MIRA INFORM REPORT
|
Report Date : |
25.10.2011 |
IDENTIFICATION DETAILS
|
Name : |
VICO COMPANY LIMITED |
|
|
|
|
Registered Office : |
No. 94 Road 208 - An Dong
Commune - An Duong District - Hai Phong City |
|
|
|
|
Country : |
Vietnam |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Year of Establishment : |
1994 |
|
|
|
|
Com. Reg. No.: |
0200270081 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Production and trading in chemical products, cosmetic materials |
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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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 |
|
VICO COMPANY LIMITED |
|
Vietnamese Name |
|
CONG TY TNHH VICO |
|
Type of Business |
|
Limited liability company |
|
Year Established |
|
1994 |
|
Business Registration No. |
|
0200270081 |
|
Date of Registration |
|
27 Sep 2010 |
|
Place of Registration |
|
Hai Phong city Department of Planning and
Investment |
|
Current registered capital |
|
50,823,696,000 VND |
|
Status |
|
Unlisted |
|
Tax code |
|
0200270081 |
|
Total Employees |
|
320 |
Historical Identification & Legal form
|
List |
Changed Items |
Date of changes |
|
1 |
Subject has got former Registered capital:
12,005,924,000 VND to 23,511,848,000 VND on 9th May 2008 Changed to: 50,823,696,000 VND |
27
Sep 2010 |
|
2 |
Subject has got former Business
Registration No: 053672 Changed to: 0200270081 |
27
Sep 2010 |
|
3 |
Subject has got former Address: No. 12
Lach Tray Str. - Ngo Quyen Dist. - Hai Phong City Changed to: No. 94 - Road 208 - An Dong
Commune - An Duong Dist - Hai Phong City |
N/A |
company ADDRESSES
|
Head Office |
||
|
Address |
|
No. 94 Road 208 - An Dong Commune - An
Duong District - Hai Phong City - Vietnam |
|
Telephone |
|
(84-31) 3835473/ 3751721 |
|
Fax |
|
(84-31) 383 5870 |
|
Email |
|
|
|
Notes: The subject has a large agent and
distribution network in Vietnam. |
||
|
|
||
|
Branch in Ha Noi
|
||
|
Address |
|
No. 382 Nguyen Trai Str. - Thanh Xuan District
- Ha Noi City - Vietnam |
|
Telephone |
|
(84-4) 35583107 |
|
Fax |
|
(84-4) 38553764 |
|
Notes: This is the main distribution center in
Hanoi city. It now has about 120 distribution centers across Vietnam |
||
|
|
||
|
Branch in Ho Chi
Minh |
||
|
Address |
|
30/10 Thuy Loi Str. - Phuoc Long A Ward -
9 District - Ho Chi Minh City - Vietnam |
|
Telephone |
|
(84-8) 3282 5969 |
|
Notes: This is main distribution center of subject
in Hochiminh city |
||
SUBSIDIARIES AND RELATED COMPANIES
|
1. PARENT
COMPANY - HAI PHONG PAINT JOINT STOCK COMPANY |
||
|
Business Registration |
|
0200575580 |
|
Date of Registration |
|
12 Oct 2010 |
|
Place of Registration |
|
Hai Phong Department of Planning and Investment |
|
Registered Capital |
|
80,071,770,000 VND |
|
Tax code |
|
0200575580 |
DIRECTORS
|
1.
NAME |
|
Mr.
NGUYEN VAN VIEN |
|
Position |
|
Chairman of Board of Directors |
|
Date of Birth |
|
15 Dec 1944 |
|
ID Number/Passport |
|
030027582 |
|
Resident |
|
No.14, Hang Kenh ward
- Le Chan District - Hai Phong City - Vietnam |
|
Nationality |
|
Vietnamese |
|
Tel/Mobil phone |
|
(84-31) 3292019 |
|
Qualification |
|
Engineer |
|
|
||
|
2.
NAME |
|
Mr.
NGUYEN MONG LAN |
|
Position |
|
General Director |
|
Date of Birth |
|
09 Jan 1949 |
|
ID Number/Passport |
|
010101379 |
|
ID Issue Date |
|
27 Aug 2001 |
|
ID Issue Place |
|
Police Station Hanoi
City |
|
Resident |
|
P4-B24 Yen Lang -
Thinh Quang Ward - Dong Da District - Ha Noi City - Vietnam |
|
Nationality |
|
Vietnamese |
|
Tel/Mobil phone |
|
++84 913 240 857 |
|
Years of experience |
|
Passport No: B2299021, issuance on June 09th,
2008, issuance by Department of Immigration Management. |
|
|
||
|
3.
NAME |
|
Ms.
LA QUYNH CHI |
|
Position |
|
Deputy General Director |
|
Date of Birth |
|
22 Feb 1966 |
|
ID Number/Passport |
|
030651375 |
|
Resident |
|
No. 7 Lot 16 Lam Tuong
- Le Chan District - Hai Phong City - Vietnam |
|
Current resident |
|
No. 2/72 Du Hang Str - Le Chan District -
Hai Phong City - Vietnam |
|
Nationality |
|
Vietnamese |
|
Tel/Mobil phone |
|
(84-31) 3835473/ ++84 912 500 368 |
|
|
||
|
4.
NAME |
|
Ms.
LAI THI BICH |
|
Position |
|
Chief Accountant |
|
ID Number/Passport |
|
031252624 |
|
Resident |
|
No. 2 Hoang Van Thu
Minh Khai - Hong Bang District - Hai Phong City - Vietnam |
|
Nationality |
|
Vietnamese |
BUSINESS NATURE AND ACTIVITIES
|
- Production and trading in chemical products,
cosmetic materials. It produces shampoo, detergent, and washing-powder. |
IMPORT & EXPORT ACTIVITIES
|
IMPORT: |
||
|
·
Types of products |
|
Materials, equipment and other device |
|
·
Market |
|
Germany, Netherland, China, Indonesia, Japan, and Singapore |
|
·
Mode of payment |
|
L/C, T/T |
|
|
||
|
EXPORT: |
||
|
·
Types of products |
|
Detergent |
|
·
Market |
|
Iraq, Cambodia, Cuba, North Korea, Mongolia, Malaysia, Philippine,
Australia |
|
·
Mode of payment |
|
L/C, T/T |
BANKERS
|
1.
JOINT STOCK COMMERCIAL BANK FOR FOREIGN TRADE OF VIETNAM HAI PHONG BRANCH |
||
|
Address |
|
No 11 Hoang Dieu - Hong Bang District - Hai Phong City - Vietnam |
|
Telephone |
|
(84-31) 3842658 / 3841115 |
|
Fax |
|
(84-31) 3841117 |
|
|
||
|
2.
SAIGON THUONG TIN COMMERCIAL JOINT STOCK BANK HAI PHONG BRANCH |
||
|
Address |
|
No. 62-64 Ton Duc Thang Str - Le Chan District - Hai Phong City -
Vietnam |
|
Telephone |
|
(84-31) 3719 999 |
|
Fax |
|
(84-31) 3719 991 |
|
|
||
|
3.
VIETNAM MARITIME STOCK BANK – HAI PHONG BRANCH |
||
|
Address |
|
No. 271 Da Nang Str - Ngo Quyen District - Hai Phong City - Vietnam |
|
Telephone |
|
(84-31) 3567882 |
|
Fax |
|
(84-31) 3567863 |
|
|
||
|
4.
VIET NAM JOINT STOCK COMMERCIAL BANK FOR INDUSTRY AND TRADE NGO QUYEN BRANCH |
||
|
Address |
|
No.5 Pham Minh Duc - Ngo Quyen District - Hai Phong City - Vietnam |
|
Telephone |
|
(84-31) 3551525 |
|
VND Account |
|
0000102010000216098 |
SHAREHOLDERS
|
1.
NAME |
|
HAI
PHONG PAINT JOINT STOCK COMPANY |
|
Business Registration |
|
0200575580 |
|
Date of Registration |
|
12 Oct 2010 |
|
Place of Registration |
|
Hai Phong Department of Planning and Investment |
|
Registered Capital |
|
80,071,770,000 VND |
|
Tax code |
|
0200575580 |
|
Value of shares |
|
6,066,272,000 VND |
|
Percentage |
|
11.94% |
|
|
||
|
2.
NAME |
|
INTIMEX
HANOI PRODUCTION AND TRADE JOINT STOCK COMPANY |
|
Business Registration |
|
0103011894 |
|
Date of Registration |
|
20 Apr 2006 |
|
Place of Registration |
|
Hanoi Department of Planning & Investment |
|
Registered Capital |
|
10,000,000,000 VND |
|
Tax code |
|
0101924978 |
|
Address |
|
Group 17 Regional Station Van Dien Town -
Thanh Tri District - Ha Noi City - Vietnam |
|
Tel |
|
(84-4) 36871831 |
|
Fax |
|
(84-4) 36871078 |
|
Value of shares |
|
500,000,000 VND |
|
Percentage |
|
0.98% |
|
|
||
|
3.
NAME |
|
Ms.
NGUYEN THI LAN |
|
ID Number/Passport |
|
030926041 |
|
Resident |
|
No. 14 Hang Kenh Trai Cau Ward - Le Chan
District - Hai Phong City - Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
7,024,192,000 VND |
|
Percentage |
|
13.82% |
|
|
||
|
4.
NAME |
|
Ms.
NGUYEN THI DONG |
|
ID Number/Passport |
|
010828127 |
|
Resident |
|
P4 B24 Yen Lang - Dong Da District - Ha
Noi City - Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
4,656,800,000 VND |
|
Percentage |
|
9.16% |
|
|
||
|
5.
NAME |
|
Mr.
PHAM QUANG NGHIEM |
|
ID Number/Passport |
|
010596284 |
|
Resident |
|
No. 67 Ha Ly - Hong Bang District - Hai
Phong City - Vietnam |
|
Work phone |
|
++84 983 329 756 |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
3,361,200,000 VND |
|
Percentage |
|
6.61% |
|
|
||
|
6.
NAME |
|
Mr.
VU QUOC CHINH |
|
ID Number/Passport |
|
030089637 |
|
Resident |
|
No. 312 Ton Duc Thang - Hong Bang District
- Hai Phong City - Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
2,858,640,000 VND |
|
Percentage |
|
5.62% |
|
|
||
|
7.
NAME |
|
Ms.
LE HONG GIANG |
|
ID Number/Passport |
|
030921356 |
|
Resident |
|
No. 56 Lach Tray - Hong Bang District - Hai
Phong City - Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
1,733,792,000 VND |
|
Percentage |
|
3.41% |
|
|
||
|
8.
NAME |
|
Ms.
TRAN THI TAM |
|
ID Number/Passport |
|
030063191 |
|
Resident |
|
No. 272 Cat Dai - Le Chan District - Hai
Phong City - Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
1,807,936,000 VND |
|
Percentage |
|
3.56% |
|
|
||
|
9.
NAME |
|
Ms.
NGUYEN THI BINH |
|
ID Number/Passport |
|
030767301 |
|
Resident |
|
No. 16 Tran Nguyen Han - Le Chan District
- Hai Phong City - Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
1,705,600,000 VND |
|
Percentage |
|
3.36% |
|
|
||
|
10.
NAME |
|
Mr.
VU DUY THIEN |
|
ID Number/Passport |
|
030066659 |
|
Resident |
|
No. 100 Phan Boi Chau - Hong Bang District
- Hai Phong City - Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
1,600,000,000 VND |
|
Percentage |
|
3.15% |
|
|
||
|
11.
NAME |
|
Ms.
NGUYEN THI MINH NGUYET |
|
ID Number/Passport |
|
030926990 |
|
Resident |
|
No. 16 Kien Thiet - Hong Bang District -
Hai Phong City - Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
1,084,768,000 VND |
|
Percentage |
|
2.14% |
|
|
||
|
12.
NAME |
|
Mr.
VU VAN NGHIEN |
|
ID Number/Passport |
|
030055567 |
|
Resident |
|
No. 5/21 Du Hang - Le Chan District - Hai
Phong City - Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
949,040,000 VND |
|
Percentage |
|
1.87% |
|
|
||
|
13.
NAME |
|
Mr.
TRAN LE THIEN |
|
ID Number/Passport |
|
030057447 |
|
Resident |
|
No. 18 Luong Khanh Thien Str - Ngo Quyen
District - Hai Phong City - Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
921,072,000 VND |
|
Percentage |
|
1.81% |
|
|
||
|
14.
NAME |
|
Mr.
NGUYEN VAN CANH |
|
ID Number/Passport |
|
030944447 |
|
Resident |
|
No. 90 Ton Duc Thang Str - Le Chan
District - Hai Phong City - Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
473,984,000 VND |
|
Percentage |
|
0.93% |
|
|
||
|
15.
NAME |
|
Ms.
DAO THI HONG |
|
ID Number/Passport |
|
030055872 |
|
Resident |
|
No. 136 Van Cao - Dang Giang - Ngo Quyen
District - Hai Phong City - Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
525,312,000 VND |
|
Percentage |
|
1.03% |
|
|
||
|
16.
NAME |
|
Ms.
CU THI THU LAN |
|
ID Number/Passport |
|
030168908 |
|
Resident |
|
No. 155 Ton Duc Thang - An Duong - Le Chan
District - Hai Phong City - Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
3,200,000,000 VND |
|
Percentage |
|
6.3% |
|
|
||
|
17.
NAME |
|
Ms.
LAI THI BICH |
|
Position |
|
Chief Accountant |
|
ID Number/Passport |
|
031252624 |
|
Resident |
|
No. 2 Hoang Van Thu Minh Khai - Hong Bang District
- Hai Phong City - Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
1,271,000,000 VND |
|
Percentage |
|
2.5% |
|
|
||
|
18.
NAME |
|
Ms.
NGUYEN THI THANH HUONG |
|
ID Number/Passport |
|
030962455 |
|
Resident |
|
No. 4/81 To Hieu - Trai Cau - Le Chan
District - Hai Phong City - Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
450,000,000 VND |
|
Percentage |
|
0.89% |
|
|
||
|
19.
NAME |
|
Mr.
PHAM VAN MUA |
|
ID Number/Passport |
|
030756810 |
|
Resident |
|
No. 4 C20 Trai Chuoi Ward - Hong Bang
District - Hai Phong City - Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
400,000,000 VND |
|
Percentage |
|
0.79% |
|
|
||
|
20.
NAME |
|
Mr.
TRUONG MAU MINH |
|
ID Number/Passport |
|
031462941 |
|
Resident |
|
Viet Tien - Vinh Bao District - Hai Phong
City - Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
590,000,000 VND |
|
Percentage |
|
1.16% |
|
|
||
|
21.
NAME |
|
Ms.
LA QUYNH CHI |
|
Position |
|
Deputy General Director |
|
Date of Birth |
|
22 Feb 1966 |
|
ID Number/Passport |
|
030651375 |
|
Resident |
|
No. 7 Lot 16 Lam Tuong - Le Chan District
- Hai Phong City - Vietnam |
|
Current Resident |
|
No. 2/72 Du Hang Str - Le Chan District -
Hai Phong City - Vietnam |
|
Work phone |
|
(84-31) 3835473 |
|
Mobile phone |
|
++84 912 500 368 |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
850,000,000 VND |
|
Percentage |
|
1.67% |
|
|
||
|
22.
NAME |
|
Mr.
DO VAN DOANH |
|
ID Number/Passport |
|
031081187 |
|
Resident |
|
Quyet Thang Dong Minh - Vinh Bao District
- Hai Phong City - Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
310,000,000 VND |
|
Percentage |
|
0.61% |
|
|
||
|
23.
NAME |
|
Mr.
VU TRAN LONG |
|
ID Number/Passport |
|
030975598 |
|
Resident |
|
No. 44 Lot 1 Thai Phien - Cau Tre - Ngo
Quyen District - Hai Phong City - Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
310,000,000 VND |
|
Percentage |
|
0.61% |
|
|
||
|
24.
NAME |
|
Ms.
TRAN THI HUONG GIANG |
|
ID Number/Passport |
|
030921920 |
|
Resident |
|
No. 136 Van Cao Dang Giang Ward - Ngo
Quyen District - Hai Phong City - Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
310,000,000 VND |
|
Percentage |
|
0.61% |
|
|
||
|
25.
NAME |
|
Ms.
NGUYEN MINH HANH |
|
ID Number/Passport |
|
171867765 |
|
Resident |
|
No. 85B Pho Ban Ban Town - My Hao District
- Hung Yen Province - Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
245,000,000 VND |
|
Percentage |
|
0.48% |
|
|
||
|
26.
NAME |
|
Ms.
VU THI SONG THI |
|
ID Number/Passport |
|
030954580 |
|
Resident |
|
No. 11 C104 Trai Chuoi Ward - Hong Bang District
- Hai Phong City - Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
310,000,000 VND |
|
Percentage |
|
0.61% |
|
|
||
|
27.
NAME |
|
Ms.
NGUYEN PHUONG LAN |
|
Resident |
|
P4-B24 Yen Lang - Dong Da District - Ha Noi
City - Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
390,000,000 VND |
|
Percentage |
|
0.77% |
|
|
||
|
28.
NAME |
|
Mr.
PHAM THANH QUANG |
|
ID Number/Passport |
|
030012248 |
|
Resident |
|
No. 140 Hai Ba Trung An Bien - Le Chan
District - Hai Phong City - Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
200,000,000 VND |
|
Percentage |
|
0.39% |
|
|
||
|
29.
NAME |
|
Mr.
PHAM VAN HIEN |
|
ID Number/Passport |
|
030318251 |
|
Resident |
|
No. 12 Lach Tray - Ngo Quyen District -
Hai Phong City - Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
200,000,000 VND |
|
Percentage |
|
0.39% |
|
|
||
|
30.
NAME |
|
Mr.
VU VAN PHONG |
|
ID Number/Passport |
|
030992674 |
|
Resident |
|
No. 48 Ton Dan Pham Hong Thai - Hong Bang
District - Hai Phong City - Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
200,000,000 VND |
|
Percentage |
|
0.39% |
|
|
||
|
31.
NAME |
|
Ms.
NGUYEN THI HONG MINH |
|
ID Number/Passport |
|
031119571 |
|
Resident |
|
Group 13 - Hang Kenh I Du Hang Kenh - Le
Chan District - Hai Phong City - Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
190,000,000 VND |
|
Percentage |
|
0.37% |
|
|
||
|
32.
NAME |
|
Mr.
DUONG ANH QUANG |
|
ID Number/Passport |
|
030786742 |
|
Resident |
|
Trinh Xa Thien Huong - Thuy Nguyen
District - Hai Phong City - Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
400,000,000 VND |
|
Percentage |
|
0.78% |
|
|
||
|
33.
NAME |
|
Ms.
NGUYEN THI THANH TRAM |
|
ID Number/Passport |
|
030652033 |
|
Resident |
|
No. 2/30 Vu Chi Thang Niem Nghia - Le Chan
District - Hai Phong City - Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
201,520,000 VND |
|
Percentage |
|
0.4% |
|
|
||
|
34.
NAME |
|
Mr.
NGUYEN VAN DUNG |
|
ID Number/Passport |
|
03840988 |
|
Issued Place |
|
Hai Phong Police Station |
|
Resident |
|
No 14 Hang Kenh - Le Chan District - Hai
Phong City - Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
1,000,000,000 VND |
|
Percentage |
|
1.97% |
|
|
||
|
35.
NAME |
|
Ms.
NGUYEN THI XUAN ANH |
|
ID Number/Passport |
|
030993356 |
|
Issued Place |
|
Hai Phong Police Station |
|
Resident |
|
An Dong - An Duong District - Hai Phong
City - Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
730,000,000 VND |
|
Percentage |
|
1.44% |
|
|
||
|
36.
NAME |
|
Ms.
NGUYEN THI XUAN HONG |
|
ID Number/Passport |
|
030090059 |
|
Issued Place |
|
Hai Phong Police Station |
|
Resident |
|
No 67 Ha Ly - Hong Bang District - Hai
Phong City - Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
250,000,000 VND |
|
Percentage |
|
0.5% |
|
|
||
|
37.
NAME |
|
Ms.
BUI KIM NGOC |
|
ID Number/Passport |
|
030882033 |
|
Resident |
|
No. 1/33 Chu Van An - Ngo Quyen District -
Hai Phong City - Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
200,000,000 VND |
|
Percentage |
|
0.39% |
|
|
||
|
38.
NAME |
|
Mr.
HOA QUANG THIEP |
|
ID Number/Passport |
|
031119476 |
|
Issued Place |
|
Hai Phong Police Station |
|
Resident |
|
No 19/57 Dien Bien Phu str - Hong Bang
District - Hai Phong City - Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
50,000,000 VND |
|
Percentage |
|
0.1% |
|
|
||
|
39.
NAME |
|
Ms.
NGUYEN THI XUAN DUNG |
|
ID Number/Passport |
|
030703563 |
|
Resident |
|
No 14 Hang Kenh - Le Chan District - Hai
Phong City - Vietnam |
|
Nationality |
|
Vietnamese |
|
Value of shares |
|
3,279,568,000 VND |
|
Percentage |
|
6.49% |
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 |
228,778,475,209 |
107,992,798,742 |
63,276,000,000 |
|
I. Cash and cash
equivalents |
28,089,495,244 |
25,329,614,659 |
10,339,000,000 |
|
1. Cash |
28,089,495,244 |
25,329,614,659 |
10,339,000,000 |
|
2. Cash equivalents |
0 |
0 |
0 |
|
II. Short-term
investments |
0 |
0 |
0 |
|
1. Short-term investments |
0 |
0 |
0 |
|
2. Provisions for devaluation of short-term investments |
0 |
0 |
0 |
|
III. Accounts
receivable |
147,913,844,228 |
68,314,391,904 |
27,544,000,000 |
|
1. Receivable from customers |
140,113,697,736 |
57,593,406,349 |
26,903,000,000 |
|
2. Prepayments to suppliers |
0 |
244,167,829 |
0 |
|
3. Inter-company receivable |
0 |
0 |
0 |
|
4. Receivable according to the progress of construction |
0 |
0 |
0 |
|
5. Other receivable |
7,939,330,887 |
10,618,037,901 |
782,000,000 |
|
6. Provisions for bad debts |
-139,184,395 |
-141,220,175 |
-141,000,000 |
|
IV. Inventories |
37,198,748,472 |
9,735,210,213 |
23,958,000,000 |
|
1. Inventories |
37,198,748,472 |
9,735,210,213 |
23,958,000,000 |
|
2. Provisions for devaluation of inventories |
0 |
0 |
0 |
|
V. Other Current
Assets |
15,576,387,265 |
4,613,581,966 |
1,435,000,000 |
|
1. Short-term prepaid expenses |
5,584,690 |
0 |
0 |
|
2. VAT to be deducted |
0 |
0 |
0 |
|
3. Taxes and other accounts receivable from the State |
3,652,152,993 |
0 |
0 |
|
4. Other current assets |
11,918,649,582 |
4,613,581,966 |
1,435,000,000 |
|
B. LONG-TERM
ASSETS |
49,911,055,742 |
38,157,116,238 |
24,754,000,000 |
|
I. Long term
account receivable |
0 |
0 |
0 |
|
1. Long term account receivable from customers |
0 |
0 |
0 |
|
2. Working capital in affiliates |
0 |
0 |
0 |
|
3. Long-term inter-company receivable |
0 |
0 |
0 |
|
4. Other long-term receivable |
0 |
0 |
0 |
|
5. Provisions for bad debts from customers |
0 |
0 |
0 |
|
II. Fixed assets
|
16,618,425,742 |
14,163,366,238 |
9,760,000,000 |
|
1. Tangible assets |
16,270,593,788 |
14,163,366,238 |
9,285,000,000 |
|
- Historical costs |
31,175,884,279 |
27,322,313,533 |
20,444,000,000 |
|
- Accumulated depreciation |
-14,905,290,491 |
-13,158,947,295 |
-11,159,000,000 |
|
2. Financial leasehold assets |
0 |
0 |
0 |
|
- Historical costs |
0 |
0 |
0 |
|
- Accumulated depreciation |
0 |
0 |
0 |
|
3. Intangible assets |
297,831,954 |
0 |
0 |
|
- Initial costs |
856,765,818 |
0 |
0 |
|
- Accumulated amortization |
-558,933,864 |
0 |
0 |
|
4. Construction-in-progress |
50,000,000 |
0 |
475,000,000 |
|
III. Investment
property |
0 |
0 |
0 |
|
Historical costs |
0 |
0 |
0 |
|
Accumulated depreciation |
0 |
0 |
0 |
|
IV. Long-term
investments |
33,292,630,000 |
23,993,750,000 |
14,994,000,000 |
|
1. Investments in affiliates |
12,000,000,000 |
0 |
0 |
|
2. Investments in business concerns and joint ventures |
0 |
0 |
14,994,000,000 |
|
3. Other long-term investments |
21,292,630,000 |
23,993,750,000 |
0 |
|
4. Provisions for devaluation of long-term investments |
0 |
0 |
0 |
|
V. Other
long-term assets |
0 |
0 |
0 |
|
1. Long-term prepaid expenses |
0 |
0 |
0 |
|
2. Deferred income tax assets |
0 |
0 |
0 |
|
3. Other long-term assets |
0 |
0 |
0 |
|
VI. Goodwill |
0 |
0 |
|
|
1. Goodwill |
0 |
0 |
|
|
TOTAL ASSETS |
278,689,530,951 |
146,149,914,980 |
88,030,000,000 |
|
LIABILITIES |
|||
|
A- LIABILITIES |
219,193,992,339 |
109,032,638,224 |
64,473,000,000 |
|
I. Current
liabilities |
218,381,736,188 |
106,634,928,004 |
63,192,000,000 |
|
1. Short-term debts and loans |
131,681,474,023 |
36,561,611,935 |
28,950,000,000 |
|
2. Payable to suppliers |
63,870,039,078 |
45,284,409,026 |
13,225,000,000 |
|
3. Advances from customers |
2,718,250,801 |
1,250,696,997 |
0 |
|
4. Taxes and other obligations to the State Budget |
1,903,096,279 |
3,964,724,866 |
199,000,000 |
|
5. Payable to employees |
1,407,916,161 |
3,422,436,569 |
2,340,000,000 |
|
6. Accrued expenses |
1,201,847,155 |
264,153,232 |
217,000,000 |
|
7. Inter-company payable |
0 |
0 |
0 |
|
8. Payable according to the progress of construction contracts |
0 |
0 |
0 |
|
9. Other payable |
15,599,112,691 |
15,886,895,379 |
18,261,000,000 |
|
10. Provisions for short-term accounts payable |
0 |
0 |
0 |
|
II. Long-Term
Liabilities |
812,256,151 |
2,397,710,220 |
1,281,000,000 |
|
1. Long-term accounts payable to suppliers |
0 |
0 |
0 |
|
2. Long-term inter-company payable |
0 |
0 |
0 |
|
3. Other long-term payable |
812,256,151 |
1,436,980,000 |
1,263,000,000 |
|
4. Long-term debts and loans |
0 |
936,250,000 |
0 |
|
5. Deferred income tax payable |
0 |
0 |
0 |
|
6. Provisions for unemployment allowances |
0 |
24,480,220 |
18,000,000 |
|
7. Provisions for long-term accounts payable |
0 |
0 |
0 |
|
B- OWNER’S
EQUITY |
59,495,538,612 |
37,117,276,756 |
23,557,000,000 |
|
I. OWNER’S
EQUITY |
59,450,577,775 |
37,117,276,756 |
23,557,000,000 |
|
1. Capital |
50,823,696,000 |
23,511,848,000 |
23,512,000,000 |
|
2. Share premiums |
0 |
0 |
0 |
|
3. Other sources of capital |
0 |
0 |
0 |
|
4. Treasury stocks |
0 |
0 |
0 |
|
5. Differences on asset revaluation |
0 |
0 |
0 |
|
6. Foreign exchange differences |
0 |
0 |
0 |
|
7. Business promotion fund |
0 |
0 |
0 |
|
8. Financial reserved fund |
0 |
0 |
0 |
|
9. Other funds |
0 |
44,960,837 |
45,000,000 |
|
10. Retained earnings |
8,626,881,775 |
13,560,467,919 |
0 |
|
11. Construction investment fund |
0 |
0 |
0 |
|
II. Other
sources and funds |
44,960,837 |
0 |
0 |
|
1. Bonus and welfare funds |
0 |
0 |
0 |
|
2. Sources of expenditure |
44,960,837 |
0 |
0 |
|
3. Fund to form fixed assets |
0 |
0 |
0 |
|
MINORITY’S
INTEREST |
0 |
0 |
0 |
|
TOTAL
LIABILITIES AND OWNER’S EQUITY |
278,689,530,951 |
146,149,914,980 |
88,030,000,000 |
|
PROFIT
& LOSS STATEMENT |
|||
|
|
|||
|
Description |
FY2010 |
FY2009 |
FY2008 |
|
1. Total Sale |
725,959,842,748 |
554,295,987,865 |
364,618,000,000 |
|
2. Deduction item |
11,076,738,637 |
13,638,358,435 |
12,145,000,000 |
|
3. Net sale |
714,883,104,111 |
540,657,629,430 |
352,473,000,000 |
|
4. Costs of goods sold |
632,463,879,384 |
468,829,849,207 |
317,341,000,000 |
|
5. Gross profit |
82,419,224,727 |
71,827,780,223 |
35,132,000,000 |
|
6. Financial income |
5,966,302,357 |
8,922,448,577 |
1,863,000,000 |
|
7. Financial expenses |
11,924,386,992 |
5,162,797,609 |
6,016,000,000 |
|
- In which: Loan interest expenses |
8,764,807,123 |
3,518,992,712 |
6,016,000,000 |
|
8. Selling expenses |
53,248,656,057 |
0 |
0 |
|
9. Administrative overheads |
13,920,567,067 |
58,649,603,652 |
26,411,000,000 |
|
10. Net operating profit |
9,291,916,968 |
16,937,827,539 |
4,568,000,000 |
|
11. Other income |
1,905,553,363 |
306,645,860 |
78,000,000 |
|
12. Other expenses |
1,874,488,379 |
107,004,310 |
402,000,000 |
|
13. Other profit /(loss) |
31,064,984 |
199,641,550 |
-325,000,000 |
|
14. Total accounting profit before tax |
9,322,981,952 |
17,137,469,089 |
4,243,000,000 |
|
15. Current corporate income tax |
636,087,299 |
1,526,414,037 |
705,000,000 |
|
16. Deferred corporate income tax |
0 |
0 |
0 |
|
17. Interest from subsidiaries/related companies |
0 |
0 |
|
|
18. Profit after tax |
8,686,894,653 |
15,611,055,052 |
3,538,000,000 |
|
FINANCIAL RATIOS
AND AVERAGE INDUSTRY RATIOS |
||||
|
|
||||
|
Description |
FY2010 |
FY2009 |
FY2008 |
Average Industry |
|
Current liquidity ratio |
1.05 |
1.01 |
1.00 |
1.98 |
|
Quick liquidity ratio |
0.88 |
0.92 |
0.62 |
1.14 |
|
Inventory circle |
26.95 |
48.16 |
15.30 |
4.57 |
|
Average receive period |
75.52 |
46.12 |
28.52 |
74.01 |
|
Utilizing asset performance |
2.57 |
3.70 |
4.00 |
1.52 |
|
Liability by total asset |
78.65 |
74.60 |
73.24 |
56.31 |
|
Liability by owner equity |
368.42 |
293.75 |
273.69 |
172.82 |
|
Ebit / Total asset (ROA) |
6.49 |
14.13 |
11.65 |
11.85 |
|
Ebit / Owner's equity (ROE) |
30.40 |
55.65 |
43.55 |
32.44 |
|
Ebit / Total sale (NPM) |
2.49 |
3.73 |
2.81 |
7.81 |
|
Gross profit / Total sale (GPM) |
11.35 |
12.96 |
9.64 |
21.11 |
|
Note: The Average Industry was calculated by Vietnam Credit based on our
owned statistical data |
||||
PAYMENT HISTORY & PERFORMANCE
EXPERIENCES
|
Trade Morality |
|
Fair |
|
Liquidity |
|
Medium |
|
Payment status |
|
Average |
|
Financial Situation |
|
Above Average |
|
Development trend |
|
Stable |
|
Litigation data |
|
No Record |
|
Bankruptcy |
|
No Record |
|
Payment Methods |
|
L/C, T/T |
|
Sale Methods |
|
Retailer and Wholesaler |
|
Public opinion |
|
Good |
INTERPRETATION ON THE SCORES
|
VICO
COMPANY LIMITED was established in 1994 with main activities of production,
trading detergent and cosmetics. It is one of members of VLC Group (in Hai Phong
City) that is a relatively famous paint firm in Vietnam. Currently, the
subject is operating under the business registration No. 0200270081, same to
the tax code and the registered capital of the subject is VND 50,823,696,000. The
subject has head office and factory in An Duong District, Hai Phong City.
Besides, it also has two main branches in Hanoi City and Hochiminh City. Mr.
Nguyen Van Vien is the chairman while Mr. Nguyen Mong Lan directs the
subject; management capacity is fair. There are about 320 people working for
the subject under normal condition of equipment and facility. After
about 16 years of operation and development, VICO COMPANY LIMITED has created
stable position in the market with brand name of “VI DAN” detergent. Now it
has over 100 dealers in all country and its products gain about 10-12% market
share. Beside detergent products, the subject produces many kinds of liquid
cleaning product and cosmetic with brands: VICO, FAMI, TWO LEMON, MULTI, etc. Financially,
base on the above financial data, we see that the financial status of the
subject is fairly ensured. Total assets and total sale increased over the
years. If in 2008, total assets of the firm reached VND 88 billion, this
number in 2010 up to VND 278.6 billion, equals 216%. However the liabilities
also raised relative fast, special the current liabilities, hold about 97-99%
of total liabilities. In 2008 the liabilities reached VND 64.4 billion; it
was VND 219 billion in 2010. Because the current assets still can cover the
liabilities, thus liquidity ratios also were acceptable in recent years. The
financial leverage ratios (including liability by total asset and liability
by owner equity) were relative high as compared with the industry average.
This problem will be risk for the subject if the economic condition is not
advantage. However, it also shows that the subject took full advantage of
outside capital for business activities. In
income statement, total sale in 2010 reached VND 725.9 billion, increased
30.8% as compared with the year 2009, but the profit after tax was lower due
to the expenses in this year were high. The profitability ratios were average
compared with the average industry index. In
general, the subject is operating fairly effective. Its future prospect seems
bright. It has reliable capacity to meet medium amount of financial
commitments. |
APPENDIXES
|
INDUSTRY DATA |
||||||
|
|
||||||
|
Industry code |
Growth speed by
price compared with 1994 (%) |
Total
enterprises 2009 |
Total employees
2010 (Thous.pers.) |
Annual average
capital of enterprises 2009 (billion dongs) |
||
|
2010 |
2009 |
|||||
|
Agriculture,
Forestry and Fishing |
2.78 |
1.82 |
8,749 |
23,896.3 |
81,559 |
|
|
Industry and
Construction |
7.70 |
5.52 |
85,115 |
10,630 |
2,751,975 |
|
|
Trade and
Services |
7.52 |
6.63 |
154,978 |
14,522 |
4,939,069 |
|
|
|
||||||
|
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 |
72.2 |
57.1 |
62.7 |
|||
|
Imports |
84.8 |
69.9 |
80.7 |
|||
|
Trade Balance |
-12.6 |
-12.8 |
-18 |
|||
Source: General
Statistics Office
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.87 |
|
UK Pound |
1 |
Rs.79.73 |
|
Euro |
1 |
Rs.69.52 |
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.