MIRA INFORM REPORT

 

 

Report Date :           

01.12.2011

 

IDENTIFICATION DETAILS

 

Correct Name :

NASI INTERNATIONAL MANUFACTURING AND SERVICE TRADING LIMITED COMPANY 

 

 

Registered Office :

Tri Yeu Hamlet, Dang Cuong Commune, An Duong District, Hai Phong City

 

 

Country :

Vietnam

 

 

Year of Establishment :

2008

 

 

Com. Reg. No.:

0200820835

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Service for import - export goods

 

 

No. of Employees :

17 Persons

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

No Complaints

Litigation :

Clear

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Vietnam

b1

b1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

SUBJECT IDENTIFICATION & LEGAL FORM

 

Current legal status

English Registered Name

 

NASI INTERNATIONAL MANUFACTURING AND SERVICE TRADING LIMITED COMPANY

Vietnamese Registered Name

 

CONG TY TNHH SAN XUAT VA DICH VU THUONG MAI QUOC TE NASI

Registered Short name

 

NASI CO., LTD

Type of Business

 

Limited liability company

Year Established

 

2008

Business Registration No.

 

0200820835

Date of Registration

 

16 Aug 2011

Place of Registration

 

Planning and Investment Department of Hai Phong City

Current registered capital

 

1,900,000,000 VND

Status

 

Unlisted

Tax code

 

0200820835

Total Employees

 

17

 

Historical Identification & Legal form

List

Changed Items

Date of changes

1

Subject has got former Business Registration No: 0204001272 issued on 18 Jun 2008 Changed to: 0200820835

16 Aug 2011

 

 

 

company ADDRESSES

 

Registration Address

Address

 

Tri Yeu Hamlet, Dang Cuong Commune, An Duong District, Hai Phong City, Vietnam

 

Transaction office in Hai Phong

Address

 

No. 29A/700 Phuong Luu Street, Dong Hai Ward, Hai An District, Hai Phong City, Vietnam

Telephone

 

(84-31) 3950721/ 3262988

Fax

 

(84-31) 3950721

 

DIRECTORS

 

1. NAME

 

Ms. NGUYEN THI KIM ANH

Position

 

Director

ID Number/Passport

 

031055879

ID Issue Place

 

Hai Phong Department Public Security

Resident

 

Tri Yeu Hamlet Dang Cuong Commune, An Duong District, Hai Phong City, Vietnam

Nationality

 

Vietnamese

Tel/Mobil phone

 

+84904730988

 

2. NAME

 

Mr. CHEN HONG SIU

Position

 

Managing Director

Current resident

 

Tri Yeu Hamlet Dang Cuong Commune, An Duong District, Hai Phong City, Vietnam

Nationality

 

Chinese

 

 

BUSINESS NATURE AND ACTIVITIES

 

- Service for import - export goods
- Temporary import - export service
- Trading chemical products
- Tourism service
- Construction civil and industrial projects
- Trading agriculture products
- ...

 

 

IMPORT & EXPORT ACTIVITIES

 

IMPORT:

·         Types of products

 

Plastic scrap, Paraffin

·         Market

 

China, United state, Korea, Singapore, Iran, India

 

EXPORT:

·         Types of products

 

Plastic scrap, Paraffin

·         Market

 

China

 

 

 

BANKERS

 

1. ASIA COMMERCIAL BANK HAI PHONG BRANCH

Address

 

No.69 Dien Bien Phu, Hong Bang District, Hai Phong City, Vietnam

Telephone

 

(84-31) 382 3392

Fax

 

(84-31) 382 3267

 

 

SHAREHOLDERS

 

1. NAME

 

Ms. NGUYEN THI KIM ANH

Position

 

Director

ID Number/Passport

 

031055879

Issued Place

 

Hai Phong Department Public Security

Resident

 

Tri Yeu Hamlet Dang Cuong Commune, An Duong District, Hai Phong City, Vietnam

Mobile phone

 

+84904730988

Nationality

 

Vietnamese

Value of shares

 

1,900,000,000 VND

Percentage

 

100%

 

 

FINANCIAL DATA

 

N/A

 

 

PAYMENT HISTORY & PERFORMANCE EXPERIENCES

 

Trade Morality

 

Normal

Liquidity

 

N/A

Payment status

 

N/A

Financial Situation

 

N/A

Development trend

 

N/A

Litigation data

 

No Record

Bankruptcy

 

No Record

Payment Methods

 

LC and TT

Sale Methods

 

Wholesaler

 

 

CREDIT INQUIRY: 125,000 USD Against DA in terms

Unacceptable.

 

 

 

INTERPRETATION ON THE SCORES

 

The subject is a limited liability company. It is wholly owned by Vietnamese person – Ms. Nguyen Thi Kim Anh but management by Chinese person – Mr. Chen Hong Siu. The business registration of subject has just changed from No. 0204001272 to 0200820835 in Aug 2011.

The head office of the subject is registered at Tri Yeu Hamlet, Dang Cuong Commune, An Duong District, Hai Phong City. The operation of the subject now is at 29A/700 Phuong Luu Street, Dong Hai Commune, Hai An District, Hai Phong City. It was moved here from the previous address at No. 95A/20 Tran Nguyen Han Street, Le Chan District, Hai Phong City.

The business activities of the subject are supplying temporary import and re-export services for foreign partners. The products of the subject are plastic scrap and paraffin. Formerly, the subject mainly supplied services for manufacturers in China. Now it is focusing in domestic market. The operation of the subject seems busy. In 2009, the subject has sale result at around of VND 30 billion. The management capacity of the subject seems fair and the future prosperity seems average.

The subject is small scale company in the industry. It has capacity to meet the small amount of financial commitments.

 

 

APPENDIXES

 

INDUSTRY DATA

 

Industry code

Growth speed by price compared with 1994 (%)

Total enterprises 2009

Total employees 2010

(Thous.pers.)

Annual average capital of enterprises 2009

(billion dongs)

2010

2009

Agriculture, Forestry and Fishing

2.78

1.82

8,749

23,896.3

81,559

Industry and Construction

7.70

5.52

85,115

10,630

2,751,975

Trade and Services

7.52

6.63

154,978

14,522

4,939,069

 

ECONOMIC INDICATORS

 

 

2010 

2009 

2008 

Population (Million person)

86.93

86.02

86.1

Gross Domestic Products (US$ billion)

102.2

91

84.9

GDP Growth (%)

6.78

5.32

6.2

GDP Per Capita (US$)

1,160

1,080

1,040

Inflation (% Change in Composite CPI)

11.75

6.88

24.4

 

SERVICE TRADE PERFORMANCE

 

Billion USD 

2010 

2009 

2008 

Exports

72.2

57.1

62.7

Imports

84.8

69.9

80.7

Trade Balance

-12.6

-12.8

-18

Source: General Statistics Office

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.17

UK Pound

1

Rs.81.29

Euro

1

Rs.69.47

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

----

NB

New Business

----

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.