MIRA
INFORM REPORT
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Report Date : |
14.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
TYG INTERNATIONAL COMPANY LIMITED – HANOI BRANCH |
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Registered Office : |
No. 9A, Row B, M1 Living Quarter, Tay Mo Commune, Tu Liem Dist, Hanoi
City |
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Country : |
Vietnam |
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Date of Incorporation : |
27.07. 2005 |
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Com. Reg. No.: |
0112021641 |
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Legal Form : |
Branch |
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Line of Business : |
Trading Materials, Machinery, Equipment for Industry Trading Agriculture and Aquatic Products |
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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HANOI BRANCH
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English Name
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TYG
INTERNATIONAL COMPANY LIMITED – HANOI BRANCH |
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Vietnamese Name |
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CHI NHANH CONG TY TNHH QUOC TE TYG TAI HANOI
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Trade name |
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TYGICO
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Type of Business |
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Branch |
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Founded |
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2005 |
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Business Registration |
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0112021641 |
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Issuance on |
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July 27th 2005 |
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Issuance by |
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Hanoi Department of Planning and Investment |
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Tax code |
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2300242613-001 |
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Total Employees |
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20 |
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PARENT COMPANY
English Name
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TYG
INTERNATIONAL COMPANY LIMITED |
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Vietnamese Name |
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CONG TY TNHH
QUOC TE TYG |
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Trade name |
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TYGICO |
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Type of Business |
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Limited Liability Company |
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Founded |
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2004 |
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Business Registration |
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2102000675 |
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Issuance on |
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July 8th, 2004 |
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Issuance by |
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Bac Ninh Planning and Investment Department |
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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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2300242613 |
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Notes: The parent company of the subject is registered
in Bac Ninh province but the business activities of the subject are carried
out at Hanoi’s branch |
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ADDRESSES
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Hanoi Branch’s
Registered Office: |
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Address |
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No. 9A, Row B, M1 Living Quarter, Tay Mo Commune,
Tu Liem Dist, Hanoi City |
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Country |
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Vietnam |
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Tel |
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(84-4) 8394116 |
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Fax |
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(84-4) 8394902 |
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Hanoi
Branch’s Head Office: |
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Address |
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12/1 Banking Mechanical Living Quarter,
Trung Hoa - Nhan Chinh Residential Area,
Thanh Xuan Dist, Hanoi City |
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Country |
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Vietnam |
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Tel |
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(84-4) 556 7437 |
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Fax |
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(84-4) 556 7438 |
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Email |
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Parent Company Head Office |
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Address |
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No.11 Nguyen Huy Tuong Str, Suoi Hai Ward,
Bac Ninh City, Bac Ninh Province |
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Country |
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Vietnam |
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Tel |
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(84-241) 825 815 |
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Fax |
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(84-241) 825 815 |
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Website |
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Email |
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Hai
Phong City Branch |
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Address |
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Group 1, Phu Xa Area, Dong Hai Ward, Hai An Dist, Hai Phong City |
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Country |
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Vietnam |
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Tel |
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(84-31) 3769416 |
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Fax |
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(84-31) 3769417 |
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DIRECTORS
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1.
NAME |
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Mr.
NGUYEN XUAN THANG |
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Position |
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Director |
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Resident |
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Phu Lau Hamlet, Phu Luong Commune, Luong
Tai Dist, Bac Ninh Province |
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Current address |
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No. 9A, Row B, M1 Factory Living Quarter,
Tay Mo Commune, Tu Liem District, Hanoi City |
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Contact address |
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12/1 Banking Mechanical Living Quarter,
Trung Hoa- Nhan Chinh Residential Area, Thanh Xuan District, Hanoi City |
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Nationality |
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Vietnamese
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Mobile |
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+84
913 237 693
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2.
NAME |
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Ms.
NGUYEN THI HAI YEN |
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Position |
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Import Manager |
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Contact Address |
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12/1 Banking Mechanical Living Quarter, Trung
Hoa- Nhan Chinh Residential Area, Thanh Xuan District, Hanoi 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 registers and operates in the following business
activities: |
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Trading materials, machinery, equipment for industry -
Trading agriculture and aquatic products -
Agent for trade -
Agent for buy and sale, consignment of goods -
Service for repairing and maintenance metal products -
Manufacture and processing metal products -
Trade service |
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IMPORT & EXPORT ACTIVITIES
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IMPORT: The subject imports from India, Japan,
China, Taiwan, Thailand, Singapore
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EXPORT: N/A |
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BANKERS
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1.
HABUBANK |
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Address |
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B7 Giang Vo, Ba Dinh Dist, Hanoi City |
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Country |
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Vietnam |
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Tel |
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(84-4) 846 0135 |
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Fax |
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(84-4) 823 5693 |
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Account No |
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0404321370003090672 |
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2.
BANK FOR INVESTMENT AND DEVELOPMENT IN VIETNAM- THANG LONG BRANCH |
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Address |
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Pham Van Dong Str, Co Nhue Ward, Tu Liem
Dist, Hanoi City |
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Country |
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Vietnam |
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Tel |
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(84-4) 838 7118 |
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Fax |
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(84-4) 755 4875 |
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Account No |
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220.10.37.0016305 |
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SHAREHOLDER(S)
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1.
NAME |
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Mr. NGUYEN XUAN THANG
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Position |
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Director |
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Date of birth |
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January 25th, 1973 |
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Former ID number |
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121110601 |
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Issued on |
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February 28th, 1990 |
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Issued by |
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Ha Bac Police Department |
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Current ID number |
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012750732 |
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Issued on |
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March 11th, 2005 |
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Issued by |
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Ha Noi Police Department |
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Current address |
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No.9A, MT2, Row B, M1 Factory Living
Quarter, Tay Mo Commune, Tu Liem Dist, Hanoi City |
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Nationality |
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Vietnamese
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Mobile |
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+84913237693
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Share |
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90% |
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Value |
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1,350,000,000 VND |
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2.
NAME |
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Mr. NGUYEN THI HAI THANH
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Position |
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Shareholder |
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Date of birth |
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January 16th, 1981 |
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ID number |
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168039325 |
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Issued on |
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September 18th, 1998 |
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Issued by |
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Ha Nam Police Department |
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Resident |
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Group 11, Minh Khai, Phu Ly Dist, Ha Nam
Province |
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Current address |
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1st People Complex, Phu Xa
Collective Area, Dong Hai Ward, Hai An Dist, Hai Phong City |
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Nationality |
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Vietnamese
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Share |
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10% |
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Value |
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150,000,000 VND |
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FINANCIAL DATA
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Note: We tried to collect financial data of the subject but it is not
available |
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PAYMENT HISTORY AND EXPERIENCES |
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Trade Morality |
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Fairly Good |
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Liquidity |
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Average |
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Payment status |
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Above Average |
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Financial Situation |
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Average |
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Development trend |
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Up 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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TT |
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Sale Methods |
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Supply to agent and customers |
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INTERPRETATION ON THE SCORES
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The Hanoi Branch of TYG International Company was established in July
2005. The business of the subject specializes in trading stainless steel which
imported from foreign manufacturers. The subject is registered as a branch
but its parent company likely moves to the subject address. At present, the
office of the subject in Bac Ninh province exist in legal document only, all
the business transactions are carried out at Hanoi Branch The premises of the subject are considered average. The subject imports products from Taiwan,
Japan, India …etc to distribute in Vietnamese market. It is sole
dealer of Indian Garg company in Vietnam. The products of the subject are
stainless steel in wires, sheet and bars sharp. Beside, it also supply other
specialties steel to serve for domestic manufacturers and agents. Following the director of the subject, the turnover of the subject is
good. In 2007, the subject has gained the revenue result of around VND 20
billion. The customer amount of the subject is considered average. Hanoi and
Hai Phong cities are main distribution market of the subject. The management capacity of the subject is normal. The key position and
staffs of the subject is mainly people from Director’s family. The future
prosperity of the subject seems above average. In general, the operation and finance of the subject are regard
average. The business activities of the subject seem busy. The subject has
medium capacity to meet the financial commitments. No caution needed for the
small 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%)