MIRA INFORM
REPORT
|
Report Date : |
04.01.2011 |
IDENTIFICATION DETAILS
|
Name : |
AN GIANG PLANT PROTECTION JOIN STOCK
COMPANY |
|
|
|
|
Registered Office : |
No.23 Ha |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2010 |
|
|
|
|
Year of Establishment : |
1993 |
|
|
|
|
Com. Reg. No.: |
1600192619 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacturer of fertilizers, plant protection medicine,
package paper, safety foods |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
|
b1 |
b1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
SUBJECT IDENTIFICATION & LEGAL FORM
Current legal status
|
||
|
Registered English Name |
|
AN GIANG PLANT PROTECTION JOIN STOCK
COMPANY |
|
Registered Vietnamese Name |
|
CONG TY CO PHAN BAO VE THUC VAT AN GIANG |
|
Registered Short name |
|
AG - PPS |
|
Type of Business |
|
Joint stock company |
|
Year Established |
|
1993 |
|
Business Registration No. |
|
1600192619 |
|
Date of Registration |
|
22 May 2009 |
|
Place of Registration |
|
Department of Planning and Investment of
An |
|
Current registered capital |
|
621,000,000,000 VND |
|
Stock symbol |
|
AGPP |
|
Stock Market |
|
OTC |
|
Tax code |
|
1600192619 |
|
Total Employees |
|
1,300 |
Historical
Identification & Legal form
|
List |
Changed Items |
Date of changes |
|
1 |
Subject has got former Registered English
Name: AN GIANG PLANT PROTECTION SERVICE COMPANY Changed to: AN GIANG PLANT
PROTECTION JOINT STOCK COMPANY |
27
Sep 2004 |
|
2 |
Subject has got former Registered
Vietnamese Name: CONG TY DICH VU BAO VE THUC VAT AN GIANG Changed to: CONG TY CO PHAN BAO VE THUC
VAT AN GIANG |
27
Sep 2004 |
|
3 |
Subject has got former Type of Business: State
Owned Enterprise Changed to: Joint Stock Company |
27
Sep 2004 |
|
4 |
Subject has got former Business
Registration No: No. 100005 Changed to: No. 5203000027 (27 Sep 2004), then
changed to: 1600192619 |
22
May 2009 |
|
5 |
Subject has got former Registered capital:
VND 750,000,000; Changed to: VND 150,000,000,000, Changed to: VND
180,000,000,000, Changed to: VND 270,000,000,000 and now changed to: VND 621, 000,000,000 |
25
Oct 2010 |
ADDRESSES
|
Head Office |
||
|
Address |
|
No.23 Ha |
|
Telephone |
|
(84-76) 3841299/ 3843445/ 3944069 |
|
Fax |
|
(84-76) 3841327/ 3841498 |
|
Email |
|
|
|
Website |
|
|
|
|
||
|
Representative
office in Ho Chi Minh |
||
|
Address |
|
No. 172 Bis - 174 Tran Hung Dao Street - Nguyen
Cu Trinh Ward - 1 District - Ho Chi Minh City - Vietnam |
|
Telephone |
|
(84-8) 39200783 |
|
Fax |
|
(84-8) 38377566 |
|
|
||
|
Factory Address |
||
|
Address |
|
National Road 91 - An |
|
Telephone |
|
(84-76) 3836357 |
|
Fax |
|
(84-76) 3836520 |
|
|
||
|
Factory Address |
||
|
Address |
|
Street 11 - Lot E No. 27-28 Le Minh Xuan
Industrial Zone - |
|
Telephone |
|
(84-8) 37660121 |
|
Fax |
|
(84-8) 37660538 |
|
|
||
|
Factory Address |
||
|
Address |
|
Loc Trat Hamlet - Gia Loc Commune - Trang
Bang District - |
|
Telephone |
|
(84-66) 3880572 |
|
Fax |
|
(84-66) 3892671 |
|
|
||
|
Factory Address |
||
|
Address |
|
|
|
Telephone |
|
(84-76) 3934032 |
|
Fax |
|
(84-76) 6258031/ 3833626 |
|
|
||
|
Branch in An
Giang |
||
|
Address |
|
No. 399A Ha |
|
Telephone |
|
(84-76) 3942682/3942684 |
|
Fax |
|
(84-76) 3942683 |
|
|
||
|
Branch in An
Giang |
||
|
Address |
|
Vinh Hung Hamlet - Vinh Thanh Trung
Commune - Chau Phu District - An |
|
Telephone |
|
(84-76) 3688278 |
|
Fax |
|
(84-76) 3688518 |
|
|
||
|
Branch in An
Giang |
||
|
Address |
|
No. 481 Thuong III Hamlet - Phu My Town -
Phu Tan District - An |
|
Telephone |
|
(84-76) 3827166 |
|
Fax |
|
(84-76) 3827144 |
|
|
||
|
Branch in An
Giang |
||
|
Address |
|
No. 192 Street 1/5 - Tan Chau Townlet -
Tan Chau District - An |
|
Telephone |
|
(84-76) 3531789 |
|
Fax |
|
(84-76) 3531089 |
|
|
||
|
Branch in An
Giang |
||
|
Address |
|
No. 649B |
|
Telephone |
|
(84-76) 3879209 |
|
Fax |
|
(84-76) 3879441 |
|
|
||
|
Branch in Dong
Thap |
||
|
Address |
|
No. 4 - Lot A - Residential Quarter of 500
house - |
|
Telephone |
|
(84-67) 3871346 |
|
Fax |
|
(84-67) 3871347 |
|
|
||
|
Branch in Dong
Thap |
||
|
Address |
|
No. 270 Hung Vuong Street - Hong Ngu Townlet
- Hong Ngu District - Dong Thap Province - Vietnam |
|
Telephone |
|
(84-67) 3560460 |
|
Fax |
|
(84-67) 3838458 |
|
|
||
|
Branch in Can
Tho |
||
|
Address |
|
No. 17A - |
|
Telephone |
|
(84-710) 3911120 |
|
Fax |
|
(84-710) 3911130 |
|
|
||
|
Branch in Ho Chi
Minh |
||
|
Address |
|
No. 6/19 - Street No. 3 – Cu Xa Lu Gia - Ward
15 - 11 District - Ho Chi Minh City - Vietnam |
|
Telephone |
|
(84-8) 38686160 |
|
Fax |
|
(84-8) 38686159 |
|
|
||
|
Branch in Ha Noi
|
||
|
Address |
|
Villa BT1 - Lot BT6 Phap Van Tu Hiep Urban
Zone - Hoang Liet Ward - Hoang Mai District - Ha |
|
Telephone |
|
(84-4) 36815126/ 36815127 |
|
Fax |
|
(84-4) 36815128 |
|
Note:
Besides, the subject also has many branches in other provinces of |
||
SUBSIDIARIES AND RELATED COMPANIES
|
1. SUBSIDIARIES
- CONG TY TNHH BAO VE THUC VAT AN GIANG - CAMPUCHIA |
||
|
Address |
|
No. 180B - Street 217 - Tumnuptuc Ward - Cham Ka Mon District -
Phnompenh - |
|
Tel |
|
(00855) 023996448 |
|
Fax |
|
(00855) 023996448 |
DIRECTORS
|
1
. NAME |
|
Mr.
HUYNH VAN THON |
|
Position |
|
Chairman and General Director |
|
Date of Birth |
|
09 Sep 1958 |
|
ID Number/Passport |
|
350875986 |
|
Resident |
|
No. 893 Ha Hoang Ho
Str - My Xuyen Ward - Long Xuyen City - An Giang Province - Vietnam |
|
Current resident |
|
No.14 Cong Quynh Str - Nguyen Cu Trinh
Ward - 1 District - |
|
Nationality |
|
Vietnamese |
|
Tel/Mobil phone |
|
(84-8) 39200842 |
|
Qualification |
|
Bachelor of Science and Management, about
20 years of experiences |
|
|
||
|
2
. NAME |
|
Mr.
NGUYEN DINH LE |
|
Position |
|
Deputy General Director and Vice Chairman |
|
Date of Birth |
|
1955 |
|
ID Number/Passport |
|
350585715 |
|
Resident |
|
No.33 Cu Xa Le Hong
Phong - My Binh Ward - Long Xuyen City - An Giang Province - Vietnam |
|
Nationality |
|
Vietnamese |
|
Qualification |
|
Management, Bachelor of Science from Can
Tho University |
|
|
||
|
3
. NAME |
|
Mr.
HO THANH SON |
|
Position |
|
Deputy General Director - Member of BOD |
|
Date of Birth |
|
1955 |
|
ID Number/Passport |
|
350007373 |
|
Resident |
|
6A2 K.Binh Thoi - Binh
Khanh Ward - Long Xuyen City - An Giang Province - Vietnam |
|
Nationality |
|
Vietnamese |
|
Qualification |
|
Management |
|
|
||
|
4
. NAME |
|
Mr.
NGUYEN DUY LONG |
|
Position |
|
Deputy General Director - Financial
Department |
|
Date of Birth |
|
1970 |
|
ID Number/Passport |
|
022850349 |
|
Resident |
|
No. 209 Le Van Sy str
- ward 14 - Phu Nhuan District - Ho Chi Minh City - Vietnam |
|
Nationality |
|
Vietnamese |
|
|
||
|
5
. NAME |
|
Mr.
NGUYEN MY |
|
Position |
|
Deputy General Director |
|
ID Number/Passport |
|
350040236 |
|
Resident |
|
No. 18/8 Nguyen Du
Str - My Binh Ward - Long Xuyen City - An Giang Province - Vietnam |
|
Nationality |
|
Vietnamese |
|
|
||
|
6
. NAME |
|
Mr.
LE PHUOC DUC |
|
Position |
|
Deputy General Director |
|
ID Number/Passport |
|
351859309 |
|
Resident |
|
No. 7/3 Le Hong Phong
Str - Long Xuyen City - An Giang Province - Vietnam |
|
Nationality |
|
Vietnamese |
|
Qualification |
|
Bachelor of Science from Can Tho
University |
|
|
||
|
7
. NAME |
|
Mr.
LE PHUOC DUC |
|
Position |
|
Deputy General Director |
|
ID Number/Passport |
|
351859309 |
|
Resident |
|
No. 7/3 Le Hong Phong
Str - Long Xuyen City - An Giang Province - Vietnam |
|
Nationality |
|
Vietnamese |
|
Qualification |
|
Bachelor of Science from Can Tho
University |
|
. |
||
|
8
. NAME |
|
Mr.
TRAN VAN DUNG |
|
Position |
|
Chief Accountant |
|
Nationality |
|
Vietnamese |
|
|
||
BUSINESS NATURE AND ACTIVITIES
|
The subject specializes in manufacture and trading in the
following fields: |
IMPORT & EXPORT ACTIVITIES
|
IMPORT: |
||
|
Types of products |
|
Materials |
|
Market |
|
|
|
Mode of payment |
|
LC, TT, DA |
|
|
||
|
EXPORT: |
||
|
Types of products |
|
Product |
|
Market |
|
|
|
Mode of payment |
|
LC, TT, DA |
BANKERS
|
1.
ANZ BANK |
||
|
Address |
|
No. 11 Me |
|
Telephone |
|
(84-8) 38299319 |
|
Fax |
|
(84-8) 38299316 |
|
|
||
|
2.
JOINT STOCK COMMERCIAL BANK FOR FOREIGN TRADE OF |
||
|
Address |
|
No.1 Hung Vuong - |
|
Telephone |
|
(84-76) 3843589/ 3843590 |
|
Fax |
|
(84-76) 3841591 |
|
SWIFT Code |
|
BFTV VNVX |
|
|
||
|
|
||
|
3.
BANK FOR INVESTMENT AND DEVELOPMENT OF |
||
|
Address |
|
No.49-51-53 Nguyen |
|
Telephone |
|
(84-76) 3840018 |
|
|
||
|
4.
VIET |
||
|
Address |
|
No. 270 Ly Thai To Str - |
|
Telephone |
|
(84-76) 384 4210 |
|
Fax |
|
(84-76) 384 3238 |
|
|
||
|
5.
HSBC BANK (VIET |
||
|
Address |
|
|
|
Telephone |
|
(84-8) 3829 2288 |
|
Fax |
|
(84-8) 3823 0530 |
|
|
||
|
6.
AGRICULTURAL & RURAL DEVELOPMENT BANK OF |
||
|
Address |
|
No.51B Ton Duc Thang Str - My Binh Ward - |
|
Telephone |
|
84-76 3856560 |
|
Fax |
|
84-76 3856748 |
SHAREHOLDERS
|
1
. NAME |
|
STATE
CAPITAL INVESTMENT CORPORATION |
|
Business Registration |
|
0106000737 |
|
Representative |
|
HUYNH VAN THON |
|
Tax code |
|
0101992921 |
|
Address |
|
No. 15A |
|
Tel |
|
(84-4) 62780126 |
|
Fax |
|
(84-4) 62780136 |
|
Number of shares |
|
16,221,600 |
|
Value of shares |
|
162,216,000,000 VND |
|
Percentage |
|
26.12% |
|
|
||
|
2
. NAME |
|
Mr.
HUYNH VAN THON |
|
Position |
|
Chairman and General Director |
|
Date of Birth |
|
09 Sep 1958 |
|
ID Number/Passport |
|
350875986 |
|
Issued on |
|
21 Jul 2000 |
|
Issued Place |
|
An Giang Police Station |
|
Resident |
|
No. 893 Ha Hoang Ho Str - My Xuyen Ward - |
|
Nationality |
|
Vietnamese |
|
Number of Shares |
|
857,100 |
|
Value of shares |
|
8,571,000,000 VND |
|
Percentage |
|
1.38% |
|
|
||
|
3
. NAME |
|
Mr.
HO THANH SON |
|
Position |
|
Deputy General Director - Member of BOD |
|
Date of Birth |
|
1955 |
|
ID Number/Passport |
|
350007373 |
|
Issued on |
|
12 Jan 1998 |
|
Resident |
|
6A2 K.Binh Thoi - Binh Khanh Ward - |
|
Nationality |
|
Vietnamese |
|
Number of Shares |
|
172,100 |
|
Value of shares |
|
1,721,000,000 VND |
|
Percentage |
|
0.28% |
|
|
||
|
4
. NAME |
|
Mr.
HUYNH QUOC HUNG |
|
ID Number/Passport |
|
350007399 |
|
Issued on |
|
23 Sep 1999 |
|
Resident |
|
22/12C Tran Hung Dao Str - Phuoc My Ward -
|
|
Nationality |
|
Vietnamese |
|
Number of Shares |
|
317,680 |
|
Value of shares |
|
3,176,800,000 VND |
|
Percentage |
|
0.51% |
|
|
||
|
5
. NAME |
|
Mr.
TRAN VAN THEN |
|
ID Number/Passport |
|
350007740 |
|
Issued on |
|
20 Nov 2003 |
|
Resident |
|
No.1/12 Nguyen Xi Str - My Binh Ward - |
|
Nationality |
|
Vietnamese |
|
Number of Shares |
|
318,400 |
|
Value of shares |
|
3,184,000,000 VND |
|
Percentage |
|
0.51% |
|
|
||
|
6
. NAME |
|
Mr.
NGUYEN MY |
|
Position |
|
Deputy General Director |
|
ID Number/Passport |
|
350040236 |
|
Issued on |
|
12 Sep 2003 |
|
Resident |
|
No. 18/8 Nguyen Du Str - My Binh Ward - |
|
Nationality |
|
Vietnamese |
|
Number of Shares |
|
208,000 |
|
Value of shares |
|
2,080,000,000 VND |
|
Percentage |
|
0.33% |
|
|
||
|
7
. NAME |
|
Mr.
TIEU MINH TAM |
|
ID Number/Passport |
|
350743963 |
|
Issued on |
|
08 Oct 1999 |
|
Resident |
|
No. 1A Nguyen Thai Hoc str - My Binh ward
- |
|
Nationality |
|
Vietnamese |
|
Number of Shares |
|
217,360 |
|
Value of shares |
|
2,173,600,000 VND |
|
Percentage |
|
0.35% |
|
|
||
|
8
. NAME |
|
Mr.
NGUYEN DINH LE |
|
Position |
|
Deputy General Director and Vice Chairman |
|
Date of Birth |
|
1955 |
|
ID Number/Passport |
|
350585715 |
|
Issued on |
|
25 Jul 1997 |
|
Resident |
|
No.33 Cu Xa Le Hong Phong - My Binh Ward -
|
|
Nationality |
|
Vietnamese |
|
Number of Shares |
|
516,420 |
|
Value of shares |
|
5,164,200,000 VND |
|
Percentage |
|
0.83% |
|
|
||
|
9
. NAME |
|
Mr.
LE PHUOC DUC |
|
Position |
|
Deputy General Director |
|
ID Number/Passport |
|
351859309 |
|
Issued on |
|
27 Feb 2004 |
|
Resident |
|
No. 7/3 Le Hong Phong Str - Long Xuyen
City - An Giang Province - Vietnam |
|
Nationality |
|
Vietnamese |
|
Number of Shares |
|
326,040 |
|
Value of shares |
|
3,260,400,000 VND |
|
Percentage |
|
0.53% |
|
|
||
|
10
. NAME |
|
Mr.
LE PHUOC DUC |
|
Position |
|
Deputy General Director |
|
ID Number/Passport |
|
351859309 |
|
Issued on |
|
27 Feb 2004 |
|
Resident |
|
No. 7/3 Le Hong Phong Str - Long Xuyen
City - An Giang Province - Vietnam |
|
Nationality |
|
Vietnamese |
|
Number of Shares |
|
326,040 |
|
Value of shares |
|
3,260,400,000 VND |
|
Percentage |
|
0.53% |
FINANCIAL DATA
|
BALANCE
SHEET |
|||
Unit: One VND
|
|||
|
Balance sheet
date |
31/03/2010 |
31/12/2009 |
31/12/2008 |
|
Number of weeks |
13 |
52 |
52 |
|
Audited situation |
Unknown |
Unknown |
Unknown |
|
ASSETS |
|||
|
A – CURRENT
ASSETS |
1,367,071,041,603
|
1,245,589,357,625
|
839,423,000,000
|
|
I. Cash and cash
equivalents |
304,885,767,558
|
397,360,031,421
|
124,813,000,000
|
|
1. Cash |
304,885,767,558 |
397,360,031,421 |
124,813,000,000 |
|
2. Cash equivalents |
|
|
|
|
II. Short-term
investments |
|
77,129,520,680
|
|
|
1. Short-term investments |
|
77,129,520,680 |
|
|
2. Provisions for devaluation of short-term investments |
|
|
|
|
III. Accounts
receivable |
608,633,229,360
|
535,467,656,174
|
450,750,000,000
|
|
1. Receivable from customers |
|
|
|
|
2. Prepayments to suppliers |
|
|
|
|
3. Inter-company receivable |
|
|
|
|
4. Receivable according to the progress of construction |
|
|
|
|
5. Other receivable |
|
535,467,656,174 |
|
|
6. Provisions for bad debts |
|
|
|
|
IV. Inventories |
433,575,572,487
|
222,238,128,944
|
261,403,000,000
|
|
1. Inventories |
|
222,238,128,944 |
261,403,000,000 |
|
2. Provisions for devaluation of inventories |
|
|
|
|
V. Other Current
Assets |
19,976,472,198
|
13,394,020,406
|
2,457,000,000
|
|
1. Short-term prepaid expenses |
|
|
|
|
2. VAT to be deducted |
|
|
|
|
3. Taxes and other accounts receivable from the State |
|
|
|
|
4. Other current assets |
|
13,394,020,406 |
|
|
B. LONG-TERM
ASSETS |
300,485,372,014
|
292,526,373,763
|
210,821,000,000
|
|
I. Long term
account receivable |
|
|
|
|
1. Long term account receivable from customers |
|
|
|
|
2. Working capital in affiliates |
|
|
|
|
3. Long-term inter-company receivable |
|
|
|
|
4. Other long-term receivable |
|
|
|
|
5. Provisions for bad debts from customers |
|
|
|
|
II. Fixed assets
|
209,801,846,268
|
201,438,537,539
|
147,403,000,000
|
|
1. Tangible assets |
87,302,844,433 |
85,596,632,003 |
57,140,000,000 |
|
- Historical costs |
|
85,596,632,003 |
|
|
- Accumulated depreciation |
|
|
|
|
2. Financial leasehold assets |
|
|
|
|
- Historical costs |
|
|
|
|
- Accumulated depreciation |
|
|
|
|
3. Intangible assets |
106,118,819,735 |
106,118,819,735 |
83,633,000,000 |
|
- Initial costs |
|
106,118,819,735 |
|
|
- Accumulated amortization |
|
|
|
|
4. Construction-in-progress |
16,380,182,100 |
9,723,085,801 |
6,630,000,000 |
|
III. Investment
property |
|
|
|
|
Historical costs |
|
|
|
|
Accumulated depreciation |
|
|
|
|
IV. Long-term
investments |
56,393,000,000
|
56,393,000,000
|
31,393,000,000
|
|
1. Investments in affiliates |
|
|
|
|
2. Investments in business concerns and joint ventures |
|
|
|
|
3. Other long-term investments |
|
|
|
|
4. Provisions for devaluation of long-term investments |
|
|
|
|
VI. Other
long-term assets |
34,290,525,746
|
34,694,836,224
|
32,025,000,000
|
|
1. Long-term prepaid expenses |
|
|
|
|
2. Deferred income tax assets |
|
|
|
|
3. Other long-term assets |
|
34,694,836,224 |
32,025,000,000 |
|
TOTAL ASSETS |
1,667,556,413,617
|
1,538,115,731,388
|
1,050,244,000,000
|
|
|
|||
|
LIABILITIES |
|||
|
A- LIABILITIES |
977,924,369,383
|
868,690,229,740
|
609,407,000,000
|
|
I. Current
liabilities |
975,834,369,383
|
866,600,229,740
|
607,467,000,000
|
|
1. Short-term debts and loans |
|
|
|
|
2. Payable to suppliers |
|
|
|
|
3. Advances from customers |
|
|
|
|
4. Taxes and other obligations to the State Budget |
|
|
|
|
5. Payable to employees |
|
|
|
|
6. Accrued expenses |
|
|
|
|
7. Inter-company payable |
|
|
|
|
8. Payable according to the progress of construction contracts |
|
|
|
|
9. Other payable |
|
|
|
|
10. Provisions for short-term accounts payable |
|
|
|
|
II. Long-Term
Liabilities |
2,090,000,000
|
2,090,000,000
|
1,940,000,000
|
|
1. Long-term accounts payable to suppliers |
|
|
|
|
2. Long-term inter-company payable |
|
|
|
|
3. Other long-term payable |
|
|
|
|
4. Long-term debts and loans |
|
|
|
|
5. Deferred income tax payable |
|
|
|
|
6. Provisions for unemployment allowances |
|
|
|
|
7. Provisions for long-term accounts payable |
|
|
|
|
B- OWNER’S
EQUITY |
689,632,044,234
|
669,425,501,648
|
440,837,000,000
|
|
I. OWNER’S
EQUITY |
689,632,044,234
|
637,865,157,758
|
420,620,000,000
|
|
1. Capital |
270,000,000,000 |
270,000,000,000 |
180,000,000,000 |
|
2. Share premiums |
|
|
|
|
3. Other sources of capital |
|
|
|
|
4. Treasury stocks |
|
|
|
|
5. Differences on asset revaluation |
|
|
|
|
6. Foreign exchange differences |
|
|
|
|
7. Business promotion fund |
51,109,206,349 |
51,109,206,349 |
125,898,000,000 |
|
8. Financial reserved fund |
81,000,000,000 |
81,000,000,000 |
49,757,000,000 |
|
9. Other funds |
9,069,429,000 |
23,999,454,572 |
5,953,000,000 |
|
10. Retained earnings |
278,453,408,885 |
211,756,496,837 |
59,012,000,000 |
|
11. Construction investment fund |
|
|
|
|
II. Other
sources and funds |
|
31,560,343,890
|
20,217,000,000
|
|
1. Bonus and welfare funds |
|
31,560,343,890 |
20,217,000,000 |
|
2. Sources of expenditure |
|
|
|
|
3. Fund to form fixed assets |
|
|
|
|
MINORITY’S
INTEREST |
|
|
|
|
TOTAL
LIABILITIES AND OWNER’S EQUITY |
1,667,556,413,617
|
1,538,115,731,388
|
1,050,244,000,000
|
|
PROFIT
& LOSS STATEMENT |
|||
|
|
|||
|
Description |
The first quarter of FY2010 |
FY2009 |
FY2008 |
|
1. Total |
942,400,216,071
|
3,312,427,125,625
|
2,441,745,000,000
|
|
2. Deduction item |
3,699,109,807 |
136,080,235,633 |
88,427,000,000 |
|
3. Net sale |
938,701,106,264
|
3,176,346,889,992
|
2,353,318,000,000
|
|
4. Costs of goods sold |
706,718,320,672 |
2,263,853,796,552 |
1,773,390,000,000 |
|
5. Gross profit |
231,982,785,592
|
912,493,093,440
|
579,928,000,000
|
|
6. Financial income |
7,379,902,883 |
43,893,575,940 |
15,904,000,000 |
|
7. Financial expenses |
28,603,247,712 |
97,220,604,840 |
84,079,000,000 |
|
- In which: Loan interest expenses |
1,003,315,739 |
18,630,257,037 |
0 |
|
8. Selling expenses |
61,634,184,678 |
261,378,087,604 |
233,505,000,000 |
|
9. Administrative overheads |
53,593,043,867 |
233,884,563,197 |
113,277,000,000 |
|
10. Net operating profit |
95,532,212,218
|
363,903,413,739
|
164,971,000,000
|
|
11. Other income |
1,414,767,516 |
16,227,912,361 |
19,904,000,000 |
|
12. Other expenses |
4,316,852,822 |
9,391,475,263 |
17,326,000,000 |
|
13. Other profit /(loss) |
-2,902,085,306
|
6,836,437,098
|
2,578,000,000
|
|
14. Total accounting profit before tax |
92,630,126,912
|
370,739,850,837
|
167,549,000,000
|
|
15. Current corporate income tax |
11,292,429,291 |
44,618,697,905 |
37,051,000,000 |
|
16. Deferred corporate income tax |
0 |
1,927,060,232 |
-15,518,000,000 |
|
17. Profit after tax |
81,337,697,621
|
328,048,213,164
|
146,016,000,000
|
|
FINANCIAL RATIOS
AND AVERAGE INDUSTRY RATIOS |
||||
|
Description |
The first
quarter of FY2010 |
FY2009 |
FY2008 |
Average Industry |
|
Current liquidity ratio |
1.40 |
1.44 |
1.38 |
1.37 |
|
Quick liquidity ratio |
0.96 |
1.18 |
0.95 |
0.80 |
|
Inventory circle |
1.63 |
10.19 |
6.67 |
5.87 |
|
Average receive period |
236.66 |
61.53 |
69.91 |
89.81 |
|
Utilizing asset performance |
0.56 |
2.07 |
2.24 |
1.38 |
|
Liability by total asset |
58.64 |
56.48 |
58.03 |
60.67 |
|
Liability by owner equity |
141.80 |
129.77 |
138.24 |
290.60 |
|
Ebit / Total asset (ROA) |
5.62 |
25.31 |
15.95 |
11.91 |
|
Ebit / Owner's equity (ROE) |
13.58 |
58.16 |
38.01 |
19.52 |
|
Ebit / Total sale (NPM) |
9.94 |
11.75 |
6.86 |
3.29 |
|
Gross profit / Total sale (GPM) |
24.62 |
27.55 |
23.75 |
15.54 |
|
Note: The Average Industry was calculated by |
||||
PAYMENT HISTORY & PERFORMANCE EXPERIENCES
|
Trade Morality |
|
Fair |
|
Liquidity |
|
High |
|
Payment status |
|
Above Average |
|
Financial Situation |
|
Strong |
|
Development trend |
|
Even |
|
Litigation data |
|
No |
|
Bankruptcy |
|
No |
|
Payment Methods |
|
L/C, TT, DA |
|
|
|
Wholesaler |
|
CREDIT INQUIRY: 125,000
USD Against DA in terms – DA 30 days Acceptable! |
INTERPRETATION ON THE SCORES
|
The
subject was established in 1993 with name AN GIANG PLANT PROTECTION SERVICE
COMPANY and equitized September 2004. From small business unit with registered
capital of VND 750 million and 23 employees, up to now, it has become one of
leading distributors in Vietnam in industry of agriculture. Its current
registered capital comes to VND 621 billion and it has a labor force about
1,300 persons. The subject
operates in a lot of fields including manufacturing of plant protection,
packaging; supply of seeds and tourism services. Its management capacity and
facilities are fairly good. Besides the head office in The
subject’s business activities seem very effective. This was recognized
through certificates which it was awarded last time such as “ISO 9001:2000”
certificates, “Vietnam High Quality Products”, “Labor hero”… On the other
hand, the effect also is shown in its financial report. Its sale was very
high and increased year by year. In 2009, its total sales reached over 3,312
billion, increased nearly 36% in comparison with 2008. Noticeably, the profit
in 2009 increased nearly 125% in comparison with previous year. Besides, at
the first six months of 2010, the subject’ total sales reached VND
1,877,376,433,199 and the profit after tax was VND 149,671,916,682. ROA, ROE,
liquidity ratios and other financial ratios of the subject also were fairly
good. In
general, the subject is a large scale business. Its products are high
evaluated by customers. The financial status of the subject is good for both
shareholders and creditors. It has capacity to meet financial commitments. No
caution needed for small and medium business transactions. |
APPENDIXES
|
INDUSTRY DATA |
||||||
|
|
||||||
|
Industry code |
Growth speed (%) |
Total employees 2009 (Thousand) |
Total enterprises |
Annual average capital of enterprises |
||
|
Predict 2010 |
2009 |
|||||
|
Agriculture,
Forestry and Fishing |
2.8 |
3.0 |
24,788.5 |
2,399 |
50,530 |
|
|
Trade and
Services |
7.5 |
11 |
10,517.9 |
79,181 |
1,754,973 |
|
|
Construction |
7 |
11.3 |
2,692.8 |
17,783 |
248,268 |
|
|
Manufacturing |
12 |
7.6 |
7,591.2 |
30,786 |
967,068 |
|
|
|
||||||
|
ECONOMIC
INDICATORS |
||||||
|
|
||||||
|
|
2009 |
2008 |
2007 |
|||
|
Population (Million person) |
87 |
86.1 |
85.1 |
|||
|
Gross Domestic Products (US$ billion) |
91 |
84.9 |
71.2 |
|||
|
GDP Growth (%) |
5.32 |
6.2 |
8.5 |
|||
|
GDP Per Capita (US$) |
1,080 |
1,040 |
814 |
|||
|
Inflation (% Change in
Composite CPI) |
6.88 |
24.4 |
8.3 |
|||
|
|
||||||
|
SERVICE TRADE
PERFORMANCE |
||||||
|
|
||||||
|
Billion USD |
2009 |
2008 |
2007 |
|||
|
Exports |
56.6 |
62.9 |
48.6 |
|||
|
Imports |
68.8 |
76.6 |
58.9 |
|||
|
Trade Balance |
-12.2 |
-14.6 |
-10.3 |
|||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.67 |
|
|
1 |
Rs.69.45 |
|
Euro |
1 |
Rs.59.37 |
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.