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MIRA
INFORM REPORT
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Report No. : |
508932 |
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Report Date : |
21.05.2018 |
IDENTIFICATION DETAILS
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Name : |
VIETHA SPICES JSC |
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Registered Office : |
241/42 Thinh Liet Group 31 Thinh Liet Ward, Hoang Mai
Dist, Hanoi |
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Country : |
Viet Nam |
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Date of Incorporation : |
31.08.2017 |
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Com. Reg. No.: |
0107982711 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Retail sale via stalls and markets of other goods |
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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 : |
NB |
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Credit Rating |
Explanation |
Rating Comments |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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Status : |
New Business |
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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 |
VIETHA SPICES JSC |
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Country |
VIET NAM |
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Company Registration Number |
0107982711 |
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Main Activity Code |
4789 |
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Main Activity Description |
Retail sale via stalls and markets of other goods |
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Company Status |
(Active) |
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Latest Turnover Figure |
- |
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Latest Shareholder Equity Figure |
- |
Basic Information |
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Business Name |
VIETHA SPICES JSC |
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Registered Company Name |
VIETHA SPICES JSC |
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Company Registration Number |
0107982711 |
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Country |
VIET NAM |
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VAT Registration Number |
0107982711 |
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VAT Registration Date |
2017-08-31 |
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Date of Company Registration |
2017-08-31 |
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Date of Starting Operations |
2017-08-31 |
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Legal Form |
Joint Stock Company |
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Type of Ownership |
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Company Status |
(Active) |
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Principal Activity Code |
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Principal Activity Description |
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Contact Telephone Number |
n/a |
Main Address |
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Address |
Country |
Telephone |
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241/42 Thinh Liet Group 31 Thinh Liet Ward, Hoang Mai Dist, Hanoi |
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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4789 Retail sale via stalls and markets of other 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 n/a |
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 VIETHA SPICES JSC is Trading - Finished products. Key product include : Consumer products, Supplementary Business In addition to the core business, VIETHA SPICES JSC also is engaged in the following areas of business: Exporting, Exporting - Finished products, Importing, Importing - Finished products. |
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Additional Payment Information |
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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 |
n/a |
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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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Issuing Authority |
DEPARTMENT OF PLANNING & INVESTMENT - Hanoi |
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Operational Status of Business |
It was NOT possible to confirm the operational status. |
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Capital |
US$ 303,041. |
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Reputation |
Due to the prevailing circumstances regarding the status of VIETHA SPICES 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: VIETHA SPICES JSC - HOANG MAI DIST, HANOI; Primary Use : Office & Administration facilities; Address : 241/42 Thinh Liet Group 31 Thinh Liet Ward, Hoang Mai Dist, Hanoi; Country: Vietnam; Status: Unknown. |
Primary Products |
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Products / Materials / Services Description Activity |
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Consumer products Trading |
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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Yen Thi Pham |
Male |
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Chairman Managing Director |
Previous Directors |
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No previous directors for this company. |
Share Capital Structure |
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Nominal Share Capital 6.900.000.000 |
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Issued Share Capital 6.900.000.000 |
Shareholders |
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Shareholder |
Address |
% Shares Held |
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Yen Thi Pham |
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33.34 |
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Dang Van Tran |
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33.33 |
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Giang Ngoc Tran |
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33.33 |
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 67.96 |
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1 |
INR 91.88 |
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Euro |
1 |
INR 80.26 |
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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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PRI |
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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.