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MIRA INFORM REPORT
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Report No. : |
497878 |
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Report Date : |
24.03.2018 |
IDENTIFICATION DETAILS
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Name : |
ANH CHAU PRODUCTION AND TRADING CO LTD |
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Registered Office : |
430 Tran Phu St Nam Sach Town, Nam Sach Dist, Hai Duong |
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Country : |
Vietnam |
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Financials (as on) : |
December 2015 |
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Date of Incorporation : |
16.07.2008 |
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Com. Reg. No.: |
0800455609 |
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Legal Form : |
Company Limited |
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Line of Business : |
Manufacture of Perfumes and Toilet Preparations |
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No. of Employees : |
10 [2018] |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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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 (30.09.2017) |
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 |
ANH CHAU PRODUCTION AND TRADING CO LTD |
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Country |
VIET NAM |
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Company Registration Number |
0800455609 |
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Main Activity Code |
2042 |
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Main Activity Description |
Manufacture of perfumes and toilet preparations |
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Company Status |
Normal (Active) |
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Latest Turnover Figure |
- |
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Latest Shareholder Equity Figure |
5.778.000.000 |
Basic
Information
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|
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Business Name |
ANH CHAU PRODUCTION AND TRADING CO LTD |
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Registered Company Name |
ANH CHAU PRODUCTION AND TRADING CO LTD |
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Company Registration Number |
0800455609 |
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Country |
VIET NAM |
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VAT Registration Number |
0800455609 |
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VAT Registration Date |
2008-07-16 |
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Date of Company Registration |
2008-07-16 |
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Date of Starting Operations |
2008-07-16 |
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Commercial Court |
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Legal Form |
Company Limited |
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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 |
Main
Address
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||
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Address |
Country |
Telephone |
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430 Tran Phu St Nam Sach Town, Nam Sach Dist, Hai
Duong |
VIET NAM |
N/A |
Other
Address
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No other addresses for this company. |
Previous
Address
|
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No previous addresses for this company. |
Activities
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Activity Code
Activity Description |
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2042 Manufacture of perfumes and
toilet preparations |
Email
Addresses
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No email for this company. |
Web
Pages
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No web pages for this company. |
Employee
Information
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Date Reported Number of Employees |
|
2018 10 |
Banker
Information
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No banker information for this company. |
Advisors
Information
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No advisor information for this company. |
Miscellaneous
Information
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Fax Number |
N/A |
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Export Countries |
Asia / Pacific, India. |
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Import Countries |
|
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Additional Business Information |
Core Business; The
primary business focus of ANH CHAU PRODUCTION AND TRADING CO LTD is
Manufacturing - Finished products. Key product include: Essential oil,
An integral part of the core business includes:
Distribution, Supplementary Business, In addition to the core
business, ANH CHAU PRODUCTION AND TRADING
CO LTD also is engaged
in the following areas of business: 1. Exporting, Exporting - Finished products |
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Additional Rating Information |
Average Credit Quality: Credit can proceed
ONLY on strict
financing terms. Proposed Credit Limit: No Recommendation,
Revision of Credit Limit : Periodic /quarterly, Risk Index: Medium. |
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Additional Payment Information |
Selling Type; Export
Terms; Telegraphic Transfer (T/T) - Received at time of transactionLetter of Credit (At- sight) Purchasing Type; Local
Terms; Credit - Unsecured 30~60
days, Cash on delivery (COD). |
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Additional Financial Information |
Financial Statements were prepared as at 31.12.15
and 31.12.14. 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 |
10 |
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Number of Employees at Group |
|
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Number of Employees at Factory |
|
Additional
Miscellaneous Information
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Name in Local Language |
CÔNG TY TNHH MỘT THÀNH VIÊN SẢN XUẤT
VÀ THƯƠNG MẠI ANH CHÂU. |
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Primary Business Activity |
Manufacturer. |
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Issuing Authority |
DEPARTMENT OF PLANNING & INVESTMENT - Hanoi. |
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Legal Form - Category |
Private Company with Limited Liability. |
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Capital |
US$ 21,960 |
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Tax Issuing Authority |
MINISTRY OF FINANCE. |
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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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Primary Products (Products / Materials / Services Description; Activity) |
Essential oils; Manufacturing, Exporting. |
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Domestic Sales and Purchases (Annual Sales Analysis; Percentage)
(Annual Purchases Analysis; Percentage) |
International Sales (Export): 100%, Local
Purchases; 100%. |
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Reputation |
Reference checking for the purpose
of establishing ANH CHAU PRODUCTION AND TRADING CO LTD's reputation within the respective industry failed to
reveal any adverse information. |
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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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Office and Facilities |
Name: ANH CHAU PRODUCTION AND TRADING CO LTD - NAM
SACH DIST, HAI DUONG, Primary Use: Office & Administration facilities, Address: 430
Tran Phu St Nam Sach
Town, Nam Sach
Dist, Hai Duong,
Country: Vietnam, Status: Operational. |
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Warehousing Facilities |
Name: ANH CHAU PRODUCTION AND
TRADING CO LTD - NAM SACH DIST, HAI DUONG,
Address: Minh Tan Hamlet, Nam Sach Dist, Hai Duong, Country:
Vietnam, Status: Operational. |
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Financial Year |
2015-12 |
2014-12 |
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Number of Weeks |
52 |
52 |
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Currency |
VND |
VND |
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Consolidated Accounts |
No |
No |
Profit
and Loss
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Revenue |
31.500.000.000 |
21.066.000.000 |
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Operating Costs |
28.350.000.000 |
18.960.000.000 |
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Operating Profit |
3.150.000.000 |
2.107.000.000 |
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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 |
10.000.000 |
- |
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Financial Expenses |
177.000.000 |
25.000.000 |
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Extraordinary Income |
- |
- |
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Extraordinary Costs |
1.158.000.000 |
508.000.000 |
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Profit before Tax |
1.825.000.000 |
1.574.000.000 |
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Tax |
365.000.000 |
346.000.000 |
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Profit after Tax |
1.460.000.000 |
1.227.000.000 |
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Dividends |
- |
- |
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Minority Interests |
- |
- |
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Other Appropriations |
- |
- |
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Retained Profit |
1.460.000.000 |
1.227.000.000 |
Balance
Sheet
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Land & Buildings |
0 |
0 |
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Plant & Machinery |
0 |
0 |
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Other Tangible Assets |
0 |
0 |
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Total Tangible Assets |
1.266.000.000 |
1.380.000.000 |
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Goodwill |
0 |
0 |
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Other Intangible Assets |
0 |
0 |
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Total Intangible Assets |
0 |
0 |
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Investments |
0 |
0 |
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Loans to Group |
0 |
0 |
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Other Loans |
0 |
0 |
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Miscellaneous Fixed Assets |
18.000.000 |
0 |
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Total Other Fixed Assets |
18.000.000 |
0 |
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Total Fixed Assets |
1.478.000.000 |
1.573.000.000 |
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Raw Materials |
0 |
0 |
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Work in Progress |
0 |
0 |
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Finished Goods |
0 |
0 |
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Other Inventories |
0 |
0 |
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Total Inventories |
4.977.000.000 |
4.601.000.000 |
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Trade Receivables |
1.244.000.000 |
1.303.000.000 |
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Group Receivables |
0 |
0 |
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Receivables Due after 1 year |
0 |
0 |
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Miscellaneous Receivables |
193.000.000 |
193.000.000 |
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Total Receivables |
1.437.000.000 |
1.496.000.000 |
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Cash |
2.826.000.000 |
510.000.000 |
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Other Current Assets |
0 |
0 |
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Total Current Assets |
9.328.000.000 |
6.480.000.000 |
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Total Assets |
10.806.000.000 |
8.053.000.000 |
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Trade Payables |
808.000.000 |
326.000.000 |
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Bank Liabilities |
0 |
0 |
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Other Loans or Finance |
3.940.000.000 |
2.574.000.000 |
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Group Payables |
0 |
0 |
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Miscellaneous Liabilities |
279.000.000 |
50.000.000 |
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Total Current Liabilities |
5.027.000.000 |
2.950.000.000 |
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Trade Payables After 1 Year |
0 |
0 |
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Bank Liabilities After 1 Year |
0 |
0 |
|
Other Loans or Finance due after 1 year |
0 |
785.000.000 |
|
Group Payables After 1 Year |
0 |
0 |
|
Miscellaneous Liabilities Due After 1 Year |
0 |
0 |
|
Total Long Term Liabilities |
0 |
785.000.000 |
|
Total Liabilities |
5.027.000.000 |
3.735.000.000 |
|
Called Up Share Capital |
500.000.000 |
500.000.000 |
|
Share Premium |
0 |
0 |
|
Revenue Reserves |
5.278.000.000 |
3.818.000.000 |
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Other Reserves |
0 |
0 |
|
Total Shareholders Equity |
5.778.000.000 |
4.318.000.000 |
Other
Financials
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||
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Contingent Liabilities |
||
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Working Capital |
4.301.000.000 |
3.530.000.000 |
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Net Worth |
0 |
0 |
Ratios
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Pre Tax Profit Margin |
5.79 |
7.47 |
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Return On Capital Employed |
|
30.84 |
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Return On Total Assets Employed |
16.89 |
19.55 |
|
Return On Net Assets Employed |
31.59 |
36.45 |
|
Sales / Net Working Capital |
7.32 |
5.97 |
|
Stock Turnover Ratio |
15.8 |
21.84 |
|
Debtor Days |
14.41 |
22.58 |
|
Creditor Days |
9.36 |
5.65 |
|
Current Ratio |
1.86 |
2.2 |
|
Liquidity Ratio Or Acid Test |
0.87 |
0.64 |
|
Current Debt Ratio |
0.87 |
0.68 |
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Gearing |
||
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Equity In Percentage |
||
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Total Debt Ratio |
0.87 |
0.86 |
Additional
Financials
|
|
Gross Profit |
Current
Directors
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|||
|
Name |
Gender |
Position |
|
|
Cong Thanh Vu |
Male |
Managing Director |
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Previous
Directors
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No previous directors for this company. |
Share
Capital Structure
|
|
Nominal Share Capital 500.000.000 |
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Issued Share Capital 500.000.000 |
Shareholders
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||
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Shareholder |
Address |
% Shares Held |
|
Cong Thanh 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
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.13 |
|
|
1 |
INR 91.95 |
|
Euro |
1 |
INR 80.34 |
|
VND |
1 |
INR 0.0029 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIY |
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Report Prepared
by : |
TPT |
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 |
|
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.