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MIRA INFORM REPORT
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Report No. : |
497531 |
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Report Date : |
24.03.2018 |
IDENTIFICATION DETAILS
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Name : |
BU DANG CASHEW ONE MEMBER
CO LTD |
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Registered Office : |
Nguyen Thi Minh Khai St
Due Lap Area Due Phong Town, Bu Dang Dist, Binh Phuoc |
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Country : |
Vietnam |
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Date of Incorporation : |
21.07.2014 |
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Com. Reg. No.: |
3801079913 |
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Legal Form : |
Private Company with
Limited Liability |
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Line of Business : |
Growing of citrus fruits |
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No. of Employees : |
15 [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 : |
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 |
BU DANG
CASHEW |
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Country |
VIET NAM |
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Company
Registration Number |
3801079913 |
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Main
Activity Code |
0123 |
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Main
Activity Description |
Growing
of citrus fruits |
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Company
Status |
Normal
(Active) |
Basic
Information
|
Business
Name |
BU DANG
CASHEW |
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Registered
Company Name |
BU DANG
CASHEW ONE MEMBER CO LTD |
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Company
Registration Number |
3801079913 |
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Country |
VIET NAM |
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VAT
Registration Number |
3801079913 |
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VAT Registration
Date |
2014-07-21 |
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Date of
Company Registration |
2014-07-22 |
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Date of
Starting Operations |
2014-07-22 |
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Legal
Form |
Private
Company with Limited Liability |
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Company
Status |
Normal
(Active) |
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Contact
Telephone Number |
[+84]-962113377 |
Main
Address
|
Address |
Country |
Telephone |
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Nguyen
Thi Minh Khai St Due Lap Area Due Phong Town, Bu Dang Dist, Binh Phuoc |
VIET NAM |
[+84]-962113377 |
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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0123 |
Growing
of citrus fruits |
Email
Addresses
n/a
Web Pages
n/a
Employee
Information
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Date
Reported |
Number
of Employees |
|
2018 |
15 |
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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Export
Countries |
Asia /
Pacific ,Europe,North America,USA |
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Additional
Business Information |
Core Business The primary business focus of BU DANG CASHEW ONE MEMBER
CO LTD is Manufacturing -Finished products. Key product include : Cashews An
integral part of the core business includes: Distribution Supplementary
Business In addition to the core business, BU DANG CASHEW ONE MEMBER CO LTD
also is engaged in the following areas of business: Exporting Exporting -
Finished products |
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Additional
Payment Information |
Selling
Type Terms 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 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 |
15 |
Additional
Miscellaneous Information
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Issuing
Authority |
Dept. Of
planning & investment - vinh phuc |
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Note |
(1) Legal status of the English corporate name The English name of the
Subject Business Entity (SBE) is a randomly selected translation /
transliteration made by the owners of the SBE. It is not a registered English
corporate name,but simply a translation / transliteration of the local
language name. |
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Primary
Products |
Products / Materials / Services Description Activity Cashews
Manufacturing, Exporting |
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Harmonized
Product Classification And Activity (Product/Service Description Code
Activity) |
Cashews, prepared or preserved nesoi 2008191040 Manufacturing,
Exporting |
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Domestic
Sales And Purchases |
Annual Sales Analysis Percentage Domestic Sales 60% International
Sales (Export) 40%. Annual Purchases Analysis Percentage Local Purchases 100%
Imports 0% |
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Reputation |
Reference checking for the purpose of establishing BU DANG CASHEW ONE
MEMBER 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 No record found Debt No record found Civil
litigation No record found Performance defaults No record found Adverse local
media coverage / adverse filing history No record found |
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Office
And facilities |
The following information relates to the Business Entity's office as listed
above:Name:BU DANG CASHEW ONE MEMBER CO LTD - BU DANG DIST, BINH PHUOCPrimary
Use:Office & Administration facilities Other Use:This facility is also
used for Manufacturing Address:Nguyen Thi Minh Khai St Duc Lap Area Duc Phong Town, Bu Dang Dist, Binh PhuocCountry:Vietnam Status:Operational |
Financial
Information
No
financial information for this company.
Current Directors
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Name |
Gender |
Date of Birth |
Position |
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Yen Tan Nguyen |
Male |
1984-03-17
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Managing Director |
Previous Directors
No previous directors for this company.
Share
Capital Structure
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Nominal
Share Capital |
190.000.000.000 |
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Issued
Share Capital |
190.000.000.000 |
Shareholders
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Shareholder |
Address |
% Shares
Held |
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Mr. Yen
Tan Nguyen |
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 65.13 |
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1 |
INR 91.95 |
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Euro |
1 |
INR 80.34 |
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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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PRI |
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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.