MIRA INFORM REPORT

 

 

Report Date :           

23.02.2012

 

IDENTIFICATION DETAILS

 

Correct Name :

THANG LONG STEEL AND MINERAL COMPANY LIMITED  -

 

 

Registered Office :

Room 103, K16 Bach Khoa Collective, Bach Khoa Ward, Hai Ba Trung District, Ha Noi City

 

 

Country :

Vietnam

 

 

Year of Establishment :

2009

 

 

Com. Reg. No.:

0104346404

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

subject registers operation in many fields in which has steel trade but now the firm focuses on recycling waste and producing products from plastic

 

 

No. of Employees :

08

 

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 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

 

English Name

 

THANG LONG STEEL AND MINERAL COMPANY LIMITED

Vietnamese Name

 

CONG TY TNHH THEP VA KHOANG SAN THANG LONG

Short name

 

THANG LONG MINERALS CO.,LTD

Type of Business

 

Limited liability company

Year Established

 

2009

Business Registration No.

 

0104346404

Date of Registration

 

16 May 2011 (the first adjustment)

Place of Registration

 

Hanoi Planning and Investment Department

Current registered capital

 

VND 5,000,000,000

Status

 

Unlisted

Tax code

 

0104346404

Total Employees

 

8

Size

 

Small

 

 

Note: The given name - THENG LONG STEEL & MINERAL CO LTD is not correct. The right one is as above.

 

 

company ADDRESSES

 

Head Office

Address

 

Room 103, K16 Bach Khoa Collective, Bach Khoa Ward, Hai Ba Trung District, Ha Noi City, Vietnam

Telephone

 

(84-4) 3574 6985

 

 

DIRECTOR

 

NAME

 

Mr. KHUAT VAN TY

Position

 

Director

Date of Birth

 

14 Nov 1970

ID Number/Passport

 

111399964

ID Issue Date

 

22 Jun 1996

ID Issue Place

 

Public Security of Ha Tay Province (Hanoi now)

Current resident

 

Cluster 7 Phuc Tho Town, Phuc Tho District, Ha Noi City, Vietnam

Nationality

 

Vietnamese

 

 

BUSINESS NATURE AND ACTIVITIES

 

The subject registers operation in many fields in which has steel trade but now the firm focuses on recycling waste and producing products from plastic.

 

 

 

IMPORT & EXPORT ACTIVITIES

 

IMPORT:

·         Types of products

 

Waste, rubber tiers

·         Market

 

China, Spain

 

EXPORT:

·         Types of products

 

Finished products

Market

 

China, India

 

 

 

BANKERS

 

1. VIETNAM PROSPERITY JOINT STOCK COMMERCIAL BANK BACH KHOA BRANCH

 

Address

 

No. 92, Le Thanh Nghi Street -Hai Ba Trung District, Ha Noi City, Vietnam

Telephone

 

(84-4) 3869 2828

Fax

 

(84-4) 3823 0625

 

2. STANDARD CHARTERED BANK HANOI BRANCH

Address

 

8th Floor - Hanoi Central Building - No. 49 Hai Ba Trung Str - Tran Hung Dao Ward, Hoan Kiem District, Ha Noi City, Vietnam

Telephone

 

(84-4) 3825 7970

Fax

 

(84-4) 3825 8880

 

 

SHAREHOLDERS

 

1. NAME

 

Mr. KHUAT VAN TY

Position

 

Director

Date of Birth

 

14 Nov 1970

ID Number/Passport

 

111399964

Issued on

 

22 Jun 1996

Issued Place

 

Public Security of Ha Tay Province ( Hanoi now)

Current Resident

 

Cluster 7 Phuc Tho Town, Phuc Tho District, Ha Noi City, Vietnam

Nationality

 

Vietnamese

Value of shares

 

VND 1,000,000,000

Percentage

 

20%

 

2. NAME

 

Ms. BUI THI TUYET LOAN

ID Number/Passport

 

012306820

Resident

 

No. 121, Group 23 Thanh Luong, Thanh Luong Ward, Hai Ba Trung District, Ha Noi City, Vietnam

Value of shares

 

VND 4,000,000,000

Percentage

 

80%

 

 

FINANCIAL DATA

 

The latest financial statement is not provided from the subject. It is also not yet available in our source at the moment.

 

 

 

PAYMENT HISTORY & PERFORMANCE EXPERIENCES

 

Trade Morality

 

Normal

Liquidity

 

N/A

Payment status

 

N/A

Financial Situation

 

Below Average

Development trend

 

Negative

Litigation data

 

No Record

Bankruptcy

 

No Record

Payment Methods

 

L/C

Sale Methods

 

Retailer and Wholesaler

Public opinion

 

Limited

 

 

 

 

INTERPRETATION ON THE SCORES

 

THANG LONG MINERALS CO., LTD was set up in 2009 by capital contribution of two members: Mr. KHUAT VAN TY and Ms. BUI THI TUYET LOAN. The subject is operating under business registration No. 0104346404 with VND 5 billion in registered capital.

Head office is registered at Suite 103, K16 Bach Khoa Collective, Bach Khoa Ward, Hai Ba Trung District, Ha Noi City, Vietnam. However, when we went to this address, we did not find the subject. We asked some people who live here, they said that there is a company, which specializes in trading steel but they do not know name of the firm.

As information from Ms. Phuong – admin staff- the subject has moved to another address at Pham Ngoc Thach Street. But she refused to show detail of the subject’s address now. Moreover, we also found the information of house for sale at the registered address of the subject. Information about operation of the company is limitation. You should caution when you have medium & big business transactions 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.49.25

UK Pound

1

Rs.76.75

Euro

1

Rs.65.16

 

 

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.