MIRA INFORM REPORT

 

 

Report Date :

17.08.2012

 

IDENTIFICATION DETAILS

 

Name :

VIET A TRADING JOINT STOCK COMPANY

 

 

Registered Office :

No.4 Lane 4 Hao Nam Street, O Cho Dua Ward, Dong Da District, Ha Noi City,

 

 

Country :

Vietnam

 

 

Year of Establishment :

2006

 

 

Com. Reg. No.:

0102078654

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

The subject specializes in processing and exporting plywood.

 

 

No. of Employees :

10

 

 

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 :

Small 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

 

Current legal status

English Name

 

VIET A TRADING JOINT STOCK COMPANY

Vietnamese Name

 

CONG TY CO PHAN THUONG MAI VIET A

Type of Business

 

Joint stock company

Year Established

 

2006

Business Registration No.

 

0102078654

Date of Registration

 

07 Apr 2010

Place of Registration

 

Department of Planning and Investment of Ha Noi

Chartered capital

 

VND 3,800,000,000

Status

 

Unlisted

Tax code

 

0102078654

Total Employees

 

10

Size

 

Small

 

Historical Identification & Legal form

 

List

Changed Items

Date of changes

1

Subject has got former Business Registration No: 0103014773

Changed to: 0102078654

07 Apr 2010

 

ADDRESSES

 

Registration Address

Address

 

No.4 Lane 4 Hao Nam Street, O Cho Dua Ward, Dong Da District, Ha Noi City, Vietnam

 

Workshop Address

Address

 

Cau Duong Area - Duc Giang Commune , Long Bien District, Ha Noi City, Vietnam

 

Transaction office in Ha Noi

Address

 

Suite 415 - No. 671 Hoang Hoa Tham Street , Tay Ho District, Ha Noi City, Vietnam

Telephone

 

(84-4) 3732 5589

Fax

 

(84-4) 3776 5361

Email

 

copavieta@yahoo.com.vn

Website

 

vietawoods.com

 

 

DIRECTORS

 

1. NAME

 

Ms. NGUYEN THI LAN PHUONG

Position

 

Director

Date of Birth

 

14 Aug 1977

ID Number/Passport

 

012642650

ID Issue Date

 

06 Nov 2008

ID Issue Place

 

Hanoi Police Station

Resident

 

No. 4 - Alley 44 Hao Nam Street - O Cho Dua Ward, Dong Da District, Ha Noi City, Vietnam

Nationality

 

Vietnamese

 

 

BUSINESS NATURE AND ACTIVITIES

 

The subject specializes in processing and exporting plywood.

 

 

IMPORT & EXPORT ACTIVITIES

 

IMPORT:

·         Types of products

 

Equipments

 

EXPORT:

·         Types of products

 

Plywood

·         Market

 

Malaysia, Singapore

·         Ratio

 

100%

 

 

BANKERS

 

1. VIETNAM INTERNATIONAL COMMERCIAL JOINT STOCK BANK CAU GIAY BRANCH

Address

 

No.299 Cau Giay Street, Cau Giay District, Ha Noi City, Vietnam

Telephone

 

(84-4) 2 220 1606

Fax

 

(84-4) 2 220 1607

 

 

SHAREHOLDERS
 

1. NAME

 

Ms. NGUYEN THI LAN PHUONG

Position

 

Director

Date of Birth

 

14 Aug 1977

ID Number/Passport

 

012642650

Issued on

 

06 Nov 2008

Issued Place

 

Hanoi Police Station

Resident

 

No. 4 - Alley 44 Hao Nam Street - O Cho Dua Ward , Dong Da District, Ha Noi City, Vietnam

Nationality

 

Vietnamese

Value of shares

 

VND 1,800,000,000

Percentage

 

47.37%

 

2. NAME

 

Mr. NGUYEN HAI HONG

ID Number/Passport

 

013159705

Resident

 

No. 9 Yen Thai Street - Hang Gai Ward , Hoan Kiem District, Ha Noi City, Vietnam

Nationality

 

Vietnamese

Value of shares

 

VND 1,000,000,000

Percentage

 

26.32%

 

3. NAME

 

Mr. NGUYEN HUNG NGUYEN

ID Number/Passport

 

010096106

Resident

 

No. 9 Yen Thai - Hang Gai Ward , Hoan Kiem District, Ha Noi City, Vietnam

Nationality

 

Vietnamese

Value of shares

 

VND 1,000,000,000

Percentage

 

26.32%

 

 

FINANCIAL DATA

 

N/A

 

 

PAYMENT HISTORY & PERFORMANCE EXPERIENCES

 

Trade Morality

 

Normal

Liquidity

 

N/A

Payment status

 

N/A

Financial Situation

 

Below Average

Development trend

 

Developing

Litigation data

 

No Record

Bankruptcy

 

No Record

Payment Methods

 

TT, L/C

Sale Methods

 

To contracts

Public opinion

 

Normal

 

 

 

INTERPRETATION ON THE SCORES

 

VIET A TRADING JOINT STOCK COMPANY was established under the former business registration No. 0103014773 on 24th November 2006.Currently, the subject's registered capital is VND 3.8 billion is small equity capital in comparison with other companies in the field.

The subject only specializes in processing and exporting plywood. Its product is used for installing floor. 100% its products was exported to Malaysia and Singapore. It only imported equipments from China, Japan. All raw materials for processing were provided from domestic distributors.

Currently, the wood manufacturing industrial has developed popularly in Vietnam. Thus the supply on wood raw material in Vietnam is large. Major wood raw material supplying source is provided from domestic market However, the competition in material supplies distributions for this industry are fairly fierce because of big competitor firms. Additionally, the subject's industry is received humble incentive policies from the State.

Besides registration address at No.4 Lane 4 Hao Nam Street - O Cho Dua Ward - Dong Da District - Hanoi City, the subject has a transaction address at Suite 415 - No. 671 Hoang Hoa Tham Street - Tay Ho District - Hanoi City and a workshop at Cau Duong Area - Duc Giang Commune - Long Bien District - Hanoi City. Because of being small young company, the subject has simple facilities management structural. Currently, there are about 10 employees work for the subject.

In general, the subject is a small young company in the industry. With the current operating situation, the subject has capacity to meet very small financial commitment. Caution is needed for all business 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.