MIRA INFORM REPORT

 

 

Report Date :

17.08.2012

 

IDENTIFICATION DETAILS

 

Name :

PCF VIET NAM COMPANY LIMITED

 

 

Registered Office :

Xuan Duc Hamlet, Yen Thuong Commune, Gia Lam District, Ha Noi City

 

 

Country :

Vietnam

 

 

Date of Incorporation :

20.09.2011

 

 

Com. Reg. No.:

0105511435

 

 

Legal Form :

One member liability limited company

 

 

Line of Business :

The subject specializes in trading of rough timber and processed wood, exporting to overseas

 

 

No. of Employees :

5

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

--

NB

New Business

 

--

 

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 – 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

 

English Name

 

PCF VIET NAM COMPANY LIMITED

Vietnamese Name

 

CONG TY TNHH PCF VIET NAM

Short name

 

PCF VIET NAM CO., LTD

Type of Business

 

One member liability limited company

Year Established

 

2011

Business Registration No.

 

0105511435

Date of Registration

 

20 Sep 2011

Place of Registration

 

Hanoi City's Department of Business Registration

Chartered capital

 

VND 500,000,000

Status

 

Unlisted

Tax code

 

0105511435

Total Employees

 

5

Size

 

Small

 

 

ADDRESSES

 

Head Office

Address

 

Xuan Duc Hamlet, Yen Thuong Commune, Gia Lam District, Ha Noi City, Vietnam

Telephone

 

(84-4) 3876 5189

Fax

 

(84-4) 3872 9489

Email

 

xuatkhaupcf@gmail.com

Note: The subject’s correct address is as above. The given address “Yen Duc Yen Thuong Commune” is not correct.

 

 

DIRECTORS

 

1. NAME

 

Mr. HOANG ANH TUAN

Position

 

Director

Date of Birth

 

08 Jan 1984

ID Number/Passport

 

012416417

ID Issue Date

 

06 Mar 2007

ID Issue Place

 

Hanoi Police Station

Resident

 

Xuan Duc Hamlet Yen Thuong Commune, Gia Lam District, Ha Noi City, Vietnam

Current resident

 

Xuan Duc Hamlet Yen Thuong Commune, Gia Lam District, Ha Noi City, Vietnam

Nationality

 

Vietnamese

Tel/Mobile phone

 

+84 902808689

 

 

BUSINESS NATURE AND ACTIVITIES

 

The subject specializes in trading of rough timber and processed wood, exporting to overseas

 

 

IMPORT & EXPORT ACTIVITIES

 

IMPORT:

Note: Currently, the subject does not import

 

EXPORT:

·         Types of products

 

Processed wood

·         Market

 

EU countries

·         Mode of payment

 

TT, LC

 

 

BANKERS

 

1. VIETNAM TECHNOLOGICAL AND COMMERCIAL JOINT STOCK BANK YEN VIEN BRANCH

Address

 

No.172 Ha Huy Tap Street-Yen Vien Town, Gia Lam District, Ha Noi City, Vietnam

Telephone

 

(84-4) 3698 3362

Fax

 

(84-4) 36983361

 

 

SHAREHOLDERS
 

1. NAME

 

Mr. HOANG ANH TUAN

Position

 

Director

Date of Birth

 

08 Jan 1984

ID Number/Passport

 

012416417

Issued on

 

06 Mar 2007

Issued Place

 

Hanoi Police Station

Resident

 

Xuan Duc Hamlet Yen Thuong Commune, Gia Lam District, Ha Noi City, Vietnam

Current Resident

 

Xuan Duc Hamlet Yen Thuong Commune, Gia Lam District, Ha Noi City, Vietnam

Mobile phone

 

+84 902808689

Nationality

 

Vietnamese

Value of shares

 

VND 500,000,000

Percentage

 

100%

 

 

FINANCIAL DATA

 

N/A

The subject has been established for some months. Its financial data is not available

 

 

PAYMENT HISTORY & PERFORMANCE EXPERIENCES

 

Trade Morality

 

Fair

Liquidity

 

N/A

Payment status

 

N/A

Financial Situation

 

Weak - Below Average

Development trend

 

Developing

Litigation data

 

No Record

Bankruptcy

 

No Record

Payment Methods

 

TT/ LC

Sale Methods

 

To contracts

Public opinion

 

Limited

 

 

 

INTERPRETATION ON THE SCORES

 

PCF VIET NAM COMPANY LIMITED is a newly established one-member limited company in the industry. It is founded in sep 2011 under the business registration No.0105511435 issued by Hanoi City's Department of Business Registration. Currently it has limited resources of human (5 people) and chartered capital (VND 500,000,000).

The subject's address is at Xuan Duc Hamlet Yen Thuong Commune, Gia Lam District, Ha Noi City, Vietnam. The subject's main activities are buying woods from domestic market, processing then exporting to foreign countries. The subject only exports few times with small amount of processed wood.  It does not have direct import activities since being established. Mr. HOANG ANH TUAN is an active person, currently he is on his business trip to India and he will come back Vietnam at the end of this weekend.

In short, the subject is small, in beginning of operation. Premises and finance is limited, Please caution for any transactions.

 

 

 

------------ 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.55.99

UK Pound

1

Rs.87.55

Euro

1

Rs.68.68

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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.