MIRA INFORM REPORT
|
Report Date : |
16.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
AUREOLE BUSINESS COMPONENTS & DEVICES INC
HAI DUONG FACTORY |
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|
|
|
Registered Office : |
Lot D5 Phuc Dien Industrial Zone – Cam Phuc Commune - Cam Giang District - Hai Duong Province |
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Country : |
Vietnam |
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Financials (as on) : |
31.12.2009 |
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Year of Establishment : |
2006 |
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Legal Form : |
Branch |
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Line of Business : |
manufacturing and assembling plastic and metal products for electric
equipment and automobile industry |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 : |
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 |
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Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
SUBJECT IDENTIFICATION & LEGAL FORM
|
English Name |
|
AUREOLE BUSINESS COMPONENTS & DEVICES INC HAI DUONG FACTORY |
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Vietnamese Name |
|
CHI NHANH CONG TY TNHH AUREOLE BCD |
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Type of Business |
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Branch |
|
Year Established |
|
2006 |
|
Investment Certificate No |
|
04212000040 |
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Date of investment |
|
10 Nov 2006 |
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Place of investment |
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Hai Duong Industrial Zone Authority |
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Registered Investment Capital |
|
3,000,000 USD |
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Chartered capital |
|
3,000,000 USD |
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Tax code |
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3600504910-001 |
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Total Employees |
|
150 |
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Note |
|
At the given address we find
out the branch of “AUREOLE BUSINESS
COMPONENTS & DEVICES INC” with the name as above. So we give you
the report of “AUREOLE BUSINESS COMPONENTS & DEVICES INC HAI DUONG
FACTORY” |
Company ADDRESSES
|
Head Office |
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|
Address |
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Lot D5 Phuc Dien Industrial Zone – Cam Phuc Commune - Cam Giang
District - Hai Duong Province - Vietnam |
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Telephone |
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(84-320) 3630048 |
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Fax |
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(84-320) 3630053 |
SUBSIDIARIES AND RELATED COMPANIES
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1. PARENT COMPANY - AUREOLE BUSINESS
COMPONENTS & DEVICES INC |
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|
Registered
Capital |
|
5,800,000 USD |
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Tax code |
|
3600504910 |
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Address |
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Lot B4 Long
Binh Industrial Zone - Bien Hoa City - Dong Nai Province - Vietnam |
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Tel |
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(84-61)
3991214 |
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Fax |
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(84-61)
3991060 |
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Website |
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DIRECTORS
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1. NAME |
|
Mr. OSAMU MIWA |
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Position |
|
General Director |
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ID Number/Passport |
|
TF#4526704 |
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Nationality |
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Japanese |
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2. NAME |
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Mr. TOMOHIRO KITANO |
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Position |
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Director of Branch |
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Nationality |
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Japanese |
BUSINESS NATURE AND
ACTIVITIES
|
The subject specializes in
manufacturing and assembling plastic and metal products for electric
equipment and automobile industry |
IMPORT & EXPORT ACTIVITIES
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IMPORT: |
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|
Notes:
Following Ms. Linh - the subject's accountant: The material sources of the
subject come from Japan, Singapore, etc. But the subject does not import
directly. Its parent company directly imports these materials and then
supplies for the subject. |
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EXPORT: |
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·
Types
of products |
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Products |
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·
Market
|
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Japan, ASEAN
countries |
BANKERS
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1. JOINT STOCK COMMERCIAL
BANK FOR FOREIGN TRADE OF VIETNAM HAI DUONG BRANCH |
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|
Address |
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No.66 Nguyen
Luong Bang - Hai Duong City - Hai Duong Province - Vietnam |
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Telephone |
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(84-320)
3891173 / 3891259 |
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Fax |
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(84-320)
3891807 |
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2. THE BANK OF TOKYO
MITSUBISHI UFJ, LTD - HA NOI BRANCH |
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|
Address |
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Room V601 -
6Flr - Pacific Place Building - No. 83B Ly Thuong Kiet Street - Hoan Kiem
District - Ha Noi City - Vietnam |
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Telephone |
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(84-4)
39460600 |
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Fax |
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(84-4)
39460633 |
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3. MIZUHO CORPORATE BANK
HANOI BRANCH |
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|
Address |
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Suite 403-407
- 63 LTT Building - No. 63 Ly Thai To Str. - Hoan Kiem District - Ha Noi City
- Vietnam |
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Telephone |
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(84-4) 3936
3123 |
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Fax |
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(84-4) 3936
3124 |
SHAREHOLDERS
|
1. NAME |
|
AUREOLE BUSINESS COMPONENTS
& DEVICES INC |
|
Registered
Capital |
|
5,800,000 USD |
|
Tax code |
|
3600504910 |
|
Address |
|
Lot B4 Long Binh Industrial Zone - Bien Hoa City - Dong Nai Province -
Vietnam |
|
Tel |
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(84-61) 3991214 |
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Fax |
|
(84-61) 3991060 |
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Number of
shares |
|
100% |
FINANCIAL HIGHLIGHT
|
BALANCE SHEET |
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Unit: Million VND
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Balance sheet date |
31/12/2009 |
31/12/2008 |
|
Number of weeks |
52 |
52 |
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ASSETS |
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A. Current Asset |
15,051 |
9,368 |
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Receivables |
8,237 |
2,023 |
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Inventory |
4,752 |
5,655 |
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Cash and other
current assets |
2,062 |
1,690 |
|
B. Long term Asset |
38,951 |
41,697 |
|
1. Long term
account receivable |
N/A |
N/A |
|
2. Fixed assets
|
34,018 |
36,689 |
|
Tangible fixed
assets |
33,427 |
36,153 |
|
+ Original
cost |
55,955 |
41,866 |
|
+ Accumulated
depreciation value |
-22,528 |
-5,713 |
|
Financial
leasehold assets |
570 |
499 |
|
Intangible
fixed assets |
21 |
37 |
|
Construction
in progress and other long term asset |
0 |
0 |
|
TOTAL ASSETS |
54,002 |
51,065 |
|
LIABILITIES |
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|
Payable loans |
52,316 |
48,928 |
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Owner’s Equity
|
1,686 |
2,137 |
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TOTAL LIABILITY AND EQUITY |
54,002 |
51,065 |
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PROFIT & LOSS STATEMENT |
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Description |
31/12/2009 |
31/12/2008 |
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1. Total
Sale |
56,634 |
21,756 |
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2. Deduction
item |
3 |
18 |
|
3. Net
revenue |
56,631 |
21,738 |
|
4. Costs of
goods sold |
34,873 |
- |
|
5. Gross
profit |
21,758 |
- |
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6. Financial
income |
490 |
62 |
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7. Financial
expenses |
418 |
681 |
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8. Selling
expenses and Administrative overheads |
17,822 |
- |
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9. Net
operating profit |
4,008 |
- |
|
10. Other
income |
123 |
62 |
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11. Other
expenses |
48 |
2 |
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12. Other
profit /(loss) |
75 |
60 |
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13. Total
accounting profit before tax |
4,083 |
-536 |
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14. Current
corporate income tax |
0 |
0 |
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15. Deferred
corporate income tax |
0 |
0 |
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16. Interest
from subsidiaries/related companies |
0 |
0 |
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17. Profit
after tax |
4,083 |
-536 |
PAYMENT HISTORY & PERFORMANCE
EXPERIENCES
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Trade Morality |
|
Good |
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Liquidity |
|
N/A |
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Payment status |
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N/A |
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Financial
Situation |
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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 |
|
Through its
banks |
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Sale Methods |
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Retailer and
Wholesaler |
INTERPRETATION ON THE SCORES
|
The subject was originally
established in 2006 following the investment certificate No. 04212000040
issued by Hai Duong Industrial Zone Authority. It tax code is 3600504910-001.
The subject has registered investment capital of 3 million USD, the same with
its chartered capital. The subject is a branch of AUREOLE BUSINESS COMPONENTS
& DEVICES INC - A 100% Japanese invested company (the short name of
parent company is ABCD). ABCD was established in 2001 under the investment
license No. 87/GP-KCN-DN granted by Dong Nai Industrial Zone Authority with
registered capital of 5.8 million USD and investment duration of 45 years.
ABCD is one subsidiary of MITANI SANIGYO COMPANY LIMITED IN JAPAN. Subject’s head office is located
at Lot D5, Phuc Dien Industrial Zone, Cam Phuc Commune, Cam Giang District,
Hai Duong Province. The subject was established in late 2006 when the parent
company had a decision to build a factory in Hai Duong Province. This area is
large about 12,000 meter-square. The building area of the factory is about
2,280 meter-square. Its premise and facility is fairly good. Currently, the
subject has about 150 employees. The subject specializes in
manufacturing and producing plastic injection products for automobile
industry. The material sources of the subject come from domestic market and
foreign markets. The subject uses material from Singapore, Japan, etc. But
the subject does not import these products directly. Following Ms. Linh - the
subject's accountant, the subject imports those materials through its parent
company. The parent company in Dong Nai directly imports materials and
supplies for the subject. In 2007, the subject got ISO 9001 Certification and
ISO 14000 Certification and currently, it is applying these standards for its
production. After its production, the subject consumes its products in both
in domestic market and foreign markets. It usually exports its products to
Japan and ASEAN countries. The subject has an independent
accounting system with its parent company and it has its own financial
statements. We have tried my best to have its full financial data but we cannot.
So we give you the subject's financial highlight data as a reference.
According to the figures above, we can see the subject's total revenue in
2009 was 56.6 billion VND, increased more than two times compared to 2008. In
2008, the subject was lost amount of 536 million VND but in 2009 it made a
profit of 4.1 billion VND. It is a good sign for the development of the
subject. In general, this is a branch but
its business seems busy. It has much supports from its parent company. It can
meet small financial commitment. |
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 |
|||||
|
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 |
|||
|
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 |
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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 |
|||
|
Trade Balance |
-12.4 |
-12.2 |
-14.6 |
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.53 |
|
UK Pound |
1 |
Rs.71.91 |
|
Euro |
1 |
Rs.62.98 |
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.