MIRA INFORM REPORT
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Report No. : |
336696 |
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Report Date : |
21.08.2015 |
IDENTIFICATION DETAILS
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Name : |
NHA TRANG FISHERIES JSC |
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Registered Office : |
194 Le Hong Phong St Phuoc Hai Ward, Nha Trang, Khanh Hoa |
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Country : |
Vietnam |
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Date of Incorporation : |
17.09.1999 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Trader of Seafood & Fishing Industry. |
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No. of Employees : |
400 |
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 |
: |
NHA TRANG FISHERIES JSC (1) |
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Address |
: |
194 Le Hong Phong St Phuoc Hai Ward, Nha
Trang, Khanh Hoa |
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Country |
: |
Vietnam |
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Phone (S) |
: |
[+84] 58-3885148 |
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Facsimile |
: |
[+84] 58-3884158 |
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Primary Business Activity |
: |
Trader |
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Key Industry |
: |
Seafood & Fishing Industry |
Key Facts
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Registered Legal Address |
: |
194 Le Hong Phong St Phuoc Hai Ward, Nha
Trang, Khanh Hoa |
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Operational Address |
: |
194 Le Hong Phong St Phuoc Hai Ward, Nha
Trang, Khanh Hoa |
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Trading Name |
: |
NHATRANG FISCO |
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Issuing Authority |
: |
Dept. of Planning & Invetsment - Khanh
Hoa |
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License Number |
: |
062808 |
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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 |
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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 |
: |
17 Sep, 1999 |
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Employees |
: |
400 |
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Capital |
: |
US$ 698,812 |
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Note |
: |
1) Legal
status of the English corporate name |
DIRECTORS/
MANAGEMENT
Key Person
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Legal Title |
: |
Chairman |
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Name |
: |
Mr. Nam Quoc Tran |
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Local Name |
: |
Nam
Quốc Trần |
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Nationality |
: |
Vietnamese |
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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 NHA TRANG FISHERIES JSC'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: VND - Vietnam Dong) |
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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
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 a 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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Aquatic products |
Trading, Exporting |
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Fishing materials |
Trading, Exporting |
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Processed seafoods |
Trading, Exporting |
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Seafood processing equipment |
Trading, Exporting |
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SIC PRODUCT CLASSIFICATION & ACTIVITY |
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HARMONIZED PRODUCT CLASSIFICATION &
ACTIVITY |
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DETAILED 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 NHA TRANG
FISHERIES JSC is Trading - Finished products. Aquatic products Fishing materials Processed seafoods Seafood processing equipment |
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Supplementary Business |
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In addition to the core business, NHA TRANG
FISHERIES JSC also is engaged in the following areas of business: Exporting Exporting - Finished products Service Specialized professional services |
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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.65.24 |
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1 |
Rs.102.21 |
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Euro |
1 |
Rs.72.57 |
INFORMATION DETAILS
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Analysis Done by
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RAS |
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Report Prepared
by : |
NIT |
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 |
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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.