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Report No. : |
338296 |
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Report Date : |
04.09.2015 |
IDENTIFICATION DETAILS
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Name : |
VINAFAME CO LTD |
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Registered Office : |
115 Nguyen Van Troi
Phuong Liet Ward, Thanh Xuan |
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Country : |
Vietnam |
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Date of Incorporation : |
02.03.2010 |
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Legal Form : |
Private Company
with Limited Liability |
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Line of Business : |
Subject is trader of construction & construction materials. |
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No. of Employee : |
5 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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
|
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 |
: |
VINAFAME
CO LTD |
|
Name
in Local Language |
|
CÔNG
TY TNHH VINA FAME |
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Address |
: |
Group
14 Yen Nghia Yen Nghia Ward, Ha Dong, Hanoi |
|
Country |
: |
Vietnam |
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Phone
(S) |
: |
[+84]
4-37822532 |
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Facsimile |
: |
[+84]
4-37822530 |
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Primary
Business Activity |
: |
Trader |
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Key
Industry |
: |
Construction
& Construction Materials |
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Key
Facts |
||||||
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Registered
Legal Address |
: |
115
Nguyen Van Troi Phuong Liet Ward, Thanh Xuan, Hanoi |
||||
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Operational
Address |
: |
Group
14 Yen Nghia Yen Nghia Ward, Ha Dong, Hanoi |
||||
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Trading
Name |
: |
VINAFAME |
||||
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Issuing
Authority |
: |
DEPARTMENT
OF PLANNING & INVESTMENT - Hanoi |
||||
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License
Number |
: |
0103003926 |
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License
Status |
: |
License
exists - Normal. |
||||
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Legal
Form - Category |
: |
Private
Company with Limited Liability |
||||
|
Legal
Form |
: |
Company
Limited |
||||
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Legal
Form - Abbreviation |
: |
CO
LTD |
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Operational
Status of Business |
: |
Normal |
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Date
of Registration |
: |
2
Jun, 2010 |
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Employees |
: |
5 |
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Capital |
: |
US$ 93,175 |
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PREVIOUS BUSINESS LICENSE/S |
: |
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Key
Person
|
Legal
Title |
: |
Managing
Director |
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Name |
: |
Mr.
Kien Van Nguyen |
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Local
Name |
: |
Kiên
Văn Nguyễn |
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Nationality |
: |
Vietnamese |
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COMPANY DIRECTORS |
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REPUTATION |
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Reference
checking for the purpose of establishing VINAFAME 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 |
5% |
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International
Sales (Export) |
95% |
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Annual
Purchases Analysis |
Percentage |
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Local
Purchases |
100% |
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PAYMENT
TERMS |
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Selling |
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Purchasing |
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N/a
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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. |
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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 |
: |
VINAFAME
CO LTD |
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Primary
Business Activity |
: |
Trader |
|
Primary
Industry |
: |
Construction
& Construction Materials |
|
Office
Contact Details |
||
|
Operating
Address |
: |
Group
14 Yen Nghia Yen Nghia Ward, Ha Dong, Hanoi |
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Tel |
: |
[+84]
4-37822532 |
|
|
: |
[+84]
4-37822531 |
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Fax |
: |
[+84]
4-37822530 |
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Tax /
VAT Details |
||
|
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 |
: |
010300926
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Primary
Products
|
Products
/ Materials / Services Description |
Activity |
|
Marble
|
Trading,
Exporting |
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Natural
stones |
Trading,
Exporting |
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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 VINAFAME CO LTD is Trading - Finished products. Marble Natural
stones |
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Supplementary
Business |
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In
addition to the core business, VINAFAME CO LTD also is engaged in the
following areas of business: Exporting Exporting
- 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 |
Exporting |
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Middle-East |
Medium |
Exporting |
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Bangladesh |
Medium |
Exporting |
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India |
Medium |
Exporting |
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Indonesia |
Medium |
Exporting |
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Iran |
Medium |
Exporting |
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Malaysia |
Medium |
Exporting |
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Saudi
Arabia |
Medium |
Exporting |
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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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N/a
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.23 |
|
|
1 |
Rs.101.22 |
|
Euro |
1 |
Rs.74.33 |
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 |
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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 |
|
<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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.