MIRA INFORM REPORT
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Report Date : |
29.06.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
HANH LIEM TRADING PRODUCTION IMPORT EXPORT
COMPANY LIMITED |
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Registered Office : |
160/36 Vuon Lai Street - Ward Tan Thanh - Tan Phu District - Ho Chi Minh City |
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Country : |
Vietnam |
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Date of Incorporation : |
16.09.2009 |
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Com. Reg. No.: |
0309362421 |
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Legal Form : |
One Member Limited Liability Company |
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Line of Business : |
trading and export agricultural products including coirs, cashew nuts,
green beans, grains and aquatic products. |
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 : |
Small 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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Registered English Name |
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HANH LIEM TRADING PRODUCTION IMPORT EXPORT COMPANY LIMITED |
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Registered Vietnamese Name |
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CONG TY TNHH MOT THANH VIEN THUONG MAI SAN XUAT XUAT NHAP KHAU HANH
LIEM |
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Registered Short name |
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CONG
TY TNHH TM SX XNK HANH LIEM |
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Type of Business |
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One Member Limited Liability Company |
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Year Established |
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2009 |
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Business Registration No. |
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0309362421 |
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Date of Registration |
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16 Sep 2009 |
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Place of Registration |
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Business Registration Office of Ho Chi Minh City |
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Current registered capital |
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10,000,000,000 VND |
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Tax code |
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0309362421 |
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Total Employees |
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5 |
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Size |
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Small |
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Notes:
the given name ( HANHLIEM IMPORT EXPORT CO LTD) is not quite correct. The
correct one is above |
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company ADDRESSES
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The given
address is branch’s address of subject |
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Head Office |
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Address |
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160/36 Vuon Lai Street - Ward Tan Thanh - Tan Phu District - Ho Chi
Minh City - Vietnam |
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Telephone |
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84-8 3847 2493 |
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Fax |
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84-8 3812 5594 |
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Email |
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Branch in Ho Chi Minh |
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Address |
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No.29 Nguyen Van Dung Street Ward 6 - District 5- Ho Chi Minh City -
Vietnam |
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Telephone |
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84-8 3836 3849 - 3836 3721 |
DIRECTORS
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1. NAME |
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Mr. HWAN-JIEH - LIEM ( HUYNH
GIOI LIEM) |
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Position |
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Director |
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Nationality |
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Vietnamese |
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Tel |
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84-1668177779 |
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2. NAME |
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Ms. NGUYEN THI HANH |
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Position |
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Representative by law |
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ID Number/Passport |
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022173742 |
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Resident |
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370/41A Tan Son Nhi Street - Tan son Nhi Ward -
Tan Phu District - Ho Chi Minh City - Vietnam |
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Nationality |
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Vietnamese |
BUSINESS NATURE AND ACTIVITIES
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The subject specializes in
trading and export agricultural products including coirs, cashew nuts, green
beans, grains and aquatic products. |
IMPORT & EXPORT ACTIVITIES
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IMPORT: |
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·
Types
of products |
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Agricultural
products |
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Market
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India |
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EXPORT: |
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Types
of products |
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Goods |
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Market
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China |
BANKERS
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VIET NAM BANK FOR AGRICULTURE
AND RURAL DEVELOPMENT DISTRICT TAY CHO LON BRANCH |
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Address |
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No.24 Phu Giao
Street, Ward 14 - District 5- Ho Chi Minh City - Vietnam |
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Telephone |
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(84-8)
38548126 |
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Fax |
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(84-8)
38548128 |
SHAREHOLDERS
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NAME |
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Ms. NGUYEN THI HANH |
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Position |
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Representative by law |
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ID Number/Passport |
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022173742 |
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Resident |
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370/41A Tan Son Nhi Street - Tan son Nhi Ward - Tan Phu District - Ho
Chi Minh City - Vietnam |
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Nationality |
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Vietnamese |
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Percentage |
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100% |
FINANCIAL DATA
Finance statements of the subject are not
available
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CREDIT
INQUIRY: 125,000 USD, D/A terms |
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Caution
needed |
INTERPRETATION ON THE SCORES
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Subject is a one member limited
liability company which is established in 2009 under the Business
Registration No.0309362421. Its registration capital is VND10 billion. The
subject specializes in trading and import – export agricultural products such
as green bean, coir, cashew and some other cereal products. The subject
registers head office locating at 160/36 Vuon Lai Street - Ward Tan Thanh - -
Tan Phu District - Ho Chi Minh City and
its branch locating at No.29 Nguyen Van Dung Street - Ward 6 -
District 5 - Ho Chi Minh City. The facilities are small. The head office is a
small office which is hired. Its legal representative person
is Ms. Nguyen Thi Hanh but the subject is run by Mr. Huynh Gioi Liem.
According to the subject’s employees, all activities conducted which must be
through review of Mr.Liem. The subject has just established
since 2009 so its position industry is not strong, its market share is small.
The subject exports goods to China. The subject had planned to export aquatic
to United Kingdom but that plan has been delayed by some objective reasons. Currently the subject is
operating with 5 employees. Caution with all transactions with 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 |
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US Dollar |
1 |
Rs.45.05 |
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UK Pound |
1 |
Rs.71.92 |
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Euro |
1 |
Rs.64.37 |
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 |
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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.