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Report No. : |
329828 |
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Report Date : |
08.07.2015 |
IDENTIFICATION DETAILS
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Name : |
TAM LONG INVESTMENT AND TRADING JSC |
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Registered Office : |
1039 Giai Phong St Thinh Liet Ward, Hoang Mai Dist, Hanoi |
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Country : |
Vietnam |
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Date of Incorporation : |
22.06.2011 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Trader of Chemicals. |
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No. of Employees : |
20 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 |
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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 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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Company
Details |
||
|
Organization Name |
: |
TAM LONG INVESTMENT AND TRADING JSC |
|
Address |
: |
1039 Giai Phong St Thinh Liet Ward, Hoang
Mai Dist, Hanoi |
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Country |
: |
Vietnam |
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Phone (S) |
: |
[+84] 4-36649372 |
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Facsimile |
: |
[+84] 4-36649276 |
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Email |
: |
tamlonginjsc@gmail.com |
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Website |
: |
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Primary Business Activity |
: |
Trader |
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Key Industry |
: |
Chemicals |
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Key
Facts |
||||||
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Registered Legal Address |
: |
1039 Giai Phong St Thinh Liet Ward, Hoang Mai
Dist, Hanoi |
||||
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Operational Address |
: |
1039 Giai Phong St Thinh Liet Ward, Hoang
Mai Dist, Hanoi |
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Trading Name |
: |
TAM LONG INVETRA JSC |
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Issuing Authority |
: |
DEPARTMENT OF PLANNING & INVESTMENT -
Hanoi |
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License Number |
: |
0102332798 |
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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 |
: |
Joint Stock Company |
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Legal Form - Abbreviation |
: |
JSC |
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Operational Status of Business |
: |
Normal |
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Date of Registration |
: |
22 Jun, 2011 |
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Employees |
: |
20 |
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PREVIOUS BUSINESS LICENSE/S |
: |
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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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Management Details - 3 |
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COMPANY
DIRECTORS |
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REPUTATION |
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Reference checking for the purpose of establishing
TAM LONG INVESTMENT AND TRADING JSC's reputation within the respective
industry failed to reveal any adverse information. |
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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 |
: |
US$ 454,545 |
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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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Annual Sales Analysis |
Percentage |
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Domestic Sales |
10% |
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International Sales (Export) |
90% |
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Annual Purchases Analysis |
Percentage |
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Local Purchases |
40% |
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Imports |
60% |
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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 |
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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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Report
Details |
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Country |
: |
Vietnam |
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Business Entity Name |
: |
TAM LONG INVESTMENT AND TRADING JSC |
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Primary Business Activity |
: |
Trader |
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Primary Industry |
: |
Chemicals |
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Office Contact Details |
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Operating Address |
: |
1039 Giai Phong St Thinh Liet Ward, Hoang
Mai Dist, Hanoi |
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Tel |
: |
[+84] 4-36649372 |
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Mobile |
: |
[+84]-904113914 |
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Fax |
: |
[+84] 4-36649276 |
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Email |
: |
tamlonginjsc@gmail.com |
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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 |
: |
0102332798 |
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Date of Issuance |
: |
7 Aug, 2007 |
Key Person
|
Legal Title |
: |
Chairman |
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Name |
: |
Mr. Nguyen Huu Truong |
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Nationality |
: |
Vietnamese |
Primary
Products
|
Products / Materials / Services Description |
Activity |
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Basic shapes |
Trading |
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Cement clinker |
Trading |
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HDPE recycled materials |
Trading |
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Plastic materials |
Trading |
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Polyester fiber |
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 TAM LONG
INVESTMENT AND TRADING JSC is Trading - Finished products. Basic shapes Cement clinker HDPE recycled materials Plastic materials Polyester fiber Polyester yarn Raw chemicals Rubber bands Rubber products Rubber thread |
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Supplementary Business |
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In addition to the core business, TAM LONG
INVESTMENT AND TRADING JSC also is engaged in the following areas of
business: Exporting Exporting - Finished products Importing Importing - Raw materials |
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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 |
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Europe |
Medium |
Exporting |
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Middle-East |
Medium |
Exporting |
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China |
Medium |
Importing |
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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.63.37 |
|
|
1 |
Rs.98.86 |
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Euro |
1 |
Rs.69.97 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
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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.