MIRA INFORM REPORT
|
Report Date : |
13.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
MAIDONG COMPANY LIMITED |
|
|
|
|
Registered Office : |
31-33 Trung Lang
Street, Ward 12 - Tan Binh District - Ho Chi Minh City |
|
|
|
|
Country : |
Vietnam |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
21.04.2010 |
|
|
|
|
Com. Reg. No.: |
0301944964 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Trading Medical Equipments |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment
Behaviour : |
No Complaints |
|
|
|
|
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
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Vietnam |
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
|
English Name |
|
MAIDONG COMPANY LIMITED |
|
Vietnamese Name |
|
CONG TY TNHH TRANG THIET BI Y TE MAI DONG |
|
Trade name |
|
MAIDONG
COMPANY LIMITED |
|
Short name |
|
MDC.,
LTD |
|
Type of Business |
|
Limited liability company |
|
Year Established |
|
2000 |
|
Business Registration No. |
|
0301944964 |
|
Date of Registration |
|
21 Apr 2010 |
|
Place of Registration |
|
Planning and Investment Department of Ho Chi Minh City |
|
Current registered capital |
|
5,000,000,000 VND |
|
Tax code |
|
0301944964 |
|
Total Employees |
|
40 |
Notes: The
given name “MAI DONG MEDICAL EQUIPMENT COMPANY LIMITED” is not exactly.
ADDRESSES
|
Head Office |
||
|
Address |
|
31-33 Trung Lang Street, Ward 12 - Tan Binh District - Ho Chi Minh
City - Vietnam |
|
Telephone |
|
(84-8) 3811 7205 - 3811 5144 |
|
Fax |
|
(84-8) 3811 5980 |
DIRECTORS
|
NAME |
|
Mr. DANG NGOC DAM |
|
Position |
|
Director |
|
Date of Birth |
|
25 Dec 1955 |
|
ID Number/Passport |
|
020127570 |
|
ID Issue Date |
|
12 Aug 1999 |
|
Resident |
|
33 Trung Lang Street, Ward 12 - Tan Binh
District - Ho Chi Minh City - Vietnam |
|
Nationality |
|
Vietnamese |
BUSINESS NATURE AND ACTIVITIES
|
The
subject is specializing in trading medical equipments. |
IMPORT & EXPORT ACTIVITIES
|
IMPORT: |
||
|
·
Types
of products |
|
Machines,
equipments |
|
·
Market
|
|
India, USA |
|
|
||
|
EXPORT: |
||
|
·
Market
|
|
N/A |
BANKERS
|
1. VIETNAM TECHNOLOGICAL AND
COMMERCIAL JOINT STOCK BANK - PASTER BRANCH |
||
|
Address |
|
24-26 Pasteur
Str, Ben Nghe Ward - 1 District - Ho Chi Minh City - Vietnam |
|
Telephone |
|
(84-8)
38212155 |
|
Fax |
|
(84-8)
38212153 |
|
|
||
|
2. ASIA COMMERCIAL BANK |
||
|
Address |
|
No.442, Nguyen
Thi Minh Khai Street - 3 District - Ho Chi Minh City - Vietnam |
|
Telephone |
|
(84-8) 3929
0999 |
|
Fax |
|
(84-8) 3839
9885 |
SHAREHOLDERS
|
1. NAME |
|
Mr. DANG NGOC DAM |
|
Position |
|
Director |
|
Date of Birth |
|
25 Dec 1955 |
|
ID Number/Passport |
|
020127570 |
|
Issued on |
|
12 Aug 1999 |
|
Resident |
|
33 Trung Lang Street, Ward 12 - Tan Binh District - Ho Chi Minh City
- Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
4,500,000,000 VND |
|
Percentage |
|
90% |
|
|
||
|
2. NAME |
|
Ms. NGUYEN THI ON |
|
ID Number/Passport |
|
020975818 |
|
Resident |
|
33 Trung Lang Street, Ward 12 - Tan Binh District - Ho Chi Minh City
- Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
500,000,000 VND |
|
Percentage |
|
10% |
FINANCIAL HIGHLIGHT
|
BALANCE SHEET |
|
Unit: One VND
|
|
|
Balance sheet date |
31/12/2009 |
|
Number of weeks |
52 |
|
ASSETS |
|
|
A. Current Asset |
60,572,000,000 |
|
Receivables |
0 |
|
Inventory |
19,034,000,000 |
|
Cash and other
current assets |
41,538,000,000 |
|
B. Long term Asset |
8,418,000,000 |
|
1. Long term
account receivable |
0 |
|
2. Fixed
assets |
8,418,000,000 |
|
Tangible fixed
assets |
8,418,000,000 |
|
+ Original
cost |
-9,615,000,000 |
|
+ Accumulated
depreciation value |
18,033,000,000 |
|
Financial
leasehold assets |
0 |
|
Intangible
fixed assets |
0 |
|
Construction
in progress and other long term asset |
0 |
|
TOTAL ASSETS |
68,990,000,000 |
|
|
|
|
LIABILITIES |
|
|
Payable loans |
17,670,000,000 |
|
Owner’s Equity
|
51,320,000,000 |
|
TOTAL LIABILITY AND EQUITY |
68,990,000,000 |
|
|
|
|
PROFIT & LOSS STATEMENT |
|
|
|
|
|
1. Total
Sale |
109,621,000,000 |
|
2. Deduction
item |
0 |
|
3. Net sale
|
109,621,000,000 |
|
4. Costs of
goods sold |
60,482,000,000 |
|
5. Gross
profit |
49,139,000,000 |
|
6. Financial
income |
0 |
|
7. Financial
expenses |
0 |
|
8. Selling
expenses and Administrative overheads |
10,329,000,000 |
|
9. Net
operating profit |
38,810,000,000 |
|
10. Other
income |
314,000,000 |
|
11. Other
expenses |
0 |
|
12. Other
profit /(loss) |
314,000,000 |
|
13. Total
accounting profit before tax |
39,124,000,000 |
|
14. Current
corporate income tax |
9,781,000,000 |
|
15. Deferred
corporate income tax |
- |
|
16. Interest
from subsidiaries/related companies |
- |
|
17. Profit
after tax |
29,343,000,000 |
PAYMENT HISTORY & PERFORMANCE EXPERIENCES
|
Trade Morality |
|
Fair |
|
Liquidity |
|
Medium |
|
Payment status |
|
Above Average |
|
Financial
Situation |
|
Above Average |
|
Development
trend |
|
Positive |
|
Litigation
data |
|
No Record |
|
Bankruptcy |
|
No Record |
|
Payment
Methods |
|
TT, L/C |
|
Sale Methods |
|
Wholesaler |
|
Public opinion
|
|
N/A |
INTERPRETATION ON THE SCORES
|
The subject – MAI DONG COMPANY
LIMITED was established in 2000. At present, the subject operates under
the business registration No. 0301944964 and the registered capital is 5,000,000,000 VND. The subject is specializing in trading medical equipments. The subject is an
official agent of Bayer Diagnostics (Bayer, Chiron, Ciba corning) of USA. In
addition, the subject also imports laboratory equipments from India. Its products are distributed for
hospitals in Ho Chi Minh City and neighboring provinces. The
premise and facility of the subject is relative. Its head office located at 31-33 Trung Lang Street,
Ward 12 - Tan Binh District - Ho Chi Minh City. This address is also the
resident of Mr. DANG NGOC DAM – The subject’s Director. The management
capacity of the subject is fair. The subject’s board director has much
experience business in this field. In general, the subject operates effective in medium scale
with 40 staffs. The subject has a long history formation and development so the position is this industry is above
average. According to the financial highlight, the business result of the
subject in 2009 is fair with the sale was nearly 110 billion VND and the
profit after tax was 29 billion VND. In our opinion, the subject has capacity
to meet all small – medium transactions. |
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 |
||||||
|
|
||||||
|
|
2010 |
2009 |
2008 |
|||
|
Population (Million person) |
86.93 |
86.02 |
86.1 |
|||
|
Gross Domestic Products (US$ billion) |
102.2 |
91 |
84.9 |
|||
|
GDP Growth (%) |
6.78 |
5.32 |
6.2 |
|||
|
GDP Per Capita (US$) |
1,160 |
1,080 |
1,040 |
|||
|
Inflation (% Change in Composite CPI) |
11.75 |
6.88 |
24.4 |
|||
|
|
||||||
|
SERVICE TRADE PERFORMANCE |
||||||
|
|
||||||
|
Billion USD |
2010 |
2009 |
2008 |
|||
|
Exports |
71.6 |
56.6 |
62.9 |
|||
|
Imports |
84 |
68.8 |
76.6 |
|||
|
Trade Balance |
-12.4 |
-12.2 |
-14.6 |
|||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.69 |
|
UK Pound |
1 |
Rs.70.87 |
|
Euro |
1 |
Rs.62.26 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.