MIRA INFORM REPORT
|
Report Date : |
30.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
THANH YEN JOINT STOCK COMPANY |
|
|
|
|
Registered Office : |
600 Dien Bien Phu Street - Ward 22, Binh Thanh District, Ho Chi Minh City |
|
|
|
|
Country : |
Vietnam |
|
|
|
|
Year of Establishment : |
2005 |
|
|
|
|
Com. Reg. No.: |
0303791583 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Real estate activities with own or leased property |
|
|
|
|
No. of Employees
: |
40 Persons |
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 : |
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
|
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
Current legal status
|
||
|
Registered English Name |
|
THANH YEN JOINT STOCK COMPANY |
|
Registered Vietnamese Name |
|
CONG TY CO PHAN THANH YEN |
|
Trade name |
|
THANH YEN JOINT STOCK COMPANY |
|
Registered Short name |
|
THANH YEN JSC |
|
Type of Business |
|
Joint stock company |
|
Year Established |
|
2005 |
|
Business Registration No. |
|
0303791583 |
|
Date of Registration |
|
16 Sep 2010 |
|
Place of Registration |
|
Business Registration Office of Ho Chi
Minh City |
|
Current registered capital |
|
228,431,000,000 VND |
|
Tax code |
|
0303791583 |
|
Total Employees |
|
40 |
Historical
Identification & Legal form
|
List |
Changed Items |
Date of changes |
|
|
Subject has got former Business
Registration No: 4102029634 issued on 25 April 2005 Changed to: 0303791583 |
16 Sep
2010 |
company ADDRESSES
|
Head Office |
||
|
Address |
|
600 Dien Bien Phu Street - Ward 22, Binh
Thanh District, Ho Chi Minh City, Vietnam |
|
Telephone |
|
(84-8) 3899 9988 - 3512 8718 |
|
Fax |
|
(84-8) 3899 0066 |
|
|
||
|
Representative office
in Ho Chi Minh |
||
|
Address |
|
40/6 Xuan Thuy, Thao Dien Ward, District
2, Ho Chi Minh City, Vietnam |
DIRECTORS
|
1.
NAME |
|
Mr.
LE DINH TRI |
|
Position |
|
General Director |
|
Date of Birth |
|
27 Nov 1975 |
|
ID Number/Passport |
|
024208806 |
|
ID Issue Date |
|
28 Apr 2004 |
|
ID Issue Place |
|
Police Station Of Ho
Chi Minh City |
|
Resident |
|
101 Cao Thang Street
- Ward 3, District 3, Ho Chi Minh City, Vietnam |
|
Nationality |
|
Vietnamese |
|
Email |
|
|
|
|
||
|
2.
NAME |
|
Mr.
VO MINH HONG |
|
Position |
|
Deputy General Director |
|
Resident |
|
Ho Chi Minh City,
Vietnam |
|
Nationality |
|
Vietnamese |
|
Nationality |
|
|
|
|
||
|
3.
NAME |
|
Mr.
LUU QUOC DUNG |
|
Position |
|
Chief Accountant |
|
Resident |
|
Ho Chi Minh City,
Vietnam |
|
Nationality |
|
Vietnamese |
|
Email |
|
|
BUSINESS NATURE AND ACTIVITIES
|
The subject specializes
design activities: Ø
Real estate activities with own or leased property Ø
Construction of roads and
railways Ø
Site preparation Ø
Manufacture of clay
building materials Ø
Freight transport by road Ø
Wholesale of construction
materials, installation supplies Ø
Manufacture of wearing
apparel, except fur apparel Ø
Real estate agent,
consultant activities Ø
Renting and leasing of
motor vehicles Ø
Renting and leasing of
other machinery, equipment and tangible goods |
IMPORT & EXPORT ACTIVITIES
|
IMPORT: |
||
|
·
Types of products |
|
Stone, machinery |
|
·
Market |
|
India, China |
|
|
||
|
EXPORT: Currently, the subject
does not export |
||
BANKERS
|
1.
NORTH ASIA COMMERCIAL JOINT STOCK BANK |
||
|
Address |
|
No. 47 Tran Hung Dao Street, Hoan Kiem District, Ha Noi City, Vietnam |
|
Telephone |
|
(84-4) 3933 1846 |
|
Fax |
|
(84-4) 3933 1845 |
|
|
||
|
2.
VIET NAM BANK FOR AGRICULTURE AND RURAL DEVELOPMENT HO CHI MINH CITY BRANCH |
||
|
Address |
|
No.2A Pho Duc Chinh Street, District 1, Ho Chi Minh City, Vietnam |
|
Telephone |
|
(84-8) 3822 2752 |
|
Fax |
|
(84-8) 3829 4063 |
|
|
||
|
3.
BANK FOR INVESTMENT AND DEVELOPMENT OF VIETNAM |
||
|
Address |
|
No. 117 Nguyen Hue Street, Ben Nghe Ward, District 1, Ho Chi Minh
City, Vietnam |
|
Telephone |
|
(84-8) 3914 1729 – 3821 4924 |
|
Fax |
|
(84-8) 3914 1979 |
|
|
||
|
4.
JOINT STOCK BANK FOR FOREIGN TRADE OF VIETNAM HO CHI MINH BRANCH |
||
|
Address |
|
No. 29 Ben Chuong Duong Str-Nguyen Thai Binh Ward, District 1, Ho Chi
Minh City, Vietnam |
|
Telephone |
|
(84-8) 3825 1317 |
|
Fax |
|
(84-8) 3829 7228 |
SHAREHOLDERS
|
1.
NAME |
|
Mr.
LE DINH TRI |
|
Position |
|
General Director |
|
Date of Birth |
|
27 Nov 1975 |
|
ID Number/Passport |
|
024208806 |
|
Issued on |
|
28 Apr 2004 |
|
Issued Place |
|
Police Station Of Ho Chi Minh City |
|
Resident |
|
101 Cao Thang Street - Ward 3, District 3,
Ho Chi Minh City, Vietnam |
|
Email |
|
|
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
20,559,000,000 VND |
|
Percentage |
|
9% |
|
|
||
|
2.
NAME |
|
Mr.
LE ANH TUAN |
|
ID Number/Passport |
|
211447152 |
|
Resident |
|
No. 230 No. 1 Highway, Dap Da Ward, An
Nhon District, Binh Dinh Province, Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
207,672,000,000 VND |
|
Percentage |
|
90.91% |
|
|
||
|
3.
NAME |
|
Ms.
NGUYEN THI HOANG YEN |
|
ID Number/Passport |
|
211822317 |
|
Resident |
|
Hoai Hao Commune, Hoai Nhon District, Binh
Dinh Province, Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
200,000,000 VND |
|
Percentage |
|
0.09% |
FINANCIAL DATA
Not available!
PAYMENT HISTORY & PERFORMANCE
EXPERIENCES
|
Trade Morality |
|
Fair |
|
Liquidity |
|
N/A |
|
Payment status |
|
N/A |
|
Financial Situation |
|
N/A |
|
Development trend |
|
Positive |
|
Litigation data |
|
No Record |
|
Bankruptcy |
|
No Record |
|
Payment Methods |
|
Direct payment or through its corresponding bank ( LC, T/T, D/A) |
|
Sale Methods |
|
Other |
|
CREDIT INQUIRY: 125,000 USD Against DA in terms. |
|
Caution needed |
INTERPRETATION ON THE SCORES
|
The
subject - THANH YEN JSC - was established in 2005. During operation, the
subject has changed its business registration many times, the latest time was
on 29 Sep 2011. Originally, the subject was a limited liability company. The
subject has converted into joint stock company in 2010. Now it is operating
under the Business Registration No. 0303791583 (the same with tax code)
issued by Business Registration Office of Hochiminh City. It registered
capital is VND 228,431,000,000. The
subject is a member of Thanh Yen Group. It was established for the strategic
purpose of extension of market share and business diversification of this
group. Subject’s initial mainly focus is construction field in combination
between equipment management and trading building material for the Thanh Yen
Group. Besides the subject, Thanh Yen Group has many other members which are
trading in the same field and related field with the subject. Thanh Yen
Building, Thanh Da View Building, Nha Trang Center, Nhut Chanh Industrial
Park, Ninh Thuy Industrial Park… are some projects of this group in recent
times. Premises
and facilities of the subject are relative. Together with its group, the
subject is now carries out many projects throughout Vietnam. Its business
activities seem busy now. The management capacity is quite good. The board of
director has many experience and good relationship with partners and
customer. In
overview, the subject is operating at the medium-scale with about 40 staffs.
The subject receives support from this group in operation. It is on the way
of develop. In our opinion, the subject has capacity to meet normal business
transaction. |
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.51.93 |
|
UK Pound |
1 |
Rs.80.62 |
|
Euro |
1 |
Rs.69.37 |
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.