|
|
|
MIRA INFORM REPORT
|
Report No. : |
493627 |
|
Report Date : |
05.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
TAM LONG INVESTMENT AND TRADING JSC |
|
|
|
|
Registered Office : |
1039 Giai Phong St Thinh Liet
Ward, Hoang Mai Dist, Hanoi |
|
|
|
|
Country : |
Viet Nam |
|
|
|
|
Financials (as on) : |
December, 2016 |
|
|
|
|
Date of Incorporation : |
07.08.2007 |
|
|
|
|
Com. Reg. No.: |
0102332798 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Wholesale of other intermediate products |
|
|
|
|
No. of Employees : |
20 |
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 |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
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 (30.09.2017) |
Current Rating (31.12.2017) |
|
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 |
TAM LONG INVETRA |
|
Country |
VIET NAM |
|
Company Registration Number |
0102332798 |
|
Main Activity Code |
4676 |
|
Main Activity Description |
Wholesale of other
intermediate products |
|
Company Status |
Normal(Active) |
|
Latest Turnover Figure |
- |
|
Latest Shareholder Equity
Figure |
15.846.000.000 |
Basic Information
|
Business Name |
TAM LONG INVETRA |
|
Registered Company Name |
TAM LONG INVESTMENT AND
TRADING JSC |
|
Company Registration Number |
0102332798 |
|
Country |
VIET NAM |
|
VAT Registration Number |
0102332798 |
|
VAT Registration Date |
2007-08-07 |
|
Date of Company Registration |
2011-06-22 |
|
Date of Starting Operations |
2011-06-22 |
|
Legal Form |
Joint Stock Company |
|
Type of Ownership |
Registered ownership by
Subject Business Entity |
|
Company Status |
Normal(Active) |
|
Contact Telephone Number |
[+84] 24-36649372,
[+84]-904113914, [+84]-982448840 |
Main Address
|
Address |
Country |
|
Telephone |
|
1039 Giai Phong St Thinh
Liet Ward, Hoang Mai Dist, Hanoi |
VIET NAM |
|
[+84] 24-36649372, [+84]-904113914,
[+84]-982448840 |
|
Other
Address |
|
|
|
Address |
Country |
Telephone |
|
35/19 Kim Dong St,
Hoang Mai Dist, Hanoi |
VIET NAM |
|
|
Trai Trang Hamlet Yen
My Town, Yen My Dist, Hung Yen |
VIET NAM |
|
Previous
Address
|
Address |
Country |
No previous addresses for
this company.
Activities
|
Activity
Code |
Activity
Description |
|
4676 |
Wholesale of other
intermediate products |
|
2060 |
Manufacture of man-made fibres |
Email
Addresses
tamlonginjsc@gmail.com trung_tuyet@hotmail.com
Web Pages
http://www.tamlongjsc.com
Employee Information
|
Date
Reported |
Number
of Employees |
|
2018 |
20 |
Banker Information
|
Banker Name |
Banker Address |
Phone Number |
|
MILITARY COMMERCIAL JOINT
STOCK BANK |
|
MSCBVNVX |
Advisors Information
|
Auditor Name |
Solicitor Name |
|
No advisor information
for this company. |
|
Miscellaneous
Information
|
Fax Number |
[+84] 24-36649276 |
|
Export Countries |
Europe, Middle-East |
|
Import Countries |
Asia / Pacific, China |
|
Additional Business Information |
Core Business:
The primary business focus
of TAM LONG INVESTMENT AND TRADING JSC is Trading - Finished products. Key products
include: Basic shapes, Cement clinker, HDPE recycled materials, Plastic
materials, Polyester fiber, Polyester yarn, Raw chemicals, Rubber bands,
Rubber products, Rubber thread. Supplementary
Business: In addition to the core business, TAM LONG INVESTMENT AND TRADING JSC also
is engaged in the following areas of business: 1. Exporting: Exporting
- Finished products. 2. Importing: Importing - Finished products. |
|
Additional Rating Information |
Good Credit Quality: Credit can proceed on a favorable
basis but in strict adherence to financig terms. Revision of Credit Limit:
Annual. Risk Index: Low. |
|
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: Import: Letter
of Credit (At-sight), Telegraphic Transfer (T/T) - Executed at time of
transaction; Local: Credit - Unsecured 30~60 days, Cash on delivery
(COD). |
|
Additional Financial Information |
Financial statement were prepared as at 2016-12-01,
2015-12-01 and 2014-12-01. 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 |
20 |
Additional
Miscellaneous Information
|
Issuing Authority |
Department Of Planning & Investment – Hanoi |
|
Note |
(1) 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. |
|
Previous Business License/S |
License Date: 7 Aug, 2007, License No.: 0103018631 |
|
Primary Products (Products // Services
Description: Activity) |
Materials Basic shapes: Trading, Cement clinker: Trading,
HDPE recycled materials: Trading, Plastic materials: Trading, Polyester fiber: Trading. |
|
Domestic Sales & Purchases |
Annual Sales Analysis: Domestic Sales: 10%,
International Sales (Export): 90%. Annual Purchases Analysis: Local
Purchases: 40%, Imports: 60%. |
|
Capital (Date: Authorized Capital - History) |
7 Aug, 2007: 6,340,000,000; 2015: 9,900,000,000 |
|
Reputation |
Reference checking for the purpose of establishing TAM LONG
INVESTMENT AND TRADING 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 |
1. Bank
Name: VIETNAM JOINT
STOCK COMMERCIAL BANK
FOR INDUSTRY
& TRADE, Global Identifier: 32404058, SWIFT Code: ICBVVNVX. 2. Bank Name: VIETNAM PROSPERITY JOINT
STOCK COMMERCIAL BANK, Global
Identifier: P1854843, SWIFT Code: VPBKVNVX. 3. Bank Name: VIETNAM
TECHNOLOGICAL & COMMERCIAL JOINT STOCK BANK, Global Identifier: 32408999, SWIFT
Code: VTCBVNVX. |
|
Previous Contact Details |
Telephone Number: 84-4-36649372, Fax Number;
84-4-36649276 |
|
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 |
70.413.000.000 |
46.761.000.000 |
42.364.000.000 |
|
Operating Costs |
59.857.000.000 |
40.957.000.000 |
37.591.000.000 |
|
Operating Profit |
10.556.000.000 |
5.804.000.000 |
4.773.000.000 |
|
Wages & Salaries |
- |
- |
- |
|
Pension Costs |
- |
- |
- |
|
Depreciation |
- |
- |
- |
|
Amortisation |
- |
- |
- |
|
Financial Income |
130.000.000 |
99.000.000 |
1.000.000 |
|
Financial Expenses |
1.509.000.000 |
704.000.000 |
811.000.000 |
|
Extraordinary Income |
11.000.000 |
151.000.000 |
39.000.000 |
|
Extraordinary Costs |
6.726.000.000 |
2.607.000.000 |
3.839.000.000 |
|
Profit before Tax |
2.462.000.000 |
2.743.000.000 |
163.000.000 |
|
Tax |
492.000.000 |
603.000.000 |
- |
|
Profit after Tax |
1.970.000.000 |
2.140.000.000 |
163.000.000 |
|
Dividends |
- |
- |
- |
|
Minority Interests |
- |
- |
- |
|
Other Appropriations |
- |
- |
- |
|
Retained Profit |
1.970.000.000 |
2.140.000.000 |
163.000.000 |
Balance
Sheet
|
Land & Buildings |
0 |
0 |
0 |
|
Plant & Machinery |
0 |
0 |
0 |
|
Other Tangible Assets |
5.515.000.000 |
786.000.000 |
595.000.000 |
|
Total Tangible Assets |
5.515.000.000 |
786.000.000 |
595.000.000 |
|
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 |
433.000.000 |
0 |
267.000.000 |
|
Total Other Fixed Assets |
433.000.000 |
0 |
267.000.000 |
|
Total Fixed Assets |
5.948.000.000 |
786.000.000 |
862.000.000 |
|
Raw Materials |
0 |
0 |
0 |
|
Work in Progress |
0 |
0 |
0 |
|
Finished Goods |
0 |
0 |
0 |
|
Other Inventories |
0 |
0 |
0 |
|
Total Inventories |
8.503.000.000 |
7.841.000.000 |
9.574.000.000 |
|
Trade Receivables |
16.722.000.000 |
12.681.000.000 |
12.252.000.000 |
|
Group Receivables |
0 |
0 |
0 |
|
Receivables Due after 1
year |
0 |
0 |
0 |
|
Miscellaneous Receivables |
0 |
0 |
0 |
|
Total Receivables |
16.722.000.000 |
12.681.000.000 |
12.252.000.000 |
|
Cash |
3.465.000.000 |
1.798.000.000 |
916.000.000 |
|
Other Current Assets |
395.000.000 |
119.000.000 |
109.000.000 |
|
Total Current Assets |
29.085.000.000 |
22.439.000.000 |
22.851.000.000 |
|
Total Assets |
35.033.000.000 |
23.225.000.000 |
23.713.000.000 |
|
Trade Payables |
13.340.000.000 |
1.594.000.000 |
5.913.000.000 |
|
Bank Liabilities |
0 |
0 |
0 |
|
Other Loans or Finance |
0 |
8.756.000.000 |
8.349.000.000 |
|
Group Payables |
0 |
0 |
0 |
|
Miscellaneous Liabilities |
4.247.000.000 |
49.000.000 |
3.464.000.000 |
|
Total Current Liabilities |
17.587.000.000 |
10.399.000.000 |
17.726.000.000 |
|
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 |
450.000.000 |
5.000.000 |
|
Group Payables After 1
Year |
0 |
0 |
0 |
|
Miscellaneous Liabilities Due
After 1 Year |
1.600.000.000 |
0 |
0 |
|
Total Long Term Liabilities |
1.600.000.000 |
450.000.000 |
5.000.000 |
|
Total Liabilities |
19.187.000.000 |
10.849.000.000 |
17.731.000.000 |
|
Called Up Share Capital |
9.900.000.000 |
9.900.000.000 |
6.340.000.000 |
|
Share Premium |
0 |
0 |
0 |
|
Revenue Reserves |
0 |
2.476.000.000 |
-358.000.000 |
|
Other Reserves |
5.946.000.000 |
0 |
0 |
|
Total Shareholders Equity |
15.846.000.000 |
12.376.000.000 |
5.982.000.000 |
|
Other Financials |
|
|
|
|
Contingent Liabilities |
|
|
|
|
Working Capital |
11.498.000.000 |
12.040.000.000 |
5.125.000.000 |
|
Net Worth |
0 |
0 |
0 |
Ratios
|
Pre Tax Profit Margin |
3.5 |
5.87 |
0.38 |
|
Return On Capital Employed |
14.11 |
21.39 |
2.72 |
|
Return On Total Assets
Employed |
7.03 |
11.81 |
0.69 |
|
Return On Net Assets
Employed |
15.54 |
22.16 |
2.72 |
|
Sales / Net Working
Capital |
6.12 |
3.88 |
8.27 |
|
Stock Turnover Ratio |
12.08 |
16.77 |
22.6 |
|
Debtor Days |
86.68 |
98.98 |
105.56 |
|
Creditor Days |
69.15 |
12.44 |
50.95 |
|
Current Ratio |
1.65 |
2.16 |
1.29 |
|
Liquidity Ratio Or Acid
Test |
1.17 |
1.4 |
0.75 |
|
Current Debt Ratio |
1.11 |
0.84 |
2.96 |
|
Gearing |
|
|
|
|
Equity In Percentage |
|
|
|
|
Total Debt Ratio |
1.21 |
0.88 |
2.96 |
|
Additional Financials |
|
|
|
|
Gross Profit |
|
|
|
|
Credit Score |
|
|
|
|
Current Common Credit Rating |
B |
|
|
|
Current Common Rating
Description |
Low Risk |
|
|
|
Current Credit Limit |
150,000 USD |
|
|
|
Current Provider Credit Rating |
65 |
|
|
|
Current Provider Rating
Description |
Low Risk |
|
|
Current
Directors
|
Name |
Gender |
Date of
Birth |
Position |
|
Truong Huu Nguyen |
Male |
|
Chairman Director |
|
Tuyet Hong Thi Le |
Female |
|
Chief Accountant |
|
Trung Van Pham |
Male |
1974-07-05 |
Managing Director |
Previous
Directors
|
Name |
Gender |
Address |
Date of Birth |
Position |
Resignation Date |
No previous directors for
this company.
Share Capital
Structure
|
Nominal Share Capital |
9.900.000.000 |
|
|
Issued Share Capital |
9.900.000.000 |
|
|
Shareholders |
|
|
|
Shareholder |
Address |
% Shares Held |
|
Mr. Trung Van Pham |
Vietnam |
50 |
|
Mr. Truong Huu Nguyen |
Vietnam |
40 |
|
Ms. Tuyet Hong Thi Le |
Vietnam |
10 |
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 65.22 |
|
|
1 |
INR 89.71 |
|
Euro |
1 |
INR 79.50 |
|
VND |
1 |
INR 0.0029 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
SDA |
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.