MIRA
INFORM REPORT
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Report Date : |
30.11.2013 |
IDENTIFICATION DETAILS
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Name : |
CAT KHANH CO LTD |
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Registered Office : |
Group 7 Chi Dong Town, Me Linh, Hanoi |
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Country : |
Vietnam |
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Financials (as on) : |
December 2012 |
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Date of Incorporation : |
11.08.2011 |
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Legal Form : |
Private Company with Limited Liability |
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Line of Business : |
Manufacturer of Medical Equipment & Pharmaceutical products |
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No. of Employees : |
20 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 30th, 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 policy away 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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Company Details |
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Organization
Name |
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CAT
KHANH CO LTD |
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Name in Local Language |
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CONG
TY TNHH CAT KHANH |
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Address |
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Group
7 Chi Dong Town, Me Linh, Hanoi |
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Country |
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Vietnam |
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Phone
(S) |
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[+84]
4-38134003 |
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Email |
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Website |
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Primary Business Activity |
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Manufacturer |
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Key
Industry |
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Medical
Equipment & Pharmaceutical |
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Key
Facts |
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Registered Legal Address |
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Group
7 Chi Dong Town, Me Linh, Hanoi |
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Issuing
Authority |
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Dept.
of Planning & Investment - Hanoi |
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License
Number |
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2500235109 |
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License
Status |
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License
exists - Normal |
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Legal
Form – Category |
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Private
Company with Limited Liability |
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Legal
Form |
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Company
Limited |
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Legal
Form - Abbreviation |
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CO
LTD |
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Operational
Status of Business |
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Normal |
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Date
of Registration |
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11
Aug, 2011 |
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Employees |
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20 |
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Capital |
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US$
142,110 |
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Report Details |
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DIRECTORS/MANAGEMENT
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COMPANY DIRECTORS |
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NEGATIVE INFORMATION
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REPUTATION |
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Due to the recent incorporation of the CAT KHANH CO LTD, and the
relatively small nature of its business, no meaningful points of reference in
terms of reputation within the respective industry was possible. |
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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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PAYMENT INFORMATION
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PAYMENT TERMS |
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Selling |
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Purchasing |
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FINANCIAL INFORMATION
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Financials - Summary (Currency: USD - US Dollar)
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FINANCIAL STATEMENT - DETAILED |
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Balance Sheet |
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Income Statement |
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Financial Ratios |
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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. Although financials were obtained for reference. |
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ADDITIONAL INFORMATION
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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 CAT KHANH CO LTD is Manufacturing -
Finished products. ·
Pharmaceutical products ·
Essential oils
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Distribution |
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Supplementary Business |
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In addition to the core business, CAT KHANH CO LTD also is engaged in
the following areas of business: 1.
Exporting
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Exporting - Finished products 2.
Importing
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Importing - Raw materials |
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DOMESTIC SALES & PURCHASES |
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BANK DETAILS |
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INTERNATIONAL TRADE - Activity & Markets |
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FACTORIES, SIZE, & LOCATIONS |
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The following information relates to the Business Entity's factory as
listed above: |
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PREVIOUS BUSINESS LICENSE/S |
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REAL ESTATE OWNERSHIP |
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The following property / ies are owned by CAT KHANH CO LTD : |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.62.39 |
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UK Pound |
1 |
Rs.102.06 |
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Euro |
1 |
Rs.84.98 |
INFORMATION DETAILS
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Report
Prepared by : |
MNL |
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 |
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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.