MIRA
INFORM REPORT
|
Report Date : |
26.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
MINH PHU SEAFOOD CORP |
|
|
|
|
Registered Office : |
Industrial Zone Ward 8 Ca Mau City Ca Mau Province |
|
|
|
|
Country : |
Viet Nam |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
14.12.1992 |
|
|
|
|
Legal Form : |
Public Independent |
|
|
|
|
Line of Business : |
Seafood Processing |
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Viet Nam |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name and address
Minh Phu Seafood Corp
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||
Business
Description
|
Minh Phu Seafood Corporation, formerly Minh Phu Seafood Joint Stock
Company, is a Vietnam-based company engaged in the seafood processing
industry. The Company is engaged in the processing and export of fresh,
frozen and processed shrimps supplied by farms operated and managed by
itself. The Company also trades supplies, machinery, biochemicals,
aquaculture feeds and aquatic animal breeds for the aquaculture industry. It
imports materials, supplies, machinery and equipment for its processing
activities. Other activities include the investment in infrastructure
development, real estate trading and leasing of apartment and office
buildings. As of December 31, 2010, the Company had eight subsidiaries and
one affiliate. For three months ended 31 March 2011, Minh Phu Seafood Joint
Stock Company's revenue increased 89% to VND1.255T. Net income increased 27%
to VND48.92B. Revenues reflected higher sales volumes from overall business
operation. Net income was partially offset by decrease in non-operating
income and increase in financial, selling, general & administrative
expense. Company engaged in the seafood processing industry. |
|
|
|
|
Industry
|
Industry |
Food Processing |
|
ANZSIC 2006: |
1120 - Seafood Processing |
|
NACE 2002: |
1520 - Processing and preserving of fish
and fish products |
|
NAICS 2002: |
311712 - Fresh and Frozen Seafood
Processing |
|
UK SIC 2003: |
1520 - Processing and preserving of fish
and fish products |
|
US SIC 1987: |
2092 - Prepared Fresh or Frozen Fish and Seafoods
|
Key Executives
|
Significant Developments
|
|||||||||||||||||||||||||
|
* number of significant developments within the last 12 months |
|
||||||||||||||||||||||||
News
|
Financial Summary
|
|
|
Stock Snapshot
|
|
1 - Profit & Loss Item Exchange Rate: USD 1 = VND 19140.13
2 - Balance Sheet Item Exchange Rate: USD 1 = VND 19497.5
Corporate Overview
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
Executives Report
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Significant Developments
|
|
|
VIETNAM'S CA MAU
PROVINCE LOOKS TO INCREASE SHRIMP EXPORTS
Asia Pulse Businesswire: 17 February 2011
[What follows is the full text of the news story.]
HANOI, Feb 17Asia
Pulse - Vietnam's southernmost province of Ca Mau, which leads the country in
shrimp farming, is likely to increase exports of the this year, experts say.
The province's
shrimp exports reached a record high of US$800 million last year, according to
the province's Department of Agriculture and Rural Development.
Ngo Thanh Linh,
deputy head of the department's Planning and Finance Division, said:
"There are many positive signs for the export of this product [shrimp] in
2011. The clearest sign is that the export volume and value of shrimp so far
this year have increased compared to the same period last year." Le Van
Quang, general director of the Minh Phu Seafood Joint Stock Company, which led
the country in shrimp exports last year, said they signed contracts last month
to ship 2,000 tonnes of shrimp of various kinds.
Last year, the
company exported 23,871 tonnes of shrimp worth $248 million, exceeding its
annual target by 50 per cent.
Experts have also
said that the export price of shrimp is likely to increase in the coming
months, because of rising world demand and output declines in several exporting
countries.
The price of
shrimp in the Cuu Long (Mekong) Delta is now VND250,000-260,000 a kilo compared
to about VND220,000 at the end of last year.
Ly Van Thuan,
general secretary of the Ca Mau Association of Seafood Exporters and Producers
(CASEP), said to ensure that shrimp export remains stable in 2011, seafood
processors would need to maintain their existing markets, especially large ones
like the US, Japan and the EU, and at the same time, expand potential markets
like mainland China, South Korea and Australia.
The processors
should also upgrade their technology towards increasing the value of export
products, he said.
The province has
35 seafood processors that are operating at about 45 per cent of capacity
because of a shortage of raw material, according to CASEP.
However, Nguyen
Thi Tuyet, general director of the Ca Mau Frozen Seafood Processing
Import-Export Corporation, said this situation was normal.
"There is a
severe shortage of shrimp in the first quarter of every year as farmers have
harvested their main shrimp crop and are preparing their ponds for a new
crop," Tuyet said.
The province's
Department of Agriculture and Rural Development plans an output of 105,000
tonnes of shrimp this year to supply processing facilities.
Under the plan,
the province will develop large shrimp cultivation areas using advanced
technology, control diseases, maintain shrimp-feed hygiene and safety, and
protect the environment.
Nguyen Huu Thanh,
general director of the Ocean Food Corporation, said good planning, the use of
advanced technology, and the increase in prices of shrimp would encourage more
investment in shrimp farming.
When the shortage
of shrimp was overcome, exports would stabilise and increase further, he said.
The province now
has more than 265,000ha devoted to shrimp breeding, with extensive farming
model accounting for 99.4 per cent and industrial farming for just 0.55 per
cent.
(VNA) ry
17-02 1646
Vietnam's MPSC
says US$46mln shrimp plant to be ready in April
Asia In Focus: 17 February 2011
[What follows is the full text of the news story.]
HANOI, Feb 17 Asia
in Focus - Vietnam's MINH PHU SEAFOOD COMPANY said its 1 trillion VND (US$46.5
million) Minh Phu-Hau Giang plant should become operational in April. The plant
will be able to process 40,000 tonnes of processed shrimp per year, according
to Le Van Diep, deputy director of MPC.
* He said the
plant will use the latest technology to reduce material waste and production
time, so reducing costs.
* MPC exported
1,662 tonnes of shrimp in 2010 and reached an export turnover of US$19.8
million, a year-on-year increase of 70.16 per cent in volume and 106.23 per
cent in value.
ASIA IN FOCUS ms
17-02 1308
VIETNAMESE
NEWSPAPER HIGHLIGHTS - FEB 16, 2011
Asia Pulse Businesswire: 16 February 2011
[What follows is the full text of the news story.]
HANOI, Feb 16Asia
Pulse - Highlights of today's newspapers:
ALL DAILIES:
- Prime Minister
Nguyen Tan Dung: State-owned groups and corporations need to achieve the growth
target of 15 per cent.
NHAN DAN:
- Vietnam - one of
the fastest growing aviation market. According to the International Air
Transport Association (IATA), the number of air travellers will increase by
around 800 million from now until 2014, of which Vietnam accounts for 25 per
cent.
- ADB pledges US$1
billion loan for development of Vietnam's water supplies.
HANOI MOI:
- Exhibition of
books, photos and fine arts from the Democratic People's Republic of Korea
opens in Hanoi.
- Coffee exports
fail to catch up with strengths.
- VND850 billion
earmarked for national-scale survey and inventory of forests.
QUAN DOI NHAN DAN:
- Promoting
military scientific-technological cooperation between Vietnam and Russia.
SAIGON GIAI PHONG:
- Foreign exchange
market stabilises. On Feb. 15, the State Bank of Vietnam lowered inter-bank
exchange rate by VND10 from VND20,713 per US$ to 20,703 VND per US$.
- Hoang Anh Gia
Lai (HAGL) to build US$145 million hydroelectric power plant in Laos.
THOI BAO KINH TE
VIETNAM:
- Mobilising
capital through stock exchanges: Shares of real estate firms promise a future
in 2011.
- Aviation
industry booms in Vietnam. According to Cindy Lam, Cathay Pacific Airways's
Country Manager in Vietnam, competition will be an essential factor to help the
country's aviation market flourish in the years to come.
TUOI TRE:
- Leasing company
to promote Vietnam's tourism. For the first time, the Vietnam National
Administration of Tourism will lease a consultancy company to draw up tourism
marketing plans for Vietnam in the near future.
SAI GON TIEP THI:
- 2011: A start of
a new price hike period? A new price hike circle begins in 2011, with a 9.3 per
cent rise in inter-bank VND/US$ exchange rate and plans to raise prices of
electricity, petroleum and coal.
NONG THON NGAY
NAY:
- Severe drought
await winter-spring crop. According to the Irrigation Directorate, 2011 will
see prolonged and the most severe drought in the past 100 years.
TIN TUC:
- The Asian
Development Bank (ADB) will finance a number of agricultural and rural
development projects in Vietnam this year, to the tune of hundreds of millions
of US dollars. Noteworthy is the Northern Chu and Southern Ma Rivers Irrigation
Project, with combined investment capital of US$115 million, including US$80
million sourced from an ADB loan, US$15 million from other donors and the rest
shouldered by the Vietnamese government.
- The VND1
trillion (US$46.5 million) Minh Phu-Hau Giang plant should become operational
in April. The plant will be able to process 40,000 tonnes of processed shrimp
per year, according to Le Van Diep, deputy director of the Minh Phu Seafood
Company.
(VNA) nt
16-02 1954
VIETNAM'S MINH PHU
SEAFOOD CO TO OPEN US$46MLN SHRIMP PLANT
Asia Pulse Businesswire: 16 February 2011
[What follows is the full text of the news story.]
HANOI, Feb 16Asia
Pulse - Minh Phu Seafood Company said the 1 trillion VND (US$46.5 million) Minh
Phu-Hau Giang plant should become operational in April.
The plant will be
able to process 40,000 tonnes of processed shrimp per year, according to Le Van
Diep, deputy director of MPC.
He said the plant
will use the latest technology to reduce material waste and production time, so
reducing costs.
MPCexported 1,662
tonnes of shrimp in 2010 and reached an export turnoverof US$19.8 million, a
year-on-year increase of 70.16 per cent in volumeand 106.23 per cent in value.
(VNA) ry
16-02 2027
46.5 mln shrimp
processing plant to open
Vietnam News Agency: 15 February 2011
[What follows is the full text of the news story.]
Hau Giang (VNA)
� Minh Phu Seafood Company said the 1 trillion VND (46.5 million USD) Minh
Phu-Hau Giang plant should become operational in April.
The plant will be
able to process 40,000 tonnes of processed shrimp per year, according to Le Van
Diep, deputy director of MPC.
He said the plant
will use the latest technology to reduce material waste and production time, so
reducing costs.
MPC exported 1,662
tonnes of shrimp in 2010 and reached an export turnover of 19.8 million USD, a
year-on-year increase of 70.16 percent in volume and 106.23 percent in value./.
Ca Mau looks to
increase shrimp exports
Philippines News Agency: 14 February 2011
[What follows is the full text of the news story.]
HO CHI MINH CITY,
Feb. 15 (PNA/VNS) - The southernmost province of Ca Mau, which leads the
country in shrimp farming, is likely to increase exports this year, experts
say.
The province's
shrimp exports reached a record high of US$ 800 million last year, according to
the province's Department of Agriculture and Rural Development.
Ngo Thanh Linh,
deputy head of the department's Planning and Finance Division, said:
"There are many positive signs for the export of this product [shrimp] in
2011. The clearest sign is that the export volume and value of shrimp so far
this year have increased compared to the same period last year."
Le Van Quang,
general director of the Minh Phu Seafood Joint Stock Company, which led the
country in shrimp exports last year, said they signed contracts last month to
ship 2,000 tonnes of shrimp of various kinds.
Last year, the
company exported 23,871 tonnes of shrimp worth $ 248 million, exceeding its
annual target by 50 percent.
Experts have also
said that the export price of shrimp is likely to increase in the coming months
because of rising world demand and output declines in several exporting
countries.
The price of
shrimp in the Cuu Long (Mekong) Delta is now VND250,000-260,000 a kilo compared
to about VND220,000 at the end of last year.
Ly Van Thuan,
general secretary of the Ca Mau Association of Seafood Exporters and Producers
(CASEP), said to ensure that shrimp export remains stable in 2011, seafood
processors would need to maintain their existing markets, especially large ones
like the US, Japan and the EU, and at the same time, expand potential markets
like mainland China, South Korea and Australia.
The processors
should also upgrade their technology towards increasing the value of export
products, he said.
The province has
35 seafood processors that are operating at about 45 percent of capacity
because of a shortage of raw material, according to CASEP.
However, Nguyen
Thi Tuyet, general director of the Ca Mau Frozen Seafood Processing
Import-Export Corporation, said this situation was normal.
"There is a
severe shortage of shrimp in the first quarter of every year as farmers have
harvested their main shrimp crop and are preparing their ponds for a new
crop," Tuyet said.
The province's
Department of Agriculture and Rural Development plans an output of 105,000
tonnes of shrimp this year to supply processing facilities.
Under the plan,
the province will develop large shrimp cultivation areas using advanced
technology, control diseases, maintain shrimp-feed hygiene and safety and
protect the environment.
Nguyen Huu Thanh,
general director of the Ocean Food Corporation, said good planning, the use of
advanced technology and the increase in prices of shrimp would encourage more
investment in shrimp farming.
When the shortage
of shrimp was overcome, exports would stabilize and increase further, he said.
The province now
has more than 265,000 hectares devoted to shrimp breeding, with extensive
farming model accounting for 99.4 percent and industrial farming for just 0.55
percent. (PNA/VNS)
(THROUGH ASIA
PULSE)
15-02 2011
46.5 mln USD
shrimp processing plant to open
Vietnam News Agency: 14 February 2011
[What follows is the full text of the news story.]
February 15, 2011
(VNA) -- Minh Phu Seafood Company said the 1 trillion VND (46.5 million USD)
Minh Phu-Hau Giang plant should become operational in April.
The plant will be
able to process 40,000 tonnes of processed shrimp per year, according to Le Van
Diep, deputy director of MPC.
He said the plant
will use the latest technology to reduce material waste and production time, so
reducing costs.
MPCexported 1,662
tonnes of shrimp in 2010 and reached an export turnoverof 19.8 million USD, a
year-on-year increase of 70.16 percent in volumeand 106.23 percent in value.
(THROUGH ASIA PULSE)
15-02 2011
VIETNAM'S TOP 500
COMPANIES INCLUDE 30 SEAFOOD PRODUCERS
Asia Pulse Businesswire: 28 January 2011
[What follows is the full text of the news story.]
HANOI, Jan 28Asia
Pulse - Nearly 30 seafood exporting and producing companies were listed in the
top 500 Vietnamese companies of 2010 (VNR500), said office manager of the
Vietnam Association of Seafood Exporters and Producers Nguyen Minh Tam.
The list, compiled
by the Vietnam Report Joint Stock Company (Vietnam Report) and online newspaper
Vietnamnet, included well-known state-owned and private seafood companies such
as Minh Phu Seafood Corp, Cargill, HTFood, Hung Vuong Corp, Vinh Hoan Corp,
Quoc Viet Corp, Navico, Minh Hai Jostoco, Stapimex, Utxico and Anvifish.
To add to this
success, this year's list of the top 500 private companies included over 40
involved in the seafood sector.
Minh Phu Seafood
Corp ranked highest, breaking into the top 30, with HTFood and Hung Vuong Corp
making the top 40 and Vinh Hoan Corp and Quoc Viet Company Ltd appearing in the
top 50.
This was the
fourth time the VNR500 has been organised. Each year, the top 500 enterprises
(both State-owned and private) and the top 500 private enterprises are named.
To break into the
list, large businesses should not only focus on business operations but also
have an important and active leading role in addressing social issues such as
education, health, and diplomacy.
This year, nearly
half of the companies in the VNR500 were State-owned enterprises.
Foreign-invested and private companies accounted for 23.8 per cent and 31.2 per
cent, respectively.
The proportion of
private companies on the VNR500 has increased yearly, accounting for 24 per
cent of the enterprises listed in 2008 and 30 per cent in 2009.
Vietnam Report
ranks companies according to independent criteria, including the enterprises
benefits, total assets and number of employees.
The database was
sourced from total assets, turnover, profit, growth rate and employee figures
that were compiled by the General Statistics Office and surveys.
(VNA) nt
28-01 1946
U.S. LOWERS
ANTI-DUMPING TARIFFS ON VIETNAM'S SHRIMP EXPORTERS
Asia Pulse Businesswire: 04 October 2010
[What follows is the full text of the news story.]
HANOI, Oct 4Asia
Pulse - The U.S. Department of Commerce (DOC) has decided to slash anti-dumping
tariffs imposed on 31 Vietnamese shrimp exporters by between 0.01-0.69 per cent
as compared with the figures it announced early August.
The move came
after the DOC considered feedbacks regarding the results of the 4th administrative
review on Vietnamese shrimps exported to the US , which was conducted from
February 1, 2008 to January 31, 2009, from the Minh Phu Seafood Company, the
Nha Trang Seafood Joint Stock Company and the Minh Hai Seafood Company.
According to the
latest revisions, the Nha Trang Seafood Joint Stock Company will suffer the
highest duty of 4.89 per cent, lower than the previous level of 5.58 per cent.
The Minh Phu
Seafood Company will see a tax reduction of 0.01 per cent to 2.95 per cent,
while the others will have to pay a tariff of 3.92 per cent instead of 4.27 per
cent.
The Vietnam
Association of Seafood Exporters and Producers (VASEP) said Vietnamese
companies are subject to higher duties than Indian exporters.
The highest duty
imposed on an Indian company is 4.44 per cent. Other Indian companies also pay
lower duties than Vietnamese exporters, at only 2.67 per cent.
In April this
year, Vietnam asked the World Trade Organisation (WTO) Dispute Settlement Body
to set up a panel to review US anti-dumping measures imposed on frozen warm
water shrimp from Vietnam .
Recently, WTO
General Director Pascal Lamy has appointed three members to the panel.
Normally, after six months, the panel board will make its final report on the
lawsuit for concerned parties.
This is the first
time Vietnam has launched a trade lawsuit against a WTO member since it joined
the WTO in January 2007.
(VNA) nt
04-10 1443
U.S. cuts
anti-dumping tariffs on 31 Vietnam shrimp exporters
Asia In Focus: 04 October 2010
[What follows is the full text of the news story.]
HANOI, Oct 4 Asia
in Focus - The U.S. Department of Commerce (DOC) has decided to slash
anti-dumping tariffs imposed on 31 Vietnamese shrimp exporters by between
0.01-0.69 per cent as compared with the figures it announced early August. The
move came after the DOC considered feedbacks regarding the results of the 4th
administrative review on Vietnamese shrimps exported to the US, which was
conducted from February 1, 2008 to January 31, 2009, from the MINH PHU SEAFOOD
COMPANY, THE NHA TRANG SEAFOOD JOINT STOCK COMPANY and the MINH HAI SEAFOOD
COMPANY.
* According to the
latest revisions, the Nha Trang Seafood Joint Stock Company will suffer the
highest duty of 4.89 per cent, lower than the previous level of 5.58 per cent.
* The Minh Phu
Seafood Company will see a tax reduction of 0.01 per cent to 2.95 per cent,
while the others will have to pay a tariff of 3.92 per cent instead of 4.27 per
cent.
ASIA IN FOCUS bl
04-10 1908
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
7 Months |
|
UpdateType/Date |
Updated Normal |
Reclassified
Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
VND |
VND |
VND |
VND |
VND |
|
Exchange Rate
(Period Average) |
19140.13388 |
17802.088493 |
16452.496831 |
16083.860656 |
15990.427596 |
|
Auditor |
Auditing and
Consulting Joint Stock Company |
Auditing and
Consulting Joint Stock Company |
Ernst &
Young LLP |
Ernst & Young
LLP |
Auditing and
Consulting Joint Stock Company |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Gross Revenue |
269.1 |
175.8 |
176.5 |
146.8 |
85.1 |
|
Sales Returns and Allowances |
-2.2 |
-2.0 |
-1.6 |
-0.2 |
-0.5 |
|
Revenue |
266.9 |
173.8 |
174.8 |
146.6 |
84.6 |
|
Total Revenue |
266.9 |
173.8 |
174.8 |
146.6 |
84.6 |
|
|
|
|
|
|
|
|
Cost of Revenue |
227.2 |
148.4 |
147.2 |
126.8 |
75.5 |
|
Cost of Revenue, Total |
227.2 |
148.4 |
147.2 |
126.8 |
75.5 |
|
Gross Profit |
39.7 |
25.4 |
27.6 |
19.7 |
9.1 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
17.0 |
3.4 |
11.6 |
5.8 |
2.9 |
|
Total Selling/General/Administrative Expenses |
17.0 |
3.4 |
11.6 |
5.8 |
2.9 |
|
Depreciation |
0.1 |
9.9 |
0.1 |
- |
- |
|
Depreciation/Amortization |
0.1 |
9.9 |
0.1 |
- |
- |
|
Interest Expense -
Operating |
7.5 |
4.9 |
10.7 |
3.0 |
1.3 |
|
Interest Expense - Net Operating |
7.5 |
4.9 |
10.7 |
3.0 |
1.3 |
|
Interest Income -
Operating |
-1.4 |
-1.1 |
-1.1 |
-0.1 |
-0.1 |
|
Investment Income -
Operating |
-0.3 |
-6.0 |
11.0 |
-4.2 |
-0.3 |
|
Interest/Investment Income - Operating |
-1.7 |
-7.1 |
9.9 |
-4.3 |
-0.4 |
|
Interest Expense (Income) - Net Operating Total |
5.8 |
-2.2 |
20.7 |
-1.4 |
0.9 |
|
Other Operating Expense |
0.3 |
0.0 |
0.1 |
2.4 |
- |
|
Other, Net |
0.0 |
0.0 |
- |
- |
- |
|
Other Operating Expenses, Total |
0.3 |
0.0 |
0.1 |
2.4 |
- |
|
Total Operating Expense |
250.4 |
159.5 |
179.7 |
133.7 |
79.3 |
|
|
|
|
|
|
|
|
Operating Income |
16.5 |
14.3 |
-4.9 |
12.9 |
5.3 |
|
|
|
|
|
|
|
|
Gain (Loss) on Sale of Assets |
0.0 |
-0.2 |
2.8 |
0.0 |
0.1 |
|
Other Non-Operating Income (Expense) |
3.0 |
0.2 |
0.2 |
0.2 |
0.1 |
|
Other, Net |
3.0 |
0.2 |
0.2 |
0.2 |
0.1 |
|
Income Before Tax |
19.5 |
14.3 |
-1.9 |
13.1 |
5.5 |
|
|
|
|
|
|
|
|
Total Income Tax |
3.0 |
0.7 |
0.4 |
1.1 |
0.6 |
|
Income After Tax |
16.4 |
13.7 |
-2.3 |
12.0 |
4.9 |
|
|
|
|
|
|
|
|
Minority Interest |
-0.4 |
-0.2 |
-0.2 |
-0.2 |
-0.1 |
|
Net Income Before Extraord Items |
16.0 |
13.4 |
-2.5 |
11.8 |
4.8 |
|
Net Income |
16.0 |
13.4 |
-2.5 |
11.8 |
4.8 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
16.0 |
13.4 |
-2.5 |
11.8 |
4.8 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
16.0 |
13.4 |
-2.5 |
11.8 |
4.8 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
70.0 |
70.0 |
70.0 |
62.6 |
66.0 |
|
Basic EPS Excl Extraord Items |
0.23 |
0.19 |
-0.04 |
0.19 |
0.07 |
|
Basic/Primary EPS Incl Extraord Items |
0.23 |
0.19 |
-0.04 |
0.19 |
0.07 |
|
Dilution Adjustment |
- |
- |
0.0 |
- |
- |
|
Diluted Net Income |
16.0 |
13.4 |
-2.5 |
11.8 |
4.8 |
|
Diluted Weighted Average Shares |
70.0 |
70.0 |
70.0 |
62.6 |
66.0 |
|
Diluted EPS Excl Extraord Items |
0.23 |
0.19 |
-0.04 |
0.19 |
0.07 |
|
Diluted EPS Incl Extraord Items |
0.23 |
0.19 |
-0.04 |
0.19 |
0.07 |
|
Dividends per Share - Common Stock Primary Issue |
0.00 |
0.08 |
0.00 |
0.09 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
- |
0.0 |
6.5 |
0.0 |
|
Interest Expense, Supplemental |
7.5 |
4.9 |
10.7 |
3.0 |
1.3 |
|
Depreciation, Supplemental |
2.0 |
1.8 |
1.5 |
1.1 |
0.5 |
|
Total Special Items |
0.0 |
0.4 |
-2.8 |
0.0 |
-0.1 |
|
Normalized Income Before Tax |
19.5 |
14.7 |
-4.7 |
13.1 |
5.4 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
0.0 |
0.0 |
-1.0 |
0.0 |
0.0 |
|
Inc Tax Ex Impact of Sp Items |
3.0 |
0.7 |
-0.6 |
1.1 |
0.6 |
|
Normalized Income After Tax |
16.4 |
14.0 |
-4.1 |
12.0 |
4.8 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
16.0 |
13.8 |
-4.3 |
11.8 |
4.7 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.23 |
0.20 |
-0.06 |
0.19 |
0.07 |
|
Diluted Normalized EPS |
0.23 |
0.20 |
-0.06 |
0.19 |
0.07 |
|
Amort of Acquisition Costs, Supplemental |
0.0 |
0.2 |
- |
- |
- |
|
Amort of Intangibles, Supplemental |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Normalized EBIT |
22.3 |
12.1 |
15.8 |
11.6 |
6.2 |
|
Normalized EBITDA |
24.3 |
14.1 |
17.4 |
12.7 |
6.7 |
|
Current Tax - Total |
3.5 |
1.1 |
0.3 |
1.2 |
0.7 |
|
Current Tax - Total |
3.5 |
1.1 |
0.3 |
1.2 |
0.7 |
|
Deferred Tax - Total |
-0.5 |
-0.4 |
0.1 |
-0.1 |
0.0 |
|
Deferred Tax - Total |
-0.5 |
-0.4 |
0.1 |
-0.1 |
0.0 |
|
Income Tax - Total |
3.0 |
0.7 |
0.4 |
1.1 |
0.6 |
|
|
|
Annual Balance
Sheet |
|
Financials in:
USD (mil) |
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
UpdateType/Date |
Updated Normal |
Reclassified
Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
VND |
VND |
VND |
VND |
VND |
|
Exchange Rate |
19497.5 |
18474 |
17483 |
16016.5 |
16056 |
|
Auditor |
Auditing and
Consulting Joint Stock Company |
Auditing and
Consulting Joint Stock Company |
Ernst &
Young LLP |
Ernst &
Young LLP |
Auditing and
Consulting Joint Stock Company |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash |
24.5 |
4.2 |
1.4 |
1.0 |
1.9 |
|
Cash & Equivalents |
13.6 |
4.0 |
4.3 |
- |
- |
|
Short Term Investments |
4.3 |
12.4 |
12.7 |
12.0 |
- |
|
Cash and Short Term Investments |
42.3 |
20.6 |
18.4 |
13.1 |
1.9 |
|
Accounts Receivable -
Trade, Gross |
19.3 |
- |
- |
- |
- |
|
Provision for Doubtful
Accounts |
0.0 |
- |
- |
- |
- |
|
Trade Accounts Receivable - Net |
19.3 |
9.4 |
25.7 |
54.6 |
39.9 |
|
Other Receivables |
0.3 |
2.2 |
7.3 |
0.0 |
0.7 |
|
Total Receivables, Net |
19.6 |
11.7 |
32.9 |
54.7 |
40.5 |
|
Inventories - Finished Goods |
60.0 |
38.9 |
40.1 |
13.7 |
8.3 |
|
Inventories - Work In Progress |
0.1 |
0.3 |
0.1 |
1.6 |
- |
|
Inventories - Raw Materials |
2.5 |
1.7 |
1.1 |
0.7 |
0.3 |
|
Inventories - Other |
-0.4 |
-0.2 |
-0.3 |
0.2 |
0.1 |
|
Total Inventory |
62.3 |
40.6 |
41.0 |
16.2 |
8.7 |
|
Prepaid Expenses |
3.8 |
1.0 |
0.7 |
1.6 |
0.9 |
|
Other Current Assets |
6.1 |
2.1 |
0.8 |
1.6 |
1.6 |
|
Other Current Assets, Total |
6.1 |
2.1 |
0.8 |
1.6 |
1.6 |
|
Total Current Assets |
134.1 |
75.9 |
93.8 |
87.1 |
53.7 |
|
|
|
|
|
|
|
|
Buildings |
7.9 |
6.1 |
5.9 |
4.3 |
1.6 |
|
Machinery/Equipment |
18.3 |
16.4 |
14.1 |
12.0 |
6.4 |
|
Construction in
Progress |
30.5 |
6.6 |
2.1 |
14.4 |
3.6 |
|
Other
Property/Plant/Equipment |
- |
0.6 |
0.6 |
0.1 |
- |
|
Property/Plant/Equipment - Gross |
56.7 |
29.7 |
22.6 |
30.7 |
11.6 |
|
Accumulated Depreciation |
-8.1 |
-6.6 |
-5.8 |
-4.8 |
-3.7 |
|
Property/Plant/Equipment - Net |
48.6 |
23.1 |
16.8 |
26.0 |
7.9 |
|
Goodwill - Gross |
1.3 |
- |
- |
- |
- |
|
Accumulated Goodwill Amortization |
-0.2 |
- |
- |
- |
- |
|
Goodwill, Net |
1.2 |
1.4 |
1.7 |
- |
- |
|
Intangibles - Gross |
1.3 |
0.7 |
0.7 |
0.7 |
0.6 |
|
Accumulated Intangible Amortization |
-0.2 |
-0.2 |
-0.1 |
-0.1 |
-0.1 |
|
Intangibles, Net |
1.1 |
0.6 |
0.6 |
0.6 |
0.5 |
|
LT Investment - Affiliate Companies |
0.1 |
- |
1.8 |
2.0 |
- |
|
LT Investments - Other |
10.0 |
11.1 |
12.5 |
15.2 |
1.4 |
|
Long Term Investments |
10.1 |
11.1 |
14.4 |
17.2 |
1.4 |
|
Note Receivable - Long Term |
2.6 |
6.5 |
1.2 |
0.6 |
0.2 |
|
Deferred Income Tax - Long Term Asset |
0.8 |
0.4 |
0.0 |
0.1 |
0.0 |
|
Other Long Term Assets |
1.3 |
1.3 |
1.2 |
0.9 |
0.7 |
|
Other Long Term Assets, Total |
2.1 |
1.7 |
1.2 |
0.9 |
0.7 |
|
Total Assets |
199.8 |
120.3 |
129.7 |
132.4 |
64.3 |
|
|
|
|
|
|
|
|
Accounts Payable |
5.4 |
3.7 |
3.5 |
2.5 |
1.2 |
|
Accrued Expenses |
4.9 |
1.1 |
0.4 |
0.4 |
0.3 |
|
Notes Payable/Short Term Debt |
76.5 |
40.1 |
52.1 |
46.4 |
14.6 |
|
Current Portion - Long Term Debt/Capital Leases |
- |
- |
0.3 |
0.3 |
0.3 |
|
Customer Advances |
0.4 |
0.0 |
0.1 |
0.0 |
0.2 |
|
Income Taxes Payable |
1.1 |
0.7 |
0.2 |
0.1 |
0.1 |
|
Other Payables |
0.3 |
0.3 |
4.3 |
0.3 |
2.7 |
|
Other Current Liabilities |
0.6 |
0.7 |
- |
- |
- |
|
Other Current liabilities, Total |
2.4 |
1.7 |
4.6 |
0.5 |
3.1 |
|
Total Current Liabilities |
89.2 |
46.6 |
60.9 |
50.1 |
19.6 |
|
|
|
|
|
|
|
|
Long Term Debt |
38.3 |
12.8 |
12.0 |
13.5 |
1.3 |
|
Total Long Term Debt |
38.3 |
12.8 |
12.0 |
13.5 |
1.3 |
|
Total Debt |
114.8 |
52.9 |
64.5 |
60.2 |
16.3 |
|
|
|
|
|
|
|
|
Minority Interest |
3.5 |
2.5 |
2.7 |
0.8 |
0.7 |
|
Pension Benefits - Underfunded |
0.2 |
0.2 |
0.2 |
- |
- |
|
Other Liabilities, Total |
0.2 |
0.2 |
0.2 |
- |
- |
|
Total Liabilities |
131.1 |
62.1 |
75.9 |
64.4 |
21.7 |
|
|
|
|
|
|
|
|
Common Stock |
35.9 |
37.9 |
40.0 |
43.7 |
37.4 |
|
Common Stock |
35.9 |
37.9 |
40.0 |
43.7 |
37.4 |
|
Additional Paid-In Capital |
9.1 |
9.6 |
10.2 |
11.1 |
- |
|
Retained Earnings (Accumulated Deficit) |
19.8 |
5.7 |
-1.7 |
12.1 |
4.8 |
|
Translation Adjustment |
2.8 |
2.8 |
0.9 |
- |
- |
|
Other Equity |
1.0 |
2.2 |
4.3 |
1.1 |
0.5 |
|
Other Equity, Total |
3.8 |
5.0 |
5.3 |
1.1 |
0.5 |
|
Total Equity |
68.6 |
58.2 |
53.8 |
68.1 |
42.7 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
199.8 |
120.3 |
129.7 |
132.4 |
64.3 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
70.0 |
70.0 |
70.0 |
70.0 |
66.0 |
|
Total Common Shares Outstanding |
70.0 |
70.0 |
70.0 |
70.0 |
66.0 |
|
Treasury Shares - Common Stock Primary Issue |
0.0 |
0.0 |
0.0 |
- |
- |
|
Employees |
6,787 |
6,078 |
4,179 |
3,225 |
2,263 |
|
Accumulated Goodwill Amortization Suppl. |
0.2 |
- |
- |
- |
- |
|
Accumulated Intangible Amort, Suppl. |
0.2 |
0.2 |
0.1 |
0.1 |
0.1 |
|
Deferred Revenue - Current |
0.4 |
0.0 |
0.1 |
0.0 |
0.2 |
|
Total Long Term Debt, Supplemental |
38.3 |
- |
12.0 |
- |
- |
|
Long Term Debt Maturing within 1 Year |
7.7 |
- |
0.2 |
- |
- |
|
Long Term Debt Maturing in Year 2 |
7.7 |
- |
0.2 |
- |
- |
|
Long Term Debt Maturing in Year 3 |
7.7 |
- |
0.2 |
- |
- |
|
Long Term Debt Maturing in Year 4 |
7.7 |
- |
11.4 |
- |
- |
|
Long Term Debt Maturing in Year 5 |
7.7 |
- |
- |
- |
- |
|
Long Term Debt Maturing in 2-3 Years |
15.3 |
- |
0.4 |
- |
- |
|
Long Term Debt Maturing in 4-5 Years |
15.3 |
- |
11.4 |
- |
- |
|
Long Term Debt Matur. in Year 6 & Beyond |
0.0 |
- |
0.0 |
- |
- |
|
Total Operating Leases, Supplemental |
0.2 |
0.3 |
- |
- |
- |
|
Operating Lease Payments Due in Year 1 |
0.0 |
0.0 |
- |
- |
- |
|
Operating Lease Payments Due in Year 2 |
0.0 |
0.0 |
- |
- |
- |
|
Operating Lease Payments Due in Year 3 |
0.1 |
0.1 |
- |
- |
- |
|
Operating Lease Payments Due in Year 4 |
0.1 |
0.1 |
- |
- |
- |
|
Operating Lease Payments Due in Year 5 |
0.1 |
0.1 |
- |
- |
- |
|
Operating Lease Pymts. Due in 2-3 Years |
0.1 |
0.1 |
- |
- |
- |
|
Operating Lease Pymts. Due in 4-5 Years |
0.1 |
0.2 |
- |
- |
- |
|
Oper. Lse. Pymts. Due in Year 6 & Beyond |
0.0 |
-0.1 |
- |
- |
- |
|
|
|
Annual Cash
Flows |
|
Financials in:
USD (mil) |
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
7 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Restated Normal |
Reclassified
Normal |
Reclassified
Normal |
|
Filed Currency |
VND |
VND |
VND |
VND |
VND |
|
Exchange Rate
(Period Average) |
19140.13388 |
17802.088493 |
16452.496831 |
16083.860656 |
15990.427596 |
|
Auditor |
Auditing and
Consulting Joint Stock Company |
Auditing and
Consulting Joint Stock Company |
Ernst &
Young LLP |
Ernst &
Young LLP |
Auditing and
Consulting Joint Stock Company |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
19.5 |
14.3 |
-1.9 |
13.1 |
5.5 |
|
Depreciation |
2.0 |
2.0 |
1.7 |
1.1 |
0.6 |
|
Depreciation/Depletion |
2.0 |
2.0 |
1.7 |
1.1 |
0.6 |
|
Unusual Items |
-1.0 |
4.2 |
-5.2 |
-3.6 |
-0.1 |
|
Other Non-Cash Items |
9.0 |
-4.1 |
17.4 |
4.6 |
1.2 |
|
Non-Cash Items |
8.0 |
0.1 |
12.3 |
1.0 |
1.1 |
|
Accounts Receivable |
-11.4 |
22.8 |
34.8 |
-15.3 |
6.3 |
|
Inventories |
-22.8 |
0.4 |
3.5 |
-7.5 |
1.9 |
|
Prepaid Expenses |
0.0 |
-0.1 |
13.7 |
-0.2 |
0.2 |
|
Accounts Payable |
3.3 |
-12.4 |
-30.4 |
-1.4 |
4.9 |
|
Taxes Payable |
-3.2 |
-0.3 |
-0.5 |
-0.9 |
-0.8 |
|
Other Operating Cash Flow |
-10.0 |
-6.5 |
-10.9 |
-3.2 |
-1.3 |
|
Changes in Working Capital |
-44.1 |
3.9 |
10.2 |
-28.4 |
11.1 |
|
Cash from Operating Activities |
-14.6 |
20.2 |
22.2 |
-13.3 |
18.3 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-30.3 |
-9.3 |
-5.2 |
-19.2 |
-2.5 |
|
Capital Expenditures |
-30.3 |
-9.3 |
-5.2 |
-19.2 |
-2.5 |
|
Sale of Fixed Assets |
0.4 |
0.0 |
1.6 |
- |
0.2 |
|
Sale/Maturity of Investment |
13.6 |
2.7 |
- |
- |
- |
|
Purchase of Investments |
-6.1 |
-9.7 |
-30.0 |
-29.3 |
-0.1 |
|
Other Investing Cash Flow |
1.7 |
13.0 |
14.2 |
3.6 |
- |
|
Other Investing Cash Flow Items, Total |
9.6 |
6.1 |
-14.3 |
-25.7 |
0.1 |
|
Cash from Investing Activities |
-20.7 |
-3.2 |
-19.6 |
-44.9 |
-2.4 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
- |
-5.7 |
-6.6 |
-0.1 |
- |
|
Financing Cash Flow Items |
- |
-5.7 |
-6.6 |
-0.1 |
- |
|
Sale/Issuance of
Common |
- |
- |
- |
13.5 |
- |
|
Common Stock, Net |
- |
- |
- |
13.5 |
- |
|
Issuance (Retirement) of Stock, Net |
- |
- |
- |
13.5 |
- |
|
Total Debt Issued |
336.9 |
215.5 |
309.9 |
244.2 |
93.1 |
|
Total Debt Reduction |
-270.7 |
-224.0 |
-300.9 |
-200.5 |
-107.3 |
|
Issuance (Retirement) of Debt, Net |
66.2 |
-8.5 |
9.0 |
43.7 |
-14.2 |
|
Cash from Financing Activities |
66.2 |
-14.2 |
2.4 |
57.2 |
-14.2 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.0 |
0.1 |
0.0 |
0.0 |
- |
|
Net Change in Cash |
30.8 |
2.9 |
5.1 |
-0.9 |
1.6 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
7.9 |
5.6 |
1.0 |
1.9 |
0.3 |
|
Net Cash - Ending Balance |
38.7 |
8.5 |
6.1 |
1.0 |
1.9 |
|
Cash Interest Paid |
7.5 |
4.8 |
10.7 |
3.0 |
1.3 |
|
Cash Taxes Paid |
3.2 |
0.3 |
0.5 |
0.9 |
0.8 |
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
|
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
7 Months |
|
UpdateType/Date |
Updated Normal |
Reclassified
Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
VND |
VND |
VND |
VND |
VND |
|
Exchange Rate
(Period Average) |
19140.13388 |
17802.088493 |
16452.496831 |
16083.860656 |
15990.427596 |
|
Auditor |
Auditing and
Consulting Joint Stock Company |
Auditing and
Consulting Joint Stock Company |
Ernst &
Young LLP |
Ernst & Young
LLP |
Auditing and
Consulting Joint Stock Company |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Gross Sales |
269.1 |
175.8 |
176.5 |
146.8 |
85.1 |
|
Sales Returns and Allowances |
-2.2 |
-2.0 |
-1.6 |
-0.2 |
-0.5 |
|
Total Revenue |
266.9 |
173.8 |
174.8 |
146.6 |
84.6 |
|
|
|
|
|
|
|
|
Cost of Goods Sold |
227.2 |
148.4 |
147.2 |
126.8 |
75.5 |
|
Interest Income |
-1.4 |
-1.1 |
-1.1 |
-0.1 |
-0.1 |
|
Unrealized Gain from Foreign Exchange |
0.0 |
-0.2 |
- |
0.0 |
-0.1 |
|
Gain from Foreign Exchange |
-1.6 |
-2.1 |
-2.4 |
-0.2 |
-0.3 |
|
Dividend Income |
0.0 |
-1.7 |
-0.4 |
-0.1 |
- |
|
Income from Securities Investment |
- |
-7.5 |
- |
-9.3 |
- |
|
Income from Financial Activities |
0.0 |
0.0 |
- |
- |
- |
|
Interest Expense |
7.5 |
4.9 |
10.7 |
3.0 |
1.3 |
|
Loss from Foreign Exchange |
0.2 |
0.0 |
0.7 |
0.1 |
0.1 |
|
Unrealized Loss from Foreign Exchange |
0.5 |
0.0 |
- |
0.1 |
- |
|
Expense from Securities Trading |
0.1 |
14.2 |
4.5 |
5.2 |
- |
|
Provision for Securities Investment |
0.5 |
-8.8 |
8.6 |
- |
- |
|
Other Expenses from Financial Activities |
0.3 |
0.0 |
0.1 |
2.4 |
- |
|
Depreciation in Selling Expense |
0.0 |
9.8 |
- |
- |
- |
|
Selling Expense |
14.3 |
1.6 |
9.5 |
4.7 |
2.5 |
|
Depreciation Expense |
- |
- |
0.1 |
- |
- |
|
Depreciation in GA Expense |
0.1 |
0.1 |
- |
- |
- |
|
General and Administrative Expenses |
2.8 |
1.7 |
2.0 |
1.1 |
0.4 |
|
Total Operating Expense |
250.4 |
159.5 |
179.7 |
133.7 |
79.3 |
|
|
|
|
|
|
|
|
Gain on Sale of Assets |
0.0 |
0.3 |
15.5 |
0.0 |
0.4 |
|
Other Non-Operating Income |
3.1 |
0.2 |
0.2 |
0.2 |
0.1 |
|
Loss on Sale of Assets |
0.0 |
-0.5 |
-12.8 |
0.0 |
-0.2 |
|
Other Non-Operating Expense |
-0.1 |
0.0 |
-0.1 |
0.0 |
0.0 |
|
Net Income Before Taxes |
19.5 |
14.3 |
-1.9 |
13.1 |
5.5 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
3.0 |
0.7 |
0.4 |
1.1 |
0.6 |
|
Net Income After Taxes |
16.4 |
13.7 |
-2.3 |
12.0 |
4.9 |
|
|
|
|
|
|
|
|
Minority Interest |
-0.4 |
-0.2 |
-0.2 |
-0.2 |
-0.1 |
|
Net Income Before Extra. Items |
16.0 |
13.4 |
-2.5 |
11.8 |
4.8 |
|
Net Income |
16.0 |
13.4 |
-2.5 |
11.8 |
4.8 |
|
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
16.0 |
13.4 |
-2.5 |
11.8 |
4.8 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
16.0 |
13.4 |
-2.5 |
11.8 |
4.8 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
70.0 |
70.0 |
70.0 |
62.6 |
66.0 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.23 |
0.19 |
-0.04 |
0.19 |
0.07 |
|
Basic EPS Including ExtraOrdinary Items |
0.23 |
0.19 |
-0.04 |
0.19 |
0.07 |
|
Dilution Adjustment |
- |
- |
0.0 |
- |
- |
|
Diluted Net Income |
16.0 |
13.4 |
-2.5 |
11.8 |
4.8 |
|
Diluted Weighted Average Shares |
70.0 |
70.0 |
70.0 |
62.6 |
66.0 |
|
Diluted EPS Excluding ExtraOrd Items |
0.23 |
0.19 |
-0.04 |
0.19 |
0.07 |
|
Diluted EPS Including ExtraOrd Items |
0.23 |
0.19 |
-0.04 |
0.19 |
0.07 |
|
DPS-Common Stock |
0.00 |
0.08 |
0.00 |
0.09 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
- |
0.0 |
6.5 |
0.0 |
|
Normalized Income Before Taxes |
19.5 |
14.7 |
-4.7 |
13.1 |
5.4 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
3.0 |
0.7 |
-0.6 |
1.1 |
0.6 |
|
Normalized Income After Taxes |
16.4 |
14.0 |
-4.1 |
12.0 |
4.8 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
16.0 |
13.8 |
-4.3 |
11.8 |
4.7 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.23 |
0.20 |
-0.06 |
0.19 |
0.07 |
|
Diluted Normalized EPS |
0.23 |
0.20 |
-0.06 |
0.19 |
0.07 |
|
Interest Expense |
7.5 |
4.9 |
10.7 |
3.0 |
1.3 |
|
Depreciation |
2.0 |
1.8 |
1.5 |
1.1 |
0.5 |
|
Depreciation, Investment Properties |
0.0 |
- |
- |
- |
- |
|
Amortization of Intangibles |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Amortization of Goodwill |
0.0 |
0.2 |
- |
- |
- |
|
Current Tax - Total |
3.5 |
1.1 |
0.3 |
1.2 |
0.7 |
|
Current Tax - Total |
3.5 |
1.1 |
0.3 |
1.2 |
0.7 |
|
Deferred Tax - Total |
-0.5 |
-0.4 |
0.1 |
-0.1 |
0.0 |
|
Deferred Tax - Total |
-0.5 |
-0.4 |
0.1 |
-0.1 |
0.0 |
|
Income Tax - Total |
3.0 |
0.7 |
0.4 |
1.1 |
0.6 |
|
|
|
Annual Balance
Sheet |
|
Financials in:
USD (mil) |
|
|
|
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
UpdateType/Date |
Updated Normal |
Reclassified
Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
VND |
VND |
VND |
VND |
VND |
|
Exchange Rate |
19497.5 |
18474 |
17483 |
16016.5 |
16056 |
|
Auditor |
Auditing and
Consulting Joint Stock Company |
Auditing and
Consulting Joint Stock Company |
Ernst &
Young LLP |
Ernst &
Young LLP |
Auditing and Consulting
Joint Stock Company |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash |
24.5 |
4.2 |
1.4 |
1.0 |
1.9 |
|
Cash and Equivalents |
13.6 |
4.0 |
4.3 |
- |
- |
|
Short Term Investment |
4.7 |
13.0 |
21.6 |
13.6 |
- |
|
Provisions for Short Term Investment |
-0.4 |
-0.6 |
-8.9 |
-1.6 |
- |
|
Accounts Receivable, Net |
- |
9.4 |
25.7 |
54.6 |
39.9 |
|
Accounts Receivable |
19.3 |
- |
- |
- |
- |
|
Prepayment to Suppliers |
3.8 |
1.0 |
0.6 |
1.5 |
0.9 |
|
Other Receivables |
0.3 |
2.1 |
7.1 |
0.0 |
0.5 |
|
Provision for Doubtful Account |
0.0 |
- |
- |
- |
- |
|
Inventory in Transit |
0.2 |
- |
- |
- |
- |
|
Raw Materials |
2.5 |
1.7 |
1.1 |
0.7 |
0.3 |
|
Tools and Instruments |
0.3 |
0.2 |
0.3 |
0.2 |
0.1 |
|
Work in Progress |
0.1 |
0.3 |
0.1 |
1.6 |
- |
|
Finished Goods |
36.4 |
18.6 |
40.1 |
13.5 |
8.3 |
|
Merchandise |
23.7 |
20.3 |
0.0 |
0.2 |
0.0 |
|
Provision for Inventories |
-0.9 |
-0.4 |
-0.6 |
- |
- |
|
Adjustment, Inventories |
- |
- |
- |
0.0 |
- |
|
Short Term Prepaid Expense |
0.0 |
0.0 |
0.0 |
0.1 |
0.0 |
|
Claimable VAT |
4.7 |
1.7 |
0.5 |
1.4 |
1.5 |
|
Taxes Receivable |
0.0 |
0.1 |
0.2 |
0.0 |
0.2 |
|
Other Current Assets |
1.4 |
0.3 |
0.3 |
0.2 |
0.1 |
|
Total Current Assets |
134.1 |
75.9 |
93.8 |
87.1 |
53.7 |
|
|
|
|
|
|
|
|
Other Long Term Receivables |
2.6 |
6.5 |
1.2 |
0.6 |
0.2 |
|
Buildings and Structures |
7.9 |
6.1 |
5.9 |
4.3 |
1.6 |
|
Machinery and Equipment |
16.5 |
14.7 |
12.4 |
10.5 |
6.0 |
|
Transportation Equipment |
1.5 |
1.4 |
1.4 |
1.2 |
0.2 |
|
Office Equipment |
0.3 |
0.3 |
0.3 |
0.3 |
0.2 |
|
Adjustment, Tangibles |
- |
- |
- |
0.1 |
- |
|
Accumulated Depreciation |
-8.1 |
-6.5 |
-5.8 |
-4.8 |
-3.7 |
|
Intangibles, Gross |
1.3 |
0.7 |
0.7 |
0.7 |
0.6 |
|
Accumulated Intangible Amortization |
-0.2 |
-0.2 |
-0.1 |
-0.1 |
-0.1 |
|
Construction in Progress |
30.5 |
6.6 |
2.1 |
14.4 |
3.6 |
|
Investment Properties |
- |
0.6 |
0.6 |
- |
- |
|
Depreciation, Investment Properties |
- |
0.0 |
0.0 |
- |
- |
|
Investment in Affiliates |
0.1 |
- |
1.8 |
2.0 |
- |
|
Other Long Term Investment |
10.6 |
11.1 |
13.2 |
15.2 |
1.4 |
|
Provision for Long Term Investment |
-0.6 |
- |
-0.7 |
- |
- |
|
Long Term Prepaid Expense |
0.4 |
0.4 |
0.3 |
0.2 |
0.0 |
|
Deferred Income Tax |
0.8 |
0.4 |
0.0 |
0.1 |
0.0 |
|
Other Long Term Assets |
0.8 |
0.9 |
0.8 |
0.7 |
0.6 |
|
Goodwill, Net |
- |
1.4 |
1.7 |
- |
- |
|
Goodwill, Gross |
1.3 |
- |
- |
- |
- |
|
Accumulated Depreciation of Goodwill |
-0.2 |
- |
- |
- |
- |
|
Total Assets |
199.8 |
120.3 |
129.7 |
132.4 |
64.3 |
|
|
|
|
|
|
|
|
Short Term Borrowings |
76.5 |
40.1 |
52.1 |
46.4 |
14.6 |
|
Current Portion of Long Term Debt |
- |
- |
0.3 |
0.3 |
0.3 |
|
Accounts Payable |
5.4 |
3.7 |
3.5 |
2.5 |
1.2 |
|
Customer Advances |
0.4 |
0.0 |
0.1 |
0.0 |
0.2 |
|
Taxes Payable |
1.1 |
0.7 |
0.2 |
0.1 |
0.1 |
|
Accrued Salary |
1.3 |
1.1 |
0.4 |
0.4 |
0.3 |
|
Accrued Expenses |
3.7 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Payables |
0.3 |
0.3 |
4.3 |
0.3 |
2.7 |
|
Fund for Bonus and Welfare |
0.6 |
0.7 |
- |
- |
- |
|
Total Current Liabilities |
89.2 |
46.6 |
60.9 |
50.1 |
19.6 |
|
|
|
|
|
|
|
|
Long Term Borrowings |
38.3 |
12.8 |
12.0 |
13.5 |
1.3 |
|
Total Long Term Debt |
38.3 |
12.8 |
12.0 |
13.5 |
1.3 |
|
|
|
|
|
|
|
|
Reserves for Severance Allowances |
0.2 |
0.2 |
0.2 |
- |
- |
|
Minority Interest |
3.5 |
2.5 |
2.7 |
0.8 |
0.7 |
|
Total Liabilities |
131.1 |
62.1 |
75.9 |
64.4 |
21.7 |
|
|
|
|
|
|
|
|
Common Stock |
35.9 |
37.9 |
40.0 |
43.7 |
37.4 |
|
Paid-In Capital |
9.1 |
9.6 |
10.2 |
11.1 |
- |
|
Difference in Foreign Exchange |
2.8 |
2.8 |
0.9 |
- |
- |
|
Fund for Development |
1.0 |
2.2 |
2.8 |
0.5 |
- |
|
Other Owners' Funds |
- |
- |
0.3 |
- |
- |
|
Retained Earnings |
19.8 |
5.7 |
-1.7 |
12.1 |
4.8 |
|
Fund for Bonus and Welfare |
- |
- |
1.3 |
0.6 |
0.5 |
|
Total Equity |
68.6 |
58.2 |
53.8 |
68.1 |
42.7 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
199.8 |
120.3 |
129.7 |
132.4 |
64.3 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
70.0 |
70.0 |
70.0 |
70.0 |
66.0 |
|
Total Common Shares Outstanding |
70.0 |
70.0 |
70.0 |
70.0 |
66.0 |
|
T/S-Common Stock |
0.0 |
0.0 |
0.0 |
- |
- |
|
Customer Advances |
0.4 |
0.0 |
0.1 |
0.0 |
0.2 |
|
Accumulated Intangibles Amortization |
0.2 |
0.2 |
0.1 |
0.1 |
0.1 |
|
Accumulated Goodwill Amortization Suppl. |
0.2 |
- |
- |
- |
- |
|
Full-Time Employees |
6,787 |
6,078 |
4,179 |
3,225 |
2,263 |
|
LT Debt Maturing in Year 3 |
- |
- |
0.6 |
- |
- |
|
LT Debt Maturing in Year 4 |
- |
- |
11.4 |
- |
- |
|
Long Term Debt Maturing in Year 5 |
38.3 |
- |
- |
- |
- |
|
Total Long Term Debt, Supplemental |
38.3 |
- |
12.0 |
- |
- |
|
Operating Lease Payments Due in Year 2 |
0.1 |
0.1 |
- |
- |
- |
|
Operating Lease Payments Due in Year 5 |
0.2 |
0.3 |
- |
- |
- |
|
Operating Lease Payments Due after Yr5 |
0.0 |
-0.1 |
- |
- |
- |
|
Total Operating Leases, Supplemental |
0.2 |
0.3 |
- |
- |
- |
|
|
|
Annual Cash
Flows |
|
Financials in:
USD (mil) |
|
|
|
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
7 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Restated Normal |
Reclassified
Normal |
Reclassified
Normal |
|
Filed Currency |
VND |
VND |
VND |
VND |
VND |
|
Exchange Rate
(Period Average) |
19140.13388 |
17802.088493 |
16452.496831 |
16083.860656 |
15990.427596 |
|
Auditor |
Auditing and
Consulting Joint Stock Company |
Auditing and
Consulting Joint Stock Company |
Ernst &
Young LLP |
Ernst &
Young LLP |
Auditing and
Consulting Joint Stock Company |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income |
19.5 |
14.3 |
-1.9 |
13.1 |
5.5 |
|
Depreciation |
2.0 |
2.0 |
1.7 |
1.1 |
0.6 |
|
Provisions |
1.0 |
-9.0 |
9.3 |
1.6 |
- |
|
Unrealized Gain/Loss on Foreign Exchange |
0.5 |
0.1 |
0.0 |
0.1 |
-0.1 |
|
Gain/Loss on Sale of Fixed Assets |
- |
- |
-2.7 |
- |
- |
|
Gain/Loss on Investment |
-1.0 |
4.2 |
-5.2 |
-3.6 |
-0.1 |
|
Interest Expense |
7.5 |
4.8 |
10.7 |
3.0 |
1.3 |
|
Increase/Decrease in Accounts Receivable |
-11.4 |
22.8 |
34.8 |
-15.3 |
6.3 |
|
Increase/Decrease in Inventories |
-22.8 |
0.4 |
3.5 |
-7.5 |
1.9 |
|
Increase/Decrease in Accounts Payable |
3.3 |
-12.4 |
-30.4 |
-1.4 |
4.9 |
|
Increase/Decrease in Prepaid Expenses |
0.0 |
-0.1 |
13.7 |
-0.2 |
0.2 |
|
Cash Interest Paid |
-7.5 |
-4.8 |
-10.7 |
-3.0 |
-1.3 |
|
Cash Taxes Paid |
-3.2 |
-0.3 |
-0.5 |
-0.9 |
-0.8 |
|
Other Cash from Operating Activities |
0.1 |
0.1 |
1.0 |
0.0 |
0.0 |
|
Other Cash Paid for Operating Activities |
-2.6 |
-1.8 |
-1.2 |
-0.2 |
0.0 |
|
Cash from Operating Activities |
-14.6 |
20.2 |
22.2 |
-13.3 |
18.3 |
|
|
|
|
|
|
|
|
Capital Expenditure |
-30.3 |
-9.3 |
-5.2 |
-19.2 |
-2.5 |
|
Sale of Fixed Assets |
0.4 |
0.0 |
1.6 |
- |
0.2 |
|
Purchase of Investment |
-5.9 |
-8.8 |
-12.0 |
- |
- |
|
Sale of Investment |
13.6 |
2.7 |
- |
- |
- |
|
Investment in Other Entities |
-0.2 |
-0.8 |
-18.0 |
-29.3 |
-0.1 |
|
Return fr. Investment in Other Entities |
0.1 |
10.2 |
13.7 |
3.4 |
- |
|
Dividend and Interest Income |
1.6 |
2.9 |
0.5 |
0.2 |
- |
|
Cash from Investing Activities |
-20.7 |
-3.2 |
-19.6 |
-44.9 |
-2.4 |
|
|
|
|
|
|
|
|
Issuance of Common Stock |
- |
- |
- |
13.5 |
- |
|
Total Debt Issued |
336.9 |
215.5 |
309.9 |
244.2 |
93.1 |
|
Total Debt Reduction |
-270.7 |
-224.0 |
-300.9 |
-200.5 |
-107.3 |
|
Dividend and Interest Paid |
- |
-5.7 |
-6.6 |
-0.1 |
- |
|
Cash from Financing Activities |
66.2 |
-14.2 |
2.4 |
57.2 |
-14.2 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.0 |
0.1 |
0.0 |
0.0 |
- |
|
Net Change in Cash |
30.8 |
2.9 |
5.1 |
-0.9 |
1.6 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
7.9 |
5.6 |
1.0 |
1.9 |
0.3 |
|
Net Cash - Ending Balance |
38.7 |
8.5 |
6.1 |
1.0 |
1.9 |
|
Cash Interest Paid |
7.5 |
4.8 |
10.7 |
3.0 |
1.3 |
|
Cash Taxes Paid |
3.2 |
0.3 |
0.5 |
0.9 |
0.8 |
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
Key Indicators USD (mil) |
||||||
|
 |
Quarter |
Quarter |
Annual |
1 Year |
3 Year |
5 Year |
|
Total Revenue1 |
62.0 |
89.26% |
266.9 |
65.11% |
29.40% |
16.53% |
|
Operating Income1 |
3.0 |
23.23% |
16.5 |
23.78% |
14.92% |
40.86% |
|
Income Available to Common Excl Extraord Items1 |
2.4 |
27.24% |
16.0 |
27.94% |
17.30% |
41.20% |
|
Basic EPS Excl Extraord Items1 |
0.03 |
27.24% |
0.23 |
27.94% |
13.00% |
39.55% |
|
Capital Expenditures2 |
5.0 |
102.23% |
30.3 |
251.70% |
23.45% |
180.22% |
|
Cash from Operating Activities2 |
-10.2 |
- |
-14.6 |
- |
- |
- |
|
Free Cash Flow |
-14.8 |
- |
-44.1 |
- |
- |
- |
|
Total Assets3 |
202.0 |
74.25% |
199.8 |
75.25% |
22.46% |
46.12% |
|
Total Liabilities3 |
135.0 |
112.65% |
131.1 |
122.94% |
35.37% |
50.10% |
|
Total Long Term Debt3 |
61.4 |
364.88% |
38.3 |
216.56% |
51.32% |
- |
|
Employees3 |
- |
- |
6787 |
11.67% |
28.15% |
- |
|
Total Common Shares Outstanding3 |
70.0 |
0.00% |
70.0 |
0.00% |
0.00% |
1.18% |
|
1-ExchangeRate: VND to USD Average for Period |
20235.373626 |
 |
19140.133880 |
 |
 |
 |
|
2-ExchangeRate: VND to USD Average for Period |
20235.373626 |
 |
19140.133880 |
 |
 |
 |
|
3-ExchangeRate: VND to USD Period End Date |
20895.000000 |
 |
19497.500000 |
 |
 |
 |
|
Key Ratios |
|||||
|
 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Profitability |
|||||
|
Gross Margin |
14.86% |
14.61% |
15.81% |
13.46% |
10.71% |
|
Operating Margin |
6.17% |
8.23% |
-2.78% |
8.81% |
6.25% |
|
Pretax Margin |
7.30% |
8.23% |
-1.11% |
8.95% |
6.54% |
|
Net Profit Margin |
6.00% |
7.74% |
-1.45% |
8.05% |
5.70% |
|
Financial Strength |
|||||
|
Current Ratio |
1.50 |
1.63 |
1.54 |
1.74 |
2.74 |
|
Long Term Debt/Equity |
0.56 |
0.22 |
0.22 |
0.20 |
0.03 |
|
Total Debt/Equity |
1.67 |
0.91 |
1.20 |
0.89 |
0.38 |
|
Management Effectiveness |
|||||
|
Return on Assets |
10.29% |
10.83% |
-1.74% |
12.25% |
9.66% |
|
Return on Equity |
25.38% |
23.75% |
-4.11% |
21.38% |
16.50% |
|
Efficiency |
|||||
|
Receivables Turnover |
17.09 |
7.82 |
3.96 |
3.09 |
2.44 |
|
Inventory Turnover |
4.43 |
3.60 |
4.95 |
10.19 |
12.44 |
|
Asset Turnover |
1.67 |
1.38 |
1.31 |
1.49 |
1.67 |
|
Market Valuation USD (mil) |
||||
|
P/E (TTM) |
4.86 |
. |
Enterprise Value2 |
161.5 |
|
Price/Sales (TTM) |
0.27 |
. |
Enterprise Value/Revenue (TTM) |
0.59 |
|
Price/Book (MRQ) |
1.10 |
. |
Enterprise Value/EBITDA (TTM) |
6.50 |
|
Market Cap as of 05-Aug-20111 |
74.8 |
. |
|
|
|
1-ExchangeRate: VND to USD on 5-Aug-2011 |
20585.000000 |
|
|
|
|
2-ExchangeRate: VND to USD on 31-Mar-2011 |
20895.000000 |
|
|
|
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
7 Months |
|
UpdateType/Date |
Updated Normal |
Reclassified
Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
VND |
VND |
VND |
VND |
VND |
|
Exchange Rate
(Period Average) |
19140.13388 |
17802.088493 |
16452.496831 |
16083.860656 |
15990.427596 |
|
Auditor |
Auditing and
Consulting Joint Stock Company |
Auditing and
Consulting Joint Stock Company |
Ernst &
Young LLP |
Ernst &
Young LLP |
Auditing and
Consulting Joint Stock Company |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Gross Revenue |
269.1 |
175.8 |
176.5 |
146.8 |
85.1 |
|
Sales Returns and Allowances |
-2.2 |
-2.0 |
-1.6 |
-0.2 |
-0.5 |
|
Revenue |
266.9 |
173.8 |
174.8 |
146.6 |
84.6 |
|
Total Revenue |
266.9 |
173.8 |
174.8 |
146.6 |
84.6 |
|
|
|
|
|
|
|
|
Cost of Revenue |
227.2 |
148.4 |
147.2 |
126.8 |
75.5 |
|
Cost of Revenue, Total |
227.2 |
148.4 |
147.2 |
126.8 |
75.5 |
|
Gross Profit |
39.7 |
25.4 |
27.6 |
19.7 |
9.1 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
17.0 |
3.4 |
11.6 |
5.8 |
2.9 |
|
Total Selling/General/Administrative Expenses |
17.0 |
3.4 |
11.6 |
5.8 |
2.9 |
|
Depreciation |
0.1 |
9.9 |
0.1 |
- |
- |
|
Depreciation/Amortization |
0.1 |
9.9 |
0.1 |
- |
- |
|
Interest Expense -
Operating |
7.5 |
4.9 |
10.7 |
3.0 |
1.3 |
|
Interest Expense - Net Operating |
7.5 |
4.9 |
10.7 |
3.0 |
1.3 |
|
Interest Income -
Operating |
-1.4 |
-1.1 |
-1.1 |
-0.1 |
-0.1 |
|
Investment Income -
Operating |
-0.3 |
-6.0 |
11.0 |
-4.2 |
-0.3 |
|
Interest/Investment Income - Operating |
-1.7 |
-7.1 |
9.9 |
-4.3 |
-0.4 |
|
Interest Expense (Income) - Net Operating Total |
5.8 |
-2.2 |
20.7 |
-1.4 |
0.9 |
|
Other Operating Expense |
0.3 |
0.0 |
0.1 |
2.4 |
- |
|
Other, Net |
0.0 |
0.0 |
- |
- |
- |
|
Other Operating Expenses, Total |
0.3 |
0.0 |
0.1 |
2.4 |
- |
|
Total Operating Expense |
250.4 |
159.5 |
179.7 |
133.7 |
79.3 |
|
|
|
|
|
|
|
|
Operating Income |
16.5 |
14.3 |
-4.9 |
12.9 |
5.3 |
|
|
|
|
|
|
|
|
Gain (Loss) on Sale of Assets |
0.0 |
-0.2 |
2.8 |
0.0 |
0.1 |
|
Other Non-Operating Income (Expense) |
3.0 |
0.2 |
0.2 |
0.2 |
0.1 |
|
Other, Net |
3.0 |
0.2 |
0.2 |
0.2 |
0.1 |
|
Income Before Tax |
19.5 |
14.3 |
-1.9 |
13.1 |
5.5 |
|
|
|
|
|
|
|
|
Total Income Tax |
3.0 |
0.7 |
0.4 |
1.1 |
0.6 |
|
Income After Tax |
16.4 |
13.7 |
-2.3 |
12.0 |
4.9 |
|
|
|
|
|
|
|
|
Minority Interest |
-0.4 |
-0.2 |
-0.2 |
-0.2 |
-0.1 |
|
Net Income Before Extraord Items |
16.0 |
13.4 |
-2.5 |
11.8 |
4.8 |
|
Net Income |
16.0 |
13.4 |
-2.5 |
11.8 |
4.8 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
16.0 |
13.4 |
-2.5 |
11.8 |
4.8 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
16.0 |
13.4 |
-2.5 |
11.8 |
4.8 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
70.0 |
70.0 |
70.0 |
62.6 |
66.0 |
|
Basic EPS Excl Extraord Items |
0.23 |
0.19 |
-0.04 |
0.19 |
0.07 |
|
Basic/Primary EPS Incl Extraord Items |
0.23 |
0.19 |
-0.04 |
0.19 |
0.07 |
|
Dilution Adjustment |
- |
- |
0.0 |
- |
- |
|
Diluted Net Income |
16.0 |
13.4 |
-2.5 |
11.8 |
4.8 |
|
Diluted Weighted Average Shares |
70.0 |
70.0 |
70.0 |
62.6 |
66.0 |
|
Diluted EPS Excl Extraord Items |
0.23 |
0.19 |
-0.04 |
0.19 |
0.07 |
|
Diluted EPS Incl Extraord Items |
0.23 |
0.19 |
-0.04 |
0.19 |
0.07 |
|
Dividends per Share - Common Stock Primary Issue |
0.00 |
0.08 |
0.00 |
0.09 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
- |
0.0 |
6.5 |
0.0 |
|
Interest Expense, Supplemental |
7.5 |
4.9 |
10.7 |
3.0 |
1.3 |
|
Depreciation, Supplemental |
2.0 |
1.8 |
1.5 |
1.1 |
0.5 |
|
Total Special Items |
0.0 |
0.4 |
-2.8 |
0.0 |
-0.1 |
|
Normalized Income Before Tax |
19.5 |
14.7 |
-4.7 |
13.1 |
5.4 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
0.0 |
0.0 |
-1.0 |
0.0 |
0.0 |
|
Inc Tax Ex Impact of Sp Items |
3.0 |
0.7 |
-0.6 |
1.1 |
0.6 |
|
Normalized Income After Tax |
16.4 |
14.0 |
-4.1 |
12.0 |
4.8 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
16.0 |
13.8 |
-4.3 |
11.8 |
4.7 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.23 |
0.20 |
-0.06 |
0.19 |
0.07 |
|
Diluted Normalized EPS |
0.23 |
0.20 |
-0.06 |
0.19 |
0.07 |
|
Amort of Acquisition Costs, Supplemental |
0.0 |
0.2 |
- |
- |
- |
|
Amort of Intangibles, Supplemental |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Normalized EBIT |
22.3 |
12.1 |
15.8 |
11.6 |
6.2 |
|
Normalized EBITDA |
24.3 |
14.1 |
17.4 |
12.7 |
6.7 |
|
Current Tax - Total |
3.5 |
1.1 |
0.3 |
1.2 |
0.7 |
|
Current Tax - Total |
3.5 |
1.1 |
0.3 |
1.2 |
0.7 |
|
Deferred Tax - Total |
-0.5 |
-0.4 |
0.1 |
-0.1 |
0.0 |
|
Deferred Tax - Total |
-0.5 |
-0.4 |
0.1 |
-0.1 |
0.0 |
|
Income Tax - Total |
3.0 |
0.7 |
0.4 |
1.1 |
0.6 |
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
31-Mar-2010 |
|
Period Length |
3 Months |
3 Months |
3 Months |
3 Months |
3 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
VND |
VND |
VND |
VND |
VND |
|
Exchange Rate
(Period Average) |
20235.373626 |
19494.150538 |
19277.446237 |
19003.360215 |
18779.813187 |
|
|
|
|
|
|
|
|
Gross Revenue |
62.8 |
105.3 |
74.8 |
52.2 |
35.4 |
|
Sales Returns and Allowances |
-0.8 |
-0.7 |
0.0 |
-1.4 |
-0.1 |
|
Revenue |
62.0 |
104.6 |
74.7 |
50.8 |
35.3 |
|
Total Revenue |
62.0 |
104.6 |
74.7 |
50.8 |
35.3 |
|
|
|
|
|
|
|
|
Cost of Revenue |
53.4 |
95.2 |
59.5 |
41.1 |
30.0 |
|
Cost of Revenue, Total |
53.4 |
95.2 |
59.5 |
41.1 |
30.0 |
|
Gross Profit |
8.6 |
9.4 |
15.2 |
9.7 |
5.3 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
3.4 |
5.9 |
4.9 |
3.7 |
2.4 |
|
Total Selling/General/Administrative Expenses |
3.4 |
5.9 |
4.9 |
3.7 |
2.4 |
|
Depreciation |
0.1 |
0.0 |
0.1 |
0.0 |
0.1 |
|
Depreciation/Amortization |
0.1 |
0.0 |
0.1 |
0.0 |
0.1 |
|
Interest Expense -
Operating |
2.7 |
2.7 |
1.7 |
1.9 |
1.3 |
|
Interest Expense - Net Operating |
2.7 |
2.7 |
1.7 |
1.9 |
1.3 |
|
Interest Income -
Operating |
-0.3 |
- |
-1.2 |
-0.5 |
-0.1 |
|
Investment Income -
Operating |
-0.4 |
0.1 |
-0.2 |
0.7 |
-1.0 |
|
Interest/Investment Income - Operating |
-0.6 |
0.1 |
-1.4 |
0.3 |
-1.1 |
|
Interest Expense (Income) - Net Operating |
- |
0.4 |
- |
- |
- |
|
Interest Expense (Income) - Net Operating Total |
2.1 |
3.2 |
0.3 |
2.1 |
0.2 |
|
Other Operating Expense |
0.0 |
0.2 |
0.0 |
0.0 |
- |
|
Other Operating Expenses, Total |
0.0 |
0.2 |
0.0 |
0.0 |
- |
|
Total Operating Expense |
59.0 |
104.5 |
64.8 |
47.0 |
32.7 |
|
|
|
|
|
|
|
|
Operating Income |
3.0 |
0.1 |
9.9 |
3.8 |
2.6 |
|
|
|
|
|
|
|
|
Other Non-Operating Income (Expense) |
0.0 |
2.7 |
0.1 |
0.0 |
0.1 |
|
Other, Net |
0.0 |
2.7 |
0.1 |
0.0 |
0.1 |
|
Income Before Tax |
3.1 |
2.8 |
10.0 |
3.8 |
2.7 |
|
|
|
|
|
|
|
|
Total Income Tax |
0.6 |
-0.3 |
2.2 |
0.6 |
0.6 |
|
Income After Tax |
2.5 |
3.1 |
7.8 |
3.3 |
2.1 |
|
|
|
|
|
|
|
|
Minority Interest |
-0.1 |
0.0 |
-0.3 |
-0.1 |
-0.1 |
|
Net Income Before Extraord Items |
2.4 |
3.1 |
7.6 |
3.2 |
2.0 |
|
Net Income |
2.4 |
3.1 |
7.6 |
3.2 |
2.0 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
2.4 |
3.1 |
7.6 |
3.2 |
2.0 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
2.4 |
3.1 |
7.6 |
3.2 |
2.0 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
70.0 |
70.0 |
70.0 |
70.0 |
70.0 |
|
Basic EPS Excl Extraord Items |
0.03 |
0.04 |
0.11 |
0.05 |
0.03 |
|
Basic/Primary EPS Incl Extraord Items |
0.03 |
0.04 |
0.11 |
0.05 |
0.03 |
|
Diluted Net Income |
2.4 |
3.1 |
7.6 |
3.2 |
2.0 |
|
Diluted Weighted Average Shares |
70.0 |
70.0 |
70.0 |
70.0 |
70.0 |
|
Diluted EPS Excl Extraord Items |
0.03 |
0.04 |
0.11 |
0.05 |
0.03 |
|
Diluted EPS Incl Extraord Items |
0.03 |
0.04 |
0.11 |
0.05 |
0.03 |
|
Dividends per Share - Common Stock Primary Issue |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Interest Expense, Supplemental |
2.7 |
2.7 |
1.7 |
1.9 |
1.3 |
|
Depreciation, Supplemental |
0.5 |
0.5 |
0.5 |
0.5 |
0.4 |
|
Total Special Items |
- |
- |
- |
0.0 |
0.0 |
|
Normalized Income Before Tax |
3.1 |
2.8 |
10.0 |
3.9 |
2.8 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
- |
- |
- |
0.0 |
0.0 |
|
Inc Tax Ex Impact of Sp Items |
0.6 |
-0.3 |
2.2 |
0.6 |
0.6 |
|
Normalized Income After Tax |
2.5 |
3.1 |
7.8 |
3.3 |
2.2 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
2.4 |
3.1 |
7.6 |
3.3 |
2.1 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.03 |
0.04 |
0.11 |
0.05 |
0.03 |
|
Diluted Normalized EPS |
0.03 |
0.04 |
0.11 |
0.05 |
0.03 |
|
Amort of Acquisition Costs, Supplemental |
- |
- |
- |
0.0 |
0.0 |
|
Amort of Intangibles, Supplemental |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Normalized EBIT |
5.1 |
3.3 |
10.2 |
6.0 |
2.8 |
|
Normalized EBITDA |
5.7 |
3.8 |
10.7 |
6.5 |
3.3 |
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
UpdateType/Date |
Updated Normal |
Reclassified
Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
VND |
VND |
VND |
VND |
VND |
|
Exchange Rate |
19497.5 |
18474 |
17483 |
16016.5 |
16056 |
|
Auditor |
Auditing and
Consulting Joint Stock Company |
Auditing and
Consulting Joint Stock Company |
Ernst &
Young LLP |
Ernst &
Young LLP |
Auditing and
Consulting Joint Stock Company |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash |
24.5 |
4.2 |
1.4 |
1.0 |
1.9 |
|
Cash & Equivalents |
13.6 |
4.0 |
4.3 |
- |
- |
|
Short Term Investments |
4.3 |
12.4 |
12.7 |
12.0 |
- |
|
Cash and Short Term Investments |
42.3 |
20.6 |
18.4 |
13.1 |
1.9 |
|
Accounts Receivable -
Trade, Gross |
19.3 |
- |
- |
- |
- |
|
Provision for Doubtful
Accounts |
0.0 |
- |
- |
- |
- |
|
Trade Accounts Receivable - Net |
19.3 |
9.4 |
25.7 |
54.6 |
39.9 |
|
Other Receivables |
0.3 |
2.2 |
7.3 |
0.0 |
0.7 |
|
Total Receivables, Net |
19.6 |
11.7 |
32.9 |
54.7 |
40.5 |
|
Inventories - Finished Goods |
60.0 |
38.9 |
40.1 |
13.7 |
8.3 |
|
Inventories - Work In Progress |
0.1 |
0.3 |
0.1 |
1.6 |
- |
|
Inventories - Raw Materials |
2.5 |
1.7 |
1.1 |
0.7 |
0.3 |
|
Inventories - Other |
-0.4 |
-0.2 |
-0.3 |
0.2 |
0.1 |
|
Total Inventory |
62.3 |
40.6 |
41.0 |
16.2 |
8.7 |
|
Prepaid Expenses |
3.8 |
1.0 |
0.7 |
1.6 |
0.9 |
|
Other Current Assets |
6.1 |
2.1 |
0.8 |
1.6 |
1.6 |
|
Other Current Assets, Total |
6.1 |
2.1 |
0.8 |
1.6 |
1.6 |
|
Total Current Assets |
134.1 |
75.9 |
93.8 |
87.1 |
53.7 |
|
|
|
|
|
|
|
|
Buildings |
7.9 |
6.1 |
5.9 |
4.3 |
1.6 |
|
Machinery/Equipment |
18.3 |
16.4 |
14.1 |
12.0 |
6.4 |
|
Construction in
Progress |
30.5 |
6.6 |
2.1 |
14.4 |
3.6 |
|
Other
Property/Plant/Equipment |
- |
0.6 |
0.6 |
0.1 |
- |
|
Property/Plant/Equipment - Gross |
56.7 |
29.7 |
22.6 |
30.7 |
11.6 |
|
Accumulated Depreciation |
-8.1 |
-6.6 |
-5.8 |
-4.8 |
-3.7 |
|
Property/Plant/Equipment - Net |
48.6 |
23.1 |
16.8 |
26.0 |
7.9 |
|
Goodwill - Gross |
1.3 |
- |
- |
- |
- |
|
Accumulated Goodwill Amortization |
-0.2 |
- |
- |
- |
- |
|
Goodwill, Net |
1.2 |
1.4 |
1.7 |
- |
- |
|
Intangibles - Gross |
1.3 |
0.7 |
0.7 |
0.7 |
0.6 |
|
Accumulated Intangible Amortization |
-0.2 |
-0.2 |
-0.1 |
-0.1 |
-0.1 |
|
Intangibles, Net |
1.1 |
0.6 |
0.6 |
0.6 |
0.5 |
|
LT Investment - Affiliate Companies |
0.1 |
- |
1.8 |
2.0 |
- |
|
LT Investments - Other |
10.0 |
11.1 |
12.5 |
15.2 |
1.4 |
|
Long Term Investments |
10.1 |
11.1 |
14.4 |
17.2 |
1.4 |
|
Note Receivable - Long Term |
2.6 |
6.5 |
1.2 |
0.6 |
0.2 |
|
Deferred Income Tax - Long Term Asset |
0.8 |
0.4 |
0.0 |
0.1 |
0.0 |
|
Other Long Term Assets |
1.3 |
1.3 |
1.2 |
0.9 |
0.7 |
|
Other Long Term Assets, Total |
2.1 |
1.7 |
1.2 |
0.9 |
0.7 |
|
Total Assets |
199.8 |
120.3 |
129.7 |
132.4 |
64.3 |
|
|
|
|
|
|
|
|
Accounts Payable |
5.4 |
3.7 |
3.5 |
2.5 |
1.2 |
|
Accrued Expenses |
4.9 |
1.1 |
0.4 |
0.4 |
0.3 |
|
Notes Payable/Short Term Debt |
76.5 |
40.1 |
52.1 |
46.4 |
14.6 |
|
Current Portion - Long Term Debt/Capital Leases |
- |
- |
0.3 |
0.3 |
0.3 |
|
Customer Advances |
0.4 |
0.0 |
0.1 |
0.0 |
0.2 |
|
Income Taxes Payable |
1.1 |
0.7 |
0.2 |
0.1 |
0.1 |
|
Other Payables |
0.3 |
0.3 |
4.3 |
0.3 |
2.7 |
|
Other Current Liabilities |
0.6 |
0.7 |
- |
- |
- |
|
Other Current liabilities, Total |
2.4 |
1.7 |
4.6 |
0.5 |
3.1 |
|
Total Current Liabilities |
89.2 |
46.6 |
60.9 |
50.1 |
19.6 |
|
|
|
|
|
|
|
|
Long Term Debt |
38.3 |
12.8 |
12.0 |
13.5 |
1.3 |
|
Total Long Term Debt |
38.3 |
12.8 |
12.0 |
13.5 |
1.3 |
|
Total Debt |
114.8 |
52.9 |
64.5 |
60.2 |
16.3 |
|
|
|
|
|
|
|
|
Minority Interest |
3.5 |
2.5 |
2.7 |
0.8 |
0.7 |
|
Pension Benefits - Underfunded |
0.2 |
0.2 |
0.2 |
- |
- |
|
Other Liabilities, Total |
0.2 |
0.2 |
0.2 |
- |
- |
|
Total Liabilities |
131.1 |
62.1 |
75.9 |
64.4 |
21.7 |
|
|
|
|
|
|
|
|
Common Stock |
35.9 |
37.9 |
40.0 |
43.7 |
37.4 |
|
Common Stock |
35.9 |
37.9 |
40.0 |
43.7 |
37.4 |
|
Additional Paid-In Capital |
9.1 |
9.6 |
10.2 |
11.1 |
- |
|
Retained Earnings (Accumulated Deficit) |
19.8 |
5.7 |
-1.7 |
12.1 |
4.8 |
|
Translation Adjustment |
2.8 |
2.8 |
0.9 |
- |
- |
|
Other Equity |
1.0 |
2.2 |
4.3 |
1.1 |
0.5 |
|
Other Equity, Total |
3.8 |
5.0 |
5.3 |
1.1 |
0.5 |
|
Total Equity |
68.6 |
58.2 |
53.8 |
68.1 |
42.7 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
199.8 |
120.3 |
129.7 |
132.4 |
64.3 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
70.0 |
70.0 |
70.0 |
70.0 |
66.0 |
|
Total Common Shares Outstanding |
70.0 |
70.0 |
70.0 |
70.0 |
66.0 |
|
Treasury Shares - Common Stock Primary Issue |
0.0 |
0.0 |
0.0 |
- |
- |
|
Employees |
6,787 |
6,078 |
4,179 |
3,225 |
2,263 |
|
Accumulated Goodwill Amortization Suppl. |
0.2 |
- |
- |
- |
- |
|
Accumulated Intangible Amort, Suppl. |
0.2 |
0.2 |
0.1 |
0.1 |
0.1 |
|
Deferred Revenue - Current |
0.4 |
0.0 |
0.1 |
0.0 |
0.2 |
|
Total Long Term Debt, Supplemental |
38.3 |
- |
12.0 |
- |
- |
|
Long Term Debt Maturing within 1 Year |
7.7 |
- |
0.2 |
- |
- |
|
Long Term Debt Maturing in Year 2 |
7.7 |
- |
0.2 |
- |
- |
|
Long Term Debt Maturing in Year 3 |
7.7 |
- |
0.2 |
- |
- |
|
Long Term Debt Maturing in Year 4 |
7.7 |
- |
11.4 |
- |
- |
|
Long Term Debt Maturing in Year 5 |
7.7 |
- |
- |
- |
- |
|
Long Term Debt Maturing in 2-3 Years |
15.3 |
- |
0.4 |
- |
- |
|
Long Term Debt Maturing in 4-5 Years |
15.3 |
- |
11.4 |
- |
- |
|
Long Term Debt Matur. in Year 6 & Beyond |
0.0 |
- |
0.0 |
- |
- |
|
Total Operating Leases, Supplemental |
0.2 |
0.3 |
- |
- |
- |
|
Operating Lease Payments Due in Year 1 |
0.0 |
0.0 |
- |
- |
- |
|
Operating Lease Payments Due in Year 2 |
0.0 |
0.0 |
- |
- |
- |
|
Operating Lease Payments Due in Year 3 |
0.1 |
0.1 |
- |
- |
- |
|
Operating Lease Payments Due in Year 4 |
0.1 |
0.1 |
- |
- |
- |
|
Operating Lease Payments Due in Year 5 |
0.1 |
0.1 |
- |
- |
- |
|
Operating Lease Pymts. Due in 2-3 Years |
0.1 |
0.1 |
- |
- |
- |
|
Operating Lease Pymts. Due in 4-5 Years |
0.1 |
0.2 |
- |
- |
- |
|
Oper. Lse. Pymts. Due in Year 6 & Beyond |
0.0 |
-0.1 |
- |
- |
- |
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
31-Mar-2010 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
VND |
VND |
VND |
VND |
VND |
|
Exchange Rate |
20895 |
19497.5 |
19475 |
19080 |
19090 |
|
|
|
|
|
|
|
|
Cash |
27.0 |
24.5 |
1.9 |
9.3 |
1.5 |
|
Cash & Equivalents |
6.1 |
13.6 |
2.6 |
2.7 |
2.6 |
|
Short Term Investments |
1.6 |
4.3 |
7.1 |
9.8 |
7.9 |
|
Cash and Short Term Investments |
34.7 |
42.3 |
11.7 |
21.8 |
12.0 |
|
Accounts Receivable -
Trade, Gross |
17.6 |
19.3 |
18.9 |
8.8 |
11.2 |
|
Provision for Doubtful
Accounts |
0.0 |
0.0 |
- |
- |
- |
|
Trade Accounts Receivable - Net |
17.6 |
19.3 |
18.9 |
8.8 |
11.2 |
|
Other Receivables |
0.8 |
0.3 |
0.3 |
0.1 |
0.2 |
|
Total Receivables, Net |
18.4 |
19.6 |
19.2 |
8.9 |
11.4 |
|
Inventories - Finished Goods |
60.4 |
60.0 |
65.5 |
47.0 |
45.4 |
|
Inventories - Work In Progress |
1.6 |
0.1 |
2.0 |
1.4 |
1.0 |
|
Inventories - Raw Materials |
3.8 |
2.5 |
2.4 |
2.3 |
2.0 |
|
Inventories - Other |
-0.8 |
-0.4 |
-0.5 |
-0.7 |
-0.3 |
|
Total Inventory |
65.0 |
62.3 |
69.4 |
50.1 |
48.1 |
|
Prepaid Expenses |
7.7 |
3.8 |
3.6 |
5.4 |
4.7 |
|
Other Current Assets |
6.6 |
6.1 |
7.3 |
4.5 |
3.3 |
|
Other Current Assets, Total |
6.6 |
6.1 |
7.3 |
4.5 |
3.3 |
|
Total Current Assets |
132.4 |
134.1 |
111.1 |
90.6 |
79.6 |
|
|
|
|
|
|
|
|
Buildings |
7.7 |
7.9 |
6.7 |
6.2 |
6.0 |
|
Machinery/Equipment |
18.5 |
18.3 |
17.8 |
17.2 |
16.8 |
|
Construction in
Progress |
31.7 |
30.5 |
25.4 |
8.8 |
8.0 |
|
Other
Property/Plant/Equipment |
0.0 |
0.0 |
0.6 |
0.6 |
0.6 |
|
Property/Plant/Equipment - Gross |
57.9 |
56.7 |
50.5 |
32.9 |
31.4 |
|
Accumulated Depreciation |
-8.1 |
-8.1 |
-7.7 |
-7.3 |
-6.8 |
|
Property/Plant/Equipment - Net |
49.7 |
48.6 |
42.8 |
25.6 |
24.6 |
|
Goodwill - Gross |
1.1 |
- |
- |
- |
- |
|
Accumulated Goodwill Amortization |
0.0 |
- |
- |
- |
- |
|
Goodwill, Net |
1.1 |
1.2 |
1.2 |
1.3 |
1.3 |
|
Intangibles - Gross |
1.2 |
1.3 |
1.3 |
1.3 |
0.7 |
|
Accumulated Intangible Amortization |
-0.2 |
-0.2 |
-0.2 |
-0.2 |
-0.2 |
|
Intangibles, Net |
1.0 |
1.1 |
1.1 |
1.2 |
0.5 |
|
LT Investment - Affiliate Companies |
0.1 |
0.1 |
0.0 |
0.0 |
0.0 |
|
LT Investments - Other |
7.9 |
10.0 |
10.0 |
10.1 |
10.7 |
|
Long Term Investments |
7.9 |
10.1 |
10.0 |
10.2 |
10.8 |
|
Note Receivable - Long Term |
3.1 |
2.6 |
- |
5.2 |
5.9 |
|
Deferred Income Tax - Long Term Asset |
0.8 |
0.8 |
0.4 |
0.4 |
0.4 |
|
Other Long Term Assets |
6.0 |
1.3 |
3.8 |
1.3 |
3.8 |
|
Other Long Term Assets, Total |
6.8 |
2.1 |
4.1 |
1.6 |
4.2 |
|
Total Assets |
202.0 |
199.8 |
170.4 |
135.6 |
126.9 |
|
|
|
|
|
|
|
|
Accounts Payable |
4.9 |
5.4 |
7.4 |
6.2 |
4.2 |
|
Accrued Expenses |
4.6 |
4.9 |
1.3 |
1.1 |
0.8 |
|
Notes Payable/Short Term Debt |
57.8 |
76.5 |
62.3 |
46.8 |
45.0 |
|
Current Portion - Long Term Debt/Capital Leases |
- |
- |
0.1 |
0.1 |
0.2 |
|
Customer Advances |
1.0 |
0.4 |
0.1 |
0.0 |
0.2 |
|
Income Taxes Payable |
0.7 |
1.1 |
2.6 |
1.3 |
0.9 |
|
Other Payables |
1.0 |
0.3 |
1.5 |
0.8 |
0.3 |
|
Other Current Liabilities |
0.2 |
0.6 |
1.1 |
1.2 |
- |
|
Other Current liabilities, Total |
2.8 |
2.4 |
5.3 |
3.3 |
1.3 |
|
Total Current Liabilities |
70.2 |
89.2 |
76.4 |
57.4 |
51.6 |
|
|
|
|
|
|
|
|
Long Term Debt |
61.4 |
38.3 |
24.6 |
15.5 |
14.5 |
|
Total Long Term Debt |
61.4 |
38.3 |
24.6 |
15.5 |
14.5 |
|
Total Debt |
119.2 |
114.8 |
87.0 |
62.4 |
59.7 |
|
|
|
|
|
|
|
|
Minority Interest |
3.3 |
3.5 |
3.4 |
3.2 |
3.3 |
|
Pension Benefits - Underfunded |
0.2 |
0.2 |
0.2 |
0.2 |
0.2 |
|
Other Liabilities, Total |
0.2 |
0.2 |
0.2 |
0.2 |
0.2 |
|
Total Liabilities |
135.0 |
131.1 |
104.6 |
76.4 |
69.5 |
|
|
|
|
|
|
|
|
Common Stock |
33.5 |
35.9 |
35.9 |
36.7 |
36.7 |
|
Common Stock |
33.5 |
35.9 |
35.9 |
36.7 |
36.7 |
|
Additional Paid-In Capital |
8.5 |
9.1 |
9.1 |
9.3 |
9.3 |
|
Retained Earnings (Accumulated Deficit) |
20.8 |
19.8 |
16.7 |
9.4 |
7.5 |
|
Translation Adjustment |
3.5 |
2.8 |
2.8 |
2.6 |
2.6 |
|
Other Equity |
0.7 |
1.0 |
1.2 |
1.2 |
1.3 |
|
Other Equity, Total |
4.1 |
3.8 |
4.0 |
3.8 |
3.9 |
|
Total Equity |
67.0 |
68.6 |
65.8 |
59.2 |
57.4 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
202.0 |
199.8 |
170.4 |
135.6 |
126.9 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
70.0 |
70.0 |
70.0 |
70.0 |
70.0 |
|
Total Common Shares Outstanding |
70.0 |
70.0 |
70.0 |
70.0 |
70.0 |
|
Treasury Shares - Common Stock Primary Issue |
- |
0.0 |
- |
- |
0.0 |
|
Employees |
- |
6,787 |
- |
- |
- |
|
Accumulated Goodwill Amortization Suppl. |
0.0 |
- |
- |
- |
- |
|
Accumulated Intangible Amort, Suppl. |
0.2 |
0.2 |
0.2 |
0.2 |
0.2 |
|
Deferred Revenue - Current |
1.0 |
0.4 |
0.1 |
0.0 |
0.2 |
|
Total Long Term Debt, Supplemental |
- |
38.3 |
- |
15.5 |
- |
|
Long Term Debt Maturing within 1 Year |
- |
7.7 |
- |
3.1 |
- |
|
Long Term Debt Maturing in Year 2 |
- |
7.7 |
- |
3.1 |
- |
|
Long Term Debt Maturing in Year 3 |
- |
7.7 |
- |
3.1 |
- |
|
Long Term Debt Maturing in Year 4 |
- |
7.7 |
- |
3.1 |
- |
|
Long Term Debt Maturing in Year 5 |
- |
7.7 |
- |
3.1 |
- |
|
Long Term Debt Maturing in 2-3 Years |
- |
15.3 |
- |
6.2 |
- |
|
Long Term Debt Maturing in 4-5 Years |
- |
15.3 |
- |
6.2 |
- |
|
Long Term Debt Matur. in Year 6 & Beyond |
- |
0.0 |
- |
- |
- |
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
7 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Restated Normal |
Reclassified
Normal |
Reclassified
Normal |
|
Filed Currency |
VND |
VND |
VND |
VND |
VND |
|
Exchange Rate
(Period Average) |
19140.13388 |
17802.088493 |
16452.496831 |
16083.860656 |
15990.427596 |
|
Auditor |
Auditing and
Consulting Joint Stock Company |
Auditing and
Consulting Joint Stock Company |
Ernst &
Young LLP |
Ernst &
Young LLP |
Auditing and
Consulting Joint Stock Company |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
19.5 |
14.3 |
-1.9 |
13.1 |
5.5 |
|
Depreciation |
2.0 |
2.0 |
1.7 |
1.1 |
0.6 |
|
Depreciation/Depletion |
2.0 |
2.0 |
1.7 |
1.1 |
0.6 |
|
Unusual Items |
-1.0 |
4.2 |
-5.2 |
-3.6 |
-0.1 |
|
Other Non-Cash Items |
9.0 |
-4.1 |
17.4 |
4.6 |
1.2 |
|
Non-Cash Items |
8.0 |
0.1 |
12.3 |
1.0 |
1.1 |
|
Accounts Receivable |
-11.4 |
22.8 |
34.8 |
-15.3 |
6.3 |
|
Inventories |
-22.8 |
0.4 |
3.5 |
-7.5 |
1.9 |
|
Prepaid Expenses |
0.0 |
-0.1 |
13.7 |
-0.2 |
0.2 |
|
Accounts Payable |
3.3 |
-12.4 |
-30.4 |
-1.4 |
4.9 |
|
Taxes Payable |
-3.2 |
-0.3 |
-0.5 |
-0.9 |
-0.8 |
|
Other Operating Cash Flow |
-10.0 |
-6.5 |
-10.9 |
-3.2 |
-1.3 |
|
Changes in Working Capital |
-44.1 |
3.9 |
10.2 |
-28.4 |
11.1 |
|
Cash from Operating Activities |
-14.6 |
20.2 |
22.2 |
-13.3 |
18.3 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-30.3 |
-9.3 |
-5.2 |
-19.2 |
-2.5 |
|
Capital Expenditures |
-30.3 |
-9.3 |
-5.2 |
-19.2 |
-2.5 |
|
Sale of Fixed Assets |
0.4 |
0.0 |
1.6 |
- |
0.2 |
|
Sale/Maturity of Investment |
13.6 |
2.7 |
- |
- |
- |
|
Purchase of Investments |
-6.1 |
-9.7 |
-30.0 |
-29.3 |
-0.1 |
|
Other Investing Cash Flow |
1.7 |
13.0 |
14.2 |
3.6 |
- |
|
Other Investing Cash Flow Items, Total |
9.6 |
6.1 |
-14.3 |
-25.7 |
0.1 |
|
Cash from Investing Activities |
-20.7 |
-3.2 |
-19.6 |
-44.9 |
-2.4 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
- |
-5.7 |
-6.6 |
-0.1 |
- |
|
Financing Cash Flow Items |
- |
-5.7 |
-6.6 |
-0.1 |
- |
|
Sale/Issuance of
Common |
- |
- |
- |
13.5 |
- |
|
Common Stock, Net |
- |
- |
- |
13.5 |
- |
|
Issuance (Retirement) of Stock, Net |
- |
- |
- |
13.5 |
- |
|
Total Debt Issued |
336.9 |
215.5 |
309.9 |
244.2 |
93.1 |
|
Total Debt Reduction |
-270.7 |
-224.0 |
-300.9 |
-200.5 |
-107.3 |
|
Issuance (Retirement) of Debt, Net |
66.2 |
-8.5 |
9.0 |
43.7 |
-14.2 |
|
Cash from Financing Activities |
66.2 |
-14.2 |
2.4 |
57.2 |
-14.2 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.0 |
0.1 |
0.0 |
0.0 |
- |
|
Net Change in Cash |
30.8 |
2.9 |
5.1 |
-0.9 |
1.6 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
7.9 |
5.6 |
1.0 |
1.9 |
0.3 |
|
Net Cash - Ending Balance |
38.7 |
8.5 |
6.1 |
1.0 |
1.9 |
|
Cash Interest Paid |
7.5 |
4.8 |
10.7 |
3.0 |
1.3 |
|
Cash Taxes Paid |
3.2 |
0.3 |
0.5 |
0.9 |
0.8 |
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
31-Mar-2010 |
|
Period Length |
3 Months |
12 Months |
9 Months |
6 Months |
3 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
VND |
VND |
VND |
VND |
VND |
|
Exchange Rate
(Period Average) |
20235.373626 |
19140.13388 |
19019.207273 |
18888.303279 |
18779.813187 |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
3.1 |
19.5 |
16.7 |
6.6 |
2.7 |
|
Depreciation |
0.5 |
2.0 |
1.5 |
0.9 |
0.5 |
|
Depreciation/Depletion |
0.5 |
2.0 |
1.5 |
0.9 |
0.5 |
|
Unusual Items |
-0.3 |
-1.0 |
-0.8 |
-0.5 |
- |
|
Other Non-Cash Items |
3.3 |
9.0 |
5.6 |
4.2 |
1.0 |
|
Non-Cash Items |
3.0 |
8.0 |
4.8 |
3.7 |
1.0 |
|
Accounts Receivable |
-35.7 |
-11.4 |
5.0 |
24.6 |
-17.9 |
|
Inventories |
-4.8 |
-22.8 |
-31.7 |
-11.3 |
-8.9 |
|
Prepaid Expenses |
-2.9 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Accounts Payable |
29.3 |
3.3 |
-11.0 |
-24.7 |
13.9 |
|
Taxes Payable |
-0.5 |
-3.2 |
-1.0 |
-0.5 |
-0.1 |
|
Other Operating Cash Flow |
-2.3 |
-10.0 |
-5.6 |
-5.6 |
-2.7 |
|
Changes in Working Capital |
-16.8 |
-44.1 |
-44.3 |
-17.4 |
-15.7 |
|
Cash from Operating Activities |
-10.2 |
-14.6 |
-21.3 |
-6.2 |
-11.5 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-5.0 |
-30.3 |
-23.4 |
-4.4 |
-2.7 |
|
Capital Expenditures |
-5.0 |
-30.3 |
-23.4 |
-4.4 |
-2.7 |
|
Sale of Fixed Assets |
0.0 |
0.4 |
- |
- |
0.0 |
|
Sale/Maturity of Investment |
0.0 |
13.6 |
8.4 |
0.8 |
3.2 |
|
Purchase of Investments |
0.0 |
-6.1 |
-6.4 |
-0.5 |
-1.7 |
|
Other Investing Cash Flow |
0.3 |
1.7 |
1.0 |
2.6 |
- |
|
Other Investing Cash Flow Items, Total |
0.3 |
9.6 |
3.0 |
2.9 |
1.6 |
|
Cash from Investing Activities |
-4.7 |
-20.7 |
-20.4 |
-1.5 |
-1.1 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
0.0 |
0.0 |
-0.1 |
- |
0.0 |
|
Financing Cash Flow Items |
0.0 |
0.0 |
-0.1 |
- |
0.0 |
|
Sale/Issuance of
Common |
0.0 |
0.0 |
0.8 |
- |
- |
|
Common Stock, Net |
0.0 |
0.0 |
0.8 |
- |
- |
|
Issuance (Retirement) of Stock, Net |
0.0 |
0.0 |
0.8 |
- |
- |
|
Total Debt Issued |
107.3 |
336.9 |
219.0 |
107.2 |
51.0 |
|
Total Debt Reduction |
-94.8 |
-270.7 |
-181.3 |
-95.5 |
-42.3 |
|
Issuance (Retirement) of Debt, Net |
12.5 |
66.2 |
37.7 |
11.7 |
8.7 |
|
Cash from Financing Activities |
12.5 |
66.2 |
38.4 |
11.7 |
8.7 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.1 |
0.0 |
0.0 |
0.1 |
0.0 |
|
Net Change in Cash |
-2.5 |
30.8 |
-3.3 |
4.1 |
-3.9 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
36.6 |
7.9 |
7.9 |
8.0 |
8.0 |
|
Net Cash - Ending Balance |
34.2 |
38.7 |
4.6 |
12.1 |
4.1 |
|
Cash Interest Paid |
- |
7.5 |
4.1 |
2.6 |
1.3 |
|
Cash Taxes Paid |
- |
3.2 |
1.0 |
0.5 |
0.1 |
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
|
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
7 Months |
|
UpdateType/Date |
Updated Normal |
Reclassified
Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
VND |
VND |
VND |
VND |
VND |
|
Exchange Rate
(Period Average) |
19140.13388 |
17802.088493 |
16452.496831 |
16083.860656 |
15990.427596 |
|
Auditor |
Auditing and
Consulting Joint Stock Company |
Auditing and
Consulting Joint Stock Company |
Ernst &
Young LLP |
Ernst &
Young LLP |
Auditing and
Consulting Joint Stock Company |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Gross Sales |
269.1 |
175.8 |
176.5 |
146.8 |
85.1 |
|
Sales Returns and Allowances |
-2.2 |
-2.0 |
-1.6 |
-0.2 |
-0.5 |
|
Total Revenue |
266.9 |
173.8 |
174.8 |
146.6 |
84.6 |
|
|
|
|
|
|
|
|
Cost of Goods Sold |
227.2 |
148.4 |
147.2 |
126.8 |
75.5 |
|
Interest Income |
-1.4 |
-1.1 |
-1.1 |
-0.1 |
-0.1 |
|
Unrealized Gain from Foreign Exchange |
0.0 |
-0.2 |
- |
0.0 |
-0.1 |
|
Gain from Foreign Exchange |
-1.6 |
-2.1 |
-2.4 |
-0.2 |
-0.3 |
|
Dividend Income |
0.0 |
-1.7 |
-0.4 |
-0.1 |
- |
|
Income from Securities Investment |
- |
-7.5 |
- |
-9.3 |
- |
|
Income from Financial Activities |
0.0 |
0.0 |
- |
- |
- |
|
Interest Expense |
7.5 |
4.9 |
10.7 |
3.0 |
1.3 |
|
Loss from Foreign Exchange |
0.2 |
0.0 |
0.7 |
0.1 |
0.1 |
|
Unrealized Loss from Foreign Exchange |
0.5 |
0.0 |
- |
0.1 |
- |
|
Expense from Securities Trading |
0.1 |
14.2 |
4.5 |
5.2 |
- |
|
Provision for Securities Investment |
0.5 |
-8.8 |
8.6 |
- |
- |
|
Other Expenses from Financial Activities |
0.3 |
0.0 |
0.1 |
2.4 |
- |
|
Depreciation in Selling Expense |
0.0 |
9.8 |
- |
- |
- |
|
Selling Expense |
14.3 |
1.6 |
9.5 |
4.7 |
2.5 |
|
Depreciation Expense |
- |
- |
0.1 |
- |
- |
|
Depreciation in GA Expense |
0.1 |
0.1 |
- |
- |
- |
|
General and Administrative Expenses |
2.8 |
1.7 |
2.0 |
1.1 |
0.4 |
|
Total Operating Expense |
250.4 |
159.5 |
179.7 |
133.7 |
79.3 |
|
|
|
|
|
|
|
|
Gain on Sale of Assets |
0.0 |
0.3 |
15.5 |
0.0 |
0.4 |
|
Other Non-Operating Income |
3.1 |
0.2 |
0.2 |
0.2 |
0.1 |
|
Loss on Sale of Assets |
0.0 |
-0.5 |
-12.8 |
0.0 |
-0.2 |
|
Other Non-Operating Expense |
-0.1 |
0.0 |
-0.1 |
0.0 |
0.0 |
|
Net Income Before Taxes |
19.5 |
14.3 |
-1.9 |
13.1 |
5.5 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
3.0 |
0.7 |
0.4 |
1.1 |
0.6 |
|
Net Income After Taxes |
16.4 |
13.7 |
-2.3 |
12.0 |
4.9 |
|
|
|
|
|
|
|
|
Minority Interest |
-0.4 |
-0.2 |
-0.2 |
-0.2 |
-0.1 |
|
Net Income Before Extra. Items |
16.0 |
13.4 |
-2.5 |
11.8 |
4.8 |
|
Net Income |
16.0 |
13.4 |
-2.5 |
11.8 |
4.8 |
|
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
16.0 |
13.4 |
-2.5 |
11.8 |
4.8 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
16.0 |
13.4 |
-2.5 |
11.8 |
4.8 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
70.0 |
70.0 |
70.0 |
62.6 |
66.0 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.23 |
0.19 |
-0.04 |
0.19 |
0.07 |
|
Basic EPS Including ExtraOrdinary Items |
0.23 |
0.19 |
-0.04 |
0.19 |
0.07 |
|
Dilution Adjustment |
- |
- |
0.0 |
- |
- |
|
Diluted Net Income |
16.0 |
13.4 |
-2.5 |
11.8 |
4.8 |
|
Diluted Weighted Average Shares |
70.0 |
70.0 |
70.0 |
62.6 |
66.0 |
|
Diluted EPS Excluding ExtraOrd Items |
0.23 |
0.19 |
-0.04 |
0.19 |
0.07 |
|
Diluted EPS Including ExtraOrd Items |
0.23 |
0.19 |
-0.04 |
0.19 |
0.07 |
|
DPS-Common Stock |
0.00 |
0.08 |
0.00 |
0.09 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
- |
0.0 |
6.5 |
0.0 |
|
Normalized Income Before Taxes |
19.5 |
14.7 |
-4.7 |
13.1 |
5.4 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
3.0 |
0.7 |
-0.6 |
1.1 |
0.6 |
|
Normalized Income After Taxes |
16.4 |
14.0 |
-4.1 |
12.0 |
4.8 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
16.0 |
13.8 |
-4.3 |
11.8 |
4.7 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.23 |
0.20 |
-0.06 |
0.19 |
0.07 |
|
Diluted Normalized EPS |
0.23 |
0.20 |
-0.06 |
0.19 |
0.07 |
|
Interest Expense |
7.5 |
4.9 |
10.7 |
3.0 |
1.3 |
|
Depreciation |
2.0 |
1.8 |
1.5 |
1.1 |
0.5 |
|
Depreciation, Investment Properties |
0.0 |
- |
- |
- |
- |
|
Amortization of Intangibles |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Amortization of Goodwill |
0.0 |
0.2 |
- |
- |
- |
|
Current Tax - Total |
3.5 |
1.1 |
0.3 |
1.2 |
0.7 |
|
Current Tax - Total |
3.5 |
1.1 |
0.3 |
1.2 |
0.7 |
|
Deferred Tax - Total |
-0.5 |
-0.4 |
0.1 |
-0.1 |
0.0 |
|
Deferred Tax - Total |
-0.5 |
-0.4 |
0.1 |
-0.1 |
0.0 |
|
Income Tax - Total |
3.0 |
0.7 |
0.4 |
1.1 |
0.6 |
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
|
|
|
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
31-Mar-2010 |
|
Period Length |
3 Months |
3 Months |
3 Months |
3 Months |
3 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
VND |
VND |
VND |
VND |
VND |
|
Exchange Rate
(Period Average) |
20235.373626 |
19494.150538 |
19277.446237 |
19003.360215 |
18779.813187 |
|
|
|
|
|
|
|
|
Gross Sales |
62.8 |
105.3 |
74.8 |
52.2 |
35.4 |
|
Sales Returns and Allowances |
-0.8 |
-0.7 |
0.0 |
-1.4 |
-0.1 |
|
Total Revenue |
62.0 |
104.6 |
74.7 |
50.8 |
35.3 |
|
|
|
|
|
|
|
|
Cost of Goods Sold |
53.4 |
95.2 |
59.5 |
41.1 |
30.0 |
|
Interest Income |
-0.3 |
- |
-1.2 |
-0.5 |
-0.1 |
|
Interest Income |
- |
0.4 |
- |
- |
- |
|
Unrealized Gain from Foreign Exchange |
- |
0.0 |
- |
0.0 |
- |
|
Gain on Foreign Exchange |
-1.7 |
-0.4 |
-0.2 |
0.0 |
-1.0 |
|
Dividend Income |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Interest Expense |
2.7 |
2.7 |
1.7 |
1.9 |
1.3 |
|
Loss from Foreign Exchange |
0.0 |
0.1 |
0.1 |
0.0 |
0.0 |
|
Unrealized Loss
from Foreign Exchange |
- |
0.3 |
- |
0.1 |
- |
|
Expense from Securities Investment |
- |
0.0 |
- |
0.1 |
- |
|
Provisions for Decline in Investment |
1.4 |
0.0 |
- |
0.5 |
- |
|
Expense from Financial Activities |
0.0 |
0.2 |
0.0 |
0.0 |
- |
|
Depreciation, Selling Expense |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Selling Expense |
2.7 |
4.8 |
4.2 |
3.2 |
1.9 |
|
Depreciation, General Expenses |
0.1 |
- |
0.1 |
- |
0.1 |
|
General and Administrative Expenses |
0.6 |
1.1 |
0.7 |
0.5 |
0.4 |
|
Total Operating Expense |
59.0 |
104.5 |
64.8 |
47.0 |
32.7 |
|
|
|
|
|
|
|
|
Other Non-Operating Income |
0.0 |
2.8 |
0.1 |
0.1 |
0.1 |
|
Other Non-Operating Expense |
0.0 |
0.0 |
0.0 |
-0.1 |
0.0 |
|
Net Income Before Taxes |
3.1 |
2.8 |
10.0 |
3.8 |
2.7 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
0.6 |
-0.3 |
2.2 |
0.6 |
0.6 |
|
Net Income After Taxes |
2.5 |
3.1 |
7.8 |
3.3 |
2.1 |
|
|
|
|
|
|
|
|
Minority Interest |
-0.1 |
0.0 |
-0.3 |
-0.1 |
-0.1 |
|
Net Income Before Extra. Items |
2.4 |
3.1 |
7.6 |
3.2 |
2.0 |
|
Net Income |
2.4 |
3.1 |
7.6 |
3.2 |
2.0 |
|
|
|
|
|
|
|
|
Income Available
to Com Excl ExtraOrd |
2.4 |
3.1 |
7.6 |
3.2 |
2.0 |
|
|
|
|
|
|
|
|
Income Available
to Com Incl ExtraOrd |
2.4 |
3.1 |
7.6 |
3.2 |
2.0 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
70.0 |
70.0 |
70.0 |
70.0 |
70.0 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.03 |
0.04 |
0.11 |
0.05 |
0.03 |
|
Basic EPS Including ExtraOrdinary Items |
0.03 |
0.04 |
0.11 |
0.05 |
0.03 |
|
Diluted Net Income |
2.4 |
3.1 |
7.6 |
3.2 |
2.0 |
|
Diluted Weighted Average Shares |
70.0 |
70.0 |
70.0 |
70.0 |
70.0 |
|
Diluted EPS Excluding ExtraOrd Items |
0.03 |
0.04 |
0.11 |
0.05 |
0.03 |
|
Diluted EPS Including ExtraOrd Items |
0.03 |
0.04 |
0.11 |
0.05 |
0.03 |
|
DPS-Common Stock |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Normalized Income Before Taxes |
3.1 |
2.8 |
10.0 |
3.9 |
2.8 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
0.6 |
-0.3 |
2.2 |
0.6 |
0.6 |
|
Normalized Income After Taxes |
2.5 |
3.1 |
7.8 |
3.3 |
2.2 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
2.4 |
3.1 |
7.6 |
3.3 |
2.1 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.03 |
0.04 |
0.11 |
0.05 |
0.03 |
|
Diluted Normalized EPS |
0.03 |
0.04 |
0.11 |
0.05 |
0.03 |
|
Interest Expense |
2.7 |
2.7 |
1.7 |
1.9 |
1.3 |
|
Depreciation |
0.5 |
0.5 |
0.5 |
0.5 |
0.4 |
|
Amortization of Intangibles |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Depreciation, Goodwill |
- |
- |
- |
0.0 |
0.0 |
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
|
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
UpdateType/Date |
Updated Normal |
Reclassified
Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
VND |
VND |
VND |
VND |
VND |
|
Exchange Rate |
19497.5 |
18474 |
17483 |
16016.5 |
16056 |
|
Auditor |
Auditing and
Consulting Joint Stock Company |
Auditing and
Consulting Joint Stock Company |
Ernst &
Young LLP |
Ernst &
Young LLP |
Auditing and
Consulting Joint Stock Company |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash |
24.5 |
4.2 |
1.4 |
1.0 |
1.9 |
|
Cash and Equivalents |
13.6 |
4.0 |
4.3 |
- |
- |
|
Short Term Investment |
4.7 |
13.0 |
21.6 |
13.6 |
- |
|
Provisions for Short Term Investment |
-0.4 |
-0.6 |
-8.9 |
-1.6 |
- |
|
Accounts Receivable, Net |
- |
9.4 |
25.7 |
54.6 |
39.9 |
|
Accounts Receivable |
19.3 |
- |
- |
- |
- |
|
Prepayment to Suppliers |
3.8 |
1.0 |
0.6 |
1.5 |
0.9 |
|
Other Receivables |
0.3 |
2.1 |
7.1 |
0.0 |
0.5 |
|
Provision for Doubtful Account |
0.0 |
- |
- |
- |
- |
|
Inventory in Transit |
0.2 |
- |
- |
- |
- |
|
Raw Materials |
2.5 |
1.7 |
1.1 |
0.7 |
0.3 |
|
Tools and Instruments |
0.3 |
0.2 |
0.3 |
0.2 |
0.1 |
|
Work in Progress |
0.1 |
0.3 |
0.1 |
1.6 |
- |
|
Finished Goods |
36.4 |
18.6 |
40.1 |
13.5 |
8.3 |
|
Merchandise |
23.7 |
20.3 |
0.0 |
0.2 |
0.0 |
|
Provision for Inventories |
-0.9 |
-0.4 |
-0.6 |
- |
- |
|
Adjustment, Inventories |
- |
- |
- |
0.0 |
- |
|
Short Term Prepaid Expense |
0.0 |
0.0 |
0.0 |
0.1 |
0.0 |
|
Claimable VAT |
4.7 |
1.7 |
0.5 |
1.4 |
1.5 |
|
Taxes Receivable |
0.0 |
0.1 |
0.2 |
0.0 |
0.2 |
|
Other Current Assets |
1.4 |
0.3 |
0.3 |
0.2 |
0.1 |
|
Total Current Assets |
134.1 |
75.9 |
93.8 |
87.1 |
53.7 |
|
|
|
|
|
|
|
|
Other Long Term Receivables |
2.6 |
6.5 |
1.2 |
0.6 |
0.2 |
|
Buildings and Structures |
7.9 |
6.1 |
5.9 |
4.3 |
1.6 |
|
Machinery and Equipment |
16.5 |
14.7 |
12.4 |
10.5 |
6.0 |
|
Transportation Equipment |
1.5 |
1.4 |
1.4 |
1.2 |
0.2 |
|
Office Equipment |
0.3 |
0.3 |
0.3 |
0.3 |
0.2 |
|
Adjustment, Tangibles |
- |
- |
- |
0.1 |
- |
|
Accumulated Depreciation |
-8.1 |
-6.5 |
-5.8 |
-4.8 |
-3.7 |
|
Intangibles, Gross |
1.3 |
0.7 |
0.7 |
0.7 |
0.6 |
|
Accumulated Intangible Amortization |
-0.2 |
-0.2 |
-0.1 |
-0.1 |
-0.1 |
|
Construction in Progress |
30.5 |
6.6 |
2.1 |
14.4 |
3.6 |
|
Investment Properties |
- |
0.6 |
0.6 |
- |
- |
|
Depreciation, Investment Properties |
- |
0.0 |
0.0 |
- |
- |
|
Investment in Affiliates |
0.1 |
- |
1.8 |
2.0 |
- |
|
Other Long Term Investment |
10.6 |
11.1 |
13.2 |
15.2 |
1.4 |
|
Provision for Long Term Investment |
-0.6 |
- |
-0.7 |
- |
- |
|
Long Term Prepaid Expense |
0.4 |
0.4 |
0.3 |
0.2 |
0.0 |
|
Deferred Income Tax |
0.8 |
0.4 |
0.0 |
0.1 |
0.0 |
|
Other Long Term Assets |
0.8 |
0.9 |
0.8 |
0.7 |
0.6 |
|
Goodwill, Net |
- |
1.4 |
1.7 |
- |
- |
|
Goodwill, Gross |
1.3 |
- |
- |
- |
- |
|
Accumulated Depreciation of Goodwill |
-0.2 |
- |
- |
- |
- |
|
Total Assets |
199.8 |
120.3 |
129.7 |
132.4 |
64.3 |
|
|
|
|
|
|
|
|
Short Term Borrowings |
76.5 |
40.1 |
52.1 |
46.4 |
14.6 |
|
Current Portion of Long Term Debt |
- |
- |
0.3 |
0.3 |
0.3 |
|
Accounts Payable |
5.4 |
3.7 |
3.5 |
2.5 |
1.2 |
|
Customer Advances |
0.4 |
0.0 |
0.1 |
0.0 |
0.2 |
|
Taxes Payable |
1.1 |
0.7 |
0.2 |
0.1 |
0.1 |
|
Accrued Salary |
1.3 |
1.1 |
0.4 |
0.4 |
0.3 |
|
Accrued Expenses |
3.7 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Payables |
0.3 |
0.3 |
4.3 |
0.3 |
2.7 |
|
Fund for Bonus and Welfare |
0.6 |
0.7 |
- |
- |
- |
|
Total Current Liabilities |
89.2 |
46.6 |
60.9 |
50.1 |
19.6 |
|
|
|
|
|
|
|
|
Long Term Borrowings |
38.3 |
12.8 |
12.0 |
13.5 |
1.3 |
|
Total Long Term Debt |
38.3 |
12.8 |
12.0 |
13.5 |
1.3 |
|
|
|
|
|
|
|
|
Reserves for Severance Allowances |
0.2 |
0.2 |
0.2 |
- |
- |
|
Minority Interest |
3.5 |
2.5 |
2.7 |
0.8 |
0.7 |
|
Total Liabilities |
131.1 |
62.1 |
75.9 |
64.4 |
21.7 |
|
|
|
|
|
|
|
|
Common Stock |
35.9 |
37.9 |
40.0 |
43.7 |
37.4 |
|
Paid-In Capital |
9.1 |
9.6 |
10.2 |
11.1 |
- |
|
Difference in Foreign Exchange |
2.8 |
2.8 |
0.9 |
- |
- |
|
Fund for Development |
1.0 |
2.2 |
2.8 |
0.5 |
- |
|
Other Owners' Funds |
- |
- |
0.3 |
- |
- |
|
Retained Earnings |
19.8 |
5.7 |
-1.7 |
12.1 |
4.8 |
|
Fund for Bonus and Welfare |
- |
- |
1.3 |
0.6 |
0.5 |
|
Total Equity |
68.6 |
58.2 |
53.8 |
68.1 |
42.7 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
199.8 |
120.3 |
129.7 |
132.4 |
64.3 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
70.0 |
70.0 |
70.0 |
70.0 |
66.0 |
|
Total Common Shares Outstanding |
70.0 |
70.0 |
70.0 |
70.0 |
66.0 |
|
T/S-Common Stock |
0.0 |
0.0 |
0.0 |
- |
- |
|
Customer Advances |
0.4 |
0.0 |
0.1 |
0.0 |
0.2 |
|
Accumulated Intangibles Amortization |
0.2 |
0.2 |
0.1 |
0.1 |
0.1 |
|
Accumulated Goodwill Amortization Suppl. |
0.2 |
- |
- |
- |
- |
|
Full-Time Employees |
6,787 |
6,078 |
4,179 |
3,225 |
2,263 |
|
LT Debt Maturing in Year 3 |
- |
- |
0.6 |
- |
- |
|
LT Debt Maturing in Year 4 |
- |
- |
11.4 |
- |
- |
|
Long Term Debt Maturing in Year 5 |
38.3 |
- |
- |
- |
- |
|
Total Long Term Debt, Supplemental |
38.3 |
- |
12.0 |
- |
- |
|
Operating Lease Payments Due in Year 2 |
0.1 |
0.1 |
- |
- |
- |
|
Operating Lease Payments Due in Year 5 |
0.2 |
0.3 |
- |
- |
- |
|
Operating Lease Payments Due after Yr5 |
0.0 |
-0.1 |
- |
- |
- |
|
Total Operating Leases, Supplemental |
0.2 |
0.3 |
- |
- |
- |
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
|
|
|
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
31-Mar-2010 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
VND |
VND |
VND |
VND |
VND |
|
Exchange Rate |
20895 |
19497.5 |
19475 |
19080 |
19090 |
|
|
|
|
|
|
|
|
Cash |
27.0 |
24.5 |
1.9 |
9.3 |
1.5 |
|
Cash and Equivalents |
6.1 |
13.6 |
2.6 |
2.7 |
2.6 |
|
Short Term Investment |
2.0 |
4.7 |
7.6 |
10.2 |
8.5 |
|
Provisions for ST Investment |
-0.4 |
-0.4 |
-0.4 |
-0.4 |
-0.6 |
|
Accounts Receivable |
17.6 |
19.3 |
18.9 |
8.8 |
11.2 |
|
Prepayment to Suppliers |
7.7 |
3.8 |
3.5 |
5.3 |
4.7 |
|
Internal Receivables |
0.0 |
0.0 |
- |
- |
- |
|
Contract Progress Receivable |
0.0 |
0.0 |
- |
- |
- |
|
Other Receivables |
0.8 |
0.3 |
0.3 |
0.1 |
0.2 |
|
Provisions for Doubtful Accounts |
0.0 |
0.0 |
- |
- |
- |
|
Inventory in Transit |
- |
0.2 |
- |
- |
- |
|
Raw Materials |
3.8 |
2.5 |
2.4 |
2.3 |
2.0 |
|
Tools and Instruments |
- |
0.3 |
0.3 |
0.2 |
0.1 |
|
Work in Progress |
1.6 |
0.1 |
2.0 |
1.4 |
1.0 |
|
Finished Goods |
27.9 |
36.4 |
65.5 |
29.8 |
27.6 |
|
Merchandise |
32.5 |
23.7 |
0.0 |
17.2 |
17.8 |
|
Provision for Inventories |
-0.8 |
-0.9 |
-0.8 |
-0.8 |
-0.4 |
|
Short Term Prepaid Expense |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Claimable VAT |
5.1 |
4.7 |
6.0 |
2.7 |
2.3 |
|
Taxes Receivable |
0.0 |
0.0 |
0.0 |
- |
- |
|
Other Current Assets |
1.4 |
1.4 |
1.3 |
1.8 |
1.0 |
|
Total Current Assets |
132.4 |
134.1 |
111.1 |
90.6 |
79.6 |
|
|
|
|
|
|
|
|
Other LT Trade Receivables |
3.1 |
- |
- |
- |
- |
|
Other Long Term Receivables |
- |
2.6 |
- |
5.2 |
5.9 |
|
Buildings and Structures |
7.7 |
7.9 |
6.7 |
6.2 |
6.0 |
|
Machinery and Equipment |
16.3 |
16.5 |
16.0 |
15.5 |
15.2 |
|
Transportation Equipment |
1.8 |
1.5 |
1.5 |
1.4 |
1.3 |
|
Office Equipment |
0.3 |
0.3 |
0.3 |
0.3 |
0.3 |
|
Accumulated Depreciation |
-8.1 |
-8.1 |
-7.6 |
-7.2 |
-6.8 |
|
Intangibles, Gross |
1.2 |
1.3 |
1.3 |
1.3 |
0.7 |
|
Accumulated Intangible Amortization |
-0.2 |
-0.2 |
-0.2 |
-0.2 |
-0.2 |
|
Construction in Progress |
31.7 |
30.5 |
25.4 |
8.8 |
8.0 |
|
Investment Properties |
0.0 |
0.0 |
0.6 |
0.6 |
0.6 |
|
Depreciation, Investment Properties |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Investment in Subsidiaries |
0.0 |
- |
- |
- |
- |
|
Investment in Affiliates |
0.1 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Other Long Term Investment |
9.9 |
10.6 |
10.6 |
10.7 |
10.7 |
|
Provision for Long Term Investment |
-2.0 |
-0.6 |
-0.6 |
-0.6 |
- |
|
Long Term Prepaid Expense |
3.2 |
0.4 |
0.4 |
0.4 |
0.4 |
|
Deferred Income Tax |
0.8 |
0.8 |
0.4 |
0.4 |
0.4 |
|
Other Long Term Assets |
2.8 |
0.8 |
3.4 |
0.8 |
3.4 |
|
Goodwill, Net |
- |
1.2 |
1.2 |
1.3 |
1.3 |
|
Goodwill, Gross |
1.1 |
- |
- |
- |
- |
|
Accumulated Goodwill Depreciation |
0.0 |
- |
- |
- |
- |
|
Total Assets |
202.0 |
199.8 |
170.4 |
135.6 |
126.9 |
|
|
|
|
|
|
|
|
Short Term Borrowings |
57.8 |
76.5 |
62.3 |
46.8 |
45.0 |
|
Current Portion of Long Term Debt |
- |
- |
0.1 |
0.1 |
0.2 |
|
Accounts Payable |
4.9 |
5.4 |
7.4 |
6.2 |
4.2 |
|
Customer Advances |
1.0 |
0.4 |
0.1 |
0.0 |
0.2 |
|
Taxes Payable |
0.7 |
1.1 |
2.6 |
1.3 |
0.9 |
|
Accrued Salary |
0.9 |
1.3 |
1.3 |
1.1 |
0.8 |
|
Accrued Expenses |
3.7 |
3.7 |
- |
- |
- |
|
Internal Payables |
0.0 |
0.0 |
- |
- |
- |
|
Payables on Contract Progress |
0.0 |
0.0 |
- |
- |
- |
|
Provision for Short Term Liabilities |
0.0 |
0.0 |
- |
- |
- |
|
Other Payables |
1.0 |
0.3 |
1.5 |
0.8 |
0.3 |
|
Fund for Bonus and Welfare |
0.2 |
0.6 |
1.1 |
1.2 |
- |
|
Total Current Liabilities |
70.2 |
89.2 |
76.4 |
57.4 |
51.6 |
|
|
|
|
|
|
|
|
Long Term Borrowings |
61.4 |
38.3 |
24.6 |
15.5 |
14.5 |
|
Total Long Term Debt |
61.4 |
38.3 |
24.6 |
15.5 |
14.5 |
|
|
|
|
|
|
|
|
Reserves for Severance Allowances |
0.2 |
0.2 |
0.2 |
0.2 |
0.2 |
|
Minority Interest |
3.3 |
3.5 |
3.4 |
3.2 |
3.3 |
|
Total Liabilities |
135.0 |
131.1 |
104.6 |
76.4 |
69.5 |
|
|
|
|
|
|
|
|
Common Stock |
33.5 |
35.9 |
35.9 |
36.7 |
36.7 |
|
Paid-in Capital |
8.5 |
9.1 |
9.1 |
9.3 |
9.3 |
|
Difference in Foreign Exchange |
3.5 |
2.8 |
2.8 |
2.6 |
2.6 |
|
Fund for Development |
0.7 |
1.0 |
1.2 |
1.2 |
1.5 |
|
Other Owner's Fund |
0.0 |
- |
- |
- |
- |
|
Retained Earnings |
20.8 |
19.8 |
16.7 |
9.4 |
7.5 |
|
Fund for Bonus and Welfare |
- |
- |
- |
- |
-0.2 |
|
Total Equity |
67.0 |
68.6 |
65.8 |
59.2 |
57.4 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
202.0 |
199.8 |
170.4 |
135.6 |
126.9 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
70.0 |
70.0 |
70.0 |
70.0 |
70.0 |
|
Total Common Shares Outstanding |
70.0 |
70.0 |
70.0 |
70.0 |
70.0 |
|
T/S-Common Stock |
- |
0.0 |
- |
- |
0.0 |
|
Customer Advances |
1.0 |
0.4 |
0.1 |
0.0 |
0.2 |
|
Accumulated Intangibles Amortization |
0.2 |
0.2 |
0.2 |
0.2 |
0.2 |
|
Accumulated Goodwill Amortization Suppl. |
0.0 |
- |
- |
- |
- |
|
Full-Time Employees |
- |
6,787 |
- |
- |
- |
|
Long Term Debt Due from 2 to 5 Years |
- |
38.3 |
- |
15.5 |
- |
|
Total Long Term Debt, Supplemental |
- |
38.3 |
- |
15.5 |
- |
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
|
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
7 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Restated Normal |
Reclassified
Normal |
Reclassified
Normal |
|
Filed Currency |
VND |
VND |
VND |
VND |
VND |
|
Exchange Rate (Period
Average) |
19140.13388 |
17802.088493 |
16452.496831 |
16083.860656 |
15990.427596 |
|
Auditor |
Auditing and
Consulting Joint Stock Company |
Auditing and
Consulting Joint Stock Company |
Ernst &
Young LLP |
Ernst &
Young LLP |
Auditing and Consulting
Joint Stock Company |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income |
19.5 |
14.3 |
-1.9 |
13.1 |
5.5 |
|
Depreciation |
2.0 |
2.0 |
1.7 |
1.1 |
0.6 |
|
Provisions |
1.0 |
-9.0 |
9.3 |
1.6 |
- |
|
Unrealized Gain/Loss on Foreign Exchange |
0.5 |
0.1 |
0.0 |
0.1 |
-0.1 |
|
Gain/Loss on Sale of Fixed Assets |
- |
- |
-2.7 |
- |
- |
|
Gain/Loss on Investment |
-1.0 |
4.2 |
-5.2 |
-3.6 |
-0.1 |
|
Interest Expense |
7.5 |
4.8 |
10.7 |
3.0 |
1.3 |
|
Increase/Decrease in Accounts Receivable |
-11.4 |
22.8 |
34.8 |
-15.3 |
6.3 |
|
Increase/Decrease in Inventories |
-22.8 |
0.4 |
3.5 |
-7.5 |
1.9 |
|
Increase/Decrease in Accounts Payable |
3.3 |
-12.4 |
-30.4 |
-1.4 |
4.9 |
|
Increase/Decrease in Prepaid Expenses |
0.0 |
-0.1 |
13.7 |
-0.2 |
0.2 |
|
Cash Interest Paid |
-7.5 |
-4.8 |
-10.7 |
-3.0 |
-1.3 |
|
Cash Taxes Paid |
-3.2 |
-0.3 |
-0.5 |
-0.9 |
-0.8 |
|
Other Cash from Operating Activities |
0.1 |
0.1 |
1.0 |
0.0 |
0.0 |
|
Other Cash Paid for Operating Activities |
-2.6 |
-1.8 |
-1.2 |
-0.2 |
0.0 |
|
Cash from Operating Activities |
-14.6 |
20.2 |
22.2 |
-13.3 |
18.3 |
|
|
|
|
|
|
|
|
Capital Expenditure |
-30.3 |
-9.3 |
-5.2 |
-19.2 |
-2.5 |
|
Sale of Fixed Assets |
0.4 |
0.0 |
1.6 |
- |
0.2 |
|
Purchase of Investment |
-5.9 |
-8.8 |
-12.0 |
- |
- |
|
Sale of Investment |
13.6 |
2.7 |
- |
- |
- |
|
Investment in Other Entities |
-0.2 |
-0.8 |
-18.0 |
-29.3 |
-0.1 |
|
Return fr. Investment in Other Entities |
0.1 |
10.2 |
13.7 |
3.4 |
- |
|
Dividend and Interest Income |
1.6 |
2.9 |
0.5 |
0.2 |
- |
|
Cash from Investing Activities |
-20.7 |
-3.2 |
-19.6 |
-44.9 |
-2.4 |
|
|
|
|
|
|
|
|
Issuance of Common Stock |
- |
- |
- |
13.5 |
- |
|
Total Debt Issued |
336.9 |
215.5 |
309.9 |
244.2 |
93.1 |
|
Total Debt Reduction |
-270.7 |
-224.0 |
-300.9 |
-200.5 |
-107.3 |
|
Dividend and Interest Paid |
- |
-5.7 |
-6.6 |
-0.1 |
- |
|
Cash from Financing Activities |
66.2 |
-14.2 |
2.4 |
57.2 |
-14.2 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.0 |
0.1 |
0.0 |
0.0 |
- |
|
Net Change in Cash |
30.8 |
2.9 |
5.1 |
-0.9 |
1.6 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
7.9 |
5.6 |
1.0 |
1.9 |
0.3 |
|
Net Cash - Ending Balance |
38.7 |
8.5 |
6.1 |
1.0 |
1.9 |
|
Cash Interest Paid |
7.5 |
4.8 |
10.7 |
3.0 |
1.3 |
|
Cash Taxes Paid |
3.2 |
0.3 |
0.5 |
0.9 |
0.8 |
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
|
|
|
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
31-Mar-2010 |
|
Period Length |
3 Months |
12 Months |
9 Months |
6 Months |
3 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
VND |
VND |
VND |
VND |
VND |
|
Exchange Rate
(Period Average) |
20235.373626 |
19140.13388 |
19019.207273 |
18888.303279 |
18779.813187 |
|
|
|
|
|
|
|
|
Net Income |
3.1 |
19.5 |
16.7 |
6.6 |
2.7 |
|
Depreciation |
0.5 |
2.0 |
1.5 |
0.9 |
0.5 |
|
Provisions |
1.4 |
1.0 |
1.1 |
0.9 |
- |
|
Unrealized Gain/Loss on Foreign Exchange |
-0.8 |
0.5 |
-0.4 |
0.1 |
-0.2 |
|
Gain/Loss on Investment |
-0.3 |
-1.0 |
-0.8 |
-0.5 |
- |
|
Interest Expense |
2.7 |
7.5 |
4.8 |
3.2 |
1.3 |
|
Increase/Decrease in Accounts Receivable |
-35.7 |
-11.4 |
5.0 |
24.6 |
-17.9 |
|
Increase/Decrease in Inventories |
-4.8 |
-22.8 |
-31.7 |
-11.3 |
-8.9 |
|
Increase/Decrease in Accounts Payable |
29.3 |
3.3 |
-11.0 |
-24.7 |
13.9 |
|
Increase/Decrease in Prepaid Expenses |
-2.9 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Cash Interest Paid |
-2.0 |
-7.5 |
-4.1 |
-2.6 |
-1.3 |
|
Cash Taxes Paid |
-0.5 |
-3.2 |
-1.0 |
-0.5 |
-0.1 |
|
Other Cash from Operating Activities |
0.0 |
0.1 |
0.0 |
0.0 |
- |
|
Other Cash Paid for Operating Activities |
-0.3 |
-2.6 |
-1.6 |
-3.0 |
-1.4 |
|
Cash from Operating Activities |
-10.2 |
-14.6 |
-21.3 |
-6.2 |
-11.5 |
|
|
|
|
|
|
|
|
Capital Expenditure |
-5.0 |
-30.3 |
-23.4 |
-4.4 |
-2.7 |
|
Sale of Fixed Assets |
0.0 |
0.4 |
- |
- |
0.0 |
|
Purchase of Investment |
0.0 |
-5.9 |
-6.2 |
-0.4 |
-1.6 |
|
Sale of Investment |
0.0 |
13.6 |
8.4 |
0.8 |
3.2 |
|
Investment in Other Entities |
0.0 |
-0.2 |
-0.2 |
-0.1 |
-0.1 |
|
Returns fr. Investment in Other Entities |
0.0 |
0.1 |
0.2 |
1.6 |
- |
|
Dividend and Interest Income |
0.3 |
1.6 |
0.8 |
1.0 |
- |
|
Cash from Investing Activities |
-4.7 |
-20.7 |
-20.4 |
-1.5 |
-1.1 |
|
|
|
|
|
|
|
|
Issuance of Common Stock |
0.0 |
0.0 |
0.8 |
- |
- |
|
Total Debt Issued |
107.3 |
336.9 |
219.0 |
107.2 |
51.0 |
|
Total Debt Reduction |
-94.8 |
-270.7 |
-181.3 |
-95.5 |
-42.3 |
|
Dividend and Interest Paid |
0.0 |
0.0 |
-0.1 |
- |
0.0 |
|
Cash from Financing Activities |
12.5 |
66.2 |
38.4 |
11.7 |
8.7 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.1 |
0.0 |
0.0 |
0.1 |
0.0 |
|
Net Change in Cash |
-2.5 |
30.8 |
-3.3 |
4.1 |
-3.9 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
36.6 |
7.9 |
7.9 |
8.0 |
8.0 |
|
Net Cash - Ending Balance |
34.2 |
38.7 |
4.6 |
12.1 |
4.1 |
|
Cash Interest Paid |
- |
7.5 |
4.1 |
2.6 |
1.3 |
|
Cash Taxes Paid |
- |
3.2 |
1.0 |
0.5 |
0.1 |
|
|
|
Financials in: As Reported (mil)
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
Financials in: As Reported (mil)
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.46.13 |
|
|
1 |
Rs.75.52 |
|
Euro |
1 |
Rs.66.53 |
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.