MIRA INFORM REPORT

 

 

Report Date :           

06.05.2011

 

IDENTIFICATION DETAILS

 

Name :

TUAN THANH DAT TRADING AND IMPORT EXPORT COMPANY LIMITED 

 

 

Registered Office :

No. 33 - Yet Kieu Str - Ka Long Ward - Mong Cai City - Quang Ninh Province

 

 

Country :

Vietnam

 

 

Date of Incorporation :

23.02.2010

 

 

Com. Reg. No.:

5701370819

 

 

Legal Form :

One Member Liability Limited Company

 

 

Line of Business :

import-export service (temporary import and re-export)

 

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 – December 31, 2010

 

Country Name

Previous Rating

                   (30.09.2010)                  

Current Rating

(31.12.2010)

Vietnam

b1

b1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

 

SUBJECT IDENTIFICATION & LEGAL FORM

 

English Name

 

TUAN THANH DAT TRADING AND IMPORT EXPORT COMPANY LIMITED

Vietnamese Name

 

CONG TY TNHH MOT THANH VIEN THUONG MAI VA XUAT NHAP KHAU TUAN THANH DAT

Short name

 

TTDC

Type of Business

 

One member liability limited company

Year Established

 

2010

Business Registration No.

 

5701370819

Date of Registration

 

23 Feb 2010

Place of Registration

 

Department of Planning and Investment of Quang Ninh Province

Current registered capital

 

3,000,000,000 VND

Status

 

Unlisted

Tax code

 

5701370819

Total Employees

 

10

 

 

 

company ADDRESSES

 

Head Office

Address

 

No. 33 - Yet Kieu Str - Ka Long Ward - Mong Cai City - Quang Ninh Province - Vietnam

Telephone

 

(84-33) 3 881 173/ 3 887 589

Fax

 

(84-33) 3 887 589

Note: The correct address is as above, not as given (No. 1)

 

 

 

DIRECTORS

 

NAME

 

Mrs. DO THI THUY

Position

 

Director

ID Number/Passport

 

101110018

Nationality

 

Vietnamese

 

 

BUSINESS NATURE AND ACTIVITIES

 

The company operates in import-export service (temporary import and re-export).

 

 

 

IMPORT & EXPORT ACTIVITIES

 

IMPORT:

·         Types of products

 

Products

·         Market

 

Asia countries

·         Mode of payment

 

L/C; T/T; D/A

 

EXPORT:

·         Types of products

 

Products

·         Market

 

China

 

 

 

BANKERS

 

1. VIET NAM BANK FOR AGRICULTURE AND RURAL DEVELOPMENT MONG CAI BRANCH

Address

 

No.01 Hung Vuong Street, Hoa Lac Ward - Mong Cai City - Quang Ninh Province - Vietnam

Telephone

 

(84-33) 3777 177

Fax

 

(84-33) 3777 175

Note: The given bank may be bank of Chinese partner of the subject.

 

 

 

SHAREHOLDERS

 

NAME

 

Ms. DO THI THUY

Position

 

Director

ID Number/Passport

 

101110018

Nationality

 

Vietnamese

Value of shares

 

3,000,000,000 VND

Percentage

 

100%

 

 

 

FINANCIAL DATA

 

N/A. As a new company, its financial data is unavailable.

 

 

 

PAYMENT HISTORY & PERFORMANCE EXPERIENCES

 

Trade Morality

 

Normal

Liquidity

 

N/A

Payment status

 

N/A

Financial Situation

 

Normal

Development trend

 

N/A

Litigation data

 

No Record

Bankruptcy

 

No Record

Payment Methods

 

L/C; T/T; D/A

Sale Methods

 

Other

 

 

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

Unacceptable! Caution needed with this transaction

 

 

 

INTERPRETATION ON THE SCORES

 

TUAN THANH DAT TRADING AND IMPORT EXPORT COMPANY LIMITED was established on 23 Feb 2010 under the business registration No. 5701370819 granted by Planning and Investment Department of Quang Ninh province, its current registered capital is 3,000,000,000 VND. Its registration office is at No 33 - Yet Kieu Str - Ka Long Ward - Mong Cai City - Quang Ninh Province - Vietnam. About 10 employees are working for the subject.

At present, the subject operates in field of temporary import and re-export as an export-import service company. It temporarily exports to only one partner in China, who is traditional partner.

Finally, the subject are operating at small scale, its prestige is humble. It has just officially operated in Feb 2010, so its financial data is not available in our resource.  However base on current operation situation of the company, caution is needed for any commitments with the subject.

 

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.44.57

UK Pound

1

Rs.73.58

Euro

1

Rs.66.23

 

 

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.