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Report No. : |
353713 |
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Report Date : |
14.12.2015 |
IDENTIFICATION DETAILS
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Name : |
PHUONG MINH SERVICE AND TRADING INVESTMENT CO LTD |
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Registered Office : |
10/49 Lane Thinh Hao 1 Ton Duc Thang St Hang Bot Ward, Dong Da, Hanoi |
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Country : |
Vietnam |
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Date of Incorporation : |
09.03.2006 |
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Legal Form : |
Private Company With Limited Liability |
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Line of Business : |
Importer of Chemicals. |
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No. of Employees : |
6 |
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
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 |
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Organization Name |
: |
PHUONG MINH SERVICE AND TRADING INVESTMENT CO LTD |
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Name in Local Language |
: |
CÔNG TY TNHH ĐẦU TƯ THƯƠNG MẠI VÀ DỊCH
VỤ PHƯƠNG MINH |
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Address |
: |
10/49 Lane Thinh Hao 1 Ton Duc Thang St Hang Bot Ward, Dong Da, Hanoi |
|
Country |
: |
Vietnam |
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Phone (S) |
: |
[+84] 4-37323772 |
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Facsimile |
: |
[+84] 4-37323772 |
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Primary Business Activity |
: |
Importer |
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Key Industry |
: |
Chemicals |
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Key Facts |
||
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Registered Legal Address |
: |
10/49 Lane Thinh Hao 1 Ton Duc Thang St Hang Bot Ward, Dong Da, Hanoi |
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Operational Address |
: |
10/49 Lane Thinh Hao 1 Ton Duc Thang St Hang Bot Ward, Dong Da, Hanoi |
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Trading Name / DBA |
: |
PHUONG MINH IST CO LTD |
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License Status |
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License exists - Normal. |
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Issuing Authority |
: |
DEPARTMENT OF PLANNING & INVESTMENT - Hanoi |
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License Number |
: |
0102025191 |
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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 |
: |
9 Mar, 2006 |
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Employees |
: |
6 |
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Capital |
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US$ 36,731 |
Key Person
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Legal Title |
: |
Managing Director |
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Name |
: |
Ms. Truong Thi Minh Hai |
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Local Name |
: |
Trương Thị
Minh Hải |
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Nationality |
: |
Vietnamese |
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 PHUONG MINH SERVICE
AND TRADING INVESTMENT 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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CAPITAL (Currency: VND - Vietnam Dong) |
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SHAREHOLDERS |
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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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N/A
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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. |
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Today's Exchange rate |
: |
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Country |
: |
Vietnam |
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Business Entity Name |
: |
PHUONG MINH SERVICE AND TRADING INVESTMENT CO LTD |
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Primary Business Activity |
: |
Importer |
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Primary Industry |
: |
Chemicals |
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Office Contact Details |
||
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Operating Address |
: |
10/49 Lane Thinh Hao 1 Ton Duc Thang St Hang Bot Ward, Dong Da, Hanoi |
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Tel |
: |
[+84] 4-37323772 |
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Fax |
: |
[+84] 4-37323772 |
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Tax / VAT Details |
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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 |
: |
0101889064 |
Primary Products
|
Products / Materials / Services Description |
Activity |
|
Textile chemicals |
Importing |
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 PHUONG MINH SERVICE AND TRADING
INVESTMENT CO LTD is Importing - Finished products. Textile chemicals
Distribution |
BANK
DETAILS
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INTERNATIONAL
TRADE - Activity & Markets
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REAL
ESTATE OWNERSHIP
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The following property / ies are owned by PHUONG MINH SERVICE AND
TRADING INVESTMENT CO LTD : |
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N/A
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.79 |
|
|
1 |
Rs.101.10 |
|
Euro |
1 |
Rs.73.10 |
|
VND |
1 |
Rs.0.0030 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
KIN |
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Report Prepared
by : |
TPT |
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.