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Report No. : |
345963 |
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Report Date : |
24.10.2015 |
IDENTIFICATION DETAILS
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Name : |
FOOD & CHEMICALS CO LTD |
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Registered Office : |
106/10 Phan Van Tri St Ward 12, Binh Thanh, Ho Chi Minh |
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Country : |
Vietnam |
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Date of Incorporation : |
15.06.2010 |
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Legal Form : |
Company Limited |
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Line of Business : |
Importer of Chemicals. |
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No. of Employees : |
55 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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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 |
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Company Details |
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Organization Name |
: |
FOOD & CHEMICALS CO LTD |
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Name in Local Language |
: |
CÔNG TY TNHH HÓA CHẤT VÀ THỰC
PHẨM |
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Address |
: |
106/10 Phan Van Tri St Ward 12, Binh Thanh,
Ho Chi Minh |
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Country |
: |
Vietnam |
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Phone (S) |
: |
[+84] 8-62976680 |
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Facsimile |
: |
[+84] 8-62976682 |
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Primary Business Activity |
: |
Importer |
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Key Industry |
: |
Chemicals |
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Key Facts |
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Registered Legal Address |
: |
106/10 Phan Van Tri St Ward 12, Binh Thanh,
Ho Chi Minh |
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Operational Address |
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106/10 Phan Van Tri St Ward 12, Binh Thanh,
Ho Chi Minh |
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Trading Name / DBA |
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FC |
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License Status |
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License exists - Normal. |
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Issuing Authority |
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Dept. of Planning & Investment - Ho Chi
Minh |
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License Number |
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0302764114 |
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Legal Form - Category |
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Private Company with Limited Liability |
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Legal Form |
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Company Limited |
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Legal Form - Abbreviation |
: |
CO LTD |
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Operational Status of Business |
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Normal |
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Date of Registration |
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15 Jun, 2010 |
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Employees |
: |
55 |
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Capital |
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US$ 360,479 |
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PREVIOUS BUSINESS LICENSE/S |
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Key Person
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Legal Title |
: |
Managing Director |
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Name |
: |
Mr. Vu Quang Nguyen |
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Nationality |
: |
Vietnamese |
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COMPANY MANAGEMENT |
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Management Listings |
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Management Details - 1 |
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Management Details - 2 |
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Management Details - 3 |
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COMPANY DIRECTORS |
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REPUTATION |
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Reference checking for the purpose of
establishing FOOD & CHEMICALS CO LTD'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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DISHONORED CHECKS |
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No Record Found |
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DEBT |
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No Record Found |
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CIVIL LITIGATION |
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No Record Found |
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PERFORMANCE
DEFAULTS |
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No Record Found |
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ADVERSE LOCAL
MEDIA COVERAGE / ADVERSE FILING HISTORY |
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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 |
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Domestic Sales |
100% |
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Annual Purchases Analysis |
Percentage |
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Local Purchases |
5% |
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Imports |
95% |
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PAYMENT TERMS |
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Selling |
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Purchasing |
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GROUP STRUCTURE & AFFILIATED COMPANIES
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LOCAL BRANCHES & MANAGEMENT |
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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. |
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Today's Exchange
rate |
: |
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Report Details |
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Country |
: |
Vietnam |
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Business Entity Name |
: |
FOOD & CHEMICALS CO LTD |
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Primary Business Activity |
: |
Importer |
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Primary Industry |
: |
Chemicals |
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Office Contact Details |
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Operating Address |
: |
106/10 Phan Van Tri St Ward 12, Binh Thanh,
Ho Chi Minh |
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Tel |
: |
[+84] 8-62976680 |
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: |
[+84] 8-62976681 |
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Fax |
: |
[+84] 8-62976682 |
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Tax / VAT Details |
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Tax Issuing Authority |
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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 |
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0302764114 |
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Date of Issuance |
: |
13 Nov, 2002 |
Primary Products
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Products / Materials / Services Description |
Activity |
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Allied products |
Importing, Trading |
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Chemical products |
Importing, Trading |
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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 FOOD &
CHEMICALS CO LTD is Importing - Finished products. Allied products Chemical products |
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Supplementary Business |
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In addition to the core business, FOOD
& CHEMICALS CO LTD also is engaged in the following areas of business: Trading Trading - Finished products |
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BANK DETAILS |
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INTERNATIONAL TRADE - Activity &
Markets |
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Country / Region |
Estimated level of importance |
Trading Activity |
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Asia / Pacific |
Medium |
Importing |
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Europe |
Medium |
Importing |
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India |
Medium |
Importing |
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Japan |
Medium |
Importing |
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Malaysia |
Medium |
Importing |
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Netherlands |
Medium |
Importing |
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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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WAREHOUSING FACILITIES |
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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.99.89 |
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Euro |
1 |
Rs.72.06 |
INFORMATION DETAILS
|
Analysis Done by
: |
HEE |
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Report Prepared
by : |
NIT |
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.