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Report No. : |
348526 |
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Report Date : |
02.12.2015 |
IDENTIFICATION DETAILS
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Name : |
VWS VIETNAM LLC |
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Registered Office : |
Unit 9.2 E Town Bldg 364 Cong Hoa St Ward 13, Tan Binh Dist, Ho Chi
Minh |
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Country : |
Vietnam |
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Date of Incorporation : |
23.05.2009 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Service provider of Energy, Power & Utilities. |
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No. of Employee : |
40 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD $30,000 |
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|
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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
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Vietnam |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
|
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.
|
Source
: CIA |
|
Organization Name |
: |
VWS VIETNAM LLC (1) |
|
Name in Local Language |
: |
CÔNG TY TNHH MỘT THÀNH VIÊN GIẢI PHÁP VÀ CÔNG NGHỆ XỬ LƯ NƯỚC VEOLIA VIỆT NAM |
|
Address |
: |
Unit 9.2 E Town Bldg 364 Cong Hoa St Ward 13, Tan Binh Dist, Ho Chi Minh |
|
Country |
: |
Vietnam |
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Phone (S) |
: |
[+84] 8-38127757 |
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Facsimile |
: |
[+84] 8-38127759 |
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Primary Business Activity |
: |
Service |
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Key Industry |
: |
Energy, Power & Utilities |
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Key Facts |
||||
|
Registered Legal Address |
: |
Unit 9.2 E Town Bldg 364 Cong Hoa St Ward 13, Tan Binh Dist, Ho Chi Minh |
||
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Operational Address |
: |
Unit 9.2 E Town Bldg 364 Cong Hoa St Ward 13, Tan Binh Dist, Ho Chi Minh |
||
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License Status |
: |
License exists - Normal. |
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Issuing Authority |
: |
People's Committee - Ho Chi Minh |
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License Number |
: |
411043001047 |
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Legal Form - Category |
: |
Private Company with Limited Liability |
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Legal Form |
: |
Limited Liability Company |
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Legal Form - Abbreviation |
: |
LLC |
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Operational Status of Business |
: |
Normal |
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Date of Registration |
: |
23 May, 2009 |
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Employees |
: |
40 |
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Capital |
: |
n/a (2) |
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|
Note |
: |
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Key Person
|
Legal Title |
: |
Managing Director |
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Name |
: |
Mr. Germain Patrick |
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Nationality |
: |
French |
COMPANY
MANAGEMENT
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Management Listings |
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COMPANY
DIRECTORS
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REPUTATION |
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Reference checking for the purpose of establishing VWS VIETNAM LLC's reputation within the respective industry failed to reveal any adverse information. |
NEGA-SCAN
- ADVERSE DATA MONITORING
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SHAREHOLDERS |
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N/a
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DIRECT / INDIRECT CORPORATE PARENT DETAILS |
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FINANCIAL STATEMENT - DETAILED |
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Based on the corporate laws legal entities which are Private Company with Limited Liability are not required to make public disclosure of their annual financials. Therefore no financials are available for this entity. |
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Today's Exchange rate |
: |
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Country |
: |
Vietnam |
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Business Entity Name |
: |
VWS VIETNAM LLC |
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Primary Business Activity |
: |
Service |
|
Primary Industry |
: |
Energy, Power & Utilities |
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Office Contact Details |
||
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Operating Address |
: |
Unit 9.2 E Town Bldg 364 Cong Hoa St Ward 13, Tan Binh Dist, Ho Chi Minh |
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Tel |
: |
[+84] 8-38127757 |
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|
: |
[+84] 8-38127157 |
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Fax |
: |
[+84] 8-38127759 |
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Tax / VAT Details |
||
|
Tax Issuing Authority |
: |
Ministry of Finance |
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Local Name Used |
: |
Gia Trj Gia Tang (Value Added Tax) |
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Acronym |
: |
GTGT / VAT |
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GTGT / VAT Number |
: |
0308866105 |
Primary Products
|
Products / Materials / Services Description |
Activity |
|
Waste water treatment |
Service |
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 VWS VIETNAM LLC is Specialized professional services, including: Waste water treatment |
BANK
DETAILS
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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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N/a
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.52 |
|
|
1 |
Rs.100.44 |
|
Euro |
1 |
Rs.70.44 |
|
VND |
1 |
Rs.0.003 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
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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.