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Report No. : |
327277 |
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Report Date : |
07.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
VIETNAM RUBBER INVESTMENT CORP |
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Registered Office : |
136/11 Pho Quang St Ward 9, Phu Nhuan, Ho Chi Minh |
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Country : |
Vietnam |
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Date of Incorporation : |
27.06.2014 |
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Legal Form : |
Corporation |
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Line of Business : |
Trader of Rubber &
Products |
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No. of Employees : |
15 |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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-- |
NB |
New Business |
-- |
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Status : |
New Business |
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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 |
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Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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.
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Source
: CIA |
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Organization Name |
: |
VIETNAM RUBBER INVESTMENT CORP (1) |
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Address |
: |
136/11 Pho Quang St Ward 9, Phu Nhuan, Ho Chi Minh |
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Country |
: |
Vietnam |
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Phone (S) |
: |
[+84] 8-38277464 |
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Facsimile |
: |
[+84] 8-38277461 |
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Primary Business Activity |
: |
Trader |
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Key Industry |
: |
Rubber & Products |
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Registered Legal Address |
: |
136/11 Pho Quang St Ward 9, Phu Nhuan, Ho Chi Minh |
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Operational Address |
: |
136/11 Pho Quang St Ward 9, Phu Nhuan, Ho Chi Minh |
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Trading Name |
: |
VIETRUBBER CORP |
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Issuing Authority |
: |
Dept. of Planning & Investment - Ho Chi Minh |
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License Number |
: |
0312835967 |
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License Status |
: |
License exists - Normal. |
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Legal Form - Category |
: |
Joint Stock Company |
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Legal Form |
: |
Corporation |
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Legal Form - Abbreviation |
: |
CORP |
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Operational Status of Business |
: |
Normal |
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Date of Registration |
: |
27 Jun, 2014 |
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Employees |
: |
15 |
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Capital |
: |
US$ 918,274 |
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Note |
: |
(1) Legal status of the English corporate name |
Key Person
|
Legal Title |
: |
Chairman |
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Name |
: |
Ms. Nguyen Thi Nhung |
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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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COMPANY DIRECTORS |
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REPUTATION |
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Due to the recent incorporation of the VIETNAM RUBBER INVESTMENT CORP,
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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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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SHAREHOLDERS
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Total number of shareholders |
: |
3 |
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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. Vu Anh Phong |
Vietnam |
n/a |
n/a |
50.00 |
|
2 |
Mr. Truong Van Bac |
Vietnam |
n/a |
n/a |
25.00 |
|
3 |
Ms. Nguyen Thi Nhung |
Vietnam |
n/a |
n/a |
25.00 |
|
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.
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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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LOCAL BRANCHES & MANAGEMENT |
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FINANCIAL
STATEMENT – DETAILED
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 RUBBER INVESTMENT CORP |
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Primary Business Activity |
: |
Trader |
|
Primary Industry |
: |
Rubber & Products |
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Office Contact Details |
||
|
Operating Address |
: |
136/11 Pho Quang St Ward 9, Phu Nhuan, Ho Chi Minh |
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Tel |
: |
[+84] 8-38277464 |
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Fax |
: |
[+84] 8-38277461 |
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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 |
: |
0312835967 |
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Date of Issuance |
: |
27 Jun, 2014 |
Primary Products
|
Products / Materials / Services Description |
Activity |
|
Rubber materials |
Trading, Exporting |
|
Rubber products |
Trading, Exporting |
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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 RUBBER INVESTMENT CORP is
Trading - Finished products. Rubber materials Rubber products |
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Supplementary Business |
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In addition to the core business, VIETNAM RUBBER INVESTMENT CORP also is
engaged in the following areas of business: Exporting Exporting - 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 |
Exporting |
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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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|
N/a
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 63.57 |
|
|
1 |
Rs. 99.10 |
|
Euro |
1 |
Rs. 70.29 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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|
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Report Prepared
by : |
DPT |
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 |
|
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 |
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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 |
|
<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.