MIRA
INFORM REPORT
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Report Date : |
26.12.2008 |
IDENTIFICATION DETAILS
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Name : |
AU VIET TRADING COMPANY LIMITED |
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Registered Office : |
No. D20/ 530A Phong Phu Ward, Binh Chanh District, |
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Country : |
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Financials (as on) : |
2007 (Extracts) |
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Year of Establishment : |
1996 |
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Com. Reg. No.: |
047908 |
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Legal Form : |
Limited Liability
Company |
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Line of Business : |
Trader of Machines, Spare
Parts, Materials, Interior, Building Material, Cosmetic, Dressmaking Fabric,
Clothes, etc |
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 : |
Moderate |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUBJECT IDENTIFICATION &
LEGAL FORM
Registered
English Name
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AU VIET TRADING COMPANY LIMITED
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Registered Vietnamese Name |
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CONG TY TNHH
THUONG MAI AU VIET |
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Registered Abbreviate name |
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AU VIET CO., LTD |
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Type of Business |
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Limited
liability company |
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Founded |
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1996 |
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Business Registration |
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047908 |
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Issuance on |
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June 17th
1996 |
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Issuance by |
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Planning &
Investment Department of Ho Chi Minh city |
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Registered Capital |
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25,000,000,000
VND |
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Tax code |
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0301316381 |
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Total Employees |
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47 |
ADDRESSES
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Head Office |
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Address |
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No. D20/ 530A
Phong Phu Ward, Binh Chanh District, |
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Country |
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Tel |
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(84-8) 37612816 |
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Fax |
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(84-8) 37612817 |
DIRECTORS
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NAME |
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Mr. LAM QUOC VINH |
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Position |
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Director |
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Date of birth |
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August 14th 1967 |
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ID No. |
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022637259 |
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Resident |
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87/34 To Hieu Street, Hiep Tan Ward, Tan Phu District, Ho Chi Minh
city |
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Nationality |
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Vietnamese |
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NAME |
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Ms. LAM THI TU ANH |
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Position |
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Deputy Director |
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ID No. |
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022637224 |
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Resident |
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87/29 To Hieu Street, Hiep Tan Ward, Tan Phu District, Ho Chi Minh
city |
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Nationality |
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Vietnamese |
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NAME |
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Mr. NGUYEN VAN MINH |
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Position |
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Chief Accountant |
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Qualification |
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Accountant |
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Resident |
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Nationality |
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Vietnamese |
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Note: Mr. LAM
QUOC VINH and Ms. LAM THI TU ANH are brothers. |
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BUSINESS NATURE AND ACTIVITIES
The subject specializes in trading machines, spare parts,
materials, interior, building material, cosmetic, dressmaking fabric, clothes,
stationeries, delivery truck, and motorbike.
In addition, the subject also produces plastic film. In recent years,
the subject begins to invest in real estate, infrastructures such as road
system, plumbing, sewage and street lighting system, building civil
architectural and construction project.
IMPORT & EXPORT ACTIVITIES
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IMPORT: |
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EXPORT: N/A |
BANKERS
AGRIBANK
– BINH CHANH BRANCH
Address
Country
Tel (84-8)
38750736
Fax (84-8)
38750262
SHAREHOLDER(S)
The
subject is a Limited
liability company. Its owner as follows:
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1. NAME |
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Mr. LAM QUOC VINH |
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ID No. |
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022637259 |
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Resident |
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87/34 To Hieu Street, Hiep Tan Ward, Tan Phu District, Ho Chi Minh
city |
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Nationality |
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Vietnamese |
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Share |
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96.66% |
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Value |
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24,165,000,000 VND |
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2. NAME |
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Mr. LAM THI TU ANH |
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ID No. |
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022637224 |
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Resident |
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87/29 To Hieu Street, Hiep Tan Ward, Tan Phu District, Ho Chi Minh
city |
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Nationality |
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Vietnamese |
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Share |
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3.34% |
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Value |
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835,000,000 VND |
FINANCIAL DATA
We could not collect the full financial data of the
Subject. Following is the financial highlight.
Unit: 1,000,000 VND
Description 2007
Current assets & Short term investment 9,858
Fixed assets & Long term investment 24,185
Total assets 34,043
Payable 9,323
Owner’s Equity 24,720
Total Liability and Equity 34,043
Total revenue 568
Deduction Items 0
Net revenue 568
Net income from business activities -220
Net income from financial operation 0
Irregular profit 121
Total pre-tax profit -99
PAYMENT HISTORY AND EXPERIENCES
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Trade Morality |
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Liquidity |
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N/A |
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Payment status |
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Average |
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Financial Situation |
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Development trend |
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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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Payment Methods |
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Direct payment or through its corresponding bank. Foreign remittance
by L/C or T/T |
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Directly to clients or through its agents. |
INTERPRETATION ON THE SCORES
Au Viet is a limited liability company which was established in 1996.
Up to now, the
subject had been twenty - two years old in its entire operation. The subject
specializes in trading
machines, spare parts, industrial and building materials, interior,
cosmetic, dressmaking fabric, clothes, stationeries, delivery truck, and
motorbike.
The subject has
experienced in producing and trading building materials, interior – table,
desk, chair, and cupboard – the main products before.
Recently, the
subject has some changes especially is the coming of the new managements – Mr.
Lam Quoc Vinh – the new director and the new board of management. Under the
running of Mr. Vinh, subject imports plastic films from
With the main product is plastic film, the subject directly sells to
clients or medially distributes by supermarket system.
The subject’s financial statement is not
available. Its registered capital is 25,000,000,000 VND. In 1998, the subject’s
sales and administrative overheads are
4,367,755,000 VND and 3,365,478,000 VND. Its profit after tax is
63,277,000 VND in this financial year. However, according to reported 2007
financial data, the total revenue in this year was humble, the Subject only got
568million VND in this year.
In our opinion, the Subject only has
capacity to meet the small business transaction. Pls caution needed for all the
normal ones.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.99 |
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1 |
Rs.72.49 |
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Euro |
1 |
Rs.68.44 |
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%)