MIRA INFORM REPORT
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Report No. : |
331621 |
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Report Date : |
18.07.2015 |
IDENTIFICATION DETAILS
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Name : |
PHUC THINH BAMBOO AND RATTAN CO LTD |
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Registered Office : |
Luu Thuong Hamlet Phu Tuc Commune, Phu Xuyen Dist, Hanoi |
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Country : |
Vietnam |
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Date of Incorporation : |
05.09.2011 |
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Legal Form : |
Private Company with Limited Liability |
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Line of Business : |
Manufacturer of Furniture. |
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No. of Employees : |
60 |
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 – March 31, 2015
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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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 |
REGISTERED
NAME & COMPANY SUMMARY
Company Details
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Organization Name |
: |
PHUC THINH BAMBOO AND RATTAN CO LTD (1) |
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Address |
: |
Luu Thuong Hamlet Phu Tuc Commune, Phu
Xuyen Dist, Hanoi |
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Country |
: |
Vietnam |
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Phone (S) |
: |
[+84] 4-33605382 |
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Facsimile |
: |
[+84] 4-33915282 |
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Email |
: |
sales@phucthinhhandicraft.com |
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Website |
: |
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Primary Business Activity |
: |
Manufacturer |
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Key Industry |
: |
Furniture |
Key Facts
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Registered Legal Address |
: |
Luu Thuong Hamlet Phu Tuc Commune, Phu
Xuyen Dist, Hanoi |
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Operational Address |
: |
Luu Thuong Hamlet Phu Tuc Commune, Phu
Xuyen Dist, Hanoi |
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Trading Name |
: |
PHUC THINH BARA CO LTD |
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Issuing Authority |
: |
DEPARTMENT OF PLANNING & INVESTMENT -
Hanoi |
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License Number |
: |
0105484830 |
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License Status |
: |
License exists - Normal. |
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Legal Form - Category |
: |
Private Company with Limited Liability |
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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 |
: |
5 Sep, 2011 |
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Employees |
: |
60 |
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Capital |
: |
US$ 220,386 |
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Note |
: |
(1) Legal status
of the English corporate name |
DIRECTORS/MANAGEMENT
Key Person
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Legal Title |
: |
Managing Director |
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Name |
: |
Mr. Nguyen Van Trinh |
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Nationality |
: |
Vietnamese |
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COMPANY MANAGEMENT |
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Management Listings |
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COMPANY DIRECTORS |
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REPUTATION |
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Reference checking for the purpose of establishing
PHUC THINH BAMBOO AND RATTAN CO LTD'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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SHARE
& SHARE CAPITAL INFORMATION
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CAPITAL (Currency: VND - Vietnam Dong) |
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SHAREHOLDERS |
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PAYMENT
INFORMATION
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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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GROUP
STRUCTURE & AFFILIATED COMPANIES
N/A
FINANCIAL
INFORMATION
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FINANCIAL STATEMENT - DETAILED |
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Based on the corporate laws of Vietnam,
legal entities which are a Private Company with Limited Liability are not
required to make public disclosure of their annual financials. Therefore no financials
are available for this entity. |
FOREIGN
EXCHANGE RATES
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Today's Exchange
rate |
: |
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ADDITIONAL
INFORMATION
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Report Details |
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Primary Products
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Products / Materials / Services Description |
Activity |
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Bamboo handicrafts |
Manufacturing, Exporting |
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Bamboo sticks |
Manufacturing, Exporting |
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Hampers |
Manufacturing, Exporting |
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Incense |
Manufacturing, Exporting |
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Placemats |
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 PHUC THINH BAMBOO AND RATTAN CO LTD is
Manufacturing - Finished products.
Bamboo handicrafts Bamboo sticks Hampers Incense Placemats Rattan handicrafts Storage baskets Trunks Vases
Distribution |
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Supplementary Business |
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In addition to the core business, PHUC THINH
BAMBOO AND RATTAN CO LTD 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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OFFICE & FACILITIES |
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The following information relates to the
Business Entity's office as listed above: |
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NOTES
& COMMENTS
N/A
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.63.49 |
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1 |
Rs.99.43 |
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Euro |
1 |
Rs.69.14 |
INFORMATION DETAILS
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Analysis Done by
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KAS |
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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.