MIRA
INFORM REPORT
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Report Date : |
05.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
HOANG KHANG PRIVATE ENTERPRISE |
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Registered Office : |
No. 6, BC 3 (Bau Cat 3) Street, Ward 14, Tan Binh District, Hochiminh
City |
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Country : |
Vietnam |
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Financials (as on) : |
2006 |
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Date of Incorporation : |
2002 |
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Com. Reg. No.: |
4101005001 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Trading in Fabrics, Garment Products and Labor
Safety Equipment |
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 Concern |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUBJECT IDENTIFICATION &
LEGAL FORM
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English Name
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HOANG KHANG PRIVATE ENTERPRISE
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Vietnamese name |
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DOANH NGHIEP TU NHAN HOANG KHANG |
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Trade Name |
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HOANG KHANG PTE LTD |
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Type of Business |
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Sole
proprietorship |
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Foundation |
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2002 |
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Business Registration No. |
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4101005001 |
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Date of Issuance |
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September 19th
2002 |
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Place of Issuance |
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Planning and
Investment Department of Hochiminh City |
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Registered Capital |
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1,500,000,000 VND |
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Tax Code |
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0302729254 |
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Total Employees |
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20 employees |
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Qualification |
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Normal |
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Notes: The given name, Hoang Khong Pte is not
the correct name of the subject. The correct name of the Subject is Hoang
Khang Pte Ltd. |
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ADDRESS
Head Office
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Address |
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No. 6, BC 3 (Bau Cat 3) Street, Ward 14,
Tan Binh District, Hochiminh City |
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Country |
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Vietnam |
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Tel |
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(84-8) 9491290 / 8490309 |
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Fax |
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(84-8) 8493237 |
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DIRECTORS
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1.
NAME |
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Mrs.
NGUYEN THI THUY MY |
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Position |
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Director |
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I.D No |
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020970414 |
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Resident |
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No. 343/8 Nguyen
Trong Tuyen Street, Ward 1, Tan Binh District, Hochiminh City |
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Nationality |
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Vietnamese |
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BUSINESS NATURE AND ACTIVITIES
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The subject
registered in the following lines of business: Commercial
services Trading in
fabrics, garment products and labor safety equipment |
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IMPORT & EXPORT ACTIVITIES
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IMPORT: The subject
imports goods from Taiwan and China |
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EXPORT: N/A |
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BANKERS
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1.
DONG A BANK |
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Address |
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No. 130 Phan Dang Luu Street, Ward 13, Phu
Nhuan Dist, Hochiminh city, Vietnam |
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Tel |
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((84-8) 8446739 |
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Fax |
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(84-8) 9952092 |
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Swift |
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EACBVNVX |
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SHAREHOLDERS
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1.
NAME |
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Mrs.
NGUYEN THI THUY MY |
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I.D No |
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020970414 |
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Resident |
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No. 343/8 Nguyen
Trong Tuyen Street, Ward 1, Tan Binh District, Hochiminh City |
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Nationality |
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Vietnamese |
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Share |
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100% |
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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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Normal |
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Payment status |
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Normal |
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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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Normal |
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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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Sales methods |
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Directly to clients and through its agents |
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FINANCIAL DATA
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Unit:
1,000,000 VND |
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Description |
2006 |
2005 |
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Current assets & Short term Investment |
13,452 |
10,738 |
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Fixed assets and long-term investment |
856 |
0 |
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Total
Assets |
14,308 |
10,738 |
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Payable |
10,703 |
6,700 |
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Owner’s Equity |
3,605 |
4,038 |
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Total
Liability and Equity |
14,308 |
10,738 |
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Total
Revenue |
44,355 |
45,713 |
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Deduction items |
1,113 |
1,182 |
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Net
Revenue |
43,242 |
44,531 |
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Net Income From business Activities |
3,401 |
4,803 |
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Net Income From Financial Operation |
-440 |
0 |
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Irregular Profit |
0 |
0 |
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Total
pre-tax Profit |
2,961 |
4,803 |
INTERPRETATION ON THE SCORES
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The Subject is a sole
proprietorship company which was established in 2002. The subject specializes in
processing and trading in fabrics and garment products. Facilities of the subject are
small. Formerly, the subject had a shop at Dong Khanh Trading Center.
Currently, that shop was stopped operation. The subject has a workforce of 20
members. Management capacity of the subject is normal. The subject owner has
operated in this field for a long time. She established Tan Thuan Thien
Trading Company Limited in the year 1994. In February 2001, she dissolved Tan
Thuan Thien Company. In September 2002, she established the subject- Hoang
Khang Pte Ltd Businesses of the subject are not
very busy. Competition capacity of the subject is not strong but the subject
has established a stable market share. In relation with suppliers and
bankers, the subject has good payment. |
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The company’s stability is expected to be IMPAIRED by adverse changes in circumstances and economic
conditions. |
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%)