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MIRA INFORM REPORT
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Report No. : |
506980 |
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Report Date : |
10.05.2018 |
IDENTIFICATION DETAILS
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Name : |
TMN TRADING CO LTD |
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Registered Office : |
502/11/24 Huynh
Tan Phat St Binh Thuan Ward, District 7, Ho Chi Minh |
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Country : |
Viet Nam |
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Date of Incorporation : |
03.07.2013 |
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Com. Reg. No.: |
0312351934 |
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Legal Form : |
Private Company
with Limited Liability |
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Line of Business : |
·
Manufacture
of other electrical equipment ·
Wholesale
of other machinery and equipment |
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No. of Employees : |
7 |
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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Viet Nam |
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 |
VIET NAM - 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. Vietnam exceeded its 2017 GDP growth target of 6.7% with growth of 6.8%, primarily due to unexpected increases in 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 (which the EU has not yet ratified), 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 signed the Comprehensive and Progressive Agreement for the Transpacific Partnership in 2018 and continued to pursue 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 despite the recent speed-up in economic growth the government remains cautious about the risk of external shocks.
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Source
: CIA |
Company
Summary
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Business Name |
TMN TRADING CO LTD |
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Country |
VIET NAM |
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Company Registration Number |
0312351934 |
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Main Activity Code |
2790 |
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Main Activity Description |
Manufacture of other
electrical equipment |
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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 |
TMN TRADING CO LTD |
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Registered Company Name |
TMN TRADING CO LTD |
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Company Registration Number |
0312351934 |
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Country |
VIET NAM |
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VAT Registration
Number |
0312351934 |
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VAT Registration
Date |
2013-07-03 |
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Date of Company
Registration |
2013-07-03 |
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Date of Starting
Operations |
2013-07-03 |
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Commercial Court |
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Legal Form |
Private Company
with Limited Liability |
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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 |
n/a,
[+84]-906921771 |
Main
Address
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Address |
Country |
Telephone |
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502/11/24 Huynh
Tan Phat St Binh Thuan Ward, District 7, Ho Chi Minh |
VIET NAM |
n/a,
[+84]-906921771 |
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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2790 |
Manufacture of
other electrical equipment |
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4669 |
Wholesale of other
machinery and equipment |
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 |
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2018 7 |
Banker
Information
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Banker Name |
Banker Address |
Phone Number |
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JOINT STOCK COMMERCIAL
BANK FOR FOREIGN TRADE OF VIETNAM |
Dien Bien Phu,
Dien Bien |
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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 |
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Import Countries |
Asia / Pacific, Europe,
Thailand, United Kingdom. |
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Additional Business Information |
Core Business: The
primary business focus of TMN TRADING CO LTD is Trading - Finished products.
Key products include: Electric machinery,. Industrial machinery, Electric
equipment. Supplementary Business: In addition to the core business, TMN
TRADING CO LTD also is engaged in the following areas of business: 1.
Importing: Importing - Finished products. |
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Additional Payment Information |
Selling: Local:
Cash on delivery (COD), Credit - Unsecured 30~60 days. 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). |
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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 |
7 |
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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 |
Trader |
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Key Industry |
Machinery |
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Registered Legal
Address |
502/11/24 Huynh Tan
Phat St Binh Thuan Ward, District 7, Ho Chi Minh |
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Issuing Authority |
Department Of
Planning And Investment - Ho Chi Minh |
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Capital |
US$ 87,858 |
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Tax / VAT Details |
Tax Issuing Authority:
MINISTRY OF FINANCE, Local Name Used: Gia Trj Gia Tang (Value Added Tax),
Acronym: GTGT / VAT. |
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Domestic Sales & Purchases |
Annual Sales
Analysis: Domestic Sales: 100%. Annual Purchases Analysis: Local Purchases:
80%, Imports: 20%. |
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Reputation |
Reference checking
for the purpose of establishing TMN 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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Bank Details |
Global Identifier:
32400479, Branch: JOINT STOCK COMMERCIAL BANK FOR FOREIGN TRADE OF VIETNAM - DIEN BIEN PHU,
DIEN BIEN, SWIFT Code: BFTVVNVX. |
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Office &
Facilities |
The following
information relates to the Business Entity's office as listed above: Name:
TMN TRADING CO LTD - DISTRICT 7, HO CHI MINH, Primary Use: Office &
Administration facilities, Address: 502/11/24 Huynh Tan Phat St Binh Thuan
Ward, District 7, Ho Chi Minh, Country: Vietnam, Status: Operational. |
Primary
Products
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Products /
Materials / Services Description |
Activity |
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Electric equipment |
Importing, Trading |
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Electric machinery |
Importing, Trading |
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Industrial
machinery |
Importing, Trading |
Financial
Information
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No financial
information for this company. |
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Current Directors |
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Name |
Gender |
Address |
Date of Birth |
Position |
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Ta Minh Nguyen |
Male |
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1985-09-01 |
Managing Director
Director |
Previous
Directors
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No previous
directors for this company. |
Share
Capital Structure
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Nominal Share
Capital 2.000.000.000 |
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Issued Share
Capital 2.000.000.000 |
Shareholders
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Shareholder |
Address |
% Shares Held |
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Mr. Ta Minh Nguyen |
Vietnam |
100 |
Group
Structure
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No group structure
information for this company |
Negative
Information
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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 67.38 |
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1 |
INR 91.09 |
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Euro |
1 |
INR 79.75 |
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TWD |
1 |
INR 2.26 |
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 : |
KET |
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
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Promoters
/ Management background
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Payment
record
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Litigation
against the subject
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Industry
scenario / competitor analysis
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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.