MIRA
INFORM REPORT
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Report Date : |
12.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
QUYNH LAM PRIVATE ENTERPRISE |
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Registered Office : |
No. 42/12 Nguyen Minh Hoang Str, Ward 12, Tan Binh Dist, Hochiminh
City |
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Country : |
Vietnam |
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Financials (as on) : |
2005 |
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Date of Incorporation : |
2001 |
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Com. Reg. No.: |
4101002877 |
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Legal Form : |
One Owner Private Enterprise |
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Line of Business : |
Trading Machinery, Equipments and Spare Part
of Agriculture Branch |
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 |
SUBJECT IDENTIFICATION &
LEGAL FORM
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English Name
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QUYNH LAM PRIVATE ENTERPRISE
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Vietnamese
Registered Name |
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DOANH
NGHIEP TU NHAN QUYNH LAM |
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Type
of Business |
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One
Owner Private Enterprise |
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Founded |
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2001 |
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Business
Registration |
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4101002877 |
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Issuance
on |
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July
3rd, 2001 |
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Issuance
by |
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Planning
and Investment Department of Hochiminh City |
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Registered
Capital |
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1,200,000,000
VND |
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Tax
code |
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0302345723 |
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Total
Employees |
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10
employees |
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ADDRESSES
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Head Office |
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Address |
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No.
42/12 Nguyen Minh Hoang Str, Ward 12, Tan Binh Dist, Hochiminh City |
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Country |
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Vietnam |
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Tel
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(84-8)
293 8447 |
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Fax |
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(84-8)
293 8448 |
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Email |
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dodo2510@yahoo.com sttc@hcm.vnn.vn |
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DIRECTORS
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1.
NAME |
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Mr.
DO NGOC LAM |
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Position
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Director |
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Passport
No |
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Z8022863 |
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Resident
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No.
7281 Maple St, Westminster, CA 92683, USA |
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Nationality |
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United
State of American (Vietnamese Oversea) |
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Mobile
Phone |
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++84
903 948 899 |
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2.
NAME |
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Mr.
DINH MANH CUONG |
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Position |
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Accountant |
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Resident
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Hochiminh
City-Vietnam |
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Nationality |
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Vietnamese |
BUSINESS NATURE AND ACTIVITIES
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The
subject is specializing in trading machinery, equipments and spare part of
agriculture branch. Subject
is registered in many field such as:
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IMPORT & EXPORT ACTIVITIES
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IMPORT: Subject imports
products from USA, Singapore, Taiwan and China. |
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EXPORT: N/A |
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BANKERS
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VIETNAM TECHNOLOGICAL AND COMMERCIAL JOINT STOCK
BANK (TECHCOMBANK) |
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Address |
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No. 7 Cong Hoa Street,
Ward 4, Tan Binh Dist, HoChiMinh City, Vietnam |
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Tel |
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(84-8) 8117534/
6 |
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Fax |
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(84-8) 8116896 |
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Telex |
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411349HSCTCB |
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Swift |
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VTCBVNVX |
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SHAREHOLDER(S)
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NAME |
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Mr.
DO NGOC LAM |
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Position
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Owner |
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ID
Number |
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Z8022863 |
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Resident
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7281
Maple St, Westminster, CA 92683, USA |
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Nationality |
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United
State of American |
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Share |
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100% |
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Value |
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1,200,000,000
VND |
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FINANCIAL DATA
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We tried to collect the financial data of the
subject in recent years but not available. Following is the financial
highlight in 2005. |
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Unit: 1,000,000
VND |
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Description |
2005 |
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Current assets
& Short term investment |
748 |
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Fixed assets
& Long term investment |
439 |
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Total assets |
1,187 |
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Payable |
598 |
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Owner’s Equity |
589 |
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Total Liability and Equity |
1,187 |
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Total revenue |
1,280 |
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Deduction Items |
0 |
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Net revenue |
1,280 |
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Net income from business activities |
4 |
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Net income from financial operation |
-6 |
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1 |
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-1 |
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PAYMENT HISTORY AND EXPERIENCES
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Trade
Morality |
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Normal |
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Liquidity |
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Average |
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Payment
status |
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Normal |
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Financial
Situation |
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Normal |
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Development
trend |
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Normal |
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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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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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INTERPRETATION ON THE SCORES
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QUYNH
LAM PRIVATE ENTERPRISE was established since January
2001. Subject has 1.2 billion VND registered capital and small group
employees about 10 persons now. Subject is located at no. 42/12 Nguyen Minh Hoang
Str, Ward 12, Tan Binh Dist, Hochiminh City with total 15 employees. The subject is specializing in trading machinery,
equipments and spare part of agriculture branch. Subject imports products
from USA, Singapore, Taiwan and China and provide them to domestic market
only. Subject
is a small company in this field. Financial capacity and solvency of the
subject is average. The premises and facilities of the subject are normal.
The management capability of the subject is average. The position of the
subject in the industry is humble. In overview, the subject is a small sized
enterprise operating at normally, its development is normal. The subject is
capable to meet small commitments. Caution needed for normal and big business
transactions. |
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%)