MIRA INFORM REPORT
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Report Date : |
06.07.2011 |
IDENTIFICATION DETAILS
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Name : |
DUY PHAT COMPANY LIMITED |
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Registered Office : |
No. 15 Tran Hung Dao Street - Nam Dinh City - Nam Dinh Province |
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Country : |
Vietnam |
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Year of Establishment : |
2010 |
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Com. Reg. No.: |
0600741828 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
trading agricultural products |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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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English Name |
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DUY PHAT COMPANY LIMITED |
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Vietnamese Name |
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CONG TY TNHH NONG SAN DUY PHAT |
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Short name |
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DUY
PHAT CO., LTD |
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Type of Business |
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Limited liability company |
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Year Established |
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2010 |
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Business Registration No. |
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0600741828 |
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Date of Registration |
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20 Jun 2011 |
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Place of Registration |
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Nam Dinh Department Planning and Investment |
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Current registered capital |
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1,900,000,000 VND |
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Tax code |
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0600741828 |
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Total Employees |
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30 |
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Note:
The given name (Duy Phat Agricultural Company Limited) is not completely
exact. The correct one is as above. |
company ADDRESSES
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Head Office |
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Address |
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No. 15 Tran Hung Dao Street - Nam Dinh City - Nam Dinh Province -
Vietnam |
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Telephone |
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(84-350) 3846586 |
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Fax |
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(84-350) 3846586 |
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Notes: The exact address of the subject is above
(No. 15 not No. 17) |
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Warehouse |
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Address |
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Hoa Xa Industrial Zone - Nam Dinh City - Nam Dinh Province - Vietnam |
DIRECTORS
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1. NAME |
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Mr. NGUYEN XUAN DY |
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Position |
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Director |
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Date of Birth |
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29 Dec 1955 |
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ID Number/Passport |
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162167243 |
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Resident |
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No. 17 Tran Hung Dao Street - Nam Dinh City -
Nam Dinh Province - Vietnam |
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Nationality |
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Vietnamese |
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Tel Mobil phone |
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(84-350) 3846586 +84 912303296 |
BUSINESS NATURE AND ACTIVITIES
The subject is specialized in trading agricultural products.
IMPORT & EXPORT ACTIVITIES
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IMPORT: |
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·
Types
of products |
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Soy-bean,
black bean |
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Market
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India |
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EXPORT: |
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·
Types
of products |
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The subject
does not export. |
BANKERS
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1. VIET NAM JOINT STOCK
COMMERCIAL BANK FOR INDUSTRY AND TRADE NAM DINH BRANCH |
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Address |
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No.119 Quang
Trung - Nam Dinh City - Nam Dinh Province - Vietnam |
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Telephone |
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(84-3503)
3867526 |
SHAREHOLDERS
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1. NAME |
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Mr. NGUYEN XUAN DY |
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Position |
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Director |
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Date of Birth |
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29 Dec 1955 |
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ID Number/Passport |
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162167243 |
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Resident |
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No. 17 Tran Hung Dao Street - Nam Dinh City - Nam Dinh Province -
Vietnam |
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Home phone |
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(84-350) 3846586 |
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Mobile phone |
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+84 912303296 |
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Nationality |
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Vietnamese |
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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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52.63% |
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2. NAME |
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Ms. PHAM THI TAM |
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ID Number/Passport |
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161971354 |
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Resident |
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No. 17 Tran Hung Dao Street Tran Hung Dao Ward - Nam Dinh City - Nam
Dinh Province - Vietnam |
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Nationality |
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Vietnamese |
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Value of shares |
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900,000,000 VND |
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Percentage |
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47.37% |
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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Below Average |
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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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TT |
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Sale Methods |
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Retailer and
Wholesaler |
INTERPRETATION ON THE SCORES
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The subject was established in
2010 as a limited liability company in Nam Dinh Province. It was granted the
business registration No. 0600741828 same to the tax code by Nam Dinh
Department of Planning and Investment. Its current registered capital is VND
1,900,000,000. Located at No. 15 Tran Hung Dao
Street - Nam Dinh City - Nam Dinh Province, the subject is principally
engaged in trading agricultural products. Currently, the subject's main
import market is India and the products which it imports are soy-bean and
black bean. Besides, it also purchases agricultural products from domestic
market. The subject also has a warehouse
at Hoa Xa Industrial Zone - Nam Dinh City - Nam Dinh Province. Its employees
now are about 30 persons, but sometimes this number can come to 50 persons.
Although the subject has begun running since about November 2010, its
business seems busy and developing. Lately, it has extended its activities
into field of trading seed. The subject's director is Mr.
Nguyen Xuan Dy. He is relatively open, friendly but very busy. |
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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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 |
71.6 |
56.6 |
62.9 |
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Imports |
84 |
68.8 |
76.6 |
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Trade Balance |
-12.4 |
-12.2 |
-14.6 |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.50 |
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UK Pound |
1 |
Rs.71.25 |
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Euro |
1 |
Rs.64.40 |
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.