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MIRA INFORM REPORT
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Report No. : |
497739 |
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Report Date : |
23.03.2018 |
IDENTIFICATION DETAILS
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Name : |
TLD VIETNAM IMPORT EXPORT JSC |
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Registered Office : |
7Fl Coma Bldg 125D Minh Khai Minh Khai Ward, Hai
Ba Trung Dist, Hanoi |
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Country : |
Vietnam |
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Date of Incorporation : |
21.07.2016 |
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Com. Reg. No.: |
0107571302 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Quarrying of ornamental and
building stone, limestone, gypsum, chalk
and slate |
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No. of Employees : |
10 |
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 : |
Relatively new business |
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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
Summary
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Business Name |
TLD VIETNAM IMPORT EXPORT JSC |
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Country |
VIET NAM |
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Company Registration Number |
0107571302 |
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Main Activity Code |
0811 |
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Main Activity Description |
Quarrying of ornamental and
building stone, limestone, gypsum, chalk
and slate |
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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 |
TLD VIETNAM IMPORT EXPORT JSC |
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Registered Company Name |
TLD VIETNAM IMPORT EXPORT JSC |
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Company Registration Number |
0107571302 |
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Country |
VIET NAM |
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VAT Registration Number |
0107571302 |
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VAT Registration Date |
2016-07-21 |
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Date of Company Registration |
2016-09-21 |
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Date of Starting Operations |
2016-09-21 |
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Commercial Court |
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Legal Form |
Joint Stock Company |
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Type of Ownership |
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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] 24-32002146 |
Main
Address
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Address |
Country |
Telephone |
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7Fl Coma Bldg 125D Minh Khai
Minh Khai Ward, Hai Ba Trung Dist,
Hanoi |
VIET NAM |
[+84] 24-32002146 |
Other
Address
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Address |
Country |
Telephone |
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No other addresses for this
company. |
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Previous
Address
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Address |
Country |
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No previous addresses for this
company. |
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Activities
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Activity Code |
Activity Description |
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0811 |
Quarrying of ornamental and building
stone, limestone, gypsum, chalk and slate |
Email
Addresses
info@tldvietnam.com
Web
Pages
http://www.tldvietnam.com
Employee
Information
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Date Reported |
Number of Employees |
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2018 |
10 |
Banker
Information
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Banker Name |
Banker Address |
Phone Number |
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No banker information for this
company. |
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Advisors
Information
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Auditor Name |
Solicitor Name |
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No advisor information for this
company. |
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Miscellaneous
Information
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Miscellaneous Information |
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Fax Number |
[+84]
24-32004736 |
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Export Countries |
Asia
/ Pacific, Bangladesh, India, Indonesia, Philippines |
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Import Countries |
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Additional Business Information |
Core Business: The primary business focus of TLD VIETNAM
IMPORT EXPORT JSC is Exporting - Finished products. Key product include:
Limestone powder. |
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Additional Payment Information |
Selling: Type: Export Terms: Telegraphic Transfer
(T/T) - Received at time of transaction, Letter of Credit (At-sight). Purchasing:
Type: Local Terms: 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 |
10 |
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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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Primary
Business Activity |
Exporter |
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Key
Industry |
Construction
& Construction Materials |
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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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Primary
Products (Products / Materials / Services Description: Activity) |
Limestone
powder: Exporting |
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Domestic
Sales & Purchases |
Annual
Sales Analysis: Percentage International Sales (Export): 100% Annual
Purchases Analysis: Percentage Local Purchases: 100% |
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Reputation |
Due
to the recent incorporation of the TLD VIETNAM IMPORT EXPORT 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: No Record Found |
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Office
& Facilities |
The
following information relates to the Business Entity's office as listed above:
Name: TLD VIETNAM IMPORT EXPORT JSC - HAI BA TRUNG DIST, HANOI Primary Use:
Office & Administration facilities Address: 7Fl Coma Bldg 125D Minh Khai
Minh Khai Ward, Hai Ba Trung Dist, Hanoi Country: Vietnam Status: Operational |
Financial
Information
No financial information for this
company.
Current
Directors
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Name |
Gender |
Address |
Date of |
Position |
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Birth |
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Truong Van Luyen |
Male |
Vietnamese |
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Chairman |
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Anh Tuan Duong |
Male |
Vietnamese |
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Chief Accountant |
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Tu Thanh Duong |
Male |
Vietnamese |
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Managing Director |
Previous
Directors
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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
Nominal
Share Capital 4.900.000.000
Issued
Share Capital
Shareholders
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Shareholder |
Address |
% Shares Held |
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Mr. Truong Van Luyen |
Vietnam |
50 |
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Mr. Tu Thanh Duong |
Vietnam |
49 |
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Mr. Anh Tuan Duong |
Vietnam |
0.1 |
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 65.06 |
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1 |
INR 92.06 |
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Euro |
1 |
INR 80.37 |
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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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VIV |
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Report Prepared
by : |
TRU |
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
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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.