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Report No. : |
341887 |
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Report Date : |
01.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
GIA LOI LONG AN CO LTD |
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|
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Registered Office : |
1071 National Rd 1 Tan Khanh Ward, Tan An, Long An |
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Country : |
Vietnam |
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Date of Incorporation : |
20.02.2013 |
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Legal Form : |
Private Company with Limited Liability |
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Line of Business : |
Manufacturer of Machinery.
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No. of Employees : |
30 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Status : |
Moderate |
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|
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Payment Behaviour : |
Unknown |
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|
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Vietnam |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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 |
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Company
Details |
||
|
Organization
Name |
: |
GIA LOI
LONG AN CO LTD (1) |
|
Name in
Local Language |
: |
CÔNG TY
TNHH MỘT THÀNH VIÊN GIA LỢI LONG AN |
|
Address |
: |
1071
National Rd 1 Tan Khanh Ward, Tan An, Long An |
|
Country |
: |
Vietnam |
|
Phone (S) |
: |
[+84]
72-3513432 |
|
Facsimile |
: |
[+84]
72-3599732 |
|
Email |
: |
ledat.gialoi@gmail.com |
|
Primary
Business Activity |
: |
Manufacturer |
|
Key
Industry |
: |
Machinery |
|
Key Facts |
||
|
Registered
Legal Address |
: |
1071
National Rd 1 Tan Khanh Ward, Tan An, Long An |
|
Operational
Address |
: |
1071
National Rd 1 Tan Khanh Ward, Tan An, Long An |
|
License
Status |
|
License
exists - Normal. |
|
Issuing
Authority |
: |
Dept. of
Planning & Investment - Long An |
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License
Number |
: |
1101686718 |
|
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 |
: |
20 Feb,
2013 |
|
Employees |
: |
30 |
|
Capital |
|
US$ 45,107 |
|
Note |
: |
1)
Legal status of the English corporate name |
Key Person
|
Legal
Title |
: |
Managing
Director |
|
Name |
: |
Mr. Le Van
Dat |
|
Nationality |
: |
Vietnamese |
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COMPANY
DIRECTORS |
||||||||||||
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REPUTATION |
|
Due to the
recent incorporation of the GIA LOI LONG AN 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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||
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DISHONORED CHECKS |
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No Record
Found |
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DEBT |
|
No Record
Found |
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CIVIL LITIGATION |
|
No Record
Found |
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PERFORMANCE DEFAULTS |
|
No Record
Found |
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ADVERSE LOCAL MEDIA COVERAGE / ADVERSE FILING HISTORY |
|
No Record
Found |
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CAPITAL
(Currency: VND - Vietnam Dong) |
|||
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SHAREHOLDERS
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DOMESTIC
SALES & PURCHASES |
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|
Annual
Sales Analysis |
Percentage |
|
Domestic
Sales |
100% |
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International
Sales (Export) |
0% |
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|
|
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Annual
Purchases Analysis |
Percentage |
|
Local
Purchases |
100% |
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Imports |
0% |
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PAYMENT
TERMS |
||||||
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Selling |
||||||
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||||||
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|
||||||
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Purchasing |
||||||
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N/a
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FINANCIAL
STATEMENT - DETAILED |
|
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. |
|
Today's Exchange rate |
: |
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|
Report
Details |
||
|
Country |
: |
Vietnam |
|
Business
Entity Name |
: |
GIA LOI
LONG AN CO LTD |
|
Primary
Business Activity |
: |
Manufacturer |
|
Primary
Industry |
: |
Machinery |
|
Office
Contact Details |
||
|
Operating
Address |
: |
1071
National Rd 1 Tan Khanh Ward, Tan An, Long An |
|
Tel |
: |
[+84]
72-3513432 |
|
|
: |
[+84]
72-3599702 |
|
Fax |
: |
[+84]
72-3599732 |
|
Email |
: |
ledat.gialoi@gmail.com |
|
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 |
: |
1101686718
|
|
Date of
Issuance |
: |
20 Feb,
2013 |
Primary Products
|
Products /
Materials / Services Description |
Activity |
|
Industrial
equipment |
Manufacturing |
|
Mechanical
machines |
Manufacturing |
|
SIC
PRODUCT CLASSIFICATION & ACTIVITY |
|||||||||
|
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HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY |
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CORE BUSINESS DESCRIPTION |
|
Core
Business |
|
The
primary business focus of GIA LOI LONG AN CO LTD is Manufacturing - Finished
products. Industrial
equipment Mechanical
machines
Distribution |
|
BANK
DETAILS |
|
|
REAL
ESTATE OWNERSHIP |
|||||||||
|
N/a
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.74 |
|
UK Pound |
1 |
Rs.99.53 |
|
Euro |
1 |
Rs.73.80 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
VNT |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.