MIRA INFORM REPORT
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Report Date : |
23.12.2011 |
IDENTIFICATION DETAILS
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Name : |
THANH DAT TRADING SERVICE AND IMPORT EXPORT
COMPANY LIMITED |
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Registered Office : |
Hamlet 7, Hoa Binh Commune, Thuy Nguyen District, Hai Phong City |
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Country : |
Vietnam |
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Date of Incorporation : |
20.07.2006 |
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Com. Reg. No.: |
0202003725 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Subject is engaged in temporary import for re-export in some sectors such as frozen food, building materials |
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No. of Employees
: |
About 20 persons
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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 |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment
Behaviour : |
No Complaints |
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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
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Vietnam |
b1 |
b1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
SUBJECT IDENTIFICATION &
LEGAL FORM
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Translated English Name |
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THANH DAT TRADING SERVICE AND IMPORT
EXPORT COMPANY LIMITED |
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Registered Vietnamese Name |
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CONG TY TNHH XUAT NHAP KHAU DICH VU THUONG
MAI THANH DAT |
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Type of Business |
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Limited liability company |
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Year Established |
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2006 |
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Business Registration No. |
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0202003725 |
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Date of Registration |
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20 Jul 2006 |
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Place of Registration |
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Planning and Investment Department of Hai
Phong City |
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Current registered capital |
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VND 15,000,000,000 |
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Status |
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Unlisted |
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Tax code |
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0200680948 |
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Total Employees |
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About 20 |
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Note: The given name THANH DAT TRADING SERVICES AND IMPORT EXPORT CO LTD can be seen as short translated name. The subject does not use English Name in all legal documents. |
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company ADDRESSES
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Head Office |
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Address |
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Hamlet 7, Hoa Binh Commune, Thuy Nguyen
District, Hai Phong City, Vietnam |
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Telephone |
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(84-31) 3774421 |
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Fax |
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(84-31) 8840069 |
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Email |
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Transaction
office in Quang Ninh |
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Address |
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Km 2 Hung Vuong Street, Ninh Duong Ward, Mong
Cai District, Quang Ninh Province, Vietnam |
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Telephone |
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(84-33) 3779799 |
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Fax |
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(84-33) 3779768 |
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Warehouse |
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Address |
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Thac Han Area, Ninh Duong Ward, Mong Cai
District, Quang Ninh Province, Vietnam |
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Occupied Area |
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2,000 m2 |
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Land-use Right |
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Leased |
DIRECTORS
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1.
NAME |
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Mr.
NGUYEN VAN CUONG |
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Position |
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Director |
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Date of Birth |
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02 May 1974 |
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ID Number/Passport |
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031067981 |
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ID Issue Date |
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05 Aug 1996 |
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ID Issue Place |
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Hai Phong Police Department |
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Resident |
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Hamlet 7 Hoa Binh
Commune, Thuy Nguyen District, Hai Phong City, Vietnam |
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Nationality |
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Vietnamese |
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2.
NAME |
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Mr.
LE HONG THUAN |
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Position |
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Deputy Director |
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Date of Birth |
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27 Nov 1979 |
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Resident |
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Thuy Nguyen District,
Hai Phong City, Vietnam |
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Nationality |
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Vietnamese |
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Tel/Mobil phone |
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+84 974518888 |
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3.
NAME |
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Mr.
TRAN HUU HUNG |
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Position |
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Chief Accountant |
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Date of Birth |
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18 Aug 1980 |
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Nationality |
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Vietnamese |
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Tel/Mobil phone |
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+84 989152422 |
BUSINESS NATURE AND ACTIVITIES
The subject is specializing in temporary import for re-export in some sectors such as frozen food, building materials....
IMPORT & EXPORT ACTIVITIES
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IMPORT: |
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·
Types of products |
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Products |
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·
Market |
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Hong Kong, Malaysia, China. Japan, Korea.... |
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·
Mode of payment |
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L/C |
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EXPORT: |
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·
Types of products |
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Products |
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·
Market |
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China (mainly) |
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·
Mode of payment |
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L/C |
Note: The subject also
consumes products in domestic market.
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BANKERS
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1.
VIET NAM BANK FOR AGRICULTURE AND RURAL DEVELOPMENT MONG CAI BRANCH |
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Address |
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No.24 Chu Van An Street, Hoa Lac Ward, Mong Cai District, Quang Ninh
Province, Vietnam |
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Telephone |
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(84-33) 3777 177 |
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Fax |
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(84-33) 3777 175 |
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2.
VIETNAM TECHNOLOGICAL AND COMMERCIAL JOINT STOCK BANK MONG CAI BRANCH |
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Address |
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No. 7 Hung Vuong Tran Phu Ward, Mong Cai District, Quang Ninh
Province, Vietnam |
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Telephone |
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(84-33) 3777088 |
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Fax |
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(84-33) 3777077 |
SHAREHOLDERS
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1.
NAME |
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Mr.
NGUYEN VAN CUONG |
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Position |
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Director |
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Date of Birth |
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02 May 1974 |
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ID Number/Passport |
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031067981 |
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Issued on |
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05 Aug 1996 |
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Issued Place |
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Hai Phong Police Department |
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Resident |
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Hamlet 7, Hoa Binh Commune, Thuy Nguyen
District, Hai Phong City, Vietnam |
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Nationality |
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Vietnamese |
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Value of shares |
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VND 10,000,000,000 |
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Percentage |
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66.67% |
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2.
NAME |
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Mr.
DO VAN GAP |
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ID Number/Passport |
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031408579 |
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Resident |
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Hamlet 7, Hoa Binh Commune, Thuy Nguyen
District, Hai Phong City, Vietnam |
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Nationality |
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Vietnamese |
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Value of shares |
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VND 5,000,000,000 |
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Percentage |
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33.33% |
FINANCIAL DATA
N/A
PAYMENT HISTORY & PERFORMANCE EXPERIENCES
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Trade Morality |
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Fair |
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Liquidity |
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N/A |
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Payment status |
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N/A |
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Financial Situation |
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N/A |
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Development trend |
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N/A |
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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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T/T, L/C |
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Sale Methods |
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Other |
INTERPRETATION ON THE SCORES
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The
subject was established in 2006 under business registration no. 0202003725 by
Planning and Investment Department of Hai Phong City with the registered capital
of VND 15 billion. The
subject is specializing in temporary import for re-export in some sectors
such as frozen food, building materials, electronic... Currently, the subject
focuses on trading in frozen food. The products are imported from Hong Kong,
Malaysia, China. Japan, Korea.... After that, products are re-exported to
China. In addition, the subject also consumes products in domestic market. The
subject is mainly operating in the ports and border such as Hai Phong Ports,
Mong Cai Border gate. Beside the head office located at Hamlet 7, Hoa Binh
Commune, Thuy Nguyen District, Hai Phong City, Vietnam (that is also the
private house of subject’s director), it also has a transaction office and a
warehouse at Quang Ninh with total area land of 2,000 m2. The
financial data of the subject is not available. According to Mr. Nguyen Van
Cuong - director of the subject, he said that estimated sale in FY2011 is VND
50 billion. The subject’s paid up capital of VND 15 billion and sale of about
VND 50 billion are average level as comparison with other companies in the
industry. Currently, the subject has ability to meet small financial
commitments but caution for big financial commitments. |
APPENDIX
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INDUSTRY DATA |
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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) |
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|
2010 |
2009 |
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Agriculture,
Forestry and Fishing |
2.78 |
1.82 |
8,749 |
23,896.3 |
81,559 |
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Industry and
Construction |
7.70 |
5.52 |
85,115 |
10,630 |
2,751,975 |
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Trade and
Services |
7.52 |
6.63 |
154,978 |
14,522 |
4,939,069 |
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ECONOMIC
INDICATORS |
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2010 |
2009 |
2008 |
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Population (Million person) |
86.93 |
86.02 |
86.1 |
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Gross Domestic Products (US$ billion) |
102.2 |
91 |
84.9 |
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GDP Growth (%) |
6.78 |
5.32 |
6.2 |
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GDP Per Capita (US$) |
1,160 |
1,080 |
1,040 |
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Inflation (% Change in Composite CPI) |
11.75 |
6.88 |
24.4 |
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SERVICE TRADE
PERFORMANCE |
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Billion USD |
2010 |
2009 |
2008 |
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Exports |
72.2 |
57.1 |
62.7 |
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Imports |
84.8 |
69.9 |
80.7 |
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Trade Balance |
-12.6 |
-12.8 |
-18 |
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Source: General
Statistics Office
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.52.78 |
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UK Pound |
1 |
Rs.82.73 |
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Euro |
1 |
Rs.68.88 |
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 |
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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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.