MIRA INFORM REPORT
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Report Date : |
16.02.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
MINHTRI COMMERCIAL AND PRODUCE JOINT STOCK
COMPANY |
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Registered Office : |
No. 28C |
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Country : |
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Date of Incorporation : |
16.04.2009 |
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Com. Reg. No.: |
0103036581 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Import Export Company’s 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 |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment
Behaviour : |
Unknown |
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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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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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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English Name |
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MINHTRI COMMERCIAL AND PRODUCE JOINT STOCK
COMPANY |
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Vietnamese Name |
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CONG TY CO PHAN THUONG MAI VA SAN XUAT MINH
TRI |
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Short name |
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MINH TRI COM., JSC |
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Type of Business |
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Joint stock company |
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Year Established |
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2009 |
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Business Registration No. |
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0103036581 |
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Date of Registration |
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16 Apr 2009 |
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Place of Registration |
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Hanoi Department of Planning and
Investment |
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Current registered capital |
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2,000,000,000 VND |
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Status |
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Unlisted |
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Tax code |
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0103733351 |
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Total Employees |
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10 |
company ADDRESSES
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Head Office |
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Address |
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No. 28C |
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Telephone |
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+84982158868 |
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Email |
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DIRECTORS
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1
. NAME |
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Mr.
NGUYEN TRAN HUNG |
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Position |
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Director |
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Date of Birth |
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11 Jan 1979 |
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ID Number/Passport |
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168006047 |
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Resident |
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No. 25/6 Nguyen Van
Troi Street, Minh Khai Ward – Phu Ly City – Ha Nam Province – Vietnam |
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Current resident |
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No. 28C |
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Nationality |
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Vietnamese |
BUSINESS NATURE AND ACTIVITIES
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- Import export company’s products |
IMPORT & EXPORT ACTIVITIES
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IMPORT: |
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·
Types of products |
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Agriculture products |
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·
Market |
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EXPORT: |
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·
Types of products |
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Agriculture products |
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·
Market |
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BANKERS
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1.
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Address |
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1st Floor – No. 98 Hoang Quoc Viet Str – Cau Giay District
– Ha |
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Telephone |
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(84-4) 6267 0269 |
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Fax |
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(84-4) 6267 0265 |
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2.
HONG KONG & SHANGHAI BANKING CORP LTD (HSBC) |
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Address |
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Pacific Place – 83B Ly Thuong Kiet Str – Hoan Kiem District – Ha |
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Telephone |
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(84-4) 39333189 |
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Fax |
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(84-4) 39460207 |
SHAREHOLDERS
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1
. NAME |
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Mr.
NGUYEN TRAN HUNG |
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Position |
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Director |
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Date of Birth |
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11 Jan 1979 |
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ID Number/Passport |
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168006047 |
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Issued on |
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28 Aug 2007 |
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Issued Place |
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Hanam Department of Public Security |
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Resident |
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Nationality |
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Vietnamese |
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Number of Shares |
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10,000 |
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Value of shares |
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1,000,000,000 VND |
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Percentage |
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50% |
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2
. NAME |
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Mr.
NGUYEN CONG THANH |
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ID Number/Passport |
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168070979 |
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Issued Place |
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Hanam Department of Public Security |
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Resident |
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Nationality |
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Vietnamese |
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Number of Shares |
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5,000 |
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Value of shares |
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500,000,000 VND |
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Percentage |
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25% |
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3
. NAME |
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Ms.
HOANG THI HAI |
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ID Number/Passport |
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031130925 |
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Issued Place |
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Hai Phong Department of Public Security |
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Resident |
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No. 32/430 Tran Nguyen Han Street, Niem Nghia
Ward – Le Chan District – Hai Phong City – Vietnam |
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Nationality |
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Vietnamese |
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Number of Shares |
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5,000 |
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Value of shares |
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500,000,000 VND |
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Percentage |
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25% |
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Note:
Mr. Nguyen Tran Hung is husband of Ms. Hoang Thi Hai. |
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FINANCIAL DATA
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N/A |
PAYMENT HISTORY & PERFORMANCE
EXPERIENCES
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Trade Morality |
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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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Below Average |
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Development trend |
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Even |
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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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To contracts |
INTERPRETATION ON THE SCORES
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The
subject is a joint stock company. It was established in 2009 under the business
registration certificate of Hanoi Department of Planning and Investment. The
current chartered capital of the subject is VND 2 billion with contribution
from three shareholders. The
head office of the subject is located at No. 28C At
present, the business activities of the subject is supply temporary import
then re-export goods to foreign market. It usually imports agriculture
products like green bean, sesame and mineral. The subject import from foreign
country like The
annual sale of the subject is considered normal. Following the director of
the subject, the subject has sale amount about 15 billion in 2010 but it
reduced the number in official report. In
general, the subject is small size company in the industry. The business
activities of the subject seem fair, it has capacity to meet the small amount
of financial commitment and caution needed for medium or large amount of
business transactions.
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APPENDIXES
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INDUSTRY DATA |
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Industry code |
Growth speed (%) |
Total employees
2009 (Thousand) |
Total
enterprises |
Annual average
capital of enterprises |
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Predict 2010 |
2009 |
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Agriculture,
Forestry and Fishing |
2.8 |
3.0 |
24,788.5 |
2,399 |
50,530 |
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Trade and
Services |
7.5 |
11 |
10,517.9 |
79,181 |
1,754,973 |
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Construction |
7 |
11.3 |
2,692.8 |
17,783 |
248,268 |
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Manufacturing |
12 |
7.6 |
7,591.2 |
30,786 |
967,068 |
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ECONOMIC
INDICATORS |
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2009 |
2008 |
2007 |
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Population (Million person) |
87 |
86.1 |
85.1 |
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Gross Domestic Products (US$
billion) |
91 |
84.9 |
71.2 |
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GDP Growth (%) |
5.32 |
6.2 |
8.5 |
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GDP Per Capita (US$) |
1,080 |
1,040 |
814 |
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Inflation (% Change in Composite
CPI) |
6.88 |
24.4 |
8.3 |
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SERVICE TRADE
PERFORMANCE |
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Billion USD |
2009 |
2008 |
2007 |
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Exports |
56.6 |
62.9 |
48.6 |
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Imports |
68.8 |
76.6 |
58.9 |
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Trade Balance |
-12.2 |
-14.6 |
-10.3 |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.45.50 |
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|
1 |
Rs.73.07 |
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Euro |
1 |
Rs.61.63 |
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 |
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.