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MIRA
INFORM REPORT
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Report Date : |
17th
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
EVER GLOBAL
(VIETNAM) ENTERPRISE CORPORATION |
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Registered Office : |
Long Phuc Road, Long Thanh Industrial
Zone, Dong Nai Province |
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Country : |
Viet
Nam |
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Date of Incorporation : |
2004 |
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Com. Reg. No.: |
266/GP-KCN-DN |
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Legal Form : |
Foreign Owned Company |
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Line of Business : |
Manufacturing of products from rubber and
plastic |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Status : |
Satisfactory
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Payment Behaviour : |
Usually
Correct |
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Litigation : |
Clear |
SUBJECT IDENTIFICATION &
LEGAL FORM
English Name EVER
GLOBAL (VIETNAM) ENTERPRISE CORPORATION
Also Know As KIM BAO SON INTERNATIONAL COMPANY LIMITED
Vietnamese name CONG TY TNHH QUOC TE KIM BAO SON
Trade Name KIM BAO SON VN
Type of Business Foreign Owned Company
Founded 2004
Business
Registration No. 266/GP-KCN-DN
Issued on January 27th 2004
Issued by Dong Nai Industrial Zones Authority
Investment
Capital 12,000,000
USD
Legal
Capital 3,600,000
USD
Total Employees 900 persons
Qualification Qualified
ADDRESS
Head Office
Address Long Phuc Road, Long Thanh Industrial Zone, Dong Nai Province
Country Vietnam
Tel (84-4) 3514022
Fax (84-4) 3514023
DIRECTORS
1.
NAME Mr. PIEN CHICH
CHUN
Position Director
Contact Address Long Phuoc Road, Long Thanh Industrial Zone, Dong Nai Province
Nationality Chinese (Taiwan)
BUSINESS NATURE AND ACTIVITIES
The subject registered in the following
lines of business:
Manufacturing of products from rubber and plastic
IMPORT & EXPORT ACTIVITIES
IMPORT: The subject imports from China, Taiwan, and Japan.
EXPORT: The subject supplies its products to Europe countries.
BANKERS
1. INTERNATIONAL COMMERCIAL BANK OF CHINA –
HOC CHI MINH CITY BRANCH
Address No. 5B Ton Duc Thang Str, Ben Nghe
Ward, Dist 1, Ho Chi Minh City
Country Vietnam
Tel (84-8) 85220273
Fax (84-8) 85220274
SHAREHOLDERS
1. Name SUNTEL INTER COMPANY LIMITED
Country United
State
2. Name LAN YIPPE LIMITED
Location Hong Kong
Business Registration No. 0252309
Issued on May 12th 1989
3. Name 2 JAPANESE PRIVATE SHAREHOLDERS
Nationality Japanese
Note: We
tried to collect the detail rate of each shareholder but no result. The
original investor of the subject is from Taiwan.
PAYMENT HISTORY AND EXPERIENCES
Trade Morality Fairly good
Liquidity Average
Payments Fair Prompt
Financial Situation Fairly good
Development trend Fairly good
Litigation Data No reported
Bankruptcy No reported
Payment Method TT
Sale Method Supplying for distributor in overseas
Note: The subject prepares to supply part of its output products for domestic market.
FINANCIAL DATA
We tried to collect financial data on the subject
but no result.
INTERPRETATION ON THE SCORES
The
subject is a foreign owned company. It received the investment license on
January 2004. The subject is specializing in manufacturing of products from
rubber and plastic. In the first stage of operation, the subject registered as
a foreign processing company with 100 percent of its products is for export. In
February 2006, the subject has changed the investment license (License No.
266/GPDC2-KCN-DN, dated on February 28th 2006) from export
processing company to foreign investment company. It means that the subject now
can supply it products for domestic market. The position in the industry of the
subject is good.
The
premises of the subject are large. The factory with large amount of employees
is located in Dong Nai province, near by Ho Chi Minh city in the south of
Vietnam. At present, the subject produces glove from rubber and plastic for
export. Its products mainly distributes in European market through distributor
companies, which has close relation with the subject. The management capacity
of the subject is above average. Key positions of the subject are mainly from
Taiwan and Hong Kong. The staff of the subject is graded at normal. The
business operation of the subject at the moment is busy. Its output products
seem stable. The future prosperity of the subject seems bright.
In
general, the operation and finance of the subject are regarded good. Its
business is stable and developing. The subject has capacity to meet financial
commitments and no caution needed for normal business transactions.
To be rated at BB, the company is expected to be VULNERABLE
TO ADVERSE changes in circumstances and economic conditions.
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution
needed for credit transaction. It has above average (strong) capability for
payment of interest and principal sums |
Large |
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56-70 |
A |
Financial & operational base are
regarded healthy. General unfavourable factors will not cause fatal effect.
Satisfactory capability for payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of
interest and principal sums in default or expected to be in default upon
maturity |
Limited with full security |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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