MIRA INFORM REPORT

 

 

Report No. :

339157

Report Date :

08.09.2015

 

IDENTIFICATION DETAILS

 

Name :

PETROLIMEX INTERNATIONAL TRADING JSC

 

 

Registered Office :

54-56 Bui Huu Nghia St Ward 5, District 5, Ho Chi Minh

 

 

Country :

Vietnam

 

 

Financials (as on) :

December, 2014

 

 

Date of Incorporation :

21.08.2010

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

Trader of Consumer Products.

 

 

No. of Employees :

225

 

 

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 :

Satisfactory

 

 

Payment Behaviour :

No Complaints

 

 

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

 

REGISTERED NAME & COMPANY SUMMARY

 

Organization Name

:

PETROLIMEX INTERNATIONAL TRADING JSC (1)

Name in Local Language

:

CÔNG TY CỔ PHẦN XUẤT NHẬP KHẨU PETROLIMEX

Address

:

54-56 Bui Huu Nghia St Ward 5, District 5, Ho Chi Minh

Country

:

Vietnam

Phone (S)

:

[+84] 8-38383400

Facsimile

:

[+84] 8-38383500

Email

:

pitco@pitco.com.vn

Website

:

http://www.pitco.com.vn

Primary Business Activity

:

Trader

Key Industry

:

Consumer Products

 

Registered Legal Address

:

54-56 Bui Huu Nghia St Ward 5, District 5, Ho Chi Minh

Operational Address

:

54-56 Bui Huu Nghia St Ward 5, District 5, Ho Chi Minh

Trading Name / DBA

:

PITCO

Name History

 

Business Entity Name

Effective Date

PETROLIMEX INTERNATIONAL TRADING CO

5 Aug, 1999

PETROLIMEX INTERNATIONAL TRADING JSC

1 Oct, 2004

License Status

 

License exists - Normal.

Issuing Authority

:

Dept. of Planning & Investment - Ho Chi Minh

License Number

:

0301776741

Legal Form - Category

:

Public Listed Company

Legal Form

:

Joint Stock Company

Legal Form - Abbreviation

:

JSC

Operational Status of Business

:

Normal

Date of Registration

:

21 Aug, 2010

Employees

:

225

Capital

 

US$ 6,855,940

PREVIOUS BUSINESS LICENSE/S

 

License Date

License No.

5 Aug, 1999

103419

1 Oct, 2004

4103002720

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 Quang Dung

Nationality

:

Vietnamese

 

 

COMPANY MANAGEMENT

Management Listings

 

Name

Nationality

Job Description

Dept. / Division

1

Mr. Vu Van Cung

Vietnamese

Deputy Managing Director

-

2

Ms. Le Thuy Dao

Vietnamese

Chief Accountant

-

3

Mr. Tran Xuan Lai

Vietnamese

Deputy Managing Director

-

4

Mr. Ha Huy Thang

Vietnamese

Managing Director

-

 

 

Management Details - 1

Personal Unique Identifier

:

MI01939007

Name

:

Mr. Vu Van Cung

Date of Birth

:

1963

 

Management Details - 2

Personal Unique Identifier

:

MI03177991

Name

:

Ms. Le Thuy Dao

Name in local language

:

Lê Thúy Đào

Date of Birth

:

1968

 

Management Details - 3

Personal Unique Identifier

:

MI03177986

Name

:

Mr. Tran Xuan Lai

Date of Birth

:

1956

 

Management Details - 4

Personal Unique Identifier

:

MI01939009

Name

:

Mr. Ha Huy Thang

Name in local language

:

Hà Huy Thắng

Date of Birth

:

1975

 

 

COMPANY DIRECTORS

1

 

 

Personal Unique Identifier

:

MI01939009

Name

:

Mr. Ha Huy Thang

Name in local language

:

Hà Huy Thắng

Date of Birth

:

1975

 

2

 

 

Personal Unique Identifier

:

MI03796325

Name

:

Mr. Nguyen Quang Dung

Date of Birth

:

1972

 

 

NEGATIVE INFORMATION

 

REPUTATION

Reference checking for the purpose of establishing PETROLIMEX INTERNATIONAL TRADING JSC'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

:

₫ 151,993,450,000

Paid-up Capital

:

₫ 151,993,450,000

 

Date

Authorized Capital - History

5 Aug, 1999

118,103,210,000

2011

123,765,030,000

27 Aug, 2012

128,314,550,000

Sep, 2014

151,993,450,000

 

Date

Paid-up Capital - History

5 Aug, 1999

97,704,790,066

2011

123,765,000,000

27 Aug, 2012

128,315,000,000

Sep, 2014

151,993,450,000

 

 

SHAREHOLDERS

 

Total number of shareholders

:

Public shareholding traded via Stock Exchange

Total number of shares

:

n/a

 

Currency

:

VND - Vietnam Dong

 

No.

Shareholders

Country

Shares

Number

Amount (VND)

%

1

Public shareholding traded via Stock Exchange

n/a

n/a

80,556,528,500

53.00

2

VIETNAM NATIONAL PETROLEUM CORP

Vietnam

n/a

72,972,055,345

47.00

Total

n/a

153,528,583,845

100.00

 

 

PAYMENT INFORMATION

 

DOMESTIC SALES & PURCHASES

Annual Sales Analysis

Percentage

Domestic Sales

35%

International Sales (Export)

65%

 

Annual Purchases Analysis

Percentage

Local Purchases

90%

Imports

10%

 

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

:

PETROLIMEX INTERNATIONAL TRADING JSC - THU DUC, HO CHI MINH

Branch Address

:

27 Truong Son St Linh Xuan Ward, Thu Duc, Ho Chi Minh

Primary use of location

:

#1. Branch Office ONLY

 

Branch

:

PETROLIMEX INTERNATIONAL TRADING JSC - BINH TAN DIST, HO CHI MINH

Branch Address

:

354 Highway 1A Binh Hung Hoa B Ward, Binh Tan Dist, Ho Chi Minh

Primary use of location

:

#1. Branch Office ONLY

 

Branch

:

PETROLIMEX INTERNATIONAL TRADING JSC - TAN UYEN, BINH DUONG

Branch Address

:

Hamlet 3 Hoi Nghia Commune, Tan Uyen, Binh Duong

Branch Tel

:

84-650-3648287

Branch Fax

:

84-650-3648288

 

 

RELATED PARTIES (Subsidiaries , Joint-ventures & Affiliates)

 

 

 

The following provides a summary of the number of busines

 

ses that are related to PETROLIMEX INTERNATIONAL TRADING JSC:

 

 

 

TYPE

 

 

DOMESTIC

 

 

 

 

 

TOTAL

 

 

 

Subsidiaries

 

 

2

 

 

 

Joint-Ventures

 

 

-

 

 

 

Minority shareholdings

 

 

-

 

 

 

Affiliates

 

 

-

 

 

 

Liaison / Representative Offices-

 

Domestic

Business Entity Name

:

HANOI PETROLIMEX INTERNATIONAL TRADING CO LTD

Global Identifier

:

P1856319

Country

:

Vietnam

Relationship

:

Subsidiary

Operational Address

:

1 Thanh Cong St Thanh Cong Ward, Ba Dinh, Hanoi

Primary Business Activity

:

Trader

Industry

:

Agricultural Products

 

Business Entity Name

:

PETROLIMEX PAINTS CO LTD

Global Identifier

:

P1296169

Country

:

Vietnam

Relationship

:

Subsidiary

Operational Address

:

Rm 908, 9Fl Centre Point Tower 106 Nguyen Van Troi St Ward 8, Phu Nhuan, Ho Chi Minh

Primary Business Activity

:

Manufacturer

Industry

:

Chemicals

 

 

ASSOCIATIONS

PETROLIMEX INTERNATIONAL TRADING JSC are members of the following associations:

 

Domestic Associations

Association Name

VIETNAM CHAMBER OF COMMERCE & INDUSTRY - VCCI

VIETNAM NATURAL RUBBER ASSOCIATION - VNRA

VIETNAM PEPPER ASSOCIATION - VPA

VIETNAM STEEL CORP - VSC

 

Global Associations

Association Name

AMERICAN SPICE TRADE ASSOCIATION - ASTA

 

 

FINANCIAL INFORMATION

 

Financials - Summary  (Currency: USD - US Dollar)

Year

Turnover

Assets

Net Income

2012 Annual  

95,372,463

26,796,046

1,228

2013 Annual  

112,091,192

31,026,403

-835,875

2014 Annual  

180,612,382

30,431,632

639,027

 

Sales Trend – Analysis

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

-

-

-

-

-

-

-

-

http://www.asiancredit.com/Manage/image/up_arrow_04.gif

http://www.asiancredit.com/Manage/image/up_arrow_04.gif

 

Missing Financials

Reasons

2015, 2nd Qtr

Financials not yet released.

 

FINANCIALS - SUMMARY (Currency: USD - US Dollar)

Year

Turnover

Assets

Net Income

2006 Annual

65,002,631

13,354,843

1,140,834

2010 Annual

108,636,788

21,970,344

831,452

2011 Annual

135,198,512

20,401,488

308,641

 

 

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(*)

430,721,842,108

524,015,560,688

519,490,033,116

Non Current Assets(*)

127,296,711,887

130,272,017,628

123,944,230,867

Non Current Liabilities(*)

32,120,000,000

26,280,000,000

-

Share Capital(*)

128,314,550,000

128,314,550,000

151,993,450,000

Other long term assets 

Total Assets(*)

558,018,553,995

654,287,578,316

643,434,263,983

Total Liabilities(*)

353,607,987,004

471,630,814,606

449,542,844,805

Current Liabilities(*)

321,487,987,004

445,350,814,606

449,542,844,805

Long term liabilities 

Shareholders Funds(*)

204,410,566,991

182,656,763,710

193,891,419,178

 

Current assets

430,721,842,108

524,015,560,688

519,490,033,116

Cash and cash equivalents

76,668,931,697

168,074,018,889

65,937,429,214

Cash

8,806,931,697

54,057,610,652

41,566,327,749

Cash equivalents

67,862,000,000

114,016,408,237

24,371,101,465

I. Short-term investments

7,735,000,000

130,000,000

130,000,000

II. Short-term investments

8,015,000,000

410,000,000

410,000,000

Short-term securities investments

1,015,000,000

410,000,000

410,000,000

Other short-term investments

7,000,000,000

-

-

Provision for diminution in value of short-term investments

(280,000,000)

(280,000,000)

(280,000,000)

Short term receivables

158,766,831,384

139,344,022,162

123,549,556,243

Trade accounts receivable

87,663,399,165

107,179,339,000

97,922,950,227

Prepayments to suppliers

63,519,854,954

31,523,843,492

25,492,860,635

Other short-term receivables

9,178,327,407

4,002,961,633

3,859,585,355

Other receivables

9,178,327,407

4,002,961,633

3,859,585,355

Provision for doubtful short-term debts

(1,594,750,142)

(3,362,121,963)

(3,725,839,974)

Inventory

148,055,011,725

156,860,449,798

261,969,901,171

Goods in transit

-

-

11,488,603,129

Raw materials

6,251,787,110

10,162,992,826

14,792,562,736

Tools

15,719,716

79,173,041

203,065,008

Work-in-progress

634,964,089

809,069,697

1,673,342,198

Finished goods

11,792,731,541

17,230,425,214

19,859,240,240

Merchandise

128,049,354,049

118,023,833,800

209,786,607,640

Goods on consignment

-

9,244,500,000

3,212,025,000

Properties classified as goods

1,310,455,220

1,310,455,220

1,310,455,220

Provision for decline in value of inventories

-

-

(356,000,000)

I. Other current assets

39,496,067,302

59,607,069,839

67,903,146,488

Short-term prepaid expenses

1,261,254,934

895,513,566

1,137,008,818

VAT to be deductible

26,850,200,506

47,935,611,092

50,297,652,421

Taxes and other receivables from the State

-

4,480,053,439

5,382,318,232

II. Other current assets

11,384,611,862

6,295,891,742

11,086,167,017

Non current assets

127,296,711,887

130,272,017,628

123,944,230,867

Fixed assets

115,603,655,334

115,521,860,138

109,554,703,263

Tangible fixed assets

95,795,881,876

104,653,988,414

98,966,858,887

Historical price

122,777,871,408

138,604,465,916

141,222,418,300

I. Beginning balance

118,255,532,149

122,777,871,408

138,604,465,916

I. Ending balance

122,777,871,408

138,604,465,916

141,222,418,300

Accumulated depreciation

(26,981,989,532)

(33,950,477,502)

(42,255,559,413)

II. Beginning balance

19,861,968,636

26,981,989,532

33,950,477,502

II. Ending balance

26,981,989,532

33,950,477,502

42,255,559,413

Intangible fixed assets

10,667,774,871

10,853,011,597

10,587,844,376

Cost

11,572,522,002

12,051,808,002

11,701,641,229

III. Beginning balance

11,572,522,002

11,572,522,002

12,051,808,002

III. Ending balance

11,572,522,002

12,051,808,002

11,701,641,229

Accumulated amortisation

(904,747,131)

(1,198,796,405)

(1,113,796,853)

IV. Ending balance

904,747,131

1,198,796,405

1,113,796,853

Construction in progress

9,139,998,587

14,860,127

-

Long-term investments

9,919,922,558

10,524,922,558

10,524,922,558

Other long-term investments

9,919,922,558

10,524,922,558

10,524,922,558

I. Other long-term assets

1,773,133,995

4,225,234,932

3,864,605,046

Long-term prepayments

1,466,718,555

4,193,234,932

3,724,826,617

Deferred income tax assets

-

-

37,778,429

II. Other long-term assets

306,415,440

32,000,000

102,000,000

Total Assets

558,018,553,995

654,287,578,316

643,434,263,983

Liabilities

353,607,987,004

471,630,814,606

449,542,844,805

Current liabilities

321,487,987,004

445,350,814,606

449,542,844,805

Short-term debts and borrowings

237,696,153,951

361,346,006,212

340,380,352,067

Short-term debt

234,096,153,951

355,506,006,212

340,380,352,067

Current portion of long term loans

3,600,000,000

5,840,000,000

-

Trade accounts payable

62,414,671,981

71,973,275,296

87,340,464,766

Advances from customers

12,021,474,289

5,583,933,327

11,492,565,671

Taxes and other payables to the State Budget

1,368,150,835

1,012,271,515

438,797,184

VAT

171,269,185

-

286,472,588

Import - Export duties

855,989,557

273,624,264

29,419,842

Business income tax

239,908,197

594,458,954

-

Personal income tax

100,983,896

144,188,297

122,904,754

Payable to employees

406,387,468

657,182,383

650,320,721

Accrued expenses

502,816,953

907,919,743

767,100,029

I. Other payables

6,400,752,047

3,435,432,650

8,294,308,887

Union trade fees

248,111,016

214,096,581

180,154,409

Payables for equitilization

534,111,450

-

-

Deposits, collaterals

-

-

1,000,000,000

II. Other payables

5,618,529,581

3,221,336,069

7,114,154,478

Bonus and welfare fund

677,579,480

434,793,480

178,935,480

Long-term liabilities

32,120,000,000

26,280,000,000

-

Long-term debt

32,120,000,000

26,280,000,000

-

Loans from banks

-

26,280,000,000

-

Loans from others

32,120,000,000

-

-

Shareholders' equity

204,410,566,991

182,656,763,710

193,891,419,178

Capital and reserves

204,410,566,991

182,656,763,710

193,891,419,178

Chartered capital

128,314,550,000

128,314,550,000

151,993,450,000

Share premium

79,313,588,169

79,313,588,169

55,634,688,169

Treasury stocks

(12,425,734,109)

(12,425,734,109)

(12,425,734,109)

Investment and development fund

180,315,826

180,315,826

180,315,826

Financial reserve fund

8,346,611,778

8,346,611,778

8,346,611,778

Retained earnings

681,235,327

(21,072,567,954)

(9,837,912,486)

Total liabilities and shareholders' equity

558,018,553,995

654,287,578,316

643,434,263,983

Note: (*)

Financial Highlights

 

Income Statement

Currency

:

VND

Denomination

:

1

Financial Year Ending

:

December

Financial Highlights

2012 Annual

2013 Annual

2014 Annual

Turnover(*)

1,986,099,114,030

2,363,789,146,700

3,818,795,959,110

Profit (Loss) Before Tax(*)

329,994,895

(16,512,792,292)

14,103,099,085

Profit After Tax attributable to Shareholders(*)

25,569,923

(17,627,000,000)

13,511,338,918

 

Revenues

1,986,099,114,030

2,363,789,146,700

3,818,795,959,110

Sales

1,986,099,114,030

2,363,789,146,700

3,818,795,959,110

Deductions

(37,954,451,991)

(45,290,034,496)

(27,515,383,967)

Trade discount

-

45,290,034,496

27,515,383,967

Sales discount

37,954,451,991

-

-

Net sales

1,948,144,662,039

2,318,499,112,204

3,791,280,575,143

Cost of goods sold

(1,872,729,577,668)

(2,234,899,073,631)

(3,629,049,356,718)

Cost of merchandise

1,872,729,577,668

2,234,899,073,631

3,629,049,356,718

Gross profit

75,415,084,371

83,600,038,573

162,231,218,425

Financial income

11,613,736,894

9,616,435,624

9,677,454,476

Interest incomes from depsosits and loans

5,922,375,522

4,447,511,088

2,159,265,617

Dividend received

705,220,500

583,431,607

422,884,298

Realized gains from foreign exchange dealing

3,979,341,343

4,575,060,454

7,036,927,765

Unrealized foreign exchange gains

191,267,739

-

9,841,874

Intrest on loans from installment sales

815,531,790

-

48,534,922

Other financial incomes

-

10,432,475

-

Financial expenses

(20,190,773,771)

(26,420,655,536)

(31,466,648,926)

Sales discount, gain from installment sales

-

-

288,808,532

Realized foreign exchange losses

3,669,447,304

6,138,735,636

9,608,436,780

Unrealized foreign exchange losses

-

957,669,338

1,548,501,984

Provision for diminution in value of investments

(6,627,902,558)

-

-

Other financial expenses

194,233,575

953,361,811

24,691,485

Interest expenses

22,954,995,450

18,370,888,751

19,996,210,145

Selling expense

(33,503,997,882)

(48,617,076,284)

(90,043,729,276)

Administrative expense

(32,651,064,116)

(35,226,914,446)

(35,999,926,276)

Operating income

682,985,496

(17,048,172,069)

14,398,368,423

I. Other incomes

868,136,581

699,818,086

213,252,148

Other expenses

(1,221,127,182)

(164,438,309)

(508,521,486)

II. Other incomes

(352,990,601)

535,379,777

(295,269,338)

Profit before tax

329,994,895

(16,512,792,292)

14,103,099,085

Business income tax - current

(304,424,972)

(1,114,045,564)

(629,538,596)

Business income tax - deferred

-

-

37,778,429

Net Income

25,569,923

(17,626,837,856)

13,511,338,918

Profit after tax of shareholders of parent company

25,569,923

(17,626,837,856)

13,511,338,918

Earnings per share

2

(1,488)

1,064

Note: (*)

Financial Highlights

 

Financial Ratios

Financial Highlights

2012 Annual

2013 Annual

2014 Annual

Growth % 

Year-on-Year Growth

(29.48)

19.02

61.55

Profitability 

Profit Margin (%)

0.00

(0.75)

0.35

Return on Equity (%)

0.01

(9.65)

6.97

Return on Assets (%)

0.00

(2.69)

2.10

Leverage 

Total Debt Equity (Times)

1.73

2.58

2.32

Current Debt Equity (Times)

1.57

2.44

2.32

Long Term Debt to Equity

0.16

0.14

-

Total Asset To Total Equity

2.73

3.58

3.32

Asset Management 

Total Assets Turnover (Times)

3.56

3.61

5.94

Fixed Assets Turnover (Times)

15.60

18.15

30.81

Liquidity 

Current Ratio

1.34

1.18

1.16

 

 

FOREIGN EXCHANGE RATES

 

Today's Exchange rate

:

1.00 VND
Vietnam Dong

=

0.000045 USD
United States Dollars

 

 

ADDITIONAL INFORMATION

 

Country

:

Vietnam

Business Entity Name

:

PETROLIMEX INTERNATIONAL TRADING JSC

Primary Business Activity

:

Trader

Primary Industry

:

Consumer Products

 

Office Contact Details

Operating Address

:

54-56 Bui Huu Nghia St Ward 5, District 5, Ho Chi Minh

Tel

:

[+84] 8-38383400

Fax

:

[+84] 8-38383500

Email

:

pitco@pitco.com.vn

 

Website Details

Website

:

http://www.pitco.com.vn

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

:

0301776741

Date of Issuance

:

30 Aug, 1999

 

Primary Products

Products / Materials / Services Description

Activity

Agricultural products

Trading, Exporting

Antimony

Trading, Exporting

Coffee

Trading, Exporting

Diesel

Trading

Fuel oil

Trading

 

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

Year

Imports

Exports

Total

2012

n/a

60,084,648

60,084,648

2013

n/a

72,859,270

72,859,270

2014

n/a

117,398,048

117,398,048

 

 

SIC PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description

Code

Activity

Agricultural Production-Crops

0100

Trading, Exporting

Chemical preparations, nspf

2899

Trading, Exporting

Fabricated rubber products, nspf

3069

Trading, Exporting

Groceries/Related Prdts, NEC

5149

Trading

Manufactured articles, nspf

3999

Trading

Petroleum Gas Products

4925

Trading

Plastics materials and resins

2821

Importing, Trading

Roasted coffee

2095

Trading, Exporting

Steel Foundries, NEC

3325

Importing, Trading

 

 

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description

Code

Activity

Antimony and articles thereof incl waste and scrap

8110

Trading, Exporting

Articles of iron or steel

7300

Importing, Trading

Coffee, tea, mate & spices

0900

Trading, Exporting

Miscellaneous manufactured articles

9600

Trading

Oil (not crude) from petrol & bitum mineral etc,

2710

Trading

Pepper, genus piper; genus capsicum or pimenta

0904

Trading, Exporting

Plastics & articles thereof

3900

Importing, Trading

Rubbers & articles thereof

4000

Trading, Exporting

Tin & articles thereof

8000

Trading, Exporting

 

DETAILED PRODUCT CLASSIFICATION & ACTIVITY

Products / Materials / Services Description

Ranking

Activity

Gasoline

Primary

Trading

Grocery products

Primary

Trading, Exporting

Hot rolled steel coils

Primary

Importing, Trading

Iron

Primary

Trading

Natural rubber

Primary

Trading, Exporting

Pepper

Primary

Trading, Exporting

Petrol

Primary

Trading

Petroleum products

Primary

Trading

Plastic materials

Primary

Trading

Plastic resins

Primary

Importing, Trading

 

CORE BUSINESS DESCRIPTION

Core Business

The primary business focus of PETROLIMEX INTERNATIONAL TRADING JSC is Trading - Finished products.

Key products include :

Agricultural products

Antimony

Coffee

Diesel

Fuel oil

Gasoline

Grocery products

Hot rolled steel coils

Iron

Natural rubber

Pepper

Petrol

Petroleum products

Plastic materials

Plastic resins

Steel

Tin

 

Supplementary Business

In addition to the core business, PETROLIMEX INTERNATIONAL TRADING JSC also is engaged in the following areas of business:

Exporting

Exporting - Finished products

Importing

Importing - Finished products

 

STOCK EXCHANGE LISTING DETAILS

Country

:

Vietnam

Name of Stock Exchange

:

Name

Acronym

HOCHIMINH STOCK EXCHANGE

HOSE

Stock Symbol / No.

:

PIT

Date of listing

:

9 Jan, 2008

 

BANK DETAILS

Bank Name

:

JOINT STOCK COMMERCIAL BANK FOR FOREIGN TRADE OF VIETNAM

Global Identifier

:

32400479

Branch

:

Hoan Kiem,Hanoi

Branch Address

:

Ho Chi Minh

SWIFT Code

:

BFTVVNVX

 

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 - HO CHI MINH

SWIFT Code

:

ICBVVNVX

 

INTERNATIONAL TRADE - Statistics (Currency: USD - US Dollar)

Year

Imports

Exports

Total

2010

n/a

68,441,177

68,441,177

2011

n/a

85,175,062

85,175,062

 

INTERNATIONAL TRADE - Activity & Markets

Country / Region

Estimated level of importance

Trading Activity

Asia / Pacific

Medium

Importing

Europe

Medium

Exporting

Middle-East

Medium

Importing

North America

Medium

Exporting

China

Medium

Exporting

Malaysia

Medium

Importing

Russia

Medium

Exporting

Singapore

Medium

Importing

Thailand

Medium

Importing

USA

Medium

Exporting

 

OFFICE & FACILITIES

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

Name

:

PETROLIMEX INTERNATIONAL TRADING JSC - DISTRICT 5, HO CHI MINH

Primary Use

:

Office & Administration facilities

Address

:

54-56 Bui Huu Nghia St Ward 5, District 5, Ho Chi Minh

Country

:

Vietnam

Status

:

Operational

 

COMPANY HISTORY

Date

Details

2004 - Oct

Changed its legal form from Government Enterprise to Joint Stock Company.

 

 

AWARDS

 

#

Award Name

Awarded by

Awarded Date

1

2006 Business Excellence Awards

NATIONAL COMMITTEE FOR INTERNATIONAL ECONOMIC COOPERATION

2006

2

Golden Cup and ASEAN Typical Businessman 2007

MINISTRY OF AGRICULTURE AND RURAL DEVELOPMENT

2007

3

Top Trade Services 2007

MINISTRY OF AGRICULTURE AND RURAL DEVELOPMENT

2007

4

Vietnam the best

ELECTRONIC VIETNAM NET AND VIETNAM TELEVISION

2007

5

Reliable Exporter Award

MINISTRY OF INDUSTRY AND TRADE

2010 - Jun 1

6

Vietnam Gold Star Award 2011

VIETNAM YOUNG ENTREPRENEURS ASSOCIATION

2011 - Oct 10

 

 

NOTES & COMMENTS

 

N/A

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.66.74

UK Pound

1

Rs.101.36

Euro

1

Rs.74.27

 

 

 

 

 

INFORMATION DETAILS

 

Analysis Done by :

KAS

 

 

Report Prepared by :

NIT

 

 

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.