MIRA INFORM REPORT

 

 

Report No. :

320621

Report Date :

04.05.2015

 

IDENTIFICATION DETAILS

 

Name :

HYOSUNG VIETNAM CO LTD

 

 

Registered Office :

Nhon Trach 5 Industrial Zone Rd 2, Nhon Trach Dist, Dong Nai

 

 

Country :

Vietnam

 

 

Financials (as on) :

December 2013

 

 

Date of Incorporation :

22.05.2007

 

 

Legal Form :

Company Limited

 

 

Line of Business :

Manufacturer of Textiles & Raw Material

 

 

No. of Employee :

4,700

 

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

 

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

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 – September 30, 2014

 

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

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 less than 20% in 2013, while industry's share increased from 36% to more than 42% 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 2013 growing at 5%, the slowest rate of growth since 1999. In 2013, however, exports increased by more than 12%, year-on-year; 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 remained relatively stable in 2013. 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, little perceptible progress has been made. Vietnam's economy continues to face challenges from an undercapitalized banking sector. Non-performing loans weigh heavily on banks and businesses.

 

Source : CIA

 

REGISTERED NAME & COMPANY SUMMARY

 

Company Details

Organization Name

:

HYOSUNG VIETNAM CO LTD (1)

Address

:

Nhon Trach 5 Industrial Zone Rd 2, Nhon Trach Dist, Dong Nai

Country

:

Vietnam

Phone (S)

:

[+84] 61-3566100

Facsimile

:

[+84] 61-3569447

Email

:

phuongdang@hyosung.com

Website

:

http://www.hyosung.com

Primary Business Activity

:

Manufacturer

Key Industry

:

Textiles & Raw Material

 

 

 

DIRECTORS/MANAGEMENT

 

 Key Person

Legal Title

:

Managing Director

Name

:

Mr. Gi-Soo Kwon

Nationality

:

Korean

 

COMPANY MANAGEMENT

Management Listings

 

Name

Nationality

Job Description

Dept. / Division

1

Mr. Dang Buu Phuong

Vietnamese

Chief Accountant

-

Management Details - 1

Personal Unique Identifier

:

MI02156284

Name

:

Mr. Dang Buu Phuong

 

Date of Birth

:

1976

 

 

COMPANY DIRECTORS

1

 

 

Personal Unique Identifier

:

MI02385627

Name

:

Mr. Gi-Soo Kwon

Date of Birth

:

1951

 

 

NEGATIVE INFORMATION

 

REPUTATION

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

 

NEGA-SCAN - ADVERSE DATA MONITORING

 

DISHONORED CHECKS

 

No Record Found

 

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

 

DEBT

 

No Record Found

 

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

 

CIVIL LITIGATION

 

No Record Found

 

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

 

PERFORMANCE DEFAULTS

 

No Record Found

 

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

 

ADVERSE LOCAL MEDIA COVERAGE / ADVERSE FILING HISTORY

 

No Record Found

 

 

 

 

SHARE & SHARE CAPITAL INFORMATION

 

Capital

:

US$ 69,400,000

 

CAPITAL (Currency: USD - US Dollar)

Authorized Capital

:

$ 69,400,000

Paid-up Capital

:

$ 69,400,000

 

 

SHAREHOLDERS

Total number of shareholders

:

2

Total number of shares

:

n/a

 

Currency

:

USD - US Dollar

 

No.

Shareholders

Country

Shares

Number

Amount (USD)

%

1

HYOSUNG CORP

Korea, South (Republic of Korea)

n/a

49,572,420

71.43

2

HYOSUNG INVESTMENT & DEVELOPMENT CORP

Korea, South (Republic of Korea)

n/a

19,827,580

28.57

Total

 

n/a

69,400,000

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

 

 International Trade - Statistics  (Currency: USD - US Dollar)

Year

Imports

Exports

Total

2010

n/a

285,728,297

285,728,297

2011

n/a

477,062,175

477,062,175

2012

n/a

584,085,118

584,085,118

 

 

DOMESTIC SALES & PURCHASES

Annual Sales Analysis

Percentage

Domestic Sales

10%

International Sales (Export)

90%

Annual Purchases Analysis

Percentage

Local Purchases

20%

Imports

80%

 

PAYMENT TERMS

Selling

Type

Terms

Local

Cash on delivery (COD)

Credit - Unsecured 30~90 days

Export

Letter of Credit (At-sight)

Telegraphic Transfer (T/T) - Received at time of transaction

 

Purchasing

Type

Terms

Local

Cash on delivery (COD)

Credit - Unsecured 30~90 days

Import

Letter of Credit (At-sight)

Telegraphic Transfer (T/T) - Executed at time of transaction

 

INTERNATIONAL TRADE - Statistics (Currency: USD - US Dollar)

Year

Imports

Exports

Total

2008

n/a

39,597,183

39,597,183

2009

n/a

180,698,004

180,698,004

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

DIRECT / INDIRECT CORPORATE PARENT DETAILS

Direct Parent

:

HYOSUNG CORP

Global Identifier

:

31331291

Legal Form Category

:

Public Listed Company

Country

:

Korea, South (Republic of Korea)

Operational Address

:

119 Mapo-daero Mapo-gu Seoul 121805

Primary Business Activity

:

Manufacturer

 

RELATED PARTIES (Subsidiaries, Joint-ventures & Affiliates)

 

The following provides a summary of the number of businesses that are related to HYOSUNG VIETNAM CO LTD:

 

TYPE

INTERNATIONAL

Africa

Asia / Pacific

Europe

Middle-East

North America

South America

TOTAL

Subsidiaries

-

-

-

-

-

-

-

Joint-Ventures

-

-

-

-

-

-

-

Minority shareholdings

-

-

-

-

-

-

-

Affiliates

-

2

-

-

-

-

2

Liaison / Representative Offices

-

-

-

-

-

-

-

 

International

 

Business Entity Name

:

HYOSUNG GOODSPRINGS INC

Global Identifier

:

31312716

Country

:

Korea, South (Republic of Korea)

Relationship

:

Affiliate

Operational Address

:

10-12Fl KPX Bldg 137 Mapo-daero, Mapo-gu, Seoul 121805

Primary Business Activity

:

Manufacturer

Industry

:

Machinery

 

 

 

Business Entity Name

:

HYOSUNG INFORMATION SYSTEMS CO LTD

Global Identifier

:

31312789

Country

:

Korea, South (Republic of Korea)

Relationship

:

Affiliate

Operational Address

:

8Fl Cheongdam Bldg 52 Cheongdam 1-dong, Kangnam-gu, Seoul 135764

Primary Business Activity

:

Trader

Industry

:

Computer & Information Products

 

 

FINANCIAL INFORMATION

 

 Financials - Summary  (Currency: USD - US Dollar)

Year

Sales

Assets

Net Income

2011 Annual  

530,069,083

624,157,177

10,774,700

2012 Annual  

648,983,465

772,854,731

26,659,163

2013 Annual (*)

820,855,279

783,883,415

55,553,585

 

Sales Trend – Analysis

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

-

-

-

-

-

http://www.asiancredit.com/Manage/image/up_arrow_04.gif

http://www.asiancredit.com/Manage/image/up_arrow_04.gif

http://www.asiancredit.com/Manage/image/up_arrow_04.gif

http://www.asiancredit.com/Manage/image/up_arrow_04.gif

http://www.asiancredit.com/Manage/image/up_arrow_04.gif

Note: (*)

Financials listed are the most recent available for this company.

 

FINANCIALS - SUMMARY (Currency: USD - US Dollar)

Year

Sales

Assets

Net Income

2008 Annual

46,584,922

281,728,287

-14,990,772

2009 Annual

200,775,560

332,353,737

16,733,847

2010 Annual

317,475,885

542,781,426

26,297,691

 

 

 

 

FINANCIAL STATEMENT - DETAILED

Balance Sheet

Currency

:

VND

Denomination

:

1

Financial Year Ending

:

December

Financial Highlights

2011 Annual

2012 Annual

2013 Annual

Current Assets(*)

2,527,698,000,000

2,859,296,000,000

3,198,271,000,000

Non Current Assets(*)

10,473,496,000,000

13,235,140,000,000

13,332,333,000,000

Non Current Liabilities(*)

9,506,815,000,000

7,117,711,000,000

3,428,664,000,000

Share Capital(*)

1,239,136,000,000

1,239,136,000,000

1,251,511,000,000

Other long term assets 

Total Assets(*)

13,001,194,000,000

16,094,437,000,000

16,530,604,000,000

Total Liabilities(*)

10,945,754,000,000

13,476,105,000,000

13,090,058,000,000

Current Liabilities(*)

1,438,939,000,000

6,358,394,000,000

9,661,394,000,000

Long term liabilities 

Shareholders Funds(*)

2,055,440,000,000

2,618,332,000,000

3,440,546,000,000

 

Current assets & short term investments

2,527,698,000,000

2,859,296,000,000

3,198,271,000,000

Cash & cash equivalents

2,527,698,000,000

729,674,000,000

506,538,000,000

Cash

2,527,698,000,000

729,674,000,000

506,538,000,000

Short term investments

43,739,000,000

43,739,000,000

42,072,000,000

Short term securities investments

-

-

42,072,000,000

Accounts receivable

255,809,000,000

325,295,000,000

337,193,000,000

Accounts receivable trade

100,726,000,000

152,601,000,000

200,087,000,000

Trade prepayment

104,850,000,000

45,331,000,000

35,750,000,000

Others receivables

52,596,000,000

130,739,000,000

104,766,000,000

Provision for bad debts

(2,363,000,000)

(3,376,000,000)

(3,410,000,000)

i. Inventories

1,738,357,000,000

1,650,623,000,000

2,137,724,000,000

ii. Inventories

-

-

2,169,926,000,000

Provision for decline in inventory

-

-

(32,202,000,000)

i. Other short term asset

213,571,000,000

109,965,000,000

174,744,000,000

Prepaid expenses

15,752,000,000

15,738,000,000

26,925,000,000

VAT deductible

171,664,000,000

87,402,000,000

138,314,000,000

ii. Other short term asset

26,155,000,000

6,825,000,000

9,505,000,000

Long term assets

10,473,495,000,000

13,235,140,000,000

13,332,333,000,000

Fixed assets

9,871,552,000,000

12,269,621,000,000

12,323,415,000,000

Tangible fixed assets

8,720,586,000,000

10,868,068,000,000

11,880,065,000,000

i. Cost

8,720,586,000,000

10,868,068,000,000

17,211,550,000,000

i. Accumulated depreciation

-

-

5,331,485,000,000

Finance lease assets

32,544,000,000

26,870,000,000

26,793,000,000

ii. Cost

32,544,000,000

26,870,000,000

28,265,000,000

ii. Accumulated depreciation

-

-

1,472,000,000

Intangible fixed assets

9,350,000,000

7,953,000,000

6,061,000,000

iii. Cost

9,350,000,000

7,953,000,000

17,910,000,000

iii. Accumulated depreciation

-

-

11,849,000,000

Construction in progress

1,109,073,000,000

1,366,730,000,000

410,496,000,000

Long term investments

3,000,000,000

-

-

Other long term investments

3,000,000,000

-

-

i. Other long term assets

598,943,000,000

965,520,000,000

1,008,918,000,000

Long term prepayments

584,193,000,000

950,770,000,000

1,005,826,000,000

Asset of income tax delay

11,688,000,000

11,688,000,000

-

ii. Other long term assets

3,061,000,000

3,062,000,000

3,092,000,000

Total assets

13,001,194,000,000

16,094,437,000,000

16,530,604,000,000

Liabilities

10,945,754,000,000

13,476,105,000,000

13,090,058,000,000

Current liabilities

1,438,939,000,000

6,358,394,000,000

9,661,394,000,000

Short term borrowings

295,989,000,000

5,269,481,000,000

7,120,701,000,000

Accounts payables-trade

1,065,368,000,000

988,544,000,000

2,435,439,000,000

Advances from customers

1,896,000,000

9,162,000,000

13,566,000,000

Taxes and payable to state budget

31,090,000,000

13,791,000,000

6,361,000,000

Payable to employees

9,142,000,000

-

-

Accrued expenses payable

25,032,000,000

41,859,000,000

36,036,000,000

Other payables

10,422,000,000

35,557,000,000

49,291,000,000

Long term liabilities

9,506,815,000,000

7,117,711,000,000

3,428,664,000,000

Long term borrowings

9,505,908,000,000

7,116,879,000,000

3,428,664,000,000

Provision funds for unemployment

907,000,000

832,000,000

-

Owner's equity

2,055,440,000,000

2,618,332,000,000

3,440,546,000,000

Business capital

1,239,136,000,000

1,239,136,000,000

1,251,511,000,000

Foreign exchange differences

(77,223,000,000)

1,379,196,000,000

-

Retained earnings

824,027,000,000

-

2,189,035,000,000

Total resources

13,001,194,000,000

16,094,437,000,000

16,530,604,000,000

Note: (*)

Financial Highlights

Income Statement

Currency

:

VND

Denomination

:

1

Financial Year Ending

:

December

Financial Highlights

2011 Annual

2012 Annual

2013 Annual

Turnover(*)

11,041,339,000,000

13,514,860,000,000

17,310,270,000,000

Profit (Loss) Before Tax(*)

231,389,000,000

596,137,000,000

1,313,888,000,000

Profit After Tax attributable to Shareholders(*)

224,437,000,000

555,168,000,000

1,171,519,000,000

 

Gross sales

11,041,339,000,000

13,514,860,000,000

17,310,270,000,000

Less deductions

2,570,000,000

40,361,000,000

189,176,000,000

Net income

11,038,769,000,000

13,474,499,000,000

17,121,094,000,000

Cost of goods sold

9,510,238,000,000

11,226,168,000,000

13,766,863,000,000

Gross margin

9,510,238,000,000

2,248,331,000,000

3,354,231,000,000

Income from financial activities

105,552,000,000

131,498,000,000

217,023,000,000

Expenses from financial activities

385,114,000,000

343,145,000,000

438,826,000,000

In which: Interest expenses

-

245,526,000,000

297,150,000,000

Selling expenses

176,959,000,000

623,709,000,000

877,950,000,000

General & administration expenses

845,801,000,000

842,798,000,000

995,175,000,000

Net income from operating activities

226,209,000,000

570,177,000,000

1,259,303,000,000

Extraordinary income

25,375,000,000

115,423,000,000

339,761,000,000

Extraordinary expenses

20,194,000,000

89,463,000,000

285,176,000,000

Extraordinary gains

5,180,000,000

25,960,000,000

54,585,000,000

Net profit before tax

231,389,000,000

596,137,000,000

1,313,888,000,000

Income tax

4,713,000,000

38,730,000,000

128,303,000,000

Income tax delay

(2,239,000,000)

(2,239,000,000)

(14,066,000,000)

Net profit after tax

224,437,000,000

555,168,000,000

1,171,519,000,000

Note: (*)

Financial Highlights

Financial Ratios

Financial Highlights

2011 Annual

2012 Annual

2013 Annual

Growth % 

Year-on-Year Growth

78.44

22.40

28.08

Profitability 

Profit Margin (%)

2.03

4.11

6.77

Return on Equity (%)

10.92

21.20

34.05

Return on Assets (%)

1.73

3.45

7.09

Leverage 

Total Debt Equity (Times)

5.33

5.15

3.80

Current Debt Equity (Times)

0.70

2.43

2.81

Long Term Debt to Equity

4.63

2.72

1.00

Total Asset To Total Equity

6.33

6.15

4.80

Asset Management 

Total Assets Turnover (Times)

0.85

0.84

1.05

Fixed Assets Turnover (Times)

1.05

1.02

1.30

Liquidity 

Current Ratio

1.76

0.45

0.33

Based on the corporate laws of Vietnam, legal entities which are Private Company with Limited Liability are not required to make public disclosure of their annual financials. Although basic financials were obtained for reference.

 

 

FOREIGN EXCHANGE RATES

 

N/A

 

ADDITIONAL INFORMATION

 

Key Facts

 

Registered Legal Address

:

Nhon Trach 5 Industrial Zone Rd 2, Nhon Trach Dist, Dong Nai

Operational Address

:

Nhon Trach 5 Industrial Zone Rd 2, Nhon Trach Dist, Dong Nai

Issuing Authority

:

Dept. of Planning & Investment - Dong Nai

License Number

:

472043000143

License Status

:

License exists - Normal.

Legal Form - Category

:

Private Company with Limited Liability

Legal Form

:

Company Limited

Legal Form - Abbreviation

:

CO LTD

Operational Status of Business

:

Normal

Date of Registration

:

22 May, 2007

Employees

:

4,700

 

Report Details

Country

:

Vietnam

Business Entity Name

:

HYOSUNG VIETNAM CO LTD

Primary Business Activity

:

Manufacturer

Primary Industry

:

Textiles & Raw Material

Office Contact Details

Operating Address

:

Nhon Trach 5 Industrial Zone Rd 2, Nhon Trach Dist, Dong Nai

Tel

:

[+84] 61-3566100

 

:

[+84] 61-3569447

 

:

[+84] 61-3569446

 

:

[+84] 61-3569445

 

:

[+84] 61-3569472

Fax

:

[+84] 61-3569447

 

:

[+84] 61-3569228

 

:

[+84] 61-3569227

 

:

[+84] 61-3569299

 

:

[+84] 61-3569230

Email

:

phuongdang@hyosung.com

Website Details

Website

:

http://www.hyosung.com

Status

:

Normal - operational

Country of Registration

:

Korea, South (Republic of Korea)

Ownership Type

:

Registered ownership by a related third party

Owner Country

:

Korea, South (Republic of Korea)

Owner Name

:

HYOSUNG CORP

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

:

3600890952

Date of Issuance

:

22 May, 2007

 

 

 Primary Products

 

Products / Materials / Services Description

Activity

Fabric

Manufacturing, Exporting

Fibers

Manufacturing, Exporting

Garments

Manufacturing, Exporting

Industrial material

Manufacturing, Exporting

Polyester

Manufacturing, Exporting

 

SIC PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description

Code

Activity

Apparel and accessories, nspf

2389

Manufacturing, Exporting

Apparel/Other Textile Products

2300

Manufacturing, Exporting

Fabricated textile products, nspf

2399

Manufacturing, Exporting

Finish Man Fiber/Silk Fabric

2262

Manufacturing, Exporting

Textile goods, nspf

2299

Manufacturing, Exporting

Yarn, spun, of cotton, man-made fibers, and silk

2281

Manufacturing, Exporting

 

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description

Code

Activity

Cotton, inc. yarns & woven fabrics thereof

5200

Manufacturing, Exporting

Garments nesoi, knitted or crocheted

6114

Manufacturing, Exporting

Made-up articles of textile materials

6307

Manufacturing, Exporting

Silk, inc. yarns & woven fabrics thereof

5000

Manufacturing, Exporting

Textile products etc. for specific tech uses

5911

Manufacturing, Exporting

Woven fabrics of silk or silk waste

5007

Manufacturing, Exporting

 

 

CORE BUSINESS DESCRIPTION

Core Business

Supplementary Business

In addition to the core business, HYOSUNG VIETNAM CO LTD also is engaged in the following areas of business:

1.     Exporting

·         Exporting - Finished products

2.     Importing

·         Importing - Raw materials

 

 

BANK DETAILS

Bank Name

:

HSBC BANK (VIETNAM) LTD

Global Identifier

:

32403760

Branch

:

District 1,Ho Chi Minh

Branch Address

:

Metropolitan 235 Dong Khoi Ben Nghe Ward District 1 Ho Chi Minh (Head Office)

SWIFT Code

:

HSBCVNVX

 

Bank Name

:

KEXIM VIETNAM LEASING CO LTD

Global Identifier

:

P0077624

Branch

:

District 1,Ho Chi Minh

Branch Address

:

65 Le Loi St District 1 Ho Chi Minh (Head Office)

SWIFT Code

:

This bank does not have a SWIFT Code

 

Bank Name

:

SHINHAN VIETNAM BANK LTD

Global Identifier

:

P1885646

Branch Address

:

SHINHAN VIETNAM BANK LTD - DONG NAI

SWIFT Code

:

This bank does not have a SWIFT Code

 

Bank Name

:

SHINHANVINA BANK

Global Identifier

:

P0824947

Branch

:

District 1,Ho Chi Minh

Branch Address

:

SHINHANVINA BANK - HO CHI MINH

SWIFT Code

:

SHBKVNVN

 

Bank Name

:

WOORI BANK

Global Identifier

:

P0271354

Branch

:

Ba Dinh,Hanoi

Branch Address

:

WOORI BANK - HO CHI MINH

SWIFT Code

:

HVBKVN2X

 

 

LOCAL BRANCHES & MANAGEMENT

Branch

:

HYOSUNG VIETNAM CO LTD - DISTRICT 1, HO CHI MINH

Branch Address

:

65 Nguyen Du St Ben Nghe Ward, District 1, Ho Chi Minh

Branch Tel

:

84-8-38229309

 

INTERNATIONAL TRADE - Activity & Markets

Country / Region

Estimated level of importance

Trading Activity

Asia / Pacific

Medium

Importing, Exporting

Europe

Medium

Importing, Exporting

North America

Medium

Exporting

China

Medium

Importing

Germany

Medium

Importing

Italy

Medium

Importing

Korea, South (Republic of Korea)

Medium

Importing, Exporting

USA

Medium

Exporting

 

 

OFFICE & FACILITIES

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

Name

:

HYOSUNG VIETNAM CO LTD - NHON TRACH DIST, DONG NAI

Primary Use

:

Office & Administration facilities

Address

:

Nhon Trach 5 Industrial Zone Rd 2, Nhon Trach Dist, Dong Nai

Country

:

Vietnam

Status

:

Operational

 

PREVIOUS CONTACT DETAILS

E-mail

:

phuongdang.glj@gmail.com

 

 

 

PREVIOUS BUSINESS LICENSE/S

License Date

License No.

6 Mar, 2003

1740/GP

 

 

NOTES & COMMENTS

 

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.

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.58

UK Pound

1

Rs.97.99

Euro

1

Rs.70.53

 

INFORMATION DETAILS

 

Analysis Done by :

RSM

 

 

Report Prepared by :

NIT

 

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.