|
Report Date : |
07.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
SAGUARO PRODUCTION AND INVESTMENT DEVELOPMENT
TRADING JOINT STOCK COMPANY |
|
|
|
|
Registered Office : |
No. C35 Group 58, Dich Vong Hau Ward, Cau Giay District, Ha Noi City |
|
|
|
|
Country : |
Vietnam |
|
|
|
|
Date of Incorporation : |
27.04.2010 |
|
|
|
|
Com. Reg. No.: |
0104568478 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
trading
construction materials such as: Wall and Floor Tile- ceramic Viglacera,
glass, sanitary ware, taps, bathtub, accessories |
|
|
|
|
No. of Employees : |
20 |
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 – March 31st 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Vietnam |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
vietnam ECONOMIC OVERVIEW
Vietnam is a
densely-populated developing country that has been transitioning from the
rigidities of a centrally-planned economy since 1986. Vietnamese authorities
have reaffirmed their commitment to economic modernization in recent years.
Vietnam joined the World Trade Organization in January 2007, which has promoted
more competitive, export-driven industries. Vietnam became an official
negotiating partner in the Trans-Pacific Partnership trade agreement in 2010.
Agriculture's share of economic output has continued to shrink from about 25%
in 2000 to less than 22% in 2012, while industry's share increased from 36% to
nearly 41% in the same period. State-owned enterprises account for roughly 40%
of GDP. Poverty has declined significantly, and Vietnam is working to create
jobs to meet the challenge of a labor force that is growing by more than one
million people every year. The global recession hurt Vietnam's export-oriented
economy, with GDP in 2012 growing at 5%, the slowest rate of growth since 1999.
In 2012, however, exports increased by more than 18%, year-on-year; several
administrative actions brought the trade deficit back into balance. Between
2008 and 2011, Vietnam's managed currency, the dong, was devalued in excess of 20%,
but its value remained stable in 2012. Foreign direct investment inflows fell
4.5% to $10.5 billion in 2012. Foreign donors have pledged $6.5 billion in new
development assistance for 2013. Hanoi has oscillated between promoting growth
and emphasizing macroeconomic stability in recent years. In February 2011, the
Government shifted policy away from policies aimed at achieving a high rate of
economic growth, which had stoked inflation, to those aimed at stabilizing the
economy, through tighter monetary and fiscal control. Although Vietnam unveiled
a broad, "three pillar" economic reform program in early 2012,
proposing the restructuring of public investment, state-owned enterprises, and
the banking sector, little perceptible progress had been made by early 2013.
Vietnam's economy continues to face challenges from an undercapitalized banking
sector. Non-performing loans weigh heavily on banks and businesses. In
September 2012, the official bad debt ratio climbed to 8.8%, though some
independent analysts believe it could be higher than 15%.
|
Source
: CIA |
SUBJECT IDENTIFICATION &
LEGAL FORM
|
||
|
|
||
|
English Name |
|
SAGUARO PRODUCTION AND INVESTMENT
DEVELOPMENT TRADING JOINT STOCK COMPANY |
|
Vietnamese Name |
|
CONG TY CO PHAN SAN XUAT VA DAU TU PHAT
TRIEN THUONG MAI SAGUARO |
|
Short name |
|
SAGUARO., JSC |
|
Type of Business |
|
Joint stock company |
|
Year Established |
|
2010 |
|
Business Registration No. |
|
0104568478 |
|
Date of Registration |
|
27 Apr 2010 |
|
Place of Registration |
|
Hanoi City Department of Business
Registration |
|
Chartered capital |
|
VND 2,500,000,000 |
|
Status |
|
Unlisted |
|
Tax code |
|
0104568478 |
|
Total Employees |
|
20 |
|
Size |
|
Small |
|
Note: The full name of the subject is as above.
The given one is not exact. |
||
|
|
||
company ADDRESSES
|
||
|
|
||
|
Registration
Address |
||
|
Address |
|
No. C35 Group 58, Dich Vong Hau Ward, Cau
Giay District, Ha Noi City, Vietnam |
|
Telephone |
|
(84-4) 6251 0947 |
|
Fax |
|
(84-4) 6251 0947 |
|
Land-use Right |
|
Owned |
|
Note: This is the private house of Ms. Pham Thi
Thuy- the subject's director. There is no business transaction here. |
||
|
|
||
|
Transaction
office in Ha Noi |
||
|
Address |
|
17T3 building Hoang Dao Thuy Str., Trung
Hoa Nhan Chinh Ward, Cau Giay District, Ha Noi City, Vietnam |
|
Tel/ Mobile Phones |
|
+84 903453939/ +84 973333838 |
|
Email |
|
|
|
Website |
|
|
|
Note:
the subject often uses Tel: (84-4) 35537649 and Fax: (84-4) 3553 7727 that is
belong to Viglacera Corporation - a related company. |
||
|
|
||
|
Other transaction
Office |
||
|
Address |
|
Group 42 Area of Resettlement, Dich Vong
Hau Ward, Cau Giay District, Ha Noi City, Vietnam |
|
Telephone |
|
(84-4) 3768 6388 |
|
Note: Besides, the subject also has a small manufacturing
workshop in Ho Chi Minh City, Vietnam |
||
|
|
||
SUBSIDIARIES AND RELATED
COMPANIES
|
|||
|
|
|||
|
RELATED COMPANY |
|||
|
VIGLACERA CORPORATION |
|||
|
Business Registration |
|
0106000845 |
|
|
Date of Registration |
|
01 Oct 2010 |
|
|
Place of Registration |
|
Hanoi City Department of Business Registration |
|
|
Tax code |
|
0106000845 |
|
|
Address |
|
16-17 Flr Viglacera Tower Building, No. 1, Lang Hoa Lac Road, Trung Hoa
Ward, Cau Giay District, Ha Noi City, Vietnam |
|
|
Telephone |
|
(84-4) 35536660 |
|
|
Fax |
|
(84-4) 35536671 |
|
|
Email |
|
||
|
Website |
|
||
|
|
|||
DIRECTORS
|
|||
|
|
|||
|
NAME |
|
Ms.
PHAM THI THUY |
|
|
Position |
|
Director |
|
|
Date of Birth |
|
04 Apr 1949 |
|
|
ID Number/Passport |
|
010626204 |
|
|
ID Issue Date |
|
12 May 2004 |
|
|
ID Issue Place |
|
Public Securities of
Hanoi City |
|
|
Resident |
|
No. C35, Group 58
Dich Vong Hau Ward, Cau Giay District, Ha Noi City, Vietnam |
|
|
Current resident |
|
No. C35, Group 58 Dich Vong Hau Ward, Cau
Giay District, Ha Noi City, Vietnam |
|
|
Nationality |
|
Vietnamese |
|
|
Tel/Mobile phone |
|
+84 903453939 |
|
|
Email |
|
||
|
|
|||
BUSINESS NATURE AND ACTIVITIES
|
|
|
|
The subject
majored in trading construction materials such as: Wall and Floor Tile-
ceramic Viglacera, glass, sanitary ware, taps, bathtub, accessories... |
|
|
IMPORT & EXPORT ACTIVITIES
|
||
|
|
||
|
IMPORT: |
||
|
·
Types of products |
|
Sanitary ware, construction material |
|
·
Market |
|
China, Vietnam and others |
|
·
Ratio |
|
<100% |
|
·
Mode of payment |
|
TT/ LC |
|
|
||
|
EXPORT: |
||
|
·
Types of products |
|
Wall and Floor Tile- ceramic of Viglacera, glass, sanitary ware, taps,
bathtub, accessories... |
|
·
Market |
|
Russia (mainly) and 40 other countries |
|
·
Mode of payment |
|
TT/LC |
|
|
||
BANKERS
|
||
|
|
||
|
1.
JOINT STOCK COMMERCIAL BANK FOR FOREIGN TRADE OF VIETNAM HA NOI BRANCH |
||
|
Address |
|
No 344 Ba Trieu, Hai Ba Trung District, Ha Noi City, Vietnam |
|
Telephone |
|
(84-4) 39423038 / 39420770 |
|
Fax |
|
(84-4) 38228039 |
|
|
||
|
2.
AGRICULTURE AND RURAL DEVELOPMENT OF VIETNAM |
||
|
Address |
|
51 Kim Ma, Ba Dinh District, Ha Noi City, Vietnam |
|
Telephone |
|
(84-4) 35142567 |
|
Fax |
|
(84-4) 35142043 |
|
|
||
SHAREHOLDERS
|
||
|
|
||
|
1.
NAME |
|
Mr.
NGUYEN VAN DIEN |
|
ID Number/Passport |
|
013258047 |
|
Resident |
|
Group 8 Vinh Thuan Hamlet, Thanh Tri Ward,
Hoang Mai District, Ha Noi City, Vietnam |
|
Nationality |
|
Vietnamese |
|
Number of Shares |
|
50,000 |
|
Value of shares |
|
VND 500,000,000 |
|
Percentage |
|
20% |
|
|
||
|
2.
NAME |
|
Ms.
LE THANH PHUONG |
|
ID Number/Passport |
|
011482785 |
|
Resident |
|
Group 24 Thanh Luong Ward, Hai Ba Trung
District, Ha Noi City, Vietnam |
|
Nationality |
|
Vietnamese |
|
Number of Shares |
|
50,000 |
|
Value of shares |
|
VND 500,000,000 |
|
Percentage |
|
20% |
|
|
||
|
3.
NAME |
|
Ms.
PHAM THI THUY |
|
Position |
|
Director |
|
Date of Birth |
|
04 Apr 1949 |
|
ID Number/Passport |
|
010626204 |
|
Issued on |
|
12 May 2004 |
|
Issued Place |
|
Public Securities of Hanoi City |
|
Resident |
|
No. C35, Group 58 Dich Vong Hau Ward, Cau
Giay District, Ha Noi City, Vietnam |
|
Current Resident |
|
No. C35, Group 58 Dich Vong Hau Ward, Cau
Giay District, Ha Noi City, Vietnam |
|
Email |
|
saguaro@vnn.vn |
|
Mobile phone |
|
+84 903453939 |
|
Nationality |
|
Vietnamese |
|
Number of Shares |
|
150,000 |
|
Value of shares |
|
VND 1,500,000,000 |
|
Percentage |
|
60% |
|
|
||
FINANCIAL DATA
|
|
N/a |
|
Despite our best attempt, the subject’s financial
data is still not available. |
|
|
PAYMENT HISTORY & PERFORMANCE EXPERIENCES
|
||
|
|
||
|
Trade Morality |
|
Normal |
|
Liquidity |
|
N/A |
|
Payment status |
|
N/A |
|
Financial Situation |
|
N/A |
|
Development trend |
|
Developing |
|
Litigation data |
|
No Record |
|
Bankruptcy |
|
No Record |
|
Payment Methods |
|
TT/LC |
|
Sale Methods |
|
Retailer and Wholesaler |
|
Public opinion |
|
Normal |
|
The subject- SAGUARO PRODUCTION AND INVESTMENT
DEVELOPMENT TRADING JOINT STOCK COMPANY was established in 2010 under the
business registration number 0104568478 issued by Hanoi City Department
of Business Registration. It is a small company with the chartered capital of
VND 2,500,000,000 that is contributed by 3 shareholders; the labor workforce
is about 20 people. The subject’s registration
office is at the house of Ms. PHAM THI THUY-the subject’s director at No. C35
Group 58, Dich Vong Hau Ward, Cau Giay District, Ha Noi City, Vietnam.
However all the transactions are taken place at its two transaction offices
in Hanoi city. The subject is specialized in trading construction materials such as: Wall and Floor Tile- ceramic of
Viglacera, glass, sanitary ware, taps, bathtub, accessories...It has a small
workshop in Ho Chi Minh city for making these product or buys these product
from direct manufacturers or imports them as well. It mainly wholesales to
customers. The kinds of product are mainly belong to a famous brand- Viglacera, good quality, thus it can export
to many countries as well. Ms .Thuy said they had export to 40 countries
worldwide, but the main market was Russia.
Ms.
Pham Thi Thuy is an experienced person. She has been working for Viglacera
Corporation- one of big sanitary ware -making corporation in Vietnam for
years. The subject has close relation with this firm as well. In
short, the subject is a young and small firm in the in the industry. The
management is good. The future is bright. Currently, it can meet small credit
transactions. |
|
INDUSTRY DATA |
||||||
|
|
||||||
|
Industry code |
GDP growth speed
by price compared with 1994 (%) |
Total enterprises
2010 |
Total employees
2011 (Thous.pers.) |
Annual average
capital of enterprises 2010 (billion dongs) |
||
|
2012 |
2011 |
|||||
|
Agriculture,
Forestry and Fishing |
2.72 |
4.00 |
8,887 |
24,362.9 |
95,227 |
|
|
Industry and
Construction |
4.52 |
5.53 |
95,217 |
10,718.9 |
3,641,376 |
|
|
Trade and
Services |
6.42 |
6.69 |
187,195 |
15,270.2 |
6,957,082 |
|
|
|
||||||
|
ECONOMIC
INDICATORS |
||||||
|
|
||||||
|
|
2012 |
2011 |
2010 |
|||
|
Population (Million person) |
88.78 |
87.84 |
86.93 |
|||
|
Gross Domestic Products (USD
billion) |
136 |
119 |
102.2 |
|||
|
GDP Growth (%) |
5.03 |
5.89 |
6.78 |
|||
|
GDP Per Capita
(USD/person/year) |
1,540 |
1,300 |
1,160 |
|||
|
Inflation (% Change in
Composite CPI) |
9.21 |
18.58 |
11.75 |
|||
|
State Budget Deficit compared
with GDP (%) |
4.8 |
4.9 |
5.8 |
|||
|
|
||||||
|
SERVICE TRADE
PERFORMANCE |
||||||
|
|
||||||
|
Billion USD |
2012 |
2011 |
2010 |
|||
|
Exports |
114.6 |
96.3 |
72.2 |
|||
|
Imports |
114.3 |
105.8 |
84.8 |
|||
|
Trade Balance |
0.3 |
-9.5 |
-12.6 |
|||
Source: General
Statistics Office
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.87 |
|
UK Pound |
1 |
Rs.87.65 |
|
Euro |
1 |
Rs.74.52 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.