MIRA
INFORM REPORT
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Report Date : |
16.01.2014 |
IDENTIFICATION DETAILS
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Name : |
VIETNAM YELLOW PHOSPHOROUS CO LTD |
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Registered Office : |
497 Le Thanh St Bac Cuong Ward, Lao Cai, Lao Cai |
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Country : |
Vietnam |
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Date of Incorporation : |
01.10.2010 |
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Legal Form : |
Company Limited |
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Line of Business : |
Manufacturer of Chemicals |
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No. of Employees : |
140 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 – September 30, 2013
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Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
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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 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%.
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Source
: CIA |
REGISTERED NAME & COMPANY
SUMMARY
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Organization Name |
: |
VIETNAM YELLOW PHOSPHOROUS CO LTD |
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Address |
: |
497 Le Thanh St Bac Cuong Ward, Lao Cai, Lao Cai |
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Country |
: |
Vietnam |
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Phone (S) |
: |
[+84] 20-3867168 |
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Facsimile |
: |
[+84] 20-3867468 |
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Primary Business Activity |
: |
Manufacturer |
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Key Industry |
: |
Chemicals |
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Registered Legal Address |
: |
497 Le Thanh St Bac Cuong Ward, Lao Cai, Lao Cai |
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Operational Address |
: |
497 Le Thanh St Bac Cuong Ward, Lao Cai, Lao Cai |
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Issuing Authority |
: |
Dept. of Planning & Investment - Lao Cai |
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License Number |
: |
5300461603 |
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License Status |
: |
License exists - Normal. |
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Legal Form - Category |
: |
Private Company with Limited Liability |
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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 |
: |
1 Oct, 2010 |
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Employees |
: |
140 |
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Capital |
: |
US$ 3,224,569 |
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Credit opinion |
: |
Credit can proceed on a favorable basis but in strict adherence to
financing terms. |
DIRECTORS/MANAGEMENT
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COMPANY
MANAGEMENT |
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Management
Listings |
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Management
Details - 1 |
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Management
Details - 2 |
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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 VIETNAM YELLOW
PHOSPHOROUS CO LTD's reputation within the respective industry failed to reveal
any adverse information. |
NEGA-SCAN -
ADVERSE DATA MONITORING
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DISHONORED CHECKS |
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No Record Found |
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DEBT |
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No Record Found |
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LITIGATION |
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No Record Found |
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PERFORMANCE DEFAULTS |
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No Record Found |
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ADVERSE LOCAL MEDIA COVERAGE / ADVERSE FILING
HISTORY |
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No Record Found |
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 |
: |
2 |
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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 |
Mr. Phan Kiem Diem |
Vietnam |
n/a |
n/a |
70.00 |
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2 |
Ms. Phan Thi Le Huong |
Vietnam |
n/a |
n/a |
30.00 |
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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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GROUP STRUCTURE & AFFILIATED
COMPANIES
N/a
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.
FOREIGN EXCHANGE RATES
N/a
ADDITIONAL INFORMATION
|
Country |
: |
Vietnam |
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Business Entity Name |
: |
VIETNAM YELLOW PHOSPHOROUS CO LTD |
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Primary Business Activity |
: |
Manufacturer |
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Primary Industry |
: |
Chemicals |
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Office Contact Details |
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Operating Address |
: |
497 Le Thanh St Bac Cuong Ward, Lao Cai, Lao Cai |
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Tel |
: |
[+84] 20-3867168 |
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Fax |
: |
[+84] 20-3867468 |
Primary Products
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Products / Materials / Services Description |
Activity |
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Phosphorus |
Manufacturing |
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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 YELLOW PHOSPHOROUS CO LTD is
Manufacturing - Finished products. Phosphorus
Distribution |
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BANK DETAILS |
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OFFICE &
FACILITIES |
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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.61.59 |
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|
1 |
Rs.101.09 |
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Euro |
1 |
Rs.83.99 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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.