|
Report Date : |
23.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
MEKOPHAR CHEMICAL PHARMACEUTICAL JOINT-STOCK
COMPANY |
|
|
|
|
Registered Office : |
No. 297/5 Ly Thuong Kiet Str - Ward 15 - District 11 - |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2012 |
|
|
|
|
Year of Establishment : |
1975 |
|
|
|
|
Com. Reg. No.: |
0302533156 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacturer of pharmaceuticals, medicinal
chemical and botanical products |
|
|
|
|
No. of Employees : |
832 |
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 : |
Good |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
|
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Current legal status
|
||
|
English Name |
|
MEKOPHAR
CHEMICAL PHARMACEUTICAL JOINT-STOCK COMPANY |
|
Vietnamese Name |
|
CONG TY CO PHAN
HOA - DUOC PHAM MEKOPHAR |
|
Trade name |
|
MEKOPHAR CHEMICAL PHARMACEUTICAL JOINT-STOCK
COMPANY |
|
Short name |
|
MEKOPHAR |
|
Type of Business |
|
Joint stock
company |
|
Year Established |
|
1975 |
|
Business Registration No. |
|
0302533156 |
|
Date of
Registration |
|
17 Oct 2009 |
|
Date of the
latest (10th) Adjustment |
|
01 Dec 2011 |
|
Place of
Registration |
|
Business Registration Office - Planning
and Investment Department of |
|
Chartered capital |
|
VND 101,159,320,000 |
|
Status |
|
Listed |
|
Stock symbol |
|
MKP |
|
Stock Market |
|
HOSE |
|
Tax code |
|
0302533156 |
|
Total Employees |
|
832 |
|
|
||
Historical
Identification & Legal form
|
List |
Changed Items |
Date of changes |
|
1 |
Subject has got former Chartered capital:
VND 92,100,000,000 Changed to: VND 101,159,320,000 |
23
Nov 2011 |
|
2 |
Subject has got former Business
Registration No: 4103000833 Changed to: 0302533156 |
17
Oct 2009 |
|
3 |
Subject has got former chartered capital:
VND 84,000,000,000 Changed to: VND 92,100,000,000 |
15
Sep 2008 |
|
4 |
Subject has got former Registered
Vietnamese Name: XI NGHIEP DUOC PHAM TRUNG UONG 24 Changed to: CONG TY CO PHAN HOA - DUOC PHAM
MEKOPHAR |
08
Feb 2002 |
|
5 |
Subject has got former Type of Business:
State Owned Company Changed to: Joint Stock Company |
08
Feb 2002 |
|
6 |
Subject has got former Business
Registration No. 102739 issued on June 3rd 1993 Changed to:
4103000833 |
08 Feb
2002 |
|
Head Office |
||
|
Address |
|
No. 297/5 Ly Thuong Kiet Str - Ward 15
- District 11 - Ho Chi Minh City -
Vietnam |
|
Telephone |
|
(84-8) 3865 0258 / 3865 0637 / 3865 0363 /
3865 2477 |
|
Fax |
|
(84-8) 3865 0394 |
|
Email |
|
|
|
Website |
|
|
|
|
||
|
Showroom Address |
||
|
Address |
|
No. 940 Ba Thang Hai Str - District 11 -
Ho Chi Minh City - Vietnam |
|
Telephone |
|
(84-8) 3866 7380 |
|
|
||
|
Showroom Address
|
||
|
Address |
|
No. 192 Pasteur Str - Ward 6 - District 3
- Ho Chi Minh City - Vietnam |
|
Telephone |
|
(84-8) 3822 5160 |
|
|
||
|
Showroom Address
|
||
|
Address |
|
No. 297/5 Ly Thuong Kiet Str - Ward 15 -
District 11 - Ho Chi Minh City - Vietnam |
|
|
||
|
Branch in Ha Noi
|
||
|
Address |
|
No. 95 Lang Ha Str - Lang Ha Ward - Dong
Da District - Ha Noi City - Vietnam |
|
Telephone |
|
(84-4) 3856 1353 / 3514 2279 |
|
Fax |
|
(84-4) 3514 2297 / 6275 0802 |
|
Email |
|
|
|
|
||
|
Branch in Da
Nang |
||
|
Address |
|
No. 70 Pham Van Nghi Str - Thanh Khe District
- Da Nang City - Vietnam |
|
Telephone |
|
(84-511) 3653 179 / 3653 177 |
|
Fax |
|
(84-511) 3653 177 |
|
Email |
|
|
|
|
||
|
Branch in Can
Tho |
||
|
Address |
|
No. 17A Cach Mang Thang Tam Str - An Thoi
Ward - Binh Thuy District - Can Tho City - Vietnam |
|
Telephone |
|
(84-710) 3825 400 / 2241 966 |
|
Fax |
|
(84-710) 3762 050 |
|
Email |
|
|
|
|
||
|
Showroom Address
|
||
|
Address |
|
No. D9-10, 134/1 To Hien Thanh Str - Ward
15 - Ditsrict 10 - Ho Chi Minh City - Vietnam |
|
Telephone |
|
(84-8) 3866 7118 / 2215 4164 |
|
Fax |
|
(84-8) 3862 4802 |
|
1. VIETNAM
PHARMACEUTICAL CORPORATION |
||
|
Business Registration |
|
0100109385 |
|
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 |
|
|
|
1.
NAME |
|
Ms.
HUYNH THI LAN |
|
Position |
|
Chairwoman and General Director |
|
Date of Birth |
|
10 May 1951 |
|
ID Number/Passport |
|
020215339 |
|
ID Issue Date |
|
13 Jun 2003 |
|
ID Issue Place |
|
Police Station of
Hochiminh City |
|
Resident |
|
No. 28/14 Cach Mang Thang
Tam Str - Ward 14 - Tan Binh District - Ho Chi Minh City - Vietnam |
|
Nationality |
|
Vietnamese |
|
Tel/Mobil phone |
|
+84 903 814 467 |
|
Qualification |
|
Pharmacist |
|
|
||
|
2.
NAME |
|
Ms.
DANG THI KIM LAN |
|
Position |
|
Member of BOM - Vice General Director |
|
Date of Birth |
|
12 May 1951 |
|
ID Number/Passport |
|
020036770 |
|
ID Issue Date |
|
25 Mar 2003 |
|
ID Issue Place |
|
Police Station of
Hochiminh City |
|
Resident |
|
No. 26/16–18 Su Van Hanh Str - Ward 12
- District 10 - Ho Chi Minh City -
Vietnam |
|
Nationality |
|
Vietnamese |
|
Tel/Mobil phone |
|
(84-8) 3865 2477 |
|
Qualification |
|
Bachelor |
|
|
||
|
3.
NAME |
|
Ms.
VO THI THANH VAN |
|
Position |
|
Member of BOM |
|
Date of Birth |
|
09 Jan 1950 |
|
ID Number/Passport |
|
020094843 |
|
ID Issue Date |
|
24 Oct 1994 |
|
ID Issue Place |
|
Police Station of
Hochiminh City |
|
Resident |
|
No. 236A/7 Le Van Si Str
- Ward 1 - Tan Binh District - Ho Chi Minh City - Vietnam |
|
Nationality |
|
Vietnamese |
|
|
||
|
4.
NAME |
|
Ms.
NGUYEN THUY VAN |
|
Position |
|
Member of BOM |
|
Date of Birth |
|
12 Mar 1959 |
|
ID Number/Passport |
|
020651130 |
|
ID Issue Date |
|
17 Oct 2006 |
|
ID Issue Place |
|
Police Station of
Hochiminh City |
|
Resident |
|
No. 147 National Road
No. 13 - Ward 6 - Binh Thanh District
- Ho Chi Minh City - Vietnam |
|
Nationality |
|
Vietnamese |
|
|
||
|
5.
NAME |
|
Mr.
LE ANH PHUONG |
|
Position |
|
Member of BOM - Vice General Director |
|
Date of Birth |
|
20 Jun 1960 |
|
ID Number/Passport |
|
022076229 |
|
ID Issue Date |
|
13 Jun 2009 |
|
ID Issue Place |
|
Police Station of
Hochiminh City |
|
Resident |
|
No. 5 Nguyen Thi Dieu
Str - Ward 6 - District 3 - Ho Chi
Minh City - Vietnam |
|
Nationality |
|
Vietnamese |
|
|
||
|
6.
NAME |
|
Ms.
NGUYEN THI QUYNH ANH |
|
Position |
|
Member of BOM |
|
Date of Birth |
|
21 May 1965 |
|
ID Number/Passport |
|
023331187 |
|
ID Issue Date |
|
17 Feb 2005 |
|
ID Issue Place |
|
Police Station of
Hochiminh City |
|
Resident |
|
No. 8/B4 Huynh Huu
Bac Str - Ward 14 - Tan Binh District - Ho Chi Minh City - Vietnam |
|
Nationality |
|
Vietnamese |
|
|
||
|
7.
NAME |
|
Ms.
PHAN THI LAN HUONG |
|
Position |
|
Member of BOM - Vice General Director |
|
Date of Birth |
|
01
Jan 1977 |
|
ID Number/Passport |
|
023187672 |
|
ID Issue Date |
|
28 Jun 1994 |
|
ID Issue Place |
|
Police Station of
Hochiminh City |
|
Resident |
|
No. 138/22 Truong
Cong Dinh Str - Ward 14 - Tan Binh District - Ho Chi Minh City - Vietnam |
|
Nationality |
|
Vietnamese |
|
|
||
|
8.
NAME |
|
Ms.
TRAN THI YEN |
|
Position |
|
Head of Supervisory Board |
|
Date of Birth |
|
19 Aug 1953 |
|
ID Number/Passport |
|
011249815 |
|
ID Issue Date |
|
30 Mar 1999 |
|
ID Issue Place |
|
Police Station of Ha
Noi City |
|
Resident |
|
No. 43 Tran Dang Ninh
Street - Dich Vong Ward - Cau Giay District - Ha Noi City - Vietnam |
|
Nationality |
|
Vietnamese |
|
|
||
|
9.
NAME |
|
Ms.
TRAN THI HA THANH |
|
Position |
|
Member of Supervisory Board |
|
Date of Birth |
|
28 Aug 1957 |
|
ID Number/Passport |
|
020215188 |
|
ID Issue Date |
|
05 Feb 2007 |
|
ID Issue Place |
|
Police Station of Hochiminh
City |
|
Resident |
|
No. 46/22 Lu Gia
Residental Area - Ward 15 - District
11 - Ho Chi Minh City - Vietnam |
|
Nationality |
|
Vietnamese |
|
|
||
|
10.
NAME |
|
Mr.
TRAN TRUNG NGON |
|
Position |
|
Member of Supervisory Board |
|
Date of Birth |
|
30 Sep 1966 |
|
ID Number/Passport |
|
024640827 |
|
ID Issue Place |
|
Police Station of
Hochiminh City |
|
Resident |
|
No. 366/72/12 Thoai
Ngoc Hau Str - Phu Thanh Ward - Tan Phu District - Ho Chi Minh City - Vietnam
|
|
Nationality |
|
Vietnamese |
|
|
||
|
11.
NAME |
|
Ms.
LE THI THUY HANG |
|
Position |
|
Chief Accountant |
|
Date of Birth |
|
29 Nov 1965 |
|
ID Number/Passport |
|
021739888 |
|
ID Issue Date |
|
04 Feb 2009 |
|
ID Issue Place |
|
Police Station of Hochiminh
City |
|
Resident |
|
No. 234 Le Quang Sung
Str - District 6 - Ho Chi Minh City - Vietnam |
|
Nationality |
|
Vietnamese |
|
Registration activities: Manufacture of pharmaceuticals, medicinal chemical
and botanical products |
|
IMPORT: |
||
|
·
Types of products |
|
materials |
|
·
Market |
|
France, Italy, Austria, Spain, Thailand and China |
|
|
||
|
EXPORT: |
||
|
·
Market |
|
USA, Indonesia, Myanmar, Moldova, Ukraine, Laos, Nigeria, Congo,
Belarus and Russia. |
|
1.
VIET NAM JOINT STOCK COMMERCIAL BANK FOR INDUSTRY AND TRADE NO.7 BRANCH |
||
|
Address |
|
No.346-348 Bui Huu Nghia Str
- Binh Thanh District - Ho Chi
Minh City - Vietnam |
|
Telephone |
|
(84-8) 38412329 |
|
|
||
|
2.
BANK FOR INVESTMENT & DEVELOPMENT OF VIETNAM- HCM CITY BRANCH |
||
|
Address |
|
No. 134 Nguyen Cong Tru Str - Nguyen Thai Binh Ward - District 1
- Ho Chi Minh City - Vietnam |
|
Telephone |
|
(84-8) 38230125, 8290410 |
|
Fax |
|
(84-8) 38298862/ 8213917 |
|
SWIFT Code |
|
BIDVVNVX310 |
|
|
||
|
3.
JOINT STOCK BANK FOR FOREIGN TRADE OF VIETNAM HO CHI MINH BRANCH |
||
|
Address |
|
No. 29 Ben Chuong Duong Str - Nguyen Thai Binh Ward – 1st
District - Ho Chi Minh City - Vietnam |
|
Telephone |
|
(84-8) 3825 1317 |
|
Fax |
|
(84-8) 3829 7228 |
|
SWIFT Code |
|
BFTVVBVX 007 |
The subject is a listed enterprise. Following is its
registration shareholder information:
|
||
|
1.
NAME |
|
THE
STATE OWENED SHARES |
|
Representative person |
|
Ms. HUYNH THI LAN |
|
Position |
|
Chairwoman and General Director |
|
Date of Birth |
|
10 May 1951 |
|
ID Number/Passport |
|
020215339 |
|
ID Issue Date |
|
13 Jun 2003 |
|
ID Issue Place |
|
Police Station of Hochiminh
City |
|
Resident |
|
No. 28/14 Cach Mang
Thang Tam Str - Ward 14 - Tan Binh District - Ho Chi Minh City - Vietnam |
|
Nationality |
|
Vietnamese |
|
Tel/Mobil phone |
|
+84 903 814 467 |
|
Number of shares |
|
162,000 |
|
Value of shares |
|
VND 16,200,000,000 |
|
|
||
|
2.
NAME |
|
Ms.
HUYNH THI LAN |
|
Position |
|
Chairwoman and General Director |
|
Date of Birth |
|
10 May 1951 |
|
ID Number/Passport |
|
020215339 |
|
Issued on |
|
13 Jun 2003 |
|
Issued Place |
|
Police Station of Hochiminh City |
|
Resident |
|
No. 28/14 Cach Mang Thang Tam Str - Ward
14 - Tan Binh District - Ho Chi Minh City - Vietnam |
|
Mobile phone |
|
+84 903 814 467 |
|
Nationality |
|
Vietnamese |
|
Number of Shares |
|
5,000 |
|
Value of shares |
|
VND 500,000,000 |
|
|
||
|
3.
NAME |
|
Ms.
DANG THI KIM LAN |
|
Position |
|
Member of BOM - Vice General Director |
|
Date of Birth |
|
12 May 1951 |
|
ID Number/Passport |
|
020036770 |
|
Issued on |
|
25 Mar 2003 |
|
Issued Place |
|
Police Station of Hochiminh City |
|
Resident |
|
No. 26/16–18 Su Van Hanh Str - Ward 12
- District 10 - Ho Chi Minh City -
Vietnam |
|
Work phone |
|
84-8-38652477 |
|
Nationality |
|
Vietnamese |
|
Number of Shares |
|
3,500 |
|
Value of shares |
|
VND 350,000,000 |
|
|
||
|
4.
NAME |
|
Mr.
NGUYEN THANH CHINH |
|
ID Number/Passport |
|
020156508 |
|
Issued Place |
|
Police Station of Hochiminh City |
|
Resident |
|
No. 16 A3 Housing Compound 307 - Ward 25 -
Binh Thanh District - Ho Chi Minh City - Vietnam |
|
Nationality |
|
Vietnamese |
|
Number of Shares |
|
3,500 |
|
Value of shares |
|
VND 350,000,000 |
|
|
||
|
5.
NAME |
|
Mr.
TRAN VAN SON |
|
ID Number/Passport |
|
020156392 |
|
Issued Place |
|
Police Station of Hochiminh City |
|
Resident |
|
No. 22 Nguyen Thi Dieu Str - Ward 6 -
District 3 - Ho Chi Minh City - Vietnam |
|
Nationality |
|
Vietnamese |
|
Number of Shares |
|
2,000 |
|
Value of shares |
|
VND 200,000,000 |
|
|
||
|
6.
NAME |
|
Mr.
BUI CHI KINH |
|
ID Number/Passport |
|
022385383 |
|
Issued Place |
|
Police Station of Hochiminh City |
|
Resident |
|
No. 299/23 Ly Thuong Kiet Str - Ward 15
- District 11 - Ho Chi Minh City -
Vietnam |
|
Nationality |
|
Vietnamese |
|
Number of Shares |
|
2,000 |
|
Value of shares |
|
VND 200,000,000 |
|
|
||
|
7.
NAME |
|
Mr.
LE QUANG DAN |
|
ID Number/Passport |
|
020156395 |
|
Issued Place |
|
Police Station of Hochiminh City |
|
Resident |
|
No. 595/17B Cach Mang Thang Tam Str - Ward
15 - District 10 - Ho Chi Minh City -
Vietnam |
|
Work phone |
|
(84-8) 3865 2535 |
|
Nationality |
|
Vietnamese |
|
Number of Shares |
|
2,000 |
|
Value of shares |
|
VND 200,000,000 |
|
|
||
|
8.
NAME |
|
Ms.
NGUYEN KIM THUY |
|
ID Number/Passport |
|
021832112 |
|
Issued Place |
|
Police Station of Hochiminh City |
|
Resident |
|
No.235/12 Bach Dang Str - Ward 15 - Binh
Thanh District - Ho Chi Minh City - Vietnam |
|
Nationality |
|
Vietnamese |
|
Number of Shares |
|
2,000 |
|
Value of shares |
|
VND 200,000,000 |
|
|
||
|
9.
NAME |
|
850
OTHER SHAREHOLDERS |
|
Number of shares |
|
178,000 |
|
Value of shares |
|
VND 17,800,000,000 |
|
BALANCE
SHEET |
|||
Unit: One VND
|
|||
|
Balance s date |
31/03/2012 |
31/12/2011 |
31/12/2010 |
|
Number of weeks |
13 |
52 |
52 |
|
Audit status |
Unaudited |
Audited |
Audited |
|
Auditor |
|
AIS |
AIS |
|
ASSETS |
|||
|
A – CURRENT
ASSETS |
446,693,322,565 |
428,033,687,788 |
373,436,841,623 |
|
I. Cash and cash
equivalents |
16,466,269,253 |
14,201,761,724 |
27,109,654,939 |
|
1. Cash |
16,466,269,253 |
14,201,761,724 |
27,109,654,939 |
|
2. Cash equivalents |
|
|
|
|
II. Short-term
investments |
9,155,601,100 |
9,155,601,100 |
9,155,601,100 |
|
1. Short-term investments |
9,155,601,100 |
9,155,601,100 |
9,155,601,100 |
|
2. Provisions for devaluation of short-term investments |
|
|
|
|
III. Accounts
receivable |
154,907,181,429 |
135,215,160,681 |
115,935,336,437 |
|
1. Receivable from customers |
147,699,373,018 |
129,921,398,509 |
109,432,476,268 |
|
2. Prepayments to suppliers |
6,558,474,976 |
3,843,012,122 |
5,977,520,580 |
|
3. Inter-company receivable |
|
|
|
|
4. Receivable according to the progress of construction |
|
|
|
|
5. Other receivable |
649,333,435 |
1,450,750,050 |
525,339,589 |
|
6. Provisions for bad debts |
|
|
|
|
IV. Inventories |
251,744,535,848 |
257,063,578,523 |
208,145,413,956 |
|
1. Inventories |
251,744,535,848 |
257,063,578,523 |
208,145,413,956 |
|
2. Provisions for devaluation of inventories |
|
|
|
|
V. Other Current
Assets |
14,419,734,935 |
12,397,585,760 |
13,090,835,191 |
|
1. Short-term prepaid expenses |
|
|
224,515,673 |
|
2. VAT to be deducted |
11,475,044,954 |
11,133,713,805 |
11,260,242,024 |
|
3. Taxes and other accounts receivable from the State |
2,483,449,981 |
728,811,371 |
1,053,882,827 |
|
4. Other current assets |
461,240,000 |
535,060,584 |
552,194,667 |
|
B. LONG-TERM
ASSETS |
134,262,543,178 |
133,241,378,218 |
132,482,657,744 |
|
I. Long term
accounts receivable |
|
|
|
|
1. Long term account receivable from customers |
|
|
|
|
2. Working capital in affiliates |
|
|
|
|
3. Long-term inter-company receivable |
|
|
|
|
4. Other long-term receivable |
|
|
|
|
5. Provisions for bad debts from customers |
|
|
|
|
II. Fixed assets
|
109,762,543,178 |
108,741,378,218 |
105,672,657,744 |
|
1. Tangible assets |
78,480,162,753 |
77,414,102,109 |
74,244,097,639 |
|
- Historical costs |
187,888,843,987 |
183,883,368,657 |
168,630,445,230 |
|
- Accumulated depreciation |
-109,408,681,234 |
-106,469,266,548 |
-94,386,347,591 |
|
2. Financial leasehold assets |
|
|
|
|
- Historical costs |
|
|
|
|
- Accumulated depreciation |
|
|
|
|
3. Intangible assets |
29,962,346,816 |
30,175,876,109 |
30,590,060,105 |
|
- Initial costs |
33,536,742,684 |
33,536,742,684 |
32,885,231,684 |
|
- Accumulated amortization |
-3,574,395,868 |
-3,360,866,575 |
-2,295,171,579 |
|
4. Construction-in-progress |
1,320,033,609 |
1,151,400,000 |
838,500,000 |
|
III. Investment
property |
|
|
|
|
Historical costs |
|
|
|
|
Accumulated depreciation |
|
|
|
|
IV. Long-term
investments |
24,182,000,000 |
24,182,000,000 |
26,810,000,000 |
|
1. Investments in affiliates |
|
|
|
|
2. Investments in business concerns and joint ventures |
19,510,000,000 |
19,510,000,000 |
19,510,000,000 |
|
3. Other long-term investments |
10,100,000,000 |
10,100,000,000 |
10,100,000,000 |
|
4. Provisions for devaluation of long-term investments |
-5,428,000,000 |
-5,428,000,000 |
-2,800,000,000 |
|
V. Other
long-term assets |
318,000,000 |
318,000,000 |
|
|
1. Long-term prepaid expenses |
318,000,000 |
318,000,000 |
|
|
2. Deferred income tax assets |
|
|
|
|
3. Other long-term assets |
|
|
|
|
VI. Goodwill |
|
|
|
|
1. Goodwill |
|
|
|
|
TOTAL ASSETS |
580,955,865,743 |
561,275,066,006 |
505,919,499,367 |
|
|
|||
|
LIABILITIES |
|||
|
A- LIABILITIES |
124,858,056,473 |
119,445,499,947 |
98,358,731,745 |
|
I. Current
liabilities |
105,754,981,345 |
100,475,606,675 |
80,806,479,835 |
|
1. Short-term debts and loans |
4,918,879,200 |
|
|
|
2. Payable to suppliers |
50,082,791,457 |
51,049,197,599 |
31,745,789,192 |
|
3. Advances from customers |
5,940,998,647 |
3,197,388,725 |
1,143,438,308 |
|
4. Taxes and other obligations to the State Budget |
15,801,188,449 |
12,752,183,489 |
8,970,981,848 |
|
5. Payable to employees |
5,670,233,794 |
10,596,193,016 |
9,754,551,064 |
|
6. Accrued expenses |
|
|
|
|
7. Inter-company payable |
|
|
|
|
8. Payable according to the progress of construction contracts |
|
|
|
|
9. Other payable |
23,340,889,798 |
22,880,643,846 |
29,191,719,423 |
|
10. Provisions for short-term accounts payable |
|
|
|
|
II. Long-Term
Liabilities |
19,103,075,128 |
18,969,893,272 |
17,552,251,910 |
|
1. Long-term accounts payable to suppliers |
|
|
|
|
2. Un-earned sale |
3,035,372,549 |
2,696,111,123 |
1,327,951,388 |
|
3. Other long-term payable |
|
|
|
|
4. Long-term debts and loans |
|
|
|
|
5. Deferred income tax payable |
|
|
|
|
6. Provisions for unemployment allowances |
67,702,579 |
273,782,149 |
224,300,522 |
|
7. Provisions for long-term accounts payable |
16,000,000,000 |
16,000,000,000 |
16,000,000,000 |
|
B- OWNER’S
EQUITY |
456,097,809,270 |
441,829,566,059 |
407,560,767,622 |
|
I. OWNER’S
EQUITY |
426,495,887,139 |
408,225,817,653 |
371,818,008,840 |
|
1. Capital |
101,159,320,000 |
101,159,320,000 |
92,100,000,000 |
|
2. Share premiums |
108,706,704,458 |
108,706,704,458 |
108,706,704,458 |
|
3. Other sources of capital |
|
|
|
|
4. Treasury stocks |
-9,104,425,158 |
-8,160,533,158 |
-8,160,533,158 |
|
5. Differences on asset revaluation |
|
|
|
|
6. Foreign exchange differences |
|
-159,408,412 |
-120,868,425 |
|
7. Business promotion fund |
196,630,318,232 |
196,630,318,232 |
169,243,289,432 |
|
8. Financial reserved fund |
10,049,416,533 |
10,049,416,533 |
10,049,416,533 |
|
9. Other funds |
|
|
|
|
10. Retained earnings |
19,054,553,074 |
|
|
|
11. Construction investment fund |
|
|
|
|
II. Other
sources and funds |
29,601,922,131 |
33,603,748,406 |
35,742,758,782 |
|
1. Bonus and welfare funds |
29,301,922,131 |
32,386,129,006 |
34,525,139,382 |
|
2. Sources of expenditure |
300,000,000 |
1,217,619,400 |
1,217,619,400 |
|
3. Fund to form fixed assets |
|
|
|
|
MINORITY’S
INTEREST |
|
|
|
|
TOTAL
LIABILITIES AND OWNER’S EQUITY |
580,955,865,743 |
561,275,066,006 |
505,919,499,367 |
|
PROFIT
& LOSS STATEMENT |
|||
|
|
|||
|
Description |
QI/ FY2011 |
FY2011 |
FY2010 |
|
1. Total Sales |
249,059,223,146 |
1,045,360,813,765
|
895,359,194,415 |
|
2. Deduction item |
136,774,093 |
606,116,965 |
618,294,070 |
|
3. Net sale |
248,922,449,053 |
1,044,754,696,800
|
894,740,900,345 |
|
4. Costs of goods sold |
202,099,592,775 |
848,524,854,090 |
709,645,317,890 |
|
5. Gross profit |
46,822,856,278 |
196,229,842,710 |
185,095,582,455 |
|
6. Financial income |
147,278,483 |
7,537,660,346 |
8,567,854,001 |
|
7. Financial expenses |
452,562,670 |
6,164,333,903 |
7,558,774,748 |
|
- In which: Loan interest expenses |
68,660,687 |
403,183,752 |
|
|
8. Selling expenses |
11,402,639,664 |
44,794,724,699 |
36,489,313,760 |
|
9. Administrative overheads |
10,587,052,032 |
55,058,394,293 |
59,790,051,580 |
|
10. Net operating profit |
24,527,880,395 |
97,750,050,161 |
89,825,296,368 |
|
11. Other income |
878,190,371 |
3,389,282,931 |
2,808,881,750 |
|
12. Other expenses |
0 |
215,364,405 |
76,616,062 |
|
13. Other profit /(loss) |
878,190,371 |
3,173,918,526 |
2,732,265,688 |
|
14. Total accounting profit before tax |
25,406,070,766 |
100,923,968,687 |
92,557,562,056 |
|
15. Current corporate income tax |
6,351,517,692 |
23,952,842,062 |
21,543,545,952 |
|
16. Deferred corporate income tax |
|
|
|
|
17. Interest from subsidiaries/related companies |
|
|
|
|
18. Profit after tax |
19,054,553,074 |
76,971,126,625 |
71,014,016,104 |
|
FINANCIAL RATIOS
AND AVERAGE INDUSTRY RATIOS |
|||
|
|
|||
|
Description |
FY2011 |
FY2010 |
Average Industry |
|
Current liquidity ratio |
4.26 |
3.24 |
1.65 |
|
Quick liquidity ratio |
1.70 |
1.43 |
1.04 |
|
Inventory circle |
3.65 |
3.41 |
4.14 |
|
Average receive period |
47.24 |
47.29 |
105.37 |
|
Utilizing asset performance |
1.86 |
1.77 |
1.20 |
|
Liability by total assets |
21.28 |
26.27 |
53.11 |
|
Liability by owner's equity |
27.03 |
35.62 |
159.74 |
|
Ebit / Total assets (ROA) |
18.05 |
18.29 |
10.37 |
|
Ebit / Owner's equity (ROE) |
22.93 |
24.81 |
23.03 |
|
Ebit / Total sale (NPM) |
9.69 |
10.34 |
10.15 |
|
Gross profit / Total sale (GPM) |
18.77 |
20.67 |
25.88 |
|
Note: The Average Industry was calculated by VietnamCredit based on our own statistical data |
|||
|
Trade Morality |
|
Good |
|
Liquidity |
|
High |
|
Payment status |
|
Above Average |
|
Financial Situation |
|
Strong |
|
Development trend |
|
Positive |
|
Litigation data |
|
No Record |
|
Bankruptcy |
|
No Record |
|
Payment Methods |
|
L/C, T/T |
|
Sale Methods |
|
Retailer and Wholesaler |
|
CREDIT INQUIRY: USD 125,000 against
D/A terms |
|
Accepted. |
|
Being
equitized from a state owned enterprise, Mekophar has operated under the
Business Registration No. 0302533156 and focuses on
pharmaceutical manufacturing and trading. Its productivity
is fair: intravenous infusions: 5-7 million bottles per year; antibiotic
inject able powders: 20 million vials per year; tablets and capsules: 2
billion tabs and caps per year; antibiotic bulk drugs: 150 tons per year.
MEKOPHAR products are manufactured in conformity with GMP Asian. The sources
of materials are various in kind which come from both inland and oversea like
Netherlands, Thailand, China, France… The subject is dealing big contracts
with Nigeria, Korea, Russia, Thailand, China, Malaysia … Being
established since 1975 and with good support from the government, the subject
has gained a certain market share in pharmaceutical industry and the position
in the industry of the subject is fairly good. Its premise and producing
capacity are fairly good. The equitization process creates good opportunities
for the subject’s development. Mekophar's shares were debuted on the
Hochiminh Stock Exchange on June 02nd 2010. However, subject
encountered legal obstacles under the law of Vietnam for enterprises which
with has foreign investors can not register additional wholesale and retail
functions, so, the subject was restructured and changed to the enterprise
with 100% capital from domestic shareholders and foreign investors room has been locked from
1st Aug 2011 on HSX for MKP stock code. Recently, the subject has
added wholesale and retail business functions. Basing
on financial data indicates that the subject has quite strong financial
condition. Total assets, sale, profit after tax increase year after year. In
2011, total assets were VND 561,275,066,006 (increased by 10.94% in
comparison with in data 2010). Sale of the subject increased by 16.75% and
profit increased by 8.39%. Current liabilities have a low rate of
total assets so liquidity ratios of the subject were fairly good. Although
ROA has decreased lightly but it was still high compared with the other
enterprises in the same field. Most of business activities of the subject
have been backed by large portion of owner equity and share premiums. Being
compared with other enterprises operating in the same industry, the subject
is one of the fastest growing companies.
The
BBB credit estimate on this subject reflects that this subject has strong
financial health and the bright future prospect, so no caution needed when
doing business with subject except big business transactions. |
|
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 |
|||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.88 |
|
UK Pound |
1 |
Rs.86.84 |
|
Euro |
1 |
Rs.70.21 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.