MIRA INFORM REPORT

 

 

Report Date :

30.06.2012

 

IDENTIFICATION DETAILS

 

Name :

VINH KIM EXPORT IMPORT JOINT STOCK COMPANY

 

 

Registered Office :

Thanh Gia Hamlet, Quang Phu Commune, Luong Tai District, Bac Ninh Province

 

 

Country :

Vietnam

 

 

Date of Incorporation :

23.04.2012

 

 

Com. Reg. No.:

2300725106

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

Trading in agricultural products.

 

 

No. of Employees :

10

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

--

NB

New Business

 

--

 

Status :

New Company

Payment Behaviour :

Unknown

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)

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

 

English Name

 

VINH KIM EXPORT IMPORT JOINT STOCK COMPANY

Vietnamese Name

 

CONG TY CP XUAT NHAP KHAU VINH KIM

Short name

 

VINH KIM EI.,JSC

Type of Business

 

Joint stock company

Year Established

 

2012

Business Registration No.

 

2300725106

Date of Registration

 

23 Apr 2012

Place of Registration

 

Planning and Investment Department of Bac Ninh province

Chartered capital

 

VND 3,000,000,000

Status

 

Unlisted

Tax code

 

2300725106

Total Employees

 

10

Size

 

Small

Note: The correct name of subject is above

 

 

ADDRESSES

 

Head Office

Address

 

Thanh Gia Hamlet, Quang Phu Commune, Luong Tai District, Bac Ninh Province, Vietnam

Telephone

 

(84-241) 3981574 /+84 904206239

Fax

 

(84-241) 3981574

 

Representative Office

Address

 

No. 3/52, Chua Re Street, Hai An Dist., Hai Phong City, Vietnam

 

 

DIRECTORS

 

1. NAME

 

Ms. NGUYEN THI KHOA

Position

 

Director - Legal Representative

Date of Birth

 

1963

ID Number/Passport

 

125135517

ID Issue Date

 

05 Oct 2010

ID Issue Place

 

Bac Ninh Police Station

Current resident

 

Quang Bo Hamlet, Quang Phu Commune, Luong Tai District, Bac Ninh Province, Vietnam

Nationality

 

Vietnamese

 

2. NAME

 

Ms. TRINH THI HANG

Position

 

Deputy Director

ID Number/Passport

 

125134819

Resident

 

Thanh Gia Hamlet, Quang Phu Commune, Luong Tai District, Bac Ninh Province, Vietnam

Nationality

 

Vietnamese

Tel/Mobile phone

 

+84 975899323

 

 

BUSINESS NATURE AND ACTIVITIES

 

Trading in agricultural products.

 

 

IMPORT & EXPORT ACTIVITIES

 

IMPORT:

·         Types of products

 

Agricultural products such as ground-nut, sesame, bean...

·         Market

 

India

·         Ratio

 

95%

·         Mode of payment

 

T/T

 

EXPORT:

·         Types of products

 

Agricultural products

·         Market

 

China

·         Ratio

 

100%

·         Mode of payment

 

T/T

 

 

BANKERS

 

1. VIET NAM JOINT STOCK COMMERCIAL BANK FOR INDUSTRY AND TRADE BAC NINH BRANCH

Address

 

No. 31, Nguyen Dang Dao Str., Bac Ninh City, Bac Ninh Province, Vietnam

Telephone

 

(84-241) 3810939

 

 

SHAREHOLDERS
 

1. NAME

 

Ms. NGUYEN THI KHOA

Position

 

Director - Legal Representative

Date of Birth

 

1963

ID Number/Passport

 

125135517

Issued on

 

05 Oct 2010

Issued Place

 

Bac Ninh Police Station

Current Resident

 

Quang Bo Hamlet Quang Phu Commune, Luong Tai District, Bac Ninh Province, Vietnam

Nationality

 

Vietnamese

Number of Shares

 

12,000

Value of shares

 

VND 1,200,000,000

Percentage

 

40%

 

2. NAME

 

Ms. TRINH THI HANG

Position

 

Deputy Director

ID Number/Passport

 

125134819

Resident

 

Thanh Gia Hamlet Quang Phu Commune, Luong Tai District, Bac Ninh Province, Vietnam

Mobile phone

 

+84 975899323

Nationality

 

Vietnamese

Number of Shares

 

10,500

Value of shares

 

VND 1,050,000,000

Percentage

 

35%

 

3. NAME

 

Mr. NGUYEN VAN DONG

ID Number/Passport

 

125181789

Resident

 

Thanh Gia Hamlet, Quang Phu Commune, Luong Tai District, Bac Ninh Province, Vietnam

Nationality

 

Vietnamese

Number of Shares

 

7,500

Value of shares

 

VND 750,000,000

Percentage

 

25%

 

 

FINANCIAL DATA

 

As a newly established company, the financial statements are not available

 

 

PAYMENT HISTORY & PERFORMANCE EXPERIENCES

 

Trade Morality

 

Good

Liquidity

 

N/A

Payment status

 

N/A

Financial Situation

 

Below average

Development trend

 

Developing

Litigation data

 

No

Bankruptcy

 

No

Payment Methods

 

T/T

Sale Methods

 

Wholesaler

 

 

 

INTERPRETATION ON THE SCORES

 

VINH KIM EI.,JSC is a newly established company. It was issued business registration (as the same tax code) number 2300725106 on April 23rd 2012 by Bac Ninh Department of Planning and Investment. Current chartered capital of subject is VND 3 billion and contributed by 3 shareholders.

Its main activities are trading in agricultural products including ground-nut, sesame, bean... Besides head office at Thanh Gia hamlet, Quang Phu commune, Luong Tai Dist., Bac Ninh province, subject also has one representative office in Hai Phong City. According to subject, this is convenient location for import and export activities. 95% products are imported from India and remaining amount is purchased in domestic market. Then subject exports 100% to China. Subject only uses T/T method in international payment.

In general, subject only ran into operation about two months. Thus it is not really safe yet for business transactions. Please caution needed for all ones with subject now.

 

 

------------ 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)

2011

2010

Agriculture, Forestry and Fishing

4.00

2.78

8,749

23,896.3

81,559

Industry and Construction

5.53

7.70

85,115

10,630

2,751,975

Trade and Services

6.69

7.52

154,978

14,522

4,939,069

 

ECONOMIC INDICATORS

 

 

2011 

2010 

2009 

Population (Million person)

87.84

86.93

86.02

Gross Domestic Products (USD billion)

119

102.2

91

GDP Growth (%)

5.89

6.78

5.32

GDP Per Capita (USD/person/year)

1,300

1,160

1,080

Inflation (% Change in Composite CPI)

18.58

11.75

6.88

State Budget Deficit compared with GDP (%)

4.9

5.8

6.9

 

SERVICE TRADE PERFORMANCE

 

Billion USD 

2011 

2010 

2009 

Exports

96.3

72.2

57.1

Imports

105.8

84.8

69.9

Trade Balance

-9.5

-12.6

-12.8

Source: General Statistics Office

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.56.31

UK Pound

1

Rs.88.06

Euro

1

Rs.70.91

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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.