MIRA
INFORM REPORT
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Report Date : |
18.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
THUAN THANH TRADING AND SERVICE IMPORT EXPORT COMPANY LIMITED |
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Registered Office : |
No. 12/167/31, Tay Son Str., Dong Da Dist., Hanoi city |
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Country : |
Vietnam |
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Date of Incorporation : |
2001 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trading in agricultural material such as fertilizer, pesticide. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Small Company |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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SUBJECT
IDENTIFICATION & LEGAL FORM |
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English Name
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THUAN THANH TRADING AND SERVICE IMPORT EXPORT
COMPANY LIMITED
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Vietnamese name |
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CONG TY TNHH THUONG MAI VA DICH VU XUAT NHAP KHAU THUAN THANH |
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Trade name |
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THUAN THANH
TRADING AND SERVICE IMPORT EXPORT CO., LTD. |
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Abbreviation
name |
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T & S CO.,
LTD |
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Founded |
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2001 |
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Type of Business |
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Liability
Limited Company |
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Business Registration |
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0102002890 |
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Date of Issuance |
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June 28th, 2001 |
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Place of Issuance |
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Hanoi Department of Planning and Investment |
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Registered Capital |
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VND 1,000,000,000 |
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Tax code |
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0101145153 |
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Total Employees |
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10 |
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Qualification |
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Average |
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ADDRESS |
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Head Office
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Address
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No. 12/167/31, Tay Son Str., Dong Da
Dist., Hanoi city |
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Country |
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Vietnam |
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Tel |
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(84-4) 8573948 |
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Fax |
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(84-4) 5656408 |
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DIRECTORS |
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1.
NAME |
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Mr.
TRAN KHAC CHANH |
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Position |
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Director |
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Resident |
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Hanoi city, Vietnam |
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Nationality |
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Vietnamese |
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BUSINESS NATURE AND
ACTIVITIES |
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The
subject focuses on the following lines of business: |
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- Trading in agricultural material such as fertilizer, pesticide. |
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IMPORT & EXPORT
ACTIVITIES |
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IMPORT: The subject
imports from China, Malaysia, India, etc. |
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EXPORT: N/A |
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BANKERS |
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1.
VP BANK |
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Address |
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No. 4, Da Tuong Str., Hoan Kiem Dist.,
Hanoi city |
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Country |
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Vietnam |
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Tel |
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(84-4) 9423635 |
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Fax |
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(84-4) 9424182 |
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VND Account |
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0835300000A |
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2.
HABUBANK |
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Address |
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B7 building, Giang Vo Str., Ba Dinh Dist.,
Hanoi city |
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Country |
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Vietnam |
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Tel |
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(84-4) 8460135 |
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Fax |
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(84-4) 8235693 |
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SHAREHOLDERS |
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1. Name
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Mr. TRAN KHAC CHANH
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Resident |
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Hanoi city,
Vietnam
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Nationality
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Vietnamese
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Share |
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60% |
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Value |
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VND 600,000,000 |
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2. Name
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Mr. NGUYEN QUANG ANH
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Resident |
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Hanoi city,
Vietnam
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Nationality
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Vietnamese
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Share |
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40% |
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Value |
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VND 400,000,000 |
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PAYMENT HISTORY AND
EXPERIENCES |
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Trade Morality |
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Normal |
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Liquidity |
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Average |
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Previous Payments |
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Weak |
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Payment status |
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Average |
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Past Financial Situation |
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Average |
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Current Financial Situation |
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Humble |
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Litigation Data |
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No report |
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Bankruptcy |
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No report |
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Public opinion |
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Normal |
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Payment Methods |
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L/C |
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FINANCIAL DATA |
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Unit: VND 1,000,000
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Description |
2005 |
2004 |
2003 |
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A. Working assets & short-term
Investment |
6,793 |
3,299 |
2,931 |
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B. Fixed assets & Long term investment |
494 |
378 |
316 |
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TOTAL ASSETS |
7,287 |
3,677 |
3,247 |
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A. Payable loans |
6,244 |
2,672 |
2,287 |
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B. Owner’s Equity |
1,043 |
1,005 |
960 |
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TOTAL LIABILITY
AND EQUITY |
7,287 |
3,677 |
3,247 |
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PROFIT & LOSs
ACCOUNT (INCOME STATEMENT) |
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Description |
FY 2005
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FY 2004 |
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Total
revenue |
5,297 |
6,351 |
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Deductions Items |
0 |
27 |
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Net revenue |
5,297 |
6,324 |
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Net income from business activities |
42 |
69 |
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Net income from financial operation |
0 |
0 |
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Irregular Profit |
10 |
-6 |
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Total
pre-tax profit |
52 |
63 |
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Income tax |
14 |
15 |
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After
tax profit |
38 |
48 |
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INTERPRETATION |
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In 2001, the subject was established as a Liability Limited Company. Now, the subject has registered capital of VND 1,000,000,000. The subject specializes in trading in fertilizer and pesticide. The products are imported from China, Malaysia, India and supplied to domestic market. The subject is operating at small scale. There are about 10 employees working there. It is not busy at the subject. The premises and facilities are normal. The working environment is limited. Management capacity is limited, too. The business result of the subject is not stable. The average turnover is about VND 5,500,000,000. The capital structure is not safe. The solvency is weak and the position is low. The prospect is normal. In general, the subject is a small scale company. It does not have development strategy. Caution needed when transaction with the subject at average sum. |
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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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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 and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)