MIRA INFORM REPORT

 

 

Report No. :

356525

Report Date :

29.12.2015

 

IDENTIFICATION DETAILS

 

Name :

ANH QUAN INTERNATIONAL TRADING CO LTD

 

 

Registered Office :

6 Lane 44/11 To Ngoc Van St Quang An Ward, Tay Ho, Hanoi

 

 

Country :

Vietnam

 

 

Financials (as on) :

December 2013

 

 

Date of Incorporation :

25.06.2013

 

 

Legal Form :

Private Company with Limited Liability

 

 

Line of Business :

Trader of Seafood & Fishing Industry.

 

 

No. of Employee :

10

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Slow but correct

 

 

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

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

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

REGISTERED NAME & COMPANY SUMMARY

 

Company Details

 

Organization Name

:

ANH QUAN INTERNATIONAL TRADING CO LTD (1)

Name in Local Language

:

CÔNG TY TNHH THƯƠNG MẠI QUỐC TẾ ANH QUÂN

Address

:

6 Lane 44/11 To Ngoc Van St Quang An Ward, Tay Ho, Hanoi

Country

:

Vietnam

Phone (S)

:

[+84] 4-37185667

Facsimile

:

[+84] 4-37185786

Email

 

anhquanintetra@gmail.com

Primary Business Activity

:

Trader

Key Industry

:

Seafood & Fishing Industry

 

Key Facts

 

Registered Legal Address

:

6 Lane 44/11 To Ngoc Van St Quang An Ward, Tay Ho, Hanoi

Operational Address

:

6 Lane 44/11 To Ngoc Van St Quang An Ward, Tay Ho, Hanoi

License Status

:

License exists - Normal.

Issuing Authority

:

Department of Planning and Investment - National

License Number

:

0103472639

Legal Form - Category

:

Private Company with Limited Liability

Legal Form

:

Company Limited

Legal Form - Abbreviation

:

CO LTD

Operational Status of Business

:

Normal

Date of Registration

:

25 Jun, 2013

Employees

:

10

Capital

 

US$ 683,029

Note

 

1) Legal status of the English corporate name
The English name of the Subject Business Entity (SBE) is a randomly selected translation / transliteration made by the owners of the SBE. It is not a registered English corporate name, but simply a translation / transliteration of the local language name.

PREVIOUS BUSINESS LICENSE/S

:

License Date

License No.

4 Mar, 2009

0102037839

 

 

DIRECTORS/MANAGEMENT

 

 

COMPANY MANAGEMENT

 

Management Listings

 

 

Name

Nationality

Job Description

Dept. / Division

1

Ms. Kim Oanh Thi Luong

Vietnamese

Vice Director

-

2

Mr. Linh Phuong Nguyen

Vietnamese

Chief Accountant

-

3

Ms. Lien Thi Pham

Vietnamese

Managing Director

-

 

 

 

Management Details - 1

Personal Unique Identifier

:

MI03537329

Name

:

Ms. Kim Oanh Thi Luong

Date of Birth

:

1981

 

 

Management Details - 2

Personal Unique Identifier

:

MI03936406

Name

:

Mr. Linh Phuong Nguyen

 

 

Management Details - 3

Personal Unique Identifier

:

MI03536836

Name

:

Ms. Lien Thi Pham

Date of Birth

:

1946

 

 

Key Person

Legal Title

:

Managing Director

Name

:

Ms. Lien Thi Pham

Nationality

:

Vietnamese

 

 

COMPANY DIRECTORS

1

 

 

Personal Unique Identifier

:

MI03537329

Name

:

Ms. Kim Oanh Thi Luong

Date of Birth

:

1981

 

2

 

 

Personal Unique Identifier

:

MI03536836

Name

:

Ms. Lien Thi Pham

Date of Birth

:

1946

 

 

 

NEGATIVE INFORMATION

 

REPUTATION

Reference checking for the purpose of establishing ANH QUAN INTERNATIONAL TRADING CO LTD's reputation within the respective industry failed to reveal any adverse information.

 

 

 

NEGA-SCAN - ADVERSE DATA MONITORING

 

 

 

 

DISHONORED CHECKS

 

No Record Found

 

 

DEBT

 

No Record Found

 

 

CIVIL LITIGATION

 

No Record Found

 

 

PERFORMANCE DEFAULTS

 

No Record Found

 

 

ADVERSE LOCAL MEDIA COVERAGE / ADVERSE FILING HISTORY

No Record Found

 

http://www.asiancredit.com/Manage/Image/space.gif

 

 

 

SHARE & SHARE CAPITAL INFORMATION

 

CAPITAL (Currency: VND - Vietnam Dong)

Authorized Capital

:

₫ 15,000,000,000

Paid-up Capital

:

₫ 15,000,000,000

Date

Authorized Capital - History

4 Mar, 2009

10,000,000,000

19 Sep, 2013

15,000,000,000

 

 

SHAREHOLDERS

Total number of shareholders

:

3

Total number of shares

:

n/a

 

Currency

:

VND - Vietnam Dong

 

No.

Shareholders

Country

Shares

Number

Amount (VND)

%

1

Mr. Ha Manh Phung

Vietnam

n/a

9,000,000,000

60.00

2

Mr. Thanh Van Phung

Vietnam

n/a

3,000,000,000

20.00

3

Ms. Phuong Hong Nguyen

Vietnam

n/a

3,000,000,000

20.00

Total

n/a

15,000,000,000

100.00

 

 

 

Based on corporate statutory laws / regulations in Vietnam, there is no requirement for public disclosure of Shareholders. In this case, the Shareholders information was supplied by the Subject Business Entity.
However in the absence of data normally obtained from local Statutory Authorities, it is not possible to verify the accuracy of data supplied and hence is provided as reference ONLY.

 

 

PAYMENT INFORMATION

 

DOMESTIC SALES & PURCHASES

Annual Sales Analysis

Percentage

International Sales (Export)

100%

Annual Purchases Analysis

Percentage

Local Purchases

90%

Imports

10%

 

 

PAYMENT TERMS

 

Selling

Type

Terms

Export

Letter of Credit (At-sight)

Telegraphic Transfer (T/T) - Received at time of transaction

 

Purchasing

Type

Terms

Local

Cash on delivery (COD)

Credit - Secured with Post-dated checks 30~60 days

Import

Letter of Credit (At-sight)

Telegraphic Transfer (T/T) - Executed at time of transaction


GROUP STRUCTURE & AFFILIATED COMPANIES

 

N/a

 

 

FINANCIAL INFORMATION

 

Financials - Summary  (Currency: USD - US Dollar)

Year

Turnover

Assets

Net Income

2013 Annual (*)

427,522,123

2,612,897

324,306

Note: (*)

Financials listed are the most recent available for this company.

 

 

FINANCIAL STATEMENT - DETAILED

 

BALANCE SHEET

Currency

:

VND

Denomination

:

1

Financial Year Ending

:

December

Financial Highlights

2013 Annual

Current Assets(*)

38,359,000,000

Non Current Assets(*)

16,742,000,000

Share Capital(*)

15,000,000,000

Other long term assets 

Total Assets(*)

55,101,000,000

Total Liabilities(*)

39,271,000,000

Current Liabilities(*)

39,271,000,000

Long term liabilities 

Shareholders Funds(*)

15,830,000,000

 

Current assets & short term investments

38,359,000,000

Cash & cash equivalents

8,595,000,000

Cash

8,595,000,000

Accounts receivable

14,447,000,000

Accounts receivable trade

11,862,000,000

Others receivables

2,585,000,000

i. Inventories

15,123,000,000

ii. Inventories

15,123,000,000

Other short term asset

194,000,000

VAT deductible

194,000,000

Long term assets

16,742,000,000

Fixed assets

6,726,000,000

Tangible fixed assets

6,726,000,000

Cost

7,455,000,000

Accumulated depreciation

729,000,000

i. Other long term assets

10,016,000,000

ii. Other long term assets

10,016,000,000

Total assets

55,101,000,000

Liabilities

39,271,000,000

Current liabilities

39,271,000,000

Accounts payables-trade

38,621,000,000

Taxes and payable to state budget

650,000,000

i. Owner's equity

15,830,000,000

ii. Owner's equity

15,830,000,000

Business capital

15,000,000,000

Retained earnings

830,000,000

Total resources

55,101,000,000

Note: (*)

Financial Highlights

 

INCOME STATEMENT

Currency

:

VND

Denomination

:

1

Financial Year Ending

:

December

Financial Highlights

2013 Annual

Turnover(*)

9,015,625,000,000

Profit (Loss) Before Tax(*)

7,066,000,000

Profit After Tax attributable to Shareholders(*)

6,839,000,000

 

Gross sales

9,015,625,000,000

Net income

9,015,625,000,000

Cost of goods sold

9,006,147,000,000

Gross margin

9,478,000,000

Income from financial activities

25,000,000

Expenses from financial activities

406,000,000

In which: Interest expenses

345,000,000

General & administration expenses

2,031,000,000

Net income from operating activities

7,066,000,000

Net profit before tax

7,066,000,000

Income tax

227,000,000

Net profit after tax

6,839,000,000

Note: (*)

Financial Highlights

 

Financial Ratios

Financial Highlights

2013 Annual

Profitability 

Profit Margin (%)

0.08

Return on Equity (%)

43.20

Return on Assets (%)

12.41

Leverage 

Total Debt Equity (Times)

2.48

Current Debt Equity (Times)

2.48

Total Asset To Total Equity

3.48

Asset Management 

Total Assets Turnover (Times)

163.62

Fixed Assets Turnover (Times)

538.50

Liquidity 

Current Ratio

0.98

 

 

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. Although basic financials were obtained for reference.

 

 

 

FOREIGN EXCHANGE RATES

 

Today's Exchange rate

:

1.00 VND
Vietnam Dong

=

0.000046 USD
United States Dollars

 

 

ADDITIONAL INFORMATION

 

Report Details

 

 

Country

:

Vietnam

Business Entity Name

:

ANH QUAN INTERNATIONAL TRADING CO LTD

Primary Business Activity

:

Trader

Primary Industry

:

Seafood & Fishing Industry

 

Office Contact Details

Operating Address

:

6 Lane 44/11 To Ngoc Van St Quang An Ward, Tay Ho, Hanoi

Tel

:

[+84] 4-37185667

Fax

:

[+84] 4-37185786

Email

:

anhquanintetra@gmail.com

 

Tax / VAT Details

Tax Issuing Authority

:

Ministry of Finance

Local Name Used

:

Gia Trj Gia Tang (Value Added Tax)

Acronym

:

GTGT / VAT

GTGT / VAT Number

:

0103472639

 

 

Primary Products

 

Products / Materials / Services Description

Activity

Frozen seafood products

Trading

 

 

SIC PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description

Code

Activity

Fish & Seafoods

5146

Trading

Fresh/Frozen Fish/Seafoods, NEC

2092

Trading

 

 

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description

Code

Activity

Fish, frozen (no fish fillets or other fish meat)

0303

Trading

Food preparations not elsewhere specified or included, frozen

2106909995

Trading

 

 

CORE BUSINESS DESCRIPTION

Core Business

The primary business focus of ANH QUAN INTERNATIONAL TRADING CO LTD is Trading - Finished products.

Key product include :

Frozen seafood products

Supplementary Business

In addition to the core business, ANH QUAN INTERNATIONAL TRADING CO LTD also is engaged in the following areas of business:

Exporting

Exporting - Natural food items, Unprocessed (Meats, Produce or Seafood)

Importing

Importing - Natural food items, Unprocessed (Meats, Produce or Seafood)

 

 

BANK DETAILS

 

Bank Name

:

VIETNAM BANK FOR AGRICULTURE & RURAL DEVELOPMENT

Global Identifier

:

32408794

Branch

:

Tu Liem,Hanoi

Branch Address

:

VIETNAM BANK FOR AGRICULTURE

SWIFT Code

:

VBAAVNVX

 

Bank Name

:

VIETNAM JOINT STOCK COMMERCIAL BANK FOR INDUSTRY & TRADE

Global Identifier

:

32404058

Branch

:

Hoan Kiem Dist,Hanoi

Branch Address

:

VIETNAM JOINT STOCK COMMERCIAL BANK FOR INDUSTRY

SWIFT Code

:

ICBVVNVX

 

 

INTERNATIONAL TRADE - Activity & Markets

 

 

 

 

Country / Region

Estimated level of importance

Trading Activity

Asia / Pacific

Medium

Importing, Exporting

China

Medium

Importing, Exporting

 

 

APPROVED SIGNATURES

The Company Director/s listed below maintain the legal right to sign on behalf of the company:

Name

Ms. Lien Thi Pham

 

 

REAL ESTATE OWNERSHIP

The following property / ies are owned by ANH QUAN INTERNATIONAL TRADING CO LTD :

Property Name

:

ANH QUAN INTERNATIONAL TRADING CO LTD - TAY HO, HANOI

Type of Property

:

Office & Administration

Address

:

6 Lane 44/11 To Ngoc Van St Quang An Ward, Tay Ho, Hanoi

Office Size

:

120 Square meters

 

 

 

 

NOTES & COMMENTS

 

N/a

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.66.14

UK Pound

1

Rs.98.69

Euro

1

Rs.72.55

VND

1

Rs.

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

KAS

 

 

Report Prepared by :

ANK

 

 

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%)

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.