MIRA INFORM REPORT
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Report Date : |
10.03.2012 |
IDENTIFICATION DETAILS
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Correct Name : |
HA UYEN COMPANY LIMITED |
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Registered Office : |
No. 10B Dan Tien Street, Hoa Lac Ward, Mong Cai City, Quang Ninh Province |
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Country : |
Vietnam |
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Financials (as on) : |
31.12.2009 |
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Year of Establishment : |
2006 |
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Com. Reg. No.: |
5700623577 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
import for re-export and trading agricultural products, mining
equipments and automobile tires |
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No. of Employees
: |
32 |
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 |
bn1 |
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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 |
Current legal status
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Registered English Name |
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HA UYEN COMPANY LIMITED |
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Registered Vietnamese Name |
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CONG TY TNHH HA UYEN |
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Registered short name |
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HA UYEN CO.,LTD |
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Type of Business |
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Limited liability company |
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Year Established |
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2006 |
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Business Registration No. |
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5700623577 |
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Date of Registration |
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25 Jun 2009 |
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Place of Registration |
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Quang Ninh Department of Planning and
Investment |
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Current registered capital |
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VND 1,850,000,000 |
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Status |
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Unlisted |
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Tax code |
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5700623577 |
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Total Employees |
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32 |
Historical
Identification & Legal form
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List |
Changed Items |
Date of changes |
|
1 |
Subject has got former Business
Registration No: 2202001429 Changed to: 5700623577 |
25
Jun 2009 |
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Head Office |
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Address |
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No. 01 Dan Tien Street, Hoa Lac Ward, Mong
Cai City, Quang Ninh Province, Vietnam |
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Telephone |
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(84-33) 3772047 /+84 906125888 |
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Fax |
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(84-33) 3772047 |
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Note |
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The
full address of the subject is as above. |
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Registration
Address |
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|
Address |
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No. 10B Dan Tien Street, Hoa Lac Ward,
Mong Cai City, Quang Ninh Province, Vietnam |
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Telephone |
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(84-33) 3772092 |
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Note |
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This
is also the address of the director’s private house. |
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1.
NAME |
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Mr.
PHAM VAN LUAN |
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Position |
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Director |
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Date of Birth |
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15 Sep 1978 |
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ID Number/Passport |
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186123053 |
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ID Issue Date |
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07 Sep 2001 |
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ID Issue Place |
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Nghe An Police Dept |
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Resident |
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No. 10B Dan Tien
Street, Hoa Lac Ward, Mong Cai City, Quang Ninh Province, Vietnam |
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Current resident |
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No. 10B Dan Tien Street, Hoa Lac Ward,
Mong Cai City, Quang Ninh Province, Vietnam |
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Nationality |
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Vietnamese |
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Tel/Mobil phone |
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+(84-33) 3772092/ +84 906125888 |
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The
company specializes in temporary import for re-export and trading
agricultural products, mining equipments and automobile tires. |
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IMPORT: |
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·
Types of products |
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Agricultural products, mining equipments |
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·
Market |
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India and South African Countries |
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·
Mode of payment |
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TT, LC |
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EXPORT: |
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·
Types of products |
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Finished Products |
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·
Market |
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China |
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1.
VIETNAM INTERNATIONAL COMMERCIAL JOINT STOCK BANK MONG CAI BRANCH |
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Address |
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No.9 Hung Vuong Street-Tran Phu, Mong Cai City, Quang Ninh Province,
Vietnam |
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Telephone |
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(84-033) 3886816 |
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Fax |
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(84-033) 3882777 |
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1.
NAME |
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Mr.
PHAM VAN LUAN |
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Position |
|
Director |
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Date of Birth |
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15 Sep 1978 |
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ID Number/Passport |
|
186123053 |
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Issued on |
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07 Sep 2001 |
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Issued Place |
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Nghe An Police Dept |
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Resident |
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No. 10B Dan Tien Street, Hoa Lac Ward,
Mong Cai City, Quang Ninh Province, Vietnam |
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Current Resident |
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No. 10B Dan Tien Street, Hoa Lac Ward,
Mong Cai City, Quang Ninh Province, Vietnam |
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Home phone |
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+(84-33) 3772092 |
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Mobile phone |
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+84 906125888 |
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Nationality |
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Vietnamese |
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Value of shares |
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VND 1,054,500,000 |
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Percentage |
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57% |
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2.
NAME |
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Mr.
HA QUOC DOANH |
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ID Number/Passport |
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101015927 |
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Resident |
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Group 20 Hoa Lac Ward, Mong Cai City,
Quang Ninh Province, Vietnam |
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Nationality |
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Vietnamese |
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Value of shares |
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VND 795,500,000 |
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Percentage |
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43% |
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BALANCE
SHEET |
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Unit: Million VND
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Balance sheet
date |
31/12/2009 |
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Number of weeks |
52 |
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ASSETS |
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A. Current Asset
|
7,166 |
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Receivables |
0 |
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Inventory |
54 |
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Cash and other
current assets |
7,112 |
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B. Long term
Asset |
324 |
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1. Long term
account receivable |
0 |
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2. Fixed assets |
324 |
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Tangible fixed assets |
324 |
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+ Original cost |
324 |
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+ Accumulated depreciation value |
0 |
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Financial leasehold assets |
0 |
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Intangible fixed assets |
0 |
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Construction in progress and other long term asset |
0 |
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TOTAL ASSETS |
7,490 |
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LIABILITIES |
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Payable loans |
6,746 |
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Owner’s Equity |
744 |
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TOTAL LIABILITY
AND EQUITY |
7,490 |
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PROFIT & LOSS STATEMENT |
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1. Total Sales |
7,759 |
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2. Deduction item |
0 |
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3. Net sale |
7,759 |
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4. Costs of goods sold |
7,662 |
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5. Gross profit |
97 |
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6. Financial income |
0 |
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7. Financial expenses |
0 |
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8. Selling expenses and Administrative overheads |
66 |
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9. Net operating profit |
31 |
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10. Other income |
0 |
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11. Other expenses |
25 |
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12. Other profit /(loss) |
-25 |
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13. Total accounting profit before tax |
6 |
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14. Current corporate income tax |
3 |
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15. Deferred corporate income tax |
0 |
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16. Interest from subsidiaries/related companies |
0 |
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17. Profit after tax |
3 |
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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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Stable |
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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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TT, LC |
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Sale Methods |
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Wholesaler |
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Public opinion |
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Normal |
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The
subject was established in 2006 following the business registration No.
2202001429 issued by Quang Ninh Department of Planning and Investment.
Currently, it is operating under the business registration No. 5700623577
which is the same with the company's tax code. The
subject's registration address is at No. 10B, Dan Tien Street, Hoa Lac Ward,
Mong Cai City, Quang Ninh Province, Viet Nam where is the private house of
Mr. Pham Van Luan - the subject's director. Its head office is located at No.
01, Dan Tien Street, Hoa Lac Ward, Mong Cai City, Quang Ninh Province.
According to Mr. Pham Van Luan, the subject also has a transaction office in
Hai Phong City, Viet Nam. The company has about 32 employees in total. It
specializes in temporary import for re-export and trading field. According to
Mr. Pham Van Luan, the subject focuses on trading agricultural products. In
addition, it also trades automobile tires and mining equipments. Its import
markets are India and South African Countries, etc. The main export market is
China. The
company's financial situation is considered average. This is a small sized
company in the industry. In 2009, the subject's total sales were accounted
for VND 7.8 billion. According to Mr. Pham Van Luan, the number of total
sales in 2010 and 2011 were bigger than in 2009, but he did not reveal the
exact number. In
general, the subject has capacity to meet small financial commitments. |
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Note:
The subject is operating in temporary
import for re-export and trading field. Its products include agricultural
products, automobile tires and mining equipments. According to Mr. Pham Van
Luan, the main products are agricultural products such as: sesame seeds,
peanut, chilly, cumin seeds, etc. |
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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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2011 |
2010 |
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Agriculture,
Forestry and Fishing |
4.00 |
2.78 |
8,749 |
23,896.3 |
81,559 |
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Industry and
Construction |
5.53 |
7.70 |
85,115 |
10,630 |
2,751,975 |
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Trade and Services |
6.69 |
7.52 |
154,978 |
14,522 |
4,939,069 |
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ECONOMIC
INDICATORS |
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2011 |
2010 |
2009 |
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Population (Million person) |
87.84 |
86.93 |
86.02 |
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Gross Domestic Products (USD billion) |
119 |
102.2 |
91 |
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GDP Growth (%) |
5.89 |
6.78 |
5.32 |
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GDP Per Capita (USD/person/year) |
1,300 |
1,160 |
1,080 |
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Inflation (% Change in Composite CPI) |
18.58 |
11.75 |
6.88 |
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State Budget Deficit compared with GDP (%) |
4.9 |
5.8 |
6.9 |
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SERVICE TRADE
PERFORMANCE |
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Billion USD |
2011 |
2010 |
2009 |
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Exports |
96.3 |
72.2 |
57.1 |
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Imports |
105.8 |
84.8 |
69.9 |
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Trade Balance |
-9.5 |
-12.6 |
-12.8 |
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Source: General
Statistics Office
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.02 |
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UK Pound |
1 |
Rs.79.00 |
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Euro |
1 |
Rs.66.18 |
RATING EXPLANATIONS
|
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 |
|
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.