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Report No. : |
333574 |
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Report Date : |
01.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
VIETNAM AGROTECH CO LTD |
|
|
|
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Registered Office : |
Melody Tower 422-424 Ung Van Khiem St Ward 25, Binh Thanh, Ho Chi Minh |
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Country : |
Viet Nam |
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Date of Incorporation : |
09.04.2013 |
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Legal Form : |
Private Company with Limited Liability |
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|
|
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Line of Business : |
Exporter of Earth Moving and Agricultural Equipment |
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|
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No. of Employees : |
15 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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|
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Vietnam |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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 18% in 2014, while industry's share increased from 36% to 38% 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 2014 growing at 5.4%, one of the slower growth rates since 1999. Exports have grown strongly in 2013-14; 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 has remained relatively stable since then. 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, Hanoi’s progress in meeting its goals is lagging behind its proposed schedule. Vietnam's economy continues to face challenges from an undercapitalized banking sector and non-performing loans weigh heavily on banks and businesses. Vietnam is a member of the 12-nation Trans-Pacific Partnership free trade agreement negotiations.
|
Source
: CIA |
Company
Details
|
Organization Name |
: |
VIETNAM AGROTECH CO LTD |
|
Address |
: |
Melody Tower 422-424 Ung Van Khiem St Ward 25,
Binh Thanh, Ho Chi Minh |
|
Country |
: |
Vietnam |
|
Phone (S) |
: |
[+84] 8-62584976 |
|
Facsimile |
: |
[+84] 8-35129598 |
|
Email |
: |
agro@agrotech.com.vn |
|
Website |
: |
|
|
Primary Business Activity |
: |
Exporter |
|
Key Industry |
: |
Earth Moving & Agricultural Equipment |
Key Facts
|
Registered Legal Address |
: |
Melody Tower 422-424 Ung Van Khiem St Ward
25, Binh Thanh, Ho Chi Minh |
|
Operational Address |
: |
Melody Tower 422-424 Ung Van Khiem St Ward
25, Binh Thanh, Ho Chi Minh |
|
Issuing Authority |
: |
Dept. of Planning & Investment - Ho Chi
Minh |
|
License Number |
: |
0312228955 |
|
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 |
: |
9 Apr, 2013 |
|
Employees |
: |
15 |
|
Capital |
: |
US$ 688,705 |
Key Person
|
Legal Title |
: |
Managing Director |
|
Name |
: |
Mr. Nguyen Manh Thang |
|
Nationality |
: |
Vietnamese |
COMPANY
DIRECTORS
|
|
REPUTATION |
|
|
|
Reference checking for the purpose of
establishing VIETNAM AGROTECH CO LTD'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 |
|
CIVIL
LITIGATION |
No Record
Found |
|
PERFORMANCE
DEFAULTS |
No Record
Found |
|
ADVERSE
LOCAL MEDIA COVERAGE / ADVERSE FILING HISTORY |
No Record
Found |
|
CAPITAL (Currency: VND - Vietnam Dong) |
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SHAREHOLDERS
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DOMESTIC
SALES & PURCHASES
|
Annual Sales Analysis |
Percentage |
|
International Sales (Export) |
100% |
|
Annual Purchases Analysis |
Percentage |
|
Local Purchases |
100% |
PAYMENT
TERMS
|
Selling |
||||||
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||||||
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|
||||||
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Purchasing |
||||||
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N/a
|
FINANCIAL STATEMENT - DETAILED |
|
Based on the corporate laws of Vietnam, legal
entities which are a Private Company with Limited Liability are not required
to make public disclosure of their annual financials. Therefore no financials
are available for this entity. |
|
Today's
Exchange rate |
: |
|
Report Details
|
Country |
: |
Vietnam |
|
Business Entity Name |
: |
VIETNAM AGROTECH CO LTD |
|
Primary Business Activity |
: |
Exporter |
|
Primary Industry |
: |
Earth Moving & Agricultural Equipment |
|
Office Contact Details |
||
|
Operating Address |
: |
Melody Tower 422-424 Ung Van Khiem St Ward
25, Binh Thanh, Ho Chi Minh |
|
Tel |
: |
[+84] 8-62584976 |
|
Mobile |
: |
[+84]-983832388 |
|
Fax |
: |
[+84] 8-35129598 |
|
Email |
: |
agro@agrotech.com.vn |
|
Website Details |
||
|
Website |
: |
|
|
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 |
: |
0312228955 |
Primary
Products
|
Products / Materials / Services Description |
Activity |
|
Agricultural equipment |
Exporting |
|
Agricultural machinery |
Exporting |
|
Combine harvesters |
Exporting |
|
Concrete mixer |
Exporting |
|
Diesel engines |
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 |
|
Industrial Machinery & Equipment |
3500 |
Exporting |
|
Industrial trucks and tractors, and parts,
nspf |
3537 |
Exporting |
|
Lawn and garden equipment, and parts, nspf |
3524 |
Exporting |
|
Turbines and turbine generator sets |
3511 |
Exporting |
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
|
Product/Service Description |
Code |
Activity |
|
Agricult mach for soil; lawn rollers; parts |
8432 |
Exporting |
|
Combine harvester-threshers, self-propelled |
8433510010 |
Exporting |
|
Concrete mixers, special purpose vehicle |
8705400000 |
Exporting |
|
Electric motors and generators (no sets) |
8501 |
Exporting |
|
Harvest machines, cleaning eggs nesoi,
parts |
8433 |
Exporting |
|
Machine tools for drilling, boring, milling
|
8459 |
Exporting |
|
Machines having individual functions nesoi,
parts |
8479 |
Exporting |
|
Pumps for liquids |
8413810040 |
Exporting |
|
Pumps for liquids; liquid elevators; parts
thereof |
8413 |
Exporting |
|
Seeders |
8432300090 |
Exporting |
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
|
Products / Materials / Services Description |
Ranking |
Activity |
|
Gasoline engine |
Primary |
Exporting |
|
Generator |
Primary |
Exporting |
|
Rice milling machine |
Primary |
Exporting |
|
Rice reapers |
Primary |
Exporting |
|
Rubber rolls |
Primary |
Exporting |
|
Seeder |
Primary |
Exporting |
|
Thresher |
Primary |
Exporting |
|
Tractors |
Primary |
Exporting |
|
Water pump |
Primary |
Exporting |
|
Core Business |
|
The primary business focus of VIETNAM
AGROTECH CO LTD is Exporting - Finished products. ·
Agricultural machinery ·
Agricultural equipment ·
Combine harvesters ·
Concrete mixer ·
Diesel engines ·
Gasoline engine ·
Generator ·
Rice milling machine ·
Rice reapers ·
Rubber rolls ·
Seeder ·
Thresher ·
Tractors ·
Water pump
·
Distribution |
INTERNATIONAL
TRADE - Activity & Markets
|
Country / Region |
Estimated level of importance |
Trading Activity |
|
Africa |
Medium |
Exporting |
|
Asia / Pacific |
Medium |
Exporting |
OFFICE &
FACILITIES
The following information relates to the
Business Entity's office as listed above:
|
Name |
: |
VIETNAM AGROTECH CO LTD - BINH THANH, HO
CHI MINH |
|
Primary Use |
: |
Office & Administration facilities |
|
Address |
: |
Melody Tower 422-424 Ung Van Khiem St Ward
25, Binh Thanh, Ho Chi Minh |
|
Country |
: |
Vietnam |
|
Status |
: |
Operational |
N/a
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.01 |
|
UK Pound |
1 |
Rs.99.84 |
|
Euro |
1 |
Rs.70.96 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
TRU |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.