MIRA INFORM REPORT

 

 

Report Date :

09.03.2012

 

IDENTIFICATION DETAILS

 

Name :

OTAL RECYCLING COMPANY LIMITED

 

 

Registered Office :

Room B7A, 4Th Floor, Horizon Hotel, No 40, Cat Linh Street , Dong Da District, Ha Noi City

 

 

Country :

Vietnam

 

 

Year of Establishment :

2008

 

 

Com. Reg. No.:

0102791086

 

 

Legal Form :

One Member Liability Limited Company

 

 

Line of Business :

The subject specialized in trading recycling products.

 

 

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 :

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 – 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

 

English Name

 

OTAL RECYCLING COMPANY LIMITED

Vietnamese Name

 

CONG TY TNHH TAI CHE OTAL

Short name

 

OTAL CO., LTD

Type of Business

 

One member liability limited company

Year Established

 

2008

Business Registration No.

 

0102791086

Date of Registration

 

21 Jan 2010

Place of Registration

 

Ha Noi's Department of Planning and Investment

Current registered capital

 

VND 2,000,000,000

Status

 

Unlisted

Tax code

 

0102791086

Total Employees

 

10

Size

 

Small

 

 

ADDRESSES

 

Head Office

Address

 

Room B7A, 4Th Floor, Horizon Hotel, No 40, Cat Linh Street , Dong Da District, Ha Noi City, Vietnam

Telephone

 

(84 - 4) 37367891/2

Fax

 

(84 - 4) 37367893

Note: The full and correct address of the subject like one above.

 

 

DIRECTORS

 

1. NAME

 

Mr. NGUYEN XUAN DANG

Position

 

Director

Date of Birth

 

20 Sep 1979

ID Number/Passport

 

151308756

ID Issue Date

 

26 Apr 1997

ID Issue Place

 

Ha Noi Police

Resident

 

Tan Phu Hong Ly, Vu Thu District, Thai Binh Province, Vietnam

Current resident

 

No 14, Lane 50, Hoang Van Thai Street Khuong Trung Ward, Thanh Xuan District, Ha Noi City, Vietnam

Nationality

 

Vietnamese

Tel/Mobil phone

 

+84 904182257

Email

 

n.x.dang@gmail.com

Note: n.xdang@gmail.com given in the order is not completely correct. The right one is above.

 

2. NAME

 

Mr. TRAN QUOC VINH

Position

 

Deputy Director

Nationality

 

Vietnamese

 

 

BUSINESS NATURE AND ACTIVITIES

 

The subject specialized in trading recycling products.

 

 

IMPORT & EXPORT ACTIVITIES

 

IMPORT:

·         Types of products

 

Singapore, China,...

 

EXPORT:

Notes: Currently, the subject does not export its products. It only distributes goods to other companies which manufactures steel inside the country.

 

 

BANKERS

 

1. VIETNAM TECHNOLOGICAL AND COMMERCIAL JOINT STOCK BANK THANG LONG BRANCH

Address

 

No. 181 Nguyen Luong bang, Dong Da Dist, Ha Noi City, Vietnam

Telephone

 

(84-4) 22208989

Fax

 

(84-4) 22203535

 

 

SHAREHOLDERS
 

1. NAME

 

Mr. NGUYEN XUAN DANG

Position

 

Director

Date of Birth

 

20 Sep 1979

ID Number/Passport

 

151308756

Issued on

 

26 Apr 1997

Issued Place

 

Ha Noi Police

Resident

 

Tan Phu Hong Ly, Vu Thu District, Thai Binh Province, Vietnam

Current Resident

 

No 14, Lane 50, Hoang Van Thai Street Khuong Trung Ward, Thanh Xuan District, Ha Noi City, Vietnam

Email

 

n.x.dang@gmail.com

Mobile phone

 

+84 904182257

Nationality

 

Vietnamese

Percentage

 

100%

 

 

FINANCIAL DATA

Note: The latest financial statements are not available now.

 

 

PAYMENT HISTORY & PERFORMANCE EXPERIENCES

 

Trade Morality

 

Normal

Liquidity

 

N/A

Payment status

 

N/A

Financial Situation

 

Below average

Development trend

 

Stable

Litigation data

 

No Record

Bankruptcy

 

No Record

Payment Methods

 

Through its banks

Sale Methods

 

To contracts

Public opinion

 

Normal

 

 

 

CREDIT INQUIRY: Due to no information about financial data; therefore the maximum credit limit is not given.

 

 

INTERPRETATION ON THE SCORES

 

OTAL RECYCLING COMPANY LIMITED (OTAL CO., LTD) was established in 2008. Currently, the subject is operated under Business Registration No. 0102791086 registered by Ha Noi's Department of Planning and Investment. This is also its tax code. The Current registered capital of the subject is VND 2 billion.

The subject specialized in trading recycling products. It imports from Singapore, China and other countries. After that, the subject distributed goods in domestic market. The head office is located in Room B7A, 4Th Floor, Horizon Hotel, No 40, Cat Linh Street - Dong Da District - Ha Noi City – Vietnam. It is considered at small company with about 10 employees. OTAL CO., LTD is owned and managed by Mr. NGUYEN XUAN DANG, Its facilities and management ability are average.

We tried our best to collect financial statement of the subject but its financial data are not available in our sources. So, it is difficult to comment about financial ability of the subject. However, we guess that its financial ability is considered at small.

In general, the subject is a small company. Its current position in the industry is limited. Currently, the subject only has ability to meet small financial commitments.

 

 

------------ 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.50.57

UK Pound

1

Rs.79.57

Euro

1

Rs.66.49

 

 

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.