MIRA INFORM REPORT

 

 

Report Date :

01.05.2014

 

IDENTIFICATION DETAILS

 

Name :

HANOI TRADE CORP

 

 

Registered Office :

38-40 Le Thai To St, Hoan Kiem Dist, Hanoi

 

 

Country :

Vietnam

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

June, 2010

 

 

Legal Form :

Corporation

 

 

Line of Business :

Manufacturer of Consumer Products

 

 

No. of Employees :

8,300

 

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 :

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

:

HANOI TRADE CORP

Address

:

38-40 Le Thai To St, Hoan Kiem Dist, Hanoi

Country

:

Vietnam

Phone (S)

:

[+84] 4-39285929

Facsimile

:

[+84] 4-39288407

Email

:

info@haprogrouop.vn

Website

:

http://www.haprogroup.com

Primary Business Activity

:

Manufacturer

Key Industry

:

Consumer Products

 

Registered Legal Address

:

38-40 Le Thai To St, Hoan Kiem Dist, Hanoi

Operational Address

:

38-40 Le Thai To St, Hoan Kiem Dist, Hanoi

Trading Name

:

HAPRO

Name History

:

Business Entity Name

Effective Date

SOUTH HANOI PRODUCTION SERVICE & EXPORT - IMPORT CO, THE

8 Feb, 1993

HANOI TRADE CORP

15 Oct, 2004

Issuing Authority

:

Dept. of Planning & Investment - Hanoi

License Number

:

0100101273

License Status

:

License exists - Normal.

Legal Form - Category

:

Government-owned Enterprise

Legal Form

:

Corporation

Legal Form - Abbreviation

:

CORP

Operational Status of Business

:

Normal

Date of Registration

:

Jun, 2010

Employees

:

8,300

Capital

:

US$ 110,377,395

 

Country

:

Vietnam

Business Entity Name

:

HANOI TRADE CORP

Primary Business Activity

:

Manufacturer

Primary Industry

:

Consumer Products

 

Office Contact Details

Operating Address

:

38-40 Le Thai To St, Hoan Kiem Dist, Hanoi

Tel

:

[+84] 4-39285929

 

:

[+84] 4-38267984

Fax

:

[+84] 4-39288407

 

:

[+84] 4-38267983

Email

:

info@haprogrouop.vn
hap@fpt.vn
vanphong@haprogroup.com

 

Website Details

Website

:

http://www.haprogroup.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

:

0100101273

 

 

DIRECTORS/MANAGEMENT

 

Key Person

Legal Title

:

Chairman

Name

:

Mr. Nguyen Huu Thang

Nationality

:

Vietnamese

 

 

COMPANY MANAGEMENT

Management Listings

 

Name

Nationality

Job Description

Dept. / Division

1

Ms. To Thanh Huyen

Vietnamese

Chief Accountant

-

2

Mr. Chu Xuan Kien

Vietnamese

Deputy Managing Director

-

3

Mr. Vu Thanh Son

Vietnamese

Managing Director

-

4

Mr. Truong Minh Thanh

Vietnamese

Deputy Managing Director

-

 

Management Details - 1

Personal Unique Identifier

:

MI02989360

Name

:

Ms. To Thanh Huyen

 

Date of Birth

:

1961

 

Management Details - 2

Personal Unique Identifier

:

MI02989352

Name

:

Mr. Chu Xuan Kien

 

Date of Birth

:

1964

 

Management Details - 3

Personal Unique Identifier

:

MI02286116

Name

:

Mr. Vu Thanh Son

 

Date of Birth

:

1964

 

Management Details - 4

Personal Unique Identifier

:

MI02989354

Name

:

Mr. Truong Minh Thanh

 

Date of Birth

:

1960

 

COMPANY DIRECTORS

1

 

 

Personal Unique Identifier

:

MI02989359

Name

:

Mr. Nguyen Huu Thang

Date of Birth

:

1957

 

2

 

 

Personal Unique Identifier

:

MI02286116

Name

:

Mr. Vu Thanh Son

Date of Birth

:

1964

NEGATIVE INFORMATION

 

REPUTATION

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

 

 

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

 

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

:

₫ 2,300,000,000,000

 

Date

Authorized Capital - History

8 Feb, 1993

554,000,000,000

2004

2,300,000,000,000

 

SHAREHOLDERS

Total number of shareholders

:

1

Total number of shares

:

n/a

 

Currency

:

VND - Vietnam Dong

 

No.

Shareholders

Country

Shares

Number

Amount (VND)

%

1

HANOI PEOPLE'S COMMITTEE

Vietnam

n/a

n/a

100.00

Total

n/a

n/a

100.00

 

PAYMENT INFORMATION

 

DOMESTIC SALES & PURCHASES

Annual Sales Analysis

Percentage

Domestic Sales

40%

International Sales (Export)

60%

 

 

Annual Purchases Analysis

Percentage

Local Purchases

30%

Imports

70%

 

 

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

 

RELATED PARTIES (Subsidiaries , Joint-ventures & Affiliates)

The following provides a summary of the number of businesses that are related to HANOI TRADE CORP:

 

TYPE

DOMESTIC

TOTAL

Subsidiaries

18

Joint-Ventures

-

Minority shareholdings

1

Affiliates

17

Domestic

Business Entity Name

:

ASIA EAST JSC

Global Identifier

:

P1936969

Country

:

Vietnam

Relationship

:

Affiliate

 

Business Entity Name

:

BAT TRANG CERAMIC JSC

Global Identifier

:

P1937074

Country

:

Vietnam

Relationship

:

Subsidiary

 

Business Entity Name

:

BOHEMIA CRYSTAL HANOI CO LTD

Global Identifier

:

P1936944

Country

:

Vietnam

Relationship

:

Affiliate

 

Business Entity Name

:

CHO BUOI JSC

Global Identifier

:

P1937091

Country

:

Vietnam

Relationship

:

Subsidiary

 

Business Entity Name

:

HANOI BUILDING INVESTMENT & GLASS JSC

Global Identifier

:

P1937086

Country

:

Vietnam

Relationship

:

Subsidiary

 

Business Entity Name

:

HANOI BUILDING MATERIAL JSC

Global Identifier

:

P1937082

Country

:

Vietnam

Relationship

:

Subsidiary

 

Business Entity Name

:

HANOI COMMERCIAL IMPORT EXPORT JSC

Global Identifier

:

P1936972

Country

:

Vietnam

Relationship

:

Affiliate

 

Business Entity Name

:

HANOI FOOD STATE OWN - MEMBER CO LTD

Global Identifier

:

P1937113

Country

:

Vietnam

Relationship

:

Subsidiary

 

Business Entity Name

:

HANOI IMPORT EXPORT & INVESTMENT CORP

Global Identifier

:

P0769905

Country

:

Vietnam

Relationship

:

Subsidiary

Operational Address

:

201 Kham Thien, Tho Quang Ward, Dong Da, Hanoi

Primary Business Activity

:

Trader

Industry

:

Consumer Products

 

Business Entity Name

:

HANOI IMPORT-EXPORT DEVELOPMENT INVESTMENT JSC

Global Identifier

:

P1936974

Country

:

Vietnam

Relationship

:

Affiliate

 

Business Entity Name

:

HANOI INVESTMENT TRADING & SERVICES GENERAL JSC

Global Identifier

:

P1144739

Country

:

Vietnam

Relationship

:

Affiliate

Operational Address

:

12 Lane 84 Ngoc Khanh St Ngoc Khanh Ward, Ba Dinh, Hanoi

Primary Business Activity

:

Trader

Industry

:

Consumer Products

 

Business Entity Name

:

HANOI MANUFACTURING IMPORT EXPORT AGRICULTURAL PRODUCTS CO

Global Identifier

:

P1937103

Country

:

Vietnam

Relationship

:

Subsidiary

 

Business Entity Name

:

HANOI MILK JSC

Global Identifier

:

P0170703

Country

:

Vietnam

Relationship

:

Affiliate

Operational Address

:

Quang Minh Industrial Zone Km 9 Bac Thang Long Noi Bai St, Hanoi

Primary Business Activity

:

Manufacturer

Industry

:

Food Products

 

Business Entity Name

:

HANOI OPTIC JSC

Global Identifier

:

P1936945

Country

:

Vietnam

Relationship

:

Affiliate

 

Business Entity Name

:

HANOI PLAZA LTD CO , THE

Global Identifier

:

P0197712

Country

:

Vietnam

Relationship

:

Minority shareholding

Operational Address

:

Hai Ba Trung Dist, Hanoi

Primary Business Activity

:

Service

Industry

:

Construction & Construction Materials

 

Business Entity Name

:

HANOI TRADE & INVESTMENT CO

Global Identifier

:

P1937101

Country

:

Vietnam

Relationship

:

Subsidiary

 

Business Entity Name

:

HANOI TRADE CORP - HO CHI MINH CITY BRANCH

Global Identifier

:

P1060836

Country

:

Vietnam

Relationship

:

Subsidiary

Operational Address

:

77-79 Pho Duc Chinh St, District 1, Ho Chi Minh

Primary Business Activity

:

Manufacturer

Industry

:

Agricultural Products

 

Business Entity Name

:

HANOI TRADE DEVELOPMENT JSC

Global Identifier

:

P1936956

Country

:

Vietnam

Relationship

:

Affiliate

 

Business Entity Name

:

HANOI TRADING SERVICE FASHION CO

Global Identifier

:

P1937105

Country

:

Vietnam

Relationship

:

Subsidiary

 

Business Entity Name

:

HAPRO DISTILLERY JSC

Global Identifier

:

P1937076

Country

:

Vietnam

Relationship

:

Subsidiary

 

Business Entity Name

:

HAPRO HERBAL WINE JSC

Global Identifier

:

P1936976

Country

:

Vietnam

Relationship

:

Affiliate

 

Business Entity Name

:

HAPRO PURE WATER JSC

Global Identifier

:

P1936954

Country

:

Vietnam

Relationship

:

Affiliate

 

Business Entity Name

:

HAPRO SERVICE JSC

Global Identifier

:

P1936961

Country

:

Vietnam

Relationship

:

Affiliate

 

Business Entity Name

:

HAPRO SUPPLY RATION OF INDUSTRY JSC

Global Identifier

:

P1936949

Country

:

Vietnam

Relationship

:

Affiliate

 

Business Entity Name

:

HAPRO TRAVEL JSC

Global Identifier

:

P1937098

Country

:

Vietnam

Relationship

:

Subsidiary

 

Business Entity Name

:

IMPORT - EXPORT SOUTHERN HANOI JSC

Global Identifier

:

P1937090

Country

:

Vietnam

Relationship

:

Subsidiary

 

Business Entity Name

:

LIVE STOCK PRODUCTION & TRADING JSC

Global Identifier

:

P1937088

Country

:

Vietnam

Relationship

:

Subsidiary

 

Business Entity Name

:

LIXEHA JSC

Global Identifier

:

P1936947

Country

:

Vietnam

Relationship

:

Affiliate

 

Business Entity Name

:

LONG BIEN TRADE INVESTMENT JSC

Global Identifier

:

P1937093

Country

:

Vietnam

Relationship

:

Subsidiary

 

Business Entity Name

:

LONG SON JSC

Global Identifier

:

P1936967

Country

:

Vietnam

Relationship

:

Affiliate

Operational Address

:

Tan Binh Industrial Park Lot 3-23 A Rd 19/5A, Tan Phu Dist, Ho Chi Minh

Primary Business Activity

:

Manufacturer

Industry

:

Food Products

 

Business Entity Name

:

PHUONG NAM PUNA JSC

Global Identifier

:

P1937095

Country

:

Vietnam

Relationship

:

Subsidiary

 

Business Entity Name

:

THANG LONG WINE JSC

Global Identifier

:

P1936959

Country

:

Vietnam

Relationship

:

Affiliate

 

Business Entity Name

:

THUY TA JSC

Global Identifier

:

P1937084

Country

:

Vietnam

Relationship

:

Subsidiary

 

Business Entity Name

:

TRADITIONAL FOOD JSC

Global Identifier

:

P1936951

Country

:

Vietnam

Relationship

:

Affiliate

 

Business Entity Name

:

TRANG THI TRADE & SERVICE CO

Global Identifier

:

P1937107

Country

:

Vietnam

Relationship

:

Subsidiary

 

Business Entity Name

:

VIET BAC CO LTD

Global Identifier

:

P0241775

Country

:

Vietnam

Relationship

:

Affiliate

Operational Address

:

189 Chua Boc, Dong Da, Hanoi

Primary Business Activity

:

Trader

Industry

:

Garments & Accessories

 

 

FINANCIAL INFORMATION

 

Financials - Summary  (Currency: USD - US Dollar)

Year

Sales

Assets

Net Income

2010 Annual  

125,339,610

77,743,509

334,069

2011 Annual  

133,831,301

91,198,320

361,162

2012 Annual (*)

110,180,862

105,775,220

299,645

 

Sales Trend – Analysis

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

-

-

-

-

-

-

-

-

http://www.asiancredit.com/Manage/image/up_arrow_04.gif

http://www.asiancredit.com/Manage/image/down_arrow_04.gif

Note: (*)

Financials listed are the most recent available for this company.

 

FINANCIAL STATEMENT - DETAILED

Balance Sheet

Currency

:

VND

Denomination

:

1

Financial Year Ending

:

December

Financial Highlights

2010 Annual

2011 Annual

2012 Annual

Current Assets

977,969,000,000

1,181,557,000,000

1,206,165,000,000

Non Current Assets

537,252,000,000

718,104,000,000

996,568,000,000

Non Current Liabilities

115,702,000,000

299,576,000,000

585,715,000,000

Other long term assets 

Total Assets

1,515,221,000,000

1,899,661,000,000

2,202,733,000,000

Total Liabilities

1,093,497,000,000

1,460,204,000,000

1,765,214,000,000

Current Liabilities

977,795,000,000

1,160,628,000,000

1,179,499,000,000

Long term liabilities 

Shareholders Funds

421,724,000,000

439,457,000,000

437,519,000,000

 

Current assets & short term investments

977,969,000,000

1,181,557,000,000

1,206,165,000,000

Cash & cash equivalents

95,466,000,000

54,191,000,000

105,519,000,000

Cash

95,466,000,000

54,191,000,000

105,519,000,000

Short term investments

88,666,000,000

135,311,000,000

138,710,000,000

Short term securities investments

88,666,000,000

135,311,000,000

138,710,000,000

Accounts receivable

603,937,000,000

700,126,000,000

594,507,000,000

Accounts receivable trade

201,305,000,000

303,830,000,000

251,220,000,000

Trade prepayment

208,970,000,000

185,260,000,000

226,930,000,000

Others receivables

205,036,000,000

222,389,000,000

127,600,000,000

Provision for bad debts

(11,374,000,000)

(11,353,000,000)

(11,243,000,000)

Inventories

134,271,000,000

228,195,000,000

283,290,000,000

Inventories I

134,271,000,000

228,195,000,000

283,290,000,000

Other short term asset

55,629,000,000

63,734,000,000

84,139,000,000

Prepaid expenses

2,206,000,000

2,665,000,000

1,056,000,000

VAT deductible

32,519,000,000

32,054,000,000

47,233,000,000

Other tax receivables

6,979,000,000

8,488,000,000

7,833,000,000

Other short term asset I

13,925,000,000

20,527,000,000

28,017,000,000

Long term assets

537,252,000,000

718,104,000,000

996,568,000,000

Accounts of long term receivable

2,300,000,000

1,300,000,000

100,000,000

Other long term receivables

2,300,000,000

1,300,000,000

100,000,000

Fixed assets

206,462,000,000

307,254,000,000

474,524,000,000

Tangible fixed assets

118,037,000,000

117,773,000,000

154,077,000,000

Cost

175,321,000,000

170,032,000,000

211,402,000,000

Accumulated depreciation

57,284,000,000

52,259,000,000

57,325,000,000

Intangible fixed assets

1,295,000,000

1,582,000,000

2,033,000,000

Cost I

2,418,000,000

2,908,000,000

3,466,000,000

Accumulated depreciation I

1,123,000,000

1,326,000,000

1,433,000,000

Construction in progress

87,130,000,000

187,899,000,000

318,414,000,000

Investment immovable property

30,859,000,000

38,726,000,000

37,460,000,000

Cost II

33,856,000,000

44,212,000,000

44,212,000,000

Accumulated depreciation II

2,997,000,000

5,486,000,000

6,752,000,000

Long term investments

228,717,000,000

270,387,000,000

287,212,000,000

Invest to subsidiary company

68,600,000,000

84,289,000,000

89,413,000,000

Invest to joint venture company

128,947,000,000

150,842,000,000

162,600,000,000

Other long term investments

31,170,000,000

35,256,000,000

35,199,000,000

Other long term assets

68,914,000,000

100,437,000,000

197,272,000,000

Long term prepayments

68,914,000,000

100,437,000,000

197,272,000,000

Total assets

1,515,221,000,000

1,899,661,000,000

2,202,733,000,000

Liabilities

1,093,497,000,000

1,460,204,000,000

1,765,214,000,000

Current liabilities

977,795,000,000

1,160,628,000,000

1,179,499,000,000

Short term borrowings

439,266,000,000

696,596,000,000

1,047,470,000,000

Accounts payables-trade

104,710,000,000

107,338,000,000

88,745,000,000

Advances from customers

72,834,000,000

13,150,000,000

11,751,000,000

Taxes and payable to state budget

688,000,000

1,774,000,000

3,087,000,000

Payable to employees

8,536,000,000

6,347,000,000

9,985,000,000

Accrued expenses payable

1,154,000,000

832,000,000

3,740,000,000

Other payables

350,607,000,000

334,591,000,000

9,872,000,000

Bonus and welfare funds I

-

-

4,849,000,000

Long term liabilities

115,702,000,000

299,576,000,000

585,715,000,000

Accounts long term payables-trade

-

-

40,587,000,000

Long term other payables

62,814,000,000

189,821,000,000

282,057,000,000

Long term borrowings

51,889,000,000

108,138,000,000

167,382,000,000

Provision funds for unemployment

999,000,000

1,617,000,000

-

Deffered revenue

-

-

95,689,000,000

Owners' equity

421,724,000,000

439,457,000,000

437,519,000,000

Owners' equity I

419,099,000,000

437,341,000,000

437,519,000,000

Business capital

332,042,000,000

343,240,000,000

346,988,000,000

Foreign exchange differences

(286,000,000)

(292,000,000)

-

Business development funds

6,599,000,000

7,862,000,000

10,062,000,000

Financial reserved funds

4,062,000,000

2,971,000,000

4,297,000,000

Retained earnings

8,679,000,000

7,389,000,000

-

Capital investment sources

68,003,000,000

76,171,000,000

76,172,000,000

Budget sources

2,625,000,000

2,116,000,000

-

Bonus and welfare funds

2,625,000,000

2,116,000,000

-

Total resources

1,515,221,000,000

1,899,661,000,000

2,202,733,000,000

 

Income Statement

Currency

:

VND

Denomination

:

1

Financial Year Ending

:

December

Financial Highlights

2010 Annual

2011 Annual

2012 Annual

Turnover

2,442,869,000,000

2,787,706,000,000

2,294,479,000,000

Profit (Loss) Before Tax

6,511,000,000

7,523,000,000

6,240,000,000

Profit After Tax attributable to Shareholders

6,511,000,000

7,523,000,000

6,240,000,000

 

Gross sales

2,442,869,000,000

2,787,706,000,000

2,294,479,000,000

Less deductions

1,007,000,000

548,000,000

957,000,000

Net income

2,441,862,000,000

2,787,158,000,000

2,293,522,000,000

Cost of goods sold

2,266,861,000,000

2,585,438,000,000

2,080,357,000,000

Gross margin

175,001,000,000

201,720,000,000

213,165,000,000

Income from financial activities

97,238,000,000

108,287,000,000

90,647,000,000

Expenses from financial activities

55,424,000,000

92,226,000,000

86,012,000,000

In which: Interest expenses

49,182,000,000

84,552,000,000

83,899,000,000

Selling expenses

158,474,000,000

150,007,000,000

144,423,000,000

General & administration expenses

56,528,000,000

66,917,000,000

69,001,000,000

Net income from operating activities

1,813,000,000

857,000,000

4,376,000,000

Extraordinary income

9,701,000,000

15,931,000,000

12,983,000,000

Extraordinary expenses

5,003,000,000

9,265,000,000

11,119,000,000

Extraordinary gains

4,698,000,000

6,666,000,000

1,864,000,000

Net profit before tax

6,511,000,000

7,523,000,000

6,240,000,000

Net profit after tax

6,511,000,000

7,523,000,000

6,240,000,000

 

 

Financial Ratios

Financial Highlights

2010 Annual

2011 Annual

2012 Annual

Growth % 

Year-on-Year Growth

-

14.12

(17.69)

Profitability 

Profit Margin (%)

0.27

0.27

0.27

Return on Equity (%)

1.54

1.71

1.43

Return on Assets (%)

0.43

0.40

0.28

Leverage 

Total Debt Equity (Times)

2.59

3.32

4.03

Current Debt Equity (Times)

2.32

2.64

2.70

Long Term Debt to Equity

0.27

0.68

1.34

Total Asset To Total Equity

3.59

4.32

5.03

Asset Management 

Total Assets Turnover (Times)

1.61

1.47

1.04

Fixed Assets Turnover (Times)

4.55

3.88

2.30

Liquidity 

Current Ratio

1.00

1.02

1.02

 

Based on the corporate laws of Vietnam, legal entities which are Government-owned Enterprise are not required to make public disclosure of their annual financials. Although financials were obtained for reference.

 

 

FOREIGN EXCHANGE RATES

 

Today's Exchange rate

:

1.00 VND
Vietnam Dong

=

0.000048 USD
United States Dollars

 

 

ADDITIONAL INFORMATION

 

Primary Products

Products / Materials / Services Description

Activity

Abattoirs

Manufacturing, Trading

Agricultural products

Manufacturing, Trading

Canned foods

Manufacturing, Trading

Cashew nuts

Manufacturing, Trading

Ceramic ware

Manufacturing, Trading

 

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

Year

Imports

Exports

Total

2010

n/a

75,203,766

75,203,766

2011

n/a

80,298,781

80,298,781

2012

n/a

66,108,517

66,108,517

 

SIC PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description

Code

Activity

Agricultural Production-Crops

0100

Manufacturing, Trading

Brassieres and allied garments

2342

Manufacturing, Trading

Canned specialties

2032

Manufacturing, Trading

Ceramic articles, nspf

3269

Manufacturing, Trading

Fluid milk and cream, and related products

2026

Manufacturing, Trading

Food and Kindred Products

2000

Manufacturing, Trading

Food products, nspf

2099

Manufacturing, Trading

Gift, Novelty & Souvenir Shops

5947

Manufacturing, Trading

Glass & Glazing Work

1793

Manufacturing, Trading

Ice cream

2024

Manufacturing, Trading

 

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description

Code

Activity

Cashew nuts, fresh or dried, whether or not shelled or peeled

0801300000

Manufacturing, Trading

Ceramic articles nesoi

6914900000

Manufacturing, Trading

Ceramic products

6900

Manufacturing, Trading

Food preparations

2106

Manufacturing, Trading

Food preparations not elsewhere specified or included, canned

2106906592

Manufacturing, Trading

Garments made up of felts or nonwovens nesoi, not knitted or crocheted

6210104020

Manufacturing, Trading

Garments nesoi, knitted or crocheted

6114

Manufacturing, Trading

Garments, knit etc, coated etc rubber, plastic etc

6113

Manufacturing, Trading

Glass & glassware

7000

Manufacturing, Trading

Handbags,outer surface of textile materials,wholly or part of braid, of abaca

4202223500

Manufacturing, Trading

 

DETAILED PRODUCT CLASSIFICATION & ACTIVITY

Products / Materials / Services Description

Ranking

Activity

Crystal glasswares

Primary

Manufacturing, Trading

Foodstuffs

Primary

Manufacturing, Trading

Garments

Primary

Manufacturing, Trading

Giftware products

Primary

Manufacturing, Trading

Handbags

Primary

Manufacturing, Trading

Handicrafts

Primary

Manufacturing, Trading

Ice

Primary

Manufacturing, Trading

Ice cream

Primary

Manufacturing, Trading

Instant noodle

Primary

Manufacturing, Trading

Milk

Primary

Manufacturing, Trading

Packaging

Secondary

Service

 

CORE BUSINESS DESCRIPTION

Core Business

The primary business focus of HANOI TRADE CORP is Manufacturing - Finished products.

Key products include :

Abattoirs

Agricultural products

Canned foods

Cashew nuts

Ceramic ware

Crystal glasswares

Foodstuffs

Garments

Giftware products

Handbags

Handicrafts

Ice

Ice cream

Instant noodle

Milk

Processed food

Purified drinking water

Sausage

Vodka

Wines

Wood chip


An integral part of the core business includes:

Distribution

 

Supplementary Business

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

Exporting

Exporting - Finished products

Importing

Importing - Raw materials

 

BANK DETAILS

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 - HANOI

SWIFT Code

:

BFTVVNVX

 

Bank Name

:

JOINT STOCK COMMERCIAL BANK FOR INVESTMENT & DEVELOPMENT OF VIETNAM

Global Identifier

:

32400483

Branch

:

Hoan Kiem Dist,Hanoi

Branch Address

:

BANK FOR INVESTMENT

SWIFT Code

:

BIDVVNVX

 

Bank Name

:

TIEN PHONG COMMERCIAL JOINT STOCK BANK

Global Identifier

:

P1088722

Branch

:

Cau Giay Dist,Hanoi

Branch Address

:

FPT Bldg Section B2 Dich Vong Hau Ward Cau Giay Dist Hanoi (Head Office)

SWIFT Code

:

This bank does not have a SWIFT Code

 

Bank Name

:

VIETNAM JOINT STOCK COMMERCIAL BANK FOR INDUSTRY & TRADE

Global Identifier

:

32404058

Branch

:

Hoan Kiem Dist,Hanoi

Branch Address

:

VIETNAM JOINT STOCK COMMERCIAL BANK FOR INDUSTRY

SWIFT Code

:

ICBVVNVX

 

LOCAL BRANCHES & MANAGEMENT

Branch

:

HANOI TRADE CORP - HO CHI MINH

Branch Address

:

77-79 Pho Duc Chinh St Nguyen Thai Binh Ward, Ho Chi Minh

Branch Tel

:

84-83-8216253

Branch Fax

:

84-83-8216250

License Status

:

License exists - Normal.

 

Branch

:

HANOI TRADE CORP - HANOI

Branch Address

:

48 Ngo Trai Ca Phuong Truong Dinh Quan Hai Ba Trung Thanh Pho, Hanoi

 

Branch

:

HANOI TRADE CORP - HOAN KIEM DIST, HANOI

Branch Address

:

11B Trang Thi St, Hoan Kiem Dist, Hanoi

 

INTERNATIONAL TRADE - Activity & Markets

Country / Region

Estimated level of importance

Trading Activity

Asia / Pacific

Medium

Importing, Exporting

Europe

Medium

Importing, Exporting

North America

Medium

Importing

Canada

Medium

Importing

China

Medium

Importing

Germany

Medium

Importing

Japan

Medium

Importing

Russia

Medium

Exporting

Singapore

Medium

Importing

USA

Medium

Importing

 

OVERSEAS CUSTOMERS

Business Entity Name

Global Identifier

Country

ANGSTREM TRADING CO LTD

P2080682

Russia

 

PREVIOUS BUSINESS LICENSE/S

License Date

License No.

8 Feb, 1993

105814

11 Aug, 2004

125/2004/QD UBND

15 Oct, 2004

0106000347

 

REAL ESTATE OWNERSHIP

The following property / ies are owned by HANOI TRADE CORP :

Property Name

:

HANOI TRADE CORP - HOAN KIEM DIST, HANOI

Type of Property

:

Office & Administration

Address

:

38-40 Le Thai To St, Hoan Kiem Dist, Hanoi

Office Size

:

5,000 Square meters

 

 

NOTES & COMMENTS

 

N/a

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.60.34

UK Pound

1

Rs.101.45

Euro

1

Rs.83.31

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

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.