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MIRA INFORM REPORT
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Report No. : |
486399 |
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Report Date : |
20.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
DINH HA IMPORT EXPORT JSC |
|
|
|
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Registered Office : |
5Fl Dau Khi Hotel 411 Da Nang St, Hai An Dist,
Haiphong |
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Country : |
Vietnam |
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Financials (as on) : |
December 2016 |
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Date of Incorporation : |
17.03.2008 |
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Com. Reg. No.: |
0200790676 |
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Legal Form : |
Joint Stock Company |
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|
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Line of Business : |
· Forging, pressing, stamping and roll-forming of metal; powder metallurgy · Manufacture of soft drinks; production of mineral waters and other bottled waters |
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No. of Employees : |
35 [2018] |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January
2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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
|
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 |
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High Risk |
C2 |
|
Very High Risk |
D |
VIETNAM - 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 change.
|
Source
: CIA |
Company
Summary
|
|
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Business Name |
DINH HA IMPORT - EXPORT |
|
Country |
VIET NAM |
|
Company Registration Number |
0200790676 |
|
Main Activity Code |
2550 |
|
Main Activity Description |
Forging, pressing, stamping and roll-forming of
metal; powder metallurgy |
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Company Status |
Normal (Active) |
|
Latest Turnover Figure |
130.234.000.000 |
|
Latest Shareholder Equity Figure |
61.658.000.000 |
Basic
Information
|
|
|
Business Name |
DINH HA IMPORT - EXPORT |
|
Registered Company Name |
DINH HA IMPORT EXPORT JSC |
|
Company Registration Number |
0200790676 |
|
Country |
VIET NAM |
|
VAT Registration Number |
0200790676 |
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VAT Registration Date |
2008-03-17 |
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Date of Company Registration |
2009-07-02 |
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Date of Starting Operations |
2009-07-02 |
|
Commercial Court |
|
|
Legal Form |
Joint Stock Company |
|
Type of Ownership |
Registered ownership by Subject Business Entity |
|
Company Status |
Normal (Active) |
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Principal Activity Code |
|
|
Principal Activity Description |
|
|
Contact Telephone Number |
[+84] 225-3262042, [+84] 225-3555110,
[+84]-1684546183, [+84]-987878375 |
Main
Address
|
||
|
Address |
Country |
Telephone |
|
5Fl Dau Khi Hotel 411 Da Nang St, Hai An Dist,
Haiphong |
VIET NAM |
[+84] 225-3262042, [+84] 225- |
|
|
|
3555110, [+84]-1684546183, |
|
|
|
[+84]-987878375 |
Other
Address
|
||
|
Address |
Country |
Telephone |
|
5Fl Dau Khi Hotel 411 Da Nang St, Hai An Dist,
Haiphong |
VIET NAM |
|
Previous
Address
|
|
Address
Country |
|
12A8-CT1 Van My, Ngo Quyen Dist, Haiphong VIET NAM |
|
110 Tran Hung Dao St, Hai An Dist, Haiphong VIET NAM |
Activities
|
|
|
Activity Code |
Activity Description |
|
2550 |
Forging, pressing, stamping and roll-forming of
metal; powder metallurgy |
|
1107 |
Manufacture of soft drinks; production of mineral
waters and other bottled waters |
Email
Addresses
|
Web
Pages
|
Employee
Information
|
|
Date Reported Number of Employees |
|
2018 35 |
Banker
Information
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||
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Banker Name |
Banker Address |
Phone Number |
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ASIA COMMERCIAL JOINT STOCK BANK |
Binh Duong |
ASCB |
Advisors
Information
|
|
No advisor information for this company. |
Miscellaneous
Information
|
|
|
Fax Number |
[+84] 225-3555109 |
|
Export Countries |
Africa, Asia / Pacific, Australia, Bangladesh,
Cameroon, Ghana, India, Indonesia, Korea, South (Republic of Korea), Malaysia,
Mali, Philippines, Singapore, Tanzania, Thailand. |
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Import Countries |
|
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Additional Business Information |
Core Business: The primary business focus of
DINH HA IMPORT EXPORT JSC is Exporting
- Minerals. Key products
include: Calcium carbonate, Dolomite powder, Lime powder, Limestone powder,
Minerals, Quicklime. An integral part of the core business includes:
Distribution, Warehousing. Supplementary Business:
In addition to the core business, DINH HA IMPORT EXPORT JSC also is engaged in the following areas
of business: Trading, Trading - Minerals. |
|
Additional Rating Information |
Good Credit Quality: Credit can proceed on a
favorable basis but in strict adherence to financig terms. Proposed Credit
Limit: USD $290,000; Revision of Credit Limit: Annual; Risk Index:
Low. |
|
Additional Payment Information |
Selling Type: Export
Terms: Telegraphic Transfer (T/T) - Received at time of transaction, Letter
of Credit (At- sight). Purchasing Type: Local Terms:
Credit - Secured with Post-dated checks 30~60 days, Cash on delivery (COD). |
|
Additional Financial Information |
Financial Statements were prepared as at 31.12.16,
31.12.15 and 31.12.14. Financials - Summary: [Year: Turnover: Assets: Net
Income]: 2011 Annual: 2,081,997; 660,250; 23,044. 2012 Annual:
7,952,495; 1,680,892; 53,830. 2013 Annual: 8,435,188;
2,468,170; 476,335. Based on the corporate laws of Vietnam, legal
entities which are a Joint Stock Company are not required to make public
disclosure of their annual financials. Although basic financials were
obtained for reference. |
|
Number of Employees at Address |
35 |
|
Number of Employees at Group |
|
|
Number of Employees at Factory |
|
Additional
Miscellaneous Information
|
|
|
Primary Business Activity |
Exporter. |
|
Key Industry |
Minerals / Mining. |
|
Registered Legal Address |
24A7/411 Da Nang St Dong Hai Ward, Hai An Dist,
Haiphong; Vietnam. |
|
Issuing Authority |
DEPT. OF PLANNING & INVESTMENT - Hai Phong. |
|
Legal Form |
Joint Stock Company. |
|
Legal Form – Abbreviation |
JSC. |
|
Capital |
US$ 682189. |
|
Note |
In Vietnam, when changes occur in the statutory of
an existing company, a new business license number is issued which links the new
changes to a new license number. Such changes have occurred with the Subject
Business Entity. Accordingly, there are two different "Dates of
Registration", one being the original Date of Registration, and the other
being the most recent Date of issuance of the new License.
Details of the various previous License dates (if available) and the
corresponding License numbers, are listed in PREVIOUS BUSINESS LICENSE/S below. |
|
Tax / VAT Details |
Tax Issuing Authority:
MINISTRY OF FINANCE; Local Name Used:
Gia Trj Gia Tang (Value Added Tax); Acronym: GTGT / VAT. |
|
Previous Business License/S |
License Date: 28 Feb, 2008. License No.:
0203003994. |
|
Primary Products[Products / Materials / Services Description: Activity] |
Calcium carbonate, Dolomite powder, Lime powder,
Limestone powder, Minerals: Exporting. |
|
Domestic Sales and Purchases[Annual International Sales
(Export): 100%. Local Purchases: 100%. Sales Analysis: Percentage] |
|
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Capital[Date: Authorized Capital - History] |
28 Feb, 2008: 13,000,000,000; 12 Dec, 2012:
15,000,000,000; 5 Nov, 2013: 15,500,000,000. |
|
Reputation |
Reference checking for the purpose of establishing DINH HA IMPORT EXPORT JSC's reputation within the respective
industry failed to reveal any adverse information. |
|
Nega-Scan - Adverse Data Monitoring |
Dishonored Checks, Debt, Civil Litigation,
Performance Defaults, Adverse Local Media Coverage / Adverse Filing History:
No Record Found. |
|
Bank Details |
Bank Name: HO CHI MINH CITY DEVELOPMENT
JOINT STOCK COMMERCIAL BANK;
Global Identifier: P2015104; Branch: HO
CHI MINH
CITY DEVELOPMENT JOINT STOCK COMMERCIAL
BANK - HAI PHONG; Branch Address: Hai Phong;
SWIFT Code: HDBCVNV. Bank
Name: VIETNAM JOINT STOCK COMMERCIAL
BANK FOR INDUSTRY & TRADE; Global Identifier: 32404058;
Branch: VIETNAM JOINT STOCK COMMERCIAL BANK FOR INDUSTRY AND TRADE - NGO QUYEN; Branch
Address: Ngo Quyen; SWIFT Code: ICBVVNVX. |
|
Office and Facilities |
The following information
relates to the Business Entity's office
as listed above: Name: DINH HA IMPORT EXPORT JSC - HAI AN DIST, HAIPHONG;
Primary Use: Office & Administration facilities; Address: 5Fl Dau Khi Hotel 411 Da Nang St,
Hai An Dist, Haiphong; Country:
Vietnam; Status: Operational. |
|
Quality Accreditation[Name: Accreditation Category] |
Quality Accreditation Listings: INTERNATIONAL
STANDARDS ORGANIZATION (ISO): 9001:2008. |
|
Financial Year |
2016-12 |
2015-12 |
2014-12 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
VND |
VND |
VND |
|
Consolidated Accounts |
No |
No |
No |
Profit
and Loss
|
|||
|
Revenue |
124.271.000.000 |
145.525.000.000 |
177.882.000.000 |
|
Operating Costs |
83.633.000.000 |
101.816.000.000 |
122.028.000.000 |
|
Operating Profit |
40.638.000.000 |
43.709.000.000 |
55.854.000.000 |
|
Wages & Salaries |
- |
- |
- |
|
Pension Costs |
- |
- |
- |
|
Depreciation |
- |
- |
- |
|
Amortisation |
- |
- |
- |
|
Financial Income |
283.000.000 |
607.000.000 |
816.000.000 |
|
Financial Expenses |
101.000.000 |
119.000.000 |
422.000.000 |
|
Extraordinary Income |
444.000.000 |
1.135.000.000 |
100.000.000 |
|
Extraordinary Costs |
28.634.000.000 |
32.195.000.000 |
51.931.000.000 |
|
Profit before Tax |
12.630.000.000 |
13.137.000.000 |
4.417.000.000 |
|
Tax |
2.779.000.000 |
2.890.000.000 |
1.104.000.000 |
|
Profit after Tax |
9.851.000.000 |
10.247.000.000 |
3.313.000.000 |
|
Dividends |
- |
- |
- |
|
Minority Interests |
- |
- |
- |
|
Other Appropriations |
- |
- |
- |
|
Retained Profit |
9.851.000.000 |
10.247.000.000 |
3.313.000.000 |
Balance
Sheet
|
|||
|
Land & Buildings |
0 |
0 |
0 |
|
Plant & Machinery |
0 |
0 |
0 |
|
Other Tangible Assets |
0 |
0 |
0 |
|
Total Tangible Assets |
11.005.000.000 |
11.654.000.000 |
11.092.000.000 |
|
Goodwill |
0 |
0 |
0 |
|
Other Intangible Assets |
0 |
0 |
0 |
|
Total Intangible Assets |
0 |
0 |
0 |
|
Investments |
0 |
0 |
0 |
|
Loans to Group |
0 |
0 |
0 |
|
Other Loans |
0 |
0 |
0 |
|
Miscellaneous Fixed Assets |
0 |
0 |
0 |
|
Total Other Fixed Assets |
0 |
0 |
0 |
|
Total Fixed Assets |
11.262.000.000 |
11.953.000.000 |
11.159.000.000 |
|
Raw Materials |
0 |
0 |
0 |
|
Work in Progress |
0 |
0 |
0 |
|
Finished Goods |
0 |
0 |
0 |
|
Other Inventories |
0 |
0 |
0 |
|
Total Inventories |
31.842.000.000 |
25.388.000.000 |
24.528.000.000 |
|
Trade Receivables |
11.997.000.000 |
13.729.000.000 |
23.795.000.000 |
|
Group Receivables |
0 |
0 |
0 |
|
Receivables Due after 1 year |
0 |
0 |
0 |
|
Miscellaneous Receivables |
0 |
0 |
0 |
|
Total Receivables |
11.997.000.000 |
13.729.000.000 |
23.795.000.000 |
|
Cash |
821.000.000 |
3.197.000.000 |
1.216.000.000 |
|
Other Current Assets |
13.559.000.000 |
12.697.000.000 |
9.772.000.000 |
|
Total Current Assets |
58.219.000.000 |
55.011.000.000 |
59.311.000.000 |
|
Total Assets |
69.481.000.000 |
66.964.000.000 |
70.470.000.000 |
|
Trade Payables |
3.683.000.000 |
14.296.000.000 |
16.831.000.000 |
|
Bank Liabilities |
0 |
0 |
0 |
|
Other Loans or Finance |
3.999.000.000 |
0 |
9.065.000.000 |
|
Group Payables |
0 |
0 |
0 |
|
Miscellaneous Liabilities |
121.000.000 |
841.000.000 |
2.994.000.000 |
|
Total Current Liabilities |
7.803.000.000 |
15.137.000.000 |
28.890.000.000 |
|
Trade Payables After 1 Year |
0 |
0 |
0 |
|
Bank Liabilities After 1 Year |
0 |
0 |
0 |
|
Other Loans or Finance due after 1 year |
0 |
0 |
0 |
|
Group Payables After 1 Year |
0 |
0 |
0 |
|
Miscellaneous Liabilities Due After 1 Year |
20.000.000 |
20.000.000 |
20.000.000 |
|
Total Long Term Liabilities |
20.000.000 |
20.000.000 |
20.000.000 |
|
Total Liabilities |
7.823.000.000 |
15.157.000.000 |
28.910.000.000 |
|
Called Up Share Capital |
15.500.000.000 |
15.500.000.000 |
15.500.000.000 |
|
Share Premium |
0 |
0 |
0 |
|
Revenue Reserves |
46.158.000.000 |
36.307.000.000 |
26.060.000.000 |
|
Other Reserves |
0 |
0 |
0 |
|
Total Shareholders Equity |
61.658.000.000 |
51.807.000.000 |
41.560.000.000 |
Other
Financials
|
|||
|
Contingent Liabilities |
|||
|
Working Capital |
50.416.000.000 |
39.874.000.000 |
30.421.000.000 |
|
Net Worth |
0 |
0 |
0 |
Ratios
|
|||
|
Pre Tax Profit Margin |
10.16 |
9.03 |
2.48 |
|
Return On Capital Employed |
20.48 |
25.35 |
10.62 |
|
Return On Total Assets Employed |
18.18 |
19.62 |
6.27 |
|
Return On Net Assets Employed |
20.48 |
25.36 |
10.63 |
|
Sales / Net Working Capital |
2.46 |
3.65 |
5.85 |
|
Stock Turnover Ratio |
25.62 |
17.45 |
13.79 |
|
Debtor Days |
35.24 |
34.43 |
48.83 |
|
Creditor Days |
10.82 |
35.86 |
34.54 |
|
Current Ratio |
7.46 |
3.63 |
2.05 |
|
Liquidity Ratio Or Acid Test |
3.38 |
1.96 |
1.2 |
|
Current Debt Ratio |
0.13 |
0.29 |
0.7 |
|
Gearing |
|||
|
Equity In Percentage |
|||
|
Total Debt Ratio |
0.13 |
0.29 |
0.7 |
Additional
Financials
|
|
Gross Profit |
Current
Directors
|
||||
|
Name |
Gender |
Address |
Date of Birth |
Position |
|
Dung Van Vu |
Male |
Vietnam |
1968-07-02 |
Chairman |
|
Huong Thu Thi Nguyen |
Male |
Vietnam |
|
Manager |
|
Thuy Thanh Thi Vu |
Female |
Vietnam |
1969-12-23 |
Chief Executive Officer |
|
Ngoc Van Vu |
Female |
Vietnam |
1970-02-15 |
Chief Accountant |
Previous
Directors
|
|
No previous directors for this company. |
Share
Capital Structure
|
|
Nominal Share Capital 15.500.000.000 |
|
Issued Share Capital 15.500.000.000 |
Shareholders
|
||
|
Shareholder |
Address |
% Shares Held |
|
Dung Van Vu |
Vietnam |
73 |
|
Ngoc Van Vu |
Vietnam |
15 |
|
Thuy Thanh Thi Vu |
Vietnam |
12 |
Group
Structure
|
|
No group structure information for this company |
Negative
Information
|
|
No negative information for this company |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.72 |
|
|
1 |
INR 88.64 |
|
Euro |
1 |
INR 78.14 |
|
VND |
1 |
INR 0.0028 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
TPT |
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.