MIRA
INFORM REPORT
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Report Date : |
07.02.2014 |
IDENTIFICATION DETAILS
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Name : |
VIETNAM MADE CO LTD |
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Registered Office : |
Lb 29, Rd 24 An Phu Ward, District 2, Ho Chi Minh |
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Country : |
Vietnam |
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Date of Incorporation : |
15.07.2013 |
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Legal Form : |
Private Company with Limited Liability |
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Line of Business : |
manufacturer of compact diesel engines (from
5hp-35hp) and agricultural machinery in Vietnam. |
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No. of Employees : |
10 |
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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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
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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 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
|
Organization Name |
: |
VIETNAM MADE CO LTD |
|
Address |
: |
Lb 29, Rd 24 An Phu Ward, District 2, Ho Chi Minh |
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Country |
: |
Vietnam |
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Phone (S) |
: |
[+84] 8-66743027 |
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Facsimile |
: |
[+84] 8-37407818 |
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Email |
: |
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|
Website |
: |
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Primary Business Activity |
: |
manufacturer of compact diesel engines (from
5hp-35hp) and agricultural machinery in Vietnam. |
|
Registered Legal Address |
: |
Lb 29, Rd 24 An Phu Ward,
District 2, Ho Chi Minh |
|
Operational Address |
: |
Lb 29, Rd 24 An Phu Ward, District 2, Ho Chi Minh |
|
Issuing Authority |
: |
Dept. of Planning & Investment - Ho Chi Minh |
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License Number |
: |
0312355015 |
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License Status |
: |
License exists - Normal. |
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Legal Form - Category |
: |
Private Company with Limited Liability |
|
Legal Form |
: |
Company Limited |
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Legal Form - Abbreviation |
: |
CO LTD |
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Operational Status of Business |
: |
Normal |
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Date of Registration |
: |
15 Jul, 2013 |
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Employees |
: |
10 |
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Capital |
: |
US$ 85,356 |
DIRECTORS/MANAGEMENT
|
COMPANY
DIRECTORS |
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NEGATIVE INFORMATION
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REPUTATION |
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Due to the recent incorporation of the VIETNAM MADE 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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SHARE & SHARE CAPITAL
INFORMATION
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CAPITAL (Currency: VND - Vietnam Dong) |
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SHAREHOLDERS
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Total number of shareholders |
: |
1 |
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Total number of shares |
: |
n/a |
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No. |
Shareholders |
Country |
Shares |
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Number |
Amount (VND) |
% |
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1 |
Ms. Pham Thi Thanh Ha |
Vietnam |
n/a |
n/a |
100.00 |
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Total |
n/a |
n/a |
100.00 |
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Based on corporate statutory laws / regulations in Vietnam, there is
no requirement for public disclosure of Shareholders. In this case, the Shareholders
information was supplied by the Subject Business Entity. |
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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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
|
Country |
: |
Vietnam |
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Business Entity Name |
: |
VIETNAM MADE CO LTD |
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Primary Business Activity |
: |
Exporter |
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Primary Industry |
: |
Machinery |
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Office Contact Details |
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Operating Address |
: |
Lb 29, Rd 24 An Phu Ward, District 2, Ho Chi Minh |
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Tel |
: |
[+84] 8-66743027 |
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Mobile |
: |
[+84]-975508866 |
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Fax |
: |
[+84] 8-37407818 |
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Email |
: |
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Website Details |
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Website |
: |
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Status |
: |
Normal - operational |
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Country of Registration |
: |
Vietnam |
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Ownership Type |
: |
Registered ownership by Subject Business Entity |
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Tax / VAT Details |
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Tax Issuing Authority |
: |
Ministry of Finance |
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Local Name Used |
: |
Gia Trj Gia Tang (Value Added Tax) |
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Acronym |
: |
GTGT / VAT |
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GTGT / VAT Number |
: |
0312355015 |
Primary Products
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Products / Materials / Services Description |
Activity |
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Agricultural equipment |
Exporting |
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Agricultural machinery |
Exporting |
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Diesel engines |
Exporting |
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Industrial equipment |
Exporting |
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Industrial machinery |
Exporting |
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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 VIETNAM MADE
CO LTD is Exporting - Finished products. Agricultural equipment Agricultural machinery Diesel engines Industrial equipment Industrial machinery |
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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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Africa |
Medium |
Exporting |
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Asia / Pacific |
Medium |
Exporting |
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Middle-East |
Medium |
Exporting |
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North America |
Medium |
Exporting |
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Benin |
Medium |
Exporting |
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Brazil |
Medium |
Exporting |
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Cambodia |
Medium |
Exporting |
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Canada |
Medium |
Exporting |
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Chile |
Medium |
Exporting |
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Dominican Republic |
Medium |
Exporting |
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Guatemala |
Medium |
Exporting |
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Haiti |
Medium |
Exporting |
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India |
Medium |
Exporting |
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Indonesia |
Medium |
Exporting |
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Iran |
Medium |
Exporting |
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Iraq |
Medium |
Exporting |
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Japan |
Medium |
Exporting |
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Korea, South (Republic of Korea) |
Medium |
Exporting |
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Laos |
Medium |
Exporting |
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Madagascar |
Medium |
Exporting |
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Malaysia |
Medium |
Exporting |
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Myanmar |
Medium |
Exporting |
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Nigeria |
Medium |
Exporting |
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Panama |
Medium |
Exporting |
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Philippines |
Medium |
Exporting |
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Sri Lanka |
Medium |
Exporting |
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Thailand |
Medium |
Exporting |
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United Arab Emirates |
Medium |
Exporting |
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Yemen (Sanna) |
Medium |
Exporting |
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REAL ESTATE OWNERSHIP |
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The following property / ies are owned by VIETNAM MADE CO LTD : |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
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US Dollar |
1 |
Rs.62.50 |
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UK Pound |
1 |
Rs.101.92 |
|
Euro |
1 |
Rs.84.50 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
-- |
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.