MIRA
INFORM REPORT
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Report Date : |
19.09.2007 |
IDENTIFICATION DETAILS
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Name : |
NAM VIET FUMIGATION JOINT STOCK COMPANY |
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Registered Office : |
Block C19A, Road NO.9, Le Minh Xuan Industrial Zone, Binh Chanh Dist, |
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Country : |
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Date of Incorporation : |
2006 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Providing fumigation and pet management. Producing, processing and trading in fertilizer and pesticides. |
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. |
Small |
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Status : |
Small Company |
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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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NAM VIET FUMIGATION JOINT STOCK COMPANY
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Vietnamese name |
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CONG TY CO PHAN
KHU TRUNG |
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Trade Name |
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NAM VIET FUMIGATION JOINT STOCK COMPANY |
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Type of Business |
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Joint Stock
Company |
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Founded |
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2006 |
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Business Registration No. |
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4103004436 |
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Date of Issuance |
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March 10th
2006 |
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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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1,800,000,000 VND |
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Tax Code |
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0304244791 |
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Total Employees |
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60 employees |
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Qualification |
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ADDRESS |
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Registered Head Office &
Factory Location
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Address |
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Block C19A, Road NO.9, Le Minh Xuan
Industrial Zone, Binh Chanh Dist, |
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Country |
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Tel |
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(84-8) 7661713-7682119 |
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Fax |
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(84-8) 7682120 |
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Note: This location is also the head office and factory of
Cuu Long Joint Stock Company which is specialized in producing and processing
kinds of pesticides established since 2002. Cuu Long and |
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Transaction Office
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Address |
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37 Street D5, Ward 25, Binh Thanh Dist, |
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Country |
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Tel |
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(84-8) 5127347 |
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Fax |
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(84-8) 5127348 |
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Email |
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Website |
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Address |
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15B Block 15 Dinh Cong Town, Hoang Mai
Dist., Ha |
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Country |
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Tel |
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(84-4) 8699999 |
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Fax |
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(84-4) 8699999 |
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DIRECTORS |
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1.
NAME |
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Mr.
BACH XUAN CHINH |
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Position |
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Director |
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DOB |
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April 18th 1972 |
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ID No |
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024228000 |
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Resident |
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115/866M Nguyen Kiem Str Ward 3, Go Vap
Dist, |
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Nationality |
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Vietnamese |
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Private Tel |
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+84913852552 |
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2.
NAME |
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Mr.
TRAN HUNG |
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Position |
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Fumigation Dept. Manager |
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Resident |
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Nationality |
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Vietnamese |
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BUSINESS NATURE AND
ACTIVITIES |
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The
Subject is specializing in: -
Providing fumigation and pet management. -
Producing, processing and
trading in fertilizer and pesticides. |
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The
subject registered in the following lines of business: -
Providing
environment protecting, hygiene services. -
Providing
fumigation and pet management services, applying and development science and
technology into life services, industrial and civil hygiene, waste treatment
services. -
Trading
in pesticides, materials and tools for fumigation, chemicals. -
Producing,
processing, trading in fertilizer -
Agent for goods consignment. -
Producing,
processing, bottling, packaging pesticides. -
Producing,
processing industrial and agricultural machine. -
Trading
in fumigation materials. |
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IMPORT & EXPORT
ACTIVITIES |
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IMPORT: The Subject
imports products from |
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EXPORT: N/A |
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BANKERS |
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1.
VIETNAM BANK FOR AGRICULTURE AND RURAL DEVELOPMENT |
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Address |
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No. 50 Ben Chuong Duong Str, Dist 1, |
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Country |
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Tel |
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(84-8) 8222752 - 8295434 |
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Fax
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(84-8) 8294063 |
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Swift |
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VBAAVNVX |
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SHAREHOLDERS |
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The Subject is a joint stock company. Its shareholders
are as follows:
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1.
NAME |
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Mr.
BACH XUAN CHINH |
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Position |
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Director |
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DOB |
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April 18th 1972 |
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ID No |
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024228000 |
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Resident |
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115/866M Nguyen Kiem Str, Ward 3, Go Vap
Dist, |
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Nationality |
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Vietnamese |
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Private Tel |
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+84913852552 |
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Share |
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10% |
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Value |
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180,000,000 VND |
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2. NAME
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Ms. DANG MAI HUONG
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Identity
Card
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022996178
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Resident |
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502/68/5
Nguyen Dinh Chieu Str, Ward 4, Dist 3,
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Nationality
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Vietnamese
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Share |
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10% |
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Value |
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180,000,000 VND |
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3. NAME
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Mr. LE HONG THUONG SON
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Identity
Card
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271264228
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Resident |
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544A/42 Lac
Long Quan Str, Ward 5, Dist 11,
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Nationality
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Vietnamese
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Share |
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10% |
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Value |
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180,000,000 VND |
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4. NAME
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Mr. NGUYEN HUU DINH
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Identity
Card
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024247081
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Resident |
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100/4 Phan
Van Han Str, Ward 17, Binh Thanh Dist,
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Nationality
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Vietnamese
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Share |
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10% |
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Value |
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180,000,000 VND |
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5. NAME
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Mr. NGUYEN QUY THANG
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Identity
Card
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023007160
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Resident |
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27/6 Vo Thi
Sau Str, Da Kao Ward, Dist 1,
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Nationality
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Vietnamese
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Share |
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20% |
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Value |
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360,000,000 VND |
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Note: Mr. Nguyen Quy Thang is director of Cuu Long Joint Stock Company. |
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6. NAME
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Mr. NGUYEN THANG LONG
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Identity
Card
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000015834
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Resident |
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A9 Road 26-3,
Ward 17, Go Vap Dist,
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Nationality
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Vietnamese
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Share |
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10% |
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Value |
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180,000,000 VND |
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7. NAME
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Mr. NGUYEN VAN KIEN
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Identity
Card
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151174419
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Resident |
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Hamlet 8, An
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Nationality
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Vietnamese
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Share |
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10% |
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Value |
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180,000,000 VND |
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8. NAME
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Mr. TRAN LE DUY
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Identity
Card
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020167424
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Resident |
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174/2 Le
Lai Str, Ben Thanh Ward, Dist 1,
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Nationality
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Vietnamese
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Share |
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10% |
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Value |
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180,000,000 VND |
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PAYMENT HISTORY AND
EXPERIENCES |
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Trade Morality |
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Average |
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Liquidity |
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Average |
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Previous Payments |
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Average |
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Payment status |
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Past Financial Situation |
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Average |
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Current Financial Situation |
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Average |
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Litigation Data |
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No recorded |
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Bankruptcy |
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No recorded |
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Public opinion |
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Payment Methods |
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Direct payment or through its corresponding
bank. Foreign remittance by letter of credit (L/C), by telegraphic transfer
(T/T). |
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FINANCIAL DATA |
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The Subject is a new company. Its financial
Statement is not available. |
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INTERPRETATION |
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Nam Viet is a joint stock company. It was established in March 2006 specializing in providing fumigation and pet management. Besides services, the subject is also producing and trading in pesticides and fertilizers. Although the subject is a young company, almost management board has many years of experiences in the field. The subject has close relationship with Cuu Long Joint stock
company which is specialized in producing, processing and trading in
pesticides and fertilizers. Owners of Cuu Long are also main shareholders of
the subject. Two companies have the same registered head office and factory
but their principle transaction are carried out at the representative offices
at other places. Formerly, transaction office of the subject is at The subject is a new company so its market is not large. Its position and competitive capability in the industry is still small. It is now in progress of looking for more partners to expand its business. Management boards and the staff of the subject are working fairly actively and enthusiasm. Basing on experienced and business relation of these persons, the subject is considered to have many chances of growing well in the future. |
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The company’s stability is expected to be IMPAIRED by adverse changes in circumstances and economic conditions. |
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CREDIT INQUIRY: 1,500,000 USD, Against D/A Term |
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This amount is
too big for the subject. The guarantee by the bank is necessary. |
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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%)