MIRA INFORM REPORT

 

Report No. :

357565

Report Date :

29.12.2015

 

IDENTIFICATION DETAILS

 

Name :

VIETNAM YELLOW PHOSPHOROUS CO LTD

 

 

Registered Office :

Lot 6 Tang Loong Industrial Zone Tang Loong Town, Bao Thang Dist, Lao Cai

 

 

Country :

Vietnam

 

 

Financials (as on) :

2013

 

 

Date of Incorporation :

01.10.2010

 

 

Legal Form :

Private Company With Limited Liability

 

 

Line of Business :

Manufacturer of Chemicals.

 

 

No. of Employees :

140

 

 

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 – December 31, 2014

 

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

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. Vietnamese authorities have reaffirmed their commitment to economic modernization in recent years. Vietnam joined the World Trade Organization in January 2007, which has promoted more competitive, export-driven industries . Vietnam became an official negotiating partner in the Trans-Pacific Partnership trade agreement in 2010. Agriculture's share of economic output has continued to shrink 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 account for about 40% of GDP. 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. The global recession hurt Vietnam's export-oriented economy, with GDP in 2014 growing at 5.4%, one of the slower growth rates since 1999. Exports have grown strongly in 2013-14; several administrative actions brought the trade deficit back into balance. 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. Hanoi has oscillated between promoting growth and emphasizing macroeconomic stability in recent years. 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 the restructuring of 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. Vietnam is a member of the 12-nation Trans-Pacific Partnership free trade agreement negotiations.

 

Source : CIA

REGISTERED NAME & COMPANY SUMMARY

 

Company Details

Organization Name

:

VIETNAM YELLOW PHOSPHOROUS CO LTD (1)

Address

:

Lot 6 Tang Loong Industrial Zone Tang Loong Town,

Bao Thang Dist, Lao Cai

Country

:

Vietnam

Phone (S)

:

[+84] 20-3867168

Facsimile

:

[+84] 20-3867468

Primary Business Activity

:

Manufacturer

Key Industry

:

Chemicals

 

Key Facts

Registered Legal Address

:

Lot 6 Tang Loong Industrial Zone Tang Loong Town, Bao Thang Dist, Lao Cai

Operational Address

:

Lot 6 Tang Loong Industrial Zone Tang Loong Town, Bao Thang Dist, Lao Cai

Issuing Authority

:

Dept. of Planning & Investment - Lao Cai

License Number

:

5300461603

License Status

:

License exists - Normal.

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

:

1 Oct, 2010

Employees

:

140

Capital

:

US$ 5,376,593

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.

 

DIRECTORS/MANAGEMENT

 

Key Person

Legal Title

:

Managing Director

Name

:

Mr. Nguyen Hoang Thong

Nationality

:

Vietnamese

 

 

COMPANY MANAGEMENT

Management Listings

 

Name

Nationality

Job Description

Dept. / Division

1

Ms. Dinh Quynh Anh

Vietnamese

Chief Accountant

-

2

Ms. Phan Thi Le Huong

Vietnamese

Deputy Managing Director

-

Management Details - 1

Personal Unique Identifier

:

MI03610404

Name

:

Ms. Dinh Quynh Anh

 

Management Details - 2

Personal Unique Identifier

:

MI03610403

Name

:

Ms. Phan Thi Le Huong

 

Date of Birth

:

1976

 

COMPANY DIRECTORS

1

 

 

Personal Unique Identifier

:

MI03860303

Name

:

Mr. Nguyen Hoang Thong

Date of Birth

:

15 Aug, 1968

2

 

 

Personal Unique Identifier

:

MI03610401

Name

:

Mr. Phan Kiem Diem

 

 

NEGATIVE INFORMATION

 

REPUTATION

Reference checking for the purpose of establishing VIETNAM YELLOW PHOSPHOROUS 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

 

 

SHARE & SHARE CAPITAL INFORMATION

 

CAPITAL (Currency: VND - Vietnam Dong)

Authorized Capital

:

₫ 116,000,000,000

Date

Authorized Capital - History

1 Oct, 2010

68,000,000,000

25 Jul, 2014

116,000,000,000

 

SHAREHOLDERS

Total number of shareholders

:

2

Total number of shares

:

n/a

 

Currency

:

VND - Vietnam Dong

 

No.

Shareholders

Country

Shares

Number

Amount (VND)

%

1

Mr. Nguyen Hoang Thong

Vietnam

n/a

n/a

70.00

2

Ms. Phan Thi Le Huong

Vietnam

n/a

n/a

30.00

Total

n/a

n/a

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

100%

Annual Purchases Analysis

Percentage

Local Purchases

100%

 

PAYMENT TERMS

Selling

Type

Terms

Local

Cash on delivery (COD)

Credit - Unsecured 30~60 days

Purchasing

Type

Terms

Local

Cash on delivery (COD)

Credit - Unsecured 30~60 days

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

N/a

 

 

FINANCIAL INFORMATION

 

Financials - Summary  (Currency: USD - US Dollar)

Year

Turnover

Assets

Net Income

2013 Annual (*)

5,257,612

18,135,829

204,950

 

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(*)

236,554,000,000

Non Current Assets(*)

145,896,000,000

Non Current Liabilities(*)

73,705,000,000

Other long term assets 

Total Assets(*)

382,450,000,000

Total Liabilities(*)

309,796,000,000

Current Liabilities(*)

236,091,000,000

Long term liabilities 

Shareholders Funds(*)

72,654,000,000

 

Current assets & short term investments

236,554,000,000

Cash & cash equivalents

763,000,000

Cash

763,000,000

Accounts receivable

25,420,000,000

Accounts receivable trade

22,030,000,000

Trade prepayment

1,826,000,000

Others receivables

1,564,000,000

Inventories

175,802,000,000

i. Inventories

175,802,000,000

Other short term asset

34,569,000,000

Prepaid expenses

466,000,000

VAT deductible

34,093,000,000

i. Other short term asset

10,000,000

Long term assets

145,896,000,000

Fixed assets

128,574,000,000

Tangible fixed assets

110,226,000,000

Cost

118,385,000,000

Accumulated depreciation

8,159,000,000

Construction in progress

18,348,000,000

Other long term assets

17,322,000,000

Long term prepayments

17,322,000,000

Total assets

382,450,000,000

Liabilities

309,796,000,000

Current liabilities

236,091,000,000

Short term borrowings

177,923,000,000

Accounts payables-trade

47,830,000,000

Advances from customers

8,020,000,000

Taxes and payable to state budget

48,000,000

Payable to employees

455,000,000

Other payables

1,815,000,000

Long term liabilities

73,705,000,000

Accounts long term payables-trade

13,235,000,000

Long term borrowings

60,470,000,000

Owner's equity

72,654,000,000

i. Owner's equity

72,654,000,000

Business capital

68,000,000,000

Retained earnings

4,654,000,000

Total resources

382,450,000,000

Note: (*)

Financial Highlights

 

 

Income Statement

Currency

:

VND

Denomination

:

1

Financial Year Ending

:

December

Financial Highlights

2013 Annual

Turnover(*)

110,873,000,000

Profit (Loss) Before Tax(*)

4,343,000,000

Profit After Tax attributable to Shareholders(*)

4,322,000,000

Gross sales

110,873,000,000

Less deductions

5,464,000,000

Net income

105,409,000,000

Cost of goods sold

86,345,000,000

Gross margin

19,064,000,000

Income from financial activities

420,000,000

Expenses from financial activities

8,967,000,000

Selling expenses

3,839,000,000

General & administration expenses

2,419,000,000

Net income from operating activities

4,259,000,000

Extraordinary income

84,000,000

Extraordinary gains

84,000,000

Net profit before tax

4,343,000,000

Income tax

21,000,000

Net profit after tax

4,322,000,000

Note: (*)

Financial Highlights

 

Financial Ratios

Financial Highlights

2013 Annual

Profitability 

Profit Margin (%)

3.90

Return on Equity (%)

5.95

Return on Assets (%)

1.13

Leverage 

Total Debt Equity (Times)

4.26

Current Debt Equity (Times)

3.25

Long Term Debt to Equity

1.01

Total Asset To Total Equity

5.26

Asset Management 

Total Assets Turnover (Times)

0.29

Fixed Assets Turnover (Times)

0.76

Liquidity 

Current Ratio

1.00

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

Country

:

Vietnam

Business Entity Name

:

VIETNAM YELLOW PHOSPHOROUS CO LTD

Primary Business Activity

:

Manufacturer

Primary Industry

:

Chemicals

Office Contact Details

Operating Address

:

Lot 6 Tang Loong Industrial Zone Tang Loong Town, Bao Thang Dist, Lao Cai

Tel

:

[+84] 20-3867168

Fax

:

[+84] 20-3867468

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

:

5300461603

Date of Issuance

:

1 Oct, 2010

 

Primary Products

Products / Materials / Services Description

Activity

Phosphorus

Manufacturing

 

SIC PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description

Code

Activity

Chemical preparations, nspf

2899

Manufacturing

Chemicals and Allied Products

2800

Manufacturing

 

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description

Code

Activity

Miscellaneous chemical products

3800

Manufacturing

Phosphorus

2804700000

Manufacturing

 

CORE BUSINESS DESCRIPTION

Core Business

The primary business focus of VIETNAM YELLOW PHOSPHOROUS CO LTD is Manufacturing - Finished products.

Key product include :

Phosphorus

An integral part of the core business includes:

Distribution

 

BANK DETAILS

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 AND TRADE - DONG DA, HANOI

SWIFT Code

:

ICBVVNVX

 

Bank Name

:

VIETNAM JOINT STOCK COMMERCIAL BANK FOR INDUSTRY & TRADE

Global Identifier

:

32404058

Branch

:

Hoan Kiem Dist,Hanoi

Branch Address

:

BAO THANG

SWIFT Code

:

ICBVVNVX

 

OFFICE & FACILITIES

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

Name

:

VIETNAM YELLOW PHOSPHOROUS CO LTD - BAO THANG DIST, LAO CAI

Primary Use

:

Office & Administration facilities

Address

:

Lot 6 Tang Loong Industrial Zone Tang Loong Town, Bao Thang Dist, Lao Cai

Country

:

Vietnam

Status

:

Operational

 

PREVIOUS CONTACT DETAILS

Company Address

:

497 Le Thanh St Bac Cuong Ward, Lao Cai, Lao Cai

 

 

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

NIT

 

               

 

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