|
Report Date : |
16.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
HOAI NGUYEN CO LTD |
|
|
|
|
Registered Office : |
307/7 Bau Cat St Ward 12, Tan Binh Dist, Ho Chi Minh |
|
|
|
|
Country : |
Vietnam |
|
|
|
|
Year of Establishments: |
2010 |
|
|
|
|
Legal Form : |
Private Company with Limited Liability |
|
|
|
|
Line of Business : |
Importer of Garment products & Fabrics |
|
|
|
|
No. of Employees : |
06 |
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 $6.5 billion in new development assistance
for 2013. Hanoi has oscillated between promoting growth and emphasizing macroeconomic
stability in recent years. In February 2011, the government shifted from
policies aimed at achieving a high rate of economic growth, which had stoked
inflation, to those aimed at stabilizing the economy, through tighter monetary
and fiscal control. Although Vietnam unveiled a broad, "three pillar"
economic reform program in early 2012, proposing the restructuring of public
investment, state-owned enterprises, and the banking sector, little perceptible
progress had been made by early 2013. Vietnam's economy continues to face
challenges from an undercapitalized banking sector. Non-performing loans weigh
heavily on banks and businesses. In September 2012, the official bad debt ratio
climbed to 8.8%, though some independent analysts believe it could be higher
than 15%.
|
Source : CIA |
|
Company Details |
||
|
Organization
Name |
: |
HOAI
NGUYEN CO LTD |
|
Address |
: |
307/7
Bau Cat St Ward 12, Tan Binh Dist, Ho Chi Minh |
|
Country |
: |
Vietnam |
|
Phone
(S) |
: |
[+84]
8-38911222 |
|
Facsimile |
: |
[+84]
8-38911222 |
|
Primary
Business Activity |
: |
Importer |
|
Key
Industry |
: |
Garments
& Accessories |
Key Person
|
Legal Title |
: |
Managing Director |
|
Name |
: |
Mr. Nguyen Trong Tan |
|
Nationality |
: |
Vietnamese |
|
COMPANY
DIRECTORS |
|||||||||||||||
|
|
REPUTATION |
|
Reference checking for the purpose of establishing the HOAI NGUYEN CO
LTD's reputation within the respective industry failed to reveal any adverse
information. |
|
NEGA-SCAN - ADVERSE DATA MONITORING |
|
|
SHAREHOLDERS |
|
|||||
|
Not available - According to the corporate statutory laws for this
type of Legal Form - Category (Private Company with Limited Liability) in
Vietnam, there is no public disclosure of Shareholders. |
|
|||||
|
Capital |
: |
US$ 95,220 |
|||||
|
CAPITAL (Currency: VND - Vietnam Dong) |
|
|||||
|
|
|
|||||
|
DOMESTIC SALES & PURCHASES |
||||||||||
|
||||||||||
|
||||||||||
|
PAYMENT TERMS |
||||||||||
|
Selling |
||||||||||
|
||||||||||
|
Purchasing |
||||||||||
|
|
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. |
|
Key Facts |
||
|
Registered Legal Address |
: |
307/7
Bau Cat St Ward 12, Tan Binh Dist, Ho Chi Minh |
|
Operational Address |
: |
307/7
Bau Cat St Ward 12, Tan Binh Dist, Ho Chi Minh |
|
Issuing Authority |
: |
Dept.
of Planning & Investment - Ho Chi Minh |
|
License
Number |
: |
0305240831 |
|
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 |
: |
2010 |
|
Employees |
: |
6 |
|
Report Details |
||
|
Country |
: |
Vietnam |
|
Business Entity Name |
: |
HOAI NGUYEN CO LTD |
|
Primary Business Activity |
: |
Importer |
|
Primary Industry |
: |
Garments & Accessories |
|
Office Contact Details |
||
|
Operating Address |
: |
307/7 Bau Cat St Ward 12, Tan Binh Dist, Ho Chi Minh |
|
Tel |
: |
[+84] 8-38911222 |
|
Mobile |
: |
[+84]-986979378 |
|
Fax |
: |
[+84] 8-38911222 |
|
Primary Products
|
|
SIC PRODUCT CLASSIFICATION & ACTIVITY |
||||||||||||||||||||||||
|
|
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY |
||||||||||||||||||
|
|
CORE BUSINESS DESCRIPTION |
|
Core Business |
|
The primary business focus of HOAI NGUYEN CO LTD is Importing -
Finished products.
|
|
Supplementary Business |
|
In addition to the core business, HOAI NGUYEN CO LTD also is engaged in
the following areas of business:
|
|
BANK DETAILS |
|||||||||||||||
|
|
INTERNATIONAL TRADE - Activity & Markets |
||
|
Country / Region |
Estimated level of importance |
Trading Activity |
|
Asia / Pacific |
Medium |
Importing |
|
China |
Medium |
Importing |
|
Korea, South (Republic of Korea) |
Medium |
Importing |
|
OFFICE & FACILITIES |
||||||||||||||||||
|
|
PREVIOUS CONTACT DETAILS |
||||||
|
|
PREVIOUS BUSINESS LICENSE/S |
||||
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.79 |
|
UK Pound |
1 |
Rs.100.70 |
|
Euro |
1 |
Rs.84.67 |
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.