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MIRA
INFORM REPORT
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Report No. : |
496198 |
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Report Date : |
17.03.2018 |
IDENTIFICATION DETAILS
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Name : |
VINA PLASTIC CO LTD |
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Registered Office : |
5 Alley
126 Me Tri Ha St Me Tri Ward,
Nam Tu Liem, Hanoi |
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Country : |
Vietnam |
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Date of Incorporation : |
09.06.2016 |
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Com. Reg. No.: |
0107467407 |
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Legal Form : |
Private
Company with Limited Liability |
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Line of Business : |
Manufacture of plastic plates, sheets,
tubes and profiles |
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No. of Employees : |
20 [2018] |
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 : |
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 (30.09.2017) |
Current Rating (31.12.2017) |
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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 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.
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Source : CIA |
Company name
VINA
PLASTIC CO LTD
Company Summary
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Business Name |
VINA PLASTIC CO LTD |
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Country |
VIET NAM |
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Company Registration Number |
0107467407 |
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Main Activity Code |
2221 |
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Main Activity Description |
Manufacture of plastic plates,
sheets, tubes and profiles |
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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 |
VINA PLASTIC CO LTD |
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Registered Company Name |
VINA PLASTIC CO LTD |
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Company Registration Number |
0107467407 |
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Country |
VIET NAM |
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VAT Registration Number |
0107467407 |
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VAT Registration Date |
2016-06-09 |
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Date of Company Registration |
2016-06-09 |
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Date of Starting Operations |
2016-06-09 |
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Commercial Court |
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Legal Form |
Private Company with Limited
Liability |
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Company Status |
Normal (Active) |
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Principal Activity Code |
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Principal Activity Description |
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Contact Telephone Number |
[+84]-983840329 |
Main Address
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Address |
Country |
Telephone |
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5 Alley 126 Me Tri Ha
St Me Tri Ward, Nam Tu Liem, Hanoi |
VIET NAM |
[+84]-983840329 |
Other Address
No other addresses for this
company.
Previous Address
No previous addresses for
this company.
Activities
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Activity Code |
Activity Description |
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2221 |
Manufacture of plastic plates,
sheets, tubes and profiles |
Email Addresses
No email for this company.
Web Pages
No web pages for this
company.
Employee Information
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Date Reported |
Number of Employees |
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2018 |
20 |
Banker Information
No banker information for
this company.
Advisors Information
No advisor information for
this company.
Miscellaneous Information
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Fax Number |
N/A |
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Additional Business Information |
Core
Business The primary business focus of
VINA PLASTIC CO LTD is Manufacturing
- Finished products. Key product include
: Plastic products An integral part of
the core business includes : Distribution/
quarterly. Risk Index : High. |
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Additional Payment Information |
Selling
Type Terms Local Cash on delivery
(COD) Credit - Unsecured 30~60 days
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 Private
Company with Limited Liability 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 |
20 |
Additional Miscellaneous Information
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Primary Business Activity |
Manufacturer |
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Key Industry |
Plastics & Products |
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Issuing Authority |
DEPARTMENT OF PLANNING &
INVESTMENT - Hanoi |
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Tax Issuing Authority |
MINISTRY OF
FINANCE |
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Note |
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, Percentage) |
Domestic
Sales 100%. Local Purchases 100% |
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Reputation |
Due to
the recent incorporation of the VINA
PLASTIC CO 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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Primary Products (Products /
Materials / Services Description: Activity) |
Plastic products: Manufacturing. |
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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Huyen Khanh Vu |
Female |
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Managing Director |
Previous Directors
No previous directors for
this company.
Share Capital Structure
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Nominal Share Capital |
4.500.000.000 |
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Issued Share Capital |
4.500.000.000 |
Shareholders
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Shareholder |
Address |
% Shares Held |
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Ms. Huyen Khanh Vu |
Vietnam |
100 |
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 64.87 |
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1 |
INR 90.49 |
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Euro |
1 |
INR 79.91 |
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VND |
1 |
INR 0.0029 |
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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NIY |
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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
·
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.