MIRA INFORM REPORT

 

 

Report No. :

487834

Report Date :

02.02.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

SUNFEEL  VIETNAM  CO  LTD

 

 

Registered Office :

Phu  Hoi  Industrial  Zone  Phu  Hoi  Commune,  Duc  Trong  Dist,  Lam  Dong

 

 

Country :

Vietnam

 

 

Date of Incorporation :

11.04.2017

 

 

Com. Reg. No.:

5801339837

 

 

Legal Form :

Private  Company  with  Limited  Liability

 

 

Line of Business :

·         Finishing  of  textiles

·         Preparation  and  spinning  of  textile  fibres

 

 

No. of Employees :

3

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

NB

 

Credit Rating

Explanation

Rating Comments

NB

New Business

No recommendation can be done due to business in infancy stage

 

Status :

New Business

 

 

Payment Behaviour :

Unknown

 

 

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

 

Country Name

Previous Rating

(30.06.2017)

Current Rating

(30.09.2017)

Vietnam

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

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.

 

Source : CIA

 

Company  Summary

                       

Business  Name

SUNFEEL  VIETNAM  CO  LTD

Country

VIET  NAM

Company  Registration  Number

5801339837

Main  Activity  Code

1330

Main  Activity  Description

Finishing  of  textiles

Company  Status

Normal (Active)

Latest  Turnover  Figure

-

Latest  Shareholder  Equity  Figure

-

 

 

Basic  Information

           

Business  Name

SUNFEEL  VIETNAM  CO  LTD

Registered  Company  Name

SUNFEEL  VIETNAM  CO  LTD

Company  Registration  Number

5801339837

Country

VIET  NAM

VAT  Registration  Number

5801339837

VAT  Registration  Date

 

Date  of  Company  Registration

2017-04-11

Date  of  Starting  Operations

2017-04-11

Commercial  Court

 

Legal  Form

Private  Company  with  Limited  Liability

Type  of  Ownership

 

Company  Status

Normal (Active)

Principal  Activity  Code

 

Principal  Activity  Description

 

Contact  Telephone  Number

N/A,  [+84]-1232121215

 

 

Main Address 

                                   

Address

Country

Telephone

Phu  Hoi  Industrial  Zone  Phu  Hoi  Commune,  Duc  Trong  Dist,  Lam  Dong

VIET  NAM

N/A,  [+84]-1232121215

 

 

Other  Address

 

Address

Country

Telephone

No  other  addresses  for  this  company.

 

 

 

Previous  Address

 

Address

Country

No  previous  addresses  for  this  company.

 

 

 

Activities

 

Activity  Code

Activity  Description

1330

Finishing  of  textiles

1310

Preparation  and  spinning  of  textile  fibres

 

 

Email  Addresses

 

No  email  for  this  company.

 

 

Web  Pages

 

No  web  pages  for  this  company.

 

 

Employee  Information

 

Date  Reported

Number  of  Employees

2018

3

 

 

Banker  Information

 

Banker  Name

Banker  Address

Phone  Number

No  banker  information  for  this  company.

 

 

 

 

Advisors  Information

 

Auditor  Name

Solicitor  Name

No  advisor  information  for  this  company.

 

 

Miscellaneous  Information

 

Fax Number

N/A

Export Countries

 

Import Countries

 

Additional Business Information

Core Business The primary business focus of SUNFEEL VIETNAM CO LTD is Manufacturing - Finished products. Key product include : Silks

Additional Payment Information

 

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.

Number of Employees at Address

3

Number of Employees at Group

 

Number of Employees at Factory

 

 

 

Additional Miscellaneous Information  

 

Primary Business Activity

Manufacturer

Key Industry

Textiles & Raw Material

Issuing Authority

DEPT. OF PLANNING & INVESTMENT - Lam Dong

Note

1.There exists no known land telephone line that is being used by the Subject Business Entity (SBE) in connection to their business, which is uncommon in normal / regular businesses. The SBE ONLY operates using a Mobile phone as the primary point of contact. In such scenarios, there is no ability to legally

associate any relationship between the SBE and the person/s answering the mobile phone. Caution is advised.

Reputation

Due to the recent incorporation of the SUNFEEL VIETNAM 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.

Nega-scan - adverse data monitoring

Dishonored checks, Debt, Civil litigation, Performance defaults, Adverse local media coverage / adverse filing history No record found

Company History(Date Details)

2017 - Apr As per current investigation, the subject company is currently under construction.

 

 

Financial  Information

 

No  financial  information  for  this  company.

Current  Directors

 

Name

Gender

Address

Date  of Birth

Position

Xuan  Ly

Male

 

 

Director  General

 

 

Previous  Directors

 

Name

Gender

Address

Date  of  Birth

Position

Resignation  Date

No  previous  directors  for  this  company.

 

 

Share  Capital  Structure     

                       

Nominal  Share  Capital

25.000.000.000

Issued  Share  Capital

 

                     

 

Shareholders     

                       

Shareholder

Address

% Shares  Held

CHONGQING  FENGJIE  SUNFEEL  SILK  CO  LTD

Vietnam

100

 

 

Ultimate  Holding  Parent

 

Name

Type

OfficeType

Status

RegistrationNumber

VatNumber

Address

PhoneNumber

No  Ultimate  Holding  Parent  for  this  company.

 

 

Immediate  Holding  Parent

 

Name

Status

Registration Number

Address

CHONGQING  FENGJIE  SUNFEEL  SILK  CO  LTD

Active

 

 

 

 

Subsidaries

 

Name

Status

Registration Number

Address

No  subsidaries  for  this  company.

 

 

 

Affiliates

 

Name

Status

Registration Number

Address

No  affiliates  for  this  company.

 

 

 

 

 

Negative  Information

 

No  negative  information  for  this  company

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 63.61

UK Pound

1

INR 89.32

Euro

1

INR 78.95

VND

1

INR 0.0028

 

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

VAR

 

 

Report Prepared by :

TRU

 

 

RATING EXPLANATIONS

 

Credit Rating

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

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)

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.