MIRA INFORM REPORT

 

 

Report Date :

05.01.2011

 

IDENTIFICATION DETAILS

 

Name :

VIETNAM BIOLOGY TECHNOLOGY DEVELOPMENT JOINT STOCK COMPANY

 

 

Registered Office :

No.16, Alley 82/19 Pham Ngoc Thach Street - Dong Da District - Ha Noi City

 

 

Country :

Viet Nam

 

 

Date of Incorporation :

19.02.2009

 

 

Com. Reg. No.:

0103374399

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

Trading in medical equipment, industrial machinery

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

--

NB

                                       New Business

 

--

 

Status :

New Company

 

 

Payment Behaviour :

Unknown

 

 

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

 

Country Name

Previous Rating

(01.04.2010)

Current Rating

(30.06.2010)

Viet Nam

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 Name

 

VIETNAM BIOLOGY TECHNOLOGY DEVELOPMENT JOINT STOCK COMPANY

Vietnamese Name

 

CONG TY CO PHAN PHAT TRIEN CONG NGHE SINH HOC VIET NAM

Short name

 

VIET NAM BIOTECH.,JSC

Type of Business

 

Joint stock company

Year Established

 

2009

Business Registration No.

 

0103374399

Date of Registration

 

19 Feb 2009

Place of Registration

 

Planning and Investment Department of Ha Noi City

Current registered capital

 

4,900,000,000 VND

Tax code

 

0103374399

Total Employees

 

Below 10

 

 

 

ADDRESSES

 

Registered Head Office

Address

 

No.16, Alley 82/19 Pham Ngoc Thach Street - Dong Da District - Ha Noi City - Vietnam

Telephone

 

(84-4) 6269 0582

Fax

 

(84-4) 6269 0581

Website

 

http://biotech.vn

 

Transaction office in Ha Noi

Address

 

708 D5A, Nguyen Phong Sac Prolong - Cau Giay District - Ha Noi City - Vietnam

Telephone

 

(84-4) 6269 0582

Fax

 

(84-4) 6269 0581

 

 

DIRECTORS

 

1 . NAME

 

Mr. HOANG VAN TIEP

Position

 

Director, Chairman and Legal Representative

Date of Birth

 

20 Jun 1976

ID Number/Passport

 

151142915

Resident

 

Group 2 Tran Lam Ward - Thai Binh City - Thai Binh Province - Vietnam

Current resident

 

No.60 - Group 29 Khuong Thuong Ward - Dong Da District - Ha Noi City - Vietnam

Nationality

 

Vietnamese

Tel/Mobil phone

 

(84-4)903 257878

Qualification

 

Engineer

 

 

 

BUSINESS NATURE AND ACTIVITIES

 

- Trading in medical equipment, industrial machinery
-Trading in chemicals ( except for chemicals prohibited by the Vietnam State)

 

 

 

IMPORT & EXPORT ACTIVITIES

 

IMPORT:

Types of products

 

N/A

 

EXPORT:

Types of products

 

N/A

 

 

BANKERS

 

1. BANK FOR INVESTMENT AND DEVELOPMENT OF VIETNAM CAU GIAY BRANCH

Address

 

Hoa Binh Building, 106 Hoang Quoc Viet Street - Cau Giay District - Ha Noi City - Vietnam

Telephone

 

(84-4) 37556910

 

2. VIBBANK CAU GIAY BRANCH

Address

 

No.299 Cau Giay Street - Cau Giay District - Ha Noi City - Vietnam

Telephone

 

(84-4) 2 220 1606

Fax

 

(84-4) 2 220 1607

 

 

SHAREHOLDERS

 

1 . NAME

 

Ms. HOANG THI HANG

ID Number/Passport

 

151299428

Resident

 

Tran Lam Ward - Thai Binh City - Thai Binh Province - Vietnam

Nationality

 

Vietnamese

Number of Shares

 

9,800

Value of shares

 

980,000,000 VND

Percentage

 

20%

 

2 . NAME

 

Mr. HOANG VAN THAM

ID Number/Passport

 

151464621

Issued Place

 

Thai Binh Department of Public Security

Resident

 

Group 2 Tran Lam Ward - Thai Binh City - Thai Binh Province - Vietnam

Nationality

 

Vietnamese

Number of Shares

 

9,800

Value of shares

 

980,000,000 VND

Percentage

 

20%

 

3 . NAME

 

Mr. HOANG VAN TIEP

Position

 

Director and Legal Representative

Date of Birth

 

20 Jun 1976

ID Number/Passport

 

151142915

Issued on

 

29 Aug 2000

Issued Place

 

Thai Binh Department of Public Security

Resident

 

Group 2 Tran Lam Ward - Thai Binh City - Thai Binh Province - Vietnam

Nationality

 

Vietnamese

Number of Shares

 

29,400

Value of shares

 

2,940,000,000 VND

Percentage

 

60%

 

 

FINANCIAL DATA

 

N/A

 

PAYMENT HISTORY & PERFORMANCE EXPERIENCES

 

Trade Morality

 

N/A

Liquidity

 

N/A

Payment status

 

N/A

Financial Situation

 

Poor

Development trend

 

N/A

Litigation data

 

No

Bankruptcy

 

No

Payment Methods

 

Cash

Sale Methods

 

Other

 

 

 

COMMENT

 

Founded in 2009, VIETNAM BIOLOGY TECHNOLOGY DEVELOPMENT JOINT STOCK COMPANY was granted the Business Registration No. 0103374399 dated 19 Feb 2009 by Planning and Investment Department of Ha Noi City. The Tax Code is 0103374399. Current registered capital is VND 4,900,000,000. The subject is a small-scaled business with a labor force of below 10 persons.

Registered at No.16, Alley 82/19 Pham Ngoc Thach Street - Dong Da District - Ha Noi City - Vietnam, all transactions are made at 708 D5A Nguyen Phong Sac Prolong - Cau Giay District - Ha Noi City – Vietnam. The subjects will mainly focus on trading in medical equipment and industrial machinery together with chemicals.

Interviewing Mr. Hoang Van Tiep, Director, Chairman and Legal Representative of the subject reveals that the subject has not officially come into operation because the factory is under construction and expected to be finished in June 2011. He said that Vietnam Biotech., JSC has no import relationship with any foreign partner.  His attention is mainly paid to TBC Trading Co., Ltd. This business entity is also located at Room 708 - D5A - Nguyen Phong Sac prolong - Cau Giay District - Ha Noi City – Vietnam with the same business activities. Mr. Hoang Van Tiep is also the director and shareholder of TBC Trading Co., Ltd.

We recommend a big caution to the transaction worth USD 500,000.

In general, the subject can meet very small business transaction matching its size.

 

 

------------ APPENDIXES  ----------

INDUSTRY DATA

 

Industry code

Growth speed (%)

Total employees 2009 (Thousand)

Total enterprises

Annual average capital of enterprises

Predict 2010

2009

Agriculture, Forestry and Fishing

2.8

3.0

24,788.5

2,399

50,530

Trade and Services

7.5

11

10,517.9

79,181

1,754,973

Construction

7

11.3

2,692.8

17,783

248,268

Manufacturing

12

7.6

7,591.2

30,786

967,068

 

ECONOMIC INDICATORS

 

 

2009 

2008 

2007 

Population (Million person)

87

86.1

85.1

Gross Domestic Products (US$ billion)

91

84.9

71.2

GDP Growth (%)

5.32

6.2

8.5

GDP Per Capita (US$)

1,080

1,040

814

Inflation (% Change in Composite CPI)

6.88

24.4

8.3

 

SERVICE TRADE PERFORMANCE

 

Billion USD 

2009 

2008 

2007 

Exports

56.6

62.9

48.6

Imports

68.8

76.6

58.9

Trade Balance

-12.2

-14.6

-10.3

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.84

UK Pound

1

Rs.69.32

Euro

1

Rs.59.79

 

 

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.