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Report Date : |
01.01.2015 |
IDENTIFICATION DETAILS
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Name : |
MINH DUNG PRIVATE ENTERPRISE |
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Registered Office : |
Tan Binh 1 Group Long Phu Commune, Long My, Hau Giang |
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Country : |
Vietnam |
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Date of Incorporation : |
15.07.2010 |
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Legal Form : |
Sole-Proprietorship |
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Line of Business : |
Manufacturer of Food Products. |
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No. of Employees : |
350 |
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 : |
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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. 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 less than 20% in 2013, while industry's share increased from 36% to
more than 42% 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 2013 growing at 5%, the slowest rate of growth since 1999.
In 2013, however, exports increased by more than 12%, year-on-year; 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 remained relatively stable in 2013. 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, little perceptible progress has been made.
Vietnam's economy continues to face challenges from an undercapitalized banking
sector. Non-performing loans weigh heavily on banks and businesses.
|
Source
: CIA |
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Company Details |
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Organization
Name |
: |
MINH DUNG
PRIVATE ENTERPRISE |
|
Address |
: |
Tan Binh 1 Group
Long Phu Commune, Long My, Hau Giang |
|
Country |
: |
Vietnam |
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Phone (S) |
: |
[+84]
711-3511359 |
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Facsimile |
: |
[+84]
711-3511360 |
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Email |
: |
minhdungln@yahoo.com.vn |
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Website |
: |
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Primary Business
Activity |
: |
Manufacturer |
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Key Industry |
: |
Food Products |
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Key Facts |
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Registered Legal
Address |
: |
Tan Binh 1 Group
Long Phu Commune, Long My, Hau Giang |
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Operational
Address |
: |
Tan Binh 1 Group
Long Phu Commune, Long My, Hau Giang |
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Issuing
Authority |
: |
Dept. of Planning
& Investment - Hau Giang |
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License Number |
: |
6300032733 |
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License Status |
: |
License exists -
Normal. |
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Legal Form -
Category |
: |
Sole-proprietorship |
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Legal Form |
: |
Not Applicable |
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Legal Form -
Abbreviation |
: |
Not Applicable |
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Operational
Status of Business |
: |
Normal |
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Date of
Registration |
: |
15 Jul, 2010 |
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Employees |
: |
350 |
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Capital |
: |
US$ 283,774 |
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Report Details |
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Country |
: |
Vietnam |
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Business Entity Name |
: |
MINH DUNG PRIVATE ENTERPRISE |
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Primary Business Activity |
: |
Manufacturer |
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Primary Industry |
: |
Food Products |
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Office Contact Details |
||
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Operating Address |
: |
Tan Binh 1 Group Long Phu Commune, Long My, Hau Giang |
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Tel |
: |
[+84] 711-3511359 |
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|
: |
[+84] 711-3872888 |
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Fax |
: |
[+84] 711-3511360 |
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: |
minhdungln@yahoo.com.vn |
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Website Details |
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Website |
: |
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Status |
: |
Normal - operational |
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Country of Registration |
: |
Vietnam |
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Ownership Type |
: |
Registered ownership by Subject Business Entity |
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Tax / VAT Details |
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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 |
: |
6300032733 |
Key Person
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Legal Title |
: |
Proprietor / Owner |
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Name |
: |
Ms. Phan Thi Ngoc Hoa |
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Nationality |
: |
Vietnamese |
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COMPANY MANAGEMENT |
Management Listings
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Name |
Nationality |
Job Description |
Dept. / Division |
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1 |
Ms. Phan Thi Ngoc Hoa |
Vietnamese |
Managing Director |
- |
Management Details – 1
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Personal Unique Identifier |
: |
MI03809652 |
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Name |
: |
Ms. Phan Thi Ngoc Hoa |
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REPUTATION |
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Due to the fact MINH DUNG PRIVATE ENTERPRISE is a sole-proprietorship,
it has not been possible to identify any form of existing reputation within the
respective industry sector. |
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NEGA-SCAN - ADVERSE DATA MONITORING |
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CAPITAL (Currency: VND - Vietnam Dong) |
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PAYMENT TERMS |
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Selling |
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Purchasing |
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Na
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FINANCIAL STATEMENT - DETAILED |
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Based on the corporate laws of Vietnam, legal entities which are Sole-proprietorship are not required to make public disclosure of their annual financials. Therefore no financials are available for this entity. |
Na
Primary Products
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Products / Materials / Services Description |
Activity |
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Agricultural products |
Manufacturing, Exporting |
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Canned baby corns |
Manufacturing, Exporting |
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Canned fruit cocktail |
Manufacturing, Exporting |
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Canned pineapple |
Manufacturing, Exporting |
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Canned rambutan |
Manufacturing, Exporting |
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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 DUNG PRIVATE ENTERPRISE is
Manufacturing - Finished products.
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Supplementary Business |
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In addition to the core business, MINH DUNG PRIVATE ENTERPRISE also is
engaged in the following areas of business:
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DOMESTIC SALES & PURCHASES |
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BANK DETAILS |
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LOCAL BRANCHES & MANAGEMENT |
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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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PREVIOUS BUSINESS LICENSE/S |
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Na
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.33 |
|
|
1 |
Rs.98.58 |
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Euro |
1 |
Rs.77.00 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
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Report Prepared
by : |
VNT |
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 |
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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.