MIRA INFORM REPORT

 

 

Report Date :

15.02.2012

 

IDENTIFICATION DETAILS

 

Name :

DAI VIET CONSTRUCTION AND DEVELOPMENT JOINT STOCK COMPANY

 

 

Registered Office :

Lot 3 C Zone - My Dinh Commune, Tu Liem District, Ha Noi City, Vietnam

 

 

Country :

Viet Nam

 

 

Date of Incorporation :

08.04.2010

 

 

Com. Reg. No.:

0104581253

 

 

Legal Form :

Joint stock company

 

 

Line of Business :

Construction of buildings and trades water supply facilities

 

 

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 :

No complaints

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 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

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

 

DAI VIET CONSTRUCTION AND DEVELOPMENT JOINT STOCK COMPANY

Vietnamese Name

 

CONG TY CO PHAN XAY DUNG VA PHAT TRIEN DAI VIET

Short name

 

DVCO., JSC

Type of Business

 

Joint stock company

Year Established

 

2010

Business Registration No.

 

0104581253

Date of Registration

 

08 Apr 2010

Place of Registration

 

Planning and Investment Department of Hanoi City

Current registered capital

 

VND 15,000,000,000

Status

 

Unlisted

Tax code

 

0104581253

Total Employees

 

10

Size

 

Small

 

 

ADDRESSES

 

 

Head Office

Address

 

Lot 3 C Zone - My Dinh Commune, Tu Liem District, Ha Noi City, Vietnam

Telephone

 

(84-4) 6287 0008

Fax

 

(84-4) 6287 0009

 

 

DIRECTORS

 

 

1. NAME

 

Mr. PHAM HUY CUONG

Position

 

Director

Date of Birth

 

05 Dec 1962

ID Number/Passport

 

010245144

ID Issue Date

 

15 Jul 2004

ID Issue Place

 

Hanoi Police Station

Resident

 

No. 57 Van Cuong Alley, Dong Da District, Ha Noi City, Vietnam

Nationality

 

Vietnamese

 

 

BUSINESS NATURE AND ACTIVITIES

 

The subject specializes in construction of buildings and trades water supply facilities.

 

 

IMPORT & EXPORT ACTIVITIES

 

 

IMPORT:

·         Types of products

 

Water supply facilities

·         Market

 

Italy and Malaysia

·         Ratio

 

N/A

·         Mode of payment

 

T/T

 

EXPORT:

Note: Currently, the subject does not export.

 

 

BANKERS

 

 

1. VIET NAM BANK FOR AGRICULTURE AND RURAL DEVELOPMENT NAM DO TRANSACTION

Address

 

No.9, Trung Kinh Street, Trung Hoa Ward, Cau Giay District, Ha Noi City, Vietnam

Telephone

 

(84-4) 37849924

Fax

 

(84-4) 37849930

 

 

2. HANOI BUILDING COMMERCIAL JOINT STOCK BANK CAU GIAY BRANCH

Address

 

No. 101 Service C Plot, No.D5 Zone, Nguyen Phong Sac, Cau Giay District, Ha Noi City, Vietnam

Telephone

 

(84-4) 62690530

Fax

 

(84-4) 62690531

 

 

SHAREHOLDERS

 

 

1. NAME

 

Mr. PHAM HUY CUONG

Position

 

Director

Date of Birth

 

05 Dec 1962

ID Number/Passport

 

010245144

Issued on

 

15 Jul 2004

Issued Place

 

Hanoi Police Station

Resident

 

No. 57 Van Cuong Alley, Dong Da District, Ha Noi City, Vietnam

Nationality

 

Vietnamese

Number of Shares

 

300,000

Value of shares

 

VND 3,000,000,000

 

2. NAME

 

Ms. TRUONG THI TU OANH

ID Number/Passport

 

011141762

Issued Place

 

Police Station of Hanoi City

Resident

 

No. 5 Alley 24 Dao Tan Street, Ba Dinh District, Ha Noi City, Vietnam

Nationality

 

Vietnamese

Number of Shares

 

300,000

Value of shares

 

VND 3,000,000,000

 

3. NAME

 

Mr. TRUONG TIEN DUNG

ID Number/Passport

 

011141756

Issued Place

 

Police Station of Hanoi City

Resident

 

No. 82 Dao Tan Street, Ba Dinh District, Ha Noi City, Vietnam

Nationality

 

Vietnamese

Number of Shares

 

150,000

Value of shares

 

VND 1,500,000,000

 

4. NAME

 

Ms. PHAM THI THUY VINH

ID Number/Passport

 

013243715

Issued Place

 

Police Station of Hanoi City

Resident

 

P906 CT4-1 Me Tri Ha, Tu Liem District, Ha Noi City, Vietnam

Nationality

 

Vietnamese

Number of Shares

 

200,000

Value of shares

 

VND 2,000,000,000

 

5. NAME

 

Ms. DANG THI HOA

ID Number/Passport

 

0127141195

Issued Place

 

Police Station of Hanoi City

Resident

 

3B Quan Ngua Collective Zone , Ba Dinh District, Ha Noi City, Vietnam

Nationality

 

Vietnamese

Number of Shares

 

200,000

Value of shares

 

VND 2,000,000,000

 

6. NAME

 

Mr. LUONG BAO THANG

ID Number/Passport

 

010287701

Issued Place

 

Police Station of Hanoi City

Resident

 

No. 9 Quan Thanh Street, Ba Dinh District, Ha Noi City, Vietnam

Nationality

 

Vietnamese

Number of Shares

 

150,000

Value of shares

 

VND 1,500,000,000

 

7. NAME

 

Mr. TRAN QUANG MINH

ID Number/Passport

 

011339423

Issued Place

 

Police Station of Hanoi City

Resident

 

No. 21C Trung Liet Ward, Dong Da District, Ha Noi City, Vietnam

Nationality

 

Vietnamese

Number of Shares

 

200,000

Value of shares

 

VND 2,000,000,000

 

 

FINANCIAL DATA

 

 

The subject’s financial data is not available.

 

 

PAYMENT HISTORY & PERFORMANCE EXPERIENCES

 

 

Trade Morality

 

Normal

Liquidity

 

N/A

Payment status

 

N/A

Financial Situation

 

Average

Development trend

 

Developing

Litigation data

 

No Record

Bankruptcy

 

No Record

Payment Methods

 

T/T

Sale Methods

 

To projects

Public opinion

 

Normal

 

 

 

INTERPRETATION ON THE SCORES

 

DAI VIET CONSTRUCTION AND DEVELOPMENT JOINT STOCK COMPANY was newly established in 2010 under the business registration No. 0104581253, issued on April 08th, 2010 by Planning and Investment Department of Hanoi City. The current registered capital of the company is VND 15,000,000,000.

All of transaction of the company is located at Lot 3 Group C, My Dinh Commune, Tu Liem District, Hanoi City. At present, the subject specializes in trading water supply facilities and construction buildings. There are about 10 employees working here and they are relatively busy.

The subject imports water supply facilities from Italy and Malaysia and then it supplies in the domestic market. The management capacity and material facilities are average.

We have an exchange with the subject but they refused to supply the financial data for the latest year, so we have no comment about its financial situation of the company at the moment. The business activities are normal and caution need with big and medium financial commitments.

 

 

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.49.33

UK Pound

1

Rs.77.41

Euro

1

Rs.64.83

 

 

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.