MIRA
INFORM REPORT
|
Report Date : |
05.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
ANH QUAN INTERNATIONAL TRADING CO LTD |
|
|
|
|
Registered Office : |
6, Lane 44/11, To Ngoc Van St Quang An Ward, Tay Ho, Hanoi |
|
|
|
|
Country : |
Vietnam |
|
|
|
|
Date of Incorporation : |
25.06.2013 |
|
|
|
|
Legal Form : |
Private Company with Limited Liability |
|
|
|
|
Line of Business : |
· Trader of Frozen seafood products Exporter & Importer of Natural food items,
Unprocessed (Meats, Produce or Seafood) |
|
|
|
|
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 : |
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 – 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 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%.
|
Source : CIA |
REGISTERED NAME & COMPANY
SUMMARY
|
Company Details |
||
|
Organization
Name |
: |
ANH
QUAN INTERNATIONAL TRADING CO LTD |
|
Address |
: |
6,
Lane 44/11, To Ngoc Van St Quang An Ward, Tay Ho, Hanoi |
|
Country |
: |
Vietnam |
|
Phone
(S) |
: |
[+84]
4-37185667 |
|
Facsimile |
: |
[+84]
4-37185786 |
|
Email |
: |
|
|
Primary Business Activity |
: |
Trader |
|
Key Industry |
: |
Seafood
& Fishing Industry |
|
Key Facts |
|||||
|
Registered Legal Address |
: |
6,
Lane 44/11, To Ngoc Van St Quang An Ward, Tay Ho, Hanoi |
|||
|
Operational
Address |
: |
6,
Lane 44/11, To Ngoc Van St Quang An Ward, Tay Ho, Hanoi |
|||
|
Trading
Name |
: |
ANH
QUAN INTETRA |
|||
|
Issuing
Authority |
: |
Department
of Planning and Investment - National |
|||
|
License
Number |
: |
0103472639 |
|||
|
License
Status |
: |
License
exists - Normal. |
|||
|
Legal
Form - Category |
: |
Private
Company with Limited Liability |
|||
|
Legal
Form |
: |
Company
Limited |
|||
|
Legal Form - Abbreviation |
: |
CO LTD |
|||
|
Operational Status of Business |
: |
Normal |
|||
|
Date of Registration |
: |
25 Jun, 2013 |
|||
|
Employees |
: |
10 |
|||
|
Capital |
: |
US$ 710,550 |
|||
|
|
Report Details |
|
||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
DIRECTORS/MANAGEMENT
|
|
COMPANY MANAGEMENT |
|||||||||||||||
|
|
|
|||||||||||||||
|
|
Management Listings |
|||||||||||||||
|
|
|
|||||||||||||||
|
|
||||||||||||||||
|
|
|
|||||||||||||||
|
|
COMPANY DIRECTORS |
|||||||||||||||
|
|
|
|||||||||||||||
NEGATIVE INFORMATION
|
|
REPUTATION |
|
|
Reference checking for the purpose of establishing the ANH QUAN
INTERNATIONAL TRADING CO LTD's reputation within the respective industry
failed to reveal any adverse information. |
|
|
NEGA-SCAN - ADVERSE DATA MONITORING |
|
SHARE & SHARE CAPITAL
INFORMATION
|
|
CAPITAL (Currency: VND - Vietnam Dong) |
||||||
|
|
|
||||||
|
|
|
||||||
|
|
SHAREHOLDERS |
||||||
|
|
Not available - According to the corporate statutory laws for this
type of Legal Form - Category (Private Company with Limited Liability) in
Vietnam, there is no public disclosure of Shareholders. |
PAYMENT INFORMATION
|
|
PAYMENT TERMS |
||||||||||
|
|
Selling |
||||||||||
|
|
|
||||||||||
|
|
Purchasing |
||||||||||
|
|
|
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. |
ADDITIONAL INFORMATION
Primary Products
|
Products / Materials / Services Description |
Activity |
|
Frozen seafood products |
Trading |
|
|
SIC PRODUCT CLASSIFICATION & ACTIVITY |
|||||||||
|
|
|
|||||||||
|
|
|
|
|
|
|||||||||
|
|
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY |
|||||||||
|
|
|
|||||||||
|
|
|
|
|
|
|
|
CORE BUSINESS DESCRIPTION |
|
|
|
|
|
Core Business |
|
|
The primary business focus of ANH QUAN INTERNATIONAL TRADING CO LTD is
Trading - Finished products. ·
Frozen seafood products |
|
|
|
|
|
Supplementary Business |
|
|
In addition to the core business, ANH QUAN INTERNATIONAL TRADING CO
LTD also is engaged in the following areas of business: 1.
Exporting
·
Exporting - Natural food items,
Unprocessed (Meats, Produce or Seafood) 2.
Importing
·
Importing - Natural food items,
Unprocessed (Meats, Produce or Seafood) |
|
|
|
||||||||||||||||||||||||||||||||||
|
|
DOMESTIC SALES & PURCHASES |
||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||
|
|
BANK DETAILS |
||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||
|
|
INTERNATIONAL TRADE - Activity & Markets |
||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||
|
|
|
|
|
|
||||
|
|
COMPANY HISTORY |
||||
|
|
|
||||
|
|
|
|
|
|
||||
|
|
PREVIOUS BUSINESS LICENSE/S |
||||
|
|
|
||||
|
|
|
|
|
|
||||||||||||
|
|
REAL ESTATE OWNERSHIP |
||||||||||||
|
|
|
||||||||||||
|
|
The following property / ies are owned by ANH QUAN INTERNATIONAL
TRADING CO LTD : |
||||||||||||
|
|
|
||||||||||||
|
|
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.41 |
|
UK Pound |
1 |
Rs.99.29 |
|
Euro |
1 |
Rs.83.68 |
INFORMATION DETAILS
|
Report
Prepared by : |
MNL |
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.