MIRA
INFORM REPORT
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Report Date : |
15.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
YGS VINA COMPANY LIMITED |
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Registered Office : |
Lot 2, Road 25B, Nhon Trach Industrial Zone, Dong Nai province |
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Country : |
Vietnam |
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Date of Incorporation : |
2005 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacturing stainless steel (like: sheet,
coils, pipe…etc), and products from stainless steel |
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 |
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SUBJECT
IDENTIFICATION & LEGAL FORM |
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English Name
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YGS VINA COMPANY LIMITED
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Vietnamese name |
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CONG TY TNHH YGS
VINA |
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Trade Name |
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YGS VINA CO., LTD |
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Type of Business |
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100% foreign
invested company |
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Founded |
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2005 |
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License No. |
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No.
391/GP-KCN-DN |
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Issued on |
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May 30th
2005 |
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Issued by |
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Dong Nai
Department of Planning and Investment |
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Current Investment Capital |
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15,000,000 USD |
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Original Investment Capital |
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2,000,000 USD |
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Current Legal Capital |
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5,000,000 USD |
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Original Legal Capital |
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850,000 USD |
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Tax Code |
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No 3600728195 |
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Total Employees |
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30 employees (including staffs & workers) |
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Qualification |
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Normal |
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ADDRESS |
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Head Office
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Address |
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Lot 2, Road 25B, Nhon Trach Industrial
Zone, Dong Nai province |
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Country |
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Vietnam |
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Tel |
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(84-61) 3560497 |
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Fax |
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(84-61) 3560498 |
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DIRECTORS |
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1.
NAME |
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CHOI
MON HWAN |
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Position |
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Director |
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Resident |
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Dong Nai province |
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Nationality |
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Korean |
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2.
NAME |
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KANG
RAE JIN |
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Position |
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Deputy Director |
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Resident |
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Dong Nai province |
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Nationality |
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Korean |
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BUSINESS NATURE AND
ACTIVITIES |
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The subject specializes in the following
lines of business:
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IMPORT & EXPORT
ACTIVITIES |
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IMPORT: The subject
imports materials from Korea, and China |
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EXPORT: The subject
exports products to Singapore, Hong Kong, and Korea. |
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BANKERS |
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1.
BANK FOR FOREIGN TRADE OF VIETNAM (DONG NAI BRANCH) |
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Address |
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No 77C, Hung Dao Vuong Str, Bien Hoa ward,
Dong Nai province |
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Tel |
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(84- 61) 3822539 |
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Telex |
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611103 VCB DN - VT |
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Swift |
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BFTVVNVX 012 |
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Account No. |
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No. 0121 370 877 360 |
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2.
WOORI BANK (HOCHIMINH BRANCH) |
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Address |
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Suite 1808, No 115, Nguyen Hue Str, Ben
Nghe ward, Dist 1, Hochiminh city |
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Tel |
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(84-8) 8219839 |
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Fax |
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(84-8) 8219840 |
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SHAREHOLDERS |
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The
subject is a 100% foreign owned company. Its parent company is as follows:
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1. Name
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YOUNG GWANG TIANLESS CO., LTD
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Address
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#1720-3,
Song Jung – Dong, Kangson – Gu, Pusan, Korea
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Tel |
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++82-051-832-1901
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Fax
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++82-051-832-1905
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CEO
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Mr.
Park Yong Hyun
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Sale manager
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Seo Jae
Ho
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Website
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www.ygs.co.kr
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Email
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ygst3688@korea.com
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Share |
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100% |
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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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Normal |
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Previous Payments |
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Average |
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Payment status |
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Normal |
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Past Financial Situation |
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Average |
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Current Financial Situation |
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Developed |
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Litigation Data |
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No record |
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Bankruptcy |
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No record |
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Sale Methods |
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Directly sell to its clients or export to
foreign markets |
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Payment Methods |
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Payment through out bank by L/C, TT |
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FINANCIAL DATA |
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The subject has just been
established in the Middle of 2005. So its financial data is not available. |
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INTERPRETATION ON
THE SCORES |
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YGS VINA CO., LTD is a 100% foreign invested company of Korea. The
subject was established in the Middle of 2005 with the original investment
capital about 2,000,000 USD. The subject is now specializing in manufacturing stainless steel (like: sheet, coils, pipe…etc), and
products from stainless steel. The parent company of the subject is
Young Gwang Stainless Co., ltd, which is also trading in stainless steel
field. The subject has a factory located lot II, 25B Str, Nhon Trach II
Industrial zone, Nhon Trach district, Dong Nai province of Vietnam. Its
factory was equipped with modern machine lines from Korea. Currently, the
subject imports materials from China, Korea for production, and its products
are distributed in all Vietnam and foreign market (Singapore, Hong Kong,
Korea…). The subject has no other branch in Vietnam market. It mainly sells
through agencies in Hochiminh city. The subject has just been founded for no long time. So its financial
statement is not available. The subject only has 30 employees and its
management board is Korean persons. The current investment capital of the
Subject is 15,000,000 USD and legal capital is 5,000,000 USD. The subject
plans to widen its factory with about 50 employees. The premises &
facilities of the subject are fairly good. The future prospect of the subject
is fairly bright. In general, the subject is operating on the small-medium scale.
Although the subject has been established for no long time, its financial
status is fairly ensured. The subject has capacity to meet normal financial
commitments. Caution needed for big business transactions. |
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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%)