MIRA INFORM REPORT

 

 

Report Date :

18.01.2014

 

 

 

 

Tel. No.:

84-613 836251/836258

Fax No.:

84-613 836086

 

 

IDENTIFICATION DETAILS

 

Name :

CP VIETNAM CORP

 

 

Registered Office :

Bien Hoa 2 Industrial Zone 2 Rd 2A, Bien Hoa, Dong Nai

 

 

Country :

Vietnam

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

11.07.2008

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

Manufacturer of Agricultural Products

 

 

No. of Employees :

5,000

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

Payment Behaviour :

No complaints

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

 

Country Name

Previous Rating

(30.06.2013)

Current Rating

(30.09.2013)

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

 

REGISTERED NAME & COMPANY SUMMARY

 

Company Details

 

Organization Name

:

CP VIETNAM CORP

Address

:

Bien Hoa 2 Industrial Zone 2 Rd 2A, Bien Hoa, Dong Nai

Country

:

Vietnam

Phone (S)

:

[+84] 61-3836258

Facsimile

:

[+84] 61-3836086

Email

:

c.p.vina02@hcm.vnn.vn

Website

:

http://www.cp.com.vn

Primary Business Activity

:

Manufacturer

Key Industry

:

Agricultural Products

 

Key Facts

 

Registered Legal Address

:

Bien Hoa 2 Industrial Zone 2 Rd 2A, Bien Hoa, Dong Nai

Operational Address

:

Bien Hoa 2 Industrial Zone 2 Rd 2A, Bien Hoa, Dong Nai

Name History

:

Business Entity Name

Effective Date

CP VIETNAM LIVESTOCK CO LTD

11 Mar, 1993

CP VIETNAM LIVESTOCK CORP

11 Jul, 2008

CP VIETNAM CORP

2011

Issuing Authority

:

Dept. of Planning & Investment - Bien Hoa

License Number

:

472033000352

License Status

:

License exists - Normal.

Legal Form - Category

:

Joint Stock Company

Legal Form

:

Corporation

Legal Form - Abbreviation

:

CORP

Operational Status of Business

:

Normal

Date of Registration

:

11 Jul, 2008

Employees

:

5,000

Capital

:

US$ 113,838,907

 

Report Details

 

 

Country

:

Vietnam

Business Entity Name

:

CP VIETNAM CORP

Primary Business Activity

:

Manufacturer

Primary Industry

:

Agricultural Products

Office Contact Details

Operating Address

:

Bien Hoa 2 Industrial Zone 2 Rd 2A, Bien Hoa, Dong Nai

Tel

:

[+84] 61-3836258

 

:

[+84] 61-3836252

 

:

[+84] 61-3836251

Mobile

:

[+84]-913768935

Fax

:

[+84] 61-3836086

Email

:

c.p.vina02@hcm.vnn.vn
acc_dn@cp.com.vn

Factory Contact Details

Address

:

Bien Hoa Industrial Zone 2 Lot 23, Bien Hoa, Dong Nai

Tel

:

[+84] 61-836390

Fax

:

[+84] 61-836391

Website Details

Website

:

http://www.cp.com.vn

Status

:

Normal - operational

Country of Registration

:

Vietnam

Ownership Type

:

Registered ownership by Subject Business Entity

Tax / VAT Details

Tax Issuing Authority

:

Ministry of Finance

Local Name Used

:

Gia Trj Gia Tang (Value Added Tax)

Acronym

:

GTGT / VAT

GTGT / VAT Number

:

3600224423

 

 

 

DIRECTORS/MANAGEMENT

 

Key Person

 

Legal Title

:

Managing Director

Name

:

Mr. Sooksunt Jiumjaiswangnerg

Nationality

:

Thai

 

COMPANY MANAGEMENT

Management Listings

 

Name

Nationality

Job Description

Dept. / Division

1

Mr. Kraisak Prasertjing

Thai

Deputy Managing Director

-

2

Mr. Jirawit Rachatanan

Thai

Deputy Managing Director

-

3

Mr. Teerapong Rojthip

Thai

Chief Accountant

Finance

4

Mr. Chamnan Wanggakkarangkul

Thai

Deputy Managing Director

-

5

Mr. Suwes Wangrungarun

Thai

Deputy Managing Director

-

6

Mr. Danai Wasanarat

Thai

Deputy Managing Director

-

7

Mr. Wiroj Wipathanasiki

Thai

Deputy Managing Director

-

Management Details - 1

Personal Unique Identifier

:

MI02528994

Name

:

Mr. Kraisak Prasertjing

 

Management Details - 2

Personal Unique Identifier

:

MI02528989

Name

:

Mr. Jirawit Rachatanan

 

Management Details - 3

Personal Unique Identifier

:

MI02214795

Name

:

Mr. Teerapong Rojthip

 

Date of Birth

:

1968

Management Details - 4

Personal Unique Identifier

:

MI02528991

Name

:

Mr. Chamnan Wanggakkarangkul

 

Management Details - 5

Personal Unique Identifier

:

MI02528992

Name

:

Mr. Suwes Wangrungarun

 

Management Details - 6

Personal Unique Identifier

:

MI02528993

Name

:

Mr. Danai Wasanarat

 

Management Details - 7

Personal Unique Identifier

:

MI02528995

Name

:

Mr. Wiroj Wipathanasiki

 

 

 

COMPANY DIRECTORS

 

1

 

 

Personal Unique Identifier

:

MI02528991

Name

:

Mr. Chamnan Wanggakkarangkul

Nationality

:

Thai

2

 

 

Personal Unique Identifier

:

MI02528993

Name

:

Mr. Danai Wasanarat

Nationality

:

Thai

3

 

 

Personal Unique Identifier

:

MI02528989

Name

:

Mr. Jirawit Rachatanan

Nationality

:

Thai

4

 

 

Personal Unique Identifier

:

MI02528994

Name

:

Mr. Kraisak Prasertjing

Nationality

:

Thai

5

 

 

Personal Unique Identifier

:

MI01787472

Name

:

Mr. Sooksunt Jiumjaiswangnerg

Date of Birth

:

1956

Nationality

:

Thai

6

 

 

Personal Unique Identifier

:

MI02528992

Name

:

Mr. Suwes Wangrungarun

Nationality

:

Thai

7

 

 

Personal Unique Identifier

:

MI02528995

Name

:

Mr. Wiroj Wipathanasiki

Nationality

:

Thai

 

 

NEGATIVE INFORMATION

 

 

REPUTATION

 

Reference checking for the purpose of establishing the CP VIETNAM CORP's reputation within the respective industry failed to reveal any adverse information.

 

 

NEGA-SCAN - ADVERSE DATA MONITORING

 

 

DISHONORED CHECKS

 

No Record Found

 

 

DEBT

 

No Record Found

 

 

LITIGATION

 

No Record Found

 

 

PERFORMANCE DEFAULTS

 

No Record Found

 

 

ADVERSE LOCAL MEDIA COVERAGE / ADVERSE FILING HISTORY

 

No Record Found

 

 

 

 

 

SHARE & SHARE CAPITAL INFORMATION

 

 

CAPITAL (Currency: USD - US Dollar)

 

Authorized Capital

:

113,838,907

Paid-up Capital

:

82,596,053

 

Date

Authorized Capital - History

11 Mar, 1993

106,695,296

2010

113,838,907

 

Date

Paid-up Capital - History

2000

16,357,527

2003

30,772,868

2008

42,337,120

2009

58,038,827

2010

82,596,053

 

 

SHAREHOLDERS

 

Total number of shareholders

:

2

Total number of shares

:

n/a

 

No.

Shareholders

Country

Shares

Number

Amount (USD)

%

1

MODERN STATE INVESTMENTS LTD

Virgin Islands (British)

n/a

58,494,525

70.82

2

BANGKOK FOOD PRODUCTS CO LTD

Thailand

n/a

24,101,528

29.18

Total

n/a

82,596,053

100.00

 

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.
However in the absence of data normally obtained from local Statutory Authorities, it is not possible to verify the accuracy of data supplied and hence is provided as reference ONLY.

 

 

PAYMENT INFORMATION

 

 

PAYMENT TERMS

 

Selling

 

Type

Terms

Local

Cash on delivery (COD)

Export

Letter of Credit (At-sight)

Telegraphic Transfer (T/T) - Received at time of transaction

 

Purchasing

 

Type

Terms

Local

Cash on delivery (COD)

Import

Letter of Credit (At-sight)

Telegraphic Transfer (T/T) - Executed at time of transaction

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

DIRECT / INDIRECT CORPORATE PARENT DETAILS

Direct Parent

:

MODERN STATE INVESTMENTS LTD

Global Identifier

:

P1907425

Legal Form Category

:

Private Company with Limited Liability

Country

:

Virgin Islands (British)

 

 

RELATED PARTIES (Subsidiaries, Joint-ventures & Affiliates)

 

The following provides a summary of the number of businesses that are related to CP VIETNAM CORP:

 

TYPE

INTERNATIONAL

Africa

Asia / Pacific

Europe

Middle-East

North America

South America

TOTAL

Subsidiaries

-

-

-

-

-

-

-

Joint-Ventures

-

-

-

-

-

-

-

Minority shareholdings

-

-

-

-

-

-

-

Affiliates

-

1

-

-

-

-

1

 

International

 

 

Business Entity Name

:

C P POKPHAND CO LTD

Global Identifier

:

P0022323

Country

:

Hong Kong

Relationship

:

Affiliate

Operational Address

:

21Fl Far East Finance Center 16 Harcourt Rd, Hong Kong

Primary Business Activity

:

Service

Industry

:

Financial Services - General

 

 

 

FINANCIAL INFORMATION

 

Financials - Summary  (Currency: USD - US Dollar)

Year

Sales

Assets

Net Income

2010 Annual  

1,066,770,087

562,405,336

46,052,078

2011 Annual  

1,475,723,236

721,647,384

86,728,709

2012 Annual (*)

1,578,847,434

932,580,124

6,471,750

 

Sales Trend – Analysis

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

-

-

-

-

Note: (*)

Financials listed are the most recent available for this company.

 

FINANCIALS - SUMMARY (Currency: USD - US Dollar)

Year

Sales

Assets

Net Income

2002 Annual

n/a

142,500,000

n/a

2005 Annual

258,319,721

118,400,507

10,493,912

2006 Annual

294,614,835

135,527,315

21,000,564

2008 Annual

650,999,397

317,376,719

18,974,970

2009 Annual

763,876,366

487,901,408

29,703,291

 

 

 

FINANCIAL STATEMENT - DETAILED

 

Balance Sheet

 

Currency

:

VND

Denomination

:

1

Financial Year Ending

:

December

 

Financial Highlights

2010 Annual

2011 Annual

2012 Annual

Current Assets

4,224,968,000,000

6,137,140,000,000

6,205,619,000,000

Non Current Assets

6,736,312,000,000

8,894,775,000,000

13,215,045,000,000

Non Current Liabilities

266,183,000,000

718,665,000,000

750,723,000,000

Share Capital

1,741,793,000,000

1,741,793,000,000

1,741,793,000,000

Total Reserves

-

-

-

Other long term assets 

Total Assets

10,961,280,000,000

15,031,915,000,000

19,420,664,000,000

Total Liabilities

7,482,380,000,000

9,746,456,000,000

14,000,434,000,000

Current Liabilities

7,216,197,000,000

9,027,791,000,000

13,249,711,000,000

Long term liabilities 

Shareholders Funds

3,478,900,000,000

5,285,459,000,000

5,420,230,000,000

Current assets & short term investments

7,227,079,000,000

9,883,956,000,000

12,007,090,000,000

Cash & cash equivalents

227,966,000,000

292,117,000,000

244,742,000,000

Cash

218,366,000,000

292,117,000,000

244,742,000,000

Cash equivalents

9,600,000,000

-

-

Short term investments

4,700,000,000

20,000,000,000

20,000,000,000

Short term securities investments

4,700,000,000

20,000,000,000

20,000,000,000

Accounts receivable

1,026,594,000,000

1,146,368,000,000

585,294,000,000

Accounts receivable trade

689,420,000,000

640,642,000,000

600,230,000,000

Trade prepayment

204,883,000,000

523,727,000,000

20,994,000,000

Others receivables

160,350,000,000

39,861,000,000

21,508,000,000

Provision for bad debts

(28,059,000,000)

(57,862,000,000)

(57,438,000,000)

I. Inventories

5,516,097,000,000

7,908,733,000,000

10,353,423,000,000

II. Inventories

5,528,753,000,000

7,921,936,000,000

10,353,423,000,000

Provision for decline in inventory

(12,656,000,000)

(13,203,000,000)

-

Other short term asset

265,568,000,000

385,279,000,000

311,682,000,000

Prepaid expenses

72,632,000,000

48,309,000,000

72,641,000,000

VAT deductible

113,450,000,000

82,957,000,000

241,436,000,000

Other tax receivables

72,000,000

193,000,000

177,872,000,000

Long term assets

3,734,201,000,000

5,147,959,000,000

7,413,574,000,000

Fixed assets

3,002,111,000,000

3,746,816,000,000

5,801,471,000,000

Tangible fixed assets

2,568,080,000,000

2,928,660,000,000

4,107,805,000,000

I. Cost

4,034,905,000,000

4,728,744,000,000

6,330,348,000,000

I. Accumulated depreciation

1,466,825,000,000

1,800,084,000,000

2,222,543,000,000

Intangible fixed assets

38,739,000,000

28,826,000,000

28,295,000,000

II. Cost

61,373,000,000

67,044,000,000

80,543,000,000

II. Accumulated depreciation

22,634,000,000

38,218,000,000

52,248,000,000

Construction in progress

395,292,000,000

789,330,000,000

1,665,371,000,000

I. Other long term assets

732,090,000,000

1,401,143,000,000

1,612,103,000,000

Long term prepayments

160,126,000,000

460,981,000,000

570,274,000,000

Asset of income tax delay

64,660,000,000

42,674,000,000

52,819,000,000

II. Other long term assets

507,304,000,000

897,488,000,000

989,010,000,000

Total assets

10,961,280,000,000

15,031,915,000,000

19,420,664,000,000

Liabilities

7,482,380,000,000

9,746,456,000,000

14,000,434,000,000

Current liabilities

7,216,197,000,000

9,027,791,000,000

13,249,711,000,000

Short term borrowings

5,571,150,000,000

6,677,732,000,000

10,125,589,000,000

Accounts payables-trade

1,027,733,000,000

1,190,619,000,000

2,009,652,000,000

Advances from customers

106,729,000,000

87,278,000,000

67,019,000,000

Taxes and payable to state budget

127,936,000,000

128,919,000,000

34,291,000,000

Payable to employees

7,841,000,000

2,785,000,000

6,616,000,000

Accrued expenses payable

373,065,000,000

932,040,000,000

1,001,287,000,000

Other payables

1,743,000,000

8,418,000,000

5,257,000,000

Long term liabilities

266,183,000,000

718,665,000,000

750,723,000,000

Long term other payables

10,813,000,000

4,700,000,000

11,239,000,000

Long term borrowings

211,968,000,000

661,537,000,000

679,788,000,000

Provision funds for unemployment

43,402,000,000

52,428,000,000

59,696,000,000

I. Owner's equity

3,478,900,000,000

5,285,459,000,000

5,420,230,000,000

II. Owner's equity

3,478,900,000,000

5,285,459,000,000

5,420,230,000,000

Business capital

1,741,793,000,000

1,741,793,000,000

1,741,793,000,000

Share capital's surplus

799,724,000,000

799,724,000,000

799,723,000,000

Retained earnings

937,383,000,000

2,743,942,000,000

2,878,714,000,000

Total resources

10,961,280,000,000

15,031,915,000,000

19,420,664,000,000

 

 

Income Statement

 

Currency

:

VND

Denomination

:

1

Financial Year Ending

:

December

 

Financial Highlights

2010 Annual

2011 Annual

2012 Annual

Turnover

20,791,349,000,000

30,739,315,000,000

32,878,961,000,000

Profit (Loss) Before Tax

1,092,682,000,000

2,184,793,000,000

47,226,000,000

Profit After Tax attributable to Shareholders

897,555,000,000

1,806,559,000,000

134,772,000,000

Gross sales

20,791,349,000,000

30,739,315,000,000

32,878,961,000,000

Less deductions

711,461,000,000

1,032,745,000,000

1,021,325,000,000

Net income

20,079,888,000,000

29,706,570,000,000

31,857,636,000,000

Cost of goods sold

17,179,814,000,000

24,546,450,000,000

28,844,889,000,000

Gross margin

2,900,074,000,000

5,160,120,000,000

3,012,747,000,000

Income from financial activities

128,621,000,000

148,607,000,000

47,634,000,000

Expenses from financial activities

699,748,000,000

1,372,935,000,000

986,897,000,000

In which: Interest expenses

0

0

0

Selling expenses

256,229,000,000

309,128,000,000

415,329,000,000

General & administration expenses

991,799,000,000

1,471,107,000,000

1,653,209,000,000

Net income from operating activities

1,080,919,000,000

2,155,557,000,000

4,946,000,000

Extraordinary income

24,483,000,000

32,329,000,000

45,172,000,000

Extraordinary expenses

12,720,000,000

3,093,000,000

2,892,000,000

Extraordinary gains

11,763,000,000

29,236,000,000

42,280,000,000

Net profit before tax

1,092,682,000,000

2,184,793,000,000

47,226,000,000

Income tax

203,761,000,000

356,249,000,000

(77,402,000,000)

Income tax delay

8,634,000,000

(21,985,000,000)

10,144,000,000

Net profit after tax

897,555,000,000

1,806,559,000,000

134,772,000,000

 

 

Financial Ratios

 

Financial Highlights

2010 Annual

2011 Annual

2012 Annual

Growth % 

Year-on-Year Growth

52.57

47.85

6.96

Profitability 

Profit Margin (%)

4.32

5.88

0.41

Return on Equity (%)

25.80

34.18

2.49

Return on Assets (%)

8.19

12.02

0.69

Leverage 

Total Debt Equity (Times)

2.15

1.84

2.58

Current Debt Equity (Times)

2.07

1.71

2.44

Long Term Debt to Equity

0.08

0.14

0.14

Total Asset To Total Equity

3.15

2.84

3.58

Asset Management 

Total Assets Turnover (Times)

1.90

2.04

1.69

Fixed Assets Turnover (Times)

3.09

3.46

2.49

Liquidity 

Current Ratio

0.59

0.68

0.47

 

Based on the corporate laws of Vietnam, legal entities which are Joint Stock Company are not required to make public disclosure of their annual financials. Although financials were obtained for reference.

 

 

FOREIGN EXCHANGE RATES

 

Na

 

 

ADDITIONAL INFORMATION

 

Primary Products

Products / Materials / Services Description

Activity

Animal feed

Manufacturing, Exporting

Beef paste

Manufacturing, Exporting

Black tiger shrimp feeds

Manufacturing, Exporting

Broilers

Manufacturing, Exporting

Chicken feed

Manufacturing, Exporting

 

International Trade - Statistics  (Currency: USD - US Dollar)

Year

Imports

Exports

Total

 

 

Financials - Summary  (Currency: USD - US Dollar)

Year

Sales

Assets

Net Income

2010 Annual  

1,066,770,087

562,405,336

46,052,078

2011 Annual  

1,475,723,236

721,647,384

86,728,709

2012 Annual (*)

1,578,847,434

932,580,124

6,471,750

 

Sales Trend – Analysis

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

-

-

-

-

Note: (*)

Financials listed are the most recent available for this company.

 

Key Person

Legal Title

:

Managing Director

Name

:

Mr. Sooksunt Jiumjaiswangnerg

Nationality

:

Thai

 

Primary Products

Products / Materials / Services Description

Activity

Animal feed

Manufacturing, Exporting

Beef paste

Manufacturing, Exporting

Black tiger shrimp feeds

Manufacturing, Exporting

Broilers

Manufacturing, Exporting

Chicken feed

Manufacturing, Exporting

 

International Trade - Statistics  (Currency: USD - US Dollar)

Year

Imports

Exports

Total

2010

n/a

426,708,035

426,708,035

2011

n/a

590,289,294

590,289,294

2012

n/a

631,538,974

631,538,974

 

SIC PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description

Code

Activity

Agricultural Production-Livestock

0200

Service

Fresh/Frozen Fish/Seafoods, NEC

2092

Manufacturing, Exporting

Livestock

5154

Trading

Livestock & Animal Farms

0291

Service

Livestock Svc Exc Veterinary

0751

Service

Meats & Meat Products

5147

Manufacturing, Exporting

Poultry & Poultry Products

5144

Trading

Poultry and eggs, nspf

0259

Trading

Poultry, nspf, and eggs, prepared or preserved

2015

Trading

Prepared feeds, nspf

2048

Manufacturing, Exporting

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description

Code

Activity

Chickens, ducks, geese, turkeys, and guineas, live

0105

Trading

Chickens, not cut in pieces, fresh or chilled

0207104040

Manufacturing, Exporting

Dairy, eggs, honey, & ed. products

0400

Trading

Livestock feed, prepared

2309901040

Manufacturing, Exporting

Livestock services, except veterinary

9808

Service

Meat & ed offal of poultry, fresh, chill or frozen

0207

Manufacturing, Exporting

Meat & edible meat offal

0200

Manufacturing, Exporting

Mixed feeds or mixed feed ingredients used in animal feedings

2309901050

Manufacturing, Exporting

Mixtures of pork and beef, prepared or preserved

1602496000

Manufacturing, Exporting

Other livestock feed nesoi, prepared

2309901045

Manufacturing, Exporting

 

DETAILED PRODUCT CLASSIFICATION & ACTIVITY

Products / Materials / Services Description

Ranking

Activity

Chicken meat

Primary

Manufacturing, Exporting

Chicken paste

Primary

Manufacturing, Exporting

Duck feed

Primary

Manufacturing, Exporting

Duck meat

Primary

Manufacturing, Exporting

Fish feed

Primary

Manufacturing, Exporting

Frozen black tiger shrimps

Primary

Manufacturing, Exporting

Livestock feeds

Primary

Manufacturing, Exporting

Meats

Primary

Manufacturing, Exporting

Pig feed

Primary

Manufacturing, Exporting

Pork bologna

Primary

Manufacturing, Exporting

Animal breeding

Secondary

Service

Black tiger shrimps

Secondary

Trading

Chicken breeding

Secondary

Service

Chickens

Secondary

Trading

Duck breeders

Secondary

Service

Fish breeding

Secondary

Service

Fresh eggs

Secondary

Trading

Hogs

Secondary

Trading

Livestock breeding

Secondary

Service

Pigs breeding

Secondary

Service

Shrimp breeding farm

Secondary

Service

 

 

CORE BUSINESS DESCRIPTION

 

Core Business

 

The primary business focus of CP VIETNAM CORP is Manufacturing - Finished products.

Key products include :

Animal feed

Beef paste

Black tiger shrimp feeds

Black tiger shrimps

Broilers

Chicken feed

Chicken paste

Chickens

Duck feed

Duck meat

Fish feed

Fresh eggs

Frozen black tiger shrimps

Hogs

Livestock feeds

Meats

Pig feed

Pork bologna

Pork paste

Poultry feeds

Poultry meat

Poultry products

Sausage

Shrimp feeds

An integral part of the core business includes:

Distribution

 

Supplementary Business

 

In addition to the core business, CP VIETNAM CORP also is engaged in the following areas of business:

Exporting

Exporting - Finished products

Importing

Importing - Raw materials

Service

Specialized professional services, including:

Animal breeding

 

DOMESTIC SALES & PURCHASES

Annual Sales Analysis

Percentage

Domestic Sales

60%

International Sales (Export)

40%

Annual Purchases Analysis

Percentage

Local Purchases

20%

Imports

80%

 

 

BRANDS & TRADEMARKS

 

Brands & Trademarks

Application Category

BELL FEED

n/a

CP

n/a

DN FEED

n/a

Hi-gro

n/a

NOVO

n/a

STAR FEED

n/a

 

BANK DETAILS

Bank Name

:

ANZ BANK (VIETNAM) LTD

Global Identifier

:

P1310499

Branch

:

District 1,Ho Chi Minh

Branch Address

:

ANZ BANK (VIETNAM) LTD - HO CHI MINH

SWIFT Code

:

This bank does not have a SWIFT Code

Bank Name

:

ASIA COMMERCIAL BANK

Global Identifier

:

P0075118

Branch

:

District 3,Ho Chi Minh

Branch Address

:

442 Nguyen Thi Minh Khai St Ward 5 District 3 Ho Chi Minh (Head Office)

SWIFT Code

:

ASCBVNVX

Bank Name

:

BANGKOK BANK PUBLIC CO LTD

Global Identifier

:

32400471

Branch

:

District 1,Ho Chi Minh

Branch Address

:

BANGKOK BANK PUBLIC CO LTD - HO CHI MINH

SWIFT Code

:

BKKBVNV1

Bank Name

:

JOINT STOCK COMMERCIAL BANK FOR FOREIGN TRADE OF VIETNAM

Global Identifier

:

P1072025

Branch

:

Hanoi

Branch Address

:

31-33 Ngo Quyen Hanoi (Head Office)

SWIFT Code

:

BFTVVNVX

Bank Name

:

SUMITOMO MITSUI BANKING CORP

Global Identifier

:

P0927182

Branch

:

District 1,Ho Chi Minh

Branch Address

:

8 Nguyen Hue St Ben Nghe Ward District 1 Ho Chi Minh (Head Office)

SWIFT Code

:

SMBCVNVX

 

LOCAL BRANCHES & MANAGEMENT

Branch

:

CP VIETNAM CORP - TRANG BOM DIST, DONG NAI

Branch Address

:

Bau Xeo Industrial Park Song Trau Ward, Trang Bom Dist, Dong Nai

Branch

:

CP VIETNAM CORP - BIEN HOA, DONG NAI

Branch Address

:

2 St 2A Bien Hoa II Industrial Park, Bien Hoa, Dong Nai

Branch

:

CP VIETNAM CORP - BINH THANH, HO CHI MINH

Branch Address

:

151 Xo Viet Nghe Tinh, Binh Thanh, Ho Chi Minh

Branch

:

CP VIETNAM CORP - CAN THO

Branch Address

:

164/1 Tran Ngoc Que, Can Tho

Branch

:

CP VIETNAM CORP - NHA TRANG, KHANH HOA

Branch Address

:

11D Thai Nguyen, Nha Trang, Khanh Hoa

Branch

:

CP VIETNAM CORP - THANH XUAN, HANOI

Branch Address

:

1N6A Trung Hoa, Thanh Xuan, Hanoi

Branch

:

CP VIETNAM CORP - CHAU THANH, TIEN GIANG

Branch Address

:

My Tho - Binh Phuoc Industrial Park, Chau Thanh, Tien Giang

Branch

:

CP VIETNAM CORP - BIEN HOA DIST, DONG NAI

Branch Address

:

Bien Hoa II Industrial Park, Bien Hoa Dist, Dong Nai

Branch

:

CP VIETNAM CORP - DUC TRONG DIST, LAM DONG

Branch Address

:

111 Thong Nhat Lien Nghia Town, Duc Trong Dist, Lam Dong

Branch

:

CP VIETNAM CORP - BIEN HOA, DONG NAI

Branch Address

:

11 Lot 13 St 19A Bien Hoa II Industrial Park, Bien Hoa, Dong Nai

Branch

:

CP VIETNAM CORP - VUNG TAU, BA RIA-VUNG TAU

Branch Address

:

93 Le Hong Phong Ward 7, Vung Tau, Ba Ria-Vung Tau

Branch

:

CP VIETNAM CORP - DONG DA, HANOI

Branch Address

:

263 Chua Boc, Dong Da, Hanoi

Branch

:

CP VIETNAM CORP - HAI PHONG

Branch Address

:

93 Van Cao-Dang Giang, Hai Phong

Branch

:

CP VIETNAM CORP - HA LONG, QUANG NINH

Branch Address

:

Gieng Day, Ha Long, Quang Ninh

Branch

:

CP VIETNAM CORP - BIEN HOA DIST, DONG NAI

Branch Address

:

Bien Hoa Industrial Zone 2 Lot 13 - N19 St, Bien Hoa Dist, Dong Nai

Branch

:

CP VIETNAM CORP - CHUONG MY DIST, HA TAY

Branch Address

:

Xuan Mai Town, Chuong My Dist, Ha Tay

Branch

:

CP VIETNAM CORP - THANH HOA, THANH HOA

Branch Address

:

Quang Trung Ward, Thanh Hoa, Thanh Hoa

Branch

:

CP VIETNAM CORP - THANH KHE, DA NANG

Branch Address

:

236 Nguyen Tri Phuong, Thanh Khe, Da Nang, Quang Nam-Da Na

Branch

:

CP VIETNAM CORP - NHA TRANG, KHANH HOA

Branch Address

:

15 K-Thai Nguyen, Nha Trang, Khanh Hoa

Branch

:

CP VIETNAM CORP - TUY PHONG, BINH THUAN

Branch Address

:

Vinh Hao Village, Tuy Phong, Binh Thuan

 

 

INTERNATIONAL TRADE - Statistics (Currency: USD - US Dollar)

 

Year

Imports

Exports

Total

2005

n/a

180,823,805

180,823,805

2006

n/a

206,230,385

206,230,385

2008

n/a

325,499,698

325,499,698

2009

n/a

458,325,819

458,325,819

 

 

INTERNATIONAL TRADE - Activity & Markets

 

 

Country / Region

Estimated level of importance

Trading Activity

Asia / Pacific

Medium

Importing, Exporting

Europe

Medium

Importing, Exporting

North America

Medium

Exporting

South America

Medium

Importing

Brazil

Medium

Importing

China

Medium

Importing, Exporting

India

Medium

Importing

Indonesia

Medium

Importing

Singapore

Medium

Exporting

Thailand

Medium

Importing, Exporting

USA

Medium

Exporting

 

 

COMPETITORS

The following is a representative list of local competitors:

Competitors

AMERICAN FEEDS CO LTD

AN GIANG AGRICULTURAL & FOODS IMPORT EXPORT JSC

AN PHU ANIMAL FEED ENTERPRISE

ANIMAL HUSBANDRY MATERIAL SUPPLY CO

ASIA NUTRITION TECHNOLOGIES (VN) CO LTD

BAYER AGRITECH SAIGON

CHIH TIEN FARMER LIVESTOCKS CO LTD

CON CO PRODUCING ANIMAL FEEDS ENTERPRISE

DAI SANH CHICKEN BREEDING ENTERPRISE

GO SAO PIG BREEDING ENTERPRISE

LIVESTOCK BREEDING & FEEDS CO II

PHAP VIET STOCK CO

SAIGON POULTRY CO

TOMBOY AQUAFEED JSC

VIETNAM NATIONAL LIVESTOCK CORP ONE MEMBER CO LTD

VIET THAI POULTRY INT'L CO LTD

VIETNAM NATIONAL LIVESTOCK CORP

 

 

OFFICE & FACILITIES

 

Name

:

CP VIETNAM CORP - BIEN HOA, DONG NAI

Building Size

:

50,000 Square meters

Address

:

Bien Hoa 2 Industrial Zone 2 Rd 2A, Bien Hoa, Dong Nai

Country

:

Vietnam

Ownership of Property

:

Rented / Leased

Other Use

:

Factory

Status

:

Operational

 

 

FACTORIES, SIZE, & LOCATIONS

 

The following information relates to the Business Entity's factory as listed above:

 

Address

:

Bien Hoa Industrial Zone 2 Lot 23, Bien Hoa, Dong Nai

 

 

 

COMPANY HISTORY

 

Date

Details

2001

Built the Packaging Factory, Frozen Sea Food Processing Plant and a Food Processing Plant all in Dong Nai province.

2002 - Mar

Started the operation of its new food factory.

 

 

 

PRODUCTION CAPACITY

 

Item

Year

Current Capacity

Unit Measure

Chicken meat

2010

2,000,000

Pieces

Meats

2010

400,000

Tons

 

 

QUALITY ACCREDITATION

 

Quality Accreditation Listings

 

#

Name

Accreditation Category

1

INTERNATIONAL STANDARDS ORGANIZATION (ISO)

9001:2000

2

INTERNATIONAL STANDARDS ORGANIZATION (ISO)

9002

 

 

 

PREVIOUS CONTACT DETAILS

 

Phone Number

:

84-61-836084

Fax Number

:

84-61-834953

 

 

 

PREVIOUS BUSINESS LICENSE/S

 

License Date

License No.

11 Mar, 1993

545A/GP-KCN-DN

1 Jul, 1994

545A/GP

24 Apr, 1995

545/GP-DC

 

 

NOTES & COMMENTS

 

Na

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.35

UK Pound

1

Rs.100.21

Euro

1

Rs.83.52

 

 

INFORMATION DETAILS

 

Report Prepared by :

NNA

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.