MIRA INFORM REPORT

 

 

Report Date :           

14.06.2012

 

IDENTIFICATION DETAILS

 

Name :

VAN XUAN INDUSTRIES COMPANY LIMITED

 

 

Registered Office :

Room 605-606, Floor 6, Indochina Park Tower, No.4 Nguyen Dinh Chieu Street, Da Kao Ward, District 1, Ho Chi Minh City

 

 

Country :

Vietnam

 

 

Date of Incorporation :

12.01.2011

 

 

Com. Reg. No.:

0310577326

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Subject operates in collecting and exporting kinds of rubbers

 

 

No. of Employees :

20

 

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 :

Moderate

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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

 

Registered English Name

 

VAN XUAN INDUSTRIES COMPANY LIMITED

Registered Vietnamese Name

 

CONG TY TNHH CONG NGHIEP VAN XUAN

Registered Short name

 

VAN XUAN INDUSTRIES CO., LTD

Type of Business

 

Limited liability company

Year Established

 

2011

Business Registration No.

 

0310577326

Date of Registration

 

12 Jan 2011

Place of Registration

 

Planning And Investment Department Of Ho Chi Minh City

Current registered capital

 

VND 6,000,000,000

Tax code

 

0310577326

Total Employees

 

20

 

 

company ADDRESSES

 

Head Office

Address

 

Room 605-606, Floor 6, Indochina Park Tower, No.4 Nguyen Dinh Chieu Street, Da Kao Ward, District 1, Ho Chi Minh City, Vietnam

Telephone

 

(84-8) 2221 6306

Fax

 

(84-8) 6258 6642

 

 

DIRECTORS

 

1. NAME

 

Mr. NGUYEN TIEN VU

Position

 

Director – Legal Representative

Date of Birth

 

26 Oct 1979

ID Number/Passport

 

024958549

ID Issue Date

 

05 Aug 2008

ID Issue Place

 

Police Station Of Ho Chi Minh City

Resident

 

343/55 Su Van Hanh Street, Ward 12, District 10, Ho Chi Minh City, Vietnam

Nationality

 

Vietnamese

 

2. NAME

 

Mr. NGUYEN TRUNG THANH

Position

 

Deputy Director

Current resident

 

Ho Chi Minh City, Vietnam

Nationality

 

Vietnamese

 

3. NAME

 

Mr. NGUYEN DINH DUNG

Position

 

Chief Accountant

ID Number/Passport

 

012950892

Resident

 

Group 1, Tu Lien Ward, Tay Ho District, Ha Noi City, Vietnam

Nationality

 

Vietnamese

 

 

BUSINESS NATURE AND ACTIVITIES

 

The subject registers and operates in collecting and exporting kinds of rubbers

 

 

IMPORT & EXPORT ACTIVITIES

 

IMPORT: Currently, the subject does not import

 

EXPORT:

·         Types of products

 

Rubber

·         Market

 

Korea, China, Malaysia, Australia…

 

 

 

BANKERS

 

DONG A COMMERCIAL JOINT STOCK BANK DISTRICT 1 BRANCH

Address

 

No.56-58, Nguyen Cong Tru Street, Nguyen Thai Binh Ward, 1 District, Ho Chi Minh City, Vietnam

Telephone

 

(84-8) 3821 5005

Fax

 

(84-8) 3821 5006

 

 

SHAREHOLDERS

 

1. NAME

 

Mr. LE HONG NAM

ID Number/Passport

 

025082203

Resident

 

284/25/8 Ly Thuong Kiet Street, Ward 14, District 10, Ho Chi Minh City, Vietnam

Nationality

 

Vietnamese

Value of shares

 

VND 2,400,000,000

Percentage

 

40%

 

2. NAME

 

Mr. NGUYEN DINH DUNG

Position

 

Chief Accountant

ID Number/Passport

 

012950892

Resident

 

Group 1, Tu Lien Ward , Tay Ho District, Ha Noi City, Vietnam

Nationality

 

Vietnamese

Value of shares

 

VND 1,200,000,000

Percentage

 

20%

 

3. NAME

 

Mr. NGUYEN QUOC VIET

ID Number/Passport

 

022508401

Resident

 

14 Le Lai Street, Ward 12, Tan Binh District, Ho Chi Minh City, Vietnam

Nationality

 

Vietnamese

Value of shares

 

VND 1,200,000,000

Percentage

 

20%

 

4. NAME

 

Mr. NGUYEN TIEN VU

Position

 

Director – Legal Representative

Date of Birth

 

26 Oct 1979

ID Number/Passport

 

024958549

Issued on

 

05 Aug 2008

Issued Place

 

Police Station Of Ho Chi Minh City

Resident

 

343/55 Su Van Hanh Street, Ward 12, District 10, Ho Chi Minh City, Vietnam

Nationality

 

Vietnamese

Value of shares

 

VND 1,200,000,000

Percentage

 

20%

 

 

FINANCIAL DATA

 

N/A

 

 

PAYMENT HISTORY & PERFORMANCE EXPERIENCES

 

Trade Morality

 

Normal

Liquidity

 

N/A

Payment status

 

N/A

Financial Situation

 

N/A

Development trend

 

Even

Litigation data

 

No Record

Bankruptcy

 

No Record

Payment Methods

 

Through the banks

Sale Methods

 

Wholesaler

 

 

 

INTERPRETATION ON THE SCORES

 

VAN XUAN INDUSTRIES COMPANY LIMITED is a limited company which has just been established in the beginning of year 2011 under business registration No. 0310577326 with registered capital VND 6 billion.

Head office of the subject is located at Room 605-606, Floor 6, Indochina Park Tower, No.4 Nguyen Dinh Chieu Street, Da Kao Ward, District 1, Ho Chi Minh City. The subject is specializing in exporting the kinds of rubbers. It mainly collects rubbers from domestic market and then exports to foreign partners such as Korea, China, Malaysia, Australia…

According to Mr. Dung – chief accountant of the subject, the subject is operating fairly effective with about 20 staff. Because of being a young company, the subject also meets many difficulties in this time. It is trying hard to stabilize domestic and foreign market shares.

In overview, the subject is a small and young company in this field. Management capability and facilities are normal. In this time, in our opinion, caution needed with all transactions for 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.55.85

UK Pound

1

Rs.86.88

Euro

1

Rs.69.88

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.