MIRA INFORM REPORT
|
Report Date : |
20.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
NATIONAL PHYTOPHARMA JOINT- STOCK
COMPANY |
|
|
|
|
Registered Office : |
24, Nguyen Thi
Nghia Str, Ben Thanh Ward - District 1 - Ho Chi Minh City |
|
|
|
|
Country : |
Vietnam |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Year of Establishment : |
1975 |
|
|
|
|
Com. Reg. No.: |
0302597576 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Production, trading, import-export of pharmaceutical products,
medicinal herb, essential oil flavors, cosmetics, oriental & western
medicines, and medical instrument, chemicals, detergent, veterinary medicines,
hygiene products, nutrition products |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment
Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Vietnam |
b1 |
b1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
SUBJECT IDENTIFICATION & LEGAL FORM
Current legal status
|
||
|
Registered English Name |
|
NATIONAL PHYTOPHARMA JOINT- STOCK COMPANY |
|
Registered Vietnamese Name |
|
CONG TY CO PHAN DUOC LIEU TRUNG UONG 2 |
|
Trade name |
|
PHYTOPHARMA |
|
Registered Short name |
|
PHYTOPHARMA
VN |
|
Type of Business |
|
Joint stock company |
|
Year Established |
|
1975 |
|
Establishment Decision |
|
184/QD-TTg |
|
Date of Issuance |
|
04 Mar 2002 |
|
Place of Issuance |
|
The Prime Minister |
|
Business Registration No. |
|
0302597576 |
|
Date of Registration |
|
19 Jun 2010 |
|
Place of Registration |
|
Business Registration Office of Ho Chi Minh City |
|
Current registered capital |
|
28,000,000,000 VND |
|
Status |
|
Unlisted |
|
Tax code |
|
0302597576 |
|
Total Employees |
|
165 |
|
Size |
|
Large |
Historical Identification & Legal form
|
List |
Changed Items |
Date of changes |
|
1 |
Subject has got former Registered English Name: NATIONAL PHYTOPHARMA
COMPANY NO. 2 Changed to: NATIONAL PHYTOPHARMA JOINT STOCK COMPANY |
08 May 2002 |
|
2 |
Subject has got former Registered Vietnamese Name: CONG TY DUOC LIEU
TRUNG UONG 2 Changed to: CONG TY CO PHAN DUOC LIEU TRUNG UONG 2 |
08 May 2002 |
|
3 |
Subject has got former Type of Business: State owned Enterprise
Changed to: Joint-Stock Company |
08 May 2002 |
|
4 |
Subject has got former Business Registration No: 102664 Issued on:
May 12th, 1993 Changed to: No. 4103000980 |
08 May 2002 |
|
5 |
Subject has got former Registered capital: 20,175,607,701 VND Changed
to: 28,000,000,000 VND |
N/A |
|
6 |
Subject has got former Business Registration No: 4103000980 Changed to: 0302597576 |
19 Jun 2010 |
COMPANY ADDRESSES
|
Head Office |
||
|
Address |
|
24, Nguyen Thi Nghia Str, Ben Thanh Ward - District 1 - Ho Chi Minh
City - Vietnam |
|
Telephone |
|
(84-8) 3832 3009 - 38323058 |
|
Fax |
|
(84-8) 3832 3012 – 3832 3219 |
|
Email |
|
|
|
Workshop Address |
||
|
Address |
|
124/59 Xom Dat St, Ward 8 - District 11 - Ho Chi Minh City - Vietnam |
|
Telephone |
|
(84-8) 3858 8806 |
|
|
||
|
Workshop Address |
||
|
Address |
|
No. 870 Nguyen Chi Thanh Str, Ward 4 - District 11- Ho Chi Minh City
- Vietnam |
|
|
||
|
Store
|
||
|
Address |
|
No.42 Chau Van Liem str, Ward 10 - District 5 - Ho Chi Minh City -
Vietnam |
|
Telephone |
|
(84-8) 3853 7819 |
|
|
||
|
Branch in Dong Nai |
||
|
Address |
|
KM 32- Highway 51, Phuoc Hoa Hamlet, Long Phuoc Commune - - Dong Nai Province
- Vietnam |
|
Telephone |
|
(84-0613) 3558 655 |
|
Manager |
|
Mr. NGUYEN DINH TUAN |
|
|
||
|
Branch in Ha Noi |
||
|
Address |
|
178D Nguyen Luong Bang str, Quang Trung ward, - Dong Da District - Ha
Noi City - Vietnam |
|
Telephone |
|
(84-4) 38781 048 / 37761 077/ 37761 310 |
|
Fax |
|
(84-4) 37761 311 |
|
Manager |
|
Mr. NGUYEN CONG CHIEN |
|
|
||
|
Warehouse
|
||
|
Address |
|
No.97, Quang Trung St, Ward 11 - Go Vap District - Ho Chi Minh City -
Vietnam |
|
Telephone |
|
(84-8) 3895 9964 |
|
Fax |
|
(84-8) 3895 9407 |
|
|
||
|
Store |
||
|
Address |
|
24 Nguyen Thi Nghia Nguyen Thi Nghia Street - Ward Ben Thanh -
District 1 - Ho Chi Minh City - Vietnam |
SUBSIDIARIES AND RELATED COMPANIES
|
1. PARENT COMPANY - VIETNAM PHARMACEUTICAL
CORPORATION |
||
|
Business
Registration |
|
0106001031 |
|
Date of
Registration |
|
16 Dec 2008 |
|
Place of
Registration |
|
Ha Noi City Department
of Planning and Investment |
|
Registered
Capital |
|
269,629,776,752 VND |
|
Tax code |
|
0100109385 |
|
Address |
|
No.138B Giang
Vo Str - Ba Dinh District - Ha Noi City - Vietnam |
|
Tel |
|
(84-4) 3844
3153/ 3844 3151 |
|
Fax |
|
(84-4) 3844
3665 |
|
Website |
|
|
DIRECTORS
|
1. NAME |
|
MR. PHAN THANH LAY |
|
Position |
|
Member of BOM - General Director |
|
Date of Birth |
|
25 May 1955 |
|
ID Number/Passport |
|
022098127 |
|
Resident |
|
No.13B, Ward 12 Quang Trung - Go Vap District -
Ho Chi Minh City - Vietnam |
|
Nationality |
|
Vietnamese |
|
Qualification |
|
Management |
|
|
||
|
2. NAME |
|
Mr. NGUYEN VAN PHAN |
|
Position |
|
Member of BOM - Vice General Director |
|
Nationality |
|
Vietnamese |
|
Qualification |
|
Management |
|
|
||
|
3. NAME |
|
Ms. NGUYEN THI THANH PHUONG |
|
Position |
|
Chief of Import - Export Department |
|
Nationality |
|
Vietnamese |
|
|
||
|
4. NAME |
|
Ms. NGUYEN THI NGOC SUONG |
|
Position |
|
Deputy of Import - Export Department |
|
Nationality |
|
Vietnamese |
|
|
||
|
5. NAME |
|
Mr. HA THANH TUAN |
|
Position |
|
Assistant Manager |
|
Date of Birth |
|
20 May 1963 |
|
Current resident |
|
Dong Nhan - Hai Ba Trung District - Ha Noi City - Vietnam |
|
Nationality |
|
Vietnamese |
|
|
||
|
6. NAME |
|
Mr. NGUYEN VAN LUU PHUONG |
|
Position |
|
Chief Accountant |
|
Nationality |
|
Vietnamese |
|
|
||
|
7. NAME |
|
Mr. PHAM ANH KIET |
|
Position |
|
Board Chairman |
|
Nationality |
|
Vietnamese |
|
|
||
|
8. NAME |
|
Mr. NGUYEN HOAI NAM |
|
Position |
|
Human Resource Department |
|
Nationality |
|
Vietnamese |
|
|
||
BUSINESS NATURE AND ACTIVITIES
|
The
subject specializes in: |
IMPORT & EXPORT ACTIVITIES
|
IMPORT: |
||
|
·
Types
of products |
|
oil, medicinal
herbs, southeast of pharmaceutical products |
|
·
Market
|
|
Europe,
France, Korea, India, China, Hong Kong, Switzerland, USA... |
|
|
||
|
EXPORT: |
||
|
·
Types
of products |
|
Southeast of
pharmaceutical products, medicine |
|
·
Market
|
|
Japan, Germany
|
BANKERS
|
1. JOINT STOCK COMMERCIAL
BANK FOR FOREIGN TRADE OF VIETNAM NAM TAN THUAN BRANCH |
||
|
Address |
|
Tan Thuan
Export Processing Zone - District 7 - Ho Chi Minh City - Vietnam |
|
Telephone |
|
84-8 37701634 |
|
Fax |
|
84-8 37701635 |
|
|
||
|
2. VIETNAM EXPORT IMPORT
COMMERCIAL JOINT STOCK BANK |
||
|
Address |
|
No. 7 Le Thi Hong
Gam Street Nguyen Thai Binh Ward - District 1 - Ho Chi Minh City - Vietnam |
|
Telephone |
|
(84-8) 3821
0055 |
|
Fax |
|
(84-8) 3829
6063 |
|
|
||
|
3. CITY BANK - HOCHIMINH CITY
BRANCH |
||
|
Address |
|
No.115, Nguyen
Hue Str, Ben Nghe Ward - District 1 - Ho Chi Minh City - Vietnam |
|
Telephone |
|
(84-8)
38242118 |
|
Fax |
|
(84-8)
38242114 |
SHAREHOLDERS
|
1. NAME |
|
Mr. DAM THAN BON |
|
ID Number/Passport |
|
020139118 |
|
Resident |
|
No. 57, Ben Nghe Ward Nguyen Du - District 1 - Ho Chi Minh City -
Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
60,000,000 VND |
|
Percentage |
|
0.214% |
|
|
||
|
2. NAME |
|
THE STATE |
|
Representatives |
|
MR. PHAN THANH LAY |
|
Position |
|
Member of BOM - General Director |
|
Date of Birth |
|
25 May 1955 |
|
ID Number/Passport |
|
022098127 |
|
Resident |
|
No.13B, Ward 12 Quang Trung - Go Vap District - Ho Chi Minh City -
Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
4,200,000,000 VND |
|
Percentage |
|
15% |
|
Notes: Mr. Pham Anh Kiet is
also representative of the State Owner with Mr. Phan Thanh Lay |
||
|
|
||
|
3. NAME |
|
Mr. HOANG THE TAN |
|
Resident |
|
No.40, Ward 10 Chau Van Liem - District 5 - Ho Chi Minh City -
Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
76,000,000 VND |
|
Percentage |
|
0.271% |
|
|
||
|
4. NAME |
|
Mr. LE TAT TUAN |
|
ID Number/Passport |
|
023865785 |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
43,000,000 VND |
|
Percentage |
|
0.154% |
|
|
||
|
5. NAME |
|
Mr. NGUYEN CONG CHIEN |
|
ID Number/Passport |
|
011410774 |
|
Resident |
|
Yen Thuong Ward, Gia Lam Dist - - Ha Noi City - Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
25,000,000 VND |
|
Percentage |
|
0.089% |
|
|
||
|
6. NAME |
|
Mr. PHAM HONG TUAN |
|
ID Number/Passport |
|
021573627 |
|
Resident |
|
No.44 Chau Van Liem, Ward 10 -District 5- Ho Chi Minh City - Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
55,000,000 VND |
|
Percentage |
|
0.196% |
FINANCIAL DATA
|
BALANCE SHEET |
|||
Unit: One VND
|
|||
|
Balance sheet date |
31/12/2010 |
31/12/2009 |
31/12/2008 |
|
Number of weeks |
52 |
52 |
52 |
|
ASSETS |
|||
|
A – CURRENT ASSETS |
4,134,700,710,644 |
2,945,205,551,855 |
1,884,268,733,615 |
|
I. Cash and cash equivalents |
108,566,086,535 |
70,619,148,480 |
39,731,710,398 |
|
1. Cash |
108,566,086,535 |
70,619,148,480 |
39,731,710,398 |
|
2. Cash
equivalents |
0 |
0 |
|
|
II. Short-term investments |
10,642,400,000 |
6,766,800,000 |
1,687,000,000 |
|
1. Short-term
investments |
10,642,400,000 |
6,766,800,000 |
1,687,000,000 |
|
2. Provisions
for devaluation of short-term investments |
0 |
0 |
|
|
III. Accounts receivable |
3,696,254,315,474 |
2,648,557,169,502 |
1,653,071,053,026 |
|
1. Receivable
from customers |
3,680,339,167,347 |
2,592,838,059,576 |
1,595,010,440,199 |
|
2. Prepayments
to suppliers |
9,824,653,743 |
7,974,289,532 |
50,000,000 |
|
3.
Inter-company receivable |
2,846,469,464 |
9,980,531,835 |
14,234,179,969 |
|
4. Receivable according
to the progress of construction |
0 |
0 |
|
|
5. Other
receivable |
3,833,154,837 |
38,353,418,476 |
43,776,432,858 |
|
6. Provisions
for bad debts |
-589,129,917 |
-589,129,917 |
|
|
IV. Inventories |
289,779,498,608 |
194,843,277,787 |
152,261,116,561 |
|
1. Inventories
|
289,779,498,608 |
194,843,277,787 |
152,261,116,561 |
|
2. Provisions
for devaluation of inventories |
0 |
0 |
|
|
V. Other Current Assets |
29,458,410,027 |
24,419,156,086 |
37,517,853,630 |
|
1. Short-term
prepaid expenses |
765,640,449 |
1,103,659,709 |
474,853,645 |
|
2. VAT to be
deducted |
1,831,225,530 |
1,110,290,762 |
9,867,044,185 |
|
3. Taxes and
other accounts receivable from the State |
1,045,078,520 |
1,154,535,290 |
|
|
4. Other
current assets |
25,816,465,528 |
21,050,670,325 |
27,175,955,800 |
|
B. LONG-TERM ASSETS |
16,123,575,693 |
16,372,314,894 |
16,017,521,070 |
|
I. Long term account receivable |
1,310,520,038 |
1,811,778,264 |
5,326,778,264 |
|
1. Long term
account receivable from customers |
0 |
0 |
|
|
2. Working
capital in affiliates |
1,310,520,038 |
1,811,778,264 |
5,311,778,264 |
|
3. Long-term
inter-company receivable |
0 |
|
|
|
4. Other
long-term receivable |
0 |
|
15,000,000 |
|
5. Provisions
for bad debts from customers |
0 |
|
|
|
II. Fixed assets |
11,821,728,671 |
12,654,768,749 |
10,642,053,541 |
|
1. Tangible
assets |
9,607,158,971 |
10,853,698,783 |
7,514,769,627 |
|
- Historical
costs |
20,040,999,845 |
19,691,997,616 |
15,727,622,894 |
|
- Accumulated
depreciation |
-10,433,840,874 |
-8,838,298,833 |
-8,212,853,267 |
|
2. Financial
leasehold assets |
0 |
|
0 |
|
- Historical
costs |
0 |
|
|
|
- Accumulated
depreciation |
0 |
|
|
|
3. Intangible
assets |
0 |
0 |
0 |
|
- Initial
costs |
67,058,402 |
67,058,402 |
67,058,402 |
|
- Accumulated
amortization |
-67,058,402 |
-67,058,402 |
-67,058,402 |
|
4.
Construction-in-progress |
2,214,569,700 |
1,801,069,966 |
3,127,283,914 |
|
III. Investment property |
0 |
|
0 |
|
Historical
costs |
0 |
|
|
|
Accumulated
depreciation |
0 |
|
|
|
IV. Long-term investments |
0 |
|
0 |
|
1. Investments
in affiliates |
0 |
|
|
|
2. Investments
in business concerns and joint ventures |
0 |
|
0 |
|
3. Other
long-term investments |
0 |
|
|
|
4. Provisions
for devaluation of long-term investments |
0 |
|
|
|
V. Other long-term assets |
2,991,326,984 |
1,905,767,881 |
48,689,265 |
|
1. Long-term
prepaid expenses |
1,276,326,984 |
995,767,881 |
48,689,265 |
|
2. Deferred
income tax assets |
0 |
910,000,000 |
|
|
3. Other
long-term assets |
1,715,000,000 |
0 |
|
|
TOTAL ASSETS |
4,150,824,286,337 |
2,961,577,866,749 |
1,900,286,254,685 |
|
|
|||
|
LIABILITIES |
|||
|
A- LIABILITIES |
4,058,800,582,475 |
2,892,698,913,394 |
1,834,212,192,906 |
|
I. Current liabilities |
4,056,208,196,915 |
2,891,014,441,830 |
1,828,244,415,323 |
|
1. Short-term
debts and loans |
0 |
|
-44,440,105 |
|
2. Payable to
suppliers |
3,833,009,671,058 |
2,716,711,695,930 |
1,739,557,378,087 |
|
3. Advances
from customers |
109,792,708,663 |
88,731,167,904 |
0 |
|
4. Taxes and
other obligations to the State Budget |
25,730,243,972 |
39,850,241,147 |
32,196,259,395 |
|
5. Payable to
employees |
2,571,470,926 |
2,702,123,305 |
1,363,340,817 |
|
6. Accrued
expenses |
0 |
|
0 |
|
7.
Inter-company payable |
1,419,269,757 |
7,464,530,073 |
10,748,843,182 |
|
8. Payable according
to the progress of construction contracts |
0 |
|
|
|
9. Other
payable |
83,565,595,416 |
35,256,690,078 |
44,423,033,947 |
|
10. Provisions
for short-term accounts payable |
119,237,123 |
297,993,393 |
|
|
II. Long-Term Liabilities |
2,592,385,560 |
1,684,471,564 |
5,967,777,583 |
|
1. Long-term
accounts payable to suppliers |
0 |
|
|
|
2. Long-term
inter-company payable |
774,320,527 |
774,320,527 |
5,922,720,038 |
|
3. Other
long-term payable |
1,715,000,000 |
910,000,000 |
44,906,508 |
|
4. Long-term
debts and loans |
0 |
|
0 |
|
5. Deferred
income tax payable |
0 |
|
|
|
6. Provisions
for unemployment allowances |
103,065,033 |
151,037 |
151,037 |
|
7. Provisions
for long-term accounts payable |
0 |
0 |
|
|
B- OWNER’S EQUITY |
92,023,703,862 |
68,878,953,355 |
66,074,061,779 |
|
I. OWNER’S EQUITY |
88,477,373,862 |
63,870,415,355 |
59,282,290,551 |
|
1. Capital |
28,000,000,000 |
28,000,000,000 |
28,000,000,000 |
|
2. Share
premiums |
0 |
|
|
|
3. Other
sources of capital |
0 |
|
|
|
4. Treasury
stocks |
0 |
|
|
|
5. Differences
on asset revaluation |
0 |
|
|
|
6. Foreign
exchange differences |
-4,112,310,468 |
-7,412,141,628 |
|
|
7. Business
promotion fund |
20,258,318,468 |
20,258,318,468 |
20,925,657,230 |
|
8. Financial
reserved fund |
7,126,718,509 |
2,449,872,899 |
1,222,351,653 |
|
9. Other funds
|
9,808,336,389 |
6,390,708,893 |
5,115,136,627 |
|
10. Retained
earnings |
27,396,310,964 |
14,183,656,723 |
4,019,145,041 |
|
11.
Construction investment fund |
0 |
|
|
|
II. Other sources and funds |
3,546,330,000 |
5,008,538,000 |
6,791,771,228 |
|
1. Bonus and
welfare funds |
0 |
-1,792,000 |
531,441,228 |
|
2. Sources of
expenditure |
3,546,330,000 |
5,010,330,000 |
6,260,330,000 |
|
3. Fund to
form fixed assets |
0 |
|
|
|
MINORITY’S INTEREST |
0 |
|
|
|
TOTAL LIABILITIES AND OWNER’S EQUITY |
4,150,824,286,337 |
2,961,577,866,749 |
1,900,286,254,685 |
|
PROFIT & LOSS
STATEMENT |
|||
|
|
|||
|
Description |
FY2010
|
FY2009
|
FY2008
|
|
1. Total
Sale |
7,453,870,027,364 |
6,453,114,944,366 |
5,236,966,188,506 |
|
2. Deduction
item |
30,942,280,326 |
139,702,168,886 |
232,974,740,450 |
|
3. Net sale
|
7,422,927,747,038 |
6,313,412,775,480 |
5,003,991,448,056 |
|
4. Costs of
goods sold |
7,298,477,657,727 |
6,201,159,737,925 |
4,945,585,606,412 |
|
5. Gross profit
|
124,450,089,311 |
112,253,037,555 |
58,405,841,644 |
|
6. Financial
income |
25,319,580,475 |
34,499,712,251 |
12,193,420,488 |
|
7. Financial
expenses |
61,444,697,877 |
76,928,571,176 |
21,628,112,864 |
|
- In which: Loan
interest expenses |
|
|
296,121,803 |
|
8. Selling
expenses |
23,895,076,132 |
23,626,298,285 |
26,141,562,038 |
|
9.
Administrative overheads |
30,257,907,165 |
26,990,168,031 |
22,180,178,826 |
|
10. Net
operating profit |
34,171,988,612 |
19,207,712,314 |
649,408,404 |
|
11. Other
income |
7,460,413,243 |
7,227,416,527 |
12,218,788,717 |
|
12. Other
expenses |
245,057,904 |
219,998,076 |
545,219,261 |
|
13. Other
profit /(loss) |
7,215,355,339 |
7,007,418,451 |
11,673,569,456 |
|
14. Total
accounting profit before tax |
41,387,343,951 |
26,215,130,765 |
12,322,977,860 |
|
15. Current
corporate income tax |
10,365,000,004 |
4,622,560,141 |
3,450,433,801 |
|
16. Deferred
corporate income tax |
0 |
0 |
|
|
18. Profit after
tax |
31,022,343,947 |
21,592,570,624 |
8,872,544,059 |
|
FINANCIAL RATIOS AND AVERAGE INDUSTRY
RATIOS |
||||
|
|
||||
|
Description |
FY2010 |
FY2009 |
FY2008 |
Average Industry |
|
Current
liquidity ratio |
1.02 |
1.02 |
1.03 |
1.74 |
|
Quick
liquidity ratio |
0.95 |
0.95 |
0.95 |
1.02 |
|
Inventory
circle |
30.12 |
31.83 |
31.27 |
3.74 |
|
Average
receive period |
181.75 |
153.12 |
120.58 |
76.97 |
|
Utilizing
asset performance |
1.79 |
2.13 |
2.63 |
1.31 |
|
Liability by
total asset |
97.78 |
97.67 |
96.52 |
49.32 |
|
Liability by
owner equity |
4,410.60 |
4,199.68 |
2,775.99 |
129.21 |
|
Ebit / Total
asset (ROA) |
1.00 |
0.89 |
0.66 |
8.55 |
|
Ebit / Owner's
equity (ROE) |
44.97 |
38.06 |
19.10 |
18.02 |
|
Ebit / Total
sale (NPM) |
0.56 |
0.41 |
0.24 |
6.82 |
|
Gross profit /
Total sale (GPM) |
1.67 |
1.74 |
1.12 |
21.89 |
PAYMENT HISTORY & PERFORMANCE EXPERIENCES
|
Trade Morality |
|
Normal |
|
Liquidity |
|
Medium |
|
Payment status |
|
Above Average |
|
Financial
Situation |
|
Above Average |
|
Development
trend |
|
Stable |
|
Litigation
data |
|
Yes |
|
Bankruptcy |
|
No Record |
|
Payment
Methods |
|
Cash, through
the bank, L/C or TT |
|
Sale Methods |
|
Retailer and
Wholesaler |
|
Public opinion
|
|
Well-known |
|
CREDIT
INQUIRY:125,000 USD |
|
Reliable! |
INTERPRETATION ON THE SCORES
|
The subject was state owned company.
Formerly, the subject was named as National Phytopharma Company No.2. In
2002, the subject was transformed into joint stock company following the
decision No. No. 184/QD-TTg dated on 04 Mar 2002 by Prime Minister. Since
that time, its name has been changed to NATIONAL PHYTOPHARMA JOINT-STOCK
COMPANY. The head office of the subject is
located at No. 24 Nguyen Thi Nghia Street- Ho Chi Minh City. Besides branches
in Hanoi City and Dong Nai province, the subject also has warehouse and
trading centers in Ho Chi Minh City. The subject is considered large
company in trading pharmaceutical production in Vietnam. It specializes in
production, trading and import-export pharmaceutical products, medicinal
herbs, essential oil flavors, cosmetics, oriental & western medicines,
medical instruments, chemicals, detergent, hygiene products, nutrition
products etc. Its materials are imported from many countries such as Spain,
France, Korea, India, China, Hong Kong, Switzerland, and USA... Its export
products are materials for production medicine. It had exported several
countries like Germany, Japan and France. Since 2010 , the subject has mainly
exported to countries in Asia such as Cambodia, Laos. The subject has been licensed to
import and distribute special drug with high demand in local market so the
annual turnover of the subject is large. This amount is considered very high
in the pharmaceutical industry of Vietnam. The profitability ratios reported
were poor figures in comparison with the average industry ratios and other
smaller company in the industry. Liquidity ratios are normal. The facilities
were old and need to upgrade. Management board has experienced in this field.
In general, the subject is
considered large scale company in the industry. The operation of the subject
is stable and development. The subject has capacity to meet the small-medium
financial commitment. |
APPENDIXES
|
INDUSTRY DATA |
||||||
|
|
||||||
|
Industry code |
Growth speed (%) |
Total employees 2009 (Thousand) |
Total enterprises |
Annual average capital of enterprises |
||
|
Predict 2010 |
2009 |
|||||
|
Agriculture, Forestry and Fishing |
2.8 |
3.0 |
24,788.5 |
2,399 |
50,530 |
|
|
Trade and Services |
7.5 |
11 |
10,517.9 |
79,181 |
1,754,973 |
|
|
Construction |
7 |
11.3 |
2,692.8 |
17,783 |
248,268 |
|
|
Manufacturing |
12 |
7.6 |
7,591.2 |
30,786 |
967,068 |
|
|
|
||||||
|
ECONOMIC INDICATORS |
||||||
|
|
||||||
|
|
2010 |
2009 |
2008 |
|||
|
Population (Million person) |
86.93 |
86.02 |
86.1 |
|||
|
Gross Domestic Products (US$ billion) |
102.2 |
91 |
84.9 |
|||
|
GDP Growth (%) |
6.78 |
5.32 |
6.2 |
|||
|
GDP Per Capita (US$) |
1,160 |
1,080 |
1,040 |
|||
|
Inflation (% Change in Composite CPI) |
11.75 |
6.88 |
24.4 |
|||
|
|
||||||
|
SERVICE TRADE PERFORMANCE |
||||||
|
|
||||||
|
Billion USD |
2010 |
2009 |
2008 |
|||
|
Exports |
71.6 |
56.6 |
62.9 |
|||
|
Imports |
84 |
68.8 |
76.6 |
|||
|
Trade Balance |
-12.4 |
-12.2 |
-14.6 |
|||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.59 |
|
UK Pound |
1 |
Rs.71.62 |
|
Euro |
1 |
Rs.62.78 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Business |
---- |
This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.