MIRA INFORM REPORT

 

 

Report Date :

10.07.2014

 

IDENTIFICATION DETAILS

 

Name :

CA MAU FROZEN SEAFOOD PROCESSING IMPORT EXPORT CORP

 

 

Registered Office :

333 Cao Thang St Ward 8, Ca Mau, Ca Mau

 

 

Country :

Vietnam

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

16.07.2009

 

 

Legal Form :

Corporation

 

 

Line of Business :

Manufacturer of Food Products

 

 

No. of Employees :

1,400

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

Slow but correct

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 31, 2014

 

Country Name

Previous Rating

(31.12.2013)

Current Rating

(31.03.2014)

Vietnam

B1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

Very High Risk

 

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.

 

Source : CIA

 

 

REGISTERED NAME & COMPANY SUMMARY

 

Organization Name

:

CA MAU FROZEN SEAFOOD PROCESSING IMPORT EXPORT CORP

Address

:

333 Cao Thang St Ward 8, Ca Mau, Ca Mau

Country

:

Vietnam

Phone (S)

:

[+84] 780-3838874

Facsimile

:

[+84] 780-3832297

Email

:

camimex@hcm.vnn.vn

Website

:

http://www.camimex.com.vn

Primary Business Activity

:

Manufacturer

Key Industry

:

Food Products

 

Registered Legal Address

:

333 Cao Thang St Ward 8, Ca Mau, Ca Mau

Operational Address

:

333 Cao Thang St Ward 8, Ca Mau, Ca Mau

Trading Name

:

CAMIMEX

Name History

:

Business Entity Name

Effective Date

CA MAU FROZEN SEAFOOD PROCESSING IMPORT EXPORT CO

1977

CA MAU FROZEN SEAFOOD PROCESSING IMPORT EXPORT CORP

12 Jan, 2006

Issuing Authority

:

Dept. of Planning & Investment - Ca Mau

License Number

:

2000103908

License Status

:

License exists - Normal.

Legal Form - Category

:

Public Listed Company

Legal Form

:

Corporation

Legal Form - Abbreviation

:

CORP

Operational Status of Business

:

Normal

Date of Registration

:

16 Jul, 2009

Employees

:

1,400

Capital

:

US$ 6,268,959

 

Country

:

Vietnam

Business Entity Name

:

CA MAU FROZEN SEAFOOD PROCESSING IMPORT EXPORT CORP

Primary Business Activity

:

Manufacturer

Primary Industry

:

Food Products

 

Office Contact Details

Operating Address

:

333 Cao Thang St Ward 8, Ca Mau, Ca Mau

Tel

:

[+84] 780-3838874

 

:

[+84] 780-3831608

Fax

:

[+84] 780-3832297

 

:

[+84] 780-3836257

Email

:

camimex@hcm.vnn.vn

 

Website Details

Website

:

http://www.camimex.com.vn

Status

:

Normal - operational

Country of Registration

:

Vietnam

Ownership Type

:

Registered ownership by Subject Business Entity

 

 

DIRECTORS/MANAGEMENT

 

Key Person

Legal Title

:

Chairman

Name

:

Mr. Bui Sy Tuan

Nationality

:

Vietnamese

 

COMPANY MANAGEMENT

Management Listings

 

Name

Nationality

Job Description

Dept. / Division

1

Mr. Bui Duc Cuong

Vietnamese

Deputy Managing Director

-

2

Ms. Nguyen Trong Ha

Vietnamese

Chief Accountant

-

3

Mr. Nguyen An Ninh

Vietnamese

Managing Director

-

 

Management Details - 1

Personal Unique Identifier

:

MI03715283

Name

:

Mr. Bui Duc Cuong

 

Date of Birth

:

1974

 

Management Details - 2

Personal Unique Identifier

:

MI03715284

Name

:

Ms. Nguyen Trong Ha

 

Date of Birth

:

1974

 

Management Details - 3

Personal Unique Identifier

:

MI03715273

Name

:

Mr. Nguyen An Ninh

 

Date of Birth

:

1958

 

COMPANY DIRECTORS

1

 

 

Personal Unique Identifier

:

MI03715276

Name

:

Mr. Bui Sy Tuan

Date of Birth

:

1971

 

2

 

 

Personal Unique Identifier

:

MI03715273

Name

:

Mr. Nguyen An Ninh

Date of Birth

:

1958

 

 

NEGATIVE INFORMATION

 

REPUTATION

Reference checking for the purpose of establishing the CA MAU FROZEN SEAFOOD PROCESSING IMPORT EXPORT 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

 

STOCK EXCHANGE LISTING DETAILS

Country

:

Vietnam

Name of Stock Exchange

:

Name

Acronym

HOCHIMINH STOCK EXCHANGE

HOSE

Stock Symbol / No.

:

CMX

Date of listing

:

2 Nov, 2010

 

CAPITAL (Currency: VND - Vietnam Dong)

Authorized Capital

:

₫ 132,212,340,000

Paid-up Capital

:

₫ 132,212,340,000

 

Date

Authorized Capital - History

12 Jan, 2006

65,000,000,000

2008

93,016,160,000

16 Jul, 2009

114,967,970,000

23 Nov, 2011

132,212,340,000

 

SHAREHOLDERS

Total number of shareholders

:

Public shareholding traded via Stock Exchange

Total number of shares

:

n/a

 

Currency

:

VND - Vietnam Dong

 

No.

Shareholders

Country

Shares

Number

Amount (VND)

%

1

Public shareholding traded via Stock Exchange

n/a

n/a

48,826,017,162

36.93

2

CONG TY CO PHAN VON THIEN NIEN KY

Vietnam

n/a

25,424,432,982

19.23

3

Mr. Vu Ngoc Le

Vietnam

n/a

18,509,727,600

14.00

4

Mr. Nguyen An Ninh

Vietnam

n/a

15,548,171,184

11.76

5

Ms. Le Thi Minh Hien

Vietnam

n/a

13,221,234,000

10.00

6

SAIGON THUONG TIN COMMERCIAL JOINT STOCK BANK

Vietnam

n/a

10,682,757,072

8.08

Total

n/a

132,212,340,000

100.00

 

 

PAYMENT INFORMATION

 

DOMESTIC SALES & PURCHASES

Annual Sales Analysis

Percentage

Domestic Sales

20%

International Sales (Export)

80%

 

 

Annual Purchases Analysis

Percentage

Local Purchases

80%

Imports

20%

 

 

PAYMENT TERMS

Selling

Type

Terms

Local

Cash on delivery (COD)

Credit - Unsecured 30~60 days

Export

Letter of Credit (At-sight)

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

 

Purchasing

Type

Terms

Local

Cash on delivery (COD)

Credit - Unsecured 30~60 days

Import

Letter of Credit (At-sight)

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

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

LOCAL BRANCHES & MANAGEMENT

Branch

:

CA MAU FROZEN SEAFOOD PROCESSING IMPORT EXPORT CORP - NAM CAN, CA MAU

Branch Address

:

Hamlet 1 Hang Vinh Commune, Nam Can, Ca Mau

 

Branch

:

CA MAU FROZEN SEAFOOD PROCESSING IMPORT EXPORT CORP - CA MAU, CA MAU

Branch Address

:

29B Hamlet 3 National Rd 1A Tac Van Commune, Ca Mau, Ca Mau

 

Branch

:

CA MAU FROZEN SEAFOOD PROCESSING IMPORT EXPORT CORP - NAM CAN, CA MAU

Branch Address

:

Cai Nai Hamlet Nam Can Town, Nam Can, Ca Mau

 

Branch

:

CA MAU FROZEN SEAFOOD PROCESSING IMPORT EXPORT CORP - DISTRICT 7, HO CHI MINH

Branch Address

:

33/3 KP2 Phu Thuan Ward, District 7, Ho Chi Minh

 

Branch

:

CA MAU FROZEN SEAFOOD PROCESSING IMPORT EXPORT CORP - CA MAU

Branch Address

:

Cao Thang Rd, Ca Mau

 

Branch

:

CA MAU FROZEN SEAFOOD PROCESSING IMPORT EXPORT CORP - NGOC HIEN DIST, CA MAU

Branch Address

:

Cha La Hamlet Tam Giang Tay Commune, Ngoc Hien Dist, Ca Mau

 

Branch

:

CA MAU FROZEN SEAFOOD PROCESSING IMPORT EXPORT CORP - DUYEN HAI, TRA VINH

Branch Address

:

Phuoc Binh Hamlet Long Toan Commune, Duyen Hai, Tra Vinh

 

Branch

:

CA MAU FROZEN SEAFOOD PROCESSING IMPORT EXPORT CORP - KIEN LUONG, KIEN GIANG

Branch Address

:

Group 1 Cang Hamlet Hoa Dien Commune, Kien Luong, Kien Giang

 

Branch

:

CA MAU FROZEN SEAFOOD PROCESSING IMPORT EXPORT CORP - AN MINH, KIEN GIANG

Branch Address

:

Group 2 Thanh An Hamlet Dong Thanh Commune, An Minh, Kien Giang

 

Branch

:

CA MAU FROZEN SEAFOOD PROCESSING IMPORT EXPORT CORP - NGOC HIEN DIST, CA MAU

Branch Address

:

Lam Phan LNT Ngoc Hien Tam Giang Tay Commune, Ngoc Hien Dist, Ca Mau

 

 

RELATED PARTIES (Subsidiaries , Joint-ventures & Affiliates)

The following provides a summary of the number of businesses that are related to CA MAU FROZEN SEAFOOD PROCESSING IMPORT EXPORT CORP:

 

TYPE

DOMESTIC

TOTAL

Subsidiaries

1

Joint-Ventures

-

Minority shareholdings

-

Affiliates

-

 

Domestic

Business Entity Name

:

CAMIMEX ORGANIC HATCHERY CO

Global Identifier

:

P3043198

Country

:

Vietnam

Relationship

:

Subsidiary

 

 

FINANCIAL INFORMATION

 

Financials - Summary  (Currency: USD - US Dollar)

Year

Sales

Assets

Net Income

2011 Annual  

61,340,730

43,000,247

220,256

2012 Annual  

49,744,249

34,158,892

135,278

2013 Annual  

28,755,347

28,890,588

-6,006,842

 

Sales Trend – Analysis

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

-

-

-

-

-

-

 

Missing Financials

Reasons

2014, 1st Qtr

Financials not yet released.

 

FINANCIALS - SUMMARY (Currency: USD - US Dollar)

Year

Sales

Assets

Net Income

2009 Annual

72,904,986

42,685,695

1,646,267

2010 Annual

75,114,508

53,115,230

316,844

 

FINANCIAL STATEMENT - DETAILED

Type: Consolidated

 

Balance Sheet

Currency

:

VND

Denomination

:

1

Financial Year Ending

:

December

Financial Highlights

2011 Annual

2012 Annual

2013 Annual

Current Assets

700,729,876,982

513,495,398,774

408,357,934,178

Non Current Assets

194,965,270,973

197,851,904,966

200,889,375,191

Non Current Liabilities

31,457,058,833

19,577,058,833

7,698,927,608

Share Capital

132,212,340,000

132,212,340,000

132,212,340,000

Other long term assets 

Total Assets

895,695,147,s955

711,347,303,740

609,247,309,369

Total Liabilities

736,479,948,110

549,773,771,869

574,769,179,599

Current Liabilities

705,022,889,277

530,196,713,036

567,070,251,991

Long term liabilities 

Shareholders Funds

159,215,199,845

161,573,531,871

34,478,129,770

 

Current Assets

700,729,876,982

513,495,398,774

408,357,934,178

Cash and cash equivalents

15,360,599,416

4,203,113,010

6,702,138,153

Cash

4,360,599,416

4,203,113,010

6,702,138,153

Cash equivalents

11,000,000,000

-

-

Short term receivables

127,703,605,349

82,608,460,131

70,751,879,709

Trade accounts receivable

81,422,238,039

52,426,888,529

65,264,152,242

Prepayments to suppliers

26,112,843,115

20,806,427,301

5,726,218,026

Other short-term receivables

20,235,467,385

13,015,308,282

8,107,981,440

Other receivables

20,235,467,385

13,015,308,282

8,107,981,440

Provision for doubtful short-term debts

(66,943,190)

(3,640,163,981)

(8,346,471,999)

Inventory

536,433,805,997

418,402,302,265

316,865,702,783

Inventories

563,523,272,985

445,491,769,253

470,824,423,858

Raw materials

12,975,941,837

11,555,237,273

12,318,658,253

Tools

1,218,499,443

2,871,320,654

2,450,964,680

Finished goods

549,314,238,357

431,052,355,070

456,041,944,669

Merchandise

14,593,348

12,856,256

12,856,256

Provision for decline in value of inventories

(27,089,466,988)

(27,089,466,988)

(153,958,721,075)

I. Other current assets

21,231,866,220

8,281,523,368

14,038,213,533

Short-term prepaid expenses

1,081,340,731

140,636,899

274,196,096

Vat to be deductible

15,021,445,976

3,383,217,781

6,375,141,948

Taxes and other receivables from the state

3,062,667,893

3,726,303,055

4,099,813,213

II. Other current assets

2,066,411,620

1,031,365,633

3,289,062,276

Non Current Assets

194,965,270,973

197,851,904,966

200,889,375,191

Fixed assets

192,248,370,931

196,390,942,330

200,590,070,515

Tangible fixed assets

124,653,567,717

120,367,243,599

108,022,943,283

Historical price

230,480,511,972

234,707,297,408

235,151,581,970

I. Beginning balance

217,772,681,945

230,480,511,972

234,707,297,408

I. Ending balance

230,480,511,972

234,707,297,408

235,151,581,970

Accumulated depreciation

(105,826,944,255)

(114,340,053,809)

(127,128,638,687)

II. Beginning balance

100,798,930,822

105,826,944,255

114,340,053,809

II. Ending balance

105,826,944,255

114,340,053,809

127,128,638,687

Intangible fixed assets

2,931,563,648

2,784,363,738

2,192,582,033

Cost

5,011,413,542

5,419,613,542

5,419,613,542

III. Beginning balance

2,793,913,542

5,011,413,542

5,419,613,542

III. Ending balance

5,011,413,542

5,419,613,542

5,419,613,542

Accumulated amortisation

(2,079,849,894)

(2,635,249,804)

(3,227,031,509)

IV. Ending balance

2,079,849,894

2,635,249,804

3,227,031,509

Construction in progress

64,663,239,566

73,239,334,993

90,374,545,199

I. Other long-term assets

2,716,900,042

1,460,962,636

299,304,676

Long-term prepayments

2,410,905,326

1,308,095,351

-

Deferred income tax assets

173,623,516

20,496,085

166,933,476

II. Other long-term assets

132,371,200

132,371,200

132,371,200

Total Assets

895,695,147,955

711,347,303,740

609,247,309,369

Liabilities

736,479,948,110

549,773,771,869

574,769,179,599

Current Liabilities

705,022,889,277

530,196,713,036

567,070,251,991

Short-term debts and borrowings

635,423,499,108

442,106,869,627

438,524,556,071

Short-term debt

635,423,499,108

417,151,119,457

410,406,721,318

Current portion of long term loans

-

24,955,750,170

28,117,834,753

Trade accounts payable

32,476,805,173

55,649,437,574

83,376,328,436

Advances from customers

2,036,510,663

49,961,729

50,411,139

Taxes and other payables to the state budget

1,312,388,831

289,822,004

1,815,694,977

Personal income tax

1,249,280,074

289,822,004

-

Tax and rental expenses

63,108,757

-

-

Payable to employees

5,311,353,122

3,764,699,330

4,456,689,227

Accrued expenses

2,724,697,230

1,668,886,416

5,964,882,158

I. Other payables

24,907,428,196

25,777,368,997

31,773,165,917

Unused assets awaiting resolutions

696,660,765

603,542,270

401,083,330

Union trade fees

3,813,924,433

3,182,373,425

2,440,885,971

Social insurance

1,656,854,068

4,417,201,684

6,539,111,651

Deposits, collaterals

1,000,000,000

750,000,000

1,150,000,000

II. Other payables

17,739,988,930

16,824,251,618

21,242,084,965

Bonus and welfare fund

830,206,954

889,667,359

1,108,524,066

Long-term Liabilities

31,457,058,833

19,577,058,833

7,698,927,608

Long-term debt

31,457,058,833

19,577,058,833

7,697,058,833

Loans from banks

31,457,058,833

19,577,058,833

7,697,058,833

Deferred income taxes payable

-

-

1,868,775

Shareholders' equity

159,215,199,845

161,573,531,871

34,478,129,770

Capital and reserves

159,215,199,845

161,573,531,871

34,478,129,770

Chartered capital

132,212,340,000

132,212,340,000

132,212,340,000

Investment and development fund

1,484,114,927

1,713,511,349

1,995,223,836

Retained earnings

25,518,744,918

27,647,680,522

(99,729,434,066)

Total liabilities and shareholders' equity

895,695,147,955

711,347,303,740

609,247,309,369

 

 

Income Statement

Currency

:

VND

Denomination

:

1

Financial Year Ending

:

December

Financial Highlights

2011 Annual

2012 Annual

2013 Annual

Turnover

1,277,727,396,970

1,035,907,062,810

606,395,348,411

Profit (Loss) Before Tax

7,346,183,466

3,517,898,048

(125,646,985,259)

Profit After Tax attributable to Shareholders

4,587,928,435

2,817,124,870

(126,672,833,371)

 

Revenues

1,277,727,396,967

1,035,907,062,808

606,395,348,411

Sales

1,277,727,396,967

1,035,907,062,808

606,339,715,742

Revenue from services

-

-

55,632,669

Deductions

(107,637,525,184)

(21,263,011,945)

(3,639,559,072)

Trade discount

1,825,559,946

3,457,590,971

1,259,057,334

Return

105,811,965,238

17,805,420,974

2,380,501,738

Net sales

1,170,089,871,783

1,014,644,050,863

602,755,789,339

Cost of goods sold

(1,030,059,971,396)

(893,852,250,114)

(645,272,286,966)

Cost of merchandise

1,030,059,971,396

893,852,250,114

-

Cost of finished good

-

-

645,272,286,966

Gross profit

140,029,900,387

120,791,800,749

(42,516,497,627)

Financial income

53,353,690,643

4,313,503,385

17,051,527,417

Interest incomes from depsosits and loans

3,151,544,762

1,047,927,459

15,486,398

Gain from sale of foreign currency

3,576,576,673

229,357,000

-

Realized gains from foreign exchange dealing

46,625,569,208

2,784,701,983

17,023,190,176

Unrealized foreign exchange gains

-

251,516,943

12,850,843

Financial expenses

(101,442,338,444)

(57,938,890,661)

(49,741,253,962)

Realized foreign exchange losses

22,191,846,246

2,152,854,596

17,504,921,072

Unrealized foreign exchange losses

2,113,768,064

-

760,374,786

Interest expenses

77,136,724,134

55,786,036,065

31,475,958,104

Selling expense

(65,481,823,432)

(40,888,809,855)

(24,985,653,639)

Administrative expense

(22,483,937,897)

(20,536,429,627)

(23,843,722,520)

Operating income

3,975,491,257

5,741,173,991

(124,035,600,331)

I. Other incomes

5,827,592,611

1,617,397,084

4,550,548,625

Other expenses

(2,456,900,402)

(3,840,673,027)

(6,161,933,553)

II. Other incomes

3,370,692,209

(2,223,275,943)

(1,611,384,928)

Profit before tax

7,346,183,466

3,517,898,048

(125,646,985,259)

Business income tax - current

(2,548,891,262)

(547,645,747)

(1,170,416,728)

Business income tax - deferred

(209,363,769)

(153,127,431)

144,568,616

Net income

4,587,928,435

2,817,124,870

(126,672,833,371)

Profit after tax of shareholders of parent company

4,587,928,435

2,817,124,870

(126,672,833,371)

Earnings per share

347

213

(9,581)

 

Financial Ratios

Financial Highlights

2011 Annual

2012 Annual

2013 Annual

Growth % 

Year-on-Year Growth

(12.72)

(18.93)

(41.46)

Profitability 

Profit Margin (%)

0.36

0.27

(20.89)

Return on Equity (%)

2.88

1.74

(367.40)

Return on Assets (%)

0.51

0.40

(20.79)

Leverage 

Total Debt Equity (Times)

4.63

3.40

16.67

Current Debt Equity (Times)

4.43

3.28

16.45

Long Term Debt to Equity

0.20

0.12

0.22

Total Asset To Total Equity

5.63

4.40

17.67

Asset Management 

Total Assets Turnover (Times)

1.43

1.46

1.00

Fixed Assets Turnover (Times)

6.55

5.24

3.02

Liquidity 

Current Ratio

0.99

0.97

0.72

 

 

FOREIGN EXCHANGE RATES

 

Today's Exchange rate

:

1.00 VND
Vietnam Dong

=

0.000047 USD
United States Dollars

 

 

ADDITIONAL INFORMATION

 

Primary Products

Products / Materials / Services Description

Activity

Cooked shrimps

Manufacturing, Exporting

Peeled shrimps

Manufacturing, Exporting

Processed seafoods

Manufacturing, Exporting

Processed shrimps

Manufacturing, Exporting

Shrimp pastes

Manufacturing, Exporting

 

SIC PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description

Code

Activity

Fish & Seafoods

5146

Trading

Fish Hatchery & Preserve

0921

Service

Fishing, Hunting, and Trapping

0900

Service

Food and Kindred Products

2000

Manufacturing, Exporting

Fresh/Frozen Fish/Seafoods, NEC

2092

Manufacturing, Exporting

 

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description

Code

Activity

Business services, health, financial/insur. legal/real estate, hotels, and misc repairs

9900

Service

Fish & crustaceans

0300

Trading

Food preparations

2106

Manufacturing, Exporting

Shrimps and prawns, breaded, frozen

1605201020

Manufacturing, Exporting

Shrimps and prawns, peeled, frozen

0306130040

Manufacturing, Exporting

Shrimps and prawns, prepared or preserved

1605201050

Manufacturing, Exporting

 

DETAILED PRODUCT CLASSIFICATION & ACTIVITY

Products / Materials / Services Description

Ranking

Activity

Shrimps, breaded

Primary

Manufacturing, Exporting

Black tiger shrimps

Secondary

Trading

Cat tiger shrimp

Secondary

Trading

Pink shrimp

Secondary

Trading

Shrimp breeding farm

Secondary

Service

 

CORE BUSINESS DESCRIPTION

Core Business

The primary business focus of CA MAU FROZEN SEAFOOD PROCESSING IMPORT EXPORT CORP is Manufacturing - Finished products.


Key products include :

Cooked shrimps

Peeled shrimps

Processed seafoods

Processed shrimps

Shrimp pastes

Shrimps, breaded


An integral part of the core business includes:

Distribution

 

Supplementary Business

In addition to the core business, CA MAU FROZEN SEAFOOD PROCESSING IMPORT EXPORT CORP also is engaged in the following areas of business:

Exporting

Exporting - Natural food items, Unprocessed (Meats, Produce or Seafood)

Exporting - Finished products

Importing

Importing - Raw materials

Service

Specialized professional services, including:

Fish farming

 

BANK DETAILS

Bank Name

:

AN BINH COMMERCIAL JOINT STOCK BANK JSC

Global Identifier

:

P1155469

Branch

:

District 1,Ho Chi Minh

Branch Address

:

AN BINH COMMERCIAL JOINT STOCK BANK JSC - BAC LIEU, BAC LIEU

SWIFT Code

:

ABBKVNVX

 

Bank Name

:

JOINT STOCK COMMERCIAL BANK FOR FOREIGN TRADE OF VIETNAM

Global Identifier

:

P1072025

Branch

:

Hanoi

Branch Address

:

JOINT STOCK COMMERCIAL BANK FOR FOREIGN TRADE OF VIETNAM - CA MAU

SWIFT Code

:

BFTVVNVX

 

Bank Name

:

SAIGON THUONG TIN COMMERCIAL BANK (SACOMBANK)

Global Identifier

:

P0024801

Branch

:

District 3,Ho Chi Minh

Branch Address

:

SAIGON THUONG TIN COMMERCIAL BANK (SACOMBANK) - CA MAU, CA MAU

SWIFT Code

:

SGTTVNVX

 

Bank Name

:

VIET NAM INT'L COMMERCIAL JOINT STOCK BANK

Global Identifier

:

P0741176

Branch

:

Dong Da,Hanoi

Branch Address

:

8Fl-10Fl Viet Tower Bldg 198B Tay Son Trung Liet Ward Dong Da Hanoi (Head Office)

SWIFT Code

:

VNIBVNVX

 

Bank Name

:

VIETNAM DEVELOPMENT BANK , THE

Global Identifier

:

P2215949

Branch Address

:

VIETNAM DEVELOPMENT BANK , THE - CAU MAU, MINH HAI

SWIFT Code

:

This bank does not have a SWIFT Code

 

INTERNATIONAL TRADE - Activity & Markets

Country / Region

Estimated level of importance

Trading Activity

Asia / Pacific

Medium

Importing, Exporting

Europe

Medium

Exporting

North America

Medium

Exporting

India

Medium

Importing

Japan

Medium

Exporting

USA

Medium

Exporting

 

QUALITY ACCREDITATION

Quality Accreditation Listings

#

Name

Accreditation Category

1

INTERNATIONAL STANDARDS ORGANIZATION (ISO)

9001:2000

2

INTERNATIONAL STANDARDS ORGANIZATION (ISO)

14001:2004

3

GOOD MANUFACTURING PRACTICE (GMP)

-

4

BRITISH RETAIL CONSORTIUM (BRC)

-

5

HAZARD ANALYSIS CRITICAL CONTROL POINT (HACCP)

-

 

PREVIOUS BUSINESS LICENSE/S

License Date

License No.

1977

n/a

12 Jan, 2006

6103000065

 

REAL ESTATE OWNERSHIP

The following property / ies are owned by CA MAU FROZEN SEAFOOD PROCESSING IMPORT EXPORT CORP :

Property Name

:

CA MAU FROZEN SEAFOOD PROCESSING IMPORT EXPORT CORP - CA MAU, CA MAU

Type of Property

:

Office & Administration

Address

:

333 Cao Thang St Ward 8, Ca Mau, Ca Mau

Office Size

:

16,000 Square meters

 

 

NOTES & COMMENTS

 

N/a

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.59.72

UK Pound

1

Rs.102.36

Euro

1

Rs.81.38

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

SDA

 

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.