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Report No. : |
357023 |
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Report Date : |
31.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
VIETNAM INVESTMENT AND MINING JSC |
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Registered Office : |
671 Lot 22 Le Hong Phong St Dong Khe Ward, Ngo Quyen Dist, Haiphong |
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Country : |
Vietnam |
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Date of Incorporation : |
07.05.2013 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacturer of Minerals / Mining. |
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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 |
|
|
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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
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.
|
Source
: CIA |
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Organization Name |
: |
VIETNAM INVESTMENT AND MINING JSC (1) |
|
Name in Local Language |
: |
CÔNG TY CỔ PHẦN ĐẦU TƯ VÀ KHAI KHOÁNG VIỆT
NAM |
|
Address |
: |
671 Lot 22 Le Hong Phong St Dong Khe Ward, Ngo Quyen Dist, Haiphong |
|
Country |
: |
Vietnam |
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Phone (S) |
: |
[+84] 316-586620 |
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Facsimile |
: |
[+84] 314-513319 |
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Email |
: |
|
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Website |
: |
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Primary Business Activity |
: |
Manufacturer |
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Key Industry |
: |
Minerals / Mining |
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Key
Facts |
||
|
Registered Legal Address |
: |
671 Lot 22 Le Hong Phong St Dong Khe Ward,
Ngo Quyen Dist, Haiphong |
|
Operational Address |
: |
671 Lot 22 Le Hong Phong St Dong Khe Ward,
Ngo Quyen Dist, Haiphong |
|
License Status |
: |
License exists - Normal. |
|
Issuing Authority |
: |
Dept. of Planning & Investment - Hai
Phong |
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License Number |
: |
0201296780 |
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Legal Form - Category |
: |
Joint Stock Company |
|
Legal Form |
: |
Joint Stock Company |
|
Legal Form - Abbreviation |
: |
JSC |
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Operational Status of Business |
: |
Normal |
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Date of Registration |
: |
7 May, 2013 |
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Employees |
: |
10 |
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Capital |
: |
US$ 227,676 |
|
Note |
: |
(1) Legal status of
the English corporate name |
Key Person
|
Legal Title |
: |
Managing Director |
|
Name |
: |
Mr. Cao Van Kien |
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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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Due to the recent incorporation of the VIETNAM INVESTMENT AND MINING
JSC, and the relatively small nature of its business, no meaningful points of
reference in terms of reputation within the respective industry was possible.
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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
Joint Stock Company 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 |
: |
VIETNAM INVESTMENT AND MINING JSC |
|
Primary Business Activity |
: |
Manufacturer |
|
Primary Industry |
: |
Minerals / Mining |
|
Office Contact
Details |
||
|
Operating Address |
: |
671 Lot 22 Le Hong Phong St Dong Khe Ward, Ngo Quyen Dist, Haiphong |
|
Tel |
: |
[+84] 316-586620 |
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Fax |
: |
[+84] 314-513319 |
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Email |
: |
sales@vnim.vn |
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Website Details |
||
|
Website |
: |
|
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Status |
: |
Normal - operational |
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Country of Registration |
: |
Vietnam |
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Tax / VAT
Details |
||
|
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 |
: |
0201296780 |
Primary Products
|
Products / Materials / Services Description |
Activity |
|
Calcium carbonate powder |
Manufacturing |
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Coal |
Manufacturing |
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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 VIETNAM INVESTMENT AND MINING JSC is
Manufacturing - Finished products. Coal Calcium carbonate powder
Distribution |
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OFFICE &
FACILITIES |
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The following information relates to the Business Entity's office as
listed above: |
|||||||||||||||
|
N/a
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.42 |
|
|
1 |
Rs.98.55 |
|
Euro |
1 |
Rs.72.60 |
|
VND |
1 |
Rs.0.0029 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
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|
|
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Report Prepared
by : |
ANK |
RATING EXPLANATIONS
|
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 |
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.