MIRA INFORM REPORT
|
Report No. : |
343184 |
|
Report Date : |
07.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
HANOI REPRESENTATIVE OFFICE OF PACIFIC BASIN PARTNERSHIP INC |
|
|
|
|
Registered Office : |
30B Ba Trieu St Hang Bai Ward, Hoan Kiem Dist, Hanoi |
|
|
|
|
Country : |
Vietnam |
|
|
|
|
Date of Incorporation : |
07.08.2013 |
|
|
|
|
Legal Form : |
Liaison/Representative Office of an Overseas Company |
|
|
|
|
Line of Business : |
Subject is Specialized professional services, including: Management
consultancy. |
|
|
|
|
No. of Employee : |
5 |
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 : |
Liaison office of USA company |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
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 |
|
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. Agriculture's share of economic output has shrunk 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 now account for only about 40% of GDP.
Vietnamese authorities have reaffirmed their commitment to economic modernization and a more open economy. Vietnam joined the WorldTRADE Organization in January 2007, which has promoted more competitive, export-driven industries. Vietnam joined the 12-nation Trans-Pacific Partnership free trade agreement negotiations in 2010.
Hanoi has oscillated between promoting growth and emphasizing macroeconomic stability in recent years. Between 2008 and 2011, Vietnam's managedCURRENCY, the dong, was devalued in excess of 20%, but its value has remained relatively stable since then. 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.
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 to restructure publicINVESTMENT, 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.
|
Source
: CIA |
REGISTERED
NAME & COMPANY SUMMARY
Company Details
|
Organization Name |
: |
HANOI REPRESENTATIVE OFFICE OF PACIFIC BASIN PARTNERSHIP INC |
|
Name in Local Language |
: |
VĂN PH̉NG ĐẠI DIỆN PACIFIC BASIN PARTNERSHIP.,
INC TẠI HÀ NỘI |
|
Address |
: |
30B Ba Trieu St Hang Bai Ward, Hoan Kiem Dist, Hanoi |
|
Country |
: |
Vietnam |
|
Phone (S) |
: |
[+84] 8-39290482 |
|
Facsimile |
: |
[+84] 8-39284967 |
|
Primary Business Activity |
: |
Service |
|
Key Industry |
: |
Professional Services |
Key Facts
|
Registered Legal Address |
: |
30B Ba Trieu St Hang Bai Ward, Hoan Kiem
Dist, Hanoi |
|
Operational Address |
: |
30B Ba Trieu St Hang Bai Ward, Hoan Kiem
Dist, Hanoi |
|
License Status |
|
License exists - Normal. |
|
Issuing Authority |
: |
Ministry of Industry & Trade -
National |
|
License Number |
: |
01-002126 |
|
Legal Form - Category |
: |
Liaison/Representative Office of an
Overseas Company |
|
Legal Form |
: |
Not Applicable |
|
Legal Form - Abbreviation |
: |
Due to the type of license, there is no
"Legal Form - Abbreviation" applicable. |
|
Operational Status of Business |
: |
Normal |
|
Date of Registration |
: |
7 Aug, 2013 |
|
Employees |
: |
5 |
|
Capital |
|
n/a (1) |
|
Note |
: |
1) Not applicable. |
DIRECTORS/MANAGEMENT
|
|
COMPANY
MANAGEMENT |
||||||||||
|
|
|
||||||||||
|
|
Management Listings |
||||||||||
|
|
|
|
|
|||||||||
|
|
|
||||||||
|
COMPANY
DIRECTORS |
|
|
|
Not applicable - According to the corporate statutory laws for this
type of Legal Form - Category (Liaison/Representative Office of an Overseas Company)
in Vietnam, there is no requirement for Directors. |
NEGATIVE
INFORMATION
|
REPUTATION |
|
|
|
Due to the lack of any third party references and the relatively small
size of the HANOI REPRESENTATIVE OFFICE OF PACIFIC BASIN PARTNERSHIP INC, it was
not possible to establish any point of reference within the respective
industry sector. |
|
|
NEGA-SCAN -
ADVERSE DATA MONITORING |
|
|
|
SHARE
& SHARE CAPITAL INFORMATION
|
SHAREHOLDERS |
||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||
PAYMENT
INFORMATION
N/a
GROUP
STRUCTURE & AFFILIATED COMPANIES
|
DIRECT / INDIRECT
CORPORATE PARENT DETAILS |
||||||||||||||||||
|
|
||||||||||||||||||
|
FINANCIAL
INFORMATION
|
FINANCIAL
STATEMENT - DETAILED |
|
Based on the corporate laws of Vietnam, legal entities which are a Liaison/Representative
Office of an Overseas Company are not required to make public disclosure of
their annual financials. Therefore no financials are available for this
entity. |
FOREIGN
EXCHANGE RATES
|
Today's Exchange rate |
: |
|
ADDITIONAL
INFORMATION
|
Report Details |
|
|
|
||||||||||||||||||||||||||||||||||||||||||
Primary Products
|
Products / Materials
/ Services Description |
Activity |
|
Consulting |
Service |
|
Management consultancy |
Service |
|
SIC PRODUCT
CLASSIFICATION & ACTIVITY |
||||||
|
|
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY |
||||||
|
|
CORE BUSINESS
DESCRIPTION |
|
Core Business |
|
The primary business focus of HANOI REPRESENTATIVE OFFICE OF PACIFIC
BASIN PARTNERSHIP INC is Specialized professional services, including: Management consultancy
Consulting |
|
OFFICE &
FACILITIES |
|||||||||||||||
|
The following information relates to the Business Entity's office as
listed above: |
|||||||||||||||
|
NOTES
& COMMENTS
N/a
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.39 |
|
|
1 |
Rs.99.05 |
|
Euro |
1 |
Rs.73.19 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
ANK |
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.