by owner's equity |
107.94 |
110.37 |
54.80 |
199.02 |
|
Ebit / Total assets (ROA) |
12.84 |
6.49 |
13.32 |
12.59 |
|
Ebit / Owner's equity (ROE) |
26.70 |
13.64 |
20.62 |
36.14 |
|
Ebit / Total revenue (NPM) |
6.53 |
4.66 |
7.28 |
6.48 |
|
Gross profit / Total revenue (GPM) |
9.53 |
10.86 |
9.64 |
12.11 |
|
Note: The Average Industry was calculated by VietnamCredit based on our own
statistical data |
||||
|
|
||||
PAYMENT HISTORY & PERFORMANCE EXPERIENCES
|
||
|
|
||
|
Trade Morality |
|
Normal |
|
Liquidity |
|
Medium |
|
Payment status |
|
Above Average |
|
Financial Situation |
|
Above Average |
|
Development trend |
|
Developing |
|
Litigation data |
|
No Record |
|
Bankruptcy |
|
No Record |
|
Payment Methods |
|
L/C , TT |
|
Sale Methods |
|
Wholesaler |
|
|
INTERPRETATION ON THE SCORES
|
|
|
|
Subject is a joint stock company which was
established in 2002 according to the business registration No. 0103001719. In 2009, this number was changed into
the same tax code No. 0101330741. After several times increase of capital,
current chartered capital of subject is VND 60 billion. Subject specializes in manufacturing and trading
animal feed. Besides, it also trades in agricultural products. Currently the subject
only imports and does not export. Its raw materials are imported from many
countries but a large amount from USA. Products are distributed almost of
provinces in Vietnam. However, the main output market is Northern provinces. Subject’s position is average in the industry.
Beside head office at Hanoi, subject has also a factory in Duy Tien Dist., Ha
Nam province. This factory has total area of 3.2 hectare. In August of 2010,
subject expanded production scale. The second line started operation with capacity
equaled four times compared with the first line. It seems modern with the
support of specialists from Denmark and United State of America. Total assets of the subject were increased year
after year. It reached VND 238.24
billion in 2011 (increased by 39% in comparison with 2010). Current liquidity
ratio was
acceptable. Because inventories had a high rate in current assets,
quick liquidity ratio was low. In 2011 the debt ratios went down slightly, and
lower than average industry. It shows that the subject’s capital structure is
rather safe and the subject had a high
self-finance ability. Total sales in 2011 nearly doubled that in
previous year. Profit was VND 18.23 billion (increased by 63.5% in comparison
with
2010). ROA, ROE were normal.
We conducted an interview with Ms. Tham (administration staff); she review
that the subject has improved well in 2012; however, the general market in
2013 is forecasted is difficult. The subject plans to focus on manufacturing
as good, not invest to expand business scale. In general, the subject is a medium size company.
It is developing step by step and it has capacity to meet all small financial
commitments. |
----------- 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) |
||
|
2011 |
2010 |
|||||
|
Agriculture,
Forestry and Fishing |
4.00 |
2.78 |
8,887 |
24,362.9 |
95,227 |
|
|
Industry and
Construction |
5.53 |
7.70 |
95,217 |
10,718.9 |
3,641,376 |
|
|
Trade and
Services |
6.69 |
7.52 |
187,195 |
15,270.2 |
6,957,082 |
|
|
|
||||||
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.54.64 |
|
|
1 |
Rs.87.45 |
|
Euro |
1 |
Rs.72.65 |
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.