MIRA
INFORM REPORT
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Report Date : |
27.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
TRINH TRAN PHARMACEUTICAL COMPANY LTD |
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Registered Office : |
No. 28/21, Lu Gia Housing Compound, Ward 15, Dist 11, 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.: |
4102008560 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trading in Pharmaceutical 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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Registered English Name
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TRINH TRAN PHARMACEUTICAL COMPANY
LTD
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Registered Vietnamese Name |
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CONG TY TNHH DUOC PHAM TRINH TRAN |
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Trade name |
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TRINH TRAN PHARMA 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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2002 |
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Business Registration |
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No. 4102008560 |
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Issuance on |
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February 21st 2002 |
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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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1,000,000,000 VND |
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Tax code |
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0302546476 |
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Total Employees |
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7 employees |
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Note: The given name by client “TRIUH TRAN PHARMA CO MARKETING &
DISTRIBUTION” is not quite exact. Exact registered English name of the
subject is “TRINH TRAN
PHARMACEUTICAL COMPANY LTD” and its business operation is marketing & distribution
pharmaceutical products. |
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ADDRESSES
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Current Head
Office: |
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Address |
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No. 28/21, Lu Gia Housing Compound, Ward 15, Dist 11, Hochiminh city |
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Country |
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Vietnam |
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Tel |
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(84-8) 8640885 / 8640886 |
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Fax |
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(84-8) 2654051 |
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Email |
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Website |
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Note: + “No. 28/21, Lu Gia Housing
Compound, Ward 15, Dist 11, Hochiminh”
is just the given address “No.
21, Internal Street 28, Lu Gia Housing Compound, Ward 15, Dist 11,
Hochiminh city”. + At this address,
there is also company named “Viet Charm Co., Ltd” (in Vietnamese: Cong ty TNHH
Sac Dep Viet). This company is specializing in cosmetic, jewelry, fashion
garment … and managed by Ms. Tran Thanh Thuy Van (wife of the subject’s
director). |
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Former Head Office: |
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Address |
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No. 10 Ton That Hiep street, Ward 13, Dist 11,
Hochiminh city |
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Country |
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Vietnam
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Tel |
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(84-8) 9627787 |
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Fax |
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(84-8) 9628976 |
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Note: Former head office of the subject is
private house of its director. The subject moved 2 years ago. |
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DIRECTORS
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1. NAME |
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Mr. TRINH QUANG ANH |
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Position |
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Director / Legal Representative |
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Date of Birth |
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May 23rd 1972 |
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ID No. |
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022833619 |
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Issued by |
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Police Station of Hochiminh city |
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Qualification |
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Doctor |
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Resident |
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No. 10 Ton That Hiep street, Ward 13, Dist 11, 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 specializes in trading in pharmaceutical products. |
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The subject registers in the following business activities: |
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Trading in pharmaceutical products, medicine equipment and instrument -
Trading in cosmetic, milk products. -
Agent for good on consignment |
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IMPORT
& EXPORT ACTIVITIES
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IMPORT: The subject import pharmaceutical products
from India, Romania, USA and other Asia and EU countries. |
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EXPORT: N/A |
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BANKERS
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1. ASIA COMMERCIAL JOINT STOCK BANK (ACB BANK) |
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Address |
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No. 442 Nguyen Thi Minh Khai str, Ward 5, Dist 3, Hochiminh city,
Vietnam |
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Tel |
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(84-8) 8334085 - 8395179 |
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Fax |
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(84-8) 8359156 |
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Telex |
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813158ACBVT |
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Swift |
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ASCBVNVX |
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SHAREHOLDER(S)
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1. NAME |
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Mr. TRINH QUANG ANH |
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Position |
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Director / Legal Representative |
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Date of Birth |
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May 23rd 1972 |
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ID No. |
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022833619 |
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Issued by |
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Police Station of Hochiminh city |
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Qualification |
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Management |
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Resident |
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No. 10 Ton That Hiep street, Ward 13, Dist 11, Hochiminh city |
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Nationality |
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Vietnamese |
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Share |
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69 % |
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Value |
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690,000,000 VND |
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2. NAME |
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Ms. TRAN THANH THUY LOAN |
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Position |
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Shareholder |
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ID No. |
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023300611 |
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Resident |
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No. 215/42 An Duong Vuong str, Ward 11, Dist 5, Hochiminh city |
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Nationality |
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Vietnamese |
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Share |
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30 % |
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Value |
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300,000,000 VND |
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3. NAME |
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Ms. TRAN THI KIM HOA |
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Position |
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Shareholder |
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ID No. |
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290442865 |
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Resident |
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H138/6 Group 2, Hoa Thanh town,, Hoa Thanh dist, Tay Ninh province |
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Nationality |
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Vietnamese |
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Share |
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1 % |
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Value |
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10,000,000 VND |
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FINANCIAL DATA
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BALANCE
SHEET |
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Unit:
1,000,000 VND
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Description |
2006 |
2005 |
2004 |
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Current assets & Short-term investment |
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374 |
336 |
715 |
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Fixed assets & Long-term investment |
550 |
630 |
335 |
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Total
assets |
924 |
966 |
1,050 |
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Payable |
218 |
284 |
684 |
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Owner’s Equity |
706 |
682 |
366 |
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Total
Liability and Equity |
924 |
966 |
1,050 |
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PROFIT &
LOSE STATEMENT |
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Description |
FY
2006 |
FY
2005 |
FY
2004 |
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Total revenue |
4,720 |
4,376 |
3,387 |
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Deduction Items |
0 |
0 |
0 |
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Net revenue |
4,720 |
4,376 |
3,387 |
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Net income from business activities |
24 |
16 |
- 10 |
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Net income from financial operation |
0 |
0 |
0 |
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Irregular Profit |
0 |
- 76 |
0 |
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Total pre-tax
profit |
24 |
-
60 |
-
10 |
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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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Average |
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Financial Situation |
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Average |
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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) or telegraphic transfer (T/T). |
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Sale Methods |
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Through its agent network. |
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INTERPRETATION ON THE SCORES
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Trinh Tran Pharmaceutical Co., Ltd is a limited
liability company, which was established in 2002. The subject specializes in
trading in pharmaceutical products. The subject imports pharmaceutical products from
India, Romania, USA and other EU and Asian countries. Especially, currently,
the subject has close business relation with Syncom Pharma of India. The
subject’s products are distributed to other trading companies over the
country, mainly in Hochiminh city and Hanoi city. The competitiveness of the
subject is acceptable. Now, business activities of the subject are not too
busy and its market share is normal. The subject is operating on small scale with
total of 7 employees. The premise and facilities of the subject is average.
At the subject’s location, there is also company named “Viet Charm Co., Ltd”
(in Vietnamese: Cong ty TNHH Sac Dep Viet). This company is specializing in
cosmetic, jewelry, fashion garment… and managed by Ms. Tran Thanh Thuy Van
(wife of the subject’s director). Management capacity of the subject is
normal. Business results of the subject are not
remarkable. Current financial situation of the subject is passable. The
subject has capacity to meet small financial commitments. Caution needed for any
medium or big transactions with the subject. |
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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%)