MIRA
INFORM REPORT
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Report Date : |
07.07.2011 |
IDENTIFICATION DETAILS
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Name : |
DONG DUONG MEDICAL EQUIPMENT BUSINESS JOINT STOCK COMPANY |
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Registered Office : |
No 1A, Tran Thanh Tong Str - Bach Dang Ward - Hai Ba Trung District - Ha Noi City |
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Country : |
Vietnam |
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Date of Incorporation : |
24.05.2010 |
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Com. Reg. No.: |
0104675102 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Specializes in trading medical equipment |
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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Viet Nam |
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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Current legal status
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English Name |
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DONG DUONG MEDICAL EQUIPMENT BUSINESS
JOINT STOCK COMPANY |
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Vietnamese Name |
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CONG TY CO PHAN KINH DOANH THIET BI Y TE
DONG DUONG |
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Short name |
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DONG DUONG MEDICAL .,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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2010 |
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Business Registration No. |
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0104675102 |
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Date of Registration |
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24 May 2010 |
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Place of Registration |
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Ha Noi Department of Planning and
Investment |
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Current registered capital |
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1,000,000,000 VND |
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Status |
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Unlisted |
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Tax code |
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0104675102 |
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Total Employees |
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8 |
Historical Identification & Legal form
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List |
Changed Items |
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1 |
Subject has got former Board Of Director:
Former Director Ms. Nguyen Hong Nhung Changed to: Current Director Mr. Tran Van
Thanh |
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ADDRESSES
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Head Office |
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Address |
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No 1A, Tran Thanh Tong Str - Bach Dang
Ward - Hai Ba Trung District - Ha Noi City - Vietnam |
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Telephone |
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(84-4) 3 972 8634/ 3 972 8633 |
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Email |
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Registration
Address |
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Address |
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No 161 - Group 43 - Ngoc Khanh Str - Ngoc
Khanh Ward - Ba Dinh District - Ha Noi City - Vietnam |
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DIRECTORS
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1.
NAME |
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Mr.
TRAN VAN THANH |
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Position |
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Director |
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ID Number/Passport |
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125001183 |
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ID Issue Date |
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26 Jul 2006 |
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ID Issue Place |
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Bac Ninh Department
of Public Security |
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Resident |
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Thuong Hamlet - Dinh
Bang Ward - Tu Son District - Bac Ninh Province - Vietnam |
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Nationality |
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Vietnamese |
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Tel/Mobil phone |
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+84914175196 |
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2.
NAME |
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Mr.
NGUYEN THE VIET |
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Position |
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Deputy Director |
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ID Number/Passport |
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125026388 |
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ID Issue Place |
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Bac Ninh Department
of Public Security |
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Resident |
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Thuong Hamlet - Dinh
Bang Ward - Tu Son District - Bac Ninh Province - Vietnam |
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Nationality |
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Vietnamese |
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Tel/Mobil phone |
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+84988066226 |
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BUSINESS NATURE AND ACTIVITIES
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The
subject specializes in trading medical equipment. |
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IMPORT & EXPORT ACTIVITIES
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IMPORT: |
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·
Types of products |
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Medical equipment |
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Market |
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Germany |
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Ratio |
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100% |
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Mode of payment |
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Through its bank |
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EXPORT: |
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Types of products |
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Until now, the subject does not export. |
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BANKERS
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1.
VIET NAM JOINT STOCK COMMERCIAL BANK FOR INDUSTRY AND TRADE TIEN SON BRANCH |
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Address |
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Tu Son Town - Bac Ninh Province - Vietnam |
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Telephone |
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(84-241) 3760029 |
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SHAREHOLDERS
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1.
NAME |
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Mr.
NGUYEN THE VIET |
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Position |
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Deputy Director |
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ID Number/Passport |
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125026388 |
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Issued Place |
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Bac Ninh Department of Public Security |
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Resident |
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Thuong Hamlet Dinh Bang Ward - Tu Son
District - Bac Ninh Province - Vietnam |
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Mobile phone |
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+84988066226 |
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Nationality |
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Vietnamese |
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Number of Shares |
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2,500 |
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Value of shares |
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250,000,000 VND |
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Percentage |
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25% |
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2.
NAME |
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Mr.
NGUYEN THE LAM |
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ID Number/Passport |
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125142002 |
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Issued Place |
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Bac Ninh Department of Public Security |
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Resident |
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Thuong Hamlet Dinh Bang Ward - Tu Son
District - Bac Ninh Province - Vietnam |
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Nationality |
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Vietnamese |
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Number of Shares |
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2,000 |
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Value of shares |
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200,000,000 VND |
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Percentage |
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20% |
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3.
NAME |
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Mr.
TRAN VAN THANH |
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Position |
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Director |
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ID Number/Passport |
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125001183 |
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Resident |
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Thuong Hamlet Dinh Bang Ward - Tu Son
District - Bac Ninh Province - Vietnam |
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Mobile phone |
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+84914175196 |
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Nationality |
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Vietnamese |
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Number of Shares |
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5,500 |
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Value of shares |
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550,000,000 VND |
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Percentage |
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55% |
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FINANCIAL DATA
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The subject operated officially from third
quarter of 2010, so it financial data is not available in our database at present. |
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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Through its bank |
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Sale Methods |
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To contracts |
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Public opinion |
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Normal |
INTERPRETATION ON THE SCORES
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DONG
DUONG MEDICAL EQUIPMENT BUSINESS JOINT STOCK COMPANY has just been
founded in 2010 as a joint stock company and granted business registration
No. 0104675102 on 24 May 2010 with
current registered capital of 1,000,000,000 VND. The subject’s head office is
located at No 1A Tran Thanh Tong Str - Bach Dang Ward - Hai Ba Trung
District - Ha Noi City – Vietnam. DONG DUONG MEDICAL.,JSC is specializing in the field of importing and trading medical
equipments. Currently, about 8 employees are working for the subject. Its
board of director and staves are fairly young. The
main import market of the subject is Germany and it absolutely distributes in
domestic market, in which main customers are hospitals in Bac Ninh province. In
general, the subject is new and small company. The premise and facilities are
humble. Caution needed for any business transactions with the subject. |
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CREDIT INQUIRY: 125,000 USD against DA in terms. Not acceptable. |
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------------ APPENDIXES ----------
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 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.42 |
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1 |
Rs.70.95 |
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Euro |
1 |
Rs.63.63 |
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 |
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-- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.