MIRA INFORM REPORT
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Report Date : |
16.10.2014 |
IDENTIFICATION DETAILS
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Name : |
TM IMPORT EXPORT JSC |
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Registered Office : |
12 Lo Ren Hamlet Dong Dang Town, Cao Loc, Lang Son |
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Country : |
Vietnam |
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Date of Incorporation : |
29.05.2013 |
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Legal Form : |
Joint Stock
Company |
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Line of Business : |
Subject is engaged in specialized professional services, including:
customs clearance |
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No. of Employees : |
6 |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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-- |
NB |
New Business |
-- |
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Status : |
New Business |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 1, 2014
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Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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Vietnam |
B1 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
VIETNAM - ECONOMIC OVERVIEW
Vietnam is a
densely-populated developing country that has been transitioning from the
rigidities of a centrally-planned economy since 1986. Vietnamese authorities have
reaffirmed their commitment to economic modernization in recent years. Vietnam
joined the World Trade Organization in January 2007, which has promoted more
competitive, export-driven industries. Vietnam became an official negotiating
partner in the Trans-Pacific Partnership trade agreement in 2010. Agriculture's
share of economic output has continued to shrink from about 25% in 2000 to less
than 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.
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Source
: CIA |
REGISTERED
NAME & COMPANY SUMMARY
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Organization Name |
: |
TM IMPORT EXPORT JSC |
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Address |
: |
12 Lo Ren Hamlet Dong Dang Town, Cao Loc, Lang Son |
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Country |
: |
Vietnam |
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Phone (S) |
: |
[+84] 25-3854007 |
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Facsimile |
: |
[+84] 25-3855389 |
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Primary Business Activity |
: |
Service |
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Key Industry |
: |
Professional Services |
Key
Facts
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Registered Legal Address |
: |
12 Lo Ren Hamlet Dong Dang Town, Cao Loc, Lang Son |
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Operational Address |
: |
12 Lo Ren Hamlet Dong Dang Town, Cao Loc, Lang Son |
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Trading Name |
: |
TM |
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Issuing Authority |
: |
Department of Planning and Investment - National |
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License Number |
: |
4900761389 |
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License Status |
: |
License exists - Normal. |
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Legal Form - Category |
: |
Joint Stock Company |
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Legal Form |
: |
Joint Stock Company |
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Legal Form - Abbreviation |
: |
JSC |
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Operational Status of Business |
: |
Normal |
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Date of Registration |
: |
29 May, 2013 |
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Employees |
: |
6 |
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Capital |
: |
US$ 415,120 |
DIRECTORS/MANAGEMENT
KEY PERSON
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Legal Title |
: |
Managing Director |
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Name |
: |
Ms. Bui Thi Thu Huong |
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Nationality |
: |
Vietnamese |
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COMPANY DIRECTORS |
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NEGATIVE
INFORMATION
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REPUTATION |
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Due to the recent incorporation of the TM IMPORT EXPORT JSC,
and the relatively small nature of its business, no meaningful points of
reference in terms of reputation within the respective industry was possible.
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NEGA-SCAN - ADVERSE DATA MONITORING |
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SHARE
& SHARE CAPITAL INFORMATION
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CAPITAL (Currency: VND - Vietnam Dong) |
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SHAREHOLDERS |
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PAYMENT
INFORMATION
N/A
GROUP STRUCTURE & AFFILIATED COMPANIES
N/A
FINANCIAL
INFORMATION
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FINANCIAL STATEMENT - DETAILED |
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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. Therefore no financials are available for this entity. |
FOREIGN
EXCHANGE RATES
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Today's Exchange rate |
: |
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ADDITIONAL
INFORMATION
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REPORT DETAILS |
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PRIMARY PRODUCTS
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Products / Materials / Services Description |
Activity |
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Customs clearance |
Service |
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Export documentation |
Service |
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Import export proceedings |
Service |
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Intermediary services |
Service |
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SIC PRODUCT
CLASSIFICATION & ACTIVITY |
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HARMONIZED PRODUCT
CLASSIFICATION & ACTIVITY |
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CORE
BUSINESS DESCRIPTION
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CORE BUSINESS |
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The primary business focus of TM IMPORT EXPORT JSC is Specialized
professional services, including: Customs clearance
Export documentation Import export proceedings Intermediary services |
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BANK DETAILS |
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REAL ESTATE OWNERSHIP |
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The following property / ies are owned by TM IMPORT EXPORT JSC : |
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NOTES
& COMMENTS
N/A
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.11 |
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|
1 |
Rs.98.15 |
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Euro |
1 |
Rs.77.68 |
INFORMATION DETAILS
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Report Prepared
by : |
SMN |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment record
(10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.