MIRA INFORM REPORT

 

 

Report No. :

344578

Report Date :

16.10.2015

           

IDENTIFICATION DETAILS

 

Name :

BOP CO LTD

 

 

Registered Office :

426 Da Nang St Dong Hai 1 Ward, Hai An Dist, Hai Phong

 

 

Country :

Vietnam

 

 

Date of Incorporation :

28.09.2010

 

 

Legal Form :

Private Company with Limited Liability

 

 

Line of Business :

Subject is trader of Seafood & Fishing Industry

 

 

No. of Employee :

12

 

 

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

 

 

Payment Behaviour :

Slow but correct

 

 

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 World Trade 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 managed currency, 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 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.

 

Source : CIA

 

 

REGISTERED NAME & COMPANY SUMMARY

 

Organization Name

:

BOP CO LTD (1)

Name in Local Language

:

CÔNG TY TNHH BOP

Address

:

426 Da Nang St Dong Hai 1 Ward, Hai An Dist, Hai Phong

Country

:

Vietnam

Phone (S)

:

[+84] 31-6602988

Facsimile

:

[+84] 31-3260805

Email

:

habop@live.com

Website

:

n/a

Primary Business Activity

:

Trader

Key Industry

:

Seafood & Fishing Industry

 

Key Facts

Registered Legal Address

:

426 Da Nang St Dong Hai 1 Ward, Hai An Dist, Hai Phong

Operational Address

:

426 Da Nang St Dong Hai 1 Ward, Hai An Dist, Hai Phong

Trading Name / DBA

:

BOP

Issuing Authority

:

Dept. of Planning & Investment - Hai Phong

License Number

:

0201117576

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

:

28 Sep, 2010

Employees

:

12

Capital

:

US$ 948,403

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.

 

 

DIRECTORS/MANAGEMENT

 

KEY PERSON

 

Legal Title

:

Managing Director

Name

:

Mr. Nguyen Phuong Anh

Nationality

:

Vietnamese

 

COMPANY MANAGEMENT

Management Listings

 

Name

Nationality

Job Description

Dept. / Division

1

Ms. Thuy Duong

Vietnamese

Accountant

-

2

Mr. Vu Tien Viet

Vietnamese

Deputy Managing Director

-

 

Management Details - 1

Personal Unique Identifier

:

MI03911111

Name

:

Ms. Thuy Duong

Email

:

duongnguyenthithuy28091980@gmail.com

Management Details - 2

Personal Unique Identifier

:

MI03610884

Name

:

Mr. Vu Tien Viet

Date of Birth

:

1978

 

COMPANY DIRECTORS

1

 

 

Personal Unique Identifier

:

MI03610867

Name

:

Mr. Nguyen Phuong Anh

Date of Birth

:

1979

 

 

NEGATIVE INFORMATION

REPUTATION

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

 

NEGA-SCAN - ADVERSE DATA MONITORING

DISHONORED CHECKS

 

No Record Found

 

 

DEBT

 

No Record Found

 

 

CIVIL LITIGATION

 

No Record Found

 

 

PERFORMANCE DEFAULTS

 

No Record Found

 

 

ADVERSE LOCAL MEDIA COVERAGE / ADVERSE FILING HISTORY

No Record Found

 

 

SHARE & SHARE CAPITAL INFORMATION

 

CAPITAL (Currency: VND - Vietnam Dong)

Authorized Capital

:

₫ 20,000,000,000

 

SHAREHOLDERS

Total number of shareholders

:

3

Total number of shares

:

n/a

 

Currency

:

VND - Vietnam Dong

 

No.

Sharehol

ers

Country

Shares

Number

Amount (VND)

%

1

Mr. Nguyen Phuong Anh

Vietnam

n/a

n/a

90.00

2

Mr. Nguyen Van Hoai

Vietnam

n/a

n/a

5.00

3

Mr. Van Thi Mai

Vietnam

n/a

n/a

5.00

Total

n/a

n/a

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

 

DOMESTIC SALES & PURCHASES

Annual Sales Analysis

Percentage

Domestic Sales

0%

International Sales (Export)

100%

 

Annual Purchases Analysis

Percentage

Local Purchases

0%

Imports

100%

 

PAYMENT TERMS

Selling

Type

Terms

Export

Letter of Credit (At-sight)

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

 

Purchasing

Type

Terms

Import

Letter of Credit (At-sight)

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

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

N/a

 

 

FINANCIAL INFORMATION

 

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.

 

 

FOREIGN EXCHANGE RATES

 

Today's Exchange rate

:

1.00 VND
Vietnam Dong

=

0.000045 USD
United States Dollars

 

 

ADDITIONAL INFORMATION

 

Country

:

Vietnam

Business Entity Name

:

BOP CO LTD

Primary Business Activity

:

Trader

Primary Industry

:

Seafood & Fishing Industry

Office Contact Details

Operating Address

:

426 Da Nang St Dong Hai 1 Ward, Hai An Dist, Hai Phong

Tel

:

[+84] 31-6602988

Fax

:

[+84] 31-3260805

Email

:

habop@live.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

:

0201117576

Date of Issuance

:

28 Sep, 2010

 

SIC PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description

Code

Activity

Fish & Seafoods

5146

Trading

Fresh/Frozen Fish/Seafoods, NEC

2092

Trading

 

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description

Code

Activity

Fish fillets & other fish meat, fresh, chilled or frozen

0304

Trading

Shrimps and prawns, prepared nesoi, frozen

1605201030

Trading

 

CORE BUSINESS DESCRIPTION

Core Business

The primary business focus of BOP CO LTD is Trading - General products.

Key products include :

Seafood

Fish

Shrimp

 

Supplementary Business

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

Exporting

Exporting - Natural food items, Unprocessed (Meats, Produce or Seafood)

Importing

Importing - Natural food items, Unprocessed (Meats, Produce or Seafood)

 

BANK DETAILS

Bank Name

:

VIETNAM PROSPERITY JOINT STOCK COMMERCIAL BANK

Global Identifier

:

P1854843

Branch

:

Hoan Kiem Dist,Hanoi

Branch Address

:

VIETNAM PROSPERITY JOINT STOCK COMMERCIAL BANK - HAIPHONG

SWIFT Code

:

VPBKVNVX

 

Bank Name

:

VIETNAM TECHNOLOGICAL & COMMERCIAL JOINT STOCK BANK

Global Identifier

:

32408999

Branch

:

Hoan Kiem Dist,Hanoi

Branch Address

:

VIETNAM TECHNOLOGICAL

SWIFT Code

:

VTCBVNVX

 

INTERNATIONAL TRADE - Activity & Markets

Country / Region

Estimated level of importance

Trading Activity

Asia / Pacific

Medium

Importing, Exporting

South America

Medium

Importing

China

Medium

Importing, Exporting

Ecuador

Medium

Importing

Hong Kong

Medium

Importing

 

OFFICE & FACILITIES

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

Name

:

BOP CO LTD - HAI AN DIST, HAI PHONG

Primary Use

:

Office & Administration facilities

Address

:

426 Da Nang St Dong Hai 1 Ward, Hai An Dist, Hai Phong

Country

:

Vietnam

Status

:

Operational

 

PREVIOUS CONTACT DETAILS

Company Address

:

93 Lot 9 Ha Lung Dang Hai Ward, Hai An Dist, Hai Phong

Telephone Number

:

84-31-6287466

Fax Number

:

84-31-6287466

Date of Relocation

:

2015

 

 

NOTES & COMMENTS

 

N/a

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.64.82

UK Pound

1

Rs.100.41

Euro

1

Rs.74.50

 

INFORMATION DETAILS

 

Analysis Done by :

KIN

 

 

Report Prepared by :

ASH

 

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.