MIRA INFORM REPORT

 

 

Report Date :

18.04.2007

 

IDENTIFICATION DETAILS

 

Name :

TOAN KY TRADING SERVICE LIMITED COMPANY

 

 

Registered Office :

20 Dong Khoi St, Ward 4, Tan Binh Dist, Hochiminh city

 

 

Country :

Vietnam

 

 

Date of Incorporation :

2006

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Trading in chemical substance and chemical industry.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

Small

 

Status :

New Company

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

 

SUBJECT IDENTIFICATION & LEGAL FORM

 
English Name
 
TOAN KY TRADING SERVICE LIMITED COMPANY

Vietnamese name

 

CONG TY TNHH THUONG MAI DICH VU TOAN KY

Trade Name

 

TOAN KY SERVICE& TRADING CO., LTD

Type of Business

 

Limited Liability Company

Founded

 

2006

Business Registration

 

4102037536

Date of Issuance

 

March 15th 2006

Place of Issuance

 

Planning & Investment Department of Hochiminh city

Registered Capital

 

1,800,000,000 VND

Tax Code

 

0304253563

Total Employees

 

20 employees

Qualification

 

Normal

 

 

ADDRESS

 

Head Office

Address

 

20 Dong Khoi St, Ward 4, Tan Binh Dist, Hochiminh city

Country

 

Vietnam

Tel

 

(84-8) 9480283

Fax

 

(84-8) 9480282

 

 

DIRECTORS

 

1. NAME

 

Mr. VU QUOC KY
Position
 
Director
Identity Card
 
031236526
Date of birth
 
January 26th 1979

Resident

 
Ha Tay Commune, Trung Ha Dist, Thuy Nguyen Town, Hai Phong city, Vietnam
Nationality
 
Vietnamese

 

2. NAME

 

Ms. HOANG THI SINH
Position
 
Sale Manager
Identity Card
 
135101503

Resident

 
Dam Noi Commune, Tien Chau Dist, Me Linh Town, Vinh Phuc Province

Nationality
 
Vietnamese

 

 

BUSINESS NATURE AND ACTIVITIES

 

The subject is trading in chemical substance, chemical industry.

 

The subject registered in the following lines of business:

  • Trading in Chemical substance, tobacco, monosodium glutamate, cooking oil, equipment and machinery of food industry, Beverage, office stationery, food processing powder.
  • Forwarding agent. Agro products, cosmetic, confectionary.

 

 

IMPORT & EXPORT ACTIVITIES

 

IMPORT: The subject imports products from China, Thailand, Japan, and Germany.

EXPORT: Its majority exports to Eastern Europe.

 

 

BANKERS

 

1. SGN COMMERCIAL JOINT STOCK BANK (SACOMBANK)

Address

 

224 Le Van Sy St, Dist 1, Hochiminh city

Tel

 

(84-8) 9916342

Swift

 

SGTTVNVX

 

2. ASIA COMMERCIAL JOINT STOCK BANK (ACB BANK)

Address

 

442 Nguyen Thi Minh Khai Str, Ward 5, Dist 3, Hochiminh City

Country

 

Vietnam

Tel

 

(84-8) 8334085 - 8395179

Fax

 

(84-8) 8359156

Telex

 

813158ACBVT

Swift

 

ASCBVNVX

 

SHAREHOLDERS
 
1. Name
 
Mr. VU QUOC KY
Position
 
Director
Identity Card
 
031236526
Date of birth
 
January 26th 1979

Resident

 
Ha Tay Commune, Trung Ha Dist, Thuy Nguyen Town, Hai Phong city, Vietnam
Nationality
 
Vietnamese

Share

 

96.67%

Value

 

1,740,000,000 VND

 
2. Name
 
Ms. HOANG THI SINH
Position
 
Sale Manager
Identity Card
 
135101503

Resident

 
Dam Noi Commune, Tien Chau Distt, Me Linh Town, Vinh Phuc Province
Nationality
 
Vietnamese

Share

 

3.33%

Value

 

60,000,000 VND

 

 

PAYMENT HISTORY AND EXPERIENCES

 

Trade Morality

 

Normal

Liquidity

 

Above average

Previous Payments

 

Normal

Payment status

 

Normal

Past Financial Situation

 

Average

Current Financial Situation

 

Average

Litigation Data

 

No recorded

Bankruptcy

 

No recorded

Public opinion

 

Humble

Payment Methods

 

Directly to clients or through its banks

 

 

 

 

 

 

FINANCIAL DATA

 

Toan Ky Service & Trading Co., Ltd has just established since 2006. So the financial data is not available.

 

 

INTERPRETATION

Toan Ky Service& Trading Co., Ltd is a Limited Liability Company has just established in Vietnam for a year. It is specializing in import and export of chemical substance, chemical powder for industry and food processing.

 

At the beginning of establishment, it just registered at the Planning & Investment Department with the capital of 600 million VND. Then it raised up to 1.8 billion VND. In 2007, the subject plans to open a representative office in Hanoi city to expand the market share as well as the capacity.

 

Following the collection information, all products are imported from Germany, China, Japan, Thailand…; it exports agro product to some countries like Malaysia, Thailand, …

 

With approximately 20 employees while more than a half is sale man operating at the average scale, but they are quite enthusiastic and dynamic. So that, Toan Ky Co., Ltd surely has more chance to develop in the future even though it is rated at average level at this time.

 

The premise, facility and management capability of the subject are normal. The subject is a newly members in this field, so the competition is not easy for the subject in seeking for new customers as well as to widen the market share. Be careful for normal and big transactions with the subject.

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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%)

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions