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MIRA INFORM REPORT
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Report No. : |
488505 |
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Report Date : |
27.01.2018 |
IDENTIFICATION DETAILS
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Name : |
HUYNH GIA AGRICULTURE JSC |
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Registered Office : |
80/2 Yen The St Ward 2, Tan Binh Dist, Ho Chi Minh |
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Country : |
Vietnam |
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Date of Incorporation : |
09.06.2015 |
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Com. Reg. No.: |
0313294541 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Growing of other tree and bush fruits and nuts |
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No. of Employees : |
50 [2017] |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring 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 (30.06.2017) |
Current Rating (30.09.2017) |
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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 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, 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 was 6.2%, 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 will lead the dialogue on key APEC priorities such as inclusive growth, innovation, food security and climate change.
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Source
: CIA |
Company
Summary
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Business Name |
HUYNH GIA AGRI |
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Country |
VIET NAM |
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Company Registration Number |
0313294541 |
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Main Activity Code |
0125 |
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Main Activity Description |
Growing of other tree and bush fruits and nuts |
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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 |
HUYNH GIA AGRI |
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Registered Company Name |
HUYNH GIA AGRICULTURE JSC |
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Company Registration Number |
0313294541 |
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Country |
VIET NAM |
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VAT Registration Number |
0313294541 |
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Date of Company Registration |
2015-06-09 |
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Date of Starting Operations |
2015-06-09 |
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Legal Form |
Joint Stock Company |
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Company Status |
Normal (Active) |
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Contact Telephone Number |
[+84] 28-35470665; [+84] 28-38487769 |
Main
Address
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Address |
Country |
Telephone |
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80/2 Yen The St Ward
2, Tan Binh Dist, Ho Chi Minh |
VIET NAM |
[+84] 28-35470665; [+84] 28- 38487769 |
Other
Address
No other addresses for this company.
Previous
Address
No previous addresses for this company.
Activities
Activity Code Activity Description
0125 Growing
of other tree and bush fruits and nuts
Email
Addresses
Web
Pages
Employee
Information
Date Reported Number of Employees
2017 50
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] 28-35470668 |
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Export Countries |
Europe, North America, USA |
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Additional Business Information |
Core Business: The primary business focus of
HUYNH GIA AGRICULTURE JSC is Manufacturing
- Finished products. Key products
include: Agar-agar powder, Carrageenan powder, Cashew nuts, Processed cashew
nuts, Processed rubber, Roasted cashew nuts, Rubber products, Seasoning,
Vegetable powder, An integral part of the core business includes, Assembly
& packaging, Distribution. Supplementary Business: In addition to
the core business, HUYNH GIA AGRICULTURE JSC also is engaged in
the following areas of business:
1. Exporting, Exporting - Finished products. 2. Service: Specialized
professional services, including: Plantations. |
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Additional Payment Information |
Selling: Type Terms Local Cash on delivery (COD),
Credit - Unsecured 30~60 days, Export Telegraphic Transfer (T/T) - Received
at time of transaction Letter of Credit (At-sight). Purchasing: Type Terms
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 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 |
50 |
Additional
Miscellaneous Information
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Primary Business Activity |
Manufacturer |
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Key Industry |
Consumer Products |
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Issuing Authority |
DEPARTMENT OF PLANNING AND INVESTMENT - Ho Chi
Minh |
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Domestic Sales & Purchases |
Annual Sales Analysis; Percentage, Domestic
Sales; 70%, International Sales (Export); 30% Annual Purchases
Analysis; Percentage, Local Purchases; 100% |
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Brands & Trademarks |
Brands & Trademarks - 1. Brands &
Trademarks: FAMI Nuts, Application Category: #1 Cashew nuts, #2 Roasted
cashew nuts, #3 Processed cashew nuts. Brands & Trademarks - 2. Brands
& Trademarks: G- agar, Application Category: #1 Agar-agar powder, #2
Carrageenan powder. Brands & Trademarks - 3. Brands & Trademarks: O'
SPICY, Application Category: #1
Pepper, #2 Cashew nuts, #3 Roasted cashew nuts, #4 Processed cashew nuts.
Brands & Trademarks - 4. Brands & Trademarks: O'TREE, Application
Category: #1 Cashew nuts, #2 Roasted cashew nuts, #3 Processed cashew nuts. |
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Reputation |
Due to the recent
incorporation of the HUYNH GIA
AGRICULTURE JSC, 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 |
Address |
Date of Birth |
Position |
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Trong Dinh Huynh |
Male |
223/25 Nguyen Van Cong St Ward 3, Go Vap, Ho Chi
Minh |
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Chairman Managing
Director Director |
Previous
Directors
No previous directors for this company.
Share
Capital Structure
Nominal Share Capital 5.000.000.000
Issued Share Capital 5.000.000.000
Shareholders
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Shareholder |
Address |
% Shares Held |
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Mr. Trong Dinh Huynh |
Vietnam |
80 |
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Mr. Hoai Anh Thi Huynh |
Vietnam |
10 |
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Mr. Tai Duc Huynh |
Vietnam |
10 |
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 63.64 |
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1 |
INR 89.32 |
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Euro |
1 |
INR 78.45 |
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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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DIV |
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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
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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
·
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.