MIRA INFORM REPORT

 

 

Report No. :

324647

Report Date :

08.06.2015

 

IDENTIFICATION DETAILS

 

Name :

VIETNAM OMAN INVESTMENTS (1)

 

 

Registered Office :

Unit 3, 18Fl Bitexco Financial Tower 02 Hai Trieu St Ben Nghe Ward, District 1, Ho Chi Minh

 

 

Country :

Vietnam

 

 

Date of Incorporation :

10.11.2008

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

Providing Financial Services – General

 

 

No. of Employees :

10

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

USD $50,000

Status :

Moderate

Payment Behaviour :

Unknown

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 – December 31, 2014

 

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

Vietnam

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

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

 

REGISTERED NAME & COMPANY SUMMARY

 

Company Details

 

Organization Name

:

VIETNAM OMAN INVESTMENTS (1)

Address

:

Unit 3, 18Fl Bitexco Financial Tower 02 Hai Trieu St Ben Nghe Ward, District 1, Ho Chi Minh

Country

:

Vietnam

Phone (S)

:

[+84] 8-62918882

Facsimile

:

[+84] 8-62918879

Email

:

contact@voi.vn

Website

:

http://www.voi.vn

Primary Business Activity

:

Service

Key Industry

:

Financial Services - General

 

Key Facts

Registered Legal Address

:

Unit 3, 18Fl Bitexco Financial Tower 02 Hai Trieu St Ben Nghe Ward, District 1, Ho Chi Minh

Operational Address

:

Unit 3, 18Fl Bitexco Financial Tower 02 Hai Trieu St Ben Nghe Ward, District 1, Ho Chi Minh

Issuing Authority

:

People's Committee - Ho Chi Minh

License Number

:

411032000136

License Status

:

License exists - Normal.

Legal Form - Category

:

Joint Stock Company

Legal Form

:

Joint Stock Company

Legal Form - Abbreviation

:

JSC

Operational Status of Business

:

Normal

Date of Registration

:

10 Nov, 2008

Employees

:

10

Capital

:

US$ 200,000,000

Note

:

(1) Legal status of the English corporate name
The English name of the Subject Business Entity (SBE) is a randomly selected translation / transliteration made by the owners of the SBE. It is not a registered English corporate name, but simply a translation / transliteration of the local language name.

 

 

CREDIT recommendation

 

Current Credit Limit: USD $50,000 based on 90 days

 

 

DIRECTORS/MANAGEMENT

 

Key Person

Legal Title

:

Managing Director

Name

:

Mr. Nguyen Hong Son

Nationality

:

Vietnamese

 

COMPANY DIRECTORS

1

 

 

Personal Unique Identifier

:

MI03861894

Name

:

Mr. Nguyen Hong Son

 

 

NEGATIVE INFORMATION

 

REPUTATION

 

Reference checking for the purpose of establishing VIETNAM OMAN INVESTMENTS's reputation within the respective industry failed to reveal any adverse information.

 

 

NEGA-SCAN - ADVERSE DATA MONITORING

 

 

DISHONORED CHECKS

 

No Record Found

 

 

DEBT

 

No Record Found

 

 

CIVIL LITIGATION

 

No Record Found

 

 

PERFORMANCE DEFAULTS

 

No Record Found

 

 

ADVERSE LOCAL MEDIA COVERAGE / ADVERSE FILING HISTORY

 

No Record Found

 

http://www.asiancredit.com/Manage/Image/space.gif

 

 

 

SHARE & SHARE CAPITAL INFORMATION

 

SHAREHOLDERS

 

Total number of shareholders

:

n/a

Total number of shares

:

n/a

 

Currency

:

USD - US Dollar

 

No.

Shareholders

Country

Shares

Number

Amount (USD)

%

1

OMAN INVESTMENT FUND, THE

Oman

n/a

n/a

n/a

2

OMAN OIL COMPANY SAOC

Oman

n/a

n/a

n/a

3

STATE CAPITAL INVESTMENT CORP

Vietnam

n/a

n/a

n/a

4

STATE GENERAL RESERVE FUND

Oman

n/a

n/a

n/a

Total

n/a

n/a

n/a

 

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

 

CAPITAL (Currency: USD - US Dollar)

Authorized Capital

:

$ 200,000,000

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

N/a

 

 

FINANCIAL INFORMATION

 

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.

 

 

FOREIGN EXCHANGE RATES

 

N/a

 

 

ADDITIONAL INFORMATION

Report Details

 

 

 

 

 

 

 

Country

:

Vietnam

Business Entity Name

:

VIETNAM OMAN INVESTMENTS

Acronym

:

VOI

Primary Business Activity

:

Service

Primary Industry

:

Financial Services - General

Office Contact Details

Operating Address

:

Unit 3, 18Fl Bitexco Financial Tower 02 Hai Trieu St Ben Nghe Ward, District 1, Ho Chi Minh

Tel

:

[+84] 8-62918882

Fax

:

[+84] 8-62918879

Email

:

contact@voi.vn

Website Details

Website

:

http://www.voi.vn

Status

:

Normal - operational

Country of Registration

:

Vietnam

Tax / VAT Details

Tax Issuing Authority

:

Ministry of Finance

Local Name Used

:

Gia Trj Gia Tang (Value Added Tax)

Acronym

:

GTGT / VAT

GTGT / VAT Number

:

0103004398

 

Primary Products

Products / Materials / Services Description

Activity

Investment funds

Service

Private equity investments

Service

 

SIC PRODUCT CLASSIFICATION & ACTIVITY

 

Product/Service Description

Code

Activity

Holding & Investment Offices

6700

Service

 

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

 

Product/Service Description

Code

Activity

Business services, health, financial/insur. legal/real estate, hotels, and misc repairs

9900

Service

 

CORE BUSINESS DESCRIPTION

 

Core Business

The primary business focus of VIETNAM OMAN INVESTMENTS is Specialized professional services, including:

Investment funds

Private equity investments

 

OFFICE & FACILITIES

 

The following information relates to the Business Entity's office as listed above:

Name

:

VIETNAM OMAN INVESTMENTS - DISTRICT 1, HO CHI MINH

Primary Use

:

Office & Administration facilities

Address

:

Unit 3, 18Fl Bitexco Financial Tower 02 Hai Trieu St Ben Nghe Ward, District 1, Ho Chi Minh

Country

:

Vietnam

Status

:

Operational

 

PREVIOUS CONTACT DETAILS

 

Company Address

:

3Fl Sentinel Place 41A Ly Thai To St, Hoan Kiem Dist, Hanoi

Telephone Number

:

84-4-39388652

Fax Number

:

84-4-39388643

Date of Relocation

:

2014

 

 

 

NOTES & COMMENTS

 

N/A

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.90

UK Pound

1

Rs.71.82

Euro

1

Rs.97.97

 

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

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

 

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

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.