MIRA INFORM REPORT

 

 

Report Date :           

07.02.2012

 

IDENTIFICATION DETAILS

 

Correct Name :

KIOSQUE NO. C4 - DONG KHANH MALL

 

 

Registered Office :

Kiosque No. C4, Floor 1st, Dong Khanh Mall, 549 Tran Hung Dao Street, Ward 14, District 5, Hochiminh City

 

 

Country :

Vietnam

 

 

Year of Establishment :

1998

 

 

Legal Form :

Individual house-hold business

 

 

Line of Business :

subject specializes in trading fabric

 

 

No. of Employees :

02

 

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 :

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 – 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

 

Note: According to the contact information given, we know that Mr. Tai Quach has a kiosque trading fabric at the given address. So following is the information about his kiosque

Translation English Name

 

KIOSQUE NO. C4 - DONG KHANH MALL

Vietnamese Name

 

QUAY VAI SO C4 - THUONG XA DONG KHANH

Type of Business

 

Individual house-hold business

Year Established

 

1998

Total Employees

 

2

Note: The given name “TAI QUACH” is the name of a man who trading fabric at this kiosque No.C4.

 

 

 

company ADDRESSES

 

Head Office

Address

 

Kiosque No. C4, Floor 1st, Dong Khanh Mall, 549 Tran Hung Dao Street, Ward 14, District 5, Hochiminh City, Vietnam.

Telephone

 

(84-8) 3952 4357

 

 

 

DIRECTORS

 

1. NAME

 

Ms. TRAN THI XUAN HOA

Position

 

Legal Representative

Resident

 

Hochiminh City, Vietnam

Nationality

 

Vietnamese

 

2. NAME

 

Ms. BAU

Position

 

Owner

Resident

 

Hochiminh City, Vietnam

Nationality

 

Vietnamese

 

3. NAME

 

Mr. TAI QUACH

Position

 

Owner

Resident

 

Hochiminh City, Vietnam

Cell phone

 

+84 987 113 918

Nationality

 

Vietnamese

 

 

BUSINESS NATURE AND ACTIVITIES

 

The subject specializes in trading fabric.

 

 

 

IMPORT & EXPORT ACTIVITIES

 

IMPORT: N/A

 

EXPORT: N/A

 

 

 

BANKERS

 

N/A

 

 

 

SHAREHOLDERS

 

 NAME

 

Ms. TRAN THI XUAN HOA

Position

 

Legal Representative

Resident

 

Hochiminh City, Vietnam

Nationality

 

Vietnamese

 

 

 

FINANCIAL DATA

 

Not available!

 

PAYMENT HISTORY & PERFORMANCE EXPERIENCES

 

Trade Morality

 

Normal

Liquidity

 

N/A

Payment status

 

N/A

Financial Situation

 

N/A

Development trend

 

Even

Litigation data

 

No Record

Bankruptcy

 

No Record

Payment Methods

 

Direct payment or through its corresponding bank

Sale Methods

 

Retail and Wholesale

 

 

 

 

INTERPRETATION

 

KIOSQUE NO. C4 located at Floor 1st, Dong Khanh Mall, 549 Tran Hung Dao Street, Ward 14, District 5, Hochiminh City, Vietnam - a famous mall which specializes in wholesale fabric in Hochiminh city. It is an individual household business which was operated since 1998. Ms. Tran Thi Xuan Hoa is registered as Legal representative of this entity. However, in fact, Ms. Bau and Mr. Tai Quach are trading at this kiosque.

Main product in this kiosque is fabric, especially fabric for shirt. Most of products are collected from the fabric manufacturers in domestic, a very small part of it are China product. The subject is operating as a distributor, it sells products  to other retailers or companies who have demand.

We has visited to this place. The kiosque is small, moreover, most of kiosque in this mall are wholesale, consumers come to here for shopping is not much. As Mr. Tai Quach said, his kiosque is very small, revenue is about few millions per month. He does not have any contact or business transaction with foreign partner. Customers of the subject are mainly in Hochiminh city and neighbouring provinces. At the kisoque, Ms. Bau and her assistant take responsibility for all business transaction.

In overview, the subject is very small. Caution needed for all business transaction with the subject.

 

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)

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.48.68

UK Pound

1

Rs.76.75

Euro

1

Rs.63.57

 

 

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%)

 

 

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.