MIRA INFORM REPORT
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Report No. : |
323772 |
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Report Date : |
30.05.2015 |
IDENTIFICATION DETAILS
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Name : |
VINH HUNG TRADING JSC |
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Registered Office : |
Km 19, 500 Rd 32 Doc Dap Tran Dong Thap Commune, Dan Phuong Dist, Hanoi |
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Country : |
Vietnam |
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Date of Incorporation : |
24.12.2008 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacturer of Food Products |
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No of Employees : |
20 |
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 Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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
Company Details
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Organization Name |
: |
VINH HUNG TRADING JSC |
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Address |
: |
Km 19, 500 Rd 32 Doc Dap Tran Dong Thap Commune, Dan Phuong Dist,
Hanoi |
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Country |
: |
Vietnam |
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Phone (S) |
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[+84] 4-33669803 |
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Facsimile |
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[+84] 4-33669803 |
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Email |
: |
thuyloan.vinhhung@gmail.com |
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Website |
: |
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Primary Business Activity |
: |
Manufacturer |
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Key Industry |
: |
Food Products |
Key Facts
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Registered Legal Address |
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Km 19, 500 Rd 32 Doc Dap Tran Dong Thap Commune, Dan Phuong Dist,
Hanoi |
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Operational Address |
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Km 19, 500 Rd 32 Doc Dap Tran Dong Thap Commune, Dan Phuong Dist,
Hanoi |
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Issuing Authority |
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Dept. of Planning & Investment - Hanoi |
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License Number |
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0500470349 |
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License Status |
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License exists - Normal. |
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Legal Form - Category |
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Joint Stock Company |
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Legal Form |
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Joint Stock Company |
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Legal Form - Abbreviation |
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JSC |
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Operational Status of Business |
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Normal |
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Date of Registration |
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24 Dec, 2008 |
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Employees |
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20 |
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Capital |
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US$ 155,272 |
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PREVIOUS BUSINESS LICENSE/S |
: |
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DIRECTORS/MANAGEMENT
Key Person
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Legal Title |
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Chairman |
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Name |
: |
Mr.
Ngo Phi Thuy |
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Nationality |
: |
Vietnamese |
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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 VINH HUNG TRADING JSC'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: VND - Vietnam Dong) |
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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
N/a
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
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
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Today's Exchange rate |
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ADDITIONAL
INFORMATION
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Report Details |
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Primary Products
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Products / Materials / Services Description |
Activity |
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Prawn cracker |
Manufacturing |
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Vermicelli |
Manufacturing |
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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 VINH HUNG TRADING JSC is Manufacturing -
Finished products.
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Supplementary Business |
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In addition to the core business, VINH HUNG TRADING JSC also is
engaged in the following areas of business:
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BANK DETAILS |
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LOCAL BRANCHES & MANAGEMENT |
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INTERNATIONAL TRADE - Activity & Markets |
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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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NOTES
& COMMENTS
N/a
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs. 63.76 |
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1 |
Rs. 97.79 |
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Euro |
1 |
Rs. 69.90 |
INFORMATION DETAILS
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Analysis Done by
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RSM |
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Report Prepared
by : |
DPT |
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 |
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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.