MIRA INFORM REPORT
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Report No. : |
319851 |
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Report Date : |
29.05.2015 |
IDENTIFICATION DETAILS
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Name : |
KISWIRE CORD VIETNAM LTD |
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Registered Office : |
Lot A-5A-CN Bau Bang Industrial Zone Lai Uyen Commune, Ben Cat, Binh
Duong |
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Country : |
Vietnam |
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Date of Incorporation : |
07.01.2007 |
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Legal Form : |
Private Company with Limited Liability |
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Line of Business : |
Subject is manufacturer of metals and metal products |
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No. of Employee : |
80 |
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 – December 31, 2014
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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 |
REGISTERED
NAME & COMPANY SUMMARY
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Company Details |
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Organization Name |
: |
KISWIRE
CORD VIETNAM LTD (1) |
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Address |
: |
Lot A-5A-CN Bau Bang Industrial Zone Lai
Uyen Commune, Ben Cat, Binh Duong |
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Country |
: |
Vietnam |
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Phone (S) |
: |
[+84] 650-3551617 |
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Facsimile |
: |
[+84] 650-3551614 |
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Email |
: |
quan.tri@horizon.com.vn |
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Website |
: |
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Primary Business Activity |
: |
Manufacturer |
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Key Industry |
: |
Metals & Metal Products |
Key
Facts
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Registered Legal Address |
: |
Lot A-5A-CN Bau Bang Industrial Zone Lai
Uyen Commune, Ben Cat, Binh Duong |
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Operational Address |
: |
Lot A-5A-CN Bau Bang Industrial Zone Lai
Uyen Commune, Ben Cat, Binh Duong |
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Name History |
: |
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Issuing Authority |
: |
Dept. of Planning & Investment - Binh
Duong |
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License Number |
: |
462025000180 |
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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 |
: |
Limited |
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Legal Form - Abbreviation |
: |
LTD |
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Operational Status of Business |
: |
Normal |
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Date of Registration |
: |
7 Jun, 2007 |
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Employees |
: |
80 |
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Capital |
: |
US$ 10,600,000 |
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Note |
: |
(1) Legal
status of the English corporate name |
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DIRECTORS/MANAGEMENT
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Key Person
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COMPANY
MANAGEMENT
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Management Listings |
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COMPANY
DIRECTORS
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NEGATIVE
INFORMATION
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REPUTATION |
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Reference checking for the purpose of
establishing KISWIRE CORD VIETNAM 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: USD - US Dollar) |
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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
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DIRECT / INDIRECT CORPORATE PARENT DETAILS |
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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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|
Country |
: |
Vietnam |
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Business Entity Name |
: |
KISWIRE CORD VIETNAM LTD |
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Primary Business Activity |
: |
Manufacturer |
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Primary Industry |
: |
Metals & Metal Products |
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Office Contact Details |
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Operating Address |
: |
Lot A-5A-CN Bau Bang Industrial Zone Lai
Uyen Commune, Ben Cat, Binh Duong |
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Tel |
: |
[+84] 650-3551617 |
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Fax |
: |
[+84] 650-3551614 |
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Email |
: |
quan.tri@horizon.com.vn |
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Website Details |
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Website |
: |
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Status |
: |
Normal - operational |
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Country of Registration |
: |
Korea, South (Republic of Korea) |
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Ownership Type |
: |
Registered ownership by a related third
party |
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Owner Country |
: |
Korea, South (Republic of Korea) |
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Owner Name |
: |
KISWIRE LTD |
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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 |
: |
3700804643 |
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Primary Products
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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 KISWIRE CORD
VIETNAM LTD is Manufacturing - Finished products. Steels Wire steel
Distribution |
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Supplementary Business |
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In addition to the core business, KISWIRE
CORD VIETNAM LTD also is engaged in the following areas of business: Exporting Exporting - Finished products Importing Importing - Raw materials |
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, Exporting |
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Korea, South (Republic of Korea) |
Medium |
Importing, Exporting |
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Malaysia |
Medium |
Importing |
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
|
Indian Rupees |
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US Dollar |
1 |
Rs.63.90 |
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|
1 |
Rs.98.16 |
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Euro |
1 |
Rs.69.74 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
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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 |
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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 |
-- |
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.