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MIRA
INFORM REPORT
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Report No. : |
509008 |
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Report Date : |
18.05.2018 |
IDENTIFICATION DETAILS
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Name : |
THANH DAT JSC |
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|
|
|
Registered Office : |
72B Hung Vuong Rd Ka Long Ward, Mong Cai
Dist, Quang Ninh |
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|
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Country : |
Vietnam |
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Financials (as on) : |
December 2016 |
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Date of Incorporation : |
20.07.2001 |
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Com. Reg. No.: |
5700401976 |
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Legal Form : |
Joint Stock Company |
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|
|
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Line of Business : |
Other transportation support activities |
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|
|
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No. of Employees : |
Not Available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
C |
|
Credit Rating |
Explanation |
Rating Comments |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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Status : |
Moderate |
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|
|
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Payment Behaviour : |
Slow |
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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) |
|
Vietnam |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
|
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. 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.
|
Source
: CIA |
Company Summary
|
Business Name |
THANH DAT JSC |
|
Country |
VIET NAM |
|
Company Registration Number |
5700401976 |
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Main Activity Code |
5229 |
|
Main Activity Description |
Other transportation support activities |
|
Company Status |
(Active) |
|
Latest Turnover Figure |
- |
|
Latest Shareholder Equity Figure |
196.434.000.000 |
Basic Information
|
Business Name |
THANH DAT JSC |
|
Registered Company Name |
THANH DAT JSC |
|
Company Registration Number |
5700401976 |
|
Country |
VIET NAM |
|
VAT Registration Number |
5700401976 |
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VAT Registration Date |
2002-09-06 |
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Date of Company Registration |
2015-07-24 |
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Date of Starting Operations |
2015-07-24 |
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Commercial Court |
|
|
Legal Form |
Joint Stock Company |
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Type of Ownership |
|
|
Company Status |
(Active) |
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Principal Activity Code |
|
|
Principal Activity Description |
|
|
Contact Telephone Number |
[+84] 203-3212398 Status: Telephone
number not working |
Main Address
|
Address |
Country |
Telephone |
|
72B
Hung Vuong Rd Ka Long Ward, Mong Cai Dist, Quang Ninh |
VIET
NAM |
[+84]
203-3212398 Status: Telephone number not working |
Other Address
|
Address |
Country |
Telephone |
|
No
other addresses for this company. |
||
Previous Address
|
Address |
Country |
|
|
No
previous addresses for this company. |
||
Activities
|
Activity Code |
Activity Description |
|
5229 |
Other transportation support activities |
Email Addresses
congtycpthanhdat@gmail.com
Web Pages
No web pages for this company.
Employee Information
|
Date Reported |
Number of Employees |
|
2018 |
n/a |
Banker Information
|
Banker
Name |
Banker
Address |
Phone
Number |
|
JOINT STOCK COMMERCIAL BANK FOR
FOREIGN TRADE OF VIETNAM |
2 Van Don Tran Phu Ward,
Mong Cai Dist, Quang Winh |
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Advisors Information
|
Auditor
Name |
Solicitor
Name |
|
No advisor information for this
company. |
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Miscellaneous Information
|
Miscellaneous
Information |
|
|
Fax
Number |
[+84]
203-3786199 Status: Normal |
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Export
Countries |
|
|
Import
Countries |
|
|
Additional
Business Information |
Core
Business: The primary business focus of THANH DAT JSC is Specialized
professional services, including: Logistics; Key service include:
Transportation. |
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Additional
Payment Information |
|
|
Additional
Financial Information |
Financial
Statements were prepared as at 31.12.16. 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. Although basic financials
were obtained for reference. |
|
Number
of Employees at Address |
n/a |
|
Number
of Employees at Group |
|
|
Number
of Employees at Factory |
|
Additional Miscellaneous
Information
|
Primary
Business Activity |
Service |
|
Key
Industry |
Transportation |
|
Registered
Legal Address |
72B
Hung Vuong Rd Ka Long Ward, Mong Cai Dist, Quang Ninh |
|
Issuing
Authority |
DEPT.
OF PLANNING & INVESTMENT - Quang Ninh |
|
Legal
Form Category |
Joint
Stock Company |
|
Legal
Form Abbreviation |
JSC |
|
Operational
Status of Business |
It
was NOT possible to confirm the operational status. |
|
Capital |
US$
9,240,452 |
|
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. |
|
Tax
Issuing Authority |
MINISTRY
OF FINANCE |
|
Acronym |
GTGT/VAT |
|
Previous
Business License/S |
License
Date: License No. 20 Jul, 2001: 809/QD-SGTVT. |
|
Reputation |
Due
to the prevailing circumstances regarding the status of THANH DAT JSC,
assessment of reputation is not relevant. |
|
Nega
Scan Adverse Data Monitoring |
Dishonored
checks, Debt, Civil litigation, Performance defaults, Adverse local media
coverage / adverse filing history: No Record Found . |
|
Bank
Details |
Bank
Name: JOINT STOCK COMMERCIAL BANK FOR FOREIGN TRADE OF VIETNAM; Global
Identifier: 32400479; Branch: JOINT STOCK COMMERCIAL BANK FOR FOREIGN TRADE
OF VIETNAM - MONG CAI DIST, QUANG WINH; Branch Address: 2 Van Don Tran Phu
Ward, Mong Cai Dist, Quang Winh; SWIFT Code: BFTVVNVX; Bank Name: JOINT STOCK
COMMERCIAL BANK FOR INVESTMENT & DEVELOPMENT OF VIETNAM; Global
Identifier: 32400483; Branch: JOINT STOCK COMMERCIAL BANK FOR INVESTMENT AND
DEVELOPMENT OF VIETNAM - MONG CAI, QUANG NINH; Branch Address: Hung Vuong St,
Mong Cai, Quang Ninh; SWIFT Code: BIDVVNVX; Bank Name: VIETNAM BANK FOR
AGRICULTURE & RURAL DEVELOPMENT; Global Identifier: 32408794; Branch:
VIETNAM BANK FOR AGRICULTURE; Branch Address: Mong Cai; SWIFT Code: VBAAVNVX;
Bank Name : VIETNAM TECHNOLOGICAL & COMMERCIAL JOINT STOCK BANK; Global
Identifier: 32408999; Branch: VIETNAM TECHNOLOGICAL; Branch Address: Mong
Cai; SWIFT Code: VTCBVNVX. |
|
Office
and Facilities |
Name:
THANH DAT JSC - MONG CAI DIST, QUANG NINH; Primary Use: Office &
Administration facilities Address: 72B Hung Vuong Rd Ka Long Ward, Mong Cai
Dist, Quang Ninh; Country: Vietnam; Status: Unknown. |
|
Previous
Contact Details |
Telephone
Number: 84-33-3212398; Fax Number: 84-33-3786199. |
Primary Products
|
Products / Materials / Services
Description |
Activity |
|
Logistics |
Service |
|
Transportation |
Service |
Financial
|
Financial Year |
2016-12 |
|
Number of Weeks |
52 |
|
Currency |
VND |
|
Consolidated Accounts |
No |
Profit
and Loss
|
Revenue |
21.178.000.000 |
|
Operating Costs |
- |
|
Operating Profit |
-70.000.000 |
|
Wages & Salaries |
- |
|
Pension Costs |
- |
|
Depreciation |
- |
|
Amortisation |
- |
|
Financial Income |
520.000.000 |
|
Financial Expenses |
- |
|
Extraordinary Income |
278.000.000 |
|
Extraordinary Costs |
656.000.000 |
|
Profit before Tax |
72.000.000 |
|
Tax |
14.000.000 |
|
Profit after Tax |
58.000.000 |
|
Dividends |
- |
|
Minority Interests |
- |
|
Other Appropriations |
- |
|
Retained Profit |
58.000.000 |
Balance
Sheet
|
Land & Buildings |
0 |
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Plant & Machinery |
0 |
|
Other Tangible Assets |
0 |
|
Total Tangible Assets |
188.962.000.000 |
|
Goodwill |
0 |
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Other Intangible Assets |
0 |
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Total Intangible Assets |
0 |
|
Investments |
0 |
|
Loans to Group |
0 |
|
Other Loans |
0 |
|
Miscellaneous Fixed Assets |
27.252.000.000 |
|
Total Other Fixed Assets |
27.252.000.000 |
|
Total Fixed Assets |
216.214.000.000 |
|
Raw Materials |
0 |
|
Work in Progress |
0 |
|
Finished Goods |
0 |
|
Other Inventories |
0 |
|
Total Inventories |
11.497.000.000 |
|
Trade Receivables |
48.375.000.000 |
|
Group Receivables |
0 |
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Receivables Due after 1 year |
0 |
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Miscellaneous Receivables |
0 |
|
Total Receivables |
48.375.000.000 |
|
Cash |
737.000.000 |
|
Other Current Assets |
11.537.000.000 |
|
Total Current Assets |
72.146.000.000 |
|
Total Assets |
288.360.000.000 |
|
Trade Payables |
3.897.000.000 |
|
Bank Liabilities |
0 |
|
Other Loans or Finance |
78.023.000.000 |
|
Group Payables |
0 |
|
Miscellaneous Liabilities |
10.006.000.000 |
|
Total Current Liabilities |
91.926.000.000 |
|
Trade Payables After 1 Year |
0 |
|
Bank Liabilities After 1 Year |
0 |
|
Other Loans or Finance due
after 1 year |
0 |
|
Group Payables After 1 Year |
0 |
|
Miscellaneous Liabilities Due After
1 Year |
0 |
|
Total Long Term Liabilities |
0 |
|
Total Liabilities |
91.926.000.000 |
|
Called Up Share Capital |
210.000.000.000 |
|
Share Premium |
0 |
|
Revenue Reserves |
-13.566.000.000 |
|
Other Reserves |
0 |
|
Total Shareholders Equity |
196.434.000.000 |
|
Other Financials |
|
|
Contingent Liabilities |
|
|
Working Capital |
-19.780.000.000 |
|
Net Worth |
0 |
Ratios
|
Pre Tax Profit Margin |
0.34 |
|
Return On Capital Employed |
|
|
Return On Total Assets Employed |
0.02 |
|
Return On Net Assets Employed |
0.04 |
|
Sales / Net Working Capital |
-1.07 |
|
Stock Turnover Ratio |
54.29 |
|
Debtor Days |
833.74 |
|
Creditor Days |
67.16 |
|
Current Ratio |
0.78 |
|
Liquidity Ratio Or Acid Test |
0.66 |
|
Current Debt Ratio |
0.47 |
|
Gearing |
|
|
Equity In Percentage |
|
|
Total Debt Ratio |
0.47 |
Additional Financials
|
Gross Profit |
Current Directors
|
Name |
Gender |
Address |
Date
of Birth |
Position |
|
Thanh Van Duong |
Male |
|
1971-10-10 |
Chairman |
Previous Directors
|
Name |
Gender |
Address |
Date
of Birth |
Position |
Resignation
Date |
|
No previous directors for this
company. |
|||||
Share Capital Structure
|
Nominal Share Capital |
210.000.000.000 |
|
Issued Share Capital |
|
Shareholders
|
Shareholder |
Address |
% Shares Held |
|
Thanh Van Duong |
Vietnam |
80 |
|
Undisclosed Shareholders |
|
13.33 |
|
Bich Van Thi Pham |
Vietnam |
6.67 |
Group Structure
No group structure information for
this company
Negative Information
No negative information for this
company
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 67.72 |
|
|
1 |
INR 91.65 |
|
Euro |
1 |
INR 79.89 |
|
VND |
1 |
INR 0.0030 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
TRU |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
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 |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
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.