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MIRA
INFORM REPORT
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Report No. : |
487745 |
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Report Date : |
01.02.2018 |
IDENTIFICATION DETAILS
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Name : |
VNEXPRO TRADING CO LTD |
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Registered Office : |
4 Lane 59/28 Hung Phuc St Yen So Ward, Hoang Mai Dist, Hanoi |
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Country : |
Viet Nam |
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Date of Incorporation : |
01.06.2017 |
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Com. Reg. No.: |
0107870197 |
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Legal Form : |
Private Company with Limited Liability |
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Line of Business : |
Subject is engaged in Preparation and spinning of textile fibres |
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No. of Employees : |
3 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
NB |
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Credit Rating |
Explanation |
Rating Comments |
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NB |
New Business |
No recommendation can be done due to business
in infancy stage |
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Status : |
New Business |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
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Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
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Viet Nam |
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 |
VIET NAM - ECONOMIC OVERVIEW
Vietnam is a densely populated developing country that has been transitioning from the rigidities of a centrally planned, highly agrarian economy since 1986 to a more industrial and market based economy, raising 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.
However, 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 has demonstrated a commitment to sustainable growth over the last several years, but a recent slowdown in economic growth could test the government’s resolve.
In 2016, Vietnam cancelled its civilian nuclear energy development program, citing public concerns about safety and the high cost of the program, and is facing growing pressure on energy infrastructure. Overall, the country’s infrastructure fails to meet the needs of an expanding middle class. As the 2017 Asia-Pacific Economic Cooperation (APEC) chair, Vietnam lead the dialogue on key APEC priorities such as inclusive growth, innovation, food security and climate chang
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Source
: CIA |
Company Summary
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Business
Name |
VNEXPRO |
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Country |
VIET NAM |
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Company Registration Number |
0107870197 |
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Main Activity Code |
1310 |
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Main Activity Description |
Preparation
and spinning of textile fibres |
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Company Status |
Normal
(Active) |
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Latest Turnover Figure |
- |
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Latest Shareholder Equity
Figure |
- |
Basic Information
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Business Name |
VNEXPRO |
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Registered Company Name |
VNEXPRO TRADING CO LTD |
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Company Registration Number |
0107870197 |
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Country |
VIET NAM |
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VAT Registration Number |
0107870197 |
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VAT Registration Date |
2017-06-01 |
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Date of Company Registration |
2017-06-01 |
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Date of Starting Operations |
2017-06-01 |
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Legal Form |
Private
Company with Limited Liability |
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Company Status |
Normal
(Active) |
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Contact Telephone Number |
n/a,
[+84]-977453579 |
Main Address
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Address |
Country |
Telephone |
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4 Lane 59/28 Hung Phuc St
Yen So Ward, Hoang Mai Dist, Hanoi |
VIET NAM |
n/a,
[+84]-977453579 |
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 |
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1310 |
Preparation and spinning of textile fibres |
Email Addresses
Web Pages
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No web pages for this company. |
Employee Information
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Date Reported |
Number of Employees |
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2018 |
3 |
Banker Information
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No banker information for this company. |
Advisors Information
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No advisor information for this company. |
Miscellaneous Information
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Fax Number |
n/a |
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Export Countries |
Asia / Pacific, India |
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Import Countries |
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Additional Business Information |
Core Business: The primary business focus of VNEXPRO TRADING CO LTD is Trading - Finished products. Key products include: Fibers, Garment accessories. Supplementary Business: In addition to the core business, VNEXPRO TRADING CO LTD also is engaged in the following areas of business: 1. Exporting: Exporting - Finished products. |
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Additional Payment Information |
Selling: Local: Cash on delivery (COD), Credit - Unsecured 30~60 days; Export: Documents against Acceptance (D/A), Letter of Credit (At-sight). Purchasing: Local: Credit - Unsecured 30~60 days, Cash on delivery (COD). |
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Additional Financial Information |
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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Number of Employees at Address |
3 |
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Issuing Authority |
Department Of Planning & Investment - Hanoi |
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Domestic Sales & Purchases |
Annual Sales Analysis: Domestic Sales: 80%, International Sales (Export): 20%. Annual Purchases Analysis: Local Purchases: 100%. |
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Reputation |
Due to the recent incorporation of the VNEXPRO TRADING CO LTD, and the relatively small nature of its business, no meaningful points of reference in terms of reputation within the respective industry was possible. |
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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. |
Financial Information
No financial information for this company
Current Directors
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Name |
Gender |
Date of Position Birth |
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Duc Minh Vu |
Male |
1979-12-07 Managing Director |
Previous Directors
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No previous
directors for this company. |
Share Capital Structure
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Nominal Share
Capital |
1.000.000.000 |
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Issued Share
Capital |
1.000.000.000 |
Shareholders
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Shareholder |
Address |
% Shares Held |
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Ms. Kim Dau
Thi Duong |
Vietnam |
80 |
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Mr. Duc Minh
Vu |
Vietnam |
20 |
Group Structure
No
group structure 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 63.69 |
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1 |
INR 90.35 |
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Euro |
1 |
INR 79.21 |
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VND |
1 |
INR 0.0028 |
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 : |
KET |
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
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Company
background and operations size
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Promoters
/ Management background
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Payment
record
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Litigation
against the subject
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Industry
scenario / competitor analysis
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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.