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MIRA INFORM REPORT
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Report No. : |
486881 |
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Report Date : |
30.01.2018 |
IDENTIFICATION DETAILS
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Name : |
SOUTHLAND INTERNATIONAL PTE LTD |
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Registered Office : |
Nha Xuong So 1 Lot T3
KCN Long Hau Mo Rong Hamlet 3
Long Hau Commune, Can Duoc, Long An |
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Country : |
Vietnam |
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Financials (as on) : |
December 2016 |
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Date of Incorporation : |
05.10.2016 |
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Com. Reg. No.: |
1101832479 |
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Legal Form : |
Private Company with Limited
Liability |
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Line of Business : |
Manufacture of synthetic rubber
in primary forms |
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No. of Employees : |
150 |
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 : |
Slow |
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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) |
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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 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.
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Source
: CIA |
Company
Summary
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Business Name |
SOUTHLAND INTERNATIONAL PTE LTD |
|
Country |
VIET NAM |
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Company Registration Number |
1101832479 |
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Main Activity Code |
2017 |
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Main Activity Description |
Manufacture of synthetic rubber in
primary forms |
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Company Status |
Normal (Active) |
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Latest Turnover Figure |
- |
|
Latest Shareholder Equity Figure |
85.202.000.000 |
Basic
Information
|
Business Name |
SOUTHLAND INTERNATIONAL PTE LTD |
|
Registered Company Name |
SOUTHLAND INTERNATIONAL PTE LTD |
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Company Registration Number |
1101832479 |
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Country |
VIET NAM |
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VAT Registration Number |
[+84]-988737433 |
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VAT Registration Date |
2016-10-05 |
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Date of Company Registration |
2016-10-05 |
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Date of Starting Operations |
2016-10-05 |
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Commercial Court |
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Legal Form |
Private Company with Limited Liability |
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Type of Ownership |
|
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Company Status |
Normal (Active) |
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Principal Activity Code |
|
|
Principal Activity Description |
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Contact Telephone Number |
N/A, [+84]-988737433 |
Main Address
|
Address |
Country |
Telephone |
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Nha Xuong So 1 Lot T3
KCN Long Hau Mo Rong Hamlet 3
Long Hau Commune, Can Duoc, Long An |
VIET NAM |
N/A, [+84]-988737433 |
Other
Address
|
Address |
Country |
Telephone |
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No other addresses for this
company. |
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Previous
Address
|
Address |
Country |
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No previous addresses for this
company. |
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Activities
|
Activity Code |
Activity Description |
|
2017 |
Manufacture of synthetic rubber in
primary forms |
Email
Addresses
williamtran@southland-international.com
Web
Pages
No web pages for this company.
Employee
Information
|
Date Reported |
Number of Employees |
|
2018 |
150 |
Banker
Information
|
Banker Name |
Banker Address |
Phone Number |
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JOINT STOCK COMMERCIAL BANK FOR
INVESTMENT & DEVELOPMENT OF VIETNAM |
Nha Be |
BIDVVNVX |
Advisors
Information
|
Auditor Name |
Solicitor Name |
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No advisor information for this company. |
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Miscellaneous
Information
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Fax
Number |
N/A |
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Export
Countries |
Asia
/ Pacific, Europe, North America, China, India, USA. |
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Import
Countries |
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Additional
Business Information |
Core Business: The primary business focus of SOUTHLAND
INTERNATIONAL PTE LTD is Manufacturing -Finished products. Key products
include: Natural rubber, Plastic products, Resin, Rubber products, Synthetic
rubber. An integral part of the core business includes: Distribution.
Supplementary Business: In addition to the core business, SOUTHLAND
INTERNATIONAL PTE 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: Telegraphic Transfer (T/T) -Received at time of
transaction, Letter of Credit (At-sight). Purchasing: Local: Credit -
Unsecured 30~60 days, Cash on delivery (COD). |
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Additional
Financial Information |
Financial statement were prepared as at 2016-12-01.
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. Although basic financials were
obtained for reference. |
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Number
of Employees at Address |
150 |
|
Number
of Employees at Group |
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|
Number
of Employees at Factory |
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Additional Miscellaneous Information
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Issuing
Authority |
Dept. Of Planning & Investment - Long An |
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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. |
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Domestic
Sales & Purchases |
Annual Sales Analysis: Domestic Sales: 20%, International
Sales (Export): 80%. Annual Purchases Analysis: Local Purchases: 100%. |
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Reputation |
Due to the recent incorporation of the SOUTHLAND
INTERNATIONAL PTE 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. |
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Bank
Details |
Bank Name: VIETNAM EXPORT IMPORT COMMERCIAL JOINT
STOCK BANK, Global Identifier: 32408823, Branch: VIETNAM EXPORT IMPORT
COMMERCIAL JOINT STOCK BANK - SAI GON, Branch Address: Sai Gon, SWIFT Code:
EBVIVNVX. |
Financial
|
Financial Year |
2016-12 |
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Number of Weeks |
52 |
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Currency |
VND |
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Consolidated Accounts |
No |
Profit and Loss
|
Revenue |
295.674.000.000 |
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Operating Costs |
270.992.000.000 |
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Operating Profit |
24.682.000.000 |
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Wages & Salaries |
- |
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Pension Costs |
- |
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Depreciation |
- |
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Amortisation |
- |
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Financial Income |
1.258.000.000 |
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Financial Expenses |
3.000.000 |
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Extraordinary Income |
- |
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Extraordinary Costs |
7.550.000.000 |
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Profit before Tax |
18.387.000.000 |
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Tax |
- |
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Profit after Tax |
18.387.000.000 |
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Dividends |
- |
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Minority Interests |
- |
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Other Appropriations |
- |
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Retained Profit |
18.387.000.000 |
Balance
Sheet
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Land & Buildings |
0 |
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Plant & Machinery |
0 |
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Other Tangible Assets |
12.498.000.000 |
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Total Tangible Assets |
12.498.000.000 |
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Goodwill |
0 |
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Other Intangible Assets |
137.000.000 |
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Total Intangible Assets |
137.000.000 |
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Investments |
4.466.000.000 |
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Loans to Group |
0 |
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Other Loans |
0 |
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Miscellaneous Fixed Assets |
0 |
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Total Other Fixed Assets |
4.466.000.000 |
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Total Fixed Assets |
17.101.000.000 |
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Raw Materials |
0 |
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Work in Progress |
0 |
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Finished Goods |
0 |
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Other Inventories |
0 |
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Total Inventories |
211.779.000.000 |
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Trade Receivables |
160.995.000.000 |
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Group Receivables |
0 |
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Receivables Due after 1 year |
0 |
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Miscellaneous Receivables |
0 |
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Total Receivables |
160.995.000.000 |
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Cash |
2.384.000.000 |
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Other Current Assets |
22.935.000.000 |
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Total Current Assets |
398.093.000.000 |
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Total Assets |
415.194.000.000 |
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Trade Payables |
5.729.000.000 |
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Bank Liabilities |
0 |
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Other Loans or Finance |
82.686.000.000 |
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Group Payables |
0 |
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Miscellaneous Liabilities |
241.577.000.000 |
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Total Current Liabilities |
329.992.000.000 |
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Trade Payables After 1 Year |
0 |
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Bank Liabilities After 1 Year |
0 |
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Other Loans or Finance due
after 1 year |
0 |
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Group Payables After 1 Year |
0 |
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Miscellaneous Liabilities Due After
1 Year |
0 |
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Total Long Term Liabilities |
0 |
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Total Liabilities |
329.992.000.000 |
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Called Up Share Capital |
66.817.000.000 |
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Share Premium |
0 |
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Revenue Reserves |
18.385.000.000 |
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Other Reserves |
0 |
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Total Shareholders Equity |
85.202.000.000 |
Other Financials
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Contingent Liabilities |
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Working Capital |
68.101.000.000 |
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Net Worth |
85.065.000.000 |
Ratios
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Pre Tax Profit Margin |
6.22 |
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Return On Capital Employed |
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Return On Total Assets Employed |
4.43 |
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Return On Net Assets Employed |
21.58 |
|
Sales / Net Working Capital |
4.34 |
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Stock Turnover Ratio |
71.63 |
|
Debtor Days |
198.74 |
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Creditor Days |
7.07 |
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Current Ratio |
1.21 |
|
Liquidity Ratio Or Acid Test |
0.56 |
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Current Debt Ratio |
3.87 |
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Gearing |
|
|
Equity In Percentage |
20.53 |
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Total Debt Ratio |
3.87 |
Additional Financials
|
Gross Profit |
Current
Directors
|
Name |
Gender |
Address |
Date of Birth |
Position |
|
Tung Ngoc Tran |
Male |
|
1979-06-14 |
Managing Director |
Previous
Directors
|
Name |
Gender |
Address |
Date of Birth |
Position |
Resignation Date |
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No previous directors for this
company. |
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Share
Capital Structure
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Nominal Share Capital |
66.900.000.000 |
|
Issued Share Capital |
|
Shareholders
|
Shareholder |
Address |
% Shares Held |
|
ALPHA COMMODITIES PTE LTD |
Singapore |
51 |
|
Mr. Phermtirasarn Vong |
Thailand |
18 |
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Mr. Tung Ngoc Tran |
Vietnam |
10 |
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Mr. Christian Tollkuehn |
Germany |
8 |
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Mr. Thiam-Chye Lim |
Singapore |
8 |
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Mr. Tze-Kheng Ng |
Singapore |
3 |
|
Mr. Ricoh |
Singapore |
2 |
Ultimate
Holding Parent
|
Name |
Type |
OfficeType |
Status |
RegistrationNumber |
VatNumber |
Address |
PhoneNumber |
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No Ultimate Holding Parent for
this company. |
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Immediate
Holding Parent
|
Name |
Status |
Registration Number |
Address |
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ALPHA COMMODITIES PTE LTD |
Active |
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Peninsula Plaza 111 North Bridge
Rd #17-01 179098 |
Subsidaries
|
Name |
Status |
Registration Number |
Address |
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No subsidaries for this company. |
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Affiliates
|
Name |
Status |
Registration Number |
Address |
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No affiliates for this company. |
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Negative
Information
No negative information for this
company
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.55 |
|
|
1 |
INR 89.82 |
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Euro |
1 |
INR 78.87 |
|
VND |
1 |
INR 0.0028 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIS |
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|
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Report Prepared
by : |
TRU |
RATING EXPLANATIONS
|
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 |
|
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 |
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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.