MIRA INFORM REPORT
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Report Date : |
19.01.2012 |
IDENTIFICATION DETAILS
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Correct Name : |
MOC THUY PRODUCTION AND TRADING COMPANY
LIMITED |
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Registered Office : |
No. 286/5 To Hien Thanh
Street, Ward 15, 10 District, Ho Chi Minh City |
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Country : |
Vietnam |
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Date of Incorporation : |
11.12.2001 |
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Com. Reg. No.: |
4102007707 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacturing garment products |
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No. of Employees
: |
10 |
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 |
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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 |
SUBJECT IDENTIFICATION &
LEGAL FORM
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Translation English Name |
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MOC THUY PRODUCTION AND TRADING COMPANY
LIMITED |
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Registered Vietnamese Name |
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CONG TY TNHH SAN XUAT & THUONG MAI MOC
THUY |
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Trade name |
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CONG TY TNHH MOC THUY |
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Registered Short name |
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MT CO., LTD |
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Type of Business |
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Limited liability company |
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Business Registration No. |
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4102007707 |
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Date of Registration |
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11 Dec 2001 |
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Place of Registration |
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Business Registration Office of Hochiminh
City |
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Current registered capital |
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VND 1,600,000,000 |
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Tax code |
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0302482261 |
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Total Employees |
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10 |
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Note: The given name is not correct. |
company ADDRESSES
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Head Office |
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Address |
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No. 286/5 To Hien Thanh Street, Ward 15,
10 District, Ho Chi Minh City, Vietnam |
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Telephone |
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(84-8) 3863 2737 |
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Fax |
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(84-8) 3862 0688 |
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Note:
The given address “80/1 National Road 1A, Tan Thoi Nhat Ward, Dist 12, HCM”
is former factory address of the subject. |
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DIRECTORS
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1.
NAME |
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Ms.
NGUYEN THI KIM CUONG |
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Position |
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Director - Legal Representative |
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Date of Birth |
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23 Dec 1958 |
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ID Number/Passport |
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020055323 |
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ID Issue Date |
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28 Jul 1999 |
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ID Issue Place |
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Police Station of
Hochiminh City |
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Resident |
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632A Nguyen Trai
Street, Ward 8 , 5 District, Ho Chi Minh City, Vietnam |
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Nationality |
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Vietnamese |
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Qualification |
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Management |
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2.
NAME |
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Mr.
NGUYEN THANH SANG |
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Position |
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Chief Accountant |
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Date of Birth |
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06 Aug 1976 |
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Resident |
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Ho Chi Minh City,
Vietnam |
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Nationality |
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Vietnamese |
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Tel/Mobil phone |
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+84 903 032 007 |
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Email |
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Qualification |
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Bachelor |
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Note: Resident Hochiminh City |
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3.
NAME |
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Ms.
NGUYEN NHU THAO |
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Position |
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Accountant |
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Resident |
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Ho Chi Minh City,
Vietnam |
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Nationality |
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Vietnamese |
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Qualification |
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Bachelor |
BUSINESS NATURE AND ACTIVITIES
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The subject specializes in printing packaging. ·
Manufacturing
garment products ·
Design
advertisement ·
Trading
paper, printing materials ·
Aquaculture
and trading aquatic product and seafood ·
Consignment
agents ·
Trading
agricultural product, animal feed, electric equipment |
IMPORT & EXPORT ACTIVITIES
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IMPORT: |
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·
Types of products |
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N/A |
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EXPORT: |
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·
Types of products |
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N/A |
BANKERS
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SHINHAN
BANK VIET NAM LIMITED |
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Address |
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100 Nguyen Thi Minh Khai Str, Ward 6 , 3 District, Ho Chi Minh City,
Vietnam |
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Telephone |
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(84-8) 3829 1581 |
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Fax |
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(84-8) 3821 1648 |
SHAREHOLDERS
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1.
NAME |
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Ms.
NGUYEN THI KIM CUONG |
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Position |
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Director – Legal Representative |
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Date of Birth |
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23 Dec 1958 |
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ID Number/Passport |
|
020055323 |
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Issued on |
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28 Jul 1999 |
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Issued Place |
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Police Station of Hochiminh City |
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Resident |
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632A Nguyen Trai Street, Ward 8, 5
District, Ho Chi Minh City, Vietnam |
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Nationality |
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Vietnamese |
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Value of shares |
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VND 1,120,000,000 |
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Percentage |
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70% |
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2.
NAME |
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Mr.
MAI VAN NGOC |
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ID Number/Passport |
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022464704 |
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Resident |
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259/26A Cach Mang Thang Tam Street, Ward 3
, Tan Binh District, Ho Chi Minh City, Vietnam |
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Nationality |
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Vietnamese |
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Value of shares |
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VND 480,000,000 |
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Percentage |
|
30% |
FINANCIAL DATA
Not Available!
PAYMENT HISTORY & PERFORMANCE EXPERIENCES
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Trade Morality |
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Normal |
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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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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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Direct payment or through its corresponding bank |
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Sale Methods |
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Other |
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Public opinion |
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Normal |
INTERPRETATION ON THE SCORES
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The subject - CONG TY TNHH MOC THUY - is a limited liability company which
was established in 2001. It is
operating under business registration No. 4102007707 issued by Business
Registration Office of Hochiminh City. Its registered capital is VND 1.6
billion now. Ms. Nguyen The Kim Cuong is Director and Legal Representative of
the subject. Originally,
the subject had an garment factory which was located on 80/1
National Road 1A, Tan Thoi Nhat Ward, Dist 12, Hochiminh city, Vietnam.
However, now the subject specializes in printing packaging. Its current head office is located at 286/5
To Hien Thanh Street, Ward 15 , 10 District, Ho Chi Minh City, Vietnam. It has about 10 staffs. The
subject does not have import/export activity. It is printing packaging for
some companies in Hochiminh city and neigbouring provinces such as DNTN San
xuat San pham Cao su Long Thanh, C &H Vina Company, Vina Taupaulin, Kwang
Sung Bolier… Main suppliers of the subject are Truong Son Company, Sai Gon
Company, Tan Kim Huong Company and Vinh Hong Hung Company. Although
the subject has operated for a long time, the subject’s position in the
industry is still normal. The management capacity is average. Its business
activities seem stable in recent time. In our opinion, the subject has capacity
to meet small business transaction. |
APPENDIX
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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.50.67 |
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UK Pound |
1 |
Rs.77.72 |
|
Euro |
1 |
Rs.64.63 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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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 |
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<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.