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Report No. : |
302077 |
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Report Date : |
08.01.2015 |
IDENTIFICATION DETAILS
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Name : |
A&Q GENERAL TRADING CO LTD |
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Registered Office : |
66 Ngan Son St Group 5 Vinh Trai Ward, Lang Son, Lang Son |
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Country : |
Vietnam |
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Date of Incorporation : |
22.04.2010 |
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Legal Form : |
Private Company with Limited Liability |
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Line of Business : |
Trader of Food Products |
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No. of Employees : |
12 |
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
Vietnam |
B1 |
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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Organization Name |
: |
A&Q GENERAL
TRADING CO LTD (1) |
|
Address |
: |
66 Ngan Son St Group 5 Vinh Trai Ward, Lang Son, Lang Son |
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Country |
: |
Vietnam |
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Phone (S) |
: |
[+84] 25-3870381 |
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Facsimile |
: |
[+84] 25-3870381 |
|
|
: |
duyhungtanthanh@gmail.com |
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Primary Business Activity |
: |
Trader |
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Key Industry |
: |
Food Products |
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Registered Legal Address |
: |
66 Ngan Son St Group 5 Vinh Trai Ward, Lang Son, Lang Son |
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Operational Address |
: |
66 Ngan Son St Group 5 Vinh Trai Ward, Lang Son, Lang Son |
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Trading Name |
: |
A&Q GT CO LTD |
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Issuing Authority |
: |
Dept. of Planning & Investment - Lang Son |
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License Number |
: |
4900528181 |
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License Status |
: |
Dept. of Planning & Investment - Lang Son |
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Legal Form - Category |
: |
Private Company with Limited Liability |
|
Legal Form |
: |
Company Limited |
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Legal Form - Abbreviation |
: |
CO LTD |
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Operational Status of Business |
: |
Normal |
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Date of Registration |
: |
22 Apr, 2010 |
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Employees |
: |
12 |
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Capital |
: |
US$ 477,363 |
|
Note |
: |
(1) Legal
status of the English corporate name |
Key Person
|
Legal Title |
: |
Managing Director |
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Name |
: |
Mr. Nguyen Anh Quan |
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Nationality |
: |
Vietnamese |
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COMPANY MANAGEMENT |
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Management Listings |
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Management Details - 1 |
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Management Details - 2 |
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COMPANY DIRECTORS |
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REPUTATION |
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Reference checking for the purpose of establishing A&Q GENERAL TRADING CO LTD's reputation within the respective industry failed to reveal any adverse information. |
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DISHONORED CHECKS |
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No Record Found |
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DEBT |
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No Record Found |
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CIVIL LITIGATION |
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No Record Found |
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PERFORMANCE DEFAULTS |
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No Record Found |
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ADVERSE LOCAL MEDIA COVERAGE / ADVERSE FILING HISTORY |
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No Record Found |
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CAPITAL (Currency: VND – Vietnam Dong) |
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Total number of shareholders |
: |
2 |
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Total number of shares |
: |
n/a |
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Currency |
: |
VND - Vietnam Dong |
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No. |
Shareholders |
Country |
Shares |
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Number |
Amount (VND) |
% |
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|
1 |
Mr. Nguyen Anh Quan |
Vietnam |
n/a |
n/a |
90.00 |
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2 |
Mr. Nguyen Duy Hung |
Vietnam |
n/a |
n/a |
10.00 |
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Total |
n/a |
n/a |
100.00 |
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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.
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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
FINANCIAL STATEMENT –
DETAILED
Based on the corporate laws of Vietnam, legal entities which are Private Company with Limited Liability 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 |
: |
A&Q GENERAL TRADING CO LTD |
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Primary Business Activity |
: |
Trader |
|
Primary Industry |
: |
Food Products |
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Office Contact Details |
||
|
Operating Address |
: |
66 Ngan Son St Group 5 Vinh Trai Ward, Lang Son, Lang Son |
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Tel |
: |
[+84] 25-3870381 |
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Mobile |
: |
[+84]-988129888 |
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|
: |
[+84]-984422888 |
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Fax |
: |
[+84] 25-3870381 |
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|
: |
[+84] 25-3880144 |
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|
: |
duyhungtanthanh@gmail.com |
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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 |
: |
4900528181 |
Primary Products
|
Products / Materials / Services Description |
Activity |
|
Chicken shanks |
Trading |
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Fish |
Trading |
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Frozen fruits |
Trading |
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Frozen seafoods |
Trading |
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Frozen shrimps |
Trading |
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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 A&Q GENERAL TRADING CO
LTD is Trading - Finished products. Chicken shanks Fish Frozen fruits Frozen seafoods Frozen shrimps Fruits |
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Supplementary Business |
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In addition to the core business, A&Q GENERAL TRADING CO LTD also is engaged in the following areas of business: Exporting Exporting - Finished products Importing Importing - Finished products |
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BANK DETAILS |
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INTERNATIONAL TRADE - Activity & Markets
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Country / Region |
Estimated level of importance |
Trading Activity |
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Asia / Pacific |
Medium |
Importing, Exporting |
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Australia |
Medium |
Importing |
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Cambodia |
Medium |
Exporting |
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China |
Medium |
Importing, Exporting |
|
Laos |
Medium |
Exporting |
OFFICE
& FACILITIES
|
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The following information relates to the Business Entity's office as listed above: |
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N/A
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.45 |
|
|
1 |
Rs.95.99 |
|
Euro |
1 |
Rs.75.27 |
INFORMATION DETAILS
|
Report Prepared
by : |
TPT |
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 |
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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 |
|
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.