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MIRA INFORM REPORT
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Report No. : |
516798 |
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Report Date : |
22.06.2018 |
IDENTIFICATION DETAILS
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Name : |
GLOBAL MINERALS JSC |
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|
|
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Registered Office : |
Little Industrial Park Nghia Long Commune,
Nghia Dan, Nghe An |
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Country : |
Vietnam |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
17.06.2011 |
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Com. Reg. No.: |
2901402607 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacturer of Machinery for Mining, Quarrying and Construction. |
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No. of Employees : |
80 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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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 (31.12.2017) |
Current
Rating (01.04.2018) |
|
Vietnam |
A2 |
A2 |
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Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
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 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. Vietnam exceeded its 2017 GDP growth target of 6.7% with growth of 6.8%, primarily due to unexpected increases in 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 (which the EU has not yet ratified), 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 signed the Comprehensive and Progressive Agreement for the Transpacific Partnership in 2018 and continued to pursue 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 despite the recent speed-up in economic growth the government remains cautious about the risk of external shocks.
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Source : CIA |
Company Summary
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Business
Name |
GLOBAL |
|
Country |
VIET
NAM |
|
Company
Registration Number |
2901402607 |
|
Main
Activity Code |
2892 |
|
Main
Activity Description |
Manufacture
of machinery for mining, quarrying and
construction |
|
Company
Status |
Normal
(Active) |
|
Latest
Turnover Figure |
- |
|
Latest
Shareholder Equity Figure |
44.898.000.000 |
Basic Information
|
Business
Name |
GLOBAL |
|
Registered
Company Name |
GLOBAL
MINERALS JSC |
|
Company
Registration Number |
2901402607 |
|
Country |
VIET
NAM |
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VAT
Registration Number |
2901402607 |
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VAT
Registration Date |
2011-06-17 |
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Date
of Company Registration |
2011-06-17 |
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Date
of Starting Operations |
2011-06-17 |
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Commercial Court
|
-- |
|
Legal
Form |
Joint
Stock Company |
|
Type of Ownership
|
-- |
|
Company
Status |
Normal
(Active) |
|
Contact
Telephone Number |
[+84]
4-36367495 |
Main Address
|
Address |
Country |
Telephone |
|
Little
Industrial Park Nghia Long Commune, Nghia
Dan, Nghe An |
VIET
NAM |
[+84]
4-36367495 |
Other Address
|
Address |
Country |
Telephone |
|
17Fl
Han Viet Tower 203 Minh Khai St,
Hai Ba Trung Dist, Hanoi |
VIET
NAM |
|
|
Little
Industrial Park Nghia Long Commune, Nghia
Dan, Nghe An |
VIET NAM |
|
Previous Address
No previous
addresses for this company.
Activities
|
Activity Code |
Activity
Description |
|
2892 |
Manufacture
of machinery for mining, quarrying and
construction |
Email Addresses
No email for this company.
Web Pages
No web
pages for this company.
Employee Information
|
Date Reported |
Number
of Employees |
|
2018 |
80 |
Banker Information
|
Banker
Name |
Banker
Address |
Phone
Number |
|
JOINT STOCK COMMERCIAL
BANK FOR INVESTMENT &
DEVELOPMENT OF VIETNAM |
Transaction
Office 1 |
BIDV |
Advisors Information
No advisor information for this company.
Miscellaneous Information
|
Fax
Number |
[+84]
4-36367456 |
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Export
Countries |
Africa;
Asia / Pacific; Middle-East; Bangladesh;
India. |
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Import Countries
|
-- |
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Additional
Business Information |
Core Business. The primary business focus of GLOBAL MINERALS JSC is Manufacturing – Finished products. Key products include: Calcium carbonate; Calcite powder; Calcium carbonate powder Coated calcium carbonates; Ground calcium carbonate; Limestone powder; Lumps; Stone powders; Supplementary Business: In addition to the core business, GLOBAL MINERALS JSC also is engaged in the following areas of business: 1. Exporting; Exporting - Minerals. |
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Additional
Payment Information |
Selling Type: Terms
Local: Cash on delivery (COD);
Credit - Secured with Post-dated checks
30~60 days Export: Telegraphic Transfer (T/T)
- Received at time of transaction
Letter of Credit (At-sight). Purchasing Type: Terms Local:
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 and 31.12.15.
Year: Turnover; Assets; Net Income. 2011
Annual: 842,487; -14,738; 2012
Annual: 1,657,746; 1,893,668; 155,633.
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 |
80 |
|
Number
of Employees at Group |
-- |
|
Number
of Employees at Factory |
-- |
Additional Miscellaneous
Information
|
Primary
Business Activity |
Manufacturer |
|
Key
Industry |
Minerals
/ Mining |
|
Issuing
Authority |
DEPT.
OF PLANNING & INVESTMENT - Nghe An |
|
Legal
Form - Category |
Joint
Stock Company |
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Legal
Form - Abbreviation |
JSC |
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Capital |
US$
660,238 |
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Tax
Issuing Authority |
MINISTRY
OF FINANCE |
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Local
Name Used |
Gia
Trj Gia Tang (Value Added Tax) |
|
Acronym |
GTGT
/ VAT |
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Primary
Products (Products / Materials/ Services
Description: Activity) |
Artificial
stones; Calcite powder; Calcium carbonate;
Calcium carbonate powder; Coated calcium
carbonates: Manufacturing, Exporting |
|
Domestic
Sales & Purchases (Annual Sales Analysis:
Percentage) |
Domestic
Sales: 60%; International Sales (Export):
40% (Annual Purchases Analysis: Percentage) Local
Purchases: 100%. |
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Reputation |
Reference
checking for the purpose of establishing
GLOBAL MINERALS 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. |
|
Office
& Facilities |
Name: GLOBAL MINERALS
JSC - HAI BA TRUNG DIST, HANOI;
Primary Use: Office & Administration facilities;
Address: 17Fl Han Viet Tower 203
Minh Khai St, Hai Ba Trung Dist,
Hanoi; Country: Vietnam; Status: Operational. |
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Strategic
Partner/S & Alliances |
Group/ Alliance
name: NHAT HUY GROUP. |
|
Approved
Signatures |
Chinh
Chan Nguyen. |
Financials
|
Financial
Year |
2016-12 |
2015-12 |
|
Number
of Weeks |
52 |
52 |
|
Currency |
VND |
VND |
|
Consolidated
Accounts |
No |
No |
|
PROFIT AND
LOSS |
|
|
|
Revenue |
156.920.000.000 |
141.260.000.000 |
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Operating
Costs |
86.075.000.000 |
67.542.000.000 |
|
Operating
Profit |
70.845.000.000 |
73.718.000.000 |
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Wages
& Salaries |
- |
- |
|
Pension
Costs |
- |
- |
|
Depreciation |
- |
- |
|
Amortisation |
- |
- |
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Financial
Income |
304.000.000 |
230.000.000 |
|
Financial
Expenses |
1.070.000.000 |
845.000.000 |
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Extraordinary
Income |
1.000.000 |
73.000.000 |
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Extraordinary
Costs |
81.353.000.000 |
58.208.000.000 |
|
Profit
before Tax |
-11.273.000.000 |
14.968.000.000 |
|
Tax |
870.000.000 |
464.000.000 |
|
Profit
after Tax |
-12.143.000.000 |
14.504.000.000 |
|
Dividends |
- |
- |
|
Minority
Interests |
- |
- |
|
Other
Appropriations |
- |
- |
|
Retained
Profit |
-12.143.000.000 |
14.504.000.000 |
BALANCE SHEET
|
Land
& Buildings |
0 |
0 |
|
Plant
& Machinery |
0 |
0 |
|
Other
Tangible Assets |
0 |
0 |
|
Total
Tangible Assets |
48.339.000.000 |
30.043.000.000 |
|
Goodwill |
0 |
0 |
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Other
Intangible Assets |
0 |
0 |
|
Total
Intangible Assets |
0 |
0 |
|
Investments |
0 |
11.500.000.000 |
|
Loans
to Group |
0 |
0 |
|
Other
Loans |
0 |
0 |
|
Miscellaneous
Fixed Assets |
0 |
1.652.000.000 |
|
Total
Other Fixed Assets |
0 |
13.152.000.000 |
|
Total
Fixed Assets |
48.339.000.000 |
43.195.000.000 |
|
Raw
Materials |
0 |
0 |
|
Work
in Progress |
0 |
0 |
|
Finished
Goods |
0 |
0 |
|
Other
Inventories |
0 |
0 |
|
Total
Inventories |
2.398.000.000 |
3.400.000.000 |
|
Trade
Receivables |
28.184.000.000 |
29.646.000.000 |
|
Group
Receivables |
0 |
0 |
|
Receivables
Due after 1 year |
0 |
0 |
|
Miscellaneous
Receivables |
6.390.000.000 |
3.462.000.000 |
|
Total
Receivables |
34.574.000.000 |
33.108.000.000 |
|
Cash |
2.889.000.000 |
1.604.000.000 |
|
Other
Current Assets |
0 |
0 |
|
Total
Current Assets |
39.861.000.000 |
38.112.000.000 |
|
Total
Assets |
88.200.000.000 |
81.307.000.000 |
|
Trade
Payables |
13.815.000.000 |
7.234.000.000 |
|
Bank
Liabilities |
0 |
0 |
|
Other
Loans or Finance |
18.438.000.000 |
19.989.000.000 |
|
Group
Payables |
0 |
0 |
|
Miscellaneous
Liabilities |
5.162.000.000 |
5.590.000.000 |
|
Total
Current Liabilities |
37.415.000.000 |
32.813.000.000 |
|
Trade
Payables After 1 Year |
0 |
0 |
|
Bank
Liabilities After 1 Year |
0 |
0 |
|
Other
Loans or Finance due after 1 year |
5.887.000.000 |
3.148.000.000 |
|
Group
Payables After 1 Year |
0 |
0 |
|
Miscellaneous
Liabilities Due After 1 Year |
0 |
0 |
|
Total
Long Term Liabilities |
5.887.000.000 |
3.148.000.000 |
|
Total
Liabilities |
43.302.000.000 |
35.961.000.000 |
|
Called
Up Share Capital |
15.000.000.000 |
15.000.000.000 |
|
Share
Premium |
0 |
0 |
|
Revenue
Reserves |
30.031.000.000 |
30.346.000.000 |
|
Other
Reserves |
0 |
0 |
|
Total
Shareholders Equity |
44.898.000.000 |
45.346.000.000 |
OTHER FINANCIALS
|
Contingent
Liabilities |
|
|
|
Working
Capital |
2.446.000.000 |
5.299.000.000 |
|
Net
Worth |
0 |
0 |
RATIOS
|
Pre
Tax Profit Margin |
-7.18 |
10.6 |
|
Return
On Capital Employed |
-22.2 |
30.87 |
|
Return
On Total Assets Employed |
-12.78 |
18.41 |
|
Return
On Net Assets Employed |
-25.11 |
33.01 |
|
Sales
/ Net Working Capital |
64.15 |
26.66 |
|
Stock
Turnover Ratio |
1.53 |
2.41 |
|
Debtor
Days |
65.56 |
76.6 |
|
Creditor
Days |
32.13 |
18.69 |
|
Current
Ratio |
1.07 |
1.16 |
|
Liquidity
Ratio Or Acid Test |
1 |
1.06 |
|
Current
Debt Ratio |
0.83 |
0.72 |
|
Gearing |
|
|
|
Equity
In Percentage |
|
|
|
Total
Debt Ratio |
0.96 |
0.79 |
Current Directors
|
Name |
Gender |
Address |
Date of Birth |
Position |
|
Chinh
Chan Nguyen |
Male |
|
1977-01-01 |
Chairman |
|
Khanh
Quang Le |
Male |
|
1949-01-01 |
Managing
Director |
|
Bao
Long Sy Tong |
Male |
|
1975-01-01 |
Managing
Director |
Previous Directors
No previous directors for this company.
Share
Capital Structure
|
Nominal
Share Capital |
15.000.000.000 |
|
Issued
Share Capital |
15.000.000.000 |
Shareholders
|
Shareholder |
Address |
% Shares Held |
|
Chinh
Chan Nguyen |
Vietnam |
96 |
|
Bao
Long Sy Tong |
Vietnam |
2 |
|
Hung
Tien Nguyen |
Vietnam |
2 |
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 68.20 |
|
|
1 |
INR 89.58 |
|
Euro |
1 |
INR 78.79 |
|
VND |
1 |
INR 0.0030 |
Note:
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
SYL |
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.