MIRA
INFORM REPORT
|
Report Date : |
05.08.2008 |
IDENTIFICATION
DETAILS
|
Name : |
TRUONG AN TRANSPORTATION COMPANY LIMITED |
|
|
|
|
Registered Office : |
Group 5, Tan Duong Commune, Thuy Nguyen District,
Hai Phong City |
|
|
|
|
Country : |
Vietnam |
|
|
|
|
Financials (as on) : |
31.12.2006 |
|
|
|
|
Date of Incorporation : |
2004 |
|
|
|
|
Com. Reg. No.: |
0202002169 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Transportation Service on Land and River Trading Coal, Fuel, Transportation Equipment, Agriculture Products, Handicraft Products |
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
|
|
||
Registered English Name
|
|
TRUONG AN
TRANSPORTATION COMPANY LIMITED |
|
Registered Vietnamese Name |
|
CONG
TY TNHH VAN TAI TRUONG AN
|
|
Abbreviated name |
|
T
& A CO., LTD
|
|
Type of Business |
|
Limited Liability Company |
|
Founded |
|
2004 |
|
Business Registration No. |
|
0202002169 |
|
Issuance on |
|
September 21st 2004 |
|
Issuance by |
|
Hai Phong Department of Planning and Investment |
|
Registered Capital |
|
8,000,000,000 VND |
|
Tax code |
|
0200600357 |
|
Total Employees |
|
30 |
|
|
||
ADDRESSES
|
|
||
|
Head Office: |
||
|
Address |
|
Group 5, Tan Duong
Commune, Thuy Nguyen District, Hai Phong City |
|
Country |
|
Vietnam |
|
Tel |
|
(84-31) 3835868 |
|
Fax |
|
(84-31) 3869186 |
|
|
||
DIRECTORS
|
|
||
|
1.
NAME |
|
Mr.
PHAM VAN THANG |
|
Position |
|
Director |
|
Contact Address |
|
Group 5, Tan Duong
Commune, Thuy Nguyen District, Hai Phong City |
|
Nationality |
|
Vietnamese |
|
|
||
|
2.
NAME |
|
Mr.
DOAN DUC ANH |
|
Position |
|
Vice Director |
|
Contact Address |
|
Group 5, Tan Duong
Commune, Thuy Nguyen District, Hai Phong City |
|
Nationality |
|
Vietnamese |
|
|
||
BUSINESS NATURE AND ACTIVITIES
|
|
|
The subject registers and operates in the
following business activities: |
|
-
Transportation service on land and river -
Trading coal, fuel, transportation equipment, agriculture products,
handicraft products -
Construction in civil and industrial projects -
Maintenance and renew boats -
Service for import goods -
Hotel and restaurant trading -
… |
|
|
IMPORT & EXPORT ACTIVITIES
|
|
|
IMPORT: N/A |
|
EXPORT: N/A |
|
|
BANKERS
|
|
||
|
MARITIME
BANK |
||
|
Address |
|
No. 5A, Nguyen Tri Phuong Str, Minh Khai
Ward, Hong Bang Dist, Hai Phong City
|
|
Country |
|
Vietnam |
|
Tel |
|
(84-31) 3747096 |
|
Fax |
|
(84-31) 3823892 |
|
|
||
|
BANK
FOR INVESTMENT AND DEVELOPMENT OF VIETNAM – HAI PHONG BRANCH |
||
|
Address |
|
No. 68-70 Dien Bin Phu Str, Minh Khai
Ward, Hong Bang Dist, Hai Phong City
|
|
Country |
|
Vietnam |
|
Tel |
|
(84-31) 3842062 |
|
Fax |
|
(84-31) 3842480 |
|
|
||
SHAREHOLDER(S)
|
|
||
Note: The subject does not agree to supply full list
of shareholder, following is the main owners of the subject
|
||
|
1.
Name |
|
Mr.
PHAM VAN THANG |
|
Position |
|
Director |
|
ID Number |
|
030981331 |
|
Contact Address |
|
Group 5, Tan Duong
Commune, Thuy Nguyen District, Hai Phong City |
|
Country |
|
Vietnamese |
|
|
||
|
2.
Name |
|
Mr.
DOAN DUC ANH |
|
Position
|
|
Vice Director |
|
Contact Address |
|
Group 5, Tan Duong
Commune, Thuy Nguyen District, Hai Phong City |
|
Country |
|
Vietnamese |
|
|
||
FINANCIAL DATA
|
|
|
|
BALANCE
SHEET |
|
Unit: VND in
Million
|
|
|
Balance sheet
date |
31/12/2006 |
|
Number of weeks |
52 |
ASSETS
|
|
|
A.
Working assets & short-term Investment |
1,404 |
|
Receivables |
863 |
|
Inventory |
541 |
|
B. Fixed assets
& Long term investment |
13,588 |
|
Fixed assets |
13,588 |
|
Tangible fixed assets |
13,588 |
|
+ Original cost |
13,879 |
|
+ Accumulated depreciation
value |
-291 |
|
Other fixed asset |
0 |
|
Capital construction in progress |
0 |
|
TOTAL ASSETS |
14,992 |
|
LIABILITIES |
|
|
Payable loans |
9,023 |
|
Owner’s Equity |
5,969 |
|
TOTAL LIABILITY
AND EQUITY |
14,992 |
|
|
|
PROFIT & LOSS STATEMENT
|
|
|
|
Description |
2006 |
|
Total
revenue |
1,295 |
|
Deductions Items |
0 |
|
1. Net revenue |
1,295 |
|
2. Cost of goods sold and operation expense |
1,325 |
|
3. Net income from business activities |
-30 |
|
Income from financial activities |
0 |
|
Expenditure from financial activities |
0 |
|
4. Net income
from financial operation |
0 |
|
Irregular income |
0 |
|
Irregular expenditure |
0 |
|
5. Irregular
Profit |
0 |
|
6. Total pre-tax
profit |
-30 |
|
|
|
PAYMENT HISTORY AND EXPERIENCES
|
|
||
|
Trade Morality |
|
Average |
|
Liquidity |
|
Normal |
|
Payment status |
|
Average |
|
Financial Situation |
|
Normal |
|
Development trend |
|
Even |
|
Litigation data |
|
No record |
|
Bankruptcy |
|
No record |
|
Payment Methods |
|
TT |
|
Sale Methods |
|
Supply service for customer |
|
|
||
INTERPRETATION ON THE SCORES
|
||
|
|
||
|
The subject is limited liability company. It was established in September
2004 in Hai Phong City. The business of the subject is supplying
transportation service for local customers. The current position in the
industry of the subject is considered average. The head office of the subject in the first time of establishment was
located at An Lu Commune, Thuy Nguyen district, Hai Phong province. Then, it
moved to Tan Duong Commune, Thuy Nguyen District, Hai Phong province. The
subject is operating in river transportation, small ship building and trading
coal. The business scale of the subject has expanded in 2007 in the field of
small ship building and transportation. At present, the operation of the
subject is busy and stays at average scale in the industry. The turnover of
the subject in 2006 was low but it has improved in 2007. The management
capacity of the subject is normal. Most of key positions are in the same
family of the director. The future prosperity of the subject seems average. The operation and finance of Truong An Transportation is considered
normal. The customers of the subject are in Hai Phong city, Quang Ninh
Province and local area. The subject has capacity to meet the small financial
commitment and no caution needed for the small business transactions. |
||
|
|
||
|
This credit inquiry is not reliable for the Subject. Pls caution
needed. |
||
|
|
||
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.42.40 |
|
UK Pound |
1 |
Rs.83.57 |
|
Euro |
1 |
Rs.66.02 |
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%)