MIRA INFORM REPORT

 

 

Report Date :

17.06.2014

 

IDENTIFICATION DETAILS

 

Name :

VIETNAM MADE CO LTD

 

 

Registered Office :

LB 29, St 24 An Phu Ward, District 2, Ho Chi Minh

 

 

Country :

Vietnam

 

 

Date of Incorporation :

15.07.2013

 

 

Legal Form :

Private Company with Limited Liability

 

 

Line of Business :

Exporter of Machinery

 

 

No. of Employees

10

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

 

--

NB

New Business

--

 

Status :

New Business

Payment Behaviour :

Unknown

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

Moderate Low Risk

 

B1

Moderate Risk

 

B2

Moderate 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

 

 

 

Company name and address

 

Company Details

 

Organization Name

:

VIETNAM MADE CO LTD(1)

Address

:

LB 29, St 24 An Phu Ward, District 2, Ho Chi Minh

Country

:

Vietnam

Phone (S)

:

[+84] 8-66743027

Facsimile

:

[+84] 8-37407818

Email

:

vnmade@gmail.com

Website

:

http://www.handvietnam.com

Primary Business Activity

:

Exporter

Key Industry

:

Machinery

 

Key Facts

 

Registered Legal Address

:

LB 29, St 24 An Phu Ward, District 2, Ho Chi Minh

Operational Address

:

LB 29, St 24 An Phu Ward, District 2, Ho Chi Minh

Issuing Authority

:

Dept. of Planning & Investment - Ho Chi Minh

License Number

:

0312355015

License Status

:

License exists - Normal.

Legal Form - Category

:

Private Company with Limited Liability

Legal Form

:

Company Limited

Legal Form - Abbreviation

:

CO LTD

Operational Status of Business

:

Normal

Date of Registration

:

15 Jul, 2013

Employees

:

10

Capital

:

US$ 85,349

Note

:

(1) Legal status of the English corporate name
The English name of the Subject Business Entity (SBE) is a randomly selected translation / transliteration made by the owners of the SBE. It is not a registered English corporate name, but simply a translation / transliteration of the local language name.

 

 

Report Details

 

 

 

Country

:

Vietnam

Business Entity Name

:

VIETNAM MADE CO LTD

Primary Business Activity

:

Exporter

Primary Industry

:

Machinery

Office Contact Details

Operating Address

:

LB 29, St 24 An Phu Ward, District 2, Ho Chi Minh

Tel

:

[+84] 8-66743027

 

:

[+84] 8-35034307

Mobile

:

[+84]-975508866

Fax

:

[+84] 8-37407818

Email

:

vnmade@gmail.com

Website Details

Website

:

http://www.handvietnam.com

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

:

0312355015

 

 

 

DIRECTORS/MANAGEMENT

 

Key Person

Legal Title

:

Managing Director

Name

:

Ms. Pham Thi Thanh Ha

Nationality

:

Vietnamese

 

 

COMPANY DIRECTORS

 

1

 

 

Personal Unique Identifier

:

MI03618939

Name

:

Ms. Pham Thi Thanh Ha

Date of Birth

:

1982

 

 

NEGATIVE INFORMATION

 

 

REPUTATION

 

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.

 

 

NEGA-SCAN - ADVERSE DATA MONITORING

 

 

DISHONORED CHECKS

 

No Record Found

 

http://www.asiancredit.com/Manage/Image/space.gif

 

DEBT

 

No Record Found

 

http://www.asiancredit.com/Manage/Image/space.gif

 

CIVIL LITIGATION

 

No Record Found

 

http://www.asiancredit.com/Manage/Image/space.gif

 

PERFORMANCE DEFAULTS

 

No Record Found

 

http://www.asiancredit.com/Manage/Image/space.gif

 

ADVERSE LOCAL MEDIA COVERAGE / ADVERSE FILING HISTORY

 

No Record Found

 

http://www.asiancredit.com/Manage/Image/space.gif

 

 

 

SHARE & SHARE CAPITAL INFORMATION

 

 

CAPITAL (Currency: VND - Vietnam Dong)

 

Authorized Capital

:

₫ 1,800,000,000

 

 

SHAREHOLDERS

 

Total number of shareholders

:

1

Total number of shares

:

n/a

 

Currency

:

VND - Vietnam Dong

 

No.

Shareholders

Country

Shares

Number

Amount (VND)

%

1

Ms. Pham Thi Thanh Ha

Vietnam

n/a

n/a

100.00

Total

n/a

n/a

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

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

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Na

 

 

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

 

Today's Exchange rate

:

1.00 VND
Vietnam Dong

=

0.000047 USD
United States Dollars

 

ADDITIONAL INFORMATION

 

Primary Products

Products / Materials / Services Description

Activity

Agricultural equipment

Exporting

Agricultural machinery

Exporting

Diesel engines

Exporting

Gasoline engines

Exporting

Industrial equipment

Exporting

 

 

SIC PRODUCT CLASSIFICATION & ACTIVITY

 

 

 

Product/Service Description

Code

Activity

Farm machinery and equipment, and parts, nspf

3523

Exporting

Farm/Garden Machinery/Equip

5083

Exporting

Fluid power pumps and motors, and parts, nspf

3594

Exporting

Fluid transfer power valves, and parts thereof

3492

Exporting

General industrial machinery and equipment, and parts, nspf

3569

Exporting

Industrial Machinery & Equipment

3500

Exporting

 

 

 

 

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

 

 

 

Product/Service Description

Code

Activity

Agri etc & poultry etc equip, inc incubators, parts

8436

Exporting

Agricult etc mach for soil etc; lawn rollers; parts

8432

Exporting

Engines and motors nesoi, and parts thereof

8412

Exporting

Machines etc having individual functions nesoi, parts

8479

Exporting

Pumps for liquids; liquid elevators; parts thereof

8413

Exporting

 

 

 

 

DETAILED PRODUCT CLASSIFICATION & ACTIVITY

 

 

 

Products / Materials / Services Description

Ranking

Activity

Industrial machinery

Primary

Exporting

Power tillers

Primary

Exporting

Water pumps

Primary

Exporting

 

 

 

CORE BUSINESS DESCRIPTION

 

 

 

Core Business

 

The primary business focus of VIETNAM MADE CO LTD is Exporting - Finished products.

Key products include :

Agricultural equipment

Agricultural machinery

Diesel engines

Industrial equipment

Industrial machinery

 

 

 

DOMESTIC SALES & PURCHASES

 

 

 

Annual Sales Analysis

Percentage

Domestic Sales

0%

International Sales (Export)

100%

 

 

 

 

Annual Purchases Analysis

Percentage

Local Purchases

100%

Imports

0%

 

 

 

 

BANK DETAILS

 

 

 

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

 

 

 

INTERNATIONAL TRADE - Activity & Markets

 

 

 

 

Country / Region

Estimated level of importance

Trading Activity

Africa

Medium

Exporting

Asia / Pacific

Medium

Exporting

Middle-East

Medium

Exporting

North America

Medium

Exporting

Benin

Medium

Exporting

Brazil

Medium

Exporting

Cambodia

Medium

Exporting

Canada

Medium

Exporting

Chile

Medium

Exporting

Dominican Republic

Medium

Exporting

Guatemala

Medium

Exporting

Haiti

Medium

Exporting

India

Medium

Exporting

Indonesia

Medium

Exporting

Iran

Medium

Exporting

Iraq

Medium

Exporting

Japan

Medium

Exporting

Korea, South (Republic of Korea)

Medium

Exporting

Laos

Medium

Exporting

Madagascar

Medium

Exporting

Malaysia

Medium

Exporting

Myanmar

Medium

Exporting

Nigeria

Medium

Exporting

Panama

Medium

Exporting

Philippines

Medium

Exporting

Sri Lanka

Medium

Exporting

Thailand

Medium

Exporting

United Arab Emirates

Medium

Exporting

Yemen (Sanna)

Medium

Exporting

 

 

 

 

REAL ESTATE OWNERSHIP

 

 

 

The following property / ies are owned by VIETNAM MADE CO LTD :

 

 

 

Property Name

:

VIETNAM MADE CO LTD - DISTRICT 2, HO CHI MINH

Type of Property

:

Office & Administration

Address

:

LB 29, St 24 An Phu Ward, District 2, Ho Chi Minh

Office Size

:

400 Square meters

 

 

 

NOTES & COMMENTS

 

Na

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.60.01

UK Pound

1

Rs.101.99

Euro

1

Rs.81.25

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

Report Prepared by :

NIS

 

               

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.