MIRA INFORM REPORT

 

 

Report No. :

338100

Report Date :

03.09.2015

 

IDENTIFICATION DETAILS

 

Name :

HANOI TRADE CORP

 

 

Registered Office :

38-40 Le Thai To St, Hoan Kiem Dist, Hanoi

 

 

Country :

Vietnam

 

 

Financials (as on) :

2014

 

 

Date of Incorporation :

28.02.2014

 

 

Legal Form :

Corporation

 

 

Line of Business :

Manufacturer of consumer products.

 

 

No. of Employees :

8,300

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

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

COMPANY SUMMARY

 

Company Details

Organization Name

:

HANOI TRADE CORP (1)

Address

:

38-40 Le Thai To St, Hoan Kiem Dist, Hanoi

Country

:

Vietnam

Phone (S)

:

[+84] 4-39285929

Facsimile

:

[+84] 4-39288407

Email

:

info@haprogrouop.vn

Website

:

http://www.haprogroup.com

Primary Business Activity

:

Manufacturer

Key Industry

:

Consumer Products

 

 

 

Key Facts

Registered Legal Address

:

38-40 Le Thai To St, Hoan Kiem Dist, Hanoi

Operational Address

:

38-40 Le Thai To St, Hoan Kiem Dist, Hanoi

Trading Name

:

HAPRO

Name History

:

Business Entity Name

Effective Date

SOUTH HANOI PRODUCTION SERVICE & EXPORT - IMPORT CO, THE

8 Feb, 1993

HANOI TRADE CORP

15 Oct, 2004

Issuing Authority

:

DEPARTMENT OF PLANNING & INVESTMENT - Hanoi

License Number

:

0100101273

License Status

:

License exists - Normal.

Legal Form - Category

:

Government-owned Enterprise

Legal Form

:

Corporation

Legal Form - Abbreviation

:

CORP

Operational Status of Business

:

Normal

Date of Registration

:

28 Feb, 2014

Employees

:

8,300

Capital

:

US$ 107,151,176

PREVIOUS BUSINESS LICENSE/S

 

License Date

License No.

8 Feb, 1993

105814

11 Aug, 2004

125/2004/QD UBND

15 Oct, 2004

0106000347

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

:

Chairman

Name

:

Mr. Nguyen Huu Thang

Nationality

:

Vietnamese

 

 

COMPANY MANAGEMENT

Management Listings

 

Name

Nationality

Job Description

Dept. / Division

1

Ms. To Thanh Huyen

Vietnamese

Chief Accountant

-

2

Mr. Chu Xuan Kien

Vietnamese

Deputy Managing Director

-

3

Mr. Vu Thanh Son

Vietnamese

Managing Director

-

4

Mr. Truong Minh Thanh

Vietnamese

Deputy Managing Director

-

 

Management Details – 1

 

Personal Unique Identifier

:

MI02989360

Name

:

Ms. To Thanh Huyen

Date of Birth

:

1961

 

 

Management Details – 2

 

Personal Unique Identifier

:

MI02989352

Name

:

Mr. Chu Xuan Kien

Date of Birth

:

1964

 

 

Management Details – 3

 

Personal Unique Identifier

:

MI02286116

Name

:

Mr. Vu Thanh Son

Date of Birth

:

1964

 

Management Details – 4

 

Personal Unique Identifier

:

MI02989354

Name

:

Mr. Truong Minh Thanh

Date of Birth

:

1960

 

COMPANY DIRECTORS

1

 

 

Personal Unique Identifier

:

MI02989359

Name

:

Mr. Nguyen Huu Thang

Date of Birth

:

1957

2

 

 

Personal Unique Identifier

:

MI02286116

Name

:

Mr. Vu Thanh Son

Date of Birth

:

1964

 

 

NEGATIVE INFORMATION

 

REPUTATION

Reference checking for the purpose of establishing HANOI TRADE CORP'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

:

₫ 2,300,000,000,000

 

Date

Authorized Capital - History

8 Feb, 1993

554,000,000,000

2004

2,300,000,000,000

 

 

SHAREHOLDERS

Total number of shareholders

:

1

Total number of shares

:

n/a

 

Currency:VND - Vietnam Dong

 

No.

Shareholders

Country

Shares

Number

Amount (VND)

%

1

HANOI PEOPLE'S COMMITTEE

Vietnam

n/a

n/a

100.00

Total

n/a

n/a

100.00

 

 

 

OVERSEAS CUSTOMERS

Business Entity Name

Global Identifier

Country

ANGSTREM TRADING CO LTD

P2080682

Russia

 

 

PAYMENT INFORMATION

 

International Trade - Statistics  (Currency: USD - US Dollar)

 

Year

Imports

Exports

Total

2010

n/a

75,203,766

75,203,766

2011

n/a

80,298,781

80,298,781

2012

n/a

66,108,517

66,108,517

 

 

DOMESTIC SALES & PURCHASES

 

Annual Sales Analysis

Percentage

Domestic Sales

40%

International Sales (Export)

60%

 

 

Annual Purchases Analysis

Percentage

Local Purchases

30%

Imports

70%

 

 

PAYMENT TERMS

Selling

Type

Terms

Local

Cash on delivery (COD)

Credit - Unsecured 30~60 days

Export

Letter of Credit (At-sight)

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

 

Purchasing

Type

Terms

Local

Cash on delivery (COD)

Credit - Unsecured 30~60 days

Import

Letter of Credit (At-sight)

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

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

LOCAL BRANCHES & MANAGEMENT

 

Branch

:

HANOI TRADE CORP - HOAN KIEM DIST, HANOI

Branch Address

:

11B Trang Thi St, Hoan Kiem Dist, Hanoi

 

Branch

:

HANOI TRADE CORP - HOANG MAI DIST, HANOI

Branch Address

:

Den Lu, Hoang Mai Dist, Hanoi

 

Branch

:

HANOI TRADE CORP - DONG ANH, HANOI

Branch Address

:

Hai Boi, Dong Anh, Hanoi

 

Branch

:

HANOI TRADE CORP - HOAN KIEM, HANOI

Branch Address

:

38-40 Le Thai To, Hoan Kiem, Hanoi

 

Branch

:

HANOI TRADE CORP - BA DINH, HANOI

Branch Address

:

C4 Giang Vo, Ba Dinh, Hanoi

 

Branch

:

HANOI TRADE CORP - DONG ANH, HANOI

Branch Address

:

Group 47 Dong Anh Town, Dong Anh, Hanoi

 

 

RELATED PARTIES (Subsidiaries , Joint-ventures & Affiliates)

The following provides a summary of the number of businesses that are related to HANOI TRADE CORP:

 

TYPE

DOMESTIC

TOTAL

Subsidiaries

18

Joint-Ventures

-

Minority shareholdings

1

Affiliates

17

Liaison / Representative Offices

-

 

Domestic

Business Entity Name

:

ASIA EAST JSC

Global Identifier

:

P1936969

Country

:

Vietnam

Relationship

:

Affiliate

 

Business Entity Name

:

BAT TRANG CERAMIC JSC

Global Identifier

:

P1937074

Country

:

Vietnam

Relationship

:

Subsidiary

Operational Address

:

Hamlet 2 Bat Trang Village, Gia Lam, Hanoi

Primary Business Activity

:

Trader

Industry

:

Consumer Products

 

Business Entity Name

:

BOHEMIA CRYSTAL HANOI CO LTD

Global Identifier

:

P1936944

Country

:

Vietnam

Relationship

:

Affiliate

 

Business Entity Name

:

CHO BUOI JSC

Global Identifier

:

P1937091

Country

:

Vietnam

Relationship

:

Subsidiary

Operational Address

:

Cho Buoi Phuong Buoi, Tay Ho, Hanoi

Primary Business Activity

:

Trader

Industry

:

Consumer Products

 

Business Entity Name

:

HANOI BUILDING INVESTMENT & GLASS JSC

Global Identifier

:

P1937086

Country

:

Vietnam

Relationship

:

Subsidiary

Operational Address

:

25 Nguyen Huy Tuong, Thanh Xuan, Hanoi

Primary Business Activity

:

Trader

Industry

:

Consumer Products

 

Business Entity Name

:

HANOI BUILDING MATERIAL JSC

Global Identifier

:

P1937082

Country

:

Vietnam

Relationship

:

Subsidiary

Operational Address

:

249 Thuy Khue, Tay Ho, Hanoi

Primary Business Activity

:

Trader

Industry

:

Construction & Construction Materials

 

Business Entity Name

:

HANOI COMMERCIAL IMPORT EXPORT JSC

Global Identifier

:

P1936972

Country

:

Vietnam

Relationship

:

Affiliate

 

Business Entity Name

:

HANOI FOOD STATE OWN - MEMBER CO LTD

Global Identifier

:

P1937113

Country

:

Vietnam

Relationship

:

Subsidiary

Operational Address

:

24-26 Tran Nhat Duat, Hoan Kiem Dist, Hanoi

Primary Business Activity

:

Trader

Industry

:

Food Products

 

Business Entity Name

:

HANOI IMPORT EXPORT & INVESTMENT CORP

Global Identifier

:

P0769905

Country

:

Vietnam

Relationship

:

Subsidiary

Operational Address

:

201 Kham Thien, Tho Quang Ward, Dong Da, Hanoi

Primary Business Activity

:

Trader

Industry

:

Consumer Products

 

Business Entity Name

:

HANOI IMPORT-EXPORT DEVELOPMENT INVESTMENT JSC

Global Identifier

:

P1936974

Country

:

Vietnam

Relationship

:

Affiliate

 

Business Entity Name

:

HANOI INVESTMENT TRADING & SERVICES GENERAL JSC

Global Identifier

:

P1144739

Country

:

Vietnam

Relationship

:

Affiliate

Operational Address

:

12 Lane 84 Ngoc Khanh St Ngoc Khanh Ward, Ba Dinh, Hanoi

Primary Business Activity

:

Trader

Industry

:

Consumer Products

 

Business Entity Name

:

HANOI MANUFACTURING IMPORT EXPORT AGRICULTURAL PRODUCTS CO

Global Identifier

:

P1937103

Country

:

Vietnam

Relationship

:

Subsidiary

Operational Address

:

210 Nguyen Trai, Thanh Xuan, Hanoi

Primary Business Activity

:

Trader

Industry

:

Agricultural Products

 

Business Entity Name

:

HANOI MILK JSC

Global Identifier

:

P0170703

Country

:

Vietnam

Relationship

:

Affiliate

Operational Address

:

Quang Minh Industrial Zone Km 9 Bac Thang Long Noi Bai St, Hanoi

Primary Business Activity

:

Manufacturer

Industry

:

Food Products

 

Business Entity Name

:

HANOI OPTIC JSC

Global Identifier

:

P1936945

Country

:

Vietnam

Relationship

:

Affiliate

 

Business Entity Name

:

HANOI PLAZA LTD CO , THE

Global Identifier

:

P0197712

Country

:

Vietnam

Relationship

:

Minority shareholding

Operational Address

:

Hai Ba Trung Dist, Hanoi

Primary Business Activity

:

Service

Industry

:

Construction & Construction Materials

 

Business Entity Name

:

HANOI TRADE & INVESTMENT CO

Global Identifier

:

P1937101

Country

:

Vietnam

Relationship

:

Subsidiary

Operational Address

:

93 Cau Giay, Cau Giay Dist, Hanoi

Primary Business Activity

:

Trader

Industry

:

Consumer Products

 

Business Entity Name

:

HANOI TRADE CORP - HO CHI MINH CITY BRANCH

Global Identifier

:

P1060836

Country

:

Vietnam

Relationship

:

Subsidiary

Operational Address

:

77-79 Pho Duc Chinh St, District 1, Ho Chi Minh

Primary Business Activity

:

Manufacturer

Industry

:

Agricultural Products

 

Business Entity Name

:

HANOI TRADE DEVELOPMENT JSC

Global Identifier

:

P1936956

Country

:

Vietnam

Relationship

:

Affiliate

 

Business Entity Name

:

HANOI TRADING SERVICE FASHION CO

Global Identifier

:

P1937105

Country

:

Vietnam

Relationship

:

Subsidiary

Operational Address

:

13 Dinh Le, Hoan Kiem Dist, Hanoi

Primary Business Activity

:

Trader

Industry

:

Consumer Products

 

Business Entity Name

:

HAPRO DISTILLERY JSC

Global Identifier

:

P1937076

Country

:

Vietnam

Relationship

:

Subsidiary

Operational Address

:

Hapro Food Industrial Zone Le Chi, Gia Lam, Hanoi

Primary Business Activity

:

Trader

Industry

:

Beverages

 

Business Entity Name

:

HAPRO HERBAL WINE JSC

Global Identifier

:

P1936976

Country

:

Vietnam

Relationship

:

Affiliate

 

Business Entity Name

:

HAPRO PURE WATER JSC

Global Identifier

:

P1936954

Country

:

Vietnam

Relationship

:

Affiliate

 

Business Entity Name

:

HAPRO SERVICE JSC

Global Identifier

:

P1936961

Country

:

Vietnam

Relationship

:

Affiliate

 

Business Entity Name

:

HAPRO SUPPLY RATION OF INDUSTRY JSC

Global Identifier

:

P1936949

Country

:

Vietnam

Relationship

:

Affiliate

 

Business Entity Name

:

HAPRO TRAVEL JSC

Global Identifier

:

P1937098

Country

:

Vietnam

Relationship

:

Subsidiary

Operational Address

:

11B Trang Thi, Hoan Kiem Dist, Hanoi

Primary Business Activity

:

Service

Industry

:

Professional Services

 

Business Entity Name

:

IMPORT - EXPORT SOUTHERN HANOI JSC

Global Identifier

:

P1937090

Country

:

Vietnam

Relationship

:

Subsidiary

Operational Address

:

497 Dien Bien Phu, District 3, Ho Chi Minh

Primary Business Activity

:

Trader

Industry

:

Consumer Products

 

Business Entity Name

:

LIVE STOCK PRODUCTION & TRADING JSC

Global Identifier

:

P1937088

Country

:

Vietnam

Relationship

:

Subsidiary

Operational Address

:

6Fl Hapro Holding 11B Cat Linh, Dong Da, Hanoi

Primary Business Activity

:

Trader

Industry

:

Agricultural Products

 

Business Entity Name

:

LIXEHA JSC

Global Identifier

:

P1936947

Country

:

Vietnam

Relationship

:

Affiliate

 

Business Entity Name

:

LONG BIEN TRADE INVESTMENT JSC

Global Identifier

:

P1937093

Country

:

Vietnam

Relationship

:

Subsidiary

Operational Address

:

561 Nguyen Van Linh, Long Bien Dist, Hanoi

Primary Business Activity

:

Trader

Industry

:

Consumer Products

 

Business Entity Name

:

LONG SON JSC

Global Identifier

:

P1936967

Country

:

Vietnam

Relationship

:

Affiliate

Operational Address

:

Tan Binh Industrial Park Lot 3-23 A Rd 19/5A, Tan Phu Dist, Ho Chi Minh

Primary Business Activity

:

Manufacturer

Industry

:

Food Products

 

Business Entity Name

:

PHUONG NAM PUNA JSC

Global Identifier

:

P1937095

Country

:

Vietnam

Relationship

:

Subsidiary

Operational Address

:

352 Giai Phong,Phuong Liet, Thanh Xuan, Hanoi

Primary Business Activity

:

Service

Industry

:

Professional Services

 

Business Entity Name

:

THANG LONG WINE JSC

Global Identifier

:

P1936959

Country

:

Vietnam

Relationship

:

Affiliate

 

Business Entity Name

:

THUY TA JSC

Global Identifier

:

P1937084

Country

:

Vietnam

Relationship

:

Subsidiary

Operational Address

:

6 Le Thai To, Hoan Kiem, Hanoi

Primary Business Activity

:

Trader

Industry

:

Consumer Products

 

Business Entity Name

:

TRADITIONAL FOOD JSC

Global Identifier

:

P1936951

Country

:

Vietnam

Relationship

:

Affiliate

 

Business Entity Name

:

TRANG THI TRADE & SERVICE CO

Global Identifier

:

P1937107

Country

:

Vietnam

Relationship

:

Subsidiary

Operational Address

:

12-14 Trang Thi, Hoan Kiem Dist, Hanoi

Primary Business Activity

:

Trader

Industry

:

Consumer Products

 

Business Entity Name

:

VIET BAC CO LTD

Global Identifier

:

P0241775

Country

:

Vietnam

Relationship

:

Affiliate

Operational Address

:

189 Chua Boc, Dong Da, Hanoi

Primary Business Activity

:

Trader

Industry

:

Garments & Accessories

 

 

FINANCIAL INFORMATION

 

Financials - Summary  (Currency: USD - US Dollar)

 

Year

Turnover

Assets

Net Income

2012 Annual  

282,698,157

209,998,002

2,469,284

2013 Annual  

242,711,834

228,751,632

3,692,890

2014 Annual  

282,768,024

190,956,696

13,903,356

 

Sales Trend – Analysis

 

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

-

-

-

-

-

-

-

-

down_arrow_04

up_arrow_04

 

FINANCIALS - SUMMARY (Currency: USD - US Dollar)

Year

Turnover

Assets

Net Income

2010 Annual

125,339,610

77,743,509

334,069

2011 Annual

133,831,301

91,198,320

361,162

 

FINANCIAL STATEMENT - DETAILED

Type: Consolidated

Balance Sheet

Currency

:

VND

Denomination

:

1

Financial Year Ending

:

December

Financial Highlights

2012 Annual

2013 Annual

2014 Annual

Current Assets(*)

2,675,848,000,000

2,918,425,000,000

2,626,256,000,000

Non Current Assets(*)

1,697,289,000,000

1,905,510,000,000

1,411,256,000,000

Non Current Liabilities(*)

1,241,076,000,000

1,497,410,000,000

797,700,000,000

Other long term assets 

Total Assets(*)

4,373,137,000,000

4,823,935,000,000

4,037,512,000,000

Total Liabilities(*)

3,462,462,000,000

3,903,916,000,000

3,129,198,000,000

Current Liabilities(*)

2,221,386,000,000

2,406,506,000,000

2,331,498,000,000

 

Current assets & short term investments

2,675,848,000,000

2,918,425,000,000

2,626,256,000,000

Cash & cash equivalents

383,014,000,000

292,787,000,000

206,009,000,000

Cash

356,845,000,000

264,287,000,000

173,609,000,000

Cash equivalents

26,169,000,000

28,500,000,000

32,400,000,000

Short term investments

198,647,000,000

350,368,000,000

361,393,000,000

Short term securities investments

198,647,000,000

350,368,000,000

361,393,000,000

Accounts receivable

1,400,814,000,000

1,481,465,000,000

1,408,657,000,000

Accounts receivable trade

856,829,000,000

782,340,000,000

774,289,000,000

Trade prepayment

395,271,000,000

424,505,000,000

458,879,000,000

Others receivables

213,318,000,000

292,691,000,000

210,871,000,000

Provision for bad debts

(64,604,000,000)

(18,071,000,000)

(35,382,000,000)

I. Inventories

571,068,000,000

631,557,000,000

560,549,000,000

II. Inventories

571,752,000,000

631,557,000,000

560,549,000,000

Provision for decline in inventory

(684,000,000)

-

-

I. Other short term asset

122,305,000,000

162,248,000,000

89,648,000,000

Prepaid expenses

13,015,000,000

11,985,000,000

25,945,000,000

VAT deductible

62,584,000,000

85,284,000,000

22,343,000,000

Other tax receivables

10,081,000,000

32,417,000,000

11,906,000,000

II. Other short term asset

36,625,000,000

32,562,000,000

29,454,000,000

Long term assets

1,697,289,000,000

1,905,510,000,000

1,411,256,000,000

Accounts of long term receivable

5,090,000,000

5,614,000,000

5,295,000,000

Accounts long term receivable trade

3,711,000,000

2,623,000,000

2,623,000,000

Other long term receivables

6,869,000,000

6,978,000,000

6,752,000,000

Provision for long term receivable of bad debts

(5,490,000,000)

(3,987,000,000)

(4,080,000,000)

Fixed assets

964,651,000,000

1,081,484,000,000

767,504,000,000

Tangible fixed assets

335,065,000,000

684,416,000,000

637,763,000,000

I. Cost

609,590,000,000

974,389,000,000

1,030,478,000,000

I. Accumulated depreciation

274,525,000,000

289,973,000,000

392,715,000,000

Intangible fixed assets

6,323,000,000

15,630,000,000

34,447,000,000

II. Cost

10,911,000,000

20,113,000,000

40,825,000,000

II. Accumulated depreciation

4,588,000,000

4,483,000,000

6,378,000,000

Construction in progress

623,263,000,000

381,438,000,000

95,294,000,000

Investment immovable property

192,129,000,000

216,351,000,000

240,278,000,000

III. Cost

223,401,000,000

255,024,000,000

288,616,000,000

III. Accumulated depreciation

31,272,000,000

38,673,000,000

48,338,000,000

Long term investments

299,059,000,000

297,476,000,000

270,457,000,000

Invest to subsidiary company

36,720,000,000

36,950,000,000

38,096,000,000

Invest to joint venture company

204,901,000,000

202,088,000,000

184,687,000,000

Other long term investments

57,438,000,000

58,438,000,000

47,674,000,000

I. Other long term assets

236,360,000,000

304,585,000,000

127,722,000,000

Long term prepayments

236,338,000,000

304,493,000,000

127,607,000,000

II. Other long term assets

22,000,000

92,000,000

115,000,000

Total assets

4,373,137,000,000

4,823,935,000,000

4,037,512,000,000

Liabilities

3,462,462,000,000

3,903,916,000,000

3,129,198,000,000

Current liabilities

2,221,386,000,000

2,406,506,000,000

2,331,498,000,000

Short term borrowings

1,606,666,000,000

1,690,437,000,000

1,595,194,000,000

Accounts payables-trade

255,326,000,000

380,220,000,000

215,032,000,000

Advances from customers

42,909,000,000

26,468,000,000

53,431,000,000

Taxes and payable to state budget

21,969,000,000

45,646,000,000

85,346,000,000

Payable to employees

39,470,000,000

28,862,000,000

32,827,000,000

Accrued expenses payable

69,410,000,000

47,363,000,000

49,159,000,000

Other payables

151,520,000,000

131,179,000,000

235,565,000,000

Provision for short term payable

2,000,000,000

-

-

Bonus and welfare funds

32,116,000,000

56,331,000,000

64,944,000,000

Long term liabilities

1,241,076,000,000

1,497,410,000,000

797,700,000,000

Accounts long term payables-trade

40,586,000,000

-

-

Long term other payables

298,339,000,000

210,498,000,000

321,066,000,000

Long term borrowings

177,528,000,000

465,057,000,000

254,362,000,000

Provision funds for unemployment

15,000,000

-

-

Deffered revenue

724,608,000,000

821,855,000,000

222,272,000,000

Owner's equity

853,526,000,000

858,856,000,000

843,060,000,000

Business capital

611,685,000,000

611,083,000,000

667,702,000,000

Other owner's equity

81,620,000,000

81,620,000,000

2,304,000,000

Shares

(15,000,000)

(15,000,000)

(14,000,000)

Revaluation differences

-

-

50,699,000,000

Foreign exchange differences

2,000,000

-

-

Business development funds

40,242,000,000

67,296,000,000

108,413,000,000

Financial reserved funds

18,992,000,000

8,096,000,000

1,950,000,000

Other funds from owner's equity

-

-

27,000,000

Retained earnings

23,563,000,000

13,339,000,000

(8,204,000,000)

Capital investment sources

77,437,000,000

77,437,000,000

20,183,000,000

Minority Interest

57,149,000,000

61,163,000,000

65,254,000,000

Total resources

4,373,137,000,000

4,823,935,000,000

4,037,512,000,000

Note: (*)

Financial Highlights

 

Income Statement

Currency

:

VND

Denomination

:

1

Financial Year Ending

:

December

Financial Highlights

2012 Annual

2013 Annual

2014 Annual

Turnover(*)

5,887,093,000,000

5,118,329,000,000

5,978,734,000,000

Profit (Loss) Before Tax(*)

65,075,000,000

103,644,000,000

371,445,000,000

Profit After Tax attributable to Shareholders(*)

51,422,000,000

77,876,000,000

293,967,000,000

Gross sales

5,887,093,000,000

5,118,329,000,000

5,978,734,000,000

Less deductions

14,904,000,000

37,597,000,000

52,030,000,000

Net income

5,872,189,000,000

5,080,732,000,000

5,926,704,000,000

Cost of goods sold

5,223,211,000,000

4,459,747,000,000

4,817,295,000,000

Gross margin

648,978,000,000

620,985,000,000

1,109,409,000,000

Income from financial activities

156,259,000,000

146,507,000,000

189,985,000,000

Expenses from financial activities

170,255,000,000

155,667,000,000

305,175,000,000

In which: Interest expenses

161,633,000,000

148,652,000,000

294,263,000,000

Selling expenses

368,673,000,000

338,718,000,000

343,947,000,000

General & administration expenses

220,558,000,000

172,687,000,000

292,274,000,000

Net income from operating activities

45,751,000,000

100,420,000,000

357,998,000,000

Extraordinary income

33,942,000,000

24,009,000,000

37,178,000,000

Extraordinary expenses

14,618,000,000

20,785,000,000

23,731,000,000

Extraordinary gains

19,324,000,000

3,224,000,000

13,447,000,000

Net profit before tax

65,075,000,000

103,644,000,000

371,445,000,000

Income tax

13,653,000,000

25,768,000,000

77,478,000,000

Net profit after tax

51,422,000,000

77,876,000,000

293,967,000,000

Note: (*)

Financial Highlights

 

Financial Ratios

Financial Highlights

2012 Annual

2013 Annual

2014 Annual

Growth % 

Year-on-Year Growth

111.18

(13.06)

16.81

Profitability 

Profit Margin (%)

0.87

1.52

4.92

Return on Assets (%)

1.18

1.61

7.28

Asset Management 

Total Assets Turnover (Times)

1.35

1.06

1.48

Fixed Assets Turnover (Times)

3.47

2.69

4.24

Liquidity 

Current Ratio

1.20

1.21

1.13

 

Based on the corporate laws of Vietnam, legal entities which are a Government-owned Enterprise are not required to make public disclosure of their annual financials. Although basic financials were obtained for reference.

 

 

FOREIGN EXCHANGE RATES

 

Today's Exchange rate

:

1.00 VND
Vietnam Dong

=

0.000047 USD
United States Dollars

 

 

ADDITIONAL INFORMATION

 

Report Details

Country

:

Vietnam

Business Entity Name

:

HANOI TRADE CORP

Primary Business Activity

:

Manufacturer

Primary Industry

:

Consumer Products

Office Contact Details

Operating Address

:

38-40 Le Thai To St, Hoan Kiem Dist, Hanoi

Tel

:

[+84] 4-39285929

 

:

[+84] 4-38267984

Fax

:

[+84] 4-39288407

 

:

[+84] 4-38267983

Email

:

info@haprogrouop.vn
hap@fpt.vn
vanphong@haprogroup.com
hapro@haprogroup.vn

Factory Contact Details

Address

:

Le Chi Commune, Gia Lam, Hanoi

Website Details

Website

:

http://www.haprogroup.com

Status

:

Normal - operational

Country of Registration

:

Vietnam

Ownership Type

:

Registered ownership by Subject Business Entity

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

:

0100101273

Date of Issuance

:

16 May, 1998

 

 

Primary Products

Products / Materials / Services Description

Activity

Abattoirs

Manufacturing, Exporting

Agricultural products

Manufacturing, Exporting

Alcoholic beverages

Manufacturing, Exporting

Canned foods

Manufacturing, Exporting

Cashew nuts

Manufacturing, Exporting

 

SIC PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description

Code

Activity

Agricultural Production-Crops

0100

Manufacturing, Exporting

Brassieres and allied garments

2342

Manufacturing, Exporting

Canned specialties

2032

Manufacturing, Exporting

Ceramic articles, nspf

3269

Manufacturing, Exporting

Fluid milk and cream, and related products

2026

Manufacturing, Exporting

Food and Kindred Products

2000

Manufacturing, Exporting

Food products, nspf

2099

Manufacturing, Exporting

Gift, Novelty & Souvenir Shops

5947

Manufacturing, Exporting

Glass & Glazing Work

1793

Manufacturing, Exporting

Ice cream

2024

Manufacturing, Exporting

 

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description

Code

Activity

Beverages, spirits & vinegar

2200

Manufacturing, Exporting

Cashew nuts, fresh or dried, whether or not shelled or peeled

0801300000

Manufacturing, Exporting

Ceramic articles nesoi

6914900000

Manufacturing, Exporting

Ceramic products

6900

Manufacturing, Exporting

Food preparations

2106

Manufacturing, Exporting

Food preparations not elsewhere specified or included, canned

2106906592

Manufacturing, Exporting

Garments made up of felts or nonwovens nesoi, not knitted or crocheted

6210104020

Manufacturing, Exporting

Garments nesoi, knitted or crocheted

6114

Manufacturing, Exporting

Garments, knit etc, coated etc rubber, plastic etc

6113

Manufacturing, Exporting

Glass & glassware

7000

Manufacturing, Exporting

 

DETAILED PRODUCT CLASSIFICATION & ACTIVITY

Products / Materials / Services Description

Ranking

Activity

Ceramic ware

Primary

Manufacturing, Exporting

Crystal glasswares

Primary

Manufacturing, Exporting

Foodstuffs

Primary

Manufacturing, Exporting

Garments

Primary

Manufacturing, Exporting

Giftware products

Primary

Manufacturing, Exporting

Handbags

Primary

Manufacturing, Exporting

Handicrafts

Primary

Manufacturing, Exporting

Ice

Primary

Manufacturing, Exporting

Ice cream

Primary

Manufacturing, Exporting

Instant noodle

Primary

Manufacturing, Exporting

Packaging

Secondary

Service

 

CORE BUSINESS DESCRIPTION

 

Core Business

The primary business focus of HANOI TRADE CORP is Manufacturing - Finished products.

Key products include :

Abattoirs

Agricultural products

Canned foods

Cashew nuts

Ceramic ware

Crystal glasswares

Foodstuffs

Garments

Giftware products

Handbags

Handicrafts

Ice

Ice cream

Instant noodle

Milk

Processed food

Purified drinking water

Sausage

Vodka

Wines

Wood chip


An integral part of the core business includes:

Distribution

 

Supplementary Business

In addition to the core business, HANOI TRADE CORP also is engaged in the following areas of business:

Exporting

Exporting - Finished products

Importing

Importing - Raw materials

 

 

BANK DETAILS

 

Bank Name

:

JOINT STOCK COMMERCIAL BANK FOR FOREIGN TRADE OF VIETNAM

Global Identifier

:

P1072025

Branch

:

Hanoi

Branch Address

:

JOINT STOCK COMMERCIAL BANK FOR FOREIGN TRADE OF VIETNAM - HANOI

SWIFT Code

:

BFTVVNVX

 

Bank Name

:

JOINT STOCK COMMERCIAL BANK FOR INVESTMENT & DEVELOPMENT OF VIETNAM

Global Identifier

:

32400483

Branch

:

Hoan Kiem Dist,Hanoi

Branch Address

:

HA THANH

SWIFT Code

:

BIDVVNVX

 

Bank Name

:

JOINT STOCK COMMERCIAL BANK FOR INVESTMENT & DEVELOPMENT OF VIETNAM

Global Identifier

:

32400483

Branch

:

Hoan Kiem Dist,Hanoi

Branch Address

:

JOINT STOCK COMMERCIAL BANK FOR INVESTMENT AND DEVELOPMENT OF VIETNAM - HANOI

SWIFT Code

:

BIDVVNVX

 

Bank Name

:

TIEN PHONG COMMERCIAL JOINT STOCK BANK

Global Identifier

:

P1088722

Branch

:

Cau Giay Dist,Hanoi

Branch Address

:

FPT Bldg Section B2 Dich Vong Hau Ward Cau Giay Dist Hanoi (Head Office)

SWIFT Code

:

This bank does not have a SWIFT Code

 

Bank Name

:

VIETNAM JOINT STOCK COMMERCIAL BANK FOR INDUSTRY & TRADE

Global Identifier

:

32404058

Branch

:

Hoan Kiem Dist,Hanoi

Branch Address

:

VIETNAM JOINT STOCK COMMERCIAL BANK FOR INDUSTRY

SWIFT Code

:

ICBVVNVX

 

Bank Name

:

VIETNAM JOINT STOCK COMMERCIAL BANK FOR INDUSTRY & TRADE

Global Identifier

:

32404058

Branch

:

Hoan Kiem Dist,Hanoi

Branch Address

:

VIETNAM JOINT STOCK COMMERCIAL BANK FOR INDUSTRY AND TRADE - HANOI

SWIFT Code

:

ICBVVNVX

 

INTERNATIONAL TRADE - Activity & Markets

Country / Region

Estimated level of importance

Trading Activity

Asia / Pacific

Medium

Importing, Exporting

Europe

Medium

Importing, Exporting

North America

Medium

Importing, Exporting

Canada

Medium

Importing

China

Medium

Importing, Exporting

France

Medium

Importing

Germany

Medium

Importing

Indonesia

Medium

Importing

Japan

Medium

Importing, Exporting

Korea, South (Republic of Korea)

Medium

Importing

Russia

Medium

Exporting

Singapore

Medium

Importing

Taiwan

Medium

Importing

USA

Medium

Importing, Exporting

 

 

FACTORIES, SIZE, & LOCATIONS

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

Address

:

Le Chi Commune, Gia Lam, Hanoi

 

 

REAL ESTATE OWNERSHIP

The following property / ies are owned by HANOI TRADE CORP :

 

Property Name

:

HANOI TRADE CORP - HOAN KIEM DIST, HANOI

Type of Property

:

Office & Administration

Address

:

38-40 Le Thai To St, Hoan Kiem Dist, Hanoi

Office Size

:

5,000 Square meters

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.66.16

UK Pound

1

Rs.101.22

Euro

1

Rs.74.61

 

INFORMATION DETAILS

 

Analysis Done by :

KAS

 

 

Report Prepared by :

TRU

 

               

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.