MIRA INFORM REPORT

 

 

Report Date :           

13.03.2012

 

IDENTIFICATION DETAILS

 

Name :

REALM FASHION SPORT COMPANY LIMITED 

 

 

Registered Office :

116 Nguyen Trai Street, Ben Thanh Ward, 1 District, Ho Chi Minh City

 

 

Country :

Vietnam

 

 

Date of Incorporation :

14.06.2010

 

 

Com. Reg. No.:

0309999884

 

 

Legal Form :

One Member Liability Limited Company

 

 

Line of Business :

trading in fashion products of famous manufacturers in the world, including footwear, clothes, bags, accessories

 

 

No. of Employees :

50

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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

 

English Name

 

REALM FASHION SPORT COMPANY LIMITED

Vietnamese Name

 

CONG TY TNHH MOT THANH VIEN VUONG QUOC THOI TRANG THE THAO

Short name

 

RFS CO., LTD

Type of Business

 

One member liability limited company

Year Established

 

2010

Business Registration No.

 

0309999884

Date of Registration

 

14 Jun 2010

Place of Registration

 

Business Registration Office of Hochiminh City

Current registered capital

 

VND 15,000,000,000

Tax code

 

0309999884

Total Employees

 

50

 

 

company ADDRESSES

 

Head Office

Address

 

137 Nguyen Trai Street, Ben Thanh Ward, 1 District, Ho Chi Minh City, Vietnam

Telephone

 

(84-8) 3833 1931

Fax

 

(84-8) 3925 2748

 

Registration Address

Address

 

116 Nguyen Trai Street, Ben Thanh Ward, 1 District, Ho Chi Minh City, Vietnam

Telephone

 

(84-8) 3925 9478

Note: The given address (166, Nguyen Trai…) is incorrect.

 

Branch in Binh Duong

Address

 

G10-11 Becamex Tower, 230 Binh Duong Avenue, Phu Hoa Ward , Thu Dau Mot City, Binh Duong Province, Vietnam

 

Store

Address

 

Lot B1 -17 Vincom Center, 72 Le Thanh Ton Street, Ben Nghe Ward , 1 District, Ho Chi Minh City, Vietnam

 

Store

Address

 

121 Nguyen Trai Street, Ben Thanh Ward , 1 District, Ho Chi Minh City, Vietnam

 

Store

Address

 

To -10114 Floor 1st, Nowzone Trading Center, 235 Nguyen Van Cu Street, Nguyen Cu Trinh Ward , 1 District, Ho Chi Minh City, Vietnam

 

 

SUBSIDIARIES AND RELATED COMPANIES

 

RELATED COMPANY - HOANG PHUC INTERNATIONAL COMPANY LIMITED

Business Registration

 

0304929114

Tax code

 

0304929114

Address

 

137 Nguyen Trai Street, Ben Thanh Ward , 1 District, Ho Chi Minh City, Vietnam

Tel

 

(84-8) 3925 2750 - 3925 9477

Fax

 

(84-8) 3925 2748

Website

 

www.hoangphucvietnam.com 

 

 

DIRECTORS

 

NAME

 

Ms. LE THI NGOC LINH

Position

 

Director – Legal Representative

Date of Birth

 

16 Oct 1971

ID Number/Passport

 

022104244

ID Issue Date

 

10 Jul 2007

ID Issue Place

 

Police Station of Hochiminh City

Resident

 

413/8 Nguyen Kiem Street, Ward 9 , Phu Nhuan District, Ho Chi Minh City, Vietnam

Nationality

 

Vietnamese

Qualification

 

Management

 

BUSINESS NATURE AND ACTIVITIES

 

 

The subject specializes in trading in fashion products of famous manufacturers in the world, including footwear, clothes, bags, accessories...

 

 

IMPORT & EXPORT ACTIVITIES

 

IMPORT:

·         Types of products

 

Products

·         Market

 

USA, EU countries

 

EXPORT:

·         Types of products

 

N/A

 

 

 

BANKERS

 

1. VIETNAM EXPORT IMPORT COMMERCIAL JOINT STOCK BANK SAI GON BRANCH

Address

 

No.28-30 Huynh Thuc Khang Street, Ben Nghe Ward, 1 District, Ho Chi Minh City, Vietnam

Telephone

 

(84-8) 3914 3152 - 3914 3669

Fax

 

(84-8) 3914 3150

 

2. JOINT STOCK BANK FOR FOREIGN TRADE OF VIETNAM HO CHI MINH BRANCH

Address

 

No. 29 Ben Chuong Duong Str-Nguyen Thai Binh Ward, 1 District, Ho Chi Minh City, Vietnam

Telephone

 

(84-8) 3825 1317

Fax

 

(84-8) 3829 7228

 

3. HSBC BANK (VIET NAM) LTD

Address

 

Metropolitan Building, No. 235 Dong Khoi - Ben Nghe Ward, 1 District, Ho Chi Minh City, Vietnam

Telephone

 

(84-8) 3829 2288

Fax

 

(84-8) 3823 0530

 

SHAREHOLDERS

 

1. NAME

 

Ms. LE THI NGOC LINH

Position

 

Director – Legal Representative

Date of Birth

 

16 Oct 1971

ID Number/Passport

 

022104244

Issued on

 

10 Jul 2007

Issued Place

 

Police Station of Hochiminh City

Resident

 

413/8 Nguyen Kiem Street, Ward 9 , Phu Nhuan District, Ho Chi Minh City, Vietnam

Nationality

 

Vietnamese

Value of shares

 

VND 15,000,000,000

Percentage

 

100%

 

 

FINANCIAL DATA

 

Not available!

 

 

 

PAYMENT HISTORY & PERFORMANCE EXPERIENCES

 

Trade Morality

 

Normal

Liquidity

 

N/A

Payment status

 

N/A

Financial Situation

 

Average

Development trend

 

Even

Litigation data

 

No Record

Bankruptcy

 

No Record

Payment Methods

 

Direct payment or through its corresponding bank

Sale Methods

 

Retailer

 

 

 

 

INTERPRETATION ON THE SCORES

 

The subject - REALM FASHION SPORT COMPANY LIMITED - was established in middle of 2010. The subject is now operating under business registration No. 0309999884 issued by Business Registration Office of Hochiminh City. Its registered capital is VND 15 billion. Ms. Le Thi Ngoc Linh is the owner and director of the subject.

The subject specializes in trading in fashion products of famous manufacturers in the world, including footwear, clothes, bags, accessories... Kappa, Dr. Martens, Skechers, Replay, Unltd… are some brand of the subject. The subject has many stores in Hochiminh city and Binh Duong province. These products are imported from foreign countries such as USA and EU.

The subject registered its head office at 116 Nguyen Trai Street, Ben Thanh Ward , 1 District, Ho Chi Minh City, Vietnam. In fact, this place is the store of Hoang Phuc International Co., Ltd (Hoang Phuc). Now the main office of the subject is located at 137 Nguyen Trai Street, Ben Thanh Ward , 1 District, Ho Chi Minh City, Vietnam. This is also the office of Hoang Phuc. As the subject’s staff, the subject and Hoang Phuc are related with each other. Both companies operate in the same field, having the same workforce and office. The subject was established in order to support Hoang Phuc in import activity. So, although the subject has just operated for a short time, the subject has good relationships with clients and partners.
In overview, the subject is on the way of development. Its future prospect seem to be optimistic. It has capacity to meet small business transaction.

 

 

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.49.94

UK Pound

1

Rs.78.25

Euro

1

Rs.65.39

 

 

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.