MIRA INFORM REPORT
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Report No. : |
336723 |
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Report Date : |
20.08.2015 |
IDENTIFICATION DETAILS
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Name : |
HANESBRANDS VIET NAM CO LTD |
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Registered Office : |
Chinh Nghia Commune, Kim Dong Dist, Hung Yen |
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Country : |
Vietnam |
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Date of Incorporation : |
14.12.2007 |
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Legal Form : |
Private Company with Limited Liability |
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Line of Business : |
Manufacturer of Garments & Accessories |
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No. of Employee : |
2,000 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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Vietnam |
A2 |
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. Agriculture's share of economic
output has shrunk 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 now
account for only about 40% of GDP.
Vietnamese
authorities have reaffirmed their commitment to economic modernization and a
more open economy. Vietnam joined the World Trade Organization in January 2007,
which has promoted more competitive, export-driven industries. Vietnam joined
the 12-nation Trans-Pacific Partnership free trade agreement negotiations in
2010.
Hanoi has
oscillated between promoting growth and emphasizing macroeconomic stability in
recent years. 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. 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.
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 to restructure 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.
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Source
: CIA |
REGISTERED
NAME & COMPANY SUMMARY
Company Details
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Organization Name |
: |
HANESBRANDS VIET NAM CO LTD (1) |
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Address |
: |
Chinh Nghia Commune, Kim Dong Dist, Hung Yen |
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Country |
: |
Vietnam |
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Phone (S) |
: |
[+84] 321-3626850 |
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Facsimile |
: |
[+84] 321-3713988 |
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Primary Business Activity |
: |
Manufacturer |
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Key Industry |
: |
Garments & Accessories |
Key Facts
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Registered Legal Address |
: |
Chinh Nghia Commune, Kim Dong Dist, Hung Yen |
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Operational Address |
: |
Chinh Nghia Commune, Kim Dong Dist, Hung Yen |
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Issuing Authority |
: |
People's Committee - Hung Yen |
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License Number |
: |
51043000017 |
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License Status |
: |
License exists - Normal. |
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Legal Form - Category |
: |
Private Company with Limited Liability |
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Legal Form |
: |
Company Limited |
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Legal Form - Abbreviation |
: |
CO LTD |
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Operational Status of Business |
: |
Normal |
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Date of Registration |
: |
14 Dec, 2007 |
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Employees |
: |
2,000 |
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Capital |
: |
US$ 3,609,434 |
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Note |
: |
1) Legal status of
the English corporate name |
DIRECTORS/MANAGEMENT
Key Person
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Legal Title |
: |
Managing Director |
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Name |
: |
Mr. Ajay Manohar Godbole |
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Nationality |
: |
American |
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COMPANY
MANAGEMENT |
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Management
Listings |
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COMPANY
DIRECTORS |
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NEGATIVE
INFORMATION
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REPUTATION |
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Reference checking for the purpose of establishing HANESBRANDS VIET
NAM CO LTD's reputation within the respective industry failed to reveal any
adverse information. |
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NEGA-SCAN -
ADVERSE DATA MONITORING |
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SHARE
& SHARE CAPITAL INFORMATION
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CAPITAL
(Currency: USD - US Dollar) |
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SHAREHOLDERS |
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PAYMENT
INFORMATION
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DOMESTIC SALES
& PURCHASES |
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PAYMENT TERMS |
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Selling |
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Purchasing |
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GROUP
STRUCTURE & AFFILIATED COMPANIES
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DIRECT /
INDIRECT CORPORATE PARENT DETAILS |
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FINANCIAL
INFORMATION
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FINANCIAL
STATEMENT - DETAILED |
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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. |
FOREIGN
EXCHANGE RATES
N/a
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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Garments |
Manufacturing, Trading |
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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 HANESBRANDS VIET NAM CO LTD is Manufacturing
- Finished products. Garments |
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Supplementary
Business |
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In addition to the core business, HANESBRANDS VIET NAM CO LTD also is
engaged in the following areas of business: Exporting Exporting - Finished products Importing Importing - Raw materials |
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INTERNATIONAL
TRADE - Activity & Markets |
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OFFICE &
FACILITIES |
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The following information relates to the Business Entity's office as
listed above: |
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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.65.25 |
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1 |
Rs.102.25 |
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Euro |
1 |
Rs.72.19 |
INFORMATION DETAILS
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Analysis Done by
: |
KAS |
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Report Prepared
by : |
ANK |
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.