MIRA INFORM REPORT
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Report No. : |
345550 |
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Report Date : |
24.10.2015 |
IDENTIFICATION DETAILS
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Name : |
ANH DUC IMPORT EXPORT TRADING CO LTD |
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Registered Office : |
32/1A TTH 01 St Group 6 Quarter 4A Tan Thoi Hiep Ward, District 12, Ho Chi Minh |
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Country : |
Vietnam |
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Date of Incorporation : |
22.01.2010 |
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Legal Form : |
Company Limited |
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Line of Business : |
Trader of Plywood, timber & Wood Products |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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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 – March 31, 2015
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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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. 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.
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Source
: CIA |
REGISTERED
NAME & COMPANY SUMMARY
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Company Details |
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Organization Name |
: |
ANH DUC IMPORT EXPORT TRADING CO LTD |
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Name in Local Language |
: |
CÔNG TY TNHH THƯƠNG MẠI XUẤT NHẬP KHẨU
ANH ĐỨC |
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Address |
: |
32/1A TTH 01 St Group 6 Quarter 4A Tan Thoi Hiep Ward, District 12, Ho
Chi Minh |
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Country |
: |
Vietnam |
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Primary Business Activity |
: |
Trader |
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Key Industry |
: |
Plywood, Timber & Wood Products |
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Key Facts |
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Registered Legal Address |
: |
32/1A TTH 01 St Group 6 Quarter 4A Tan Thoi Hiep Ward, District 12, Ho
Chi Minh |
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Operational Address |
: |
32/1A TTH 01 St Group 6 Quarter 4A Tan Thoi Hiep Ward, District 12, Ho
Chi Minh |
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License Status |
: |
License exists - Normal. |
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Issuing Authority |
: |
Dept. of Planning & Investment - Ho Chi Minh |
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License Number |
: |
0309758945 |
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Legal Form - Category |
: |
Private Company with Limited Liability |
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Legal Form |
: |
Company Limited |
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Legal Form - Abbreviation |
: |
CO LTD |
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Operational Status of Business |
: |
It was NOT possible to confirm the operational status. (1) |
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Date of Registration |
: |
22 Jan, 2010 |
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Note |
: |
1) Due to the lack of SBE's operational
status, and circumstances involved, the information as listed below is only
historical / on-file data and as such it has not been possible to verify against
any current sources. |
DIRECTORS/MANAGEMENT
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Key Person
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COMPANY DIRECTORS |
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NEGATIVE
INFORMATION
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REPUTATION |
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Due to the lack of any third party references and the relatively small
size of the ANH DUC IMPORT EXPORT TRADING CO LTD, it was not possible to
establish any point of reference within the respective industry sector. |
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NEGA-SCAN - ADVERSE DATA MONITORING |
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SHARE
& SHARE CAPITAL INFORMATION
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Capital |
: |
US$ 2,252,993 |
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CAPITAL (Currency: VND - Vietnam Dong) |
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SHAREHOLDERS |
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PAYMENT
INFORMATION
N/a
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
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 |
: |
ANH DUC IMPORT EXPORT TRADING CO LTD |
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Primary Business Activity |
: |
Trader |
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Primary Industry |
: |
Plywood, Timber & Wood Products |
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Office Contact Details |
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Operating Address |
: |
32/1A TTH 01 St Group 6 Quarter 4A Tan Thoi Hiep Ward, District 12, Ho
Chi Minh |
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Mobile |
: |
[+84]-938362417 |
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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 |
: |
0309758945 |
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Date of Issuance |
: |
22 Jan, 2010 |
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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 ANH DUC IMPORT EXPORT TRADING CO LTD is
Trading - Finished products.
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BANK DETAILS |
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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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PREVIOUS CONTACT DETAILS |
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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.64.88 |
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|
1 |
Rs.99.88 |
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Euro |
1 |
Rs.72.06 |
INFORMATION DETAILS
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Analysis Done by
: |
TRI |
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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.