MIRA INFORM REPORT
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Report Date : |
26.03.2011 |
IDENTIFICATION DETAILS
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Name : |
HUY TUAN JOINT STOCK COMPANY |
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Registered Office : |
No. 200 - Group 1 -
4D Area - Nguyen Van Cu Str - Hong Hai Ward - Ha |
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Country : |
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Date of Incorporation : |
10.06.2010 |
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Com. Reg. No.: |
5701407875 |
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Legal Form : |
Joint Stock
Company |
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Line of Business : |
Import-Export Service |
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 : |
Moderate |
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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 – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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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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HUY TUAN JOINT STOCK COMPANY |
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Vietnamese Name |
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CONG TY CO PHAN HUY TUAN |
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Short name |
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HT
- JSC |
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Type of Business |
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Joint stock company |
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Year Established |
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2010 |
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Business Registration No. |
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5701407875 |
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Date of Registration |
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10 Jun 2010 |
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Place of Registration |
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Department of Planning and Investment of |
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Current registered capital |
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4,800,000,000 VND |
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Status |
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Unlisted |
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Tax code |
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5701407875 |
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Total Employees |
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10 |
company ADDRESSES
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Head Office |
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Address |
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No. 200 - Group 1 - 4D Area - Nguyen Van Cu Str - Hong Hai Ward - Ha |
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Telephone |
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(84-33)3 623 968 |
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Fax |
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(84-33)3 623 968 |
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Note:
The given phone and fax number are numbers at Group 5 - Hamlet 7A - Bai
Chay Ward - Ha Long City - Quang Ninh Province where also is resident address
of Mr. Nguyen Hong Thai. |
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DIRECTORS
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1 . NAME |
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Mr. NGUYEN HONG THAI |
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Position |
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Chairman and General Director |
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Date of Birth |
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25 Apr 1966 |
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ID Number/Passport |
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100558814 |
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Resident |
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Group 5 - 7A area - Bai Chay Ward - Ha Long City - |
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Nationality |
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Vietnamese |
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Email |
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BUSINESS NATURE AND ACTIVITIES
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The company operates in
import-export service (temporary import and re-export) |
IMPORT & EXPORT ACTIVITIES
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IMPORT: |
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·
Types
of products |
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Refrigerated
goods |
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·
Market
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·
Mode
of payment |
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L/C; T/T; D/A |
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EXPORT: |
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·
Types
of products |
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Refrigerated
goods |
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·
Market
|
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Asian
countries. |
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·
Mode
of payment |
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L/C; T/T; D/A |
BANKERS
|
VIET NAM JOINT STOCK
COMMERCIAL BANK FOR INDUSTRY AND TRADE BAI CHAY BRANCH |
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Address |
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Bai Chay ward
- Ha Long City - |
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Telephone |
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(84-33)
3846560 |
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Fax |
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(84-33) 3845
371 |
SHAREHOLDERS
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1 . NAME |
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Mr. NGUYEN HONG THAI |
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Position |
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Chairman and General Director |
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Date of Birth |
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25 Apr 1966 |
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ID Number/Passport |
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100558814 |
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Issued on |
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21 Aug 1998 |
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Issued Place |
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Quang Ninh Department Of Public Security |
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Email |
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huytuanxnk.hl@gmail.com |
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Nationality |
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Vietnamese |
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Number of Shares |
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30,000 |
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Value of shares |
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3,000,000,000 VND |
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Percentage |
|
62.5% |
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2 . NAME |
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Mr. NGUYEN HONG HA |
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ID Number/Passport |
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100080925 |
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Resident |
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Group 1 - 4B area - Hong Hai
Ward - Ha Long City - |
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Nationality |
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Vietnamese |
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Number of Shares |
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9,000 |
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Value of shares |
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900,000,000 VND |
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Percentage |
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18.75% |
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3 . NAME |
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Mr. DO DINH CHIEN |
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ID Number/Passport |
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100776600 |
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Resident |
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Group 12 – 1 area - Bach Dang Ward - Ha Long City - |
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Nationality |
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Vietnamese |
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Number of Shares |
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9,000 |
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Value of shares |
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900,000,000 VND |
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Percentage |
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18.75% |
FINANCIAL DATA
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N/a |
PAYMENT HISTORY & PERFORMANCE EXPERIENCES
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Trade Morality |
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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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N/A |
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Development
trend |
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Stable |
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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; T/T; D/A |
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Other |
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CREDIT INQUIRY:
125,000 USD against D/A in terms. Caution is
needed. |
INTERPRETATION ON THE SCORES
|
Huy Tuan Joint Stock Company has
just been established on 10 Jun 2010 under the business registration No. 5701407875
granted by Planning and Investment Department of Quang Ninh province, its
current registered capital is 4,800,000,000 VND. Its registration office is
at No 200 - Group 1 - 4D Area -Nguyen Van Cu Str - Hong Hai Ward - Ha Long
City - At present, the subject operates
in field of temporary import and re-exports with main lines of refrigerated
goods. Mr. Nguyen Hong Thai, chairman and general director of the subject
reveals that the company is operating as an export-import service company. It
temporarily imports from only one partner, who is traditional partner, in Finally, the subject is operating
at small scale. Its prestige is humble. Huy Tuan JSC has just officially
operated in July 2010, so its financial data is not available in our
resource. However base on current
operation situation of the company, caution is needed for the given credit. |
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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.65 |
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|
1 |
Rs.71.91 |
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Euro |
1 |
Rs.63.28 |
RATING EXPLANATIONS
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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 |
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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 |
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.