|
Report Date : |
15.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
ECLIPSE CORPORATION |
|
|
|
|
Registered Office : |
Ground Floor, Viconship Saigon Building, No. 6-8 Doan Van Bo Street,
Ward 9, District 4, Ho Chi Minh City |
|
|
|
|
Country : |
Vietnam |
|
|
|
|
Date of Incorporation : |
17.08.2010 |
|
|
|
|
Com. Reg. No.: |
0310257069 |
|
|
|
|
Legal Form : |
Joint stock company |
|
|
|
|
Line of Business : |
Subject specializes in logistics service. |
|
|
|
|
No. of Employees : |
12 |
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 |
|
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 |
SUBJECT
IDENTIFICATION & LEGAL FORM
|
||
|
|
||
|
English Name |
|
ECLIPSE CORPORATION |
|
Vietnamese Name |
|
CONG TY CO PHAN NHAT THUC |
|
Short name |
|
ECLIPSE CORP |
|
Type of Business |
|
Joint stock company |
|
Year Established |
|
2010 |
|
Business Registration No. |
|
0310257069 |
|
Date of Registration |
|
17 Aug 2010 |
|
Date of
the latest adjustment (1st) |
|
19 Dec
2012 |
|
Place of Registration |
|
Business Registration Office of Planning
and Investment Department of Hochiminh City |
|
Chartered capital |
|
VND 4,000,000,000 |
|
Tax code |
|
0310257069 |
|
Total Employees |
|
12 |
|
|
||
ADDRESSES
|
||
|
|
||
|
Head Office |
||
|
Address |
|
Ground Floor, Viconship Saigon Building,
No. 6-8 Doan Van Bo Street, Ward 9, District 4, Ho Chi Minh City, Vietnam |
|
Telephone |
|
(84-8) 6261 6195 - 6261 6193 |
|
Fax |
|
(84-8) 6261 6186 |
|
|
||
DIRECTORS
|
||
|
|
||
|
1.
NAME |
|
Mr.
LE NGOC ANH |
|
Position |
|
Director |
|
Date of Birth |
|
11 Oct 1978 |
|
ID Number/Passport |
|
023277192 |
|
ID Issue Date |
|
23 Mar 1996 |
|
ID Issue Place |
|
Police station of Ho
Chi Minh City |
|
Resident |
|
No. 383Bis Ben Chuong
Duong Street, Cau Kho Ward, District 1, Ho Chi Minh City, Vietnam |
|
Nationality |
|
Vietnamese |
|
Qualification |
|
Management |
|
|
||
|
2.
NAME |
|
Ms.
TRAN NGUYEN THUY DIEU |
|
Position |
|
Chief Accountant |
|
Current resident |
|
Ho Chi Minh City, Vietnam |
|
Nationality |
|
Vietnamese |
|
Email |
|
|
|
Qualification |
|
Accounting |
|
|
||
BUSINESS NATURE AND
ACTIVITIES
|
|
|
|
Subject
specializes in logistics service. |
|
|
IMPORT & EXPORT
ACTIVITIES
|
|
|
|
IMPORT: |
|
Note: N/A |
|
|
|
EXPORT: |
|
Note: N/A |
|
|
||
BANKERS
|
||
|
|
||
|
ASIA
COMMERCIAL BANK KHANH HOI BRANCH |
||
|
Address |
|
No.130 Khanh Hoi, Ward 6, District 4, Ho Chi Minh City, Vietnam |
|
Telephone |
|
(84-8) 5401 1224 |
|
Fax |
|
(84-8) 5401 1225 |
|
|
||
SHAREHOLDERS
|
||
|
|
||
|
1.
NAME |
|
Mr.
LE NGOC ANH |
|
Position |
|
Director |
|
Date of Birth |
|
11 Oct 1978 |
|
ID Number/Passport |
|
023277192 |
|
Issued on |
|
23 Mar 1996 |
|
Issued Place |
|
Police station of Ho Chi Minh City |
|
Resident |
|
No. 383Bis Ben Chuong Duong Street, Cau Kho
Ward, District 1, Ho Chi Minh City, Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
VND 1,200,000,000 |
|
Percentage |
|
30% |
|
|
||
|
2.
NAME |
|
Mr.
NGUYEN CONG BINH |
|
ID Number/Passport |
|
020990714 |
|
Issued Place |
|
Police station of Ho Chi Minh City |
|
Resident |
|
No. 281/58/3 Le Van Sy Street, Ward 1, Tan
Binh District, Ho Chi Minh City, Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
VND 2,400,000,000 |
|
Percentage |
|
60% |
|
|
||
|
3.
NAME |
|
Mr.
NGUYEN KHOA VINH |
|
ID Number/Passport |
|
025176338 |
|
Issued Place |
|
Police station of Ho Chi Minh City |
|
Resident |
|
No. 72/490A Phan Huy Ich Street, Ward 12,
Go Vap District, Ho Chi Minh City, Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
VND 400,000,000 |
|
Percentage |
|
10% |
|
|
||
FINANCIAL DATA
|
|
Not available! |
|
|
PAYMENT HISTORY & PERFORMANCE EXPERIENCES
|
||
|
|
||
|
Trade Morality |
|
Normal |
|
Liquidity |
|
N/A |
|
Payment status |
|
N/A |
|
Financial Situation |
|
Below average |
|
Development trend |
|
N/A |
|
Litigation data |
|
No Record |
|
Bankruptcy |
|
No Record |
|
Payment Methods |
|
Cash and through the bank |
|
Sale Methods |
|
To contracts |
|
|
INTERPRETATION ON
THE SCORES
|
|
|
|
ECLIPSE CORPORATION was
established in 2010 under business registration number 0310257069 and chartered capital VND 4,000,000,000.
Mr. Le Ngoc Anh is legal director of subject. Subject located at Ground Floor,
Viconship Saigon Building, No. 6-8 Doan Van Bo Street, Ward 9, District 4, Ho
Chi Minh City. Facility and premise of subject is fair. Subject specializes
in logistics service. It provides
import – export service by seaway for many companies all over the world. In general, subject is a small – young
company in this field so data of subject is not much. According to Ms. Tran
Nguyen Thuy Dieu – chief accountant of subject, it has about 12 persons now.
It needs more time to develop and expand its market share in Vietnam. In our opinion, it has capacity to meet small
transaction only. |
------------ APPENDIX
1 ----------
|
INDUSTRY
DATA |
||||||
|
|
||||||
|
Industry
code |
GDP
growth speed by price compared with 1994 (%) |
Total
enterprises 2010 |
Total
employees 2011 (Thous.pers.) |
Annual
average capital of enterprises 2010 (billion dongs) |
||
|
2012 |
2011 |
|||||
|
Agriculture,
Forestry and Fishing |
2.72 |
4.00 |
8,887 |
24,362.9 |
95,227 |
|
|
Industry
and Construction |
4.52 |
5.53 |
95,217 |
10,718.9 |
3,641,376 |
|
|
Trade
and Services |
6.42 |
6.69 |
187,195 |
15,270.2 |
6,957,082 |
|
|
|
||||||
|
ECONOMIC
INDICATORS |
||||||
|
|
||||||
|
|
2012 |
2011 |
2010 |
|||
|
Population (Million person) |
88.78 |
87.84 |
86.93 |
|||
|
Gross Domestic Products (USD
billion) |
136 |
119 |
102.2 |
|||
|
GDP Growth (%) |
5.03 |
5.89 |
6.78 |
|||
|
GDP Per Capita
(USD/person/year) |
1,540 |
1,300 |
1,160 |
|||
|
Inflation (% Change in
Composite CPI) |
9.21 |
18.58 |
11.75 |
|||
|
State Budget Deficit compared
with GDP (%) |
4.8 |
4.9 |
5.8 |
|||
|
|
||||||
|
SERVICE
TRADE PERFORMANCE |
||||||
|
|
||||||
|
Billion USD |
2012 |
2011 |
2010 |
|||
|
Exports |
114.6 |
96.3 |
72.2 |
|||
|
Imports |
114.3 |
105.8 |
84.8 |
|||
|
Trade Balance |
0.3 |
-9.5 |
-12.6 |
|||
Source: General
Statistics Office
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.61.30 |
|
UK Pound |
1 |
Rs.97.98 |
|
Euro |
1 |
Rs.83.14 |
INFORMATION DETAILS
|
Report
Prepared by : |
NLM |
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.