MIRA INFORM REPORT
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Report Date : |
09.04.2014 |
IDENTIFICATION DETAILS
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Name : |
HAI PHONG TRADING CONSTRUCTION NO 5 JSC |
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Registered Office : |
22 Vo Thi Sau St May To Ward, Ngo Quyen Dist, Hai Phong |
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Country : |
Vietnam |
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Date of Incorporation : |
17.10.2010 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Trader of Construction & Construction Materials |
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No. of Employees |
100 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limits : |
USD $100,000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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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 – december 01, 2013
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Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
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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 20% in 2013, while industry's share increased from 36% to more than 42% in the same period. State-owned enterprises account for about 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 2013 growing at 5%, the slowest rate of growth since 1999. In 2013, however, exports increased by more than 12%, 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 relatively stable in 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 has been made. Vietnam's economy continues to face challenges from an undercapitalized banking sector. Non-performing loans weigh heavily on banks and businesses
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Source
: CIA |
REGISTERED
NAME & COMPANY SUMMARY
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Company Details |
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Organization Name |
: |
HAI PHONG TRADING CONSTRUCTION NO 5 JSC |
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Address |
: |
22 Vo Thi Sau St May To Ward, Ngo Quyen Dist, Hai Phong |
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Country |
: |
Vietnam |
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Phone (S) |
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[+84] 31-3551237 |
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Facsimile |
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[+84] 31-3836101 |
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: |
vietracimexhp@hn.vnn.vn |
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Primary Business Activity |
: |
Trader |
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Key Industry |
: |
Construction & Construction Materials |
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Key Facts |
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Registered Legal Address |
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22 Vo Thi Sau St May To Ward, Ngo Quyen Dist, Hai Phong |
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Operational Address |
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22 Vo Thi Sau St May To Ward, Ngo Quyen Dist, Hai Phong |
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Trading Name |
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VIETRACIMEX HAI PHONG |
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Issuing Authority |
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Dept. of Planning & Investment - Hai Phong |
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License Number |
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0200375711 |
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License Status |
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License exists - Normal. |
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Legal Form - Category |
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Joint Stock Company |
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Legal Form |
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Joint Stock Company |
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Legal Form - Abbreviation |
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JSC |
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Operational Status of Business |
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Normal |
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Date of Registration |
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17 Oct, 2010 |
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Employees |
: |
100 |
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Capital |
: |
US$ 3,102,625 |
CREDIT
RECOMMENDATION
Current Credit Limit: USD $100,000
DIRECTORS/MANAGEMENT
Key Person
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Legal Title |
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Chairman |
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Name |
: |
Mr. Vo Nhat Thang |
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Nationality |
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Vietnamese |
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COMPANY MANAGEMENT |
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Management Listings |
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COMPANY DIRECTORS |
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NEGATIVE
INFORMATION
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REPUTATION |
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Reference checking for the purpose of establishing the HAI PHONG TRADING CONSTRUCTION NO 5 JSC's reputation within the respective industry failed to reveal any adverse information. |
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NEGA-SCAN - ADVERSE DATA MONITORING |
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SHARE
& SHARE CAPITAL INFORMATION
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SHAREHOLDERS |
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PAYMENT
INFORMATION
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DOMESTIC SALES & PURCHASES |
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PAYMENT TERMS |
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Selling |
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Purchasing |
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GROUP
STRUCTURE & AFFILIATED COMPANIES
N/a
FINANCIAL
INFORMATION
N/a
FOREIGN
EXCHANGE RATES
N/a
ADDITIONAL
INFORMATION
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Report Details |
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Primary Products
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Products / Materials / Services Description |
Activity |
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Asphalt mixtures |
Importing, Trading |
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Construction equipment |
Importing, Trading |
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Construction materials |
Importing, Trading |
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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 HAI PHONG TRADING
CONSTRUCTION NO 5 JSC is Trading - Finished products. Construction equipment Construction materials Asphalt mixtures |
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Supplementary Business |
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In addition to the core business, HAI PHONG TRADING CONSTRUCTION NO 5 JSC also is engaged in the following areas of business: Importing Importing - Finished products |
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BANK DETAILS |
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LOCAL BRANCHES & MANAGEMENT |
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INTERNATIONAL TRADE - Activity & Markets |
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OFFICE & FACILITIES |
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The following information relates to the Business Entity's office as listed above: |
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PREVIOUS BUSINESS LICENSE/S |
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NOTES
& COMMENTS
N/a
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.59.95 |
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1 |
Rs.99.36 |
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Euro |
1 |
Rs.82.15 |
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
NIS |
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.