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Report No. : |
333807 |
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Report Date : |
30.07.2015 |
IDENTIFICATION DETAILS
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Name : |
NHU HUNG PHAT CO LTD |
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Registered Office : |
54/1 Nguyen Thi Huynh St Ward 11, Phu Nhuan, Ho Chi Minh |
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Country : |
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Date of Incorporation : |
21.08.2014 |
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Legal Form : |
Company Limited |
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Line of Business : |
Importer of Agricultural Products. |
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No. of Employee : |
3 |
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 |
|
Low |
A2 |
|
Moderate |
B1 |
|
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.
|
Source
: CIA |
|
Organization Name |
: |
NHU HUNG PHAT CO LTD (1) |
|
Address |
: |
54/1 Nguyen Thi Huynh St Ward 11, Phu Nhuan, Ho Chi Minh |
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Country |
: |
Vietnam |
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Primary Business Activity |
: |
Importer |
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Key Industry |
: |
Agricultural Products |
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Registered Legal Address |
: |
54/1 Nguyen Thi Huynh St Ward 11, Phu Nhuan, Ho Chi Minh |
|
Operational Address |
: |
54/1 Nguyen Thi Huynh St Ward 11, Phu Nhuan, Ho Chi Minh |
|
Issuing Authority |
: |
Dept. of Planning & Investment - Ho Chi Minh |
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License Number |
: |
0312899865 |
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License Status |
: |
License exists - Normal. |
|
Legal Form - Category |
: |
Private Company with Limited Liability |
|
Legal Form |
: |
Company Limited |
|
Legal Form - Abbreviation |
: |
CO LTD |
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Operational Status of Business |
: |
Normal |
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Date of Registration |
: |
21 Aug, 2014 |
|
Employees |
: |
3 |
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Capital |
: |
US$ 4,591 |
|
Note |
: |
(1) Legal status of the English corporate name |
Key Person
|
Legal Title |
: |
Managing Director |
|
Name |
: |
Ms. Nguyen Nhu |
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Nationality |
: |
Vietnamese |
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COMPANY
DIRECTORS |
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REPUTATION |
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Due to the recent incorporation of the NHU HUNG PHAT CO LTD, 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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DISHONORED CHECKS |
|
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 |
|
No Record Found |
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ADVERSE LOCAL MEDIA COVERAGE / ADVERSE FILING
HISTORY |
|
No Record Found |
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CAPITAL (Currency: VND - Vietnam Dong) |
|||
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Total number of shareholders |
: |
1 |
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Total number of shares |
: |
n/a |
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Currency |
: |
VND - Vietnam Dong |
|
No. |
Shareholders |
Country |
Shares |
||
|
Number |
Amount (VND) |
% |
|||
|
1 |
Ms. Nguyen Nhu |
Vietnam |
n/a |
n/a |
100.00 |
|
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.
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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N/a
FINANCIAL
STATEMENT – DETAILED
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
|
Today's Exchange rate |
: |
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|
Country |
: |
Vietnam |
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Business Entity Name |
: |
NHU HUNG PHAT CO LTD |
|
Primary Business Activity |
: |
Importer |
|
Primary Industry |
: |
Agricultural Products |
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Office Contact
Details |
||
|
Operating Address |
: |
54/1 Nguyen Thi Huynh St Ward 11, Phu Nhuan, Ho Chi Minh |
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Mobile |
: |
[+84]-909922656 |
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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 |
|
GTGT / VAT Number |
: |
0312899865 |
Primary Products
|
Products / Materials / Services Description |
Activity |
|
Flowers |
Importing, Trading |
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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 NHU HUNG PHAT CO LTD is Importing -
Finished products. Flowers |
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Supplementary
Business |
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In addition to the core business, NHU HUNG PHAT CO LTD also is engaged
in the following areas of business: Trading Trading - Finished products |
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BANK DETAILS |
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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 |
Importing |
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China |
Medium |
Importing |
|
Netherlands |
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.63.89 |
|
|
1 |
Rs.99.71 |
|
Euro |
1 |
Rs.70.63 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
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Report Prepared
by : |
ANK |
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 |
|
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 |
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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.