MIRA
INFORM REPORT
|
Report Date : |
11.12.2007 |
IDENTIFICATION
DETAILS
|
Name : |
GOLDEN EAGLE COMPANY LIMITED |
|
|
|
|
Registered Office : |
No. 29 Hoang Hoa Tham Str, ward 6, Binh Thanh Dist, Hochiminh City |
|
|
|
|
Country : |
Viet Nam |
|
|
|
|
Financials (as on) : |
2006 |
|
|
|
|
Date of Incorporation : |
15.09.1998 |
|
|
|
|
Com. Reg. No.: |
040363 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Trading in building materials, interior
decoration materials, machineries, agricultural products, seafood, ink,
chemicals, food favors & industrial fragrance, plastics & resin,
means of transport |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
SUBJECT IDENTIFICATION & LEGAL FORM |
||
|
|
||
|
English Name |
|
GOLDEN EAGLE COMPANY LIMITED |
|
Vietnamese name |
|
CONG TY TNHH KIM BANG |
|
Trade Name |
|
GOLDEN EAGLE CO., LTD |
|
Type of Business |
|
Limited Liability Company |
|
Founded |
|
1998 |
|
Established Decision No. |
|
2039 |
|
Date of Issuance |
|
September 15th 1998 |
|
Place of Issuance |
|
People’s Committee of Hochiminh City |
|
Business Registration No. |
|
040363 |
|
Date of Issuance |
|
September 23rd 1998 |
|
Place of Issuance |
|
Planning and Investment Department of Hochiminh City |
|
Registered Capital |
|
1,000,000,000 VND |
|
Tax Code |
|
0301479611 |
|
Total Employees |
|
30 employees |
|
Qualification |
|
Normal |
|
|
||
|
|
||
|
ADDRESS |
||
|
|
||
|
Head Office |
||
|
Address |
|
No. 29 Hoang Hoa Tham Str, ward 6, Binh Thanh Dist, Hochiminh City |
|
Country |
|
Vietnam |
|
Tel |
|
(84-8) 8434127 / 5512279 / 5512278 / 5512276 / 5512275 / 5512274 |
|
Fax |
|
(84-8) 8410653 / 5512280 |
|
Email |
|
|
|
Website |
|
|
|
Note: Formerly, the subject head office located at No. 90 A 11 Ly Thuong Kiet Str, Ward 14, Dist. 10, Ho Chi Minh City |
||
|
|
||
|
|
||
|
DIRECTORS |
||
|
|
||
|
1. NAME |
|
Mrs. PHAN THI THANH HANG |
|
Position |
|
Director |
|
Date of birth |
|
October 16th 1973 |
|
I.D No |
|
022862244 |
|
Resident |
|
No. 29 Hoang Hoa Tham Str, ward 6, Binh Thanh Dist, Hochiminh City |
|
Nationality |
|
Vietnamese |
|
Email |
|
|
|
|
|
|
|
2. NAME |
|
Mrs. PHAN THI TRUC LINH |
|
Position |
|
HR Department |
|
Resident |
|
Hochiminh City |
|
Nationality |
|
Vietnamese |
|
|
||
|
|
||
|
BUSINESS NATURE AND
ACTIVITIES |
||
|
|
||
|
The subject registered in the following
lines of business: Trading in building materials, interior
decoration materials, machineries, agricultural products, seafood, ink, chemicals,
food favors & industrial fragrance, plastics & resin, means of
transport |
||
|
|
||
|
|
||
|
IMPORT & EXPORT
ACTIVITIES |
||
|
|
||
|
IMPORT: The subject imports goods from Singapore, Germany and France |
||
|
EXPORT: The subject exports goods to EU, Japan and USA |
||
|
|
||
|
|
||
|
BANKERS |
||
|
|
||
|
1. SAIGON THUONG TIN COMMERCIAL JOINT STOCK BANK (SACOMBANK) |
||
|
Address |
|
No. 278 Nam Ky Khoi Nghia Str, Ward 8, Dist 3, Hochiminh City |
|
Country |
|
Vietnam |
|
Tel |
|
(84-4) 9320420 - 9320643 |
|
Fax |
|
(84-4) 9322488 |
|
Telex |
|
813603SGTT/VT |
|
Swift |
|
SGTTVNVX |
|
|
||
|
2. INDUSTRIAL AND COMMERCIAL BANK OF VIETNAM (INCOMBANK) BRANCH NO. 1 |
||
|
Address |
|
No. 93 - 95 Ham Nghi Str, Nguyen Thai Binh Ward, Dist 1, Hochiminh
City |
|
Country |
|
Vietnam |
|
Tel |
|
(84-8) 8215388 - 8210089 |
|
Fax |
|
(84-8) 8290696 |
|
Swift |
|
ICBVVNVX902 |
|
|
||
|
|
||
|
SHAREHOLDERS |
||
|
|
||
|
1. NAME |
|
Mrs. PHAN THI THANH HANG |
|
Position |
|
Director |
|
Date of birth |
|
October 16th 1973 |
|
I.D No |
|
022862244 |
|
Resident |
|
No. 29 Hoang Hoa Tham Str, ward 6, Binh Thanh Dist, Hochiminh City |
|
Nationality |
|
Vietnamese |
|
Share |
|
90% |
|
Value |
|
900,000,000 VND |
|
|
||
|
2. NAME |
|
Mrs. NGUYEN THI TRANG |
|
I.D No |
|
022261288 |
|
Resident |
|
No. 29 Hoang Hoa Tham Str, ward 6, Binh Thanh Dist, Hochiminh City |
|
Nationality |
|
Vietnamese |
|
Share |
|
10% |
|
Value |
|
100,000,000 VND |
|
|
||
|
PAYMENT HISTORY AND
EXPERIENCES |
||
|
|
||
|
Trade Morality |
|
Average |
|
Liquidity |
|
Average |
|
Previous Payments |
|
Normal |
|
Payment status |
|
Normal |
|
Past Financial Situation |
|
Average |
|
Current Financial Situation |
|
Average |
|
Litigation Data |
|
No recorded |
|
Bankruptcy |
|
No recorded |
|
Public opinion |
|
Normal |
|
Payment Methods |
|
Direct payment or through its corresponding bank. Foreign remittance
by letter of credit (L/C), by telegraphic transfer (T/T). |
|
Sales methods |
|
Directly to clients and through its agents |
|
|
||
|
|
||
|
FINANCIAL DATA |
||
|
Unit: 1,000,000 VND |
||
|
Description |
2006 |
2005 |
|
Current assets & Short term Investment |
21,678 |
14,638 |
|
Fixed assets and long-term investment |
622 |
680 |
|
Total Assets |
22,300 |
15,318 |
|
Payable |
19,945 |
13,598 |
|
Owner’s Equity |
2,355 |
1,720 |
|
Total Liability and Equity |
22,300 |
15,318 |
|
|
||
|
Total Revenue |
46,782 |
37,944 |
|
Deduction items |
108 |
385 |
|
Net Revenue |
46,674 |
37,559 |
|
Net Income From business Activities |
1,368 |
740 |
|
Net Income From Financial Operation |
-702 |
-133 |
|
Irregular Profit |
232 |
-6 |
|
Total pre-tax Profit |
898 |
601 |
|
|
|
|
|
|
|
|
|
INTERPRETATION ON
THE SCORES |
||
|
|
||
|
The Golden Eagle Co., Ltd was established in 1998. The subject is a general trader and logistics service provider. The subject imports various kinds of chemicals (dyes, enzymes, water
treatments, plating and etc), Soya meal, meat and bone meal, palm-seed meal, rapeseed
meal, fish meal and fish oil. The subject is distributing products of DUPONT,
BECHEM, Lexmark, Creative (Food flavours & fragrances), Bakels (materials
for food industries) and Cotto. The subject exports agro and aqua products such as tapioca starch,
chip, dried cassava, gum rosin, rice, coffee, pepper, sprimp…. Competition capacity of the subject is fairly good, management
capacity is fairly good as well. The businesses of the subject are busy now.
The Subject has capacity to meet the small and normal transactions. |
||
|
The company is expected to be VULNERABLE TO ADVERSE changes in
circumstances and economic conditions. |
||
|
|
||
|
|
||
|
CREDIT INQUIRY:
1,500,000 USD against D/A terms |
||
|
This credit inquiry is too big for the Subject. Pls do not supply this
credit amount for the Subject. It is unreliable. |
||
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. |
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%)