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Report Date : |
23.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
LY GIA PHAT PRODUCT EXPORT IMPORT CO LTD |
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|
|
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Registered Office : |
33 Tran Van Giap St, Tan Phu Dist, Ho Chi Minh |
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Country : |
Viet Nam |
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Date of Incorporation : |
03.04.2013 |
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Legal Form : |
Private Company |
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|
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Line of Business : |
The Primary Business Focus of LY GIA PHAT PRODUCT EXPORT IMPORT
CO LTD is Importing - Finished Products. |
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No. of Employees : |
3 |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
-- |
NB |
New Business |
-- |
|
Status : |
New Business |
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|
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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) |
|
Viet Nam |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
VIET NAM - 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 |
: |
LY GIA PHAT PRODUCT EXPORT IMPORT CO LTD |
|
Address |
: |
49 Duong Khue St Hiep Tan Ward, Tan Phu Dist, Ho Chi Minh |
|
Country |
: |
Vietnam |
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Phone (S) |
: |
[+84] 8-22440128 |
|
Facsimile |
: |
[+84] 8-38605638 |
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Primary Business Activity |
: |
Importer |
|
Key Industry |
: |
Food Products |
Key Person
|
Legal Title |
: |
Managing Director |
|
Name |
: |
Mr. Ly Han Boi |
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Nationality |
: |
Vietnamese |
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COMPANY DIRECTORS |
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REPUTATION |
|
Due to the recent incorporation of the LY GIA PHAT PRODUCT
EXPORT IMPORT 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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Capital |
: |
US$ 47,610 |
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CAPITAL (Currency: VND - Vietnam Dong) |
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SHAREHOLDERS |
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DOMESTIC SALES & PURCHASES |
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PAYMENT TERMS |
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Selling |
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||||||
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Purchasing |
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N/a
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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. |
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Today's Exchange rate |
: |
|
|
Key
Facts |
||
|
Registered Legal Address |
: |
33 Tran Van Giap St, Tan Phu Dist, Ho Chi Minh |
|
Operational Address |
: |
49 Duong Khue St Hiep Tan Ward, Tan Phu Dist, Ho Chi Minh |
|
Issuing Authority |
: |
Dept. of Planning & Investment - Ho Chi Minh |
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License Number |
: |
0312218467 |
|
License Status |
: |
License exists - Normal. |
|
Legal Form - Category |
: |
Private Company with Limited Liability |
|
Legal Form |
: |
Company Limited |
|
Legal Form - Abbreviation |
: |
CO LTD |
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Operational Status of Business |
: |
Normal |
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Date of Registration |
: |
3 Apr, 2013 |
|
Employees |
: |
3 |
|
Report Details |
||
|
Country |
: |
Vietnam |
|
Business Entity Name |
: |
LY GIA PHAT PRODUCT EXPORT IMPORT CO LTD |
|
Primary Business Activity |
: |
Importer |
|
Primary Industry |
: |
Food Products |
|
Office Contact Details |
||
|
Operating Address |
: |
49 Duong Khue St Hiep Tan Ward, Tan Phu Dist, Ho Chi Minh |
|
Tel |
: |
[+84] 8-22440128 |
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Fax |
: |
[+84] 8-38605638 |
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Primary Products
|
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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 |
|
The primary business focus of LY GIA PHAT PRODUCT EXPORT
IMPORT CO LTD is Importing - Finished products.
|
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BANK DETAILS |
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INTERNATIONAL TRADE - Activity & Markets |
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|
Country / Region |
Estimated level of importance |
Trading Activity |
|
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Asia / Pacific |
Medium |
Importing |
|
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North America |
Medium |
Importing |
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Japan |
Medium |
Importing |
|
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USA |
Medium |
Importing |
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REAL ESTATE OWNERSHIP |
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The following property / ies
are owned by LY GIA PHAT PRODUCT EXPORT IMPORT CO LTD : |
||||||||||||
|
N/a
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.24 |
|
|
1 |
Rs.99.89 |
|
Euro |
1 |
Rs.84.22 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.