MIRA INFORM REPORT

 

 

Report No. :

315167

Report Date :

10.04.2015

 

IDENTIFICATION DETAILS

 

Name :

IPC INTERNATIONAL TRADING COMMODITIES JSC

 

 

Registered Office :

Joint Stock Company No.7B/331  Tran Khat Chan Str, Thanh Nhan Ward Hai Ba Trung, Vietnam

 

 

Country :

Vietnam

 

 

Financials (as on) :

December, 2013

 

 

Date of Incorporation :

08.03.2011

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

Trader of Metals & Metal Products.

 

 

No. of Employees :

40

 

 

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 :

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 – December 31, 2014

 

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

Vietnam

A2

A2

 

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 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

:

IPC INTERNATIONAL TRADING COMMODITIES JSC (1)

Address

:

Joint Stock Company No.7B/331  Tran Khat Chan Str, Thanh Nhan Ward Hai Ba Trung,

Country

:

Vietnam

Phone (S)

:

[+84] 4-35569980

Facsimile

:

[+84] 4-35569958

Email

:

ipc-vietnam@ipc-vietnam.com.vn

Website

:

http://www.ipc-vietnam.com.vn

Primary Business Activity

:

Trader

Key Industry

:

Metals & Metal Products

 

 

Key Facts

Registered Legal Address

:

Joint Stock Company No.7B/331  Tran Khat Chan Str, Thanh Nhan Ward Hai Ba Trung, Vietnam

Operational Address

:

Rm 1503, 15Fl Charmvit Tower 117 Tran Duy Hung St Trung Hoa Ward, Cau Giay Dist, Hanoi

Trading Name

:

IIT COMMODITIES JSC
IPC - EXCOM CO LTD

Name History

:

Business Entity Name

Effective Date

IPC EXPORT COMMODITIES CO LTD

25 Oct, 2006

IPC INTERNATIONAL TRADING COMMODITIES JSC

6 Jun, 2012

Issuing Authority

:

Dept. of Planning & Investment - Hanoi

License Number

:

0102055583

License Status

:

License exists - Normal.

Legal Form - Category

:

Joint Stock Company

Legal Form

:

Joint Stock Company

Legal Form - Abbreviation

:

JSC

Operational Status of Business

:

Normal

Date of Registration

:

8 Mar, 2011

Employees

:

40

PREVIOUS BUSINESS LICENSE/S

 

License Date

License No.

25 Oct, 2006

0102028691

 

Report Details

Country

:

Vietnam

Business Entity Name

:

IPC INTERNATIONAL TRADING COMMODITIES JSC

Primary Business Activity

:

Trader

Primary Industry

:

Metals & Metal Products

Office Contact Details

Operating Address

:

Rm 1503, 15Fl Charmvit Tower 117 Tran Duy Hung St Trung Hoa Ward, Cau Giay Dist, Hanoi

Tel

:

[+84] 4-35569980

 

:

[+84] 4-35569981

Fax

:

[+84] 4-35569958

Email

:

ipc-vietnam@ipc-vietnam.com.vn

Website Details

Website

:

http://www.ipc-vietnam.com.vn

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

:

0102055583

 

 

DIRECTORS/MANAGEMENT

 

Key Person

Legal Title

:

Chairman

Name

:

Mr. Phi Phong Ha

Registered Address

:

304 B3 Nam Thanh Cong Lang Ha Ward, Dong Da, Hanoi

Nationality

:

Vietnamese

 

COMPANY MANAGEMENT

Management Listings

 

Name

Nationality

Job Description

Dept. / Division

1

Ms. Le Mai Dung

Vietnamese

Chief Accountant

Finance

2

Mr. Phi Phong Ha

Vietnamese

Managing Director

-

3

Mr. Nguyen Hong Kien

Vietnamese

Managing Director

-

 

Management Details - 1

Personal Unique Identifier

:

MI02148207

Name

:

Ms. Le Mai Dung

Date of Birth

:

1980

 

Management Details - 2

Personal Unique Identifier

:

MI02148196

Name

:

Mr. Phi Phong Ha

Date of Birth

:

21 Apr, 1974

Identification Number(s)

      Passport No

:

B6499609

Registered address

:

304 B3 Nam Thanh Cong Lang Ha Ward Dong Da Hanoi

Country of Residence

:

Vietnam

Mobile No.

:

84-913202024

 

Management Details - 3

Personal Unique Identifier

:

MI02148206

Name

:

Mr. Nguyen Hong Kien

Date of Birth

:

1974

Identification Number(s)

      National ID No

:

011761166

Registered address

:

512/C9 Thanh Cong Collective Thanh Cong Ward Ba Dinh Hanoi

Country of Residence

:

Vietnam

Mobile No.

:

84-913571627

 

COMPANY DIRECTORS

1

 

 

Personal Unique Identifier

:

MI02148206

Name

:

Mr. Nguyen Hong Kien

Date of Birth

:

1974

Identification Number(s)

National ID No

:

011761166

Registered Address

:

512/C9 Thanh Cong Collective Thanh Cong Ward ,Ba Dinh ,Hanoi

Country of Residence

:

Vietnam

Mobile No.

:

84-913571627

2

 

 

Personal Unique Identifier

:

MI02148196

Name

:

Mr. Phi Phong Ha

Date of Birth

:

21 Apr, 1974

Identification Number(s)

Passport No

:

B6499609

Registered Address

:

304 B3 Nam Thanh Cong Lang Ha Ward ,Dong Da ,Hanoi

Country of Residence

:

Vietnam

Mobile No.

:

84-913202024

 

 

NEGATIVE INFORMATION

 

REPUTATION

Reference checking for the purpose of establishing IPC INTERNATIONAL TRADING COMMODITIES JSC'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

 

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CIVIL LITIGATION

 

No Record Found

 

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PERFORMANCE DEFAULTS

 

No Record Found

 

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

 

ADVERSE LOCAL MEDIA COVERAGE / ADVERSE FILING HISTORY

 

No Record Found

 

 

SHARE & SHARE CAPITAL INFORMATION

 

Capital

:

US$ 3,812,429

 

Authorized Capital

:

₫ 80,000,000,000

Paid-up Capital

:

₫ 80,000,000,000

Date

Authorized Capital - History

25 Oct, 2006

20,000,000,000

2009

60,000,000,000

6 Jun, 2012

80,000,000,000

 

 

SHAREHOLDERS

 

Total number of shareholders

:

4

Total number of shares

:

n/a

 

Currency

:

VND - Vietnam Dong

 

 

 

 

No.

Shareholders

Country

Shares

Number

Amount (VND)

%

1

Mr. Phi Phong Ha

Vietnam

n/a

44,000,000,000

55.00

2

Mr. Hoang Ha

Vietnam

n/a

12,000,000,000

15.00

3

Mr. Lam Quang Hieu

Vietnam

n/a

12,000,000,000

15.00

4

Mr. Nguyen Hong Kien

Vietnam

n/a

12,000,000,000

15.00

Total

n/a

80,000,000,000

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

 

DOMESTIC SALES & PURCHASES

 

Annual Sales Analysis

Percentage

Domestic Sales

10%

International Sales (Export)

90%

 

Annual Purchases Analysis

Percentage

Local Purchases

60%

Imports

40%

 

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

 

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

Year

Imports

Exports

Total

2007

n/a

1,385,494

1,385,494

2008

n/a

23,527,021

23,527,021

2009

n/a

5,599,924

5,599,924

2010

n/a

27,787,742

27,787,742

 

 INTERNATIONAL TRADE - Activity & Markets

 

 

Country / Region

Estimated level of importance

Trading Activity

Africa

Medium

Exporting

Asia / Pacific

High

Importing, Exporting

Europe

High

Exporting

Middle-East

Medium

Importing

Australia

Medium

Exporting

Bangladesh

Medium

Exporting

Cambodia

Medium

Exporting

China

Medium

Importing

India

Medium

Exporting

Indonesia

Medium

Exporting

Japan

Medium

Importing, Exporting

Korea, South (Republic of Korea)

Medium

Exporting

Libya

Medium

Exporting

Pakistan

Medium

Exporting

Singapore

Medium

Importing

Spain

Medium

Exporting

Taiwan

Medium

Exporting

Turkey

Medium

Exporting

 

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

RELATED PARTIES (Subsidiaries , Joint-ventures & Affiliates)

The following provides a summary of the number of businesses that are related to IPC INTERNATIONAL TRADING COMMODITIES JSC:

TYPE

DOMESTIC

TOTAL

Subsidiaries

-

Joint-Ventures

-

Minority shareholdings

-

Affiliates

1

Liaison / Representative Offices

-

 

Domestic

Business Entity Name

:

IPC CO LTD

Global Identifier

:

P0926577

Country

:

Vietnam

Relationship

:

Affiliate

Operational Address

:

A18-NV Hoang Ngan St, Cau Giay Dist, Hanoi

Primary Business Activity

:

Trader

Industry

:

Metals & Metal Products

 

 

FINANCIAL INFORMATION

 

Financials - Summary  (Currency: USD - US Dollar)

Year

Turnover

Assets

Net Income

2011 Annual  

35,713,922

9,326,836

144,791

2012 Annual  

31,281,471

11,520,476

25,739

2013 Annual (*)

38,196,110

11,230,794

504,313

 

Sales Trend – Analysis

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

-

-

-

-

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

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

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

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

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

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

Note: (*)

Financials listed are the most recent available for this company.

 

FINANCIALS - SUMMARY (Currency: USD - US Dollar)

Year

Turnover

Assets

Net Income

2007 Annual

1,385,494

186,381

21,198

2008 Annual

26,141,134

2,393,727

7,358

2009 Annual

6,222,138

3,998,204

30,774

2010 Annual

30,875,269

15,902,309

301,437

 

FINANCIAL STATEMENT - DETAILED

Balance Sheet

Currency

:

VND

Denomination

:

1

Financial Year Ending

:

December

Financial Highlights

2011 Annual

2012 Annual

2013 Annual

Current Assets(*)

194,226,000,000

239,815,000,000

236,712,000,000

Non Current Assets(*)

52,000,000

95,000,000

124,000,000

Share Capital(*)

60,000,000,000

80,000,000,000

80,000,000,000

Other long term assets 

Total Assets(*)

194,278,000,000

239,910,000,000

236,836,000,000

Total Liabilities(*)

131,221,000,000

156,317,000,000

142,607,000,000

Long term liabilities 

Shareholders Funds(*)

63,057,000,000

83,593,000,000

94,229,000,000

 

ASSETS 

Current assets & short term investments

194,226,000,000

239,815,000,000

236,712,000,000

Cash & cash equivalents

13,954,000,000

23,928,000,000

17,726,000,000

Cash

3,211,000,000

23,928,000,000

17,726,000,000

Accounts receivable

114,916,000,000

160,519,000,000

158,669,000,000

Accounts receivable trade

100,261,000,000

118,001,000,000

134,693,000,000

Trade prepayment

6,449,000,000

37,172,000,000

15,931,000,000

Inter company receivables

2,759,000,000

317,000,000

-

Others receivables

5,447,000,000

5,029,000,000

8,045,000,000

I. Inventories

60,175,000,000

37,399,000,000

58,471,000,000

II. Inventories

60,175,000,000

37,399,000,000

58,471,000,000

I. Other short term asset

5,181,000,000

17,969,000,000

1,846,000,000

VAT deductible

-

-

1,761,000,000

II. Other short term asset

5,181,000,000

17,969,000,000

85,000,000

Long term assets

52,000,000

95,000,000

124,000,000

Fixed assets

27,000,000

95,000,000

93,000,000

Tangible fixed assets

27,000,000

11,000,000

27,000,000

I. Cost

55,000,000

55,000,000

77,000,000

I. Accumulated depreciation

28,000,000

44,000,000

50,000,000

Finance lease assets

-

84,000,000

-

II. Cost

-

94,000,000

-

II. Accumulated depreciation

-

10,000,000

-

Intangible fixed assets

-

-

66,000,000

III. Cost

-

-

94,000,000

III. Accumulated depreciation

-

-

28,000,000

Other long term assets

25,000,000

-

31,000,000

Long term prepayments

25,000,000

-

31,000,000

Total assets

194,278,000,000

239,910,000,000

236,836,000,000

LIABILITIES & OWNERS' EQUITY 

Liabilities

131,221,000,000

156,317,000,000

142,607,000,000

Current liabilities

131,221,000,000

156,317,000,000

142,607,000,000

Short term borrowings

64,679,000,000

115,285,000,000

109,191,000,000

Accounts payables-trade

65,498,000,000

36,699,000,000

31,856,000,000

Advances from customers

1,151,000,000

4,567,000,000

1,540,000,000

Taxes and payable to state budget

(313,000,000)

(302,000,000)

(325,000,000)

Payable to employees

123,000,000

39,000,000

202,000,000

Other payables

123,000,000

29,000,000

143,000,000

I. Owners' equity

63,057,000,000

83,593,000,000

94,229,000,000

II. Owners' equity

63,057,000,000

83,593,000,000

94,229,000,000

Business capital

60,000,000,000

80,000,000,000

80,000,000,000

Retained earnings

3,057,000,000

3,593,000,000

14,229,000,000

Total resources

194,278,000,000

239,910,000,000

236,836,000,000

Note: (*)

Financial Highlights

 

Income Statement

Currency

:

VND

Denomination

:

1

Financial Year Ending

:

December

Financial Highlights

2011 Annual

2012 Annual

2013 Annual

Turnover(*)

743,921,000,000

651,426,000,000

805,483,000,000

Profit (Loss) Before Tax(*)

3,016,000,000

551,000,000

14,180,000,000

Profit After Tax attributable to Shareholders(*)

3,016,000,000

536,000,000

10,635,000,000

 

Gross sales

743,921,000,000

651,426,000,000

805,483,000,000

Less deductions

220,000,000

228,000,000

-

Net income

743,701,000,000

651,198,000,000

805,483,000,000

Cost of goods sold

714,863,000,000

630,079,000,000

767,275,000,000

Gross margin

28,838,000,000

21,119,000,000

38,208,000,000

Income from financial activities

40,989,000,000

1,549,000,000

621,000,000

Expenses from financial activities

36,796,000,000

7,097,000,000

10,544,000,000

In which: Interest expenses

12,702,000,000

6,246,000,000

9,673,000,000

Selling expenses

-

-

57,000,000

General & administration expenses

30,023,000,000

15,020,000,000

14,048,000,000

Net income from operating activities

3,008,000,000

551,000,000

14,180,000,000

Net profit before tax

3,016,000,000

551,000,000

14,180,000,000

Income tax

-

15,000,000

3,545,000,000

Net profit after tax

3,016,000,000

536,000,000

10,635,000,000

Note: (*)

Financial Highlights

 

 

Financial Ratios

Financial Highlights

2011 Annual

2012 Annual

2013 Annual

Growth % 

Year-on-Year Growth

23.62

(12.43)

23.65

Profitability 

Profit Margin (%)

0.41

0.08

1.32

Return on Equity (%)

4.78

0.64

11.29

Return on Assets (%)

1.55

0.22

4.49

Leverage 

Total Debt Equity (Times)

2.08

1.87

1.51

Total Asset To Total Equity

3.08

2.87

2.51

Asset Management 

Total Assets Turnover (Times)

3.83

2.72

3.40

Fixed Assets Turnover (Times)

14,306.17

6,857.12

6,495.83

 

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

 

 

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

Construction materials

Trading

Steel

Trading

 

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

Year

Imports

Exports

Total

2011

n/a

32,142,530

32,142,530

2012

n/a

28,153,324

28,153,324

2013

n/a

34,376,499

34,376,499

 

SIC PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description

Code

Activity

Construction Materials, NEC

5039

Trading

Iron & steel forgings

3462

Trading

Primary metal products, nspf

3399

Trading

Steel Foundries, NEC

3325

Trading

 

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description

Code

Activity

Articles of iron or steel

7300

Trading

Building materials of asbestos fibers

6812900025

Trading

Iron & steel

7200

Trading

Miscellaneous articles of base metal

8300

Trading

 

CORE BUSINESS DESCRIPTION

Core Business

The primary business focus of IPC INTERNATIONAL TRADING COMMODITIES JSC is Trading - Finished products.

Key products include :

Construction materials

Steel

 

Supplementary Business

In addition to the core business, IPC INTERNATIONAL TRADING COMMODITIES JSC also is engaged in the following areas of business:

Exporting

Exporting - Finished products

Importing

Importing - Finished products

 

BANK DETAILS

Bank Name

:

AN BINH RURAL COMMERCIAL JOINT STOCK BANK

Global Identifier

:

P0075077

Branch

:

Binh Chanh,Ho Chi Minh

Branch Address

:

AN BINH RURAL COMMERCIAL JOINT STOCK BANK - HANOI

SWIFT Code

:

ABBKVNVX

 

Bank Name

:

CITIBANK NA

Global Identifier

:

32401241

Branch

:

Hoan Kiem,Hanoi

Branch Address

:

17 Ngo Quyen St Hoan Kiem Hanoi (Head Office)

SWIFT Code

:

CITIVNVX

 

Bank Name

:

HSBC BANK (VIETNAM) LTD

Global Identifier

:

32403760

Branch

:

District 1,Ho Chi Minh

Branch Address

:

Metropolitan 235 Dong Khoi Ben Nghe Ward District 1 Ho Chi Minh (Head Office)

SWIFT Code

:

HSBCVNVX

 

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

:

MILITARY COMMERCIAL JOINT STOCK BANK

Global Identifier

:

P0387295

Branch

:

Dong Da,Hanoi

Branch Address

:

DAO DUY ANH

SWIFT Code

:

MSCBVNVX

 

Bank Name

:

VIET NAM INT'L COMMERCIAL JOINT STOCK BANK

Global Identifier

:

P0741176

Branch

:

Dong Da,Hanoi

Branch Address

:

Tu Liem DistrictHanoi

SWIFT Code

:

VNIBVNVX

 

Bank Name

:

VIETNAM TECHNOLOGICAL & COMMERCIAL JOINT STOCK BANK

Global Identifier

:

32408999

Branch

:

Hoan Kiem Dist,Hanoi

Branch Address

:

Hanoi

SWIFT Code

:

VTCBVNVX

 

LOCAL BRANCHES & MANAGEMENT

Branch

:

IPC INTERNATIONAL TRADING COMMODITIES JSC - HAI PHONG

Branch Address

:

Hai Phong

 

 

 

OFFICE & FACILITIES

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

Name

:

IPC INTERNATIONAL TRADING COMMODITIES JSC - CAU GIAY DIST, HANOI

Primary Use

:

Office & Administration facilities

Address

:

Rm 1503, 15Fl Charmvit Tower 117 Tran Duy Hung St Trung Hoa Ward, Cau Giay Dist, Hanoi

Country

:

Vietnam

Status

:

Operational

 

WAREHOUSING FACILITIES

Name

:

IPC INTERNATIONAL TRADING COMMODITIES JSC - THANH TRI DIST, HANOI

Address

:

Group 11 Van Dien Town, Thanh Tri Dist, Hanoi

Country

:

Vietnam

Status

:

Operational

 

COMPANY HISTORY

Date

Details

2006 - Oct

Established as Private Company with Limited Liability.

2012 - Jun

Changed legal form to Joint Stock Company.

 

 

PREVIOUS CONTACT DETAILS

Company Address

:

14 C Group 11 Station Area Van Dien Town, Thanh Tri, Hanoi

 

Company Address

:

A18-NV Hoang Ngan St Trung Hoa Ward, Cau Giay Dist, Hanoi

 

 

NOTES & COMMENTS

 

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.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.62.26

UK Pound

1

Rs.92.49

Euro

1

Rs.66.99

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

Report Prepared by :

NIT

 

               

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.