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MIRA
INFORM REPORT
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Report No. : |
501669 |
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Report Date : |
14.04.2018 |
IDENTIFICATION DETAILS
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Name : |
VISION JSC |
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Registered Office : |
146 Trieu Duong St Tran
Phu Ward, Mong Cai, Quang Ninh |
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Country : |
Vietnam |
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Date of Incorporation : |
16.02.2012 |
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Com. Reg. No.: |
5701586649 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture of non-electric domestic appliances |
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No. of Employees : |
Not available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
C |
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Credit Rating |
Explanation |
Rating Comments |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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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 Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
VIETNAM - ECONOMIC OVERVIEW
Vietnam is a densely populated developing country that has been transitioning since 1986 from the rigidities of a centrally planned, highly agrarian economy to a more industrial and market based economy, and it has raised incomes substantially. In 2016 and 2017, Vietnam missed its yearly growth target of 6.7% due to environmental issues – drought and salinization - impacting the agricultural sector, and low oil prices affecting the extractive sector. However, annual GDP growth reached 6.3%, reflecting strengthening domestic demand and strong manufacturing exports.
Vietnam has a young population, stable political system, commitment to sustainable growth, relatively low inflation, stable currency, strong FDI inflows, and strong manufacturing sector. In addition, the country is committed to continuing its global economic integration. Vietnam joined the WTO in January 2007 and concluded several free trade agreements in 2015-16, including the EU-Vietnam Free Trade Agreement, the Korean Free Trade Agreement, and the Eurasian Economic Union Free Trade Agreement. In 2017, Vietnam successfully chaired the Asia-Pacific Economic Cooperation (APEC) Conference with its key priorities including inclusive growth, innovation, strengthening small and medium enterprises, food security and climate change. Seeking to diversify its opportunities, Vietnam also continued to pursue other multilateral relationships, including the Comprehensive and Progressive Agreement for the Transpacific Partnership and the Regional Comprehensive Economic Partnership.
To continue its trajectory of strong economic growth, the government acknowledges the need to spark a second wave’ of reforms, including reforming state-owned-enterprises, reducing red tape, increasing business sector transparency, reducing the level of non-performing loans in the banking sector, and increasing financial sector transparency. Vietnam’s public debt to GDP ratio is nearing the government mandated ceiling of 65%.
In 2016, Vietnam cancelled its civilian nuclear energy development program, citing public concerns about safety and the high cost of the program; it faces growing pressure on energy infrastructure. Overall, the country’s infrastructure fails to meet the needs of an expanding middle class. Vietnam has demonstrated a commitment to sustainable growth over the last several years, but the recent slowdown in economic growth could test the government’s resolve.
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Source : CIA |
Company Summary
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Business
Name |
VISION
JSC |
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Country |
VIET NAM |
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Company
Registration Number |
5701586649 |
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Main
Activity Code |
2752 |
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Main
Activity Description |
Manufacture
of non-electric domestic appliances |
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Company
Status |
(Active) |
Basic Information
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Business
Name |
VISION
JSC |
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Registered
Company Name |
VISION
JSC |
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Company
Registration Number |
5701586649 |
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Country |
VIET NAM |
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VAT
Registration Number |
5701586649 |
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VAT
Registration Date |
2012-02-16 |
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Date of
Company Registration |
2012-02-17 |
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Date of
Starting Operations |
2012-02-17 |
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Legal
Form |
Joint
Stock Company |
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Company
Status |
(Active) |
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Contact
Telephone Number |
[+84]
203-3884486 Status: Telephone number working but no answer [+84] 203-3776668
Status: Telephone number not working |
Main Address
|
Address |
Country |
Telephone |
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146
Trieu Duong St Tran Phu Ward, Mong Cai, Quang Ninh |
VIET
NAM |
[+84]
203-3884486 Status: Telephone
number working but no answer [+84] 203-3776668 Status: Telephone number not
working |
Other Address
No other
addresses for this company.
Previous
Address
No previous addresses for this company
Activities
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Activity Code |
Activity Description |
|
2752 |
Manufacture of non-electric domestic appliances |
Email Addresses
No email for this company.
Web Pages
No web pages for this company.
Employee Information
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Date Reported |
Number of Employees |
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2018 |
n/a |
Banker Information
No banker information for this company.
Advisors Information
No advisor information for this company.
Miscellaneous Information
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Fax Number |
[+84] 203-3776668 Status: Fax number not
working |
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Additional Business Information |
Core Business The primary business focus of VISION JSC is Trading - Finished products. Key products include: Rags; Used CPU; Used automobile tires; Used computer monitors; Used facsimile machines; Used televisions; Supplementary Business: In addition to the core business, VISION JSC also is engaged in the following areas of business: 1. Exporting; • Exporting - Finished products; 2. Importing- Importing - Finished products. |
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Additional Financial Information |
Based on the corporate laws of Vietnam, legal entities which are a Joint Stock Company are not required to make public disclosure of their annual financials. Therefore no financials are available for this entity. |
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Number of Employees at Address |
n/a |
Additional Miscellaneous Information
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Primary Business
Activity |
Trader |
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Key
Industry |
Electrical
Equipment & Appliances |
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Registered
Legal Address |
146
Trieu Duong St Tran Phu Ward, Mong Cai, Quang Ninh. |
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Issuing
Authority |
DEPT. OF
PLANNING & INVESTMENT - Quang Ninh |
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Legal
Form - Category |
Joint
Stock Company |
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Legal
Form - Abbreviation |
JSC |
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Operational
Status of Business |
It was
NOT possible to confirm the operational status. |
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Capital |
US$
298,323 |
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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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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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Reputation |
Due to the prevailing circumstances regarding the status of VISION
JSC, assessment of reputation is not relevant. |
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Nega
Scan Adverse Data Monitoring |
Dishonored checks; Debt; Civil litigation; Performance defaults;
Adverse local media coverage / adverse filing history: No Record Found. |
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Office
and Facilities |
Name: VISION JSC - MONG CAI, QUANG NINH; Primary Use: Office &
Administration facilities; Address: 146 Trieu Duong St Tran Phu Ward, Mong
Cai, Quang Ninh; Country: Vietnam; Status: Unknown. |
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Previous
Contact Details |
Telephone
Number: 84-33-3776029; Telephone Number: 84-33-3776668; Fax Number:
84-33-3776668. |
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Primary
Products |
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Products
/ Materials / Services Description Activity |
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Rags |
Trading |
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Used CPU |
Trading |
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Used
automobile tires |
Trading |
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Used
computer monitors |
Trading |
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Used
facsimile machines |
Trading |
Financial Information
No financial information for this company.
Current Directors
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Name |
Gender |
Address |
Date of
Position Birth |
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Xuan
Thanh Tran |
Male |
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1987-05-20 Managing Director |
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Previous Directors
No previous directors for this company.
Share Capital Structure
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Nominal
Share Capital |
6.800.000.000 |
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Issued
Share Capital |
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Shareholders
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Shareholder |
Address |
% Shares
Held |
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Xuan
Thanh Tran |
Vietnam |
56 |
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Chinh
Ngoc Vu |
Vietnam |
22 |
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Tron Thi
Khong |
Vietnam |
22 |
Group
Structure
No group
structure information for this company
Negative
Information
No
negative information for this company
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.22 |
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1 |
INR 92.77 |
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Euro |
1 |
INR 80.34 |
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VND |
1 |
INR 0.0029 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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NIS |
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Report Prepared
by : |
SYL |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.