MIRA INFORM REPORT
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Report Date : |
16.05.2011 |
IDENTIFICATION DETAILS
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Name : |
THIEN THIEN PHAT TRADING COMPANY LIMITED |
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Registered Office : |
61/27 Le Duc Tho Street, Ward 6 - Go Vap District - Ho Chi
Minh City |
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Country : |
Vietnam |
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Date of Incorporation : |
10.12.2007 |
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Com. Reg. No.: |
4102056655 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trading Animal Feed and stationeries |
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 : |
No Complaints |
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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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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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THIEN THIEN PHAT TRADING COMPANY LIMITED |
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Vietnamese Name |
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CONG TY TNHH THUONG MAI THIEN THIEN PHAT |
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Trade name |
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THIEN
THIEN PHAT TRADING COMPANY LIMITED |
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Short name |
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THIEN
PHAT TRADING CO., LTD |
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Type of Business |
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Limited liability company |
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Year Established |
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2007 |
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Business Registration No. |
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4102056655 |
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Date of Registration |
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10 Dec 2007 |
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Place of Registration |
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Planning and Investing Department of Hochiminh City |
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Current registered capital |
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1,000,000,000 VND |
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Tax code |
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0305368006 |
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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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61/27 Le Duc Tho Street, Ward 6 - Go Vap District - Ho Chi Minh City
- Vietnam |
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Telephone |
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(84-8) 3984 7963 |
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Fax |
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(84-8) 3974 8873 |
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Email |
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Website |
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Notes: The given address (51/27 Le Duc Tho Street, Ward
6 - Go Vap District HCM) is not quite correct. The correct address is as
above. |
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Warehouse |
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Address |
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23/126 Le Duc Tho Street, Ward 6 - Go Vap District - Ho Chi Minh City
- Vietnam |
DIRECTORS
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1. NAME |
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Mr. NGUYEN DINH MINH |
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Position |
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Chairman |
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ID Number/Passport |
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205138981 |
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Resident |
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Hamlet 2 Tam Phuoc Ward - Tam Ky City - Quang
Nam Province - Vietnam |
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Nationality |
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Vietnamese |
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Tel/Mobil phone |
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++84 918 686 641 |
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2. NAME |
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Ms. TRUONG THI HA QUYEN |
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Position |
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Director |
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Date of Birth |
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01 Jul 1985 |
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ID Number/Passport |
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205138984 |
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Resident |
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Hamlet 2 Tam Phuoc Ward - Tam Ky City - Quang
Nam Province - Vietnam |
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Nationality |
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Vietnamese |
BUSINESS NATURE AND ACTIVITIES
The subject specializing in trading animal feed and stationeries.
IMPORT & EXPORT ACTIVITIES
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IMPORT: |
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·
Types
of products |
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animal feed |
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·
Market
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India |
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EXPORT: |
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·
Market
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N/A |
BANKERS
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1. VIETNAM EXPORT IMPORT
COMMERCIAL JOINT STOCK BANK |
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Address |
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No. 7 Le Thi
Hong Gam Street Nguyen Thai Binh Ward - 1 Dist - Ho Chi Minh City - Vietnam |
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Telephone |
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(84-8) 3821
0055 |
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Fax |
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(84-8) 3829
6063 |
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2. ASIA COMMERCIAL JOINT
STOCK BANK |
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Address |
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444 Nguyen Thi
Minh Khai - 3 District - Ho Chi Minh City - Vietnam |
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Telephone |
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(84-8) 3832
8988 |
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Fax |
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(84-8) 3832
8987 |
SHAREHOLDERS
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1. NAME |
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Mr. NGUYEN DINH MINH |
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Position |
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Chairman |
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ID Number/Passport |
|
205138981 |
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Resident |
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Hamlet 2 Tam Phuoc Ward - Tam Ky City - Quang Nam Province - Vietnam |
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Mobile phone |
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++84 918 686 641 |
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Nationality |
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Vietnamese |
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Value of shares |
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900,000,000 VND |
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Percentage |
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90% |
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2. NAME |
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Ms. TRUONG THI HA QUYEN |
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Position |
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Director |
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Date of Birth |
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01 Jul 1985 |
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ID Number/Passport |
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205138984 |
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Resident |
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Hamlet 2 Tam Phuoc Ward - Tam Ky City - Quang Nam Province - Vietnam |
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Nationality |
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Vietnamese |
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Value of shares |
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100,000,000 VND |
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Percentage |
|
10% |
FINANCIAL DATA
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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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Normal |
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Development
trend |
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Positive |
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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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TT, L/C |
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Sale Methods |
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Retailer and
Wholesaler |
INTERPRETATION ON THE SCORES
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The subject - THIEN THIEN PHAT
TRADING COMPANY LIMITED was established in last 2007 under the
business registration No. 4102056655 and the registered capital was 1,000,000,000
VND. The subject is specializing in supplying stationeries for companies in
Hochiminh City, trading animal feed. The subject imports animal feed from
India and distributes for Western and Central provinces. The premise and facility of the subject is normal. Its head
office is small and located in No. 61/27 Le Duc Tho Str, Ward 6 - Go Vap Dist
- Ho Chi Minh City. The subject’s management capacity is average. Ms. NGUYEN
THI HA QUYEN – Director is a dynamic and creative person. In general, the subject operates normal in small scale with
10 staffs. According to Mr. NGUYEN DINH MINH – Chairman, in recent years, the
business result of the subject fair with the annual sale was nearly 20
billion VND but he refused to provide the financial statements to verify. In
opinion, caution is needed with all medium – large transactions. |
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.44.91 |
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UK Pound |
1 |
Rs.73.06 |
|
Euro |
1 |
Rs.64.03 |
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 |
|
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 |
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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.