MIRA INFORM REPORT
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Report No. : |
354876 |
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Report Date : |
19.12.2015 |
IDENTIFICATION DETAILS
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Name : |
MINH HANG INVESTMENT & TRADING CO LTD |
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Registered Office : |
23 Alley 31 Van Don St Bach Dang Ward, Hai Ba Trung Dist,
Hanoi |
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Country : |
Vietnam |
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Date of Incorporation : |
31.07.2008 |
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Legal Form : |
Company Limited |
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Line of Business : |
Subject engaged in Importing of Natural food items, Unprocessed
(Meats, Produce or Seafood). |
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No. of Employee : |
10 |
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 : |
Slow but correct |
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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 |
COMPANY
SUMMARY
Company Details
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Organization Name |
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MINH HANG INVESTMENT & TRADING CO LTD |
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Name in Local Language |
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CONG TY TNHH THUONG MAI VA DAU TU MINH HANG |
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Address |
: |
01 Lot A 13B Dam Trau Bach Dang Ward, Hai
Ba Trung Dist, Hanoi |
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Country |
: |
Vietnam |
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Phone (S) |
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[+84] 4-39844352 |
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Facsimile |
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[+84] 4-39845025 |
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Email |
: |
info@minhhangco.com |
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Website |
: |
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Primary Business Activity |
: |
Importer |
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Key Industry |
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Agricultural Products |
Key Facts
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Registered Legal Address |
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23 Alley 31 Van Don St Bach Dang Ward, Hai
Ba Trung Dist, Hanoi |
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Operational Address |
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01 Lot A 13B Dam Trau Bach Dang Ward, Hai
Ba Trung Dist, Hanoi |
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Trading Name / DBA |
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MINH HANG I & T CO LTD |
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License Status |
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License exists - Normal. |
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Issuing Authority |
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DEPARTMENT OF PLANNING & INVESTMENT -
Hanoi |
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License Number |
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0101946629 |
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Legal Form - Category |
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Private Company with Limited Liability |
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Legal Form |
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Company Limited |
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Legal Form - Abbreviation |
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CO LTD |
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Operational Status of Business |
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Normal |
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Date of Registration |
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31 Jul, 2008 |
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Employees |
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10 |
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Capital |
: |
US$ 45,535 |
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PREVIOUS BUSINESS LICENSE/S |
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DIRECTORS/MANAGEMENT
Key Person
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Legal Title |
: |
Managing Director |
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Name |
: |
Ms. Le Thi Thu Hang |
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Nationality |
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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 MINH HANG INVESTMENT & TRADING 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: 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 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
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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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Apples |
Importing |
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Cherries |
Importing |
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Floral accessories |
Importing |
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Floral materials |
Importing |
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Flower wrapping paper |
Importing |
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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 MINH HANG
INVESTMENT & TRADING CO LTD is Importing - Natural food items,
Unprocessed (Meats, Produce or Seafood). Apples Cherries Floral accessories Floral materials Flower wrapping paper Fresh fruits Fruits Grapes Peaches Pear |
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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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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.66.42 |
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1 |
Rs.99.17 |
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Euro |
1 |
Rs.72.14 |
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VND |
1 |
Rs.0.0029 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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KIN |
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Report Prepared by
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TRU |
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.