MIRA INFORM REPORT

 

 

Report Date :

11.05.2012

 

IDENTIFICATION DETAILS

 

Correct Name :

DONG PHUONG IMPORT EXPORT SEAFOOD COMPANY LIMITED 

 

 

Registered Office :

Lot B1310, Street B27, 91B Residential Area, Ninh Kieu District, Can Tho City

 

 

Country :

Vietnam

 

 

Date of Incorporation :

22.05.2009

 

 

Com. Reg. No.:

0308911100

 

 

Legal Form :

One Member Liability Limited Company  

 

 

Line of Business :

Processing, preserving aquatic 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 :

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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

 

DONG PHUONG IMPORT EXPORT SEAFOOD COMPANY LIMITED

Vietnamese Name (registration)

 

CONG TY TNHH MOT THANH VIEN XUAT NHAP KHAU THUY SAN DONG PHUONG

Trade name

 

ü       DONG PHUONG IMPORT EXPORT SEAFOOD COMPANY LIMITED

ü       AFISHDEAL

Short name (registration)

 

DONG PHUONG IMPORT EXPORT SEAFOOD COMPANY LIMITED

Type of Business

 

One member liability limited company

Year Established

 

2009

Business Registration No.

 

0308911100

Date of Registration

 

22 May 2009

Date of 01st Adjustment

 

12 Sep 2009

Place of Registration

 

Business Registration Office- Department of Planning and Investment of Ho Chi Minh City

Tax code

 

0308911100

Total Employees

 

10

 

 

 

company ADDRESSES

 

Head Office

Address

 

Lot B1310, Street B27, 91B Residential Area, Ninh Kieu District, Can Tho City, Vietnam

Telephone

 

(84-710) 6250633

Fax

 

(84-710) 6250633

Email

 

sales@afishdeal.com

Website

 

www.afishdeal.com

 

Registration Address

Address

 

Suite B802, the Manor, No.91 Nguyen Huu Canh Street, Ward 22, Binh Thanh District, Ho Chi Minh City, Vietnam

Tel/Mobil phone

 

+84 918 68 47 97

Fax

 

(84-8) 3514 0769

Note: The given address is not the correct address of the subject

DIRECTORS

 

1. NAME

 

Mr. VO THANH LIEM

Position

 

Representative Person

Date of Birth

 

03 Jul 1969

ID Number/Passport

 

361132890

ID Issue Date

 

04 Aug 1999

Resident

 

64/4A Long Hoa Ward, Binh Thuy District, Can Tho City, Vietnam

Current resident

 

B802, Manor Building, No. 91 Nguyen Huu Canh Street, Ward 22, Binh Thanh District, Ho Chi Minh City, Vietnam

Nationality

 

Vietnamese

Tel/Mobil phone

 

+84 917 707 068

 

2. NAME

 

Ms. VO PHUONG THUY

Position

 

Director

Current resident

 

B802, Manor Building, No. 91 Nguyen Huu Canh Street, Ward 22, Binh Thanh District, Ho Chi Minh City, Vietnam

Nationality

 

Vietnamese

Tel/Mobil phone

 

+84 918 68 47 97

Email

 

lila@afishdeal.com 

 

 

BUSINESS NATURE AND ACTIVITIES

 

The subject registers and operates in:
- Processing, preserving aquatic products
- Trading aquatic products
- Trading material and foodstuff for cattle

 

 

IMPORT & EXPORT ACTIVITIES

 

IMPORT: N/A

 

EXPORT:

·         Types of products

 

Aquatic products

·         Market

 

Columbia, India

 

 

 

BANKERS

 

PETROLIMEX COMMERCIAL JOINT STOCK BANK CAN THO BRANCH

Address

 

No.110 Cach Mang Thang 8 Street, Ninh Kieu District, Can Tho City, Vietnam

Telephone

 

(84-0710) 376 8901 /02/03/04

Fax

 

(84-0710) 376 8905

 

 

SHAREHOLDERS

 

NAME

 

Mr. VO THANH LIEM

Position

 

Representative Person

Date of Birth

 

03 Jul 1969

ID Number/Passport

 

361132890

Issued on

 

04 Aug 1999

Resident

 

64/4A Long Hoa Ward , Binh Thuy District, Can Tho City, Vietnam

Current Resident

 

B802, Manor Building, No. 91 Nguyen Huu Canh Street, Ward 22, Binh Thanh District, Ho Chi Minh City, Vietnam

Mobile phone

 

+84 917 707 068

Nationality

 

Vietnamese

Value of shares

 

VND 500,000,000

Percentage

 

100%

 

FINANCIAL DATA

 

N/A

PAYMENT HISTORY & PERFORMANCE EXPERIENCES

 

Trade Morality

 

Normal

Liquidity

 

N/A

Payment status

 

N/A

Financial Situation

 

Below average

Development trend

 

N/A

Litigation data

 

No Record

Bankruptcy

 

No Record

Payment Methods

 

Through the banks

Sale Methods

 

Retailer and Wholesaler

Public opinion

 

Normal

 

 

CREDIT INQUIRY: N/A

 

 

INTERPRETATION ON THE SCORES

 

DONG PHUONG IMPORT EXPORT SEAFOOD COMPANY LIMITED was established in 2009 under the Business Registration No. 0308911100 with registered capital of VND 500 million.

Head office of the subject is registered locating at “Suite B802 Building Manor, No.91 Nguyen Huu Canh Street, Ward 22, Binh Thanh District, Ho Chi Minh City” where is also the private home of Ms. Vo Phuong Thuy – director of the subject. However, all its operations of the subject are taken place at “Lot B1310, Street B27, 91B Residential Area, Ninh Kieu District, Can Tho City”.

The subject is operating as a broker of aquatic products, especially Pangasius fish. It collects goods from domestic manufacturers and exports to South America, India, Afghanistan… Its main supplier is for CASEAMEX.

In overview, the subject is a small company in this field. It has capability to meet small transactions.

 

 

 

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.53.34

UK Pound

1

Rs.86.11

Euro

1

Rs.69.07

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.