MIRA INFORM
REPORT
|
Report Date : |
09.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
NAM A COMMERCIAL JOINT STOCK BANK |
|
|
|
|
Registered Office : |
No.97 Bis Ham Nghi Street, Nguyen Thai Binh Ward - District 1 - Ho Chi
Minh City |
|
|
|
|
Country : |
Vietnam |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Year of Establishment : |
1992 |
|
|
|
|
Com. Reg. No.: |
0300872315 |
|
|
|
|
Legal Form : |
Banking |
|
|
|
|
Line of Business : |
Capital mobilizing and lending, short-term, medium-term, and
long-term; Discounts of commercial documents and valuable papers |
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
|
||
|
English Name |
|
|
|
Vietnamese Name |
|
NGAN HANG THUONG MAI CO PHAN NAM A |
|
English Short name |
|
NAM A BANK |
|
Vietnamese Short Name |
|
NGAN HANG NAM A |
|
Type of Business |
|
Banking |
|
Year Established |
|
1992 |
|
Established decision No |
|
463/GP-UB |
|
Issued on |
|
September 01st 1992 |
|
Issued by |
|
People’s Committee of Ho Chi Minh City |
|
Operation license No. |
|
0026/NH-GP |
|
Issued on |
|
August 22nd 1992 |
|
Issued by |
|
State Bank of Vietnam Governor |
|
Business Registration No. |
|
0300872315 |
|
Date of 01st Registration |
|
01 Sep 1992 |
|
Place of Registration |
|
Business Registration Office of Ho Chi
Minh City |
|
Current registered capital |
|
3,000,000,000,000 VND |
|
Duration |
|
99 years |
|
Status |
|
Unlisted |
|
Total Employees |
|
1,006 |
|
Tax code |
|
0300872315 |
|
Size |
|
Large |
Historical Identification & Legal form
|
List |
Changed Items |
Date of changes |
|
2 |
Subject has got former Business
Registration No: 059027 Changed to: 0300872315 |
N/A |
company ADDRESSES
|
Head Office |
||
|
Address |
|
No.97 Bis Ham Nghi Street, Nguyen Thai
Binh Ward - District 1 - Ho Chi Minh City - Vietnam |
|
Telephone |
|
(84-08) 38213665 / 38 213 664/ 3 8299 408 |
|
Fax |
|
(84-08) 38222706 /38 246 311 / 38 299 402 |
|
Email |
|
|
|
Website |
|
|
|
|
||
|
Branch in Ho Chi
Minh |
||
|
Address |
|
190 Tran Quang Khai Street Tan Dinh Ward -
District 1 - Ho Chi Minh City - Vietnam |
|
Telephone |
|
(84-8) 3 8484 257 – 3 8483 694 |
|
Fax |
|
(84-8) 3 8438 655 |
|
Email |
|
|
|
Notes: Business Registered No.0300872315-001
Branch Director: Mr. Nguyen Van Bay |
||
|
|
||
|
Branch in Ho Chi
Minh |
||
|
Address |
|
11 An Duong Vuong Street Ward 8 - District
5 - Ho Chi Minh City - Vietnam |
|
Telephone |
|
(84-8) 3 8307 177 – 3 8350 090 |
|
Fax |
|
(84-8) 3 8354 889 |
|
Email |
|
|
|
Notes: Business Registered No.059035 |
||
|
|
||
|
Branch in Ho Chi
Minh |
||
|
Address |
|
2G Le Quang Sung Street Ward 2 - District
6 - Ho Chi Minh City - Vietnam |
|
Telephone |
|
84-8) 3 9696 649 – 3 9691 031 |
|
Fax |
|
(84-8) 3 9697 198 |
|
Email |
|
|
|
Notes: Business Registered No.308936 Director :
Ms. Trang Minh Thu |
||
|
|
||
|
Branch in Ho Chi
Minh |
||
|
Address |
|
36A Xo Viet Nghe Tinh Street Ward 19 -
Binh Thanh District - Ho Chi Minh City - Vietnam |
|
Telephone |
|
(84-8) 3 8408 758 |
|
Fax |
|
(84-8) 3 5140 282 |
|
Email |
|
|
|
Notes: Business Registered No.309749 |
||
|
|
||
|
Branch in Ho Chi
Minh |
||
|
Address |
|
461B Ly Thai To Street - Ward 9 - District
10 - Ho Chi Minh City - Vietnam |
|
Telephone |
|
(84-8) 3 8348 206-3 8347 484-3927 2855 |
|
Fax |
|
84-8) 3 8347 484 |
|
Email |
|
|
|
Notes: Business Registered No.4113012334 |
||
|
|
||
|
Branch in Ho Chi
Minh |
||
|
Address |
|
93 Quang Trung Ward 10 - Go Vap District -
Ho Chi Minh City - Vietnam |
|
Telephone |
|
(84-8) 3 9895 031 – 3 9894 339 |
|
Fax |
|
(84-8) 3 9895 037 |
|
Email |
|
|
|
Notes: Business registered No.4113016573 Director:
MR. Nguyen Thanh Phong |
||
|
|
||
|
Branch in Ho Chi
Minh |
||
|
Address |
|
733 Kha Van Can Street Linh Trung Ward -
Thu Duc District - Ho Chi Minh City - Vietnam |
|
Telephone |
|
84-8) 3 8964 650 – 3 8969 971 |
|
Fax |
|
(84-8) 3 8969 974 |
|
Email |
|
|
|
|
||
|
Branch in Binh
Phuoc |
||
|
Address |
|
lot 22 - National highway 14 Tan Phu Ward
- Dong Xoai City - Binh Phuoc Province - Vietnam |
|
Telephone |
|
(84-651) 3 888 235 – 3 888 236 |
|
Fax |
|
(84-651) 3 888 237 |
|
Email |
|
|
|
Notes: Business registered No. 0300872315-008
Director: Mr. Le Van Hoang |
||
|
|
||
|
Branch in Binh
Duong |
||
|
Address |
|
284 Group 1 Binh Duong Avenue - Phu Hoa
Ward - Thu Dau Mot City - Binh Duong Province - Vietnam |
|
Telephone |
|
(84-0650) 3 830 367 – 3 830 365 |
|
Fax |
|
(84-650) 3 842 108 |
|
Email |
|
|
|
Notes: Business Registered No.0300872315-011
Director: Mr. Nguyen Xuan Nam |
||
|
|
||
|
Branch in Khanh
Hoa |
||
|
Address |
|
41 Nguyen Thi Minh Khai Street Tan lap
Ward - Nha Trang City - Khanh Hoa Province - Vietnam |
|
Telephone |
|
(84-58) 3 524 272 – 3 527 673 |
|
Fax |
|
(84-58) 3 524 656 – 3 527 672 |
|
Email |
|
|
|
Notes: Business registered no.3713000047 Director:
Mr. Ton That Vien |
||
|
|
||
|
Branch in Binh
Dinh |
||
|
Address |
|
SR18 - SR19 No. 07 Nguyen Tat Thanh Street
- Qui Nhon City - Binh Dinh Province - Vietnam |
|
Telephone |
|
(84-56) 3 525 854 – 3 525 848 |
|
Fax |
|
84-56) 3 525 877 |
|
Email |
|
|
|
Notes: Business Registered No.0300872315-007
Director: Mr. Hoang Quang Khai Id Number: 211550986 |
||
|
|
||
|
Branch in Da
Nang |
||
|
Address |
|
65-67 Nguyen Van Linh Street - Hai Chau
District - Da Nang City - Vietnam |
|
Telephone |
|
(84-511) 3 584 570 – 3 584 571 |
|
Fax |
|
84-511) 3 584 569 |
|
Email |
|
|
|
Notes: Business Registered No.0300872315-012
Director: Mr. Phan Nhat Thanh |
||
|
|
||
|
Branch in Ha Noi
|
||
|
Address |
|
124-126 Nguyen Chi Thanh Street - Dong Da
District - Ha Noi City - Vietnam |
|
Telephone |
|
(84-4) 3771.2909 - 3771.0046 - 3771.0324 -
3771.2882 - 3747.8431 |
|
Fax |
|
(84-4) 3771.2998 |
|
Email |
|
|
|
Notes: Business Registered No.0300871215-005
Director: Mr. Truong Dinh Hai |
||
SUBSIDIARIES AND RELATED COMPANIES
|
SUBSIDIARIES -
NAM A BANK ASSET MANAGEMNET COMPANY LIMITED |
||
|
Business Registration |
|
0304691951 |
|
Tax code |
|
0304691951 |
|
Address |
|
No.97 Bis Ham Nghi Street, Nguyen Thai Binh Ward - 1 District - Ho Chi
Minh City - Vietnam |
DIRECTORS
|
1.
NAME |
|
Mr.
NGUYEN QUOC MY |
|
Position |
|
Member of BOM |
|
ID Number/Passport |
|
022111300 |
|
Current resident |
|
141 Vo Van Tan Street Ward 6 - 3 District
- Ho Chi Minh City - Vietnam |
|
Nationality |
|
Vietnamese |
|
|
||
|
2.
NAME |
|
Mr.
HUYNH THANH CHUNG |
|
Position |
|
Member of BOM |
|
Date of Birth |
|
21 Aug 1968 |
|
ID Number/Passport |
|
021865817 |
|
ID Issue Date |
|
15 Feb 1996 |
|
Current resident |
|
234 Pastuer Street - Ward 6 - 3 District -
Ho Chi Minh City - Vietnam |
|
Nationality |
|
Vietnamese |
|
|
||
|
3.
NAME |
|
Ms.
NGUYEN THI XUAN LOAN |
|
Position |
|
Chairman |
|
Date of Birth |
|
10 Jun 1974 |
|
ID Number/Passport |
|
022771586 |
|
ID Issue Date |
|
03 Aug 2005 |
|
ID Issue Place |
|
Police Station of
Hochiminh City |
|
Resident |
|
101 Cao Thang Street
Ward 3 - 3 District - Ho Chi Minh City - Vietnam |
|
Current resident |
|
40/6 Xuan Thuy Street Thao Dien Ward -
District 2 - Ho Chi Minh City - Vietnam |
|
Nationality |
|
Vietnamese |
|
|
||
|
4.
NAME |
|
Mr.
PHAN DINH TAN |
|
Position |
|
Member of BOM |
|
Current resident |
|
27A ban Co Street - Ward 3 - District 3 -
Ho Chi Minh City - Vietnam |
|
Nationality |
|
Vietnamese |
|
|
||
|
5.
NAME |
|
Mr.
TRAN ANH TUAN |
|
Position |
|
General Director |
|
Education |
|
Bachelor |
|
Date of Birth |
|
27 Apr 1964 |
|
ID Number/Passport |
|
024177028 |
|
ID Issue Date |
|
25 Aug 2003 |
|
Current resident |
|
18E 1 Tan Qui Dong Group - Tan Phong Ward
- District 7 - Ho Chi Minh City - Vietnam |
|
Nationality |
|
Vietnamese |
|
Years of experience |
|
24 years |
|
|
||
|
6.
NAME |
|
Ms.
VO THI TUYET NGA |
|
Position |
|
Deputy General Director |
|
Education |
|
Bachelor |
|
Date of Birth |
|
03 May 1966 |
|
ID Number/Passport |
|
021446814 |
|
ID Issue Date |
|
21 May 2008 |
|
Current resident |
|
246 Luong Dinh Cua Street - An Khanh Ward
-District 2 - Ho Chi Minh City -
Vietnam |
|
Nationality |
|
Vietnamese |
|
Years of experience |
|
23 years |
|
|
||
|
7.
NAME |
|
Mr.
NGUYEN DANH THIET |
|
Position |
|
Deputy General Director |
|
Education |
|
Bachelor |
|
Date of Birth |
|
27 Jul 1973 |
|
ID Number/Passport |
|
024302485 |
|
ID Issue Date |
|
01 Oct 2004 |
|
Current resident |
|
594/17 Su Van Hanh Street Ward 10
-District 10 - Ho Chi Minh City -
Vietnam |
|
Nationality |
|
Vietnamese |
|
Years of experience |
|
15 Years |
|
|
||
|
8.
NAME |
|
Mr.
TRAN NGOC TAM |
|
Position |
|
Deputy General Director |
|
Education |
|
Bachelor |
|
Date of Birth |
|
01 Dec 1973 |
|
ID Number/Passport |
|
022739144 |
|
ID Issue Date |
|
28 Feb 2007 |
|
Current resident |
|
104/5 Dien Bien Phu Street Ward 17 - Binh
Thanh District - Ho Chi Minh City - Vietnam |
|
Nationality |
|
Vietnamese |
|
Years of experience |
|
16 Years |
|
|
||
|
9.
NAME |
|
Mr.
NGUYEN VAN HIEN |
|
Position |
|
Deputy General Director |
|
Education |
|
Bachelor |
|
Date of Birth |
|
08 Oct 1963 |
|
ID Number/Passport |
|
024636163 |
|
ID Issue Date |
|
10 Oct 2006 |
|
Current resident |
|
257/10A Group 2 Tan Phu Ward - District 7
- Ho Chi Minh City - Vietnam |
|
Nationality |
|
Vietnamese |
|
Years of experience |
|
28 Years |
|
|
||
|
10.
NAME |
|
Ms.
LY THI HIEN |
|
Position |
|
Deputy General Director |
|
Date of Birth |
|
24 Mar 1961 |
|
ID Number/Passport |
|
020780898 |
|
Nationality |
|
Vietnamese |
|
|
||
|
11.
NAME |
|
Mr.
NGUYEN BINH PHUONG |
|
Position |
|
Deputy General Director |
|
Education |
|
Bachelor |
|
Date of Birth |
|
12 Apr 1980 |
|
ID Number/Passport |
|
212093745 |
|
ID Issue Date |
|
02 Jan 1997 |
|
Current resident |
|
011 Lot C 43 Ho Van Hue Street - Phu Nhuan
District - Ho Chi Minh City - Vietnam |
|
Nationality |
|
Vietnamese |
|
Years of experience |
|
13 Years |
|
|
||
|
12.
NAME |
|
Mr.
NGUYEN VAN DAU |
|
Position |
|
Supervisor Board |
|
Date of Birth |
|
15 Jan 1936 |
|
ID Number/Passport |
|
020041786 |
|
ID Issue Date |
|
22 Jun 2009 |
|
Current resident |
|
115/8 Pham Dinh Ho -Ward 6 - District 6 -
Ho Chi Minh City - Vietnam |
|
Nationality |
|
Vietnamese |
|
|
||
|
13.
NAME |
|
Mr.
TRANG XUAN TUNG |
|
Position |
|
Supervisor |
|
Date of Birth |
|
07 Aug 1955 |
|
ID Number/Passport |
|
023285277 |
|
ID Issue Date |
|
17 Nov 2007 |
|
Current resident |
|
90/171 Road No.1 - Ward 12 - Tan Binh
District - Ho Chi Minh City - Vietnam |
|
Nationality |
|
Vietnamese |
|
|
||
|
14.
NAME |
|
Ms.
TRIEU KIM CAN |
|
Position |
|
Supervisor |
|
Date of Birth |
|
05 Sep 1956 |
|
ID Number/Passport |
|
023181101 |
|
ID Issue Date |
|
06 Jun 2009 |
|
Current resident |
|
201/115 Nguyen Xi Street - Ward 26 - Binh Thanh
District - Ho Chi Minh City - Vietnam |
|
Nationality |
|
Vietnamese |
|
|
||
|
15.
NAME |
|
Mr.
PHAM THI THU HONG |
|
Position |
|
Chief Accountant |
|
Date of Birth |
|
02 Sep 1949 |
|
ID Number/Passport |
|
020041864 |
|
ID Issue Date |
|
22 Jun 1999 |
|
Resident |
|
423 Dien Bien Phu Street
- Ward 3 - District 3 - Ho Chi Minh City - Vietnam |
|
Nationality |
|
Vietnamese |
BUSINESS NATURE AND ACTIVITIES
|
Nam A Bank mainly operates in: Capital
mobilizing and lending, short-term, medium-term, and long-term; Discounts of
commercial documents and valuable papers. Investments in securities and
economic organizations. Settling agency for customers; fund services;
expatriate money transfer and express domestic money transfer; and payment
guarantee. Bullion and foreign currency trade. |
IMPORT & EXPORT ACTIVITIES
|
IMPORT: |
||
|
·
Market |
|
N/A |
|
|
||
|
EXPORT: |
||
|
·
Market |
|
N/A |
BANKERS
|
THE
STATE BANK OF VIETNAM |
||
|
Address |
|
17 Ben Chuong Duong - Nguyen Thai Binh Ward - 1 District - Ho Chi Minh
City - Vietnam |
|
Telephone |
|
(84 8) 3821 7857/ 58 |
|
Fax |
|
(84 8)38217855/ 39143725 |
SHAREHOLDERS
Following is its
representative shareholders
|
||
|
1.
NAME |
|
Mr.
NGUYEN SIEU |
|
Current Resident |
|
29 Nguyen Phi Khanh Street -Tan Dinh Ward
- 1 District - Ho Chi Minh City - Vietnam |
|
Value of shares |
|
355,000,000 VND |
|
Percentage |
|
0.012% |
|
|
||
|
2.
NAME |
|
Mr.
TRANG VAN SANH |
|
Current Resident |
|
256/23 Lac Long Quan Street - Ward 8 - Tan
Binh District - Ho Chi Minh City - Vietnam |
|
Value of shares |
|
420,000,000 VND |
|
Percentage |
|
0.014% |
|
|
||
|
3.
NAME |
|
221
Other shareholders |
|
Value of shares |
|
4,225,000,000 VND |
|
Percentage |
|
0.14% |
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
|
|||
|
Cash and cash equivalents |
354,102,772,644 |
181,348,852,082 |
313,911,051,837 |
|
Balances with State Bank of Vietnam |
64,838,663,157 |
73,084,593,574 |
235,714,138,180 |
|
Placements with and loans to other banks |
2,757,483,657,404
|
3,476,303,927,608
|
616,031,291,834 |
|
Placements with other banks |
2,757,483,657,404 |
3,476,303,927,608 |
616,031,291,834 |
|
Loans and advances to other banks |
0 |
0 |
0 |
|
Provision for credit losses of loans to other banks |
0 |
0 |
0 |
|
Trading securities |
235,559,962,440 |
169,291,071,300 |
152,955,310,073 |
|
Trading securities |
238,186,089,140 |
171,296,697,663 |
152,955,310,073 |
|
Provision for impairment of trading securities |
-2,626,126,700 |
-2,005,626,363 |
0 |
|
Derivatives and other financial assets |
0 |
0 |
0 |
|
Loans and advances to customers |
5,247,743,097,425
|
4,987,230,331,239
|
3,729,860,692,792
|
|
Loans and advances to customers |
5,302,111,662,161 |
5,012,921,556,595 |
3,749,652,519,119 |
|
Provision for credit losses |
-54,368,564,736 |
-25,691,225,356 |
-19,791,826,327 |
|
Investment securities |
2,703,988,445,018
|
896,134,583,319 |
110,391,822,426 |
|
Available-for-sale securities |
1,049,476,218,703 |
0 |
33,239,103 |
|
Held-to-maturity securities |
1,654,512,226,315 |
896,134,583,319 |
110,358,583,323 |
|
Provision for impairment of investment securities |
0 |
0 |
0 |
|
Long-term investments |
240,480,000,000 |
93,603,488,889 |
91,436,000,000 |
|
Investments in subsidiaries |
0 |
0 |
0 |
|
Investments in joint ventures |
0 |
0 |
0 |
|
Investments in associates |
0 |
0 |
0 |
|
Other long-term investments |
240,480,000,000 |
93,603,488,889 |
91,436,000,000 |
|
Provision for impairment of long-term investments |
0 |
0 |
0 |
|
Fixed assets |
524,641,119,371 |
427,587,178,473 |
417,972,909,770 |
|
Tangible fixed assets |
88,653,000,230 |
42,291,456,994 |
43,816,869,841 |
|
Cost |
134,990,110,505 |
78,468,192,957 |
72,475,982,517 |
|
Accumulated depreciation |
-46,337,110,275 |
-36,176,735,963 |
-28,659,112,676 |
|
Financial leases |
0 |
0 |
0 |
|
Cost |
0 |
0 |
0 |
|
Accumulated depreciation |
0 |
0 |
0 |
|
Intangible assets |
435,988,119,141 |
385,295,721,479 |
374,156,039,929 |
|
Cost |
442,389,751,451 |
387,972,931,589 |
375,862,075,065 |
|
Accumulated depreciation |
-6,401,632,310 |
-2,677,210,110 |
-1,706,035,136 |
|
Investment properties |
0 |
30,516,000,000 |
0 |
|
Cost |
0 |
30,516,000,000 |
0 |
|
Accumulated depreciation |
0 |
0 |
0 |
|
Other assets |
2,379,885,894,424
|
603,009,267,209 |
222,761,121,939 |
|
Receivables |
429,352,900,646 |
254,014,042,865 |
143,780,275,405 |
|
Interest and fee receivables |
163,893,538,407 |
91,763,637,909 |
63,351,010,186 |
|
Deferred income tax assets |
0 |
0 |
0 |
|
Other assets |
1,786,639,455,371 |
257,231,586,435 |
15,629,836,348 |
|
Provision for other assets |
0 |
0 |
0 |
|
TOTAL ASSETS |
14,508,723,611,883
|
10,938,109,293,693
|
5,891,034,338,851
|
|
|
|||
LIABILITIES
|
|||
|
Borrowings from the Government and the SBV |
0 |
0 |
|
|
Deposits and borrowings from other banks |
4,056,061,268,444
|
3,405,060,822,222
|
1,060,000,000,000
|
|
Deposits from other banks |
3,895,361,268,444 |
3,379,960,822,222 |
1,060,000,000,000 |
|
Operating profit before provision for credit losses |
160,700,000,000 |
25,100,000,000 |
0 |
|
Customer deposits and other amounts due to customers |
5,781,793,179,226
|
4,500,523,718,332
|
3,413,137,099,384
|
|
Derivatives and other financial liabilities |
0 |
0 |
0 |
|
Other borrowed funds |
61,399,736,081 |
10,043,218,455 |
14,731,879,798 |
|
Valuable papers issued |
1,339,123,234,000
|
1,549,010,200,000
|
200,000 |
|
Other liabilities |
1,095,454,320,576
|
136,792,622,071 |
113,981,758,714 |
|
Interest and fee payables |
153,167,100,043 |
108,619,330,236 |
83,864,681,380 |
|
Deferred tax liabilities |
0 |
0 |
0 |
|
Other payables |
941,859,035,466 |
27,951,029,200 |
29,899,405,889 |
|
Provision for off-balance sheet commitments |
428,185,067 |
222,262,635 |
217,671,445 |
|
TOTAL LIABILITIES |
12,333,831,738,327
|
9,601,430,581,080
|
4,601,850,937,896
|
|
Capital and Reserves |
2,174,891,873,556
|
1,336,678,712,613
|
1,289,183,400,955
|
|
Capital |
2,000,035,298,642 |
1,252,871,918,642 |
1,252,871,918,642 |
|
Chartered capital |
2,000,000,000,000 |
1,252,836,620,000 |
1,252,836,620,000 |
|
Capital to purchase fixed assets |
10,126,842 |
10,126,842 |
10,126,842 |
|
Share premium |
0 |
0 |
0 |
|
Treasury shares |
0 |
0 |
0 |
|
Preference shares |
0 |
0 |
0 |
|
Others |
25,171,800 |
25,171,800 |
25,171,800 |
|
Reserves |
36,245,074,556 |
27,732,139,481 |
26,485,399,766 |
|
Foreign currency translation reserve |
0 |
0 |
0 |
|
Asset revaluation reserve |
0 |
0 |
0 |
|
Retained earnings |
138,611,500,358 |
56,074,654,490 |
9,826,082,547 |
|
TOTAL OWNERS’ EQUITY |
2,174,891,873,556
|
1,336,678,712,613
|
1,289,183,400,955
|
|
Minority interest |
0 |
0 |
0 |
|
TOTAL LIABILITIES AND OWNERS’ EQUITY |
14,508,723,611,883
|
10,938,109,293,693
|
5,891,034,338,851
|
|
PROFIT
& LOSS STATEMENT |
|||
|
|
|||
|
Description |
FY2010 |
FY2009 |
FY2008 |
|
Interest and similar income |
1,072,271,395,675 |
696,188,869,395 |
783,379,081,820 |
|
Interest and similar expenses |
-809,755,547,145 |
-493,322,145,403 |
-682,526,966,325 |
|
Net interest and similar income |
262,515,848,530 |
202,866,723,992 |
100,852,115,495 |
|
Fee and commission income |
55,755,474,731 |
21,168,875,607 |
10,989,363,879 |
|
Fee and commission expenses |
-20,715,917,302 |
-9,408,693,574 |
-4,311,602,453 |
|
Net fee and commission income |
35,039,557,429 |
11,760,182,033 |
6,677,761,426 |
|
Net gain/loss from foreign currency trading |
8,129,330,541 |
-14,399,529,715 |
7,511,268,094 |
|
Net gain/loss from trading securities |
29,270,896,700 |
4,402,781,065 |
11,026,424,621 |
|
Net gain/loss from investment securities |
49,159,121,687 |
0 |
0 |
|
Other operating income |
12,323,362,983 |
13,340,784,779 |
3,068,733,168 |
|
Other operating expenses |
-75,620,087 |
0 |
0 |
|
Net gain/loss from other operating activities |
12,247,742,896 |
13,340,784,779 |
3,068,733,168 |
|
Dividend income |
3,512,306,320 |
2,374,038,190 |
14,907,509,739 |
|
TOTAL OPERATING INCOME |
399,874,804,103 |
220,344,980,344 |
144,043,812,543 |
|
TOTAL OPERATING EXPENSES |
170,862,611,259 |
129,586,983,722 |
117,948,794,006 |
|
Profit from operating activities before
provision for credit losses |
229,012,192,844 |
90,757,996,622 |
26,095,018,537 |
|
Provision for credit losses |
-44,193,862,135 |
-16,798,711,201 |
-13,305,405,458 |
|
Reversal of provision for credit losses |
0 |
0 |
0 |
|
PROFIT BEFORE TAX |
184,818,330,709 |
73,959,285,421 |
12,789,613,079 |
|
Current enterprise income tax |
-46,206,830,351 |
-17,699,529,407 |
-3,079,415,342 |
|
Deferred enterprise income tax |
0 |
0 |
0 |
|
Enterprise income tax (“EIT”) |
-46,206,830,351 |
-17,699,529,407 |
-3,079,415,342 |
|
NET PROFIT FOR THE YEAR |
138,611,500,358 |
56,259,756,014 |
9,710,197,737 |
|
|
||
|
FINANCIAL
RATIOS |
||
|
|
||
|
Description |
FY2010 |
FY2009 |
|
Shareholders’ Funds / Total Assets |
0.15% |
0.12% |
|
Customer Deposits/ Total Assets |
0.40% |
0.41% |
|
Loans to Total Asset Ratio |
0.37% |
0.46% |
|
Operating Income/ Total Assets |
0.03% |
0.02% |
|
Operating Expenses/ Total Assets |
0.01% |
0.01% |
|
Loans to Deposits Ratio |
0.92% |
1.11% |
|
Return on Assets (ROA) |
0.01% |
0.01% |
|
Return on Equity (ROE) |
0.06% |
0.04% |
|
Net Interest Margin (NIM) |
0.02% |
0.02% |
|
Net interest Income/ Gross interest Income |
0.24% |
0.29% |
|
Operating Expenses/ Operating Income |
0.43% |
0.59% |
|
Liquidity Assets / Total Assets |
0.42% |
0.44% |
|
Productive Assets / Total Assets |
0.77% |
0.88% |
|
Risky Assets / Total Assets |
0.58% |
0.80% |
|
Growth in Loan Assets |
0.06% |
0.34% |
PAYMENT HISTORY & PERFORMANCE EXPERIENCES
|
Trade Morality |
|
Good |
|
Liquidity |
|
Medium/High |
|
Payment status |
|
Average |
|
Financial Situation |
|
Above Average |
|
Development trend |
|
Positive |
|
Litigation data |
|
No Record |
|
Bankruptcy |
|
No Record |
|
Sale Methods |
|
Other |
|
Public opinion |
|
Well-known |
|
CREDIT INQUIRY: US$20,000, D/A term |
||
|
Reliable |
||
INTERPRETATION ON THE SCORES
|
Nam A
Commercial Joint-stock Bank officially entered its operations on October 21,
1992 under Decision No. 0026/NHGP dated August 22, 1992 by the State Bank of
Vietnam, on the basis of merging the three Credit Cooperatives of An Dong,
Thi Nghe and Tan Dinh. Starting with registered capital of only 5 billion
dong and 50 officers and employees. After years of operations, the
subject’s branch network has expanded with 50 business units and an extended
company in 7 provinces and cities: Ho Chi Minh City, Binh Duong, Binh Phuoc,
Ha Noi, Khanh Hoa, Binh Dinh and Da Nang The
operation of the subject is considered good. It has strong background in
experience of operation and resource. Currently,
Nam A Bank’s new chartered capital is 3,000 billion VND. At the end of 2010,
the profit before tax of the subject reached 184.8 billion VND, up 150
percent over the data in 2009 The
interest income from loans activities still occupied large portion in total
interest income of the subject. It occupied 63.6% in 2010. The interest
income from investing debt securities also increased, it makes up over 7.2%
in the total interest income in 2010. NAMABANK
is a commercial bank which operation is not strong. Its market share is not
as large as some banks like VIETCOMBANK, VIETINBANK, BIDV, and SACOMBANK.
Fortunately, the current business situation of Nam Viet Bank is pretty good.
It has employed an experienced management Board. Note:
Nam A Bank’s head office locates at No. 79bis Ham Nghi Street. The subject
have a plan to move to No. 201-203 Cach Mang Thang Tam Street- District 3
around the quarter III of 2011. |
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.44.61 |
|
UK Pound |
1 |
Rs.73.28 |
|
Euro |
1 |
Rs.65.47 |
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.