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MIRA INFORM REPORT
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Report No. : |
509281 |
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Report Date : |
22.05.2018 |
IDENTIFICATION DETAILS
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Name : |
TTH TRADING PRODUCTION CO LTD |
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Registered Office : |
36/9 National Rd 22 Hau Lan Hamlet Ba Diem Commune,
Hoc Mon, Ho Chi Minh |
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Country : |
Vietnam |
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Financials (as on) : |
December 2016 |
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Date of Incorporation : |
03.12.2013 |
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Com. Reg. No.: |
0312571979 |
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Legal Form : |
Company Limited |
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Line of Business : |
Wholesale of other intermediate products |
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No. of Employees : |
5 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but Correct |
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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 |
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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. 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 |
TTH TRADING PRODUCTION CO LTD |
|
Country |
VIET NAM |
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Company Registration Number |
0312571979 |
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Main Activity Code |
4676 |
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Main Activity Description |
Wholesale of other intermediate products |
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Company Status |
Normal (Active) |
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Latest Turnover Figure |
- |
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Latest Shareholder Equity Figure |
6.398.000.000 |
Basic
Information
|
Business Name |
TTH TRADING PRODUCTION CO LTD |
|
Registered Company Name |
TTH TRADING PRODUCTION CO LTD |
|
Company Registration Number |
0312571979 |
|
Country |
VIET NAM |
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VAT Registration Number |
0312571979 |
|
VAT Registration Date |
2013-12-03 |
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Date of Company Registration |
2013-12-03 |
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Date of Starting Operations |
2013-12-03 |
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Commercial Court |
|
|
Legal Form |
Company Limited |
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Type of Ownership |
|
|
Company Status |
Normal (Active) |
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Principal Activity Code |
|
|
Principal Activity Description |
|
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Contact Telephone Number |
[+84] 28-54357537 |
Main Address
|
Address |
Country |
Telephone |
|
36/9 National Rd 22 Hau Lan Hamlet Ba Diem Commune, Hoc Mon, Ho Chi
Minh |
VIETNAM |
[+84] 28-54357537 |
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 |
|
4676 |
Wholesale of other intermediate products |
Email
Addresses
N/A
Web
Pages
N/A
Employee
Information
|
Date Reported |
Number of Employees |
|
2018 |
5 |
Banker
Information
|
Banker Name |
Banker Address |
Phone Number |
|
No banker information for this
company. |
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Advisors
Information
|
Auditor Name |
Solicitor Name |
|
No advisor information for this
company. |
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Miscellaneous
Information
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Fax Number |
[+84] 28-54357539 |
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Export Countries |
|
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Import Countries |
Asia
/ Pacific, China, Korea, South (Republic of Korea) |
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Additional Business Information |
Core
Business: The primary business focus of TTH TRADING PRODUCTION CO LTD is
Importing - Finished products. Key products include: Soot, Rubber, An
integral part of the core business includes: Distribution. |
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Additional Payment Information |
Selling:
Type: Local Terms: Cash on delivery (COD), Credit - Unsecured 30~60 days
Purchasing: Type: Import Terms: Letter of Credit (At-sight), Telegraphic
Transfer (T/T) - Executed at time of transaction |
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Additional Financial Information |
Financial
Statements were prepared as at 2016-12-31 and 2015-12-31. 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. Although basic financials were obtained for reference. |
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Number of Employees at Address |
5 |
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Number of Employees at Group |
|
|
Number of Employees at Factory |
|
Additional Miscellaneous Information
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Primary Business Activity |
Importer |
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Key Industry |
Rubber
& Products |
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Registered Legal Address |
36/9
National Rd 22 Hau Lan Hamlet Ba Diem Commune, Hoc Mon, Ho Chi Minh |
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Name History |
N/A |
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Issuing Authority |
DEPARTMENT
OF PLANNING AND INVESTMENT - Ho Chi Minh |
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Legal Form - Category |
Private
Company with Limited Liability |
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Legal Form - Abbreviation |
CO
LTD |
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Capital |
US$
439,190 |
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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 GTGT / VAT Number: 0312571979 Date of
Issuance: 3 Dec, 2013 |
|
Domestic Sales & Purchases |
Annual
Sales Analysis: Percentage Domestic Sales: 100% Annual Purchases Analysis:
Percentage Imports: 100% |
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Company Management |
Name:
Mr. Vy Duy Bui Name in local language: Vy Duy Bui Date of Birth: 1972 |
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Capital (Date: Authorized
Capital -History) |
3
Dec, 2013: 4,000,000,000 5 Apr, 2018: 10,000,000,000 |
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Reputation |
Reference
checking for the purpose of establishing TTH TRADING PRODUCTION CO LTD's
reputation within the respective industry failed to reveal any adverse
information. |
|
Nega-Scan - Adverse Data
Monitoring |
Dishonored
Checks, Debt, Civil Litigation, Performance Defaults, Adverse Local Media
Coverage / Adverse Filing History: No Record Found. |
|
Office & Facilities |
The
following information relates to the Business Entity's office as listed
above: Name: TTH TRADING PRODUCTION CO LTD - HOC MON, HO CHI MINH Primary Use:
Office & Administration facilities Address: 36/9 National Rd 22 Hau Lan
Hamlet Ba Diem Commune, Hoc Mon, Ho Chi Minh Country: Vietnam Status: Operational |
Primary
Products
|
Products / Materials / Services
Description |
Activity |
|
Rubber |
Importing |
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Soot |
Importing |
Financial
|
Financial Year |
2016-12 |
2015-12 |
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Number of Weeks |
52 |
52 |
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Currency |
VND |
VND |
|
Consolidated Accounts |
No |
No |
Profit and Loss
|
Revenue |
46.204.000.000 |
34.458.000.000 |
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Operating Costs |
43.479.000.000 |
33.478.000.000 |
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Operating Profit |
2.725.000.000 |
980.000.000 |
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Wages & Salaries |
- |
- |
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Pension Costs |
- |
- |
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Depreciation |
- |
- |
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Amortisation |
- |
- |
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Financial Income |
19.000.000 |
9.000.000 |
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Financial Expenses |
3.000.000 |
- |
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Extraordinary Income |
- |
- |
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Extraordinary Costs |
2.000.000 |
1.000.000 |
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Profit before Tax |
2.739.000.000 |
988.000.000 |
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Tax |
548.000.000 |
198.000.000 |
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Profit after Tax |
2.191.000.000 |
790.000.000 |
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Dividends |
- |
- |
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Minority Interests |
- |
- |
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Other Appropriations |
- |
- |
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Retained Profit |
2.191.000.000 |
790.000.000 |
Balance
Sheet
|
Land & Buildings |
0 |
0 |
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Plant & Machinery |
0 |
0 |
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Other Tangible Assets |
611.000.000 |
535.000.000 |
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Total Tangible Assets |
611.000.000 |
535.000.000 |
|
Goodwill |
0 |
0 |
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Other Intangible Assets |
0 |
0 |
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Total Intangible Assets |
0 |
0 |
|
Investments |
0 |
0 |
|
Loans to Group |
0 |
0 |
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Other Loans |
0 |
0 |
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Miscellaneous Fixed Assets |
2.000.000 |
0 |
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Total Other Fixed Assets |
2.000.000 |
0 |
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Total Fixed Assets |
613.000.000 |
544.000.000 |
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Raw Materials |
0 |
0 |
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Work in Progress |
0 |
0 |
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Finished Goods |
0 |
0 |
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Other Inventories |
0 |
0 |
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Total Inventories |
6.642.000.000 |
5.466.000.000 |
|
Trade Receivables |
9.699.000.000 |
9.073.000.000 |
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Group Receivables |
0 |
0 |
|
Receivables Due after 1 year |
0 |
0 |
|
Miscellaneous Receivables |
0 |
0 |
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Total Receivables |
9.699.000.000 |
9.073.000.000 |
|
Cash |
895.000.000 |
3.147.000.000 |
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Other Current Assets |
0 |
9.000.000 |
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Total Current Assets |
17.574.000.000 |
18.008.000.000 |
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Total Assets |
18.187.000.000 |
18.552.000.000 |
|
Trade Payables |
1.912.000.000 |
1.604.000.000 |
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Bank Liabilities |
0 |
0 |
|
Other Loans or Finance |
9.330.000.000 |
0 |
|
Group Payables |
0 |
0 |
|
Miscellaneous Liabilities |
547.000.000 |
12.121.000.000 |
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Total Current Liabilities |
11.789.000.000 |
13.725.000.000 |
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Trade Payables After 1 Year |
0 |
0 |
|
Bank Liabilities After 1 Year |
0 |
0 |
|
Other Loans or Finance due
after 1 year |
0 |
0 |
|
Group Payables After 1 Year |
0 |
0 |
|
Miscellaneous Liabilities Due After
1 Year |
0 |
0 |
|
Total Long Term Liabilities |
0 |
0 |
|
Total Liabilities |
11.789.000.000 |
13.725.000.000 |
|
Called Up Share Capital |
4.000.000.000 |
4.000.000.000 |
|
Share Premium |
0 |
0 |
|
Revenue Reserves |
2.398.000.000 |
827.000.000 |
|
Other Reserves |
0 |
0 |
|
Total Shareholders Equity |
6.398.000.000 |
4.827.000.000 |
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Other Financials |
|
|
|
Contingent Liabilities |
|
|
|
Working Capital |
5.785.000.000 |
4.283.000.000 |
|
Net Worth |
0 |
0 |
Ratios
|
Pre Tax Profit Margin |
5.93 |
2.87 |
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Return On Capital Employed |
|
|
|
Return On Total Assets Employed |
15.06 |
5.33 |
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Return On Net Assets Employed |
42.81 |
20.47 |
|
Sales / Net Working Capital |
7.99 |
8.05 |
|
Stock Turnover Ratio |
14.38 |
15.86 |
|
Debtor Days |
76.62 |
96.11 |
|
Creditor Days |
15.1 |
16.99 |
|
Current Ratio |
1.49 |
1.31 |
|
Liquidity Ratio Or Acid Test |
0.93 |
0.91 |
|
Current Debt Ratio |
1.84 |
2.84 |
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Gearing |
|
|
|
Equity In Percentage |
|
|
|
Total Debt Ratio |
1.84 |
2.84 |
Additional Financials
|
Gross Profit |
|
|
Current
Directors
|
Name |
Gender |
Address |
Date of Birth |
Position |
|
Vy Duy Bui |
Male |
|
|
Managing Director |
Previous
Directors
|
Name |
Gender |
Address |
Date of Birth |
Position |
Resignation Date |
|
No previous directors for this
company. |
|||||
Share
Capital Structure
|
Nominal Share Capital |
10.000.000.000 |
|
Issued Share Capital |
10.000.000.000 |
Shareholders
|
Shareholder |
Address |
% Shares Held |
|
Mr. Thinh Duy Bui |
Vietnam |
99 |
|
Mr. Vy Duy Bui |
Vietnam |
1 |
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 68.09 |
|
|
1 |
INR 91.41 |
|
Euro |
1 |
INR 79.93 |
|
VND |
1 |
INR 0.0030 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRI |
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|
|
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Report Prepared
by : |
TRU |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
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 |
|
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 |
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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.