MIRA
INFORM REPORT
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Report Date : |
01.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
BANG HUU COMMERCIAL COMPANY LIMITED |
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Registered Office : |
No.16, Van Hanh Str, Tan Thanh Ward, Tan Phu Dist, Hochiminh City |
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Country : |
Vietnam |
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Date of Incorporation : |
2006 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trading in materials and chemicals using in
leather tanning, plastic product processing, shoes processing and water
treatment. |
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 : |
Moderate |
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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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Enlish Name
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BANG HUU COMMERCIAL COMPANY LIMITED
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Vietnamese Name |
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CONG TY TNHH THUONG MAI BANG HUU |
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Trade Name |
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BANG HUU COMMERCIAL CO., LTD |
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Other
transaction Name |
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BANG HUU TRADING CO., LTD |
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Founded |
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2006 |
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Type of Business |
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Limited
liability company |
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Business
registration |
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No. 4102036287 |
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Issued on |
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January 17th
2006 |
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Issued by |
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Planning and
Investment Department of Hochiminh City |
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Registered Capital |
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500,000,000 VND |
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Tax code |
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0304173815 |
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Total Employees |
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6 Employees |
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Qualification |
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Average |
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ADDRESSES |
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Head office:
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Address |
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No.16, Van Hanh Str, Tan Thanh Ward, Tan
Phu Dist, Hochiminh City |
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Country |
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Vietnam |
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Tel |
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(84-8) 8107880 / 8429845 |
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Fax |
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(84-8) 8107881 |
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Email |
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Former address:
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Address |
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No. 14/4 Go Dau Str, Tan Quy Ward, Tan Phu
Dist, Hochiminh City |
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Country |
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Vietnam |
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DIRECTORS |
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1.
NAME |
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Mr.
PHAM HUU TUNG |
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Position |
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Registered Director |
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Qualification |
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Management |
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Resident |
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No. 7B/18/4 Nghia Phat Str, Ward 6, Tan
Binh Dist, Hochiminh City |
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Nationality |
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Vietnamese |
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Cell Phone |
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++84 903 743 299 |
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Email |
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2.
NAME |
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Mr.
TRAN DUY DUC |
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Position |
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Deputy |
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Qualification |
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Bachelor |
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Resident |
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Hochiminh City |
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Nationality |
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Vietnamese |
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3.
NAME |
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Mr.
TRAN HUU |
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Position |
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Chief Accountant |
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Qualification |
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Bachelor |
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Resident |
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Hochiminh City |
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Nationality |
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Vietnamese |
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BUSINESS NATURE AND
ACTIVITIES |
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This subject is trading in materials and
chemicals using in leather tanning, plastic product processing, shoes
processing and water treatment. |
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IMPORT & EXPORT
ACTIVITIES |
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IMPORT: The subject
imports from Italy, Turkey, Israel, and China. |
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EXPORT: As the
subject’s staffs, the subject only imports goods for inland trading. |
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BANKERS |
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1. INDUSTRIAL
AND COMMERCIAL BANK OF VIETNAM (INCOMBANK) BRANCH NO. 12 |
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Address |
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No.366 Truong Chinh Str, Ward 13, Tan Binh
Dist, Hochiminh City |
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Country |
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Vietnam |
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Tel |
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(84-8) 8462499 |
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Fax |
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(84-8) 8100087 |
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Swift |
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ICBVVNVX944 |
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SHAREHOLDER(S) |
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1.
NAME |
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Mr.
PHAM HUU TUNG |
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Position |
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Director |
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Qualification |
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Management |
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Resident |
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No. 7B/18/4 Nghia Phat Str, Ward 6, Tan
Binh Dist, Hochiminh City |
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Nationality |
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Vietnamese |
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Cell phone |
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++84 903 743 299 |
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Email |
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Contribution |
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50% |
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Value |
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250,000,000 VND |
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2.
NAME |
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Mr.
TRAN DUY DUC |
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Position |
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Deputy |
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Qualification |
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Bachelor |
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Resident |
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Hochiminh City |
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Nationality |
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Vietnamese |
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Contribution |
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50% |
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Value |
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250,000,000 VND |
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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 Payment Status |
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N/A |
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Current Payment Status |
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Normal |
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Past Financial Situation |
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N/A |
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Current Financial Situation |
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Normal |
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Legal Action |
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No recorded |
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Bankruptcy |
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No recorded |
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Reputation |
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Normal |
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Mode of Payment |
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Direct payment or through its
corresponding bank |
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Sales methods |
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Directly to clients |
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FINANCIAL HIGHLIGHT |
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This subject’s businesses have just been started
so its financial data are not available. |
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INTERPRETATION ON
THE SCORES |
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Bang Huu
Commercial Co., Ltd is a new entity operating in chemical and leather
material trading field. Businesses of
Bang Huu Commercial Co., Ltd have just been started in May 2006 but the
subject’s owners have operated in chemical field for a long time. Bang Huu
Commercial Co., Ltd, Nhan Thanh Trading Co., Ltd, Friendship Co., Ltd, Bang
Huu Production - Service - Trading Co., Ltd, and Hoang Phu Co., Ltd have the
same investors but on legal document they are independent. Management
capacity of the subject is fairly good. Locating in the garment and leather
processing zone of Hochiminh city, the subject has advantages in
transportation and finding new customers. The subject’s owners have
established good relations with customers and suppliers. Thus, development
prospect of the subject is fairly bright. |
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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%)
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