MIRA
INFORM REPORT
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Report Date : |
05.10.2007 |
IDENTIFICATION DETAILS
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Name : |
MKVN CHEMICALS COMPANY LIMITED |
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Registered Office : |
No. 181, Dien Bien Phu Str, DaKao Ward, Dist 1, Hochiminh City |
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Country : |
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Date of Incorporation : |
2003 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trading in chemicals, metals, nonferrous
metals and adjuvant of cosmetic branch. |
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 : |
No Complaints |
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Litigation : |
Clear |
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SUBJECT
IDENTIFICATION & LEGAL FORM |
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English Name
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MKVN CHEMICALS COMPANY LIMITED
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Vietnamese Name |
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CONG TY TNHH HOA CHAT M.K.V.N |
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Trade name |
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MKVN CHEMICALS CO., LTD |
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Abbreviated Name |
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MKVN CO,. LTD |
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Founded |
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2003 |
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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. 4102016299 |
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Date of Issuance |
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June 17th,
2003 |
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Place of
Issuance |
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Planning and
Investment Department of |
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Registered Capital |
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5,000,000,000 VND |
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Tax Code |
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0302973502 |
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Employees |
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24 persons |
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Qualification |
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ADDRESSES |
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Head office
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Address |
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No. 181, Dien Bien Phu Str, DaKao Ward,
Dist 1, Hochiminh City |
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Country |
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Tel |
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(84-8) 8247847/8257898 |
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Fax |
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(84-8) 825 7899 |
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Email |
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Address |
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2nd Floor, 9 Room, 17 No, Ngo Quyen
Str, Trang Tien Ward, Hoan Kiem Dist, |
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Country |
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Registered License |
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No. 0112010544 |
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Tel |
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(84-4) 936 1417 |
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Fax |
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(84-4) 936 1416 |
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Email |
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Director of Branch |
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Mr. VUONG MANH HUNG |
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Contact number |
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++84 903 805 368 |
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DIRECTORS |
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1.
Name |
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Mr.
NGUYEN VAN BAO |
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Position |
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Director |
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Address |
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No. 183-B36, Str 26-3, Ward 16, Go Vap
Dist, |
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Nationality |
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Vietnamese |
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I.D No |
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023858872 |
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Issued by |
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Police Station of |
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Contact |
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++84 903 805370 |
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2.
Name |
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Ms.
HANG THI TUYET |
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Position |
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Vice Director – Legal Representative by
law |
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Address |
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No. 28/10, Truong Chinh Str, Ward 14,Tan
Binh Dist, |
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Nationality |
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Vietnamese |
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I.D No |
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021739171 |
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Issued by |
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Police Station of |
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Email |
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Contact number |
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++84 903 841357 |
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Note: Ms. HANG THI TUYET is both the Vice Director and Chief Accountant of MKVN Chemicals Company. |
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BUSINESS NATURE
AND ACTIVITIES |
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The subject specializes
in trading in chemicals, metals, nonferrous metals and adjuvant of cosmetic
branch. |
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Besides, the subject registered in: + Commercial Service, + Agency of consign goods + Producing chemicals of weave
branch |
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IMPORT & EXPORT
ACTIVITIES |
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IMPORT: The Subject imports products from the market
of ASIA, EUROPE, and |
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EXPORT: N/A |
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BANKERS |
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1.
ASIA COMMERCIAL JOINT STOCK BANK (ACB BANK) |
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Address |
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No. 30 Mac Dinh Chi Str, Da Kao Ward, Dist
1, |
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Country |
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Tel |
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(84-8) 8243770 |
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Fax |
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(84-8) 8243946 |
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Telex |
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813158ACBVT |
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Swift |
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ASCBVNVX |
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2. HONGKONG SHANGHAI BANK CORPORATION
(HSBC) |
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Adresse |
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No.235, Dong Khoi Str, Dist 1, |
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Country |
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Tel |
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(84-8) 829 2288 |
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Fax |
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(84-8) 823 0530 |
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Swift |
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HSBCVNVX |
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3.
VIETNAM BANK FOR FOREIGN TRADE (VIETCOMBANK) –TAN DINH BRANCH |
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Address |
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No. 72, Pham Ngoc Thach Str, Ward 6, Dist
3 |
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Country |
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Tel |
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(84-8) 820 6845 |
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Fax |
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(84-8) 820 6846 |
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SHAREHOLDERS |
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The
subject is a Limited liability company. Following are its owners:
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1.
Name |
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Mr.
NGUYEN VAN BAO |
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Position |
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Director |
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Address |
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No. 183-B36, Str 26-3,Ward 16, Go |
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Nationality |
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Vietnamese |
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I.D No |
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023858872 |
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Issued by |
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Police Station of |
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Contact number |
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++84 903 805370 |
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Share |
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30% |
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Value |
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1,500,000,000 VND |
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2.
Name |
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Ms.
HANG THI TUYET |
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Position |
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Vice Director – Representative by law |
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Address |
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No. 28/10, |
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Nationality |
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Vietnamese |
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I.D No |
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021739171 |
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Issued by |
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Police Station of |
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Email |
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Contact number |
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++84 903 841357 |
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Share |
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40% |
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Value |
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2,000,000,000 VND |
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3.
Name |
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Ms.
DUONG THI THANH BINH |
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Position |
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Shareholder |
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Address |
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No. 16, Huynh Khuong An Str, Ward 5, Go
Vap Dist, |
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Nationality |
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Vietnamese |
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I.D No |
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022874142 |
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Issued by |
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Police Station of |
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Share |
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30% |
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Value |
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1,500,000,000 VND |
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PAYMENT HISTORY
AND EXPERIENCES |
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Trade Morality |
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Liquidity |
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Average |
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Previous Payment Status |
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Average |
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Current Payment Status |
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Developed |
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Past Financial Situation |
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Current Financial Situation |
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Developed |
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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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Mode of Payment |
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TTR 90 days – 120 days |
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Sales methods |
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Directly to clients or
though it’s agency |
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FINANCIAL DATA |
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The subject’s financial statement is not
available. Following is its financial highlight which was directly collected
from the subject: |
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Description |
2006 |
2005 |
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Total Revenue |
120,000,000,000 VND |
117,600,000,000 VND |
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Registered Capital |
5,000,000,000 VND |
5,000,000,000 VND |
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INTERPRETATION |
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The subject is a Limited Liability Company that was established in the year 2003. The subject specializes in trading in chemicals and adjuvant of cosmetic branch. The subject provides goods directly to consumers through its
some shops. It also distributes to some small private enterprises and shops
in the city. The subject is the official distributor of Cognis and Henkel
corporation. Normally, these products are mainly imported from foreign
partners, such as With 3 years of operating in this field, everything seems the started point with the subject. Its growth is over 10 percent/per year. It has not much business relationships and it is now looking for more partners. The premises and facilities of the subject are normal. Its organization and management ability are relative. The business operation of the subject is fairly busy now. Its market share is rather stable. In overview, the subject is operating fairly effectively and has good development. However, in comparison with other corporations in the same field, the subject is a small-medium enterprise. It is necessary for the subject to expand its scale to compete with other competitors. The subject has capacity to meet financial commitments. No caution needed for small 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. |
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%)