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Report No. : |
326526 |
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Report Date : |
17.06.2015 |
IDENTIFICATION DETAILS
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Name : |
DIEP NAM PHUONG CO LTD |
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Registered Office : |
Group 10 Area 12 Long Duc Commune, Long Thanh, Dong Nai |
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Country : |
Vietnam |
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Date of Incorporation : |
21.08.2014 |
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Legal Form : |
Private Company with Limited Liability |
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Line of Business : |
Subject is trader of metals & metal products |
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No. of Employee : |
12 |
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 Company |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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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 |
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Company Details |
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Organization Name |
: |
DIEP NAM PHUONG CO LTD
(1) |
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Address |
: |
Group 10 Area 12 Long Duc Commune,
Long Thanh, Dong Nai |
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Country |
: |
Vietnam |
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Phone (S) |
: |
[+84] 61-3501327 |
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Facsimile |
: |
[+84] 61-3252113 |
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Email |
: |
info@dnpvn.com |
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Website |
: |
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Primary Business Activity |
: |
Trader |
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Key Industry |
: |
Metals & Metal Products |
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Key Facts |
||
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Registered Legal Address |
: |
Group 10 Area 12 Long Duc
Commune, Long Thanh, Dong Nai |
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Operational Address |
: |
Group 10 Area 12 Long Duc Commune,
Long Thanh, Dong Nai |
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Issuing Authority |
: |
Dept. of Planning &
Investment - Dong Nai |
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License Number |
: |
3603205073 |
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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 |
: |
21 Aug, 2014 |
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Employees |
: |
12 |
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Note |
: |
(1) Legal status of the English corporate name |
Key Person
|
Legal Title |
: |
Managing Director |
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Name |
: |
Mr. Nguyen Huu That |
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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 DIEP
NAM PHUONG 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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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$ 91,785 |
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CAPITAL (Currency: VND - Vietnam
Dong) |
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Authorized Capital |
: |
₫ 2,000,000,000 |
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SHAREHOLDERS |
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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 |
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No. |
Shareholders |
Country |
Shares |
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Number |
Amount (VND) |
% |
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1 |
Mr. Nguyen Huu That |
Vietnam |
n/a |
n/a |
100.00 |
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Total |
n/a |
n/a |
100.00 |
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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. |
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DOMESTIC SALES & PURCHASES |
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Annual Sales Analysis |
Percentage |
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Domestic Sales |
100% |
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Annual Purchases Analysis |
Percentage |
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Local Purchases |
10% |
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Imports |
90% |
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PAYMENT TERMS |
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Selling |
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Purchasing |
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OVERSEAS SUPPLIERS |
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N/a
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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. |
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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 |
: |
DIEP NAM PHUONG CO LTD |
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Primary Business Activity |
: |
Trader |
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Primary Industry |
: |
Metals & Metal Products |
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Office Contact Details |
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Operating Address |
: |
Group 10 Area 12 Long Duc
Commune, Long Thanh, Dong Nai |
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Tel |
: |
[+84] 61-3501327 |
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Fax |
: |
[+84] 61-3252113 |
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Email |
: |
info@dnpvn.com |
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Website Details |
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Website |
: |
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Status |
: |
Normal - operational |
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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 |
: |
3603205073 |
Primary Products
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Products / Materials / Services
Description |
Activity |
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Pipe |
Importing, Trading |
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Special steel |
Importing, Trading |
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Stainless steel coils |
Importing, Trading |
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Stainless steel fittings |
Importing, Trading |
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Stainless steel sheets |
Importing, 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
DIEP NAM PHUONG CO LTD is Trading - Finished products. Stainless steel coils Pipe Special steel Stainless steel fittings Stainless steel sheets Steel products |
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Supplementary Business |
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In addition to the core
business, DIEP NAM PHUONG CO LTD also is engaged in the following areas of
business: Importing Importing - 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 |
Importing |
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Europe |
Medium |
Importing |
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China |
Medium |
Importing |
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Finland |
Medium |
Importing |
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Korea, South (Republic of
Korea) |
Medium |
Importing |
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Singapore |
Medium |
Importing |
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Spain |
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.64.15 |
|
|
1 |
Rs.100.04 |
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Euro |
1 |
Rs.72.27 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
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Report Prepared
by : |
ASH |
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 |
|
<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.