MIRA INFORM REPORT

 

 

Report Date :

19.01.2012

 

IDENTIFICATION DETAILS

 

Name :

AJ WINE TRADING COMPANY LIMITED

 

 

Registered Office :

34/1 Nguyen Thien Thuat Str, Nha Trang City, Khanh Hoa Province

 

 

Country :

Vietnam

 

 

Year of Establishment :

2005

 

 

Com. Reg. No.:

4200594460

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Specialized In Trading Wines

 

 

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

 

Current legal status

English Registered Name

 

AJ WINE TRADING COMPANY LIMITED

Vietnamese Registered Name

 

CONG TY TNHH THUONG MAI AJ

Registered Short name

 

AJWT

Type of Business

 

Limited liability company

Year Established

 

2005

Business Registration No.

 

4200594460

Date of Registration

 

05 Aug 2009

Place of Registration

 

Planning and Investment Department of Khanh Hoa Province

Current registered capital

 

VND 225,000,000

Status

 

Unlisted

Tax code

 

4200594460

Total Employees

 

10

Note: The English given name is not exact.

 

Historical Identification & Legal form

 

List

Changed Items

Date of changes

1

Subject has got former Business Registration No: 3702000872 (issued 20 Apr 2005) Changed to: 4200594460

05 Aug 2009

 

 

ADDRESSES

 

Head Office

Address

 

34/1 Nguyen Thien Thuat Str, Nha Trang City, Khanh Hoa Province, Vietnam

Telephone

 

(84-58) 3521772

Fax

 

(84-58) 3523002

 

 

DIRECTORS

 

1. NAME

 

Mr. PHAN VAN DUC

Position

 

Director / Legal representative

Date of birth

 

20 Oct 1953

ID No.

 

220689710

Issued on

 

12 Apr 2000

Issued by

 

Khanh Hoa province Public Security

Resident

 

34/1 Nguyen Thien Thuat Street, Tan Lap Ward - Nha Trang City - Khanh Hoa Province - Vietnam

Nationality

 

Vietnamese

 

2. NAME

 

Mr. JEAN GUZUN

Position

 

Vice Director

Nationality

 

Moldova

 

3. NAME

 

Mr. ALEX SITARI

Position

 

Marketing Executive

Nationality

 

Moldova

 

 

BUSINESS NATURE AND ACTIVITIES

 

The subject is specialized in trading wines

 

 

IMPORT & EXPORT ACTIVITIES

 

IMPORT:

·         Types of products

 

Wine and spirits

·         Market

 

Australia, France, Chile, Etc

·         Ratio

 

100%

·         Mode of payment

 

T/T

 

EXPORT:

Note: Currently, the subject does not export

 

 

BANKERS

 

1. JOINT STOCK COMMERCIAL BANK FOR FOREIGN TRADE OF VIETNAM NHA TRANG BRANCH

Address

 

No 21 Le Thanh Phuong-Van Thanh Ward, Nha Trang City, Khanh Hoa Province, Vietnam

Telephone

 

(84-058) 3722820 / 3821483

Fax

 

(84-058) 3815114 / 3823806

 

 

SHAREHOLDERS
 

1. NAME

 

Mr. PHAN VAN DUC

Position

 

Director

Resident

 

34/1 Nguyen Thien Thuat Street, Tan Lap Ward, Nha Trang City, Khanh Hoa Province, Vietnam

Nationality

 

Vietnamese

Value of shares

 

VND 170,000,000

Percentage

 

75.56%

 

2. NAME

 

Mr. JEAN GUZUN

Position

 

Vice Director

Nationality

 

Moldova

Value of shares

 

VND 55,000,000

Percentage

 

24.44%

 

 

FINANCIAL DATA

 

N/A

 

 

 

 

PAYMENT HISTORY & PERFORMANCE EXPERIENCES

 

Trade Morality

 

Normal

Liquidity

 

N/A

Payment status

 

N/A

Financial Situation

 

N/A

Development trend

 

N/A

Litigation data

 

No Record

Bankruptcy

 

No Record

Payment Methods

 

LC,TT

Sale Methods

 

Retailer and Wholesaler

 

 

CREDIT INQUIRY: 20,000 USD 30-90 days

Acceptable.

 

 

INTERPRETATION ON THE SCORES

 

AJ Wine is an importer and trader of wines and spirits. It was officially established in 2005. In that year, Mr. Jean Guzun, a businessman of wine (Moldova) traveled to Nha Trang- Vietnam and he found out the potential of a tourist place with the average of more than 1.5 million travelers per annum. The subject’s establishment is aiming to provide foreign wines for foreign tourist in Vietnam. Its capital was modest of 225 million VND. Up to now, it has not changed the register capital.

In legal document, Mr. Phan Van Duc is legal representative person and director, but in fact, Mr. Jean Guzun manages almost business operation of subject and he is the most important in the company in both finding market for subject.

The subject is distributor of Bermar's "Le Verre de Vin" wine preservation system and Moet Hennessy. The subject distributes brands as Aurvin, Firebird, Carlevana and Cricova... These goods are 100% imported from more than ten countries, including France, Chile, Australia, and so on. Its head office is located at 34/1 Nguyen Thien Thuat- Nha Trang City- Khanh Hoa Province- Vietnam, where is also the private home of subject’s director. Business operation of subject here is not very busy much.
Nha Trang city of Vietnam with beautiful places and beach, is one of the most attractive place for tourist, especial the foreign ones. Subject gets advantages much thanks to this. Moreover, it is also very convenient for business. At the moment, the main distribution market of subject is Hochiminh city, where is very developed of restaurant, bar, hotel system. The Khanh Hoa province (mainly Nha Trang city) is the second important distribution market of subject. In addition to, subject also supplies a part of products for Hanoi – the Northern city market. Because subject has created stable system of traditional customers and clients. Its operation is now fairly stable. However, the competition in this trading field is also hard because this field brings much profit.

Its financial status is at stable level on a small scale. It can meet small financial commitments without caution.

 

 

 

------------ 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.50.66

UK Pound

1

Rs.77.72

Euro

1

Rs.64.63

 

 

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.