MIRA INFORM REPORT
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Report Date : |
29.11.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
HOANG MINH
COMMERCIAL AND IMPORT EXPORT JOINT STOCK COMPANY |
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Registered Office : |
No.10/17B, Hoang Van Thu Ward, Hoang Mai District, Ha Noi City |
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Country : |
Vietnam |
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Date of Incorporation : |
24.09.2009 |
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Com. Reg. No.: |
0104178710 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
trading and export
of fruits, agricultural and forestry products, etc |
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No. of Employees
: |
Not Available |
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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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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English Name |
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HOANG MINH COMMERCIAL AND IMPORT EXPORT
JOINT STOCK COMPANY |
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Vietnamese Name |
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CONG TY CO PHAN THUONG MAI VA XUAT NHAP
KHAU HOANG MINH |
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Short name |
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HOANG MINH IE.,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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2009 |
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Business Registration No. |
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0104178710 |
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Date of Registration |
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24 Sep 2009 |
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Place of Registration |
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Hanoi Department of Planning and
Investment |
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Current registered capital |
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VND 3,000,000,000 |
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Status |
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Unlisted |
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Tax code |
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0104178710 |
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Total Employees |
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N/A |
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Size |
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Small |
company ADDRESSES
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Head Office |
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Address |
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No.10/17B, Hoang Van Thu Ward, Hoang Mai
District, Ha Noi City, Vietnam |
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Telephone |
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(84-4) 36246447 |
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Fax |
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(84-33) 3884345 |
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Email |
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Land-use Right |
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Owned |
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Notes: -
The exact
address of the subject is as above (Hoang Van Thu Ward not Hoang Van Thu Street) -
Fax number is
used in director’s private house in Mong Cai city,Quang Ninh province. It is
also being used in the registration certificate of the subject. |
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DIRECTORS
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1.
NAME |
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Ms.
DINH THI MAI |
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Position |
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Director |
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Date of Birth |
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20 Apr 1979 |
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ID Number/Passport |
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100662343 |
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ID Issue Date |
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02 May 2003 |
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ID Issue Place |
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Police of Quang Ninh
Provice |
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Resident |
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N.o 11 Ly Tu Trong Str,
Hoa Lac Ward, Mong Cai District, Quang Ninh Province, Vietnam |
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Nationality |
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Vietnamese |
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Mobil phone |
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+84 904031599 |
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Fax |
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(84-33) 3884345 |
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Email |
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BUSINESS NATURE AND ACTIVITIES
The subject is specialized in trading and
export of fruits, agricultural and forestry products, etc
IMPORT & EXPORT ACTIVITIES
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IMPORT: N/A |
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EXPORT: |
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·
Types of products |
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Fruits, agricultural and forestry products, etc. |
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Market |
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China and other countries |
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·
Mode of payment |
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LC, T/T |
BANKERS
N/A
SHAREHOLDERS
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1.
NAME |
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Ms.
DINH THI HOA |
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ID Number/Passport |
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B3135052 |
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Resident |
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No.10/17B Hoang Van Thu Ward, Hoang Mai
District, Ha Noi City, Vietnam |
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Nationality |
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Vietnamese |
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Number of Shares |
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2,000 |
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Value of shares |
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VND 200,000,000 |
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Percentage |
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6.67% |
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Note: Ms. DINH THI HOA is the director’s sister. The
address: No.10/17B Hoang Van Thu Ward, Hoang Mai District, Ha Noi City,
Vietnam is the living place of their father and other family members except
Ms. DINH THI MAI. |
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2.
NAME |
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Ms.
LE THIET NGUU |
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ID Number/Passport |
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100646687 |
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Resident |
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No.11 Ly Thu Trong Str, Hoa Lac Ward, Mong
Cai District, Quang Ninh Province, Vietnam |
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Nationality |
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Vietnamese |
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Number of Shares |
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8,000 |
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Value of shares |
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VND 800,000,000 |
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Percentage |
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26.67% |
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3.
NAME |
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Ms.
DINH THI MAI |
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Position |
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Director |
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Date of Birth |
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20 Apr 1979 |
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ID Number/Passport |
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100662343 |
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Issued on |
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02 May 2003 |
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Issued Place |
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Police of Quang Ninh Provice |
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Resident |
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No. 11 Ly Tu Trong Str, Hoa Lac Ward, Mong
Cai District, Quang Ninh Province, Vietnam |
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Email |
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sachoamai@yahoo.com.vn |
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Home phone |
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(84-4) 36246447 |
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Mobile phone |
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+84 904031599 |
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Nationality |
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Vietnamese |
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Number of Shares |
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20,000 |
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Value of shares |
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VND 2,000,000,000 |
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Percentage |
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66.67% |
FINANCIAL DATA
N/A
PAYMENT HISTORY & PERFORMANCE EXPERIENCES
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Trade Morality |
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Fair |
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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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Developing |
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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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T/T, LC |
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Sale Methods |
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Retailer and Wholesaler |
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CREDIT INQUIRY: 125,000 USD |
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CAUTION! |
INTERPRETATION ON THE SCORES
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The
subject was founded in 2009 under the registration number 0104178710 of by
Hanoi Department of Planning and Investment. It is a Joint stock company with
the registered capital of VND 3,000,000,000. The
registered office of the subject is at No.10/17B Hoang Van Thu Ward, Hoang
Mai District, Ha Noi City, Vietnam. However, there are no business activities
on this site. This address which is in a narrow corner of the street and very
hard to find, is the residence of director's father and her relatives. All
business activities of the subject are taken place in Mong cai City, Quang
Ninh Province where the subject's director is living. As
registration, the subject operates in many fields: Logistics (goods
transportation, loading, warehousing, car rent..), trading (oil and petro
materials, minerals, car and car parts, paper manufacture and paper products)
and import & export of agricultural and forestry products...However, in
the interview with the subject director's relatives, we know that the current
subject's main business is import and export activities. The
subject is specialized in trading and export of fruits, agricultural and
forestry products, etc . Its products
export to China and others countries. The
business of the subject seems good when its director is busy all the time.
When we contact, she is on her overseas work for a month. However, because of
that, we could not contact with her to collect financial data. In general,
base on collected information, We rank level B. The subject is on its
progress of development and the stability is expected to be impaired by
adverse changes in circumstances and economic conditions. With its financing
ability, it can meet the small payment commitments. However, caution is still
needed for medium and large transactions. |
APPENDIXES
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INDUSTRY DATA |
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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) |
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2010 |
2009 |
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Agriculture,
Forestry and Fishing |
2.78 |
1.82 |
8,749 |
23,896.3 |
81,559 |
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Industry and
Construction |
7.70 |
5.52 |
85,115 |
10,630 |
2,751,975 |
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Trade and
Services |
7.52 |
6.63 |
154,978 |
14,522 |
4,939,069 |
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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 |
72.2 |
57.1 |
62.7 |
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Imports |
84.8 |
69.9 |
80.7 |
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Trade Balance |
-12.6 |
-12.8 |
-18 |
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Source: General
Statistics Office
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.51.98 |
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UK Pound |
1 |
Rs.80.59 |
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Euro |
1 |
Rs.69.12 |
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.