MIRA INFORM REPORT

 

 

Report No. :

356624

Report Date :

29.12.2015

 

IDENTIFICATION DETAILS

 

Name :

VIET PHU THINH RUBBER JSC

 

 

Registered Office :

4Fl Ha Phan Bldg 456 Phan Xich Long St, Phu Nhuan, Ho Chi Minh

 

 

Country :

Vietnam

 

 

Financials (as on) :

2014

 

 

Date of Incorporation :

14.05.2010

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

Manufacturer of Rubber & Products

 

 

No. of Employee :

170

 

 

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 :

No complaints

 

 

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

:

VIET PHU THINH RUBBER JSC

Name in Local Language

:

CÔNG TY CỔ PHẦN CAO SU VIỆT PHÚ THỊNH

Address

:

4Fl Ha Phan Bldg 456 Phan Xich Long St, Phu Nhuan, Ho Chi Minh

Country

:

Vietnam

Phone (S)

:

[+84] 8-39903088

Facsimile

:

[+84] 8-39903499

Email

 

acc@viruco.com

Website

:

http://www.viruco.com

Primary Business Activity

:

Manufacturer

Key Industry

:

Rubber & Products

 

Key Facts

 

Registered Legal Address

:

4Fl Ha Phan Bldg 456 Phan Xich Long St, Phu Nhuan, Ho Chi Minh

Operational Address

:

4Fl Ha Phan Bldg 456 Phan Xich Long St, Phu Nhuan, Ho Chi Minh

Trading Name / DBA

 

VIRUCO

License Status

:

License exists - Normal.

Issuing Authority

:

Dept. of Planning & Investment - Ho Chi Minh

License Number

:

0302910157

Legal Form - Category

:

Joint Stock Company

Legal Form

:

Joint Stock Company

Legal Form - Abbreviation

:

JSC

Operational Status of Business

:

Normal

Date of Registration

:

14 May, 2010

Employees

:

170

Capital

 

US$ 1,894,950

PREVIOUS BUSINESS LICENSE/S

 

License Date

License No.

6 Mar, 2003

4103001492

 

 

DIRECTORS/MANAGEMENT

 

Key Person

Legal Title

:

Chairman

Name

:

Mr. Phan Thanh Son

Nationality

:

Vietnamese

 

 

COMPANY MANAGEMENT

 

 

 

Management Listings

 

 

Name

Nationality

Job Description

Dept. / Division

1

Mr. Nguyen Quoc Cuong

Vietnamese

Deputy Managing Director

-

2

Ms. Pham Thi Cam Tu Lan

Vietnamese

Chief Accountant

-

3

Mr. Vu Anh Phong

Vietnamese

Managing Director

-

4

Mr. Phan Thanh Son

Vietnamese

Chairman

-

 

 

 

Management Details - 1

Personal Unique Identifier

:

MI03529715

Name

:

Mr. Nguyen Quoc Cuong

Date of Birth

:

1963

 

 

Management Details - 2

Personal Unique Identifier

:

MI03805711

Name

:

Ms. Pham Thi Cam Tu Lan

Date of Birth

:

1970

 

 

Management Details - 3

Personal Unique Identifier

:

MI02420154

Name

:

Mr. Vu Anh Phong

Date of Birth

:

1971

 

 

Management Details - 4

Personal Unique Identifier

:

MI02420162

Name

:

Mr. Phan Thanh Son

Date of Birth

:

1970

 

 

COMPANY DIRECTORS

 

1

 

 

Personal Unique Identifier

:

MI02420162

Name

:

Mr. Phan Thanh Son

Date of Birth

:

1970

 

2

 

 

Personal Unique Identifier

:

MI02420154

Name

:

Mr. Vu Anh Phong

Date of Birth

:

1971

 

 

 

NEGATIVE INFORMATION

 

REPUTATION

Reference checking for the purpose of establishing VIET PHU THINH RUBBER JSC'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

:

₫ 41,615,000,000

Paid-up Capital

:

₫ 41,615,000,000

 

Date

Authorized Capital - History

6 Mar, 2003

9,850,000,000

14 May, 2010

12,800,000,000

17 May, 2011

25,500,000,000

7 Aug, 2013

41,615,000,000

 

Date

Paid-up Capital - History

6 Mar, 2003

9,850,000,000

14 May, 2010

12,800,000,000

17 May, 2011

25,500,000,000

7 Aug, 2013

41,615,000,000

 

SHAREHOLDERS

Total number of shareholders

:

11

Total number of shares

:

n/a

 

Currency

:

VND - Vietnam Dong

 

No.

Shareholders

Country

Shares

Number

Amount (VND)

%

1

Mr. Phan Thanh Son

Vietnam

n/a

10,270,582,000

24.68

2

Mr. Dinh Van Tien

Vietnam

n/a

8,060,825,500

19.37

3

Mr. Vu Anh Phong

Vietnam

n/a

7,973,434,000

19.16

4

Ms. Nguyen Thi Kim Hoa

Vietnam

n/a

7,299,271,000

17.54

5

Mr. Phan Thanh Long

Vietnam

n/a

4,640,072,500

11.15

6

Mr. Nguyen Quoc Cuong

Vietnam

n/a

919,691,500

2.21

7

Mr. Truong Van Bac

Vietnam

n/a

790,685,000

1.90

8

Mr. Dinh Van Ngoc

Vietnam

n/a

520,187,500

1.25

9

Ms. Le Thi Phuong

Vietnam

n/a

520,187,500

1.25

10

Ms. Pham Thi Cam Tu Lan

Vietnam

n/a

520,187,500

1.25

11

Ms. Truong Thi Thuy Tram

Vietnam

n/a

99,876,000

0.24

Total

n/a

41,615,000,000

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

Domestic Sales

20%

International Sales (Export)

80%

 

Annual Purchases Analysis

Percentage

Local Purchases

100%

 

PAYMENT TERMS

Selling

Type

Terms

Local

Cash on delivery (COD)

Credit - Unsecured 30~60 days

Export

Letter of Credit (At-sight)

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

 

Purchasing

Type

Terms

Local

Cash on delivery (COD)

Credit - Unsecured 30~60 days

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

 

STRATEGIC PARTNER/S & ALLIANCES

 

 

 

 

Group / Alliance name

:

VIRUCO GROUP

 

 

 

FINANCIAL INFORMATION

 

Financials - Summary  (Currency: USD - US Dollar)

Year

Turnover

Assets

Net Income

2012 Annual  

99,959,807

14,316,776

674,873

2013 Annual  

112,686,735

16,097,759

647,949

2014 Annual  

61,522,683

11,303,893

773,757

Sales Trend - Analysis

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

-

-

-

-

-

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http://www.asiancredit.com/Manage/image/down_arrow_04.gif

http://www.asiancredit.com/Manage/image/up_arrow_04.gif

http://www.asiancredit.com/Manage/image/up_arrow_04.gif

http://www.asiancredit.com/Manage/image/down_arrow_04.gif

 

FINANCIALS - SUMMARY (Currency: USD - US Dollar)

Year

Turnover

Assets

Net Income

2009 Annual

30,661,306

5,853,808

526,962

2010 Annual

69,143,099

8,389,841

508,363

2011 Annual

66,084,590

12,394,239

639,366

 

FINANCIAL STATEMENT - DETAILED

Balance Sheet

Currency

:

VND

Denomination

:

1

Financial Year Ending

:

December

Financial Highlights

2012 Annual

2013 Annual

2014 Annual

Current Assets(*)

296,115,000,000

337,579,000,000

237,476,000,000

Non Current Assets(*)

2,027,000,000

1,892,000,000

1,529,000,000

Non Current Liabilities(*)

483,000,000

230,000,000

85,000,000

Share Capital(*)

25,500,000,000

41,615,000,000

41,615,000,000

Other long term assets 

Total Assets(*)

298,142,000,000

339,471,000,000

239,005,000,000

Total Liabilities(*)

258,406,000,000

284,191,000,000

168,907,000,000

Current Liabilities(*)

257,923,000,000

283,961,000,000

168,822,000,000

Long term liabilities 

Shareholders Funds(*)

39,736,000,000

55,280,000,000

70,098,000,000

 

Current assets & short term investments

296,115,000,000

337,579,000,000

237,476,000,000

Cash & cash equivalents

6,547,000,000

8,867,000,000

2,478,000,000

Cash

6,547,000,000

8,867,000,000

2,478,000,000

Accounts receivable

190,142,000,000

226,212,000,000

149,239,000,000

Accounts receivable trade

127,209,000,000

158,345,000,000

114,208,000,000

Trade prepayment

35,288,000,000

26,767,000,000

24,554,000,000

Others receivables

27,645,000,000

42,242,000,000

11,088,000,000

Provision for bad debts

-

(1,142,000,000)

(611,000,000)

i. Inventories

97,612,000,000

101,392,000,000

80,869,000,000

ii. Inventories

97,612,000,000

101,392,000,000

80,869,000,000

i. Other short term asset

1,814,000,000

1,108,000,000

4,890,000,000

Prepaid expenses

550,000,000

175,000,000

265,000,000

VAT deductible

987,000,000

755,000,000

4,572,000,000

ii. Other short term asset

277,000,000

178,000,000

53,000,000

Long term assets

2,027,000,000

1,892,000,000

1,529,000,000

Fixed assets

1,817,000,000

1,681,000,000

1,340,000,000

Tangible fixed assets

1,817,000,000

1,681,000,000

1,340,000,000

i. Cost

2,796,000,000

2,962,000,000

2,933,000,000

i. Accumulated depreciation

979,000,000

1,281,000,000

1,593,000,000

ii. Cost

12,000,000

12,000,000

12,000,000

ii. Accumulated depreciation

12,000,000

12,000,000

12,000,000

i. Other long term assets

210,000,000

211,000,000

189,000,000

ii. Other long term assets

210,000,000

211,000,000

189,000,000

Total assets

298,142,000,000

339,471,000,000

239,005,000,000

Liabilities

258,406,000,000

284,191,000,000

168,907,000,000

Current liabilities

257,923,000,000

283,961,000,000

168,822,000,000

Short term borrowings

216,218,000,000

233,043,000,000

147,469,000,000

Accounts payables-trade

34,233,000,000

34,969,000,000

12,673,000,000

Advances from customers

3,083,000,000

11,159,000,000

114,000,000

Taxes and payable to state budget

3,265,000,000

4,029,000,000

5,186,000,000

Payable to employees

-

-

3,000,000

Accrued expenses payable

1,105,000,000

581,000,000

3,266,000,000

Other payables

19,000,000

11,000,000

10,000,000

i. Bonus and welfare funds

-

169,000,000

101,000,000

Long term liabilities

483,000,000

230,000,000

85,000,000

Long term borrowings

483,000,000

230,000,000

85,000,000

i. Owner's equity

39,736,000,000

55,280,000,000

70,098,000,000

ii. Owner's equity

39,556,000,000

55,280,000,000

70,098,000,000

Business capital

25,500,000,000

41,615,000,000

41,615,000,000

Foreign exchange differences

(69,000,000)

-

-

Retained earnings

14,125,000,000

13,665,000,000

28,483,000,000

Budget sources

180,000,000

-

-

ii. Bonus and welfare funds

180,000,000

-

-

Total resources

298,142,000,000

339,471,000,000

239,005,000,000

Note: (*)

Financial Highlights

 

Income Statement

Currency

:

VND

Denomination

:

1

Financial Year Ending

:

December

Financial Highlights

2012 Annual

2013 Annual

2014 Annual

Turnover(*)

2,081,629,000,000

2,376,348,000,000

1,300,811,000,000

Profit (Loss) Before Tax(*)

17,065,000,000

17,640,000,000

21,718,000,000

Profit After Tax attributable to Shareholders(*)

14,054,000,000

13,664,000,000

16,360,000,000

 

Gross sales

2,081,629,000,000

2,376,348,000,000

1,300,811,000,000

Less deductions

2,659,000,000

8,665,000,000

89,510,000,000

Net income

2,078,970,000,000

2,367,683,000,000

1,291,860,000,000

Cost of goods sold

2,008,839,000,000

2,282,481,000,000

1,206,919,000,000

Gross margin

70,131,000,000

85,202,000,000

84,941,000,000

Income from financial activities

3,220,000,000

4,997,000,000

2,622,000,000

Expenses from financial activities

12,045,000,000

13,547,000,000

8,672,000,000

In which: Interest expenses

10,064,000,000

10,356,000,000

6,246,000,000

Selling expenses

38,534,000,000

50,930,000,000

49,899,000,000

General & administration expenses

5,415,000,000

7,316,000,000

5,900,000,000

Net income from operating activities

17,357,000,000

18,406,000,000

23,092,000,000

Extraordinary income

1,083,000,000

2,096,000,000

1,339,000,000

Extraordinary expenses

1,375,000,000

2,862,000,000

2,713,000,000

Extraordinary gains

(292,000,000)

(766,000,000)

(1,374,000,000)

Net profit before tax

17,065,000,000

17,640,000,000

21,718,000,000

Income tax

3,011,000,000

3,976,000,000

5,358,000,000

Net profit after tax

14,054,000,000

13,664,000,000

16,360,000,000

Note: (*)

Financial Highlights

 

Financial Ratios

Financial Highlights

2012 Annual

2013 Annual

2014 Annual

Growth % 

Year-on-Year Growth

51.22

14.16

(45.26)

Profitability 

Profit Margin (%)

0.68

0.57

1.26

Return on Equity (%)

35.37

24.72

23.34

Return on Assets (%)

4.71

4.03

6.85

Leverage 

Total Debt Equity (Times)

6.50

5.14

2.41

Current Debt Equity (Times)

6.49

5.14

2.41

Long Term Debt to Equity

0.01

0.00

0.00

Total Asset To Total Equity

7.50

6.14

3.41

Asset Management 

Total Assets Turnover (Times)

6.98

7.00

5.44

Fixed Assets Turnover (Times)

1,026.95

1,256.00

850.76

Liquidity 

Current Ratio

1.15

1.19

1.41

 

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. 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

:

VIET PHU THINH RUBBER JSC

Primary Business Activity

:

Manufacturer

Primary Industry

:

Rubber & Products

Office Contact Details

Operating Address

:

4Fl Ha Phan Bldg 456 Phan Xich Long St, Phu Nhuan, Ho Chi Minh

Tel

:

[+84] 8-39903088

 

:

[+84] 8-39901548

Fax

:

[+84] 8-39903499

Email

:

acc@viruco.com
pkd@viruco-trading.com.vn
director@viruco.com

Factory Contact Details

Address

:

Hoa Vinh Hamlet Thanh Tam Communee, Chon Thanh Dist, Binh Phuoc

Website Details

Website

:

http://www.viruco.com

Status

:

Normal - operational

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

:

0302910157

Date of Issuance

:

28 Apr, 2003

 

Primary Products

Products / Materials / Services Description

Activity

Chemicals

Manufacturing, Exporting

Consumer products

Manufacturing, Exporting

Natural rubber

Manufacturing, Exporting

Plastic resins

Manufacturing, Exporting

Rubber

Manufacturing, Exporting

 

International Trade - Statistics  (Currency: USD - US Dollar)

Year

Imports

Exports

Total

2012

n/a

79,967,846

79,967,846

2013

n/a

90,149,388

90,149,388

2014

n/a

49,218,146

49,218,146

 

SIC PRODUCT CLASSIFICATION & ACTIVITY

 

Product/Service Description

Code

Activity

Chemical preparations, nspf

2899

Manufacturing, Exporting

Chemicals and Allied Products

2800

Manufacturing, Exporting

Fabricated rubber products, nspf

3069

Manufacturing, Exporting

Manufactured articles, nspf

3999

Manufacturing, Exporting

Plastics materials and resins

2821

Manufacturing, Exporting

Rubber & Misc. Plastics

3000

Manufacturing, Exporting

Steel Foundries, NEC

3325

Manufacturing, Exporting

 

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description

Code

Activity

Articles of iron or steel

7326

Manufacturing, Exporting

Articles of plastics (inc polymers & resins)

3926

Manufacturing, Exporting

Iron & steel

7200

Manufacturing, Exporting

Miscellaneous articles of base metal

8300

Manufacturing, Exporting

Miscellaneous chemical products

3800

Manufacturing, Exporting

Miscellaneous manufactured articles

9600

Manufacturing, Exporting

Natural rubber, balata, chicle etc, prim form etc

4001

Manufacturing, Exporting

Rubbers & articles thereof

4000

Manufacturing, Exporting

Stainless steel in ingots etc & semifin products

7218

Manufacturing, Exporting

 

DETAILED PRODUCT CLASSIFICATION & ACTIVITY

Products / Materials / Services Description

Ranking

Activity

Steel

Primary

Manufacturing, Exporting

 

CORE BUSINESS DESCRIPTION

Core Business

The primary business focus of VIET PHU THINH RUBBER JSC is Manufacturing - Finished products.

Key products include :

Chemicals

Consumer products

Natural rubber

Plastic resins

Rubber

Steel


An integral part of the core business includes:

Distribution

 

Supplementary Business

In addition to the core business, VIET PHU THINH RUBBER JSC also is engaged in the following areas of business:

Exporting

Exporting - Finished products

 

 

BANK DETAILS

 

Bank Name

:

ASIA COMMERCIAL JOINT STOCK BANK

Global Identifier

:

P0075118

Branch

:

District 3,Ho Chi Minh

Branch Address

:

PHAN DANG LUU

SWIFT Code

:

ASCBVNVX

 

Bank Name

:

HSBC BANK (VIETNAM) LTD

Global Identifier

:

32403760

Branch

:

District 1,Ho Chi Minh

Branch Address

:

HSBC BANK (VIETNAM) LTD - HO CHI MINH

SWIFT Code

:

HSBCVNVX

 

Bank Name

:

MILITARY COMMERCIAL JOINT STOCK BANK

Global Identifier

:

P0387295

Branch

:

Dong Da,Hanoi

Branch Address

:

MILITARY COMMERCIAL JOINT STOCK BANK - HO CHI MINH

SWIFT Code

:

MSCBVNVX

 

Bank Name

:

VIETNAM EXPORT IMPORT COMMERCIAL JOINT STOCK BANK

Global Identifier

:

32408823

Branch

:

District 1,Ho Chi Minh

Branch Address

:

VIETNAM EXPORT IMPORT COMMERCIAL JOINT STOCK BANK CO, TAN SON NHAT

SWIFT Code

:

EBVIVNVX

 

 

LOCAL BRANCHES & MANAGEMENT

 

Branch

:

VIET PHU THINH RUBBER JSC - BINH THANH, HO CHI MINH

Branch Address

:

204 Phan Van Han Ward 17, Binh Thanh, Ho Chi Minh

Branch Email

:

giamdoc@viruco-trading.com.vn

License Status

:

License exists - Normal.

 

Branch

:

VIET PHU THINH RUBBER JSC - DISTRICT 3, HO CHI MINH

Branch Address

:

16/9 Ky Dong Ward 9, District 3, Ho Chi Minh

Branch Tel

:

84-8-39350543

Branch Fax

:

84-8-39350541

Branch Email

:

acc@viruco.com

 

 

INTERNATIONAL TRADE

 

INTERNATIONAL TRADE - Statistics (Currency: USD - US Dollar)

 

Year

Imports

Exports

Total

2009

n/a

27,595,175

27,595,175

2010

n/a

55,314,479

55,314,479

2011

n/a

52,867,672

52,867,672

 

 

INTERNATIONAL TRADE - Activity & Markets

 

 

Country / Region

Estimated level of importance

Trading Activity

Asia / Pacific

High

Exporting

Europe

High

Exporting

Middle-East

High

Exporting

Cambodia

High

Exporting

China

High

Exporting

Germany

High

Exporting

India

High

Exporting

Indonesia

High

Exporting

Italy

High

Exporting

Malaysia

High

Exporting

Peru

High

Exporting

Russia

High

Exporting

Spain

High

Exporting

Sri Lanka

High

Exporting

Thailand

High

Exporting

Turkey

High

Exporting

 

 

OFFICE & FACILITIES

The following information relates to the Business Entity's office as listed above:

Name

:

VIET PHU THINH RUBBER JSC - PHU NHUAN, HO CHI MINH

Primary Use

:

Office & Administration facilities

Address

:

4Fl Ha Phan Bldg 456 Phan Xich Long St, Phu Nhuan, Ho Chi Minh

Country

:

Vietnam

Status

:

Operational

 

 

FACTORIES, SIZE, & LOCATIONS

The following information relates to the Business Entity's factory as listed above:

Land Size

:

87,000 Square meters

Address

:

Hoa Vinh Hamlet Thanh Tam Communee, Chon Thanh Dist, Binh Phuoc

 

 

QUALITY ACCREDITATION

Quality Accreditation Listings

#

Name

Accreditation Category

1

INTERNATIONAL STANDARDS ORGANIZATION (ISO)

9001:2000

 

 

ASSOCIATIONS

VIET PHU THINH RUBBER JSC are members of the following associations:

Domestic Associations

Association Name

VIETNAM CHAMBER OF COMMERCE & INDUSTRY - VCCI

 

 

 

 

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. 0.0030

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

KAS

 

 

Report Prepared by :

ASH

 

 

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.