MIRA INFORM REPORT
|
Report Date : |
29.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
MEDICAL BIOMATERIAL AND PHARMACEUTICAL
COMPANY LIMITED |
|
|
|
|
Registered Office : |
31 Ngo Thoi Nhiem
Street, Ward 6 - 3 District - Ho Chi Minh City |
|
|
|
|
Country : |
Vietnam |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
07.03.2007 |
|
|
|
|
Com. Reg. No.: |
4104000565 |
|
|
|
|
Legal Form : |
One Member Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturing and trading of pharmaceutical products |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
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 – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
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
Current legal status
|
||
|
English Name |
|
MEDICAL BIOMATERIAL AND PHARMACEUTICAL COMPANY LIMITED |
|
Vietnamese Name |
|
CONG TY TNHH MOT THANH VIEN DUOC PHAM VA SINH HOC Y TE |
|
Trade name |
|
MEDICAL
BIOMATERIAL AND PHARMACEUTICAL COMPANY LIMITED |
|
Short name |
|
MEBIPHAR
|
|
Type of Business |
|
One member limited liability company |
|
Year Established |
|
1993 |
|
Establishment Decision |
|
105/QD-UB |
|
Date of Issuance |
|
22 Mar 1993 |
|
Place of Issuance |
|
People’s Committee of Hochiminh City |
|
Business Registration No. |
|
4104000565 |
|
Date of Registration |
|
07 Mar 2007 |
|
Place of Registration |
|
Business Registration Office of Hochiminh City |
|
Current registered capital |
|
36,000,000,000 VND |
|
Tax code |
|
0300533351 |
|
Total Employees |
|
300 |
Historical Identification & Legal form
|
List |
Changed Items |
|
1 |
Subject has got former Registered English Name: MEDICAL BIOMATERIAL
& PHARMACEUTICAL FACTORY Changed to: MEDICAL BIOMATERIAL AND
PHARMACEUTICAL COMPANY LIMITED |
|
2 |
Subject has got former Registered Vietnamese Name: XI NGHIEP DUOC
PHAM SINH HOC Y TE Changed to: CONG TY TNHH MOT THANH VIEN DUOC PHAM VA SINH
HOC Y TE |
|
3 |
Subject has got former Type of Business: State Owned enterprise Changed to: One Member Liability Limited Company (State Owned) |
|
4 |
Subject has got former Business Registration No: 4106000271 issued on
August 22nd, 2006 Changed to: 4104000565 issued on 07 Mar 2007 |
|
5 |
Subject has got former registered capital: 2,052,000,000 VND Changed to: 36,000,000,000 VND |
Company ADDRESSES
|
Head Office |
||
|
Address |
|
31 Ngo Thoi Nhiem Street, Ward 6 - 3 District - Ho Chi Minh City -
Vietnam |
|
Telephone |
|
(84-8) 3930 3894 |
|
Fax |
|
(84-8) 3930 3109 |
|
Email |
|
|
|
Website |
|
|
|
|
||
|
Factory Address |
||
|
Address |
|
Lot III-18, Road No.13 Tan Binh Industrial Park, Tay Thanh Ward - Tan
Phu District - Ho Chi Minh City - Vietnam |
|
Telephone |
|
(84-8) 3815 6101 - 3815 6102 - 3815 6103 |
|
Fax |
|
(84-8) 3815 5683 |
|
|
||
|
Branch in Ha Noi |
||
|
Address |
|
148 Giang Vo Street - Ba Dinh District - Ha Noi City - Vietnam |
|
Telephone |
|
(84-4) 3772 1044 |
|
Fax |
|
(84-4) 3772 1044 |
SUBSIDIARIES AND RELATED COMPANIES
|
RELATED COMPANY - MEBIPHAR AUSTRAPHARM
JOINT VENTURE COMPANY |
||
|
Business
Registration |
|
412022000223 |
|
Date of
Registration |
|
05 Sep 2003 |
|
Place of
Registration |
|
Planning And
Investment Department of Hochiminh City |
|
Tax code |
|
022385383 |
|
Address |
|
Lot III18 No.
13 Street, Group 3, Tan Binh Industrial Zone - Tan Binh District - Ho Chi
Minh City - Vietnam |
|
Tel |
|
(84-8) 3815
7017 - 3815 9046 - 3815 7995 |
|
Fax |
|
(84-8) 3842
2801 |
|
Website |
|
|
|
|
||
DIRECTORS
|
NAME |
|
Mr. NGUYEN VAN SON |
|
Position |
|
Director – Legal Representative |
|
ID Number/Passport |
|
023770604 |
|
Resident |
|
17 Nguyen Van Troi Street, Ward 12 - Phu Nhuan
District - Ho Chi Minh City - Vietnam |
|
Nationality |
|
Vietnamese |
|
Qualification |
|
Pharmacist |
BUSINESS NATURE AND ACTIVITIES
|
The subject is specializing in
following activities: ·
Manufacturing and trading of
pharmaceutical products (including production of the franchise.) ·
Manufacturing and trading glasses
and regular glasses. ·
Production and sales of
biological products: surgical suture, biological reagents, biological
materials. ·
Manufacturing and trading of
hygiene products |
IMPORT & EXPORT ACTIVITIES
|
IMPORT: |
||
|
·
Types
of products |
|
Materials and
equipments |
|
·
Market
|
|
EU, Singapore,
Canada… |
|
|
||
|
EXPORT: |
||
|
·
Types
of products |
|
N/A |
BANKERS
|
1. BANK FOR INVESTMENT &
DEVELOPMENT OF VIETNAM |
||
|
Address |
|
No. 117 Nguyen
Hue Str, Ben Nghe Ward - 1 District - Ho Chi Minh City - Vietnam |
|
Telephone |
|
(84-8) 3914
1729 |
|
Fax |
|
(84-8) 3914
1979 |
|
SWIFT Code |
|
BIDVVNVX310 |
|
|
||
|
2. VIET NAM JOINT STOCK
COMMERCIAL BANK FOR INDUSTRY AND TRADE HOCHIMINH CITY BRANCH |
||
|
Address |
|
No.134 Nguyen
Cong Tru - 1 District - Ho Chi Minh City - Vietnam |
|
Telephone |
|
(84-8) 3821
6827 |
|
Fax |
|
(84-8) 3829
8862 |
|
|
||
|
3. VIETNAM AGRICULTURAL &
RURAL DEV. BANK |
||
|
Address |
|
No.2 Vo Van
Ngan Str, Linh Chieu Ward - Thu Duc District - Ho Chi Minh City - Vietnam |
|
Telephone |
|
(84-8) 3896
3096 |
SHAREHOLDERS
|
NAME |
|
SAIGON PHARMACEUTICAL COMPANY
LIMITED |
|
Business
Registration |
|
0300523385 |
|
Date of
Registration |
|
01 Oct 2009 |
|
Place of
Registration |
|
Ho Chi Minh
City Department of Planning and Investment |
|
Registered
Capital |
|
436,548,000,000 VND |
|
Tax code |
|
0300523385 |
|
Address |
|
No. 18-20 Nguyen Truong To Str- Ward 12 - 4 District - Ho Chi Minh City
- Vietnam |
|
Tel |
|
(84-8) 3940 0388, 38254553, 38254554, 39400459 |
|
Fax |
|
(84-8) 3940 1975 |
|
Percentage |
|
100% |
|
|
FINANCIAL HIGHLIGHT
|
BALANCE SHEET |
|
Unit: Million VND
|
|
|
Balance sheet date |
31/12/2009 |
|
Number of weeks |
52 |
|
ASSETS |
|
|
A. Current Asset |
87,858 |
|
Receivables |
42,532 |
|
Inventory |
22,755 |
|
Cash and other
current assets |
22,571 |
|
B. Long term Asset |
44,915 |
|
1. Long term
account receivable |
16,668 |
|
2. Fixed
assets |
28,247 |
|
Tangible fixed
assets |
27,874 |
|
+ Original
cost |
62,719 |
|
+ Accumulated
depreciation value |
34,845 |
|
Financial
leasehold assets |
- |
|
Intangible
fixed assets |
- |
|
Construction
in progress and other long term asset |
373 |
|
TOTAL ASSETS |
132,773 |
|
|
|
|
LIABILITIES |
|
|
Payable loans |
30,440 |
|
Owner’s Equity
|
102,333 |
|
TOTAL LIABILITY AND EQUITY |
132,773 |
|
|
|
|
PROFIT & LOSS STATEMENT |
|
|
|
|
|
Description |
FY2009
|
|
Total Sale |
133,656 |
|
Deduction item
|
0 |
|
Net sale |
133,656 |
|
Costs of goods
sold |
112,818 |
|
Gross
profit |
20,838 |
|
Financial
income |
489 |
|
Financial
expenses |
1,725 |
|
Administrative
overheads & Selling expenses |
9,598 |
|
Net
operating profit |
10,004 |
|
Other income |
0 |
|
Other expenses
|
0 |
|
Other
profit /(loss) |
0 |
|
Total
accounting profit before tax |
10,004 |
|
Income tax |
932 |
|
Profit
after tax |
9,072 |
FINANCIAL DATA
|
BALANCE SHEET |
|
Unit: One VND
|
|
|
Balance sheet date |
31/12/2008 |
|
Number of weeks |
52 |
|
ASSETS |
|
|
A – CURRENT ASSETS |
80,052,718,060 |
|
I. Cash and cash equivalents |
6,702,634,811 |
|
1. Cash |
6,702,634,811 |
|
2. Cash
equivalents |
0 |
|
II. Short-term investments |
0 |
|
1. Short-term
investments |
0 |
|
2. Provisions
for devaluation of short-term investments |
0 |
|
III. Accounts receivable |
45,622,397,039 |
|
1. Receivable
from customers |
36,005,077,076 |
|
2. Prepayments
to suppliers |
1,077,016,854 |
|
3.
Inter-company receivable |
0 |
|
4. Receivable
according to the progress of construction |
0 |
|
5. Other
receivable |
8,540,303,109 |
|
6. Provisions
for bad debts |
0 |
|
IV. Inventories |
26,466,491,507 |
|
1. Inventories
|
26,466,491,507 |
|
2. Provisions
for devaluation of inventories |
0 |
|
V. Other Current Assets |
1,261,194,703 |
|
1. Short-term
prepaid expenses |
0 |
|
2. VAT to be
deducted |
668,412,787 |
|
3. Taxes and other
accounts receivable from the State |
0 |
|
4. Other
current assets |
592,781,916 |
|
B. LONG-TERM ASSETS |
42,268,557,567 |
|
I. Long term account receivable |
0 |
|
1. Long term
account receivable from customers |
0 |
|
2. Working capital
in affiliates |
0 |
|
3. Long-term
inter-company receivable |
0 |
|
4. Other
long-term receivable |
0 |
|
5. Provisions
for bad debts from customers |
0 |
|
II. Fixed assets |
25,433,862,149 |
|
1. Tangible
assets |
24,806,217,530 |
|
- Historical
costs |
56,131,521,735 |
|
- Accumulated
depreciation |
-31,325,304,205 |
|
2. Financial
leasehold assets |
0 |
|
- Historical
costs |
0 |
|
- Accumulated
depreciation |
0 |
|
3. Intangible
assets |
0 |
|
- Initial
costs |
0 |
|
- Accumulated
amortization |
0 |
|
4.
Construction-in-progress |
627,644,619 |
|
III. Investment property |
0 |
|
Historical
costs |
0 |
|
Accumulated
depreciation |
0 |
|
IV. Long-term investments |
10,406,773,314 |
|
1. Investments
in affiliates |
0 |
|
2. Investments
in business concerns and joint ventures |
10,406,773,314 |
|
3. Other
long-term investments |
0 |
|
4. Provisions
for devaluation of long-term investments |
0 |
|
V. Other long-term assets |
6,427,922,104 |
|
1. Long-term prepaid
expenses |
6,427,922,104 |
|
2. Deferred
income tax assets |
0 |
|
3. Other
long-term assets |
0 |
|
TOTAL ASSETS |
122,321,275,627 |
|
|
|
|
LIABILITIES |
|
|
A- LIABILITIES |
28,193,733,237 |
|
I. Current liabilities |
21,317,268,210 |
|
1. Short-term
debts and loans |
0 |
|
2. Payable to
suppliers |
15,047,208,975 |
|
3. Advances
from customers |
3,996,369,373 |
|
4. Taxes and
other obligations to the State Budget |
211,132,171 |
|
5. Payable to
employees |
-27,854,773 |
|
6. Accrued
expenses |
83,301,806 |
|
7.
Inter-company payable |
41,888,000 |
|
8. Payable
according to the progress of construction contracts |
0 |
|
9. Other
payable |
1,965,222,658 |
|
10. Provisions
for short-term accounts payable |
0 |
|
II. Long-Term Liabilities |
6,876,465,027 |
|
1. Long-term
accounts payable to suppliers |
0 |
|
2. Long-term
inter-company payable |
0 |
|
3. Other
long-term payable |
0 |
|
4. Long-term
debts and loans |
6,371,095,028 |
|
5. Deferred
income tax payable |
0 |
|
6. Provisions
for unemployment allowances |
505,369,999 |
|
7. Provisions
for long-term accounts payable |
0 |
|
B- OWNER’S EQUITY |
94,127,542,390 |
|
I. OWNER’S EQUITY |
91,336,994,403 |
|
1. Capital |
55,870,559,798 |
|
2. Share
premiums |
0 |
|
3. Other
sources of capital |
0 |
|
4. Treasury
stocks |
0 |
|
5. Differences
on asset revaluation |
0 |
|
6. Foreign
exchange differences |
0 |
|
7. Business
promotion fund |
2,671,789,360 |
|
8. Financial
reserved fund |
5,257,417,166 |
|
9. Other funds
|
450,882,079 |
|
10. Retained
earnings |
0 |
|
11.
Construction investment fund |
27,086,346,000 |
|
II. Other sources and funds |
2,790,547,987 |
|
1. Bonus and
welfare funds |
2,790,547,987 |
|
2. Sources of expenditure
|
0 |
|
3. Fund to
form fixed assets |
0 |
|
MINORITY’S INTEREST |
0 |
|
TOTAL LIABILITIES AND OWNER’S EQUITY |
122,321,275,627 |
|
PROFIT & LOSS
STATEMENT |
|
|
|
|
|
Description |
FY2008
|
|
1. Total
Sale |
132,273,860,868 |
|
2. Deduction
item |
0 |
|
3. Net sale
|
132,273,860,868 |
|
4. Costs of
goods sold |
113,472,592,677 |
|
5. Gross
profit |
18,801,268,191 |
|
6. Financial income
|
214,772,830 |
|
7. Financial
expenses |
815,769,695 |
|
- In which:
Loan interest expenses |
0 |
|
8. Selling
expenses |
98,613,207 |
|
9.
Administrative overheads |
8,100,942,284 |
|
10. Net
operating profit |
10,000,715,835 |
|
11. Other
income |
0 |
|
12. Other
expenses |
0 |
|
13. Other
profit /(loss) |
0 |
|
14. Total
accounting profit before tax |
10,000,715,835 |
|
15. Current
corporate income tax |
1,268,654,327 |
|
16. Deferred
corporate income tax |
0 |
|
18. Profit
after tax |
8,732,061,508 |
|
FINANCIAL RATIOS AND AVERAGE INDUSTRY
RATIOS |
||
|
|
||
|
Description |
FY2008 |
Average Industry |
|
Current
liquidity ratio |
3.76 |
1.74 |
|
Quick
liquidity ratio |
2.51 |
1.02 |
|
Inventory circle
|
4.29 |
3.74 |
|
Average
receive period |
125.89 |
76.97 |
|
Utilizing
asset performance |
1.08 |
1.31 |
|
Liability by
total asset |
23.05 |
49.32 |
|
Liability by
owner equity |
29.95 |
129.21 |
|
Ebit / Total
asset (ROA) |
8.18 |
8.55 |
|
Ebit / Owner's
equity (ROE) |
10.62 |
18.02 |
|
Ebit / Total
sale (NPM) |
7.56 |
6.82 |
|
Gross profit /
Total sale (GPM) |
14.21 |
21.89 |
|
Note: The Average Industry was calculated by Vietnam Credit
based on our owned statistical data |
||
PAYMENT HISTORY & PERFORMANCE EXPERIENCES
|
Trade Morality |
|
Fair |
|
Liquidity |
|
N/A |
|
Payment status |
|
N/A |
|
Financial
Situation |
|
Average |
|
Development
trend |
|
Positive |
|
Litigation
data |
|
No Record |
|
Bankruptcy |
|
No Record |
|
Payment
Methods |
|
T/T, L/C |
|
Sale Methods |
|
Retailer and
Wholesaler |
|
Public opinion
|
|
Well-known |
INTERPRETATION ON THE SCORES
|
MEBIPHAR
was established since 1993. Starting operation as a factory, after many times
of re-organization, the subject is now a state owned liability limited
company. Subject is operating under business registration No. 4104000565 and
registered capital is VND 36 billion. |
APPENDIXES
|
INDUSTRY DATA |
||||||
|
|
||||||
|
Industry code |
Growth speed (%) |
Total employees 2009 (Thousand) |
Total enterprises |
Annual average capital of enterprises |
||
|
Predict 2010 |
2009 |
|||||
|
Agriculture, Forestry and Fishing |
2.8 |
3.0 |
24,788.5 |
2,399 |
50,530 |
|
|
Trade and Services |
7.5 |
11 |
10,517.9 |
79,181 |
1,754,973 |
|
|
Construction |
7 |
11.3 |
2,692.8 |
17,783 |
248,268 |
|
|
Manufacturing |
12 |
7.6 |
7,591.2 |
30,786 |
967,068 |
|
|
|
||||||
|
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 |
71.6 |
56.6 |
62.9 |
|||
|
Imports |
84 |
68.8 |
76.6 |
|||
|
Trade Balance |
-12.4 |
-12.2 |
-14.6 |
|||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.33 |
|
UK Pound |
1 |
Rs.74.14 |
|
Euro |
1 |
Rs.65.78 |
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.