MIRA INFORM REPORT

 

 

Report Date :           

24.06.2011

 

IDENTIFICATION DETAILS

 

Name :

THINH DUONG INVESTMENT AND TRADING COMPANY LIMITED 

 

 

Registered Office :

No. 656 Ha Huy Tap Street Yen Vien Town – Gia Lam District – Ha Noi City

 

 

Country :

Vietnam

 

 

Date of Incorporation :

10.01.2007

 

 

Com. Reg. No.:

0102029561

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Trading machine, equipment material for processing agricultural, forest, aquatic product

 

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 :

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 – 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

 

 Bottom of Form

 

 

SUBJECT IDENTIFICATION & LEGAL FORM

 

English Name

 

THINH DUONG INVESTMENT AND TRADING COMPANY LIMITED

Vietnamese Name

 

CONG TY TNHH THUONG MAI VA DAU TU THINH DUONG

Short name

 

THINH DUONG CO.,LTD

Type of Business

 

Limited liability company

Year Established

 

N/A

Business Registration No.

 

0102029561

Date of Registration

 

10 Jan 2007

Place of Registration

 

Department of Planning and Investment of Ha Noi City

Current registered capital

 

5,000,000,000 VND

Status

 

Unlisted

Tax code

 

0102142620

Employees

 

N/A

 

 

 

company ADDRESSES

 

Head Office

Address

 

No. 656 Ha Huy Tap Street Yen Vien Town – Gia Lam District – Ha Noi City – Vietnam

Telephone

 

(84-4) 38780057/36982976

Note: The given phone number is not contact and give fax number is incorrect.

 

 

 

DIRECTORS

 

1. NAME

 

Ms. VU THI THANH HA

Position

 

Chairman

ID Number/Passport

 

205098779

Resident

 

Group 38, Block 7 Thanh Ha Ward - Hoi An District - Quang Nam Province - Vietnam

Current resident

 

No. 656 Ha Huy Tap Street Yen Vien Town - Gia Lam District - Ha Noi City - Vietnam

 

 

BUSINESS NATURE AND ACTIVITIES

 

The subject registers:
- Import and export kinds of goods it trades
- Agent goods on consignment
- Trading machine, equipment material for processing agricultural, forest, aquatic product
- Trading and manufacturing agricultural, forest, aquatic product

 

 

 

IMPORT & EXPORT ACTIVITIES

 

N/A

 

 

 

BANKERS

 

N/A

 

 

 

SHAREHOLDERS

 

1. NAME

 

Ms. VU THI THANH HA

Position

 

Chairman

ID Number/Passport

 

205098779

Resident

 

Group 38, Block 7 Thanh Ha Ward - Hoi An District - Quang Nam Province - Vietnam

Current Resident

 

No. 656 Ha Huy Tap Street Yen Vien Town - Gia Lam District - Ha Noi City - Vietnam

Value of shares

 

3,750,000,000 VND

Percentage

 

75%

 

2. NAME

 

Ms. VU THI THANH NGA

ID Number/Passport

 

205208280

Resident

 

Group 38, Block 7 Thanh Ha Ward - Hoi An District - Quang Nam Province - Vietnam

Value of shares

 

1,250,000,000 VND

Percentage

 

25%

 

 

 

FINANCIAL DATA

 

We have tried best to collect financial data but it is not available in our sources.

 

 

 

PAYMENT HISTORY & PERFORMANCE EXPERIENCES

 

Trade Morality

 

Normal

Liquidity

 

N/A

Payment status

 

N/A

Financial Situation

 

Below Average

Development trend

 

Stable

Litigation data

 

No Record

Bankruptcy

 

No Record

Payment Methods

 

N/A

Sale Methods

 

Retailer and Wholesaler

Public opinion

 

N/A

 

 

 

CREDIT RECOMMENDATIONS

 

There is limited information has been found so we do not give out detail score. In general, the Subject is graded at: CCC

 

CREDIT INQUIRY: USD 125,000 Against D/A In terms

Caution is necessary.

 

 

 

INTERPRETATION

 

The subject was established under business registration No. 0102029561 and its tax code is 0102142620. It has got registered capital VND 5 billion and main two shareholders Ms. Vu Thi Thanh Nga and Ms. Vu Thi Thanh Ha. Ms. Thanh Ha also is chairwoman of the subject.
Registered address is at No. 656 Ha Huy Tap Street, Yen Vien Town, Gia Lam District, Ha Noi Province. This is current resident address of Ms. Thanh Ha.
The subject registers activities:
- Import and export kinds of goods it trades
- Agent goods on consignment
- Trading machine, equipment material for processing agricultural, forest, aquatic product
- Trading and manufacturing agricultural, forest, aquatic product
We have try best to contact with subject but it is not available. We only have subject's legal information in our data. Cautions are necessary with all 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.44.93

UK Pound

1

Rs.72.09

Euro

1

Rs.64.21

 

 

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.