MIRA INFORM REPORT

 

 

Report Date :

09.08.2012

 

IDENTIFICATION DETAILS

 

Name :

THANH LAM TRADING LIMITED

 

 

Registered Office :

No. 4/9 Luong Khanh Thien, Luong Khanh Thien Ward, Ngo Quyen District, Hai Phong City,

 

 

Country :

Viet Nam

 

 

Date of Incorporation :

18.12.2010

 

 

Com. Reg. No.:

0201131193

 

 

Legal Form :

Limited liability company

 

 

Line of Business :

Trading in construction materials (iron, steel, wood, bamboo, cement, stone, sand, etc)

 

 

No. of Employees :

3

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Moderate

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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

 

Registered English Name

 

THANH LAM TRADING LIMITED

Registered Vietnamese Name

 

CONG TY TNHH THUONG MAI THANH LAM

Registered Short name

 

THANH LAM TRACO

Type of Business

 

Limited liability company

Year Established

 

2010

Business Registration No.

 

0201131193

Date of Registration

 

18 Nov 2010

Place of Registration

 

Hai Phong Department of Planning and Development

Chartered capital

 

VND 2,500,000,000

Status

 

Unlisted

Tax code

 

0201131193

Total Employees

 

3 persons (Including general director and two staffs)

Size

 

Small

Note:  The exact name of the subject is above

 

ADDRESSES

 

Head Office

Address

 

No. 4/9 Luong Khanh Thien, Luong Khanh Thien Ward, Ngo Quyen District, Hai Phong City, Vietnam

Telephone

 

+84 983551858

Fax

 

(84-31) 3921391

Land-use Right

 

Owned

Note:  This is also private house address of Mr. Nguyen Van Vinh_the subject’s general director

 

 

 

DIRECTORS

 

1. NAME

 

Mr. NGUYEN VAN VINH

Position

 

General Director

Date of Birth

 

07 Apr 1964

ID Number/Passport

 

030676485

ID Issue Date

 

09 Nov 2010

ID Issue Place

 

Hai Phong Police Department

Resident

 

No. 4/9 Luong Khanh Thien, Luong Khanh Thien Ward, Ngo Quyen District, Hai Phong City, Vietnam

Nationality

 

Vietnamese

Tel/Mobile phone

 

+84 983551858

 

 

 

BUSINESS NATURE AND ACTIVITIES

 

The subject registers business in many fields such as:
- Trading in construction materials (iron, steel, wood, bamboo, cement, stone, sand, etc)
- Trading in machines and equipment in maritime industry
- Trading in foodstuff
- Trading in beverage
- Trading in household electric products
- Transport
- Trading in automobile and motorbike
- etc

 

 

IMPORT & EXPORT ACTIVITIES

 

IMPORT:

·         Market

 

N/A

 

EXPORT:

·         Market

 

N/A

 

 

 

BANKERS

 

N/A

.

 

SHAREHOLDERS
 

1. NAME

 

Mr. NGUYEN VAN VINH

Position

 

General Director

Date of Birth

 

07 Apr 1964

ID Number/Passport

 

030676485

Issued on

 

09 Nov 2010

Issued Place

 

Hai Phong Police Department

Resident

 

No. 4/9 Luong Khanh Thien, Luong Khanh Thien Ward, Ngo Quyen District, Hai Phong City, Vietnam

Mobile phone

 

+84 983551858

Nationality

 

Vietnamese

Value of shares

 

VND 2,000,000,000

Percentage

 

80%

 

2. NAME

 

Ms. NGUYEN THI LAN ANH

ID Number/Passport

 

030791774

Resident

 

No. 6/9 Luong Khanh Thien, Luong Khanh Thien Ward, Ngo Quyen District, Hai Phong City, Vietnam

Home phone

 

(84-31) 3739171

Nationality

 

Vietnamese

Value of shares

 

VND 250,000,000

Percentage

 

10%

 

3. NAME

 

Mr. HA VAN BINH

ID Number/Passport

 

030848937

Resident

 

No. 5/9 Luong Khanh Thien, Luong Khanh Thien Ward, Ngo Quyen District, Hai Phong City, Vietnam

Nationality

 

Vietnamese

Value of shares

 

VND 250,000,000

Percentage

 

10%

 

 

 

FINANCIAL DATA

 

N/A

 

 

PAYMENT HISTORY & PERFORMANCE EXPERIENCES

 

Trade Morality

 

Normal

Liquidity

 

N/A

Payment status

 

N/A

Financial Situation

 

N/A

Development trend

 

N/A

Litigation data

 

No Record

Bankruptcy

 

No Record

Payment Methods

 

N/A

Sale Methods

 

Other

 

 

 

INTERPRETATION

 

The subject was established at the end of 2010 under the business registration No. 0201131193, same to the tax code. It was contributed capital by Mr. Nguyen Dang Vinh_the subject's general director and two his neighbors.

The subject registers business in many fields such as:

- Trading in construction materials (iron, steel, wood, bamboo, cement, stone, sand, etc)

- Trading in machines and equipment in maritime industry

- Trading in foodstuff

- Trading in beverage

- Trading in household electric products

- Transport

- Trading in automobile and motorbike

- Etc.

However, according to Mr. Nguyen Dang Vinh, the subject only trades under form of temporary import and re-export and it has 2 staffs. Besides, he does not reveal any information about the subject.

The subject's head office is located at private house of Mr. Vinh. Its business activity seems not busy. No information about the subject on media source was found. In general, caution is needed for all transactions with the subject now.

 

 

 

APPENDIX

 

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)

2011

2010

Agriculture, Forestry and Fishing

4.00

2.78

8,749

23,896.3

81,559

Industry and Construction

5.53

7.70

85,115

10,630

2,751,975

Trade and Services

6.69

7.52

154,978

14,522

4,939,069

 

ECONOMIC INDICATORS

 

 

2011 

2010 

2009 

Population (Million person)

87.84

86.93

86.02

Gross Domestic Products (USD billion)

119

102.2

91

GDP Growth (%)

5.89

6.78

5.32

GDP Per Capita (USD/person/year)

1,300

1,160

1,080

Inflation (% Change in Composite CPI)

18.58

11.75

6.88

State Budget Deficit compared with GDP (%)

4.9

5.8

6.9

 

SERVICE TRADE PERFORMANCE

 

Billion USD 

2011 

2010 

2009 

Exports

96.3

72.2

57.1

Imports

105.8

84.8

69.9

Trade Balance

-9.5

-12.6

-12.8

Source: General Statistics Office

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.14

UK Pound

1

Rs.86.00

Euro

1

Rs.68.31

 

 

INFORMATION DETAILS

 

Report Prepared by :

PDT

 

 

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%)

 

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.