MIRA INFORM REPORT
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Report Date : |
22.02.2012 |
IDENTIFICATION DETAILS
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Name : |
PREMIER FASHION TRADING COMPANY LIMITED |
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Registered Office : |
4th Floor and 7th Floor,
Kicotran Office Building, No.5, Dong Da Street, Ward 2, Tan Binh District, Ho
Chi Minh City |
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Country : |
Vietnam |
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Year of Establishment : |
2010 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Subject is engaged in business of garment, fashion field |
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No. of Employees
: |
30 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment
Behaviour : |
No Complaints |
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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) |
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Vietnam |
b1 |
b1 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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English Name |
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PREMIER FASHION TRADING COMPANY LIMITED |
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Vietnamese Name |
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CONG TY TNHH THUONG MAI THOI TRANG DINH
CAO |
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Type of Business |
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Limited liability company |
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Year Established |
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2010 |
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Investment Certificate No |
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411022000527 |
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Date Of Issuance |
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31 Jul 2010 |
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Place of Issuance |
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People’s Committee Of Ho Chi Minh City |
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Investment capital |
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USD 120,000 |
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Chartered capital |
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USD 120,000 |
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Investment duration |
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05 years |
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Tax code |
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0310264080 |
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Total Employees |
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30 |
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Notes: The given name (Premier Fashion Garment)
is not correct. |
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Head Office |
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Address |
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4th Floor and 7th Floor,
Kicotran Office Building, No.5, Dong Da Street, Ward 2, Tan Binh District, Ho
Chi Minh City, Vietnam |
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Telephone |
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(84-8) 35471502/3 |
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Fax |
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(84-8) 35471504 |
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1.
NAME |
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Mr.
MOHAMMAD JAMALUDDIN |
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Position |
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Director |
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ID Number/Passport |
|
Z1898575 |
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Nationality |
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Indian |
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Email |
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2.
NAME |
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Ms.
NGUYEN THAI THI NHUNG |
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Position |
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Deputy Director |
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ID Number/Passport |
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022963878 |
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Current resident |
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95/4A Quarter 5, An Lac A Ward , Binh Tan
District, Ho Chi Minh City, Vietnam |
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Nationality |
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Vietnamese |
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3.
NAME |
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Ms.
CHU DAO LINH SUONG |
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Position |
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Chief Accountant |
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Current resident |
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Ho Chi Minh City, Vietnam |
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Nationality |
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Vietnamese |
Business in garment, fashion field.
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IMPORT: |
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·
Types of products |
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Raw materials |
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·
Market |
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China, Korea |
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EXPORT: |
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Note: Currently, the subject does not export |
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HSBC
BANK (VIET NAM) LTD |
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Address |
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Metropolitan Building, No. 235 Dong Khoi - Ben Nghe Ward, 1st
District, Ho Chi Minh City, Vietnam |
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Telephone |
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(84-8) 3829 2288 |
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Fax |
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(84-8) 3823 0530 |
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1.
NAME |
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Mr.
MOHAMMAD JAMALUDDIN |
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Position |
|
Director |
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ID Number/Passport |
|
Z1898575 |
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Email |
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Nationality |
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Indian |
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Percentage |
|
67% |
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2.
NAME |
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Ms.
NGUYEN THAI THI NHUNG |
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Position |
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Deputy Director |
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ID Number/Passport |
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022963878 |
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Current Resident |
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95/4A Quarter 5, An Lac A Ward , Binh Tan
District, Ho Chi Minh City, Vietnam |
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Nationality |
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Vietnamese |
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Percentage |
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30% |
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3.
NAME |
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Mr.
NADIM UDDIN MUSLIM |
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Email |
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Percentage |
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3% |
N/A
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Trade Morality |
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N/A |
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Liquidity |
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N/A |
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Payment status |
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N/A |
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Financial Situation |
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Below average |
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Development trend |
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N/A |
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Litigation data |
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No Record |
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Bankruptcy |
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No Record |
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Payment Methods |
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Cash and through the bank ( T/T) |
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Sale Methods |
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Other |
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The subject is one of members of Premier Group, and it is a new enterprise in fashion field in Vietnam.
The subject registers operating in fashion, garment field. Main business
activities of the subject are consulting, introducing for foreign clients about model,
material, design and quality control in fashion field under orders.
Facilities and premises of the subject are normal. One of owners of the
subject, Ms. Nguyen Thai Thi Nhung – Deputy director of the subject - is also
the sole owner of Pha Re Mi En Ri Trading Company Limited which operates in
the same field with the subject. Currently, the subject stills a new enterprise which operates under small scale. The subject is in development way, it needs more time to grow up. |
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INDUSTRY DATA |
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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) |
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|
2010 |
2009 |
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Agriculture,
Forestry and Fishing |
2.78 |
1.82 |
8,749 |
23,896.3 |
81,559 |
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Industry and
Construction |
7.70 |
5.52 |
85,115 |
10,630 |
2,751,975 |
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Trade and
Services |
7.52 |
6.63 |
154,978 |
14,522 |
4,939,069 |
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ECONOMIC
INDICATORS |
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2010 |
2009 |
2008 |
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Population (Million person) |
86.93 |
86.02 |
86.1 |
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Gross Domestic Products (US$ billion) |
102.2 |
91 |
84.9 |
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GDP Growth (%) |
6.78 |
5.32 |
6.2 |
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GDP Per Capita (US$) |
1,160 |
1,080 |
1,040 |
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Inflation (% Change in Composite CPI) |
11.75 |
6.88 |
24.4 |
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SERVICE TRADE
PERFORMANCE |
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Billion USD |
2010 |
2009 |
2008 |
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Exports |
72.2 |
57.1 |
62.7 |
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Imports |
84.8 |
69.9 |
80.7 |
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Trade Balance |
-12.6 |
-12.8 |
-18 |
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Source: General
Statistics Office
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.08 |
|
UK Pound |
1 |
Rs.77.79 |
|
Euro |
1 |
Rs.65.17 |
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 |
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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 |
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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 |
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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 |
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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 |
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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.