|
Report Date : |
26.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
SPG INVESTMENT JSC |
|
|
|
|
Registered Office : |
14Fl TTC Bldg Duy Tan St Dich Vong Hau Ward, Cau Giay Dist, Hanoi |
|
|
|
|
Country : |
Vietnam |
|
|
|
|
Date of Incorporation : |
21.04.2008 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
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Line of Business : |
Manufacturer of Minerals / Mining |
|
|
|
|
No. of Employees : |
Not
Available |
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 : |
Unknown |
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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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 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%.
|
Source
: CIA |
|
Company Details |
||
|
Organization Name |
: |
SPG INVESTMENT JSC |
|
Address |
: |
14Fl TTC Bldg Duy Tan St Dich Vong Hau Ward, Cau Giay Dist, Hanoi |
|
Country |
: |
Vietnam |
|
Phone (S) |
: |
[+84] 4-37588286 Status: Telephone number working but no answer |
|
Facsimile |
: |
[+84] 4-37588296 Status: Normal |
|
Primary Business Activity |
: |
Manufacturer |
|
Key Industry |
: |
Minerals / Mining |
Operating Status:
Investigation can not confirm operational status of Subject Business Entity.
Investigations confirm the legal registration of the SPG INVESTMENT JSC, but as
a result of not being able to identify:
·
any
operational offices
·
any
point of contact
·
nor
speak to any representative of the firm
it has not been
possible to conduct the normal due diligence process and assessment of credit
worthiness.
|
Key Facts |
|
||||
|
Registered Legal Address |
: |
14Fl TTC Bldg Duy Tan St Dich Vong Hau Ward, Cau Giay Dist, Hanoi |
|||
|
Operational Address |
: |
14Fl TTC Bldg Duy Tan St Dich Vong Hau Ward, Cau Giay Dist, Hanoi |
|||
|
Issuing Authority |
: |
Dept. of Planning & Investment - Hanoi |
|||
|
License Number |
: |
0102728133 |
|||
|
License Status |
: |
License exists - But no trace of any Operational office. |
|||
|
Legal Form - Category |
: |
Joint Stock Company |
|||
|
Legal Form |
: |
Joint Stock Company |
|||
|
Legal Form - Abbreviation |
: |
JSC |
|||
|
Operational Status of Business |
: |
It was NOT possible to confirm the operational status.(1) |
|||
|
Date of Registration |
: |
21 Apr, 2008 |
|||
|
Capital |
: |
n/a(2) |
|||
|
Note |
: |
|
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Report Details
|
||||||||||||||||||||||||
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COMPANY
DIRECTORS |
||||||||||||
|
NEGA-SCAN -
ADVERSE DATA MONITORING
|
DISHONORED CHECKS |
|
No Record Found |
|
DEBT |
|
No Record Found |
|
LITIGATION |
|
No Record Found |
|
PERFORMANCE DEFAULTS |
|
No Record Found |
|
ADVERSE LOCAL MEDIA COVERAGE / ADVERSE FILING
HISTORY |
|
No Record Found |
SHAREHOLDERS
|
Not available - According to the corporate statutory laws for this
type of Legal Form - Category (Joint Stock Company) in Vietnam, there is no
public disclosure of Shareholders. |
Na
Na
|
FINANCIAL
STATEMENT - DETAILED |
|
Based on the corporate laws of Vietnam, legal entities which are Joint
Stock Company are not required to make public disclosure of their annual financials.
Therefore no financials are available for this entity. |
Na
Primary Products
|
Products /
Materials / Services Description |
Activity |
|
Minerals |
Manufacturing, Exporting |
|
Stones |
Manufacturing, Exporting |
|
SIC PRODUCT
CLASSIFICATION & ACTIVITY |
|||||||||
|
|
|||||||||
|
HARMONIZED PRODUCT
CLASSIFICATION & ACTIVITY
|
Product/Service
Description |
Code |
Activity |
|
Articles of stone or other mineral substance |
6815 |
Manufacturing, Exporting |
|
Excavation work |
9829 |
Service |
|
Mineral substances nesoi |
2530 |
Manufacturing, Exporting |
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
|
Products /
Materials / Services Description |
Ranking |
Activity |
|
Mineral mining |
Secondary |
Service |
|
Core Business |
|
The primary business focus of SPG INVESTMENT JSC is Mining.
·
Minerals ·
Stones
·
Distribution |
Supplementary
Business
In addition to the core business, SPG INVESTMENT JSC also is engaged in
the following areas of business:
Exporting
·
Exporting - Semi-refined precious metals
Service
·
Specialized professional services, including:
o Minerals exploration
|
Branch |
: |
SPG INVESTMENT JSC - QUY HOP DIST, NGHE AN |
|
Branch Address |
: |
Khu Nha Khach Kim Loai Mau Khoi 3, Quy Hop Dist, Nghe An |
|
|
||
|
Branch |
: |
SPG INVESTMENT JSC - LUC YEN DIST, YEN BAI |
|
Branch Address |
: |
Hamlet 2 Tan Linh Commune, Luc Yen Dist, Yen Bai |
|
|
||
|
Branch |
: |
SPG INVESTMENT JSC - THUY NGUYEN DIST, HAIPHONG |
|
Branch Address |
: |
Nga ba Cong Chu Kenh Giang Commune, Thuy Nguyen Dist, Haiphong |
Na
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.58 |
|
|
1 |
Rs.101.42 |
|
Euro |
1 |
Rs.84.70 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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.