MIRA
INFORM REPORT
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Report Date : |
02.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
JOINT STOCK PHARMACEUTICAL VIETNAM AMPHARCO |
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Registered Office : |
Nhon Trach Industrial Park, HiepPhuoc Commune, Nhon Trach Dist, Dong
Nai Province |
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Country : |
Vietnam |
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Date of Incorporation : |
2001 |
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Com. Reg. No.: |
4703000020 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacturing and Trading Drug and
Nutrition Foods, Trading Cosmetics |
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 |
SUBJECT IDENTIFICATION & LEGAL FORM
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English Name
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JOINT - STOCK PHARMACEUTICAL VIETNAM AMPHARCO
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Vietnamese Name |
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CONG TY CO PHAN DUOC PHAM VIET NAM - AMPHARCO |
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Abbreviated Name |
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AMPHARCO |
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Founded |
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2001 |
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Type of Business |
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Joint Stock
Company |
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Establishment
Decision |
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No.185/CN-KCN |
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Business
registration |
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4703000020 |
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Issued on |
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October 1st,
2001 |
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Issued by |
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Planning and
Investment Department of Dong Nai Province |
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Registered Capital |
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16,005,000,000 VND |
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Tax code |
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3600510960 |
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Stock Code |
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AMPHARCO |
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Total Employees |
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630 employees of whole company |
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Qualification |
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Normal |
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Note: Kindly, note that the exact short name is AMPHARCO, not as given
name “AMPHARXO” |
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ADDRESS
Registered Head Office
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Address |
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Nhon Trach Industrial Park, HiepPhuoc
Commune, Nhon Trach Dist, Dong Nai Province |
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Country |
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Vietnam |
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Tel |
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(84-61) 560 204 - 560 205 |
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Email |
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Website |
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Legal Representative |
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Mr. NGUYEN XUAN NHAN (Chairman and General
Director) |
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Note: Although head office of the subject
is in Dong Nai Province, the tax address registration is in Hochiminh (Tax
Code: 3600510960). |
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Branch
in Hochiminh City |
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Address |
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Lot III, No. 20B Street Number 1, Tan Binh
Industrial Park, Tay Thanh Ward, Tan Phu Dist, Hochiminh City |
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Country |
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Vietnam |
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Business
registration |
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03006515CN47 |
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Issued on |
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December 17th,
2001 |
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Issued by |
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Planning and
Investment Department of Hochiminh City |
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Tel |
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(84-8) 815 6880 - 815 6887 - 865 6489 -
822 1706 |
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Fax |
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(84-8) 815 6881 - 865 6483 |
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Legal Representative |
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Mr. PHAN MINH TUAN |
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Resident |
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No. 543 3/2 Str, Ward 8, Dist 10, Hochiminh
City |
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Note: The Address at "Lot III, No.
20B Street Number 1, Tan Binh Industrial Park, Tay Thanh Ward, Tan Phu Dist,
Hochiminh City" is just the address of Hochiminh Branch of the subject. |
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Representative
Office |
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Address |
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No. 40 Ba Huyen Thanh Quan, Ward 6, Dist
3, Hochiminh City |
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Country |
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Vietnam |
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Tel |
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(84-8) 930 6173 - 930 8137 |
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Fax |
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(84-8) 930 6179 |
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DIRECTORS
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1.
NAME |
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Ms. NGUYEN XUAN NHAN |
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Position |
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Chairman and General Director,
Legal Representative |
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Qualification |
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Pharmacist |
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Nationality |
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Vietnamese |
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2.
NAME |
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Mr.
NGUYEN VY HOANG |
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Position |
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Deputy Chairman and Deputy General
Director |
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Qualification |
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Pharmacist and PhD in USA |
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Nationality |
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Vietnamese |
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3.
NAME |
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Mr.
HUA THE DUC |
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Position |
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Managing Director |
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Qualification |
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PhD and Associate Professor in France
republican University |
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Nationality |
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Vietnamese |
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4.
NAME |
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MR.
FRANCIS MOLARD |
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Position |
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R & D Director |
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Qualification |
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PhD in Pharmaceuticals |
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5.
NAME |
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Mrs.
NGUYEN THI HOI |
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Position |
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Factory
Director |
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Qualification |
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Pharmacist |
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Nationality |
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Vietnamese |
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6.
NAME |
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Mr.
TRUONG QUANG CAM |
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Position |
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Sales Manager |
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Qualification |
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MBA |
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Nationality |
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Vietnamese |
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7.
NAME |
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Mr.
LOUIS VILLAR |
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Position |
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Marketing Manager |
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BUSINESS NATURE AND ACTIVITIES
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The subject specializes in manufacturing and trading drug
and nutrition foods, trading cosmetics. |
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IMPORT & EXPORT ACTIVITIES
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IMPORT: The subject
imports goods from America, France, Italia, and Indian... |
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EXPORT: N/A |
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BANKERS
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VIETNAM
BANK FOR FOREIGN TRADE (VIETCOMBANK) - Dist 10 Branch |
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Address |
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No. 664 Su Van Hanh Str, Ward 12, Dist 10,
Hochiminh City |
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Country |
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Vietnam |
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Tel |
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(84-8) 866 2156 |
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Fax |
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(84-8) 862 4806 |
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Telex |
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811234/5 VVB-VT |
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Swift |
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BFTVVBVX 007 |
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SHAREHOLDER
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The subject is a joint stock company.
Following are main shareholders. And some of shares are now public sale on
OTC market. |
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1.
NAME |
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Ms. NGUYEN XUAN NHAN |
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Position |
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Chairman and General Director,
Legal Representative |
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Qualification |
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Pharmacist |
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Nationality |
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Vietnamese |
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2.
NAME |
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Mr.
NGUYEN VY HOANG |
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Position |
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Deputy Chairman and Deputy General Director |
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Qualification |
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Pharmacist and PhD in USA |
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Nationality |
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Vietnamese |
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3.
NAME |
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Mr.
HUA THE DUC |
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Position |
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Managing Director |
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Qualification |
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PhD and Associate Professor in France
republican University |
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Nationality |
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Vietnamese |
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4.
NAME |
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Mrs.
NGUYEN THI HOI |
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Position |
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Factory
Director |
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Qualification |
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Pharmacist |
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Nationality |
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Vietnamese |
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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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Payment status |
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Average |
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Past Financial Situation |
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Average |
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Current Financial Situation |
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Fairly good |
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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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Fairly good |
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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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Sale Methods |
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Direct to clients |
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FINANCIAL DATA
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The financial statement of the subject is
not available. |
INTERPRETATION ON THE SCORES
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The subject was established in 2001. It is a
joint stock company in pharmacy in Vietnam. It now specializes in manufacturing and trading in drug
and nutrition foods, and cosmetics. Businesses of the subject are more and more
widened. Currently, the subject has workforce of more than 630 employees with
professional knowledge and devotion in pharmaceuticals. Financial status of
the subject is bright. The business activity of the subject is really busy
now. In June 22nd, 2007, JOINT - STOCK PHARMACEUTICAL VIETNAM AMPHARCO had an
opening ceremony new manufacturing pharmaceutical products factory (with
64,000 square meters in area) in Nhon Trach Commune, Dong Nai Province with
total investment capital 15 millions USD. This factory is the first
pharmaceutical factory in Vietnam which has Certificate of good manufacturing
practice and Certificate
of good storage practices
of World Health Organization (WTO). The subject is the sole distributor of many
famous pharmacy companies in United Sate of America, France, Italy, and
India... Premises and facilities of the subject are standard. Management
capacity of the subject is good. Competitive capacity of the subject is
fairly strong. Its businesses are being gone effectively. Generally, the subject is a rather big and strong
joint stock company. No caution needed for average size payments. |
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To be
rated at BB, The company is expected to be VULNERABLE TO ADVERSE
changes in circumstances and economic conditions. |
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CREDIT INQUIRY: 500,000 USD
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Acceptable! |
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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%)