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Report No. : |
346883 |
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Report Date : |
31.10.2015 |
IDENTIFICATION DETAILS
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Name : |
HYOSUNG DONG NAI CO LTD |
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Registered Office : |
Nhon Trach |
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Country : |
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Date of Incorporation : |
10.04.2015 |
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Legal Form : |
Private Company with Limited Liability |
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Line of Business : |
Manufacturer of Textiles & Raw Material |
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No. of Employees : |
30 |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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- |
NB |
New Business |
- |
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Status : |
New Business |
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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
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 |
: |
HYOSUNG DONG NAI CO LTD (1) |
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Name in Local Language |
: |
CÔNG TY TNHH HYOSUNG ĐỒNG NAI |
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Address |
: |
Nhon Trach 5 Industrial Zone St N3 Hiep Phuoc
Commune, Nhon Trach Dist, Dong Nai |
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Country |
: |
Vietnam |
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Phone (S) |
: |
[+84] 61-3566000 |
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Facsimile |
: |
[+84] 61-3569448 |
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Primary Business Activity |
: |
Manufacturer |
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Key Industry |
: |
Textiles & Raw Material |
Key Facts |
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Registered Legal Address |
: |
Nhon Trach 5 Industrial Zone St N3 Hiep Phuoc
Commune, Nhon Trach Dist, Dong Nai |
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Operational Address |
: |
Nhon Trach 5 Industrial Zone St N3 Hiep Phuoc
Commune, Nhon Trach Dist, Dong Nai |
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License Status |
: |
License exists - Normal. |
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Issuing Authority |
: |
INDUSTRIAL ZONE AUTHORITY - Dong Nai |
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License Number |
: |
472043001215 |
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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 |
: |
Not yet fully operational. |
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Date of Registration |
: |
10 Apr, 2015 |
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Employees |
: |
30 |
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Capital |
: |
US$ 30,000,000 |
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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. |
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Key Person
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COMPANY DIRECTORS |
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NEGA-SCAN - ADVERSE DATA MONITORING |
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CAPITAL (Currency: USD - US Dollar) |
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SHAREHOLDERS |
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N/a
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DIRECT / INDIRECT CORPORATE PARENT DETAILS |
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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. |
N/a
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Report Details |
||
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Country |
: |
Vietnam |
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Business Entity Name |
: |
HYOSUNG DONG NAI CO LTD |
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Primary Business Activity |
: |
Manufacturer |
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Primary Industry |
: |
Textiles & Raw Material |
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Office Contact Details |
||
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Operating Address |
: |
Nhon Trach 5 Industrial Zone St N3 Hiep Phuoc
Commune, Nhon Trach Dist, Dong Nai |
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Tel |
: |
[+84] 61-3566000 |
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Fax |
: |
[+84] 61-3569448 |
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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 |
: |
3603277021 |
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Date of Issuance |
: |
13 Apr, 2015 |
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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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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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COMPANY HISTORY |
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N/a
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.22 |
|
UK Pound |
1 |
Rs.99.93 |
|
Euro |
1 |
Rs.71.67 |
INFORMATION DETAILS
|
Analysis Done by
: |
HNA |
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Report Prepared
by : |
TRU |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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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.