MIRA INFORM
REPORT
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Report Date : |
27.06.2011 |
IDENTIFICATION DETAILS
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Name : |
BAO NGAN TRADING IMPORT AND EXPORT ONE MEMBER
LIMITED COMPANY |
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Registered Office : |
No. 356, Ba Trieu street - Dong Kinh Ward - Lang Son City - Lang Son
Province |
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Country : |
Vietnam |
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Year of Establishment : |
2011 |
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Com. Reg. No.: |
4900604698 |
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Legal Form : |
One Member Liability Limited Company |
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Line of Business : |
Importing, Exporting and Wholesaling agricultural products as bean and peanut |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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---- |
NB |
New Business |
---- |
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Status : |
New Company |
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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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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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BAO NGAN TRADING
IMPORT AND EXPORT ONE MEMBER LIMITED COMPANY |
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Vietnamese Name |
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CONG TY TNHH MTV THUONG MAI XUAT NHAP KHAU
BAO NGAN |
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Type of Business |
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One member liability limited company |
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Year Established |
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2011 |
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Business Registration No. |
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4900604698 |
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Date of Registration |
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09 Mar 2011 |
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Place of Registration |
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Planning and investment Department of Lang
Son Province |
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Current registered capital |
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5,000,000,000 VND |
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Status |
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Unlisted |
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Tax code |
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4900604698 |
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Total Employees |
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3 |
company ADDRESSES
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Head Office |
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Address |
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No. 356, Ba Trieu street - Dong Kinh Ward
- Lang Son City - Lang Son Province - Vietnam |
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Telephone |
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(84-25) 3872 251 |
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Fax |
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(84-25) 3872 251 |
DIRECTORS
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1.
NAME |
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Ms.
NGUYEN THI CHIEN |
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Position |
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Director |
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Date of Birth |
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1966 |
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ID Number/Passport |
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080760013 |
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ID Issue Date |
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30 May 2001 |
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ID Issue Place |
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Lang Son Police
Station |
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Current resident |
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No. 356 Ba Trieu Street Dong Kinh Ward -
Lang Son City - Lang Son Province - Vietnam |
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Nationality |
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Vietnamese |
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Tel/Mobil phone |
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+84 9 1329 8655 |
BUSINESS NATURE AND ACTIVITIES
The subject specializes in importing, exporting and wholesaling
agricultural products as bean and peanut.
IMPORT & EXPORT ACTIVITIES
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IMPORT: |
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·
Types of products |
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Agricultural products as bean and peanuts |
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·
Market |
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India |
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·
Ratio |
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100% |
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·
Mode of payment |
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L/C |
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EXPORT: |
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·
Types of products |
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Agricultural products as bean and peanuts |
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·
Market |
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China |
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·
Ratio |
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100% |
BANKERS
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1.
SAI GON - HA NOI COMMERCIAL JOINT STOCK BANK |
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Address |
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No. 77 Tran Hung Dao str - Hoan Kiem District - Ha Noi City - Vietnam |
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Telephone |
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(84-4) 39423388 |
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Fax |
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(84-4) 39410944 |
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2.
AGRICULTURE AND RURAL DEVELOPMENT OF VIETNAM LANG SON BRANCH |
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Address |
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No. 163 Tran Dang Ninh - Lang Son City - Lang Son Province - Vietnam |
SHAREHOLDERS
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1.
NAME |
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Ms.
NGUYEN THI CHIEN |
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Position |
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Director |
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Date of Birth |
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1966 |
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ID Number/Passport |
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080760013 |
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Issued on |
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30 May 2001 |
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Issued Place |
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Lang Son Police Station |
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Current Resident |
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No. 356 Ba Trieu Street Dong Kinh Ward -
Lang Son City - Lang Son Province - Vietnam |
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Mobile phone |
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+84 9 1329 8655 |
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Nationality |
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Vietnamese |
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Percentage |
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100% |
FINANCIAL DATA
Note: Because of the newly
established company the financial data of the subject is not available.
PAYMENT HISTORY & PERFORMANCE EXPERIENCES
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Trade Morality |
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Normal |
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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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Weak |
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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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L/C |
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Sale Methods |
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Wholesaler |
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Public opinion |
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Limited |
CREDIT INQUIRY: USD 125,000 against DA in terms
UNACCEPTABLE!
INTERPRETATION ON THE SCORES
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BAO
NGAN TRADING IMPORT AND EXPORT ONE MEMBER LIMITED COMPANY was established
under the business registration No. 4900604698 granted by Planning and Investment
Department of Lang Son Province on 9th March 2011. Currently, it is operating
with registered capital as VND 5 billion and total labors as 3 people. Because
of new established company, the subject facilities are very simple. Its
office is a private house that the subject rented a room in the first floor
of the house for transactions. It does not have warehouse to store its good.
The important requirements with the subject are it must complete facilities,
organizational structure and find partners as well. It is
considered that the subject has just started its operation. It specializes in
importing, exporting and wholesaling agricultural products as bean and
peanut. Currently, its only buys bean and peanut from agents in Nghe An
Province - Vietnam then wholesales to others resellers and exports a small
part of commodities to China. According
to Ms. Nguyen Thi Chien - The subject's director, because of newly
established company, the subject's capital already contributed is less than
50% of its registered capital. Ms. Chien also stated that, the import
contract with Indian exporter is the first import contract of the subject
since establishment. In
general, the subject is the newly established company has small scale.
Caution is need for all transaction with the subject. |
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 |
|
US Dollar |
1 |
Rs.44.94 |
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UK Pound |
1 |
Rs.71.89 |
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Euro |
1 |
Rs.64.09 |
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 |
|
<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.