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MIRA INFORM REPORT
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Report No. : |
508499 |
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Report Date : |
16.05.2018 |
IDENTIFICATION DETAILS
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Name : |
NGOC VIET JSC |
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Registered Office : |
Cau Vat Area Hop Thinh Commune, Hiep Hoa Dist, Bac Giang |
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Country : |
Viet Nam |
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Date of Incorporation : |
09.11.2007 |
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Com. Reg. No.: |
2400389144 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Subject involved in the sale of agricultural raw materials, live
animals, textile raw materials and semi-
finished goods |
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No. of Employees : |
100 |
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 |
NGOC VIET JSC |
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Country |
VIET NAM |
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Company Registration Number |
2400389144 |
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Main Activity Code |
4611 |
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Main Activity Description |
Agents involved in the sale of agricultural raw materials, live animals, textile raw materials and semi- finished goods |
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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 |
NGOC VIET JSC |
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Registered Company Name |
NGOC VIET JSC |
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Company Registration Number |
2400389144 |
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Country |
VIET NAM |
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VAT Registration Number |
2400389144 |
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VAT Registration Date |
2007-11-12 |
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Date of Company Registration |
2014-10-22 |
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Date of Starting Operations |
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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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Contact Telephone Number |
n/a |
Main
Address
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Address |
Country |
Telephone |
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Cau Vat Area Hop Thinh Commune, Hiep Hoa Dist, Bac Giang |
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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4611 |
Agents involved in the sale of agricultural raw materials, live
animals, textile raw materials and semi-
finished goods |
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 100 |
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 |
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Import Countries |
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Additional Business Information |
Core Business: The primary business focus of NGOC VIET JSC is Manufacturing - Finished products. Key product include : Processed agricultural product; An integral part of the core business includes: Distribution. |
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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 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 |
100 |
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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 |
Manufacturer |
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Key Industry |
Agricultural Products |
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Registered Legal Address |
Cau Vat Area Hop Thinh Commune, Hiep Hoa Dist, Bac Giang |
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Issuing Authority |
DEPT. OF PLANNING & INVESTMENT - Bac Giang |
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Legal Form Category |
Joint Stock Company |
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Legal Form Abbreviation |
JSC |
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Capital |
US$ 1,317,360 |
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Operational Status of Business |
Normal |
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Note |
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. In Vietnam, when changes occur in the statutory records of an existing company, a new business license number is issued which links the new changes to a new license number. Such changes have occurred with the Subject Business Entity. Accordingly, there are two different "Dates of Registration", one being the original Date of Registration, and the other being the most recent Date of issuance of the new License. Details of the various previous License dates (if available) and the corresponding License numbers, are listed in PREVIOUS BUSINESS LICENSE/S below. |
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Tax Issuing Authority |
MINISTRY OF FINANCE |
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Local Name Used |
Gia Trj Gia Tang (Value Added Tax) |
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Acronym |
GTGT / VAT |
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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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Previous Business License/S |
License Date License No. 9 Nov, 2007; 200300268 |
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Domestic Sales and Purchases (Annual Domestic Sales: Percentage) |
Domestic Sales 100%; (Annual Purchases Analysis: Percentage) Local Purchases; 100%. |
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Reputation |
Due to the prevailing circumstances regarding the status of NGOC VIET JSC, assessment of reputation is not relevant. |
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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: NGOC VIET JSC - HIEP HOA DIST, BAC GIANG; Primary Use: Office & Administration facilities; Address: Cau Vat Area Hop Thinh Commune, Hiep Hoa Dist, Bac Giang; Country: Vietnam; Status: Operational. |
Primary
Products
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Products / Materials / Services Description Activity |
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Processed agricultural product Manufacturing |
Financial
Information
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No financial information for this company. |
Current
Directors
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Name |
Gender |
Address |
Date of Birth |
Position |
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Tuan Duc Do |
Male |
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1980-05-19 |
Managing Director |
previous
directors
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No previous directors for this company. |
Share
Capital Structure
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Nominal Share Capital 30.000.000.000 |
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Issued Share Capital |
Shareholders
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Shareholder |
Address |
% Shares Held |
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UNDISCLOSED SHAREHOLDERS |
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70 |
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Son Truong Nguyen |
Vietnam |
30 |
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 60.53 |
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1 |
INR 91.49 |
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Euro |
1 |
INR 80.53 |
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VND |
1 |
INR 0.0030 |
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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NIS |
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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.