MIRA INFORM REPORT
|
Report Date : |
16.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
A&Q GENERAL TRADING COMPANY LIMITED |
|
|
|
|
Registered Office : |
No. 66, Ngan Son Street, Group 5, Vinh Trai Ward , Lang Son City, Lang Son Province |
|
|
|
|
Country : |
Vietnam |
|
|
|
|
Date of Incorporation : |
26.04.2010 |
|
|
|
|
Com. Reg. No.: |
4900528181 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
The subject trades in frozen food, dried food, cereal, agricultural products such as fruits and vegetables |
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 : |
No Complaints |
|
|
|
|
Litigation : |
---- |
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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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
|
Registered English Name |
|
A&Q GENERAL TRADING COMPANY LIMITED |
|
Registered Vietnamese Name |
|
CONG TY TNHH KINH DOANH THUONG MAI TONG
HOP A&Q |
|
Registered Short name |
|
A&Q GT CO.,LTD |
|
Type of Business |
|
Limited liability company |
|
Year Established |
|
26/04/2010 |
|
Business Registration No. |
|
4900528181 |
|
Date of Registration |
|
26 Apr 2010 |
|
Place of Registration |
|
Lang Son Planning and Investment Authority
|
|
Current registered capital |
|
3,000,000,000 VND |
|
Status |
|
Unlisted |
|
Tax code |
|
4900528181 |
|
Total Employees |
|
10 |
|
Size |
|
Small |
company ADDRESSES
|
Head Office |
||
|
Address |
|
No. 66, Ngan Son street, Group 5, Vinh
Trai ward , Lang Son City, Lang Son Province, Vietnam |
|
Telephone |
|
(84-25) 3870381 |
DIRECTORS
|
1.
NAME |
|
Mr.
NGUYEN ANH QUAN |
|
Position |
|
Director |
|
Date of Birth |
|
21 May 1959 |
|
ID Number/Passport |
|
080680375 |
|
ID Issue Date |
|
04 Mar 1999 |
|
ID Issue Place |
|
Police Station of
Lang Son |
|
Resident |
|
No. 66, Ngan Son
Street, Group 5, Vinh Trai ward , Lang Son City, Lang Son Province, Vietnam |
|
Nationality |
|
Vietnam |
|
Tel/Mobil phone |
|
(84-25) 3870381 |
|
|
||
|
2.
NAME |
|
Mr.
NGUYEN DUY HUNG |
|
Position |
|
Deputy Director |
|
ID Number/Passport |
|
081037682 |
|
Resident |
|
Cement factory
Collective, Mai Pha Commune , Lang Son City, Lang Son Province, Vietnam |
|
Nationality |
|
Vietnam |
|
Tel/Mobil phone |
|
+84 984422888 |
BUSINESS NATURE AND ACTIVITIES
The subject trades in frozen food, dried food,
cereal, agricultural products such as fruits and vegetables
IMPORT & EXPORT ACTIVITIES
|
IMPORT: |
||
|
·
Types of products |
|
Agricultural products, frozen food, fruits |
|
·
Market |
|
China, India, Norway |
|
·
Mode of payment |
|
T/T, L/C |
|
|
||
|
EXPORT: |
||
|
·
Types of products |
|
Fruits, onion, garlic |
|
·
Market |
|
Cambodia, Laos |
BANKERS
|
1.
VIETNAM TECHNOLOGICAL AND COMMERCIAL JOINT STOCK BANK LANG SON BRANCH |
||
|
Address |
|
No.54 Tran Dang Ninh, Hoang Van Thu ward, Lang Son City, Lang Son
Province, Vietnam |
|
Telephone |
|
(84-25) 3713968 |
|
Fax |
|
(84-25) 3713966 |
SHAREHOLDERS
|
1.
NAME |
|
Mr.
NGUYEN ANH QUAN |
|
Position |
|
Director |
|
Date of Birth |
|
21 May 1959 |
|
ID Number/Passport |
|
080680375 |
|
Issued on |
|
04 Mar 1999 |
|
Issued Place |
|
Police Station of Lang Son |
|
Resident |
|
No. 66, Ngan Son Street, Group 5, Vinh
Trai ward , Lang Son City, Lang Son Province, Vietnam |
|
Home phone |
|
(84-25) 3870381 |
|
Nationality |
|
Vietnam |
|
Value of shares |
|
2,700,000,000 VND |
|
Percentage |
|
90% |
|
|
||
|
2.
NAME |
|
Mr.
NGUYEN DUY HUNG |
|
Position |
|
Deputy Director |
|
ID Number/Passport |
|
081037682 |
|
Resident |
|
Cement factory Collective, Mai Pha Commune
, Lang Son City, Lang Son Province, Vietnam |
|
Mobile phone |
|
+84 984422888 |
|
Nationality |
|
Vietnam |
|
Value of shares |
|
300,000,000 VND |
|
Percentage |
|
10% |
FINANCIAL DATA
N/A
PAYMENT HISTORY & PERFORMANCE
EXPERIENCES
|
Trade Morality |
|
Good |
|
Liquidity |
|
N/A |
|
Payment status |
|
N/A |
|
Financial Situation |
|
Below Average |
|
Development trend |
|
N/A |
|
Litigation data |
|
No Record |
|
Bankruptcy |
|
No Record |
|
Payment Methods |
|
Through its bank, T/T, L/C |
|
Sale Methods |
|
Retailer and Wholesaler |
|
Public opinion |
|
Normal |
INTERPRETATION ON THE SCORES
|
A&Q
GENERAL TRADING COMPANY LIMITED (A&Q GT CO.,LTD) is a limited liability
company, which was found in April 2010 under business registration number and
tax code 4900528181 granted by Lang Son Planning and Investment Authority.
The subject registered to operate with VND 3 billion. It is under management
of Mr. NGUYEN ANH QUAN, who is also a major shareholder of the subject. The
subject is operating with about 10 employees. Head
office as well as registration address locates at No. 66, Ngan Son street,
Group 5, Vinh Trai ward, Lang Son city. This is also private house of Mr.
Nguyen Anh Quan. Staffs of the subject seldomly work at head office due to
requirements of their jobs. They must be presented at Huu Nghi border gate
and Tan Thanh border gate, to tackle documentation, custom clearance, and
check freight, rearrange transportation for imported and exported goods. The
subject trades in agricultural, aquaculture products, frozen food, fruits,
vegetables, etc. These products are imported from China, India, Norway,
whichever origins; imported and exported goods are cleared at Huu Nghi and
Tan Thanh border gate. The subject sometimes exports onions, garlic and
several types of fruits such as oranges, mandarins to Laos and Cambodia.
According to deputy director of the subject, maximum value of imported goods
ranges around USD 100,000, and it was seldomly granted credit by suppliers. The
employees are not at office and they are busy with imported goods' clearance
these days, therefore, financial data is not yet available. It was shared by
accountant of the subject that total revenue in 2010 was several tens of
billion VND, however, profit after tax was minimal. It was the first year of
operation and it mainly imported goods, not much exported activities
happened. The subject has not synthesized total revenue and profit since the
beginning of the year. In
general, the subject is operating normally. It has just gone into operation
for more than a year. Located near two big border gates of Vietnam in Lang
Son province, the subject has advantages in doing import-export activities.
It can afford small commitments. |
APPENDIXES
|
INDUSTRY DATA |
||||||
|
|
||||||
|
Industry code |
Growth speed by
price compared with 1994 (%) |
Total
enterprises 2009 |
Total employees
2010 (Thous.pers.) |
Annual average
capital of enterprises 2009 (billion dongs) |
||
|
2010 |
2009 |
|||||
|
Agriculture,
Forestry and Fishing |
2.78 |
1.82 |
8,749 |
23,896.3 |
81,559 |
|
|
Industry and
Construction |
7.70 |
5.52 |
85,115 |
10,630 |
2,751,975 |
|
|
Trade and
Services |
7.52 |
6.63 |
154,978 |
14,522 |
4,939,069 |
|
|
|
||||||
|
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 |
72.2 |
57.1 |
62.7 |
|||
|
Imports |
84.8 |
69.9 |
80.7 |
|||
|
Trade Balance |
-12.6 |
-12.8 |
-18 |
|||
Source: General
Statistics Office
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.56 |
|
UK Pound |
1 |
Rs.80.30 |
|
Euro |
1 |
Rs.68.79 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.