|
Report Date : |
18.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
AN GIANG PLANT PROTECTION JOINT STOCK COMPANY |
|
|
|
|
|
|
Registered Office : |
No. 23 Ha Hoang Ho Street, My Xuyen Ward, Long Xuyen City, An Giang Province |
|
|
|
|
|
|
Country : |
Vietnam |
|
|
|
|
|
|
Financials (as on) : |
31.03.2012 |
|
|
|
|
|
|
Year of Establishment : |
1993 |
|
|
|
|
|
|
Com. Reg. No.: |
1600192619 |
|
|
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
|
|
Line of Business : |
Manufacture of pesticides and other chemical
for agriculture |
|
|
|
|
|
|
No. of Employees : |
1,879 |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
Payment Behaviour : |
Regular |
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Vietnam |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
VIETNAM - ECONOMIC OVERVIEW
Vietnam is a
densely-populated developing country that in the last 30 years has had to
recover from the ravages of war, the loss of financial support from the old
Soviet Bloc, and the rigidities of a centrally-planned economy. While Vietnam's
economy remains dominated by state-owned enterprises, which still produce about
40% of GDP, Vietnamese authorities have reaffirmed their commitment to economic
liberalization and international integration. They have moved to implement the
structural reforms needed to modernize the economy and to produce more
competitive export-driven industries. Vietnam joined the World Trade
Organization in January 2007 following more than a decade-long negotiation
process. Vietnam became an official negotiating partner in the developing
Trans-Pacific Partnership trade agreement in 2010. Agriculture's share of
economic output has continued to shrink from about 25% in 2000 to about 22% in
2011, while industry's share increased from 36% to 40% in the same period. Deep
poverty has declined significantly, and Vietnam is working to create jobs to
meet the challenge of a labor force that is growing by more than one million
people every year. The global recession has hurt Vietnam's export-oriented
economy, with GDP in 2009-11 growing less than the 7% per annum average
achieved during the last decade. In 2011, exports increased by more than 33%,
year-on-year, and the trade deficit, while reduced from 2010, remained high,
prompting the government to maintain administrative trade measures to limit the
trade deficit. Vietnam's managed currency, the dong, continues to face downward
pressure due to a persistent trade imbalance. Since 2008, the government
devalued it in excess of 20% through a series of small devaluations. Foreign
donors pledged nearly $8 billion in new development assistance for 2011.
However, the government's strong growth-oriented economic policies have caused
it to struggle to control one of the region's highest inflation rates, which
reached as high as 23% in August 2011 and averaged 18% for the year. In
February 2011, Vietnam shifted its focus away from economic growth to
stabilizing its economy and tightened fiscal and monetary policies. In early 2012
Vietnam unveiled a broad "three pillar" economic reform program,
proposing the restructuring of public investment, state-owned enterprises and
the banking sector. Vietnam's economy continues to face challenges from low
foreign exchange reserves, an undercapitalized banking sector, and high
borrowing costs. The near-bankruptcy and subsequent default of the
state-owned-enterprise Vinashin, a leading shipbuilder, led to a ratings
downgrade of Vietnam's sovereign debt, exacerbating Vietnam's borrowing difficulties.
Source
: CIA
SUBJECT IDENTIFICATION & LEGAL FORM
|
||
|
|
||
Current legal status
|
||
|
English Name |
|
AN GIANG PLANT PROTECTION JOINT STOCK
COMPANY |
|
Vietnamese Name |
|
CONG TY CO PHAN BAO VE THUC VAT AN GIANG |
|
Short name |
|
AG-PPS |
|
Type of Business |
|
Joint stock company |
|
Year Established |
|
1993 |
|
Business Registration No. |
|
1600192619 |
|
Date of Registration |
|
22 May 2009 |
|
Place of Registration |
|
Planning and Investment Department of An Giang
Province |
|
Chartered capital |
|
VND 621,000,000,000 |
|
Status |
|
Unlisted |
|
Tax code |
|
1600192619 |
|
Total Employees |
|
1,879 |
|
Size |
|
Large |
|
|
||
Historical Identification & Legal form
|
List |
Changed Items |
Date of changes |
|
1 |
Subject has got former Chartered capital:
VND 270,000,000,000 Changed to: VND 621, 000,000,000 |
25
Oct 2010 |
|
2 |
Subject has got former Chartered capital:
VND 180,000,000,000 Changed to: VND 270,000,000,000 |
01
Dec 2009 |
|
3 |
Subject has got former Business
Registration No: 5203000027 Changed to: 1600192619 |
22
May 2009 |
|
4 |
Subject has got former Chartered capital:
VND 150,000,000,000 Changed to: VND 180,000,000,000 |
01
Jan 2007 |
|
5 |
Subject has got former Registered English
Name: AN GIANG PLANT PROTECTION SERVICE COMPANY Changed to: AN GIANG PLANT PROTECTION
JOINT STOCK COMPANY |
27
Sep 2004 |
|
6 |
Subject has got former Registered Vietnamese
Name: CONG TY DICH VU BAO VE THUC VAT AN GIANG Changed to: CONG TY CO PHAN BAO VE THUC
VAT AN GIANG |
27
Sep 2004 |
|
7 |
Subject has got former Type of Business:
State Owned Enterprise Changed to: Joint Stock Company |
27
Sep 2004 |
|
8 |
Subject has got former Business
Registration No: 100005 Changed to: 5203000027 |
27
Sep 2004 |
|
|
||
ADDRESSES
|
||
|
|
||
|
Head Office |
||
|
Address |
|
No. 23 Ha Hoang Ho Street, My Xuyen Ward,
Long Xuyen City, An Giang Province, Vietnam |
|
Telephone |
|
(84-76) 3841299/ 3843445/ 3944069 |
|
Fax |
|
(84-76) 3841327/ 3841498 |
|
Email |
|
|
|
Website |
|
|
|
|
||
|
Representative
office in Ho Chi Minh |
||
|
Address |
|
No. 172 Bis - 174 Tran Hung Dao Street
Nguyen Cu Trinh Ward, 1 District, Ho Chi Minh City, Vietnam |
|
Telephone |
|
(84-8) 39200783 /38379443 |
|
Fax |
|
(84-8) 38377566 |
|
Email |
|
|
|
|
||
|
Branch in Soc
Trang |
||
|
Address |
|
No. 333 National Road 1A - Hamlet 1 - Phu Loc
Town, Thanh Tri District, Soc Trang Province, Vietnam |
|
|
||
|
Branch in Dong
Thap |
||
|
Address |
|
No. 4, Lot A 500 house area, My Phu Ward,
Cao Lanh City, Dong Thap Province, Vietnam |
|
|
||
|
Branch in Can
Tho |
||
|
Address |
|
No. 17A, Area 1 Ba Lang Ward, Cai Rang
District, Can Tho City, Vietnam |
|
Telephone |
|
(84-710) 3911120 |
|
Fax |
|
(84-710) 3911130 |
|
|
||
|
Branch in Ha Noi
|
||
|
Address |
|
Villa BT1, Lot BT6 Phap Van-Tu Hiep Urban Zone,
Hoang Liet Ward, Hoang Mai District, Ha Noi City, Vietnam |
|
Telephone |
|
(84-4) 36815126/ 36815127 |
|
Fax |
|
(84-4) 36815128 |
|
|
||
|
Branch in Dak
Lak |
||
|
Address |
|
No. 233 Dinh Tien Hoang Str., Tan Thanh Ward,
Buon Ma Thuot City, Dak Lak Province, Vietnam |
|
|
||
|
Branch in Phu
Yen |
||
|
Address |
|
H81-82 Binh Kien Commune, Tuy Hoa City,
Phu Yen Province, Vietnam |
|
Telephone |
|
(84-57) 3810 066 |
|
Fax |
|
(84-57) 3810 065 |
|
|
||
|
Branch in Binh
Dinh |
||
|
Address |
|
No. 46 Le Hong Phong Str., Le Loi Ward,
Qui Nhon City, Binh Dinh Province, Vietnam |
|
Telephone |
|
(84-56) 3828 999 |
|
Fax |
|
(84-56) 3828 998 |
|
|
||
|
Branch in Da
Nang |
||
|
Address |
|
No. 568 Road 2/9, Thach Thang Ward, Hai
Chau District, Da Nang City, Vietnam |
|
|
||
|
Branch in Thai
Binh |
||
|
Address |
|
L.25-2, Quarter 1, Tran Hung Dao Urban
Zone Tran Hung Dao Ward, Thai Binh City, Thai Binh Province, Vietnam |
|
|
||
|
Branch in Son La
|
||
|
Address |
|
Small Section 21 Hat Lot Town, Mai Son
District, Son La Province, Vietnam |
|
Telephone |
|
(84-22) 3745 328 |
|
Fax |
|
(84-22) 3745 329 |
|
|
||
|
Branch in Hau
Giang |
||
|
Address |
|
No. 132, Hamlet 5 Long My Town, Long My
District, Hau Giang Province, Vietnam |
|
Telephone |
|
(84-711) 3510 577 |
|
Fax |
|
(84-711) 3510 578 |
|
|
||
|
Branch in Vinh
Long |
||
|
Address |
|
An Dien 1 Hamlet Trung Hieu commune, Vung Liem
District, Vinh Long Province, Vietnam |
|
Telephone |
|
(84-70) 3976 038 |
|
Fax |
|
(84-70) 3976 039 |
|
|
||
|
Branch in Nghe
An |
||
|
Address |
|
No. 21 Ngo Duc Ke Str., Hong Son Ward,
Vinh City, Nghe An Province, Vietnam |
|
Note: Besides, the subject has also some
factories and many branches in An Giang province and other provinces in
Vietnam. |
||
|
|
||
|
Branch in
Phnompenh |
||
|
Address |
|
No. 825D, Preah Monivong Road, Sangkat Phsar
Daem Thkauv Ward, Cham Ka Mon District, Phnompenh , Cambodia |
|
Telephone |
|
(+855) 236315666 |
|
Fax |
|
(+855) 23992750 |
|
|
||
SUBSIDIARIES AND RELATED COMPANIES
|
||
|
|
||
|
1. THOAI SON FOOD
ONE MEMBER COMPANY LIMITED |
||
|
Business Registration |
|
1601623071 |
|
Date of Registration |
|
23 Dec 2011 |
|
Place of Registration |
|
Planning and Investment Department of An Giang Province |
|
Tax code |
|
1601623071 |
|
Address |
|
Son Lap Hamlet Vong Dong Commune, Thoai Son District, An Giang
Province, Vietnam |
|
Tel |
|
(84-76) 3731353 /354 |
|
|
||
|
2. VINH BINH
FOOD ONE MEMBER COMPANY LIMITED |
||
|
Business Registration |
|
1601633432 |
|
Date of Registration |
|
31 Dec 2011 |
|
Place of Registration |
|
Planning and Investment Department of An Giang Province |
|
Tax code |
|
1601633432 |
|
Address |
|
Vinh Loc Hamlet Vinh Binh Commune, Chau Thanh District, An Giang
Province, Vietnam |
|
Tel |
|
(84-76) 3839250 |
|
Fax |
|
(84-76) 3839249 |
|
|
||
|
3. TAN HONG FOOD
LIMITED COMPANY |
||
|
Business Registration |
|
1401605043 |
|
Date of Registration |
|
22 Dec 2011 |
|
Place of Registration |
|
Planning and Investment Department of Dong Thap Province |
|
Tax code |
|
1401605043 |
|
Address |
|
Roc Muong Hamlet Tan Cong Chi Commune, Tan Hong District, Dong Thap
Province, Vietnam |
|
Tel |
|
(84-67) 3527040 |
|
|
||
|
4. VINH HUNG
FOOD LIMITED COMPANY |
||
|
Business Registration |
|
1101452364 |
|
Date of Registration |
|
13 Dec 2011 |
|
Place of Registration |
|
Long An Planning and Investment Department |
|
Tax code |
|
1101452364 |
|
Address |
|
Ca Rung Hamlet Tuyen Binh Tay Commune, Vinh Hung District, Long An
Province, Vietnam |
|
|
||
DIRECTORS
|
||
|
|
||
|
1.
NAME |
|
Mr.
HUYNH VAN THON |
|
Position |
|
Chairman cum General Director |
|
Date of Birth |
|
09 Sep 1958 |
|
ID Number/Passport |
|
350875986 |
|
ID Issue Date |
|
21 Jul 2000 |
|
ID Issue Place |
|
An Giang Police Station
|
|
Resident |
|
No. 893 Ha Hoang Ho
Str - My Xuyen Ward, Long Xuyen City, An Giang Province, Vietnam |
|
Current resident |
|
No.14 Cong Quynh Str - Nguyen Cu Trinh
Ward, 1 District, Ho Chi Minh City, Vietnam |
|
Nationality |
|
Vietnamese |
|
Tel/Mobile phone |
|
(84-8) 39200842 |
|
Qualification |
|
Bachelor of Science and Management, about
20 years of experiences |
|
|
||
|
2.
NAME |
|
Mr.
NGUYEN DINH LE |
|
Position |
|
Deputy General Director |
|
Date of Birth |
|
1955 |
|
ID Number/Passport |
|
350585715 |
|
ID Issue Date |
|
25 Jul 1997 |
|
Resident |
|
No.33 Cu Xa Le Hong
Phong - My Binh Ward, Long Xuyen City, An Giang Province, Vietnam |
|
Nationality |
|
Vietnamese |
|
Qualification |
|
Management, Bachelor of Science from Can
Tho University |
|
|
||
|
3.
NAME |
|
Mr.
HO THANH SON |
|
Position |
|
Deputy General Director |
|
Date of Birth |
|
1955 |
|
ID Number/Passport |
|
350007373 |
|
ID Issue Date |
|
12 Jan 1998 |
|
Resident |
|
No. 6A2, Binh Thoi
Cluster Binh Khanh Ward, Long Xuyen City, An Giang Province, Vietnam |
|
Nationality |
|
Vietnamese |
|
Qualification |
|
Management |
|
|
||
|
4. NAME |
|
Mr. NGUYEN DUY LONG |
|
Position
|
|
Former
Deputy General Director |
|
Date
of Birth |
|
1970
|
|
ID
Number/Passport |
|
022850349 |
|
ID
Issue Date |
|
16 Mar 2001 |
|
Resident |
|
No. 209 Le Van Sy str - ward 14, Phu Nhuan
District, Ho Chi Minh City, Vietnam |
|
Nationality |
|
Vietnamese
|
|
|
||
|
5.
NAME |
|
Mr.
NGUYEN MY |
|
Position |
|
Deputy General Director |
|
ID Number/Passport |
|
350040236 |
|
ID Issue Date |
|
12 Sep 2003 |
|
Resident |
|
No. 18/8 Nguyen Du
Str - My Binh Ward, Long Xuyen City, An Giang Province, Vietnam |
|
Nationality |
|
Vietnamese |
|
|
||
|
6.
NAME |
|
Mr.
LE PHUOC DUC |
|
Position |
|
Deputy General Director |
|
ID Number/Passport |
|
351859309 |
|
ID Issue Date |
|
27 Feb 2004 |
|
Resident |
|
No. 7/3 Le Hong Phong
Str, Long Xuyen City, An Giang Province, Vietnam |
|
Nationality |
|
Vietnamese |
|
Qualification |
|
Bachelor of Science from Can Tho
University |
|
|
||
|
7.
NAME |
|
Mr.
NGUYEN VAN TRAO |
|
Position |
|
Chief Accountant |
|
Nationality |
|
Vietnamese |
|
|
||
BUSINESS NATURE AND ACTIVITIES
|
|
|
|
The subject is specializing in: |
|
|
IMPORT & EXPORT ACTIVITIES
|
||
|
|
||
|
IMPORT: |
||
|
·
Types of products |
|
Materials |
|
·
Market |
|
Swiss (Syngenta), USA, China, Japan, India, Thailand, Germany and
Israel. |
|
·
Mode of payment |
|
L/C, T/T, DA |
|
|
||
|
EXPORT: |
||
|
·
Market |
|
Cambodia |
|
·
Mode of payment |
|
LC, TT, DA |
|
|
||
BANKERS
|
||
|
|
||
|
1.
ANZ BANK |
||
|
Address |
|
No. 11 Me Linh Square, Ben Nghe Ward,, 1 District, Ho Chi Minh City,
Vietnam |
|
Telephone |
|
(84-8) 38299319 |
|
Fax |
|
(84-8) 38299316 |
|
|
||
|
2.
JOINT STOCK COMMERCIAL BANK FOR FOREIGN TRADE OF VIETNAM AN GIANG BRANCH |
||
|
Address |
|
No.1 Hung Vuong, Long Xuyen City, An Giang Province, Vietnam |
|
Telephone |
|
(84-76) 3843589 / 3843590 |
|
Fax |
|
(84-76) 3841591 |
|
SWIFT Code |
|
BFTV VNVX |
|
|
||
|
3.
BANK FOR INVESTMENT AND DEVELOPMENT OF VIETNAM AN GIANG BRANCH |
||
|
Address |
|
No.49-51-53 Nguyen Hue B Street, Long Xuyen City, An Giang Province,
Vietnam |
|
Telephone |
|
(84-76) 3840018 |
|
|
||
|
4.
VIET NAM JOINT STOCK COMMERCIAL BANK FOR INDUSTRY AND TRADE AN GIANG BRANCH |
||
|
Address |
|
No. 270 Ly Thai To Str, Long Xuyen City, An Giang Province, Vietnam |
|
Telephone |
|
(84-76) 384 4210 |
|
Fax |
|
(84-76) 384 3238 |
|
|
||
|
5.
HSBC BANK (VIET NAM) LTD |
||
|
Address |
|
Metropolitan Building, No. 235 Dong Khoi Road, Ben Nghe Ward, 1
District, Ho Chi Minh City, Vietnam |
|
Telephone |
|
(84-8) 38292288 |
|
Fax |
|
(84-8) 38230530 |
|
|
||
|
6.
AGRICULTURAL & RURAL DEVELOPMENT BANK OF VIETNAM AN GIANG BRANCH |
||
|
Address |
|
No.51B Ton Duc Thang Str - My Binh Ward, Long Xuyen City, An Giang
Province, Vietnam |
|
Telephone |
|
84-76 3856560 |
|
Fax |
|
84-76 3856748 |
|
|
||
|
7.
MEKONG DEVELOPMENT JOINT STOCK COMMERCIAL BANK |
||
|
Address |
|
248 Tran Hung Dao My Xuyen Ward, Long Xuyen City, An Giang Province,
Vietnam |
|
Telephone |
|
(84-76) 3841706/843709 |
|
Fax |
|
(84-76) 3841006 |
|
VND Account |
|
3000 VND |
|
|
||
SHAREHOLDERS
|
||
Following is
founding shareholder list as in the subject’s latest business registration
|
||
|
1.
NAME |
|
STATE
CAPITAL INVESTMENT CORPORATION |
|
Business Registration |
|
0101992921 |
|
Date of Registration |
|
09 Jul 2010 |
|
Place of Registration |
|
Ha Noi Planning and Investment Department |
|
Representative |
|
HUYNH VAN THON |
|
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 |
|
16,221,600 |
|
Value of shares |
|
VND 162,216,000,000 |
|
Percentage |
|
26.12% |
|
|
||
|
2.
NAME |
|
Mr.
HUYNH VAN THON |
|
Position |
|
Chairman cum General Director |
|
Date of Birth |
|
09 Sep 1958 |
|
ID Number/Passport |
|
350875986 |
|
Issued on |
|
21 Jul 2000 |
|
Issued Place |
|
An Giang Police Station |
|
Resident |
|
No. 893 Ha Hoang Ho Str - My Xuyen Ward,
Long Xuyen City, An Giang Province, Vietnam |
|
Current Resident |
|
No.14 Cong Quynh Str - Nguyen Cu Trinh
Ward, 1 District, Ho Chi Minh City, Vietnam |
|
Home phone |
|
(84-8) 39200842 |
|
Nationality |
|
Vietnamese |
|
Number of Shares |
|
857,100 |
|
Value of shares |
|
VND 8,571,000,000 |
|
Percentage |
|
1.38% |
|
|
||
|
3.
NAME |
|
Mr.
HO THANH SON |
|
Position |
|
Deputy General Director |
|
Date of Birth |
|
1955 |
|
ID Number/Passport |
|
350007373 |
|
Issued on |
|
12 Jan 1998 |
|
Resident |
|
No. 6A2, Binh Thoi Cluster Binh Khanh
Ward, Long Xuyen City, An Giang Province, Vietnam |
|
Nationality |
|
Vietnamese |
|
Number of Shares |
|
172,100 |
|
Value of shares |
|
VND 1,721,000,000 |
|
Percentage |
|
0.28% |
|
|
||
|
4.
NAME |
|
Mr.
HUYNH QUOC HUNG |
|
ID Number/Passport |
|
350007399 |
|
Issued on |
|
23 Sep 1999 |
|
Resident |
|
No. 22/12C Tran Hung Dao Str., My Phuoc
Ward, Long Xuyen City, An Giang Province, Vietnam |
|
Nationality |
|
Vietnamese |
|
Number of Shares |
|
317,680 |
|
Value of shares |
|
VND 3,176,800,000 |
|
Percentage |
|
0.51% |
|
|
||
|
5.
NAME |
|
Mr.
TRAN VAN THEN |
|
ID Number/Passport |
|
350007740 |
|
Issued on |
|
20 Nov 2003 |
|
Resident |
|
No.1/12 Nguyen Xi Str - My Binh Ward, Long
Xuyen City, An Giang Province, Vietnam |
|
Nationality |
|
Vietnamese |
|
Number of Shares |
|
318,400 |
|
Value of shares |
|
VND 3,184,000,000 |
|
Percentage |
|
0.51% |
|
|
||
|
6.
NAME |
|
Mr.
NGUYEN MY |
|
Position |
|
Deputy General Director |
|
ID Number/Passport |
|
350040236 |
|
Issued on |
|
12 Sep 2003 |
|
Resident |
|
No. 18/8 Nguyen Du Str - My Binh Ward,
Long Xuyen City, An Giang Province, Vietnam |
|
Nationality |
|
Vietnamese |
|
Number of Shares |
|
208,000 |
|
Value of shares |
|
VND 2,080,000,000 |
|
Percentage |
|
0.33% |
|
|
||
|
7.
NAME |
|
Mr.
TIEU MINH TAM |
|
ID Number/Passport |
|
350743963 |
|
Issued on |
|
08 Oct 1999 |
|
Resident |
|
No. 1A Nguyen Thai Hoc str - My Binh ward,
Long Xuyen City, An Giang Province, Vietnam |
|
Nationality |
|
Vietnamese |
|
Number of Shares |
|
217,360 |
|
Value of shares |
|
VND 2,173,600,000 |
|
Percentage |
|
0.35% |
|
|
||
|
8.
NAME |
|
Mr.
NGUYEN DINH LE |
|
Position |
|
Deputy General Director |
|
Date of Birth |
|
1955 |
|
ID Number/Passport |
|
350585715 |
|
Issued on |
|
25 Jul 1997 |
|
Resident |
|
No.33 Cu Xa Le Hong Phong - My Binh Ward, Long
Xuyen City, An Giang Province, Vietnam |
|
Nationality |
|
Vietnamese |
|
Number of Shares |
|
516,420 |
|
Value of shares |
|
VND 5,164,200,000 |
|
Percentage |
|
0.83% |
|
|
||
|
9.
NAME |
|
Mr.
LE PHUOC DUC |
|
Position |
|
Deputy General Director |
|
ID Number/Passport |
|
351859309 |
|
Issued on |
|
27 Feb 2004 |
|
Resident |
|
No. 7/3 Le Hong Phong Str, Long Xuyen
City, An Giang Province, Vietnam |
|
Nationality |
|
Vietnamese |
|
Number of Shares |
|
326,040 |
|
Value of shares |
|
VND 3,260,400,000 |
|
Percentage |
|
0.53% |
|
|
||
FINANCIAL DATA
|
|||
|
|
|||
|
BALANCE
SHEET |
|||
Unit: One
VND
|
|||
|
Balance sheet
date |
31/03/2012 |
31/12/2011 |
31/12/2010 |
|
Number of weeks |
13 |
52 |
52 |
ASSETS
|
|||
|
A – CURRENT
ASSETS |
2,679,281,963,852
|
2,199,540,261,516
|
1,496,612,265,061
|
|
I. Cash and cash
equivalents |
75,986,360,470 |
572,138,713,111 |
253,229,329,031 |
|
1. Cash |
57,786,360,470 |
|
|
|
2. Cash equivalents |
18,200,000,000 |
|
|
|
II. Short-term
investments |
|
|
|
|
1. Short-term investments |
|
|
|
|
2. Provisions for devaluation of short-term investments |
|
|
|
|
III. Accounts
receivable |
1,733,477,428,853
|
1,105,004,386,458
|
1,016,785,570,992
|
|
1. Receivable from customers |
1,457,309,984,056 |
|
|
|
2. Prepayments to suppliers |
184,672,038,269 |
|
|
|
3. Inter-company receivable |
12,212,390,987 |
|
|
|
4. Receivable according to the progress of construction |
|
|
|
|
5. Other receivable |
88,132,569,913 |
|
|
|
6. Provisions for bad debts |
-8,849,554,372 |
|
|
|
IV. Inventories |
841,887,480,837 |
505,352,132,532 |
212,206,851,767 |
|
1. Inventories |
844,583,911,327 |
|
|
|
2. Provisions for devaluation of inventories |
-2,696,430,490 |
|
|
|
V. Other Current
Assets |
27,930,693,692 |
17,044,579,415 |
14,390,513,271 |
|
1. Short-term prepaid expenses |
3,035,878,448 |
|
|
|
2. VAT to be deducted |
4,147,367,924 |
|
|
|
3. Taxes and other accounts receivable from the State |
|
|
|
|
4. Other current assets |
20,747,447,320 |
|
|
|
B. LONG-TERM
ASSETS |
578,259,588,857 |
507,244,380,206 |
357,733,134,280 |
|
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
|
524,083,960,205 |
466,619,956,563 |
270,979,831,906 |
|
1. Tangible assets |
159,728,538,405 |
154,014,713,869 |
109,492,321,317 |
|
- Historical costs |
234,494,607,931 |
|
|
|
- Accumulated depreciation |
-74,766,069,526 |
|
|
|
2. Financial leasehold assets |
|
|
41,666,261,846 |
|
- Historical costs |
|
|
|
|
- Accumulated depreciation |
|
|
|
|
3. Intangible assets |
131,689,041,704 |
131,759,408,504 |
110,098,162,942 |
|
- Initial costs |
131,876,686,504 |
|
|
|
- Accumulated amortization |
-187,644,800 |
|
|
|
4. Construction-in-progress |
232,666,380,096 |
180,845,834,190 |
9,723,085,801 |
|
III. Investment
property |
|
|
|
|
Historical costs |
|
|
|
|
Accumulated depreciation |
|
|
|
|
IV. Long-term
investments |
41,472,600,000 |
26,893,000,000 |
41,893,000,000 |
|
1. Investments in affiliates |
14,579,600,000 |
|
|
|
2. Investments in business concerns and joint ventures |
|
|
|
|
3. Other long-term investments |
61,643,000,000 |
|
|
|
4. Provisions for devaluation of long-term investments |
-34,750,000,000 |
|
|
|
V. Other
long-term assets |
12,703,028,652 |
13,731,423,643 |
44,860,302,374 |
|
1. Long-term prepaid expenses |
12,703,028,652 |
|
|
|
2. Deferred income tax assets |
|
|
|
|
3. Other long-term assets |
|
|
|
|
VI. Goodwill |
|
|
|
|
1. Goodwill |
|
|
|
|
TOTAL ASSETS |
3,257,541,552,709
|
2,706,784,641,722
|
1,854,345,399,341
|
|
|
|||
LIABILITIES
|
|||
|
A- LIABILITIES |
1,878,751,795,771
|
1,481,745,861,678
|
796,793,029,939 |
|
I. Current
liabilities |
1,876,161,795,771
|
1,479,255,861,678
|
794,203,029,939 |
|
1. Short-term debts and loans |
258,095,717,055 |
|
|
|
2. Payable to suppliers |
1,013,765,662,845 |
|
|
|
3. Advances from customers |
14,142,537,095 |
|
|
|
4. Taxes and other obligations to the State Budget |
174,998,235,012 |
|
|
|
5. Payable to employees |
78,931,454,249 |
|
|
|
6. Accrued expenses |
321,918,769,745 |
|
|
|
7. Inter-company payable |
|
|
|
|
8. Payable according to the progress of construction contracts |
|
|
|
|
9. Other payable |
14,309,419,770 |
|
|
|
10. Provisions for short-term accounts payable |
|
|
|
|
II. Long-Term
Liabilities |
2,590,000,000 |
2,490,000,000 |
2,590,000,000 |
|
1. Long-term accounts payable to suppliers |
|
|
|
|
2. Long-term inter-company payable |
|
|
|
|
3. Other long-term payable |
2,590,000,000 |
|
|
|
4. Long-term debts and loans |
|
|
|
|
5. Deferred income tax payable |
|
|
|
|
6. Provisions for unemployment allowances |
|
|
|
|
7. Provisions for long-term accounts payable |
|
|
|
|
B- OWNER’S
EQUITY |
1,378,789,756,938
|
1,225,038,780,044
|
1,057,552,369,402
|
|
I. OWNER’S EQUITY
|
1,326,694,152,999
|
1,225,038,780,044
|
1,057,552,369,402
|
|
1. Capital |
621,000,000,000 |
621,000,000,000 |
621,000,000,000 |
|
2. Share premiums |
176,850,000,000 |
176,850,000,000 |
176,850,000,000 |
|
3. Other sources of capital |
|
|
|
|
4. Treasury stocks |
|
|
|
|
5. Differences on asset revaluation |
|
|
|
|
6. Foreign exchange differences |
|
-21,996,011 |
|
|
7. Business promotion fund |
2,864,823,442 |
2,864,823,442 |
1,109,206,349 |
|
8. Financial reserved fund |
124,200,000,000 |
124,200,000,000 |
118,043,458,355 |
|
9. Other funds |
19,226,573,590 |
17,056,031,116 |
19,943,261,919 |
|
10. Retained earnings |
382,552,755,967 |
283,089,921,497 |
120,606,442,779 |
|
11. Construction investment fund |
|
|
|
|
II. Other
sources and funds |
52,095,603,939 |
|
|
|
1. Bonus and welfare funds (Elder form) |
52,095,603,939 |
|
|
|
2. Sources of expenditure |
|
|
|
|
3. Fund to form fixed assets |
|
|
|
|
MINORITY’S
INTEREST |
|
|
|
|
TOTAL LIABILITIES
AND OWNER’S EQUITY |
3,257,541,552,709
|
2,706,784,641,722
|
1,854,345,399,341
|
|
|
|||
|
PROFIT
& LOSS STATEMENT |
|||
|
|
|||
|
Description |
01/01/2012 - 31/03/2012 |
FY2011 |
FY2010 |
|
1. Total Sales |
1,746,183,032,531
|
4,891,584,005,019
|
4,075,594,606,296
|
|
2. Deduction item |
7,928,423,794 |
22,220,278,294 |
13,399,464,141 |
|
3. Net revenue |
1,738,254,608,737
|
4,869,363,726,725
|
4,062,195,142,155
|
|
4. Costs of goods sold |
1,252,196,512,403 |
3,508,141,539,608 |
2,950,564,337,743 |
|
5. Gross profit |
486,058,096,334 |
1,361,222,187,117
|
1,111,630,804,412
|
|
6. Financial income |
10,744,322,637 |
65,605,467,332 |
56,521,857,055 |
|
7. Financial expenses |
7,347,378,043 |
68,629,157,404 |
158,195,971,672 |
|
- In which: Loan interest expenses |
1,062,282,044 |
6,339,454,573 |
5,900,869,129 |
|
8. Selling expenses |
269,853,430,694 |
433,919,873,228 |
433,822,527,976 |
|
9. Administrative overheads |
77,307,714,218 |
350,464,894,575 |
217,666,716,904 |
|
10. Net operating profit |
142,293,896,016 |
573,813,729,242 |
358,467,444,915 |
|
11. Other income |
2,051,846,590 |
21,793,421,034 |
14,591,062,890 |
|
12. Other expenses |
16,825,151,586 |
26,515,268,230 |
14,269,235,846 |
|
13. Other profit /(loss) |
-14,773,304,996 |
-4,721,847,196 |
321,827,044 |
|
14. Total accounting profit before tax |
127,520,591,020 |
569,091,882,046 |
358,789,271,959 |
|
15. Current corporate income tax |
16,029,338,291 |
108,413,861,146 |
61,570,075,258 |
|
16. Deferred corporate income tax |
|
33,254,059,097 |
-11,476,289,591 |
|
17. Interest from subsidiaries/related companies |
|
|
|
|
18. Profit after tax |
111,491,252,729 |
427,423,961,803 |
308,695,486,292 |
|
|
||||
|
FINANCIAL RATIOS
AND AVERAGE INDUSTRY RATIOS |
||||
|
|
||||
|
Description |
01/01/2012 -
31/03/2012 |
FY2011 |
FY2010 |
Average Industry |
|
Current liquidity ratio |
1.43 |
1.49 |
1.88 |
1.42 |
|
Quick liquidity ratio |
0.98 |
1.15 |
1.62 |
0.78 |
|
Inventory circle |
1.49 |
6.94 |
13.90 |
5.13 |
|
Average receive period |
364.00 |
82.83 |
91.36 |
72.48 |
|
Utilizing asset performance |
0.53 |
1.80 |
2.19 |
1.61 |
|
Liability by total assets |
57.67 |
54.74 |
42.97 |
65.76 |
|
Liability by owner's equity |
136.26 |
120.96 |
75.34 |
269.57 |
|
Ebit / Total assets (ROA) |
3.95 |
21.26 |
19.67 |
11.97 |
|
Ebit / Owner's equity (ROE) |
9.33 |
46.97 |
34.48 |
36.02 |
|
Ebit / Total revenue (NPM) |
7.36 |
11.76 |
8.95 |
7.56 |
|
Gross profit / Total revenue (GPM) |
27.84 |
27.83 |
27.28 |
14.67 |
|
Note: The Average Industry was calculated by VietnamCredit based on our own
statistical data |
||||
|
|
||||
PAYMENT HISTORY &
PERFORMANCE EXPERIENCES
|
||
|
|
||
|
Trade Morality |
|
Fair |
|
Liquidity |
|
Medium/High |
|
Payment status |
|
Above Average |
|
Financial Situation |
|
Strong |
|
Development trend |
|
Positive |
|
Litigation data |
|
No Record |
|
Bankruptcy |
|
No Record |
|
Payment Methods |
|
L/C, TT, DA |
|
Sale Methods |
|
Wholesaler |
|
Public opinion |
|
Well-known |
|
|
INTERPRETATION ON THE SCORES
|
|
|
|
The
subject was established in 1993 with the name AN GIANG PLANT PROTECTION SERVICE
COMPANY. In September 2004, the subject equitilized and changed its name into
AN GIANG PLANT PROTECTION JOINT STOCK COMPANY according to the business
registration No. 5203000027. On May 22, 2009 the subject changed this number
into business code No. 1600192619. The subject's chartered capital has been
changed for several times. Now, its chartered capital is VND 621 billion. Head
office of the subject is locating at No. 23, Ha Hoang Ho Str., My Xuyen Ward,
Long Xuyen Dist., An Giang Province. Besides, it also has four member
companies, one representative office in Hochiminh City, one branch in
Cambodia and many branches, factories and offices in other provinces and
cities in Vietnam. The
subject operates in a lot of fields including manufacturing of pesticides and
other chemical for agriculture; grain mill products; researching and
producing seed; wholesale of food, beverages. In 2000, the subject has been
granted certificate ISO 9001:2000. Through nearly 20 years of operation, the
subject achieved some awards like “Labor Hero" in 2000, "Vietnam
High Quality Products" in 7 continuous years (from 2006 to 2012),
"Green Enterprise" in 2007, "Golden Rice" by Ministry of
Agricultural and Rural Development... Following
the financial data in recent years of the subject, we see that, total asset
and revenue were very high and increased fairly regularly year by year. ROA,
ROE and profit ratios were better by far than the average industry. These
show that the subject's business activities are effective and stable. The
subject's debt rate in 2009, 2010, 2011 was in turn 56.48%, 42.97% and
54.74%. They always were lower compared with the average industry. This
proves that, the safety in the subject's capital structure unfailingly was
maintained, its self-financing and solvency were good. The
subject's annual liquidity ratios were fairly high, reflecting the good
liquidity. Besides, its operation ratios indicated that, the subject's
property management capacity was suitable. In general, the subject is a large company and has got stable position
in industry. The financial status of the subject is fairly strong. No caution
needed for normal and medium business transaction with the subject. |
------------ APPENDIX ----------
INDUSTRY DATA
|
||||||
|
|
||||||
|
Industry code |
Growth speed by
price compared with 1994 (%) |
Total
enterprises 2010 |
Total employees
2011 (Thous.pers.) |
Annual average
capital of enterprises 2010 (billion dongs) |
||
|
2011 |
2010 |
|||||
|
Agriculture,
Forestry and Fishing |
4.00 |
2.78 |
8,887 |
24,362.9 |
95,227 |
|
|
Industry and
Construction |
5.53 |
7.70 |
95,217 |
10,718.9 |
3,641,376 |
|
|
Trade and
Services |
6.69 |
7.52 |
187,195 |
15,270.2 |
6,957,082 |
|
|
|
||||||
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.52.75 |
|
|
1 |
Rs.85.07 |
|
Euro |
1 |
Rs.69.04 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.