MIRA INFORM REPORT

 

 

Report Date :

27.03.2012

 

IDENTIFICATION DETAILS

 

Name :

NGUYEN VAN THANH COMPANY LIMITED

 

 

Registered Office :

No. 183-185, Ta Uyen Street - Ward 4, 11 District, Ho Chi Minh City

 

 

Country :

Vietnam

 

 

Year of Establishment :

2004

 

 

Com. Reg. No.:

0303247623

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

The subject specializes in trading chemical.

 

 

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 :

Moderate

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

 

Current legal status

English Name

 

NGUYEN VAN THANH COMPANY LIMITED

Vietnamese Name

 

CONG TY TNHH NGUYEN VAN THANH

Type of Business

 

Limited liability company

Year Established

 

2004

Business Registration No.

 

0303247623

Date of Registration

 

01 Apr 2011

Place of Registration

 

Business Registration Office of Ho chi Minh City

Current registered capital

 

VND 5,400,000,000

Tax code

 

0303247623

Total Employees

 

10

 

Historical Identification & Legal form

 

List

Changed Items

Date of changes

1

Subject has got former Business Registration No: 4102021485 issued on 27 Apr 2004 Changed to: 0303247623

01 Apr 2011

2

Subject has got former Registered English Name: QUANG VAN THANH COMPANY LIMITED

Changed to: NGUYEN VAN THANH COMPANY LIMITED

-

3

Subject has got former Registered Vietnamese Name: CONG TY TNHH QUANG VAN THANH

Changed to: CONG TY TNHH NGUYEN VAN THANH

-

 

 

ADDRESSES

 

Head Office

Address

 

No. 183-185, Ta Uyen Street - Ward 4, 11 District, Ho Chi Minh City, Vietnam

Telephone

 

(84-8) 3855 0835 - 3855 0835

Fax

 

(84-8) 3955 3706

 

Branch in Ho Chi Minh

Address

 

No. 106, Ta Uyen Street - Ward 4, 11 District, Ho Chi Minh City, Vietnam

Telephone

 

(84-8) 3855 0835

 

 

DIRECTORS

 

1. NAME

 

Ms. NGUYEN THI HONG PHUONG

Position

 

Director

Date of Birth

 

06 Jun 1961

ID Number/Passport

 

020396870

ID Issue Date

 

10 Jun 1994

ID Issue Place

 

Police Station of Hochiminh City

Current resident

 

104 Ta Uyen Street Ward 4, 11 District, Ho Chi Minh City, Vietnam

Nationality

 

Vietnamese

Qualification

 

Management

 

2. NAME

 

Mr. NGUYEN ANH TUAN

Position

 

Deputy Director

ID Number/Passport

 

023437646

ID Issue Place

 

Police Station of Hochiminh City

Current resident

 

No. 104 Ta Uyen Street - Ward 4 , 11 District, Ho Chi Minh City, Vietnam

Nationality

 

Vietnamese

Qualification

 

Management

 

 

BUSINESS NATURE AND ACTIVITIES

 

The subject specializes in trading chemical.

 

 

IMPORT & EXPORT ACTIVITIES

 

IMPORT:

·         Market

 

China, EU, Japan

Note: Currently, the subject does not import

 

EXPORT:

Note: N/A

 

 

BANKERS

 

1. BANK FOR INVESTMENT AND DEVELOPMENT OF VIETNAM SAI GON BRANCH

Address

 

No.503-505 Nguyen Trai Street - No.7 ward, 5 District, Ho Chi Minh City, Vietnam

Telephone

 

(84-8) 3855 0330

 

2. VIET NAM JOINT STOCK COMMERCIAL BANK FOR INDUSTRY AND TRADE NO.5 BRANCH

Address

 

No.218 Tran Hung Dao B, 5 District, Ho Chi Minh City, Vietnam

Telephone

 

(84-8) 3855 2613

 

 

SHAREHOLDERS
 

1. NAME

 

Ms. NGUYEN THI HONG PHUONG

Position

 

Director

Date of Birth

 

06 Jun 1961

ID Number/Passport

 

020396870

Issued on

 

10 Jun 1994

Issued Place

 

Police Station of Hochiminh city

Current Resident

 

104 Ta Uyen Street Ward 4, 11 District, Ho Chi Minh City, Vietnam

Nationality

 

Vietnamese

Value of shares

 

VND 4,320,000,000

Percentage

 

80%

 

2. NAME

 

Mr. NGUYEN ANH TUAN

Position

 

Deputy Director

ID Number/Passport

 

023437646

Issued Place

 

Police Station of Hochiminh city

Current Resident

 

104 Ta Uyen Street - Ward 4 , 11 District, Ho Chi Minh City, Vietnam

Nationality

 

Vietnamese

Value of shares

 

VND 810,000,000

Percentage

 

15%

 

3. NAME

 

Ms. NGUYEN THI HONG KIEU OANH

ID Number/Passport

 

022084488

Current Resident

 

86/8 Ho Bieu Chanh Street Ward 11, Phu Nhuan District, Ho Chi Minh City, Vietnam

Nationality

 

Vietnamese

Value of shares

 

VND 270,000,000

Percentage

 

5%

 

 

FINANCIAL DATA

Not Available!

 

 

PAYMENT HISTORY & PERFORMANCE EXPERIENCES

 

Trade Morality

 

Fair

Liquidity

 

N/A

Payment status

 

N/A

Financial Situation

 

Below average

Development trend

 

N/A

Litigation data

 

No Record

Bankruptcy

 

No Record

Payment Methods

 

By cash or through the bank.

Sale Methods

 

Retailer and Wholesaler

Public opinion

 

Normal

 

 

 

INTERPRETATION ON THE SCORES

 

The subject was established in year 2004. Its former name was Quang Van Thanh Company Limited.  Recently, it has been renamed NGUYEN VAN THANH COMPANY LIMITED. Its current registration capital is VND 5.4 billion. The subject now operates in trading chemical, silicon, textile and dye.

Head office is located at No.183-185 Ta Uyen Street – Ward 4 –Dist 5 – Ho Chi Minh City. The subject also registered having a branch locating at No.106 Ta Uyen Street – Ward 4 –Dist 5 – Ho Chi Minh city. Although it has been registered as a branch, the house at this address is dirty, small and old and we could not see any activity when we came there. The head office of the subject is a big house but really dark.

Currently, subject imports goods from EU, Japan and China and sells them in domestic market, especially in Hochiminh City market. The subject scale is small and its management capacity is limited which run by Ms. Nguyen Thi Hong Phuong – one of shareholders of subject.

We tried to collect more information but we were stuck. In general, the subject is graded at B. Caution needed with all transactions with this 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)

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.51.30

UK Pound

1

Rs.81.36

Euro

1

Rs.67.97

 

 

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.