|
Report Date : |
27.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
DOMESCO MEDICAL IMPORT - EXPORT JOINT STOCK CORPORATION |
|
|
|
|
Registered Office : |
66 National Road 30, My Phu Ward, Cao Lanh City, Dong Thap Province, |
|
|
|
|
Country : |
Vietnam |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Year of Establishment : |
1985 |
|
|
|
|
Com. Reg. No.: |
1400460395 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacturing, trading, importing and exporting medicines, medicinal materials for human |
|
|
|
|
No. of Employees : |
1,300 |
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, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Viet Nam |
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 |
|
DOMESCO MEDICAL IMPORT - EXPORT JOINT
STOCK CORPORATION |
|
Vietnamese Name |
|
CONG TY CO PHAN XUAT NHAP KHAU Y TE
DOMESCO |
|
Short name |
|
DOMESCO |
|
Type of Business |
|
Joint stock company |
|
Year Established |
|
1985 |
|
Establishment Decision |
|
144/QD.UB.TL |
|
Date of Issuance |
|
27 Nov 2003 |
|
Place of Issuance |
|
Dong Thap Province People's Committee |
|
Business Registration No. |
|
1400460395 |
|
Date of Registration |
|
05 Oct 2009 |
|
Place of Registration |
|
Department of Planning and Investment of
Dong Thap Province |
|
Current registered capital |
|
VND 178,093,360,000 |
|
Status |
|
Listed |
|
Stock symbol |
|
DMC |
|
Stock Market |
|
HOSE |
|
Outstanding stock |
|
17,809,336 |
|
Paid-up capital |
|
VND 178,093,360,000 |
|
Tax code |
|
1400460395 |
|
Total Employees |
|
1,300 |
Historical Identification & Legal form
|
List |
Changed Items |
Date of changes |
|
1 |
Subject has got former Business
Registration No: 5103000015, granted on 30 Dec 2003 Changed to: 1400460395 |
05
Oct 2009 |
|
2 |
Subject has got former Registered
Vietnamese Name: CONG TY XUAT NHAP KHAU Y TE DONG THAP Changed to: CONG TY CO
PHAN XUAT NHAP KHAU Y TE DOMESCO |
01
Jan 2004 |
|
3 |
Subject has got former Tax code No:
1400102985 Changed to: 1400460395 |
31
Dec 2003 |
|
4 |
Subject has got former Registered
Vietnamese Name: CONG TY XUAT NHAP KHAU PHUC VU Y TE Changed to: CONG TY XUAT NHAP KHAU Y TE
DONG THAP |
14
Nov 1992 |
|
5 |
Subject has got former Registered
Vietnamese Name: CONG TY DOMESCO Changed to: CONG TY XUAT NHAP KHAU PHUC VU Y
TE |
20
Oct 1989 |
|
6 |
Subject has got former Registered
Vietnamese Name: CONG TY DICH VU VA CUNG UNG VAT TU Y TE Changed to: CONG TY
DOMESCO |
19
May 1989 |
|
7 |
Subject has got former Registered
Vietnamese Name: CONG TY CUNG UNG VAT TU VA THIET BI Y TE Changed to: CONG TY DICH VU VA CUNG UNG
VAT TU Y TE |
21
Sep 1988 |
|
8 |
Subject has got former Registered
Vietnamese Name: CONG TY VAT TU THIET BI Y TE Changed to: CONG TY CUNG UNG
VAT TU VA THIET BI Y TE |
28
Jul 1987 |
|
|
||
ADDRESSES
|
||
|
|
||
|
Head Office |
||
|
Address |
|
66 National Road 30, My Phu Ward, Cao Lanh
City, Dong Thap Province, Vietnam |
|
Telephone |
|
(84-67) 3852 278 - 3856324 - 3856325 -
3.859 370 |
|
Fax |
|
(84-67) 3851 270 |
|
Email |
|
|
|
Website |
|
|
|
|
||
|
Representative
office in Ho Chi Minh |
||
|
Address |
|
37 Thanh Thai Street, 14 Ward, 10
District, Ho Chi Minh City, Vietnam |
|
Telephone |
|
(84-8) 3865 4185 - 3865 5287 - 3865 2599 -
3864 9030 |
|
Fax |
|
(84-8)- 3865 0447 |
|
Email |
|
|
|
|
||
|
Representative
office in Dak Lak |
||
|
Address |
|
No. 9A Hung Vuong Road Tu An Ward, Buon Ma
Thuot City, Dak Lak Province, Vietnam |
|
Note: Business code No. 4023000019 |
||
|
|
||
|
Branch in Ha Noi
|
||
|
Address |
|
23-24 N7A Trung Hoa - Nhan Chinh, Nhan
Chinh Ward, Thanh Xuan District, Ha Noi City, Vietnam |
|
Telephone |
|
(84-4) 3556 8557 - 3556 8558 |
|
Fax |
|
(84-4) 3556 8559 |
|
Email |
|
|
|
|
||
|
Branch in Nghe
An |
||
|
Address |
|
159 Tran Hung Dao Stress, Doi Cung Ward,
Vinh City, Nghe An Province, Vietnam |
|
Telephone |
|
(84-38) 3833968 |
|
Fax |
|
(84-38) 3580711 |
|
Email |
|
|
|
|
||
|
Branch in Da
Nang |
||
|
Address |
|
77 Ly Thai Tong Thanh Khe Ward, Thanh Khe
District, Da Nang City, Vietnam |
|
Telephone |
|
(84-511) - 2244812 - 3760789 |
|
Fax |
|
(84-511) - 3760790 |
|
Email |
|
|
|
Note: Former call name: 23,24 - B20 Hamlet 26,
Thanh Khe Tay Ward - Thanh Khe District - Da Nang City - Vietnam |
||
|
|
||
|
Branch in Dong
Nai |
||
|
Address |
|
R65 Vo Thi Sau St., Thong Nhat A Ward,
Bien Hoa City, Dong Nai Province, Vietnam |
|
Telephone |
|
(84-61) 3918399 |
|
Fax |
|
(84-61) 3918399 |
|
Email |
|
|
|
|
||
|
Branch in Ho Chi
Minh |
||
|
Address |
|
24A -24B Center St., TanTao A Ward, Binh
Tan District, Ho Chi Minh City, Vietnam |
|
Telephone |
|
(84-8) 54259996 - 54257687- 54257688 -
54257689 |
|
Fax |
|
(84-8) 54259997 |
|
Email |
|
|
|
|
||
|
Branch in Can
Tho |
||
|
Address |
|
325B-325C Population Area 91B, An Khanh
Ward, Ninh Kieu District, Can Tho City, Vietnam |
|
Telephone |
|
(84-710) 3780359 - 3781992 - 2222786 |
|
Fax |
|
(84-710) 6252045 |
|
Email |
|
|
|
|
||
|
Branch in Dong
Thap |
||
|
Address |
|
32 Le Anh Xuan street, 2 Ward, Cao Lanh
City, Dong Thap Province, Vietnam |
|
Telephone |
|
(84-67) 2210231 - 2210423 |
|
Fax |
|
(84-67) 3875761 |
|
Email |
|
|
|
|
||
|
Branch in Hai
Duong |
||
|
Address |
|
77 Tam Giang, Tran Hung Dao Ward, Hai
Duong City, Hai Duong Province, Vietnam |
|
Telephone |
|
(84-320) 383 0585 |
|
Fax |
|
(84-320) 383 0325 |
|
Email |
|
|
|
|
||
SUBSIDIARIES AND RELATED
COMPANIES
|
||
|
|
||
|
1. DOMENOL
COMPANY LIMITED |
||
|
Business Registration |
|
1401164085 |
|
Date of Registration |
|
23 Dec 2009 |
|
Place of Registration |
|
Planning and Investment Department of Dong Thap province |
|
Registered Capital |
|
VND 10,000,000,000 |
|
Tax code |
|
1401164085 |
|
Address |
|
Domesco Industrial Zone An Dinh Hamlet - An Binh Commune, Cao Lanh
City, Dong Thap Province, Vietnam |
|
|
||
|
2. BINH THUAN
PHARMACEUTICAL AND MEDICAL EQUIPMENT JOINT STOCK COMPANY |
||
|
Business Registration |
|
3400324879 |
|
Date of Registration |
|
15 Jun 2011 |
|
Place of Registration |
|
Planning and Investment Department of Binh Thuan Province |
|
Registered Capital |
|
VND 13,020,000,000 |
|
Tax code |
|
3400324879 |
|
Address |
|
No. 192 Nguyen Hoi, Phan Thiet City, Binh Thuan Province, Vietnam |
|
Tel |
|
(84-62) 3823 096 |
|
|
||
|
3. TAYNINH
PHARMACEUTICAL JOINT STOCK COMPANY |
||
|
Business Registration |
|
3900244043 |
|
Date of Registration |
|
25 Jul 2011 |
|
Place of Registration |
|
Planning and Investment Department of Tay Ninh Province |
|
Registered Capital |
|
VND 3,597,000,000 |
|
Tax code |
|
3900244043 |
|
Address |
|
No.10 Nguyen Thai Hoc Street, Tay Ninh City, Tay Ninh Province,
Vietnam |
|
Tel |
|
(84-66) 3812346 |
|
|
||
|
4. DOMEDIC
MEDICAL AND PHARMACEUTICAL JOINT STOCK COMPANY |
||
|
Business Registration |
|
5103000079 |
|
Date of Registration |
|
03 Apr 2007 |
|
Place of Registration |
|
Planning and Investment Department of Dong Thap Province |
|
Registered Capital |
|
VND 60,000,000,000 |
|
Tax code |
|
1400601945 |
|
Address |
|
No. 700 National way 30 My Tan Commune, Cao Lanh City, Dong Thap
Province, Vietnam |
|
|
||
|
5. DOMENAL JOINT
STOCK COMPANY |
||
|
Business Registration |
|
1400641835 |
|
Date of Registration |
|
06 Mar 2008 |
|
Place of Registration |
|
Planning and Investment Department of Dong Thap Province |
|
Registered Capital |
|
VND 125,000,000,000 |
|
Tax code |
|
1400641835 |
|
Address |
|
National Way 30 Hamlet 1, Cao Lanh City, Dong Thap Province, Vietnam |
|
Tel |
|
(84-67) 3890 712/ 3890 715 |
|
Fax |
|
(84-67) 3890 717 |
|
Website |
|
|
|
|
||
DIRECTORS
|
||
|
|
||
|
1.
NAME |
|
Mr.
NGUYEN CHI THANH |
|
Position |
|
Chairman |
|
Resident |
|
Dong Thap Province,
Vietnam |
|
Nationality |
|
Vietnamese |
|
|
||
|
2.
NAME |
|
Mr.
HUYNH TRUNG CHANH |
|
Position |
|
General Director |
|
Education |
|
Hanoi University of Pharmacy |
|
Date of Birth |
|
29 Sep 1947 |
|
ID Number/Passport |
|
340003406 |
|
ID Issue Date |
|
29 Dec 2003 |
|
ID Issue Place |
|
Police Station of
Dong Thap Province |
|
Resident |
|
No. 58 Nguyen Dinh
Chieu Ward 2, Cao Lanh City, Dong Thap Province, Vietnam |
|
Nationality |
|
Vietnamese |
|
Tel/Mobil phone |
|
(84-67) 3856326 |
|
Qualification |
|
Pharmacist |
|
|
||
|
3.
NAME |
|
Ms.
NGUYEN THI TIEN |
|
Position |
|
Deputy General Director |
|
Date of Birth |
|
01 Jan 1956 |
|
ID Number/Passport |
|
340556057 |
|
ID Issue Date |
|
16 Feb 2004 |
|
ID Issue Place |
|
Police Station of
Dong Thap Province |
|
Resident |
|
No. 88 Hung Vuong
Ward 2, Cao Lanh City, Dong Thap Province, Vietnam |
|
Nationality |
|
Vietnamese |
|
Tel/Mobil phone |
|
(84-67) 3856326 |
|
Qualification |
|
CHEMICAL ENGINEER |
|
|
||
|
4.
NAME |
|
Mr.
NGUYEN VAN HOA |
|
Position |
|
Financial Director |
|
Date of Birth |
|
21 Oct 1967 |
|
Nationality |
|
Vietnamese |
|
|
||
BUSINESS NATURE AND ACTIVITIES
|
|
|
|
The
company is involved in: |
|
|
IMPORT & EXPORT ACTIVITIES
|
||
|
|
||
|
IMPORT: |
||
|
·
Types of products |
|
Medical equipments, pharmaceutical products |
|
·
Market |
|
France, India, Germany, Australia, Canada, China, Hong Kong, Italy,
Japan, Korea, Malaysia, Netherlands, Singapore, Switzerland, Taiwan, and USA,
etc. |
|
·
Mode of payment |
|
L/C, TT |
|
|
||
|
EXPORT: |
||
|
·
Types of products |
|
Goods |
|
·
Market |
|
Hong Kong, Japan, Laos, Cambodia, Myanmar, Philippines, Africa, etc. |
|
·
Mode of payment |
|
L/C, TT |
|
|
||
BANKERS
|
||
|
|
||
|
1.
VIET NAM JOINT STOCK COMMERCIAL BANK FOR INDUSTRY AND TRADE DONG THAP BRANCH |
||
|
Address |
|
No.87 Nguyen Hue, Cao Lanh City, Dong Thap Province, Vietnam |
|
Telephone |
|
(84-67) 3851 095 |
|
Fax |
|
(84-67) 3851 721 |
|
|
||
|
2.
VIETNAM EXPORT IMPORT COMMERCIAL JOINT STOCK BANK |
||
|
Address |
|
8th Floor, VinCom Center, No. 72 Le Thanh Ton street , 1 District, Ho
Chi Minh City, Vietnam |
|
Telephone |
|
(84-8) 3821 0055 |
|
Fax |
|
(84-8) 3829 6063 |
|
|
||
|
3.
BANK FOR INVESTMENT AND DEVELOPMENT OF VIETNAM DONG THAP BRANCH |
||
|
Address |
|
No.12A 30/4 Street, Ward 1, Cao Lanh City, Dong Thap Province, Vietnam
|
|
Telephone |
|
(84-67) 3854 454 |
|
|
||
SHAREHOLDERS
|
||
|
|
||
|
1.
NAME |
|
STATE
CAPITAL INVESTMENT CORPORATION |
|
Business Registration |
|
0101992921 |
|
Date of Registration |
|
09 Jul 2010 |
|
Place of Registration |
|
Ha Noi Planning and Investment Department |
|
Registered Capital |
|
VND 19,000,000,000,000 |
|
Tax code |
|
0101992921 |
|
Address |
|
No. 15A Tran Khanh Du Str.,, Hoan Kiem
District, Ha Noi City, Vietnam |
|
Tel |
|
(84-4) 62780126 |
|
Fax |
|
(84-4) 62780136 |
|
Number of shares |
|
4,750,650 |
|
Value of shares |
|
VND 47,506,500,000 |
|
Percentage |
|
26.68% |
|
|
||
|
2.
NAME |
|
Mr.
HUYNH TRUNG CHANH |
|
Position |
|
General Director |
|
Date of Birth |
|
29 Sep 1947 |
|
ID Number/Passport |
|
340003406 |
|
Issued on |
|
29 Dec 2003 |
|
Issued Place |
|
Police Station of Dong Thap Province |
|
Resident |
|
No. 58 Nguyen Dinh Chieu Ward 2, Cao Lanh
City, Dong Thap Province, Vietnam |
|
Work phone |
|
(84-67) 3856326 |
|
Nationality |
|
Vietnamese |
|
Number of Shares |
|
101,106 |
|
Value of shares |
|
VND 1,011,060,000 |
|
Percentage |
|
0.57% |
|
|
||
|
3.
NAME |
|
Ms.
NGUYEN THI TIEN |
|
Position |
|
Deputy General Director |
|
Date of Birth |
|
01 Jan 1956 |
|
ID Number/Passport |
|
340556057 |
|
Issued on |
|
16 Feb 2004 |
|
Issued Place |
|
Police Station of Dong Thap Province |
|
Resident |
|
No. 88 Hung Vuong Ward 2, Cao Lanh City,
Dong Thap Province, Vietnam |
|
Work phone |
|
(84-67) 3856326 |
|
Nationality |
|
Vietnamese |
|
Number of Shares |
|
47,841 |
|
Value of shares |
|
VND 478,410,000 |
|
Percentage |
|
0.27% |
|
|
||
FINANCIAL DATA
|
||
|
|
||
|
BALANCE
SHEET |
||
Unit: One VND
|
||
|
Balance sheet
date |
31/12/2011 |
31/12/2010 |
|
Number of weeks |
52 |
52 |
ASSETS
|
||
|
A – CURRENT
ASSETS |
501,989,647,592 |
436,617,528,961 |
|
I. Cash and cash
equivalents |
62,388,417,823 |
41,392,630,785 |
|
1. Cash |
62,388,417,823 |
41,392,630,785 |
|
2. Cash equivalents |
0 |
0 |
|
II. Short-term
investments |
0 |
0 |
|
1. Short-term investments |
0 |
0 |
|
2. Provisions for devaluation of short-term investments |
0 |
0 |
|
III. Accounts
receivable |
239,445,049,714 |
185,120,424,859 |
|
1. Receivable from customers |
216,025,205,487 |
178,312,460,440 |
|
2. Prepayments to suppliers |
1,762,249,141 |
8,383,145,351 |
|
3. Inter-company receivable |
0 |
0 |
|
4. Receivable according to the progress of construction |
0 |
0 |
|
5. Other receivable |
23,787,544,823 |
4,485,642,016 |
|
6. Provisions for bad debts |
-2,129,949,737 |
-6,060,822,948 |
|
IV. Inventories |
188,122,862,493 |
199,460,540,525 |
|
1. Inventories |
188,122,862,493 |
199,460,540,525 |
|
2. Provisions for devaluation of inventories |
0 |
0 |
|
V. Other Current
Assets |
12,033,317,562 |
10,643,932,792 |
|
1. Short-term prepaid expenses |
4,176,904,767 |
3,355,361,128 |
|
2. VAT to be deducted |
1,893,672,038 |
960,841,582 |
|
3. Taxes and other accounts receivable from the State |
0 |
0 |
|
4. Other current assets |
5,962,740,757 |
6,327,730,082 |
|
B. LONG-TERM
ASSETS |
329,196,523,138 |
330,190,987,708 |
|
I. Long term
accounts receivable |
0 |
0 |
|
1. Long term account receivable from customers |
0 |
0 |
|
2. Working capital in affiliates |
0 |
0 |
|
3. Long-term inter-company receivable |
0 |
0 |
|
4. Other long-term receivable |
0 |
0 |
|
5. Provisions for bad debts from customers |
0 |
0 |
|
II. Fixed assets
|
284,040,629,052 |
242,938,886,127 |
|
1. Tangible assets |
219,952,305,631 |
181,295,165,767 |
|
- Historical costs |
339,234,621,357 |
276,897,851,546 |
|
- Accumulated depreciation |
-119,282,315,726 |
-95,602,685,779 |
|
2. Financial leasehold assets |
0 |
0 |
|
- Historical costs |
0 |
0 |
|
- Accumulated depreciation |
0 |
0 |
|
3. Intangible assets |
37,720,670,808 |
38,154,107,719 |
|
- Initial costs |
39,081,956,997 |
38,952,756,997 |
|
- Accumulated amortization |
-1,361,286,189 |
-798,649,278 |
|
4. Construction-in-progress |
26,367,652,613 |
23,489,612,641 |
|
III. Investment
property |
0 |
0 |
|
Historical costs |
0 |
0 |
|
Accumulated depreciation |
0 |
0 |
|
IV. Long-term
investments |
42,783,980,000 |
84,033,180,000 |
|
1. Investments in affiliates |
8,500,000,000 |
4,500,000,000 |
|
2. Investments in business concerns and joint ventures |
33,570,200,000 |
73,570,200,000 |
|
3. Other long-term investments |
713,780,000 |
5,962,980,000 |
|
4. Provisions for devaluation of long-term investments |
0 |
0 |
|
V. Other
long-term assets |
2,371,914,086 |
3,218,921,581 |
|
1. Long-term prepaid expenses |
2,371,914,086 |
3,218,921,581 |
|
2. Deferred income tax assets |
0 |
0 |
|
3. Other long-term assets |
0 |
0 |
|
VI. Goodwill |
0 |
0 |
|
1. Goodwill |
0 |
0 |
|
TOTAL ASSETS |
831,186,170,730 |
766,808,516,669 |
|
|
||
LIABILITIES
|
||
|
A- LIABILITIES |
245,033,100,065 |
215,530,186,367 |
|
I. Current
liabilities |
232,779,372,801 |
190,260,665,918 |
|
1. Short-term debts and loans |
119,689,116,911 |
112,982,981,362 |
|
2. Payable to suppliers |
51,249,652,183 |
42,640,270,151 |
|
3. Advances from customers |
1,290,535,070 |
1,779,555,838 |
|
4. Taxes and other obligations to the State Budget |
24,859,466,731 |
12,138,683,380 |
|
5. Payable to employees |
15,461,181,053 |
10,233,953,653 |
|
6. Accrued expenses |
3,500,000,000 |
0 |
|
7. Inter-company payable |
0 |
0 |
|
8. Payable according to the progress of construction contracts |
0 |
0 |
|
9. Other payable |
12,761,574,969 |
10,485,221,534 |
|
10. Provisions for short-term accounts payable |
3,967,845,884 |
0 |
|
II. Long-Term
Liabilities |
12,253,727,264 |
25,269,520,449 |
|
1. Long-term accounts payable to suppliers |
0 |
0 |
|
2. Long-term inter-company payable |
0 |
0 |
|
3. Other long-term payable |
2,296,001,911 |
931,249,931 |
|
4. Long-term debts and loans |
9,659,401,700 |
24,084,901,700 |
|
5. Deferred income tax payable |
0 |
0 |
|
6. Provisions for unemployment allowances |
298,323,653 |
253,368,818 |
|
7. Provisions for long-term accounts payable |
0 |
0 |
|
B- OWNER’S
EQUITY |
586,153,070,665 |
551,278,330,302 |
|
I. OWNER’S
EQUITY |
584,935,140,764 |
546,491,883,970 |
|
1. Capital |
178,093,360,000 |
178,093,360,000 |
|
2. Share premiums |
229,677,322,904 |
229,275,000,000 |
|
3. Other sources of capital |
0 |
0 |
|
4. Treasury stocks |
0 |
-15,737,386,415 |
|
5. Differences on asset revaluation |
0 |
0 |
|
6. Foreign exchange differences |
0 |
0 |
|
7. Business promotion fund |
79,760,512,313 |
58,236,641,879 |
|
8. Financial reserved fund |
17,809,336,000 |
14,225,821,980 |
|
9. Other funds |
0 |
0 |
|
10. Retained earnings |
79,594,609,547 |
82,398,446,526 |
|
11. Construction investment fund |
0 |
0 |
|
II. Other
sources and funds |
1,217,929,901 |
4,786,446,332 |
|
1. Bonus and welfare funds |
1,217,929,901 |
4,786,446,332 |
|
2. Sources of expenditure |
0 |
0 |
|
3. Fund to form fixed assets |
0 |
0 |
|
MINORITY’S
INTEREST |
0 |
0 |
|
TOTAL
LIABILITIES AND OWNER’S EQUITY |
831,186,170,730 |
766,808,516,669 |
|
|
||
|
PROFIT
& LOSS STATEMENT |
||
|
|
||
|
Description |
FY2011 |
FY2010 |
|
1. Total Sales |
1,194,863,534,661
|
1,113,098,646,568
|
|
2. Deduction item |
62,807,453,005 |
69,659,148,720 |
|
3. Net revenue |
1,132,056,081,656
|
1,043,439,497,848
|
|
4. Costs of goods sold |
758,395,976,929 |
728,277,573,025 |
|
5. Gross profit |
373,660,104,727 |
315,161,924,823 |
|
6. Financial income |
11,839,727,804 |
7,918,126,468 |
|
7. Financial expenses |
19,361,995,579 |
20,038,179,147 |
|
- In which: Loan interest expenses |
10,939,634,321 |
14,033,238,359 |
|
8. Selling expenses |
134,976,864,712 |
98,653,855,931 |
|
9. Administrative overheads |
104,688,283,471 |
91,096,086,944 |
|
10. Net operating profit |
126,472,688,769 |
113,291,929,269 |
|
11. Other income |
261,577,944 |
98,791,761 |
|
12. Other expenses |
10,741,691 |
3,013,732 |
|
13. Other profit /(loss) |
250,836,253 |
95,778,029 |
|
14. Total accounting profit before tax |
126,723,525,022 |
113,387,707,298 |
|
15. Current corporate income tax |
38,209,150,925 |
30,596,072,576 |
|
16. Deferred corporate income tax |
0 |
0 |
|
17. Interest from subsidiaries/related companies |
0 |
0 |
|
18. Profit after tax |
88,514,374,097 |
82,791,634,722 |
|
|
|||||
|
FINANCIAL RATIOS
AND AVERAGE INDUSTRY RATIOS |
|||||
|
|
|||||
|
Description |
FY2011 |
FY2010 |
Average Industry |
||
|
Current liquidity ratio |
2.16 |
2.29 |
1.32 |
||
|
Quick liquidity ratio |
1.35 |
1.25 |
0.79 |
||
|
Inventory circle |
4.03 |
3.97 |
5.10 |
||
|
Average receive period |
77.20 |
64.76 |
106.45 |
||
|
Utilizing asset performance |
1.36 |
1.36 |
1.57 |
||
|
Liability by total assets |
29.48 |
28.11 |
71.38 |
||
|
Liability by owner's equity |
41.80 |
39.10 |
337.52 |
||
|
Ebit / Total assets (ROA) |
16.56 |
16.62 |
6.72 |
||
|
Ebit / Owner's equity (ROE) |
23.49 |
23.11 |
28.18 |
||
|
Ebit / Total revenue (NPM) |
11.52 |
11.45 |
4.85 |
||
|
Gross profit / Total revenue (GPM) |
31.27 |
28.31 |
12.56 |
||
|
Note: The Average Industry was calculated by VietnamCredit based on our own
statistical data |
|||||
|
|
|||||
|
CASH
FLOW STATEMENT |
|
||||
|
(Direct method) |
|
||||
|
Items |
FY2011 |
||||
|
I. Cash flows
from operating activities |
|
||||
|
1.Cash received from customers |
1,127,968,377,218 |
||||
|
2. Cash paid to suppliers |
-785,588,310,064 |
||||
|
3. Cash paid to employees |
-92,659,151,964 |
||||
|
4. Interest paid |
-10,939,634,321 |
||||
|
5. Income taxes paid |
-27,628,904,869 |
||||
|
6. Other operating cash receipts |
50,804,922,004 |
||||
|
7. Other operating payments |
-115,409,788,924 |
||||
|
Net cash flows from operating activities |
146,547,509,080 |
||||
|
II. Cash flows
from investing activities |
|
||||
|
1. Purchases and construction of fixed assets and other long-term
assets |
-63,627,395,142 |
||||
|
2. Gains from disposals and liquidation of fixed assets and other
long-term assets |
1,000,000 |
||||
|
3. Loans given and purchases of debt instruments of other entities |
|
||||
|
4. Recovery of loans given and disposals of debt instruments of other
entities |
|
||||
|
5. Investments into other entities |
-4,000,000,000 |
||||
|
6. Withdrawals of investments in other entities |
24,249,200,000 |
||||
|
7. Receipts of loan interests, dividends and profit shared |
2,175,174,000 |
||||
|
Net cash flows from investing activities |
-40,202,021,142 |
||||
|
III. Cash flows
from financing activities |
|
||||
|
1. Gains from stock issuance and capital contributions from
shareholders |
16,208,301,000 |
||||
|
2. Repayment for capital contributions and re-purchases of stocks
already issues |
|
||||
|
3. Short-term and long-term loans received |
134,022,069,170 |
||||
|
4. Loan principal amounts repaid |
-197,072,322,270 |
||||
|
5. Payments for financial leasehold assets |
|
||||
|
6. Dividends and profit already paid to the owners |
-38,507,748,800 |
||||
|
Net cash flows from financing activities |
-85,349,700,900 |
||||
|
Net cash flows during the year |
20,995,787,038 |
||||
|
Beginning cash and cash equivalents |
41,392,630,785 |
||||
|
Effects of fluctuations in foreign exchange rates |
|
||||
|
Ending cash and cash equivalents |
62,388,417,823 |
||||
|
|
|||||
PAYMENT HISTORY & PERFORMANCE EXPERIENCES
|
||
|
|
||
|
Trade Morality |
|
Fair |
|
Liquidity |
|
Medium/High |
|
Payment status |
|
Above Average |
|
Financial Situation |
|
Above Average |
|
Development trend |
|
Positive |
|
Litigation data |
|
No Record |
|
Bankruptcy |
|
No Record |
|
Payment Methods |
|
L/C, T/T |
|
Sale Methods |
|
Retailer and Wholesaler |
|
|
|
|
INTERPRETATION ON THE SCORES
|
|
|
|
DOMESCO
is short name of DOMESCO MEDICAL IMPORT EXPORT JOINT STOCK CORPORATION, which
was established in 1985 and it was equitized in 2003 under the license No.
144/QD.UB.TL, issued by Dong Thap Province People’s Committee. After
many changes, now the company operates according to the business code No.
1400460395, issued by Planning and Investment Department of Dong Thap
Province with the registered capital of VND 178,093,360,000 VND. At the end
of 2006, the subject was listed on Ho Chi Minh Stock Exchange with the stock
symbol is DMC. The
export value and foreign market are increased and widen year after year. With
good management capacity, clear developing strategies and well trained
employees, the company achieved good business result. |
|
|
------------ APPENDIX ----------
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) |
||
|
2011 |
2010 |
|||||
|
Agriculture, Forestry
and Fishing |
4.00 |
2.78 |
8,749 |
23,896.3 |
81,559 |
|
|
Industry and
Construction |
5.53 |
7.70 |
85,115 |
10,630 |
2,751,975 |
|
|
Trade and
Services |
6.69 |
7.52 |
154,978 |
14,522 |
4,939,069 |
|
|
|
||||||
ECONOMIC INDICATORS
|
||||||
|
|
||||||
|
|
2011 |
2010 |
2009 |
|||
|
Population (Million person) |
87.84 |
86.93 |
86.02 |
|||
|
Gross Domestic Products (USD
billion) |
119 |
102.2 |
91 |
|||
|
GDP Growth (%) |
5.89 |
6.78 |
5.32 |
|||
|
GDP Per Capita
(USD/person/year) |
1,300 |
1,160 |
1,080 |
|||
|
Inflation (% Change in
Composite CPI) |
18.58 |
11.75 |
6.88 |
|||
|
State Budget Deficit compared
with GDP (%) |
4.9 |
5.8 |
6.9 |
|||
|
|
||||||
SERVICE TRADE PERFORMANCE
|
||||||
|
|
||||||
|
Billion USD |
2011 |
2010 |
2009 |
|||
|
Exports |
96.3 |
72.2 |
57.1 |
|||
|
Imports |
105.8 |
84.8 |
69.9 |
|||
|
Trade Balance |
-9.5 |
-12.6 |
-12.8 |
|||
Source: General
Statistics Office
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.38 |
|
|
1 |
Rs.87.79 |
|
Euro |
1 |
Rs.69.47 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.