MIRA INFORM REPORT

 

 

 

 

Report Date :

20.04.2012

 

IDENTIFICATION DETAILS

 

Name :

BRANCH OF VICTORY JOINT STOCK COMPANY

 

 

Registered Office :

Rm.1410, The Garden Bld., Me Tri Road Me Tri Commune - Tu Liem District - Ha Noi City - Vietnam

 

 

Country :

Viet Nam

 

 

Date of Incorporation :

29.11.2010

 

 

Com. Reg. No.:

5300349217

 

 

Legal Form :

Joint stock company

 

 

Line of Business :

Importer and Export of Chemicals

 

 

No. of Employees :

05

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

----

NB

New Company

----

 

Status :

New Company

 

 

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 – June 30, 2010

 

Country Name

Previous Rating

                   (01.04.2010)                  

Current Rating

(30.06.2010)

Viet Nam

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

 

BRANCH OF VICTORY JOINT STOCK COMPANY

Vietnamese Name

 

CHI NHANH CONG TY CO PHAN VICTORY

Type of Business

 

Joint stock company

Year Established

 

2010

Business Registration No.

 

5300349217-001

Date of Registration

 

29 Nov 2010

Place of Registration

 

Planning and Investment Department of Ha Noi City

Registered Capital

 

N/A

Tax code

 

5300349217-001

Total Employees

 

5

 

 

 

ADDRESSES

 

Head Office

Address

 

Rm.1410, The Garden Bld., Me Tri Road Me Tri Commune - Tu Liem District - Ha Noi City - Vietnam

Telephone

 

(84-4) 3787 7680/81/82

Fax

 

(84-4) 3787 7494

 

 

 

SUBSIDIARIES AND RELATED COMPANIES

 

 

1. PARENT COMPANY - VICTORY JOINT STOCK COMPANY

Business Registration

 

5300349217

Date of Registration

 

20 Jan 2010

Place of Registration

 

Lao Cai Department of Planning and Investment

Registered Capital

 

4,800,000,000 VND

Tax code

 

5300349217

Address

 

No. 075, Tue Tinh Str Kim Tan Ward - Lao Cai District - Lao Cai Province - Vietnam

Tel

 

+84-20-386 689

Fax

 

+84-20-386 689

 

 

 

DIRECTORS

 

 

1 . NAME

 

Mr. TA NAM HUNG

Position

 

Branch Director

ID Number/Passport

 

011637031

Resident

 

No.12/189, Khuong Thuong - Khuong Thuong Ward - Dong Da District - Ha Noi City - Vietnam

Nationality

 

Vietnamese

Tel/Mobil phone

 

++84 913230888

Qualification

 

Management

 

2 . NAME

 

Mr. PHAN VAN HAI

Position

 

Branch Deputy Director

Resident

 

Ha Noi City - Vietnam

Tel/Mobil phone

 

+84 982 807 568/ 977 859 675

Email

 

phanhaivh@gmail.com 

 

 

 

 

BUSINESS NATURE AND ACTIVITIES

 

 

- Trading chemicals
- Exporting yellow phosphorus

 

 

 

 

IMPORT & EXPORT ACTIVITIES

 

 

IMPORT:

·         Types of products

 

Chemicals

·         Market

 

China

·         Ratio

 

T/T, L/C

 

EXPORT:

·         Types of products

 

Yellow phosphorus

·         Market

 

Japan, India, Italy

·         Mode of payment

 

T/T, L/C

 

 

 

BANKERS

 

 

1. VIETNAM TECHNOLOGICAL AND COMMERCIAL JOINT STOCK BANK

Address

 

No.70-72 Ba Trieu - Hoan Kiem District - Ha Noi City - Vietnam

Telephone

 

(84-4) 3944 6368

Fax

 

(84-4) 3944 6362

 

 

 

SHAREHOLDERS

 

 

1 . NAME

 

VICTORY JOINT STOCK COMPANY

Business Registration

 

5300349217

Date of Registration

 

20 Jan 2010

Place of Registration

 

Lao Cai Department of Planning and Investment

Registered Capital

 

4,800,000,000 VND

Tax code

 

5300349217

Address

 

No. 075, Tue Tinh Str Kim Tan Ward - Lao Cai District - Lao Cai Province - Vietnam

Tel

 

+84-20-386 689

Fax

 

+84-20-386 689

Percentage

 

100%

 

 

 

FINANCIAL DATA

 

The subject parent company has just been found so its financial statements have not been available

 

 

 

PAYMENT HISTORY & PERFORMANCE EXPERIENCES

 

 

Trade Morality

 

Fair

Liquidity

 

N/A

Payment status

 

N/A

Financial Situation

 

Average

Development trend

 

Positive

Litigation data

 

No Record

Bankruptcy

 

No Record

Payment Methods

 

T/T, L/C

Sale Methods

 

Wholesaler

 

 

 

CREDIT RECOMMENDATIONS

 

 

The subject is a branch which has been found with not much information so we do not give out detail score.

 

 

 

INTERPRETATION ON THE SCORES

 

 

Founded in 2010, BRANCH OF VICTORY JOINT STOCK COMPANY was granted the Business Registration No. 5300349217-001 dated 29 November 2010 by Planning and Investment Department of Ha Noi City. The Tax Code is 5300349217-001.  The labor strength is 5 persons.

Registered at Rm.1410, The Garden Bld., Me Tri Road, Me Tri Commune - Tu Liem District - Ha Noi City - Vietnam, the subject is principally engaged in trading chemicals and exporting yellow phosphorus to Japan, India, Italy.

According to Mr. Phan Van Hai, Branch Deputy Director; China is the major import market. In 2010, the parent company imported a big amount of chemicals; hence the amount would be limited in 2011. In 2010, the subject conducted an export deal worth USD 1,309,504 and reached export revenues of USD 15 million. The branch is specialized in export activities; while the parent company focuses on import activities.

In general, the subject can afford small business transactions.

 

 

 

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.51.99

UK Pound

1

Rs.83.54

Euro

1

Rs.63.40

 

 

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 Company

----

 

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.