|
Report Date : |
15.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
HOA BINH CONSTRUCTION & REAL ESTATE CORPORATION |
|
|
|
|
Registered Office : |
235 Vo Thi Sau - Ward 7, 3 District, Ho Chi Minh City |
|
|
|
|
Country : |
Vietnam |
|
|
|
|
Financials (as on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation : |
01.12.2000 |
|
|
|
|
Com. Reg. No.: |
0302158498 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Construction of buildings |
|
|
|
|
No. of Employees : |
1,550 |
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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 has
been transitioning from the rigidities of a centrally-planned economy since
1986. Vietnamese authorities have reaffirmed their commitment to economic
modernization in recent years. Vietnam joined the World Trade Organization in
January 2007, which has promoted more competitive, export-driven industries.
Vietnam became an official negotiating partner in the Trans-Pacific Partnership
trade agreement in 2010. Agriculture''s share of economic output has continued
to shrink from about 25% in 2000 to less than 22% in 2012, while industry''s
share increased from 36% to nearly 41% in the same period. State-owned
enterprises account for roughly 40% of GDP. 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 hurt Vietnam''s export-oriented economy, with GDP in 2012 growing at
5%, the slowest rate of growth since 1999. In 2012, however, exports increased
by more than 18%, year-on-year; several administrative actions brought the
trade deficit back into balance. Between 2008 and 2011, Vietnam''s managed
currency, the dong, was devalued in excess of 20%, but its value remained
stable in 2012. Foreign direct investment inflows fell 4.5% to $10.5 billion in
2012. Foreign donors have pledged $6.5 billion in new development assistance
for 2013. Hanoi has oscillated between promoting growth and emphasizing
macroeconomic stability in recent years. In February 2011, the Government
shifted policy away from policies aimed at achieving a high rate of economic
growth, which had stoked inflation, to those aimed at stabilizing the economy,
through tighter monetary and fiscal control. Although Vietnam unveiled a broad,
"three pillar" economic reform program in early 2012, proposing the
restructuring of public investment, state-owned enterprises, and the banking
sector, little perceptible progress had been made by early 2013. Vietnam''s
economy continues to face challenges from an undercapitalized banking sector.
Non-performing loans weigh heavily on banks and businesses. In September 2012,
the official bad debt ratio climbed to 8.8%, though some independent analysts
believe it could be higher than 15%.
Source
: CIA
SUBJECT IDENTIFICATION &
LEGAL FORM
|
||
|
|
||
Current legal status
|
||
|
English Name |
|
HOA BINH CONSTRUCTION & REAL ESTATE
CORPORATION |
|
Vietnamese Name |
|
CONG TY CO PHAN XAY DUNG VA KINH DOANH DIA
OC HOA BINH |
|
Short name |
|
HOA BINH CORPORATION |
|
Type of Business |
|
Joint stock company |
|
Year Established |
|
2000 |
|
Business Registration No. |
|
0302158498 |
|
Date of Registration |
|
01 Dec 2000 |
|
Place of Registration |
|
Business Registration Office- Planning and
Investment Department of Ho chi minh city |
|
Chartered capital |
|
VND 515,806,640,000 |
|
Status |
|
Listed |
|
Stock symbol |
|
HBC |
|
Stock Market |
|
HOSE |
|
Tax code |
|
0302158498 |
|
Total Employees |
|
1,550 |
Historical Identification & Legal form
|
List |
Changed Items |
Date of changes |
|
1 |
Subject has got former Chartered capital: 207,881,660,000
VND Changed to: 209,425,360,000 VND changed to 413,061,340,000 VND changed to
515,806,640,000 VND |
30
May 2013 |
|
2 |
Subject has got former Board Of Director:
Mr. TRAN ANH HOANG Changed to: Mr. IGNATIUS JOE BUDIMAN |
N/A |
|
3 |
Subject has got former Business
Registration No: 4103000229 Changed to: 0302153498 |
N/A |
|
|
||
ADDRESSES
|
||
|
|
||
|
Head Office |
||
|
Address |
|
235 Vo Thi Sau - Ward 7, 3 District, Ho
Chi Minh City, Vietnam |
|
Telephone |
|
(84-8) 39325030 – 39325572 – 39326571 |
|
Fax |
|
(84-8) 39325221 |
|
Email |
|
|
|
Website |
|
|
|
|
||
|
Transaction
office in Ho Chi Minh |
||
|
Address |
|
41-43 Tran Cao Van Street - Ward 6, 3 District,
Ho Chi Minh City, Vietnam |
|
Telephone |
|
(84-8) 62907626 |
|
Fax |
|
(84-8) 62907636 |
|
|
||
SUBSIDIARIES AND RELATED
COMPANIES
|
||
|
|
||
|
1. HOA BINH PHU
YEN INVESTMENT AND DEVELOPMENT JOINT STOCK COMPANY |
||
|
Business Registration |
|
4400410872 |
|
Tax code |
|
4400410872 |
|
Address |
|
439 Tran Hung Dao street, Tuy Hoa City, Phu Yen Province, Vietnam |
|
Tel |
|
84-57.3896748 |
|
|
||
|
2. HOA BINH HUE
INVESTMENT AND DEVELOPMENT JOINT STOCK COMPANY |
||
|
Business Registration |
|
3300515083 |
|
Tax code |
|
3300515083 |
|
Address |
|
Phu Hai 2 Village Loc Vinh Commune, Phu Loc District, Thua Thien-Hue
Province, Vietnam |
|
Tel |
|
84.54 - 3676 364 |
|
Fax |
|
84.54 - 3676 364 |
|
|
||
|
3. ANH HUY CO.,
LTD |
||
|
Business Registration |
|
0301453003 |
|
Tax code |
|
0301453003 |
|
Address |
|
1700/3C 1A National Road, An Phu Dong Ward, 12 District, Ho Chi Minh
City, Vietnam |
|
Tel |
|
(84.8) 3719 5343 |
|
Fax |
|
(84.8) 3719 5342 |
|
Website |
|
|
|
|
||
|
4. MOC HOA BINH
MANUFACTURING AND DECORATING JOINT STOCK COMPANY |
||
|
Business Registration |
|
0305726607 |
|
Tax code |
|
0305726607 |
|
Address |
|
235 Vo Thi Sau street, ward 7, 3 District, Ho Chi Minh City, Vietnam |
|
Website |
|
|
|
|
||
|
5. VIET TA
IMPORT EXPORT CORPORATION |
||
|
Business Registration |
|
0303159335 |
|
Date of Registration |
|
14 Jan 2013 |
|
Place of Registration |
|
Business registration office - Planning and Investment Department of
Hochiminh City |
|
Chartered capital |
|
VND 6,000,000,000 |
|
Tax code |
|
0303159335 |
|
Address |
|
No.104 Nguyen Du Street, Ben Nghe Ward , 1 District, Ho Chi Minh City,
Vietnam |
|
Tel |
|
(84-8) 6264 7126 |
|
Fax |
|
(84-8) 6264 7125 |
|
|
||
|
6. HOABINH PAINT
CO.,LTD |
||
|
Business Registration |
|
4103000229 |
|
Date of Registration |
|
24 Dec 2001 |
|
Place of Registration |
|
Business Registration Office- Planning and Investment Department of Ho
Chi Minh city |
|
Tax code |
|
0302492460 |
|
Address |
|
37/5A Phan Van Hon street, Tan Thoi Nhat ward, 12 District, Ho Chi Minh
City, Vietnam |
|
|
||
|
7. HOA BINH
INFRASTRUCTURE CONSTRUCTION INVESTMENT CORPORATION |
||
|
Business Registration |
|
1100796764 |
|
Tax code |
|
1100796764 |
|
Address |
|
Hamlet 7 Nhi Thanh Commune, Thu Thua District, Long An Province,
Vietnam |
|
Tel |
|
(84-72) 3613554 |
|
Fax |
|
(84.72) 3 613 565 |
|
Website |
|
|
|
|
||
|
8. HOA BINH
MECHANICAL ELECTRICAL JOINT STOCK COMPANY |
||
|
Business Registration |
|
0305486916 |
|
Tax code |
|
0305486916 |
|
Address |
|
235/2 Vo Thi Sau Street, Ward 7, 3 District, Ho Chi Minh City, Vietnam
|
|
Tel |
|
84.8 - 39325030 |
|
Fax |
|
84.8 - 39325221 |
|
Website |
|
|
|
|
||
|
9. HOA BINH
HOUSE CORPORATION |
||
|
Business Registration |
|
0305084406 |
|
Tax code |
|
0305084406 |
|
Address |
|
235 Vo Thi Sau - Ward 7, 3 District, Ho Chi Minh City, Vietnam |
|
Tel |
|
84.8 - 39325030 |
|
Fax |
|
84.8 - 39325221 |
|
Website |
|
|
|
|
||
|
10. HOA BINH
ARCHITECTURE CO., LTD |
||
|
Business Registration |
|
0302607584 |
|
Tax code |
|
0302607584 |
|
Address |
|
235 Vo Thi Sau street, ward 7, 3 District, Ho Chi Minh City, Vietnam |
|
|
||
|
11. MATEC
CONSTRUCTION MACHINERY COMPANY LIMITED |
||
|
Business Registration |
|
0310341578 |
|
Tax code |
|
0310341578 |
|
Address |
|
37/8 Phan Van Hon Street, Tan Thoi Nhat Ward, 12 District, Ho Chi Minh
City, Vietnam |
|
Tel |
|
(84.8) 3883 3746 |
|
Fax |
|
(84.8) 3883 3792 |
|
|
||
|
12. HOA BINH HA
NOI CONSTRUCTION AND REAL ESTATE COMPANY LIMITED |
||
|
Business Registration |
|
0104853362 |
|
Tax code |
|
0104853362 |
|
Address |
|
8th Floor, Sannam Building Dich Vong Hau Ward, Cau Giay District, Ha
Noi City, Vietnam |
|
Tel |
|
(84.4) 3795 8690 - 3795 8692 |
|
Fax |
|
(84.4) 3795 8693 |
|
|
||
|
13. HOA BINH DAKLAK
INVESTMENT AND DEVELOPMENT JOINT STOCK COMPANY |
||
|
Business Registration |
|
6000705522 |
|
Tax code |
|
6000705522 |
|
Address |
|
253 Nguyen Van Cu street, Buon Ma Thuot City, Dak Lak Province,
Vietnam |
|
|
||
|
14. HOA BINH OSEVEN
CORPORATION |
||
|
Business Registration |
|
0309478144 |
|
Tax code |
|
0309478144 |
|
Address |
|
235 Vo Thi Sau street, ward 7, 3 District, Ho Chi Minh City, Vietnam |
|
|
||
DIRECTORS
|
||
|
|
||
|
1.
NAME |
|
Mr.
LE VIET HAI |
|
Position |
|
Chairman |
|
Date of Birth |
|
12 Nov 1958 |
|
ID Number/Passport |
|
020959341 |
|
ID Issue Date |
|
18 Jul 2005 |
|
ID Issue Place |
|
Police Station of Ho
Chi Minh city |
|
Resident |
|
CC4 Truong Son
Street, Bac Hai Housing Compound - Ward 15, 10 District, Ho Chi Minh City,
Vietnam |
|
Current resident |
|
235 Vo Thi Sau street, ward 07, 3
District, Ho Chi Minh City, Vietnam |
|
Nationality |
|
Vietnamese |
|
|
||
|
2.
NAME |
|
Mr.
TRUONG QUANG NHAT |
|
Position |
|
Member of Board of Directors (BOD) |
|
Date of Birth |
|
01 Oct 1973 |
|
Resident |
|
68A Tran Quoc Toan street,
ward 8, 3 District, Ho Chi Minh City, Vietnam |
|
Nationality |
|
Vietnamese |
|
|
||
|
3.
NAME |
|
Mr.
NGUYEN LE TAN |
|
Position |
|
Member of Board of Directors (BOD) |
|
Date of Birth |
|
15 Nov 1969 |
|
ID Number/Passport |
|
023784099 |
|
Resident |
|
7 Tran Van Dang
STreet - Ward 11, 3 District, Ho Chi Minh City, Vietnam |
|
Nationality |
|
Vietnamese |
|
|
||
|
4.
NAME |
|
Mr.
LE QUOC DUY |
|
Position |
|
Member of Board of Directors (BOD) |
|
Date of Birth |
|
18 Feb 1981 |
|
Current resident |
|
132 Ong Ich Khiem street, ward 5, 11
District, Ho Chi Minh City, Vietnam |
|
Nationality |
|
Vietnamese |
|
|
||
|
5.
NAME |
|
Mr.
NGO NGOC QUANG |
|
Position |
|
Member of Board of Directors (BOD) |
|
Date of Birth |
|
1979 |
|
ID Number/Passport |
|
012020579 |
|
Current resident |
|
Ho Chi Minh City, Vietnam |
|
Nationality |
|
Vietnamese |
|
|
||
|
6.
NAME |
|
Mr.
PHAN NGOC THANH |
|
Position |
|
Member of Board of Directors (BOD) |
|
Date of Birth |
|
02 Mar 1969 |
|
ID Number/Passport |
|
191159347 |
|
Resident |
|
10C Le Ngoc Han
Street, Tay Loc Ward, Hue City, Thua Thien-Hue Province, Vietnam |
|
Current resident |
|
Ho Chi Minh City, Vietnam |
|
Nationality |
|
Vietnamese |
|
|
||
|
7.
NAME |
|
Mr.
IGNATIUS JOE BUDIMAN |
|
Position |
|
Member of Board of Directors (BOD) |
|
|
||
|
8.
NAME |
|
Mr.
HA VU HOANG |
|
Position |
|
Member of Board of Directors (BOD) |
|
Date of Birth |
|
1979 |
|
Nationality |
|
Australian |
|
|
||
|
Managing
Team |
||
|
|
||
|
9.
NAME |
|
Mr.
NGUYEN VAN TINH |
|
Position |
|
Deputy General Director |
|
Date of Birth |
|
22 Aug 1955 |
|
ID Number/Passport |
|
205100520 |
|
Resident |
|
An My ward, Tam Ky
City, Quang Nam Province, Vietnam |
|
Current resident |
|
Ho
Chi Minh City, Vietnam |
|
Nationality |
|
Vietnamese |
|
Qualification |
|
Bachelor |
|
|
||
|
10.
NAME |
|
Mr.
NGUYEN VAN AN |
|
Position |
|
Deputy General Director |
|
Date of Birth |
|
18 Jun 1972 |
|
ID Number/Passport |
|
201401577 |
|
Resident |
|
219/24 Ong Ich Khiem
street, Hai Chau II ward, Hai Chau District, Da Nang City, Vietnam |
|
Nationality |
|
Vietnamese |
|
|
||
|
11.
NAME |
|
Mr.
NGUYEN TAN THO |
|
Position |
|
Deputy General Director |
|
Date of Birth |
|
1965 |
|
Nationality |
|
Vietnamese |
|
|
||
|
Supervisory
Board |
||
|
12.
NAME |
|
Mr.
NGUYEN QUANG TRUNG |
|
Position |
|
Chief of Board of Controllers |
|
Date of Birth |
|
1979 |
|
Nationality |
|
Vietnamese |
|
|
||
|
13.
NAME |
|
Mr.
HUYNH ANH VU |
|
Position |
|
Member of Board of Controllers |
|
Date of Birth |
|
1976 |
|
Nationality |
|
Vietnamese |
|
|
||
|
14.
NAME |
|
Mr.
TRAN NGOC SANG |
|
Position |
|
Member of Board of Controllers |
|
Nationality |
|
Vietnamese |
|
|
||
BUSINESS NATURE AND ACTIVITIES
|
|
|
|
Construction of buildings |
|
|
|
IMPORT & EXPORT ACTIVITIES |
||
|
|
||
|
IMPORT: |
||
|
·
Market |
|
N/A |
|
|
||
|
EXPORT: |
||
|
·
Market |
|
N/A |
|
|
||
BANKERS
|
||
|
|
||
|
1.
AN BINH COMMERCIAL JOINT STOCK BANK |
||
|
Address |
|
No.70-80 Cach Mang Thang 8, 3 District, Ho Chi Minh City, Vietnam |
|
Telephone |
|
84-08.39300797 |
|
Fax |
|
84-08.39300798 |
|
|
||
|
2.
BANK FOR INVESTMENT AND DEVELOPMENT OF VIETNAM HOCHIMINH CITY BRANCH |
||
|
Address |
|
No. 134 Nguyen Cong Tru Street,, 1 District, Ho Chi Minh City, Vietnam
|
|
Telephone |
|
(84-08) 3823 0125 /3829 7384 |
|
Fax |
|
(84-08) 3829 8862 |
|
|
||
|
3.
SAIGON THUONG TIN COMMERCIAL JOINT STOCK BANK |
||
|
Address |
|
No. 266-268 Nam Ky Khoi Nghia Street, Ward 8, 3 District, Ho Chi Minh
City, Vietnam |
|
Telephone |
|
(84-8) 3932 0420, 3932 0643 |
|
Fax |
|
(84-8) 3932 2488, 3932 0424 |
|
|
||
|
4.
STANDARD CHARTERED BANK (VIETNAM) LIMITED - HO CHI MINH CITY BRANCH |
||
|
Address |
|
02nd Floor, Suite 201, Saigon Trade Center Building, No. 37 Ton Duc
Thang Street, Ben Nghe Ward, 1 District, Ho Chi Minh City, Vietnam |
|
Telephone |
|
(84-8) 3911 0000 / 39109592 |
|
Fax |
|
(84-8) 38298426 / 39107503 |
|
|
||
|
5.
VIET NAM JOINT STOCK COMMERCIAL BANK FOR INDUSTRY AND TRADE TRANSACTION
CENTER NO.2 |
||
|
Address |
|
No.79A Ham Nghi Str, Nguyen Thai Binh Ward, 1 District, Ho Chi Minh City,
Vietnam |
|
Telephone |
|
(84-8) 3829 0715 |
|
Fax |
|
(84-8) 3829 5342 |
|
|
||
|
6.
HSBC BANK (VIET NAM) LTD |
||
|
Address |
|
Metropolitan Building, No. 235 Dong Khoi Street, Ben Nghe Ward, 1
District, Ho Chi Minh City, Vietnam |
|
Telephone |
|
(84-8) 3829 2288 |
|
Fax |
|
(84-8) 3823 0530 |
|
|
||
SHAREHOLDERS
|
||
|
|
||
|
1.
NAME |
|
Mr.
HUYNH HUU TOT |
|
ID Number/Passport |
|
021874853 |
|
Resident |
|
153C Phan Xich Long Street, Ward 1, Phu
Nhuan District, Ho Chi Minh City, Vietnam |
|
Nationality |
|
Vietnamese |
|
Number of Shares |
|
13,833 |
|
Value of shares |
|
VND 138,330,000 |
|
|
||
|
2.
NAME |
|
Mr.
LE VIET HUNG |
|
Date of Birth |
|
1952 |
|
ID Number/Passport |
|
020051208 |
|
Resident |
|
301 Nam Ky Khoi Nghia - Ward 7, 3
District, Ho Chi Minh City, Vietnam |
|
Nationality |
|
Vietnamese |
|
Number of Shares |
|
1,100,961 |
|
Value of shares |
|
VND 11,009,610,000 |
|
|
||
|
3.
NAME |
|
Mr.
LE VIET HAI |
|
Position |
|
Chairman |
|
Date of Birth |
|
12 Nov 1958 |
|
ID Number/Passport |
|
020959341 |
|
Issued on |
|
18 Jul 2005 |
|
Issued Place |
|
Police Station of Ho Chi Minh city |
|
Resident |
|
CC4 Truong Son Street, Bac Hai Housing
Compound - Ward 15, 10 District, Ho Chi Minh City, Vietnam |
|
Current Resident |
|
235 Vo Thi Sau street, ward 07, 3
District, Ho Chi Minh City, Vietnam |
|
Nationality |
|
Vietnamese |
|
Number of Shares |
|
1,887,890 |
|
Value of shares |
|
VND 18,878,900,000 |
|
|
||
|
4.
NAME |
|
Mr.
NGUYEN DANG DONG |
|
ID Number/Passport |
|
020109628 |
|
Current Resident |
|
449A Pham The Hien Street, Ward 3, 8
District, Ho Chi Minh City, Vietnam |
|
Nationality |
|
Vietnamese |
|
Number of Shares |
|
1,411 |
|
Value of shares |
|
VND 14,110,000 |
|
|
||
|
5.
NAME |
|
Mr.
NGUYEN VAN AN |
|
Position |
|
Deputy General Director |
|
Date of Birth |
|
18 Jun 1972 |
|
ID Number/Passport |
|
201401577 |
|
Resident |
|
219/24 Ong Ich Khiem street, Hai Chau II
ward, Hai Chau District, Da Nang City, Vietnam |
|
Nationality |
|
Vietnamese |
|
Number of Shares |
|
8,300 |
|
Value of shares |
|
VND 83,000,000 |
|
|
||
|
6.
NAME |
|
Mr.
NGUYEN VAN TINH |
|
Position |
|
Deputy General Director |
|
Date of Birth |
|
22 Aug 1955 |
|
ID Number/Passport |
|
205100520 |
|
Resident |
|
An My ward, Tam Ky City, Quang Nam
Province, Vietnam |
|
Current Resident |
|
Ho Chi Minh City, Vietnam |
|
Nationality |
|
Vietnamese |
|
Number of Shares |
|
66,988 |
|
Value of shares |
|
VND 669,880,000 |
|
|
||
|
7.
NAME |
|
Mr.
PHAN NGOC THANH |
|
Position |
|
Member of Board of Directors (BOD) |
|
Date of Birth |
|
02 Mar 1969 |
|
ID Number/Passport |
|
191159347 |
|
Resident |
|
10C Le Ngoc Han Street, Tay Loc Ward, Hue
City, Thua Thien-Hue Province, Vietnam |
|
Current Resident |
|
Ho Chi Minh City, Vietnam |
|
Nationality |
|
Vietnamese |
|
Number of Shares |
|
69,236 |
|
Value of shares |
|
VND 692,360,000 |
|
|
||
|
8.
NAME |
|
Mr.
VU QUANG DINH |
|
Resident |
|
818/11/3D Nguyen Kiem Street, Ward 3, Go
Vap District, Ho Chi Minh City, Vietnam |
|
Nationality |
|
Vietnamese |
|
Number of Shares |
|
4,150 |
|
Value of shares |
|
VND 41,500,000 |
|
|
||
|
9.
NAME |
|
Mr.
NGUYEN LE TAN |
|
Position |
|
Member of Board of Directors (BOD) |
|
Date of Birth |
|
15 Nov 1969 |
|
ID Number/Passport |
|
023784099 |
|
Resident |
|
7 Tran Van Dang STreet - Ward 11, 3 District,
Ho Chi Minh City, Vietnam |
|
Nationality |
|
Vietnamese |
|
Number of Shares |
|
81,815 |
|
Value of shares |
|
VND 818,150,000 |
|
|
||
FINANCIAL DATA
|
|||
|
|
|||
|
BALANCE
SHEET |
|||
Unit: One VND
|
|||
|
Balance sheet
date |
31/03/2013 |
31/12/2012 |
31/12/2011 |
|
Number of weeks |
13 |
52 |
52 |
|
Audit status |
Unaudited |
Audited |
Audited |
ASSETS
|
|||
|
A – CURRENT
ASSETS |
3,778,259,446,493
|
3,760,514,717,655
|
2,549,703,711,511
|
|
I. Cash and cash
equivalents |
41,114,944,765 |
605,656,441,523 |
299,792,481,888 |
|
1. Cash |
32,814,944,765 |
114,721,441,523 |
44,741,193,003 |
|
2. Cash equivalents |
8,300,000,000 |
490,935,000,000 |
255,051,288,885 |
|
II. Short-term
investments |
499,831,480,885 |
14,758,185,278 |
325,055,859,082 |
|
1. Short-term investments |
499,831,480,885 |
14,758,185,278 |
325,358,052,673 |
|
2. Provisions for devaluation of short-term investments |
|
|
-302,193,591 |
|
III. Accounts
receivable |
2,965,354,736,840
|
2,872,483,882,302
|
1,680,305,086,167
|
|
1. Receivable from customers |
794,241,233,279 |
745,969,649,421 |
416,931,100,319 |
|
2. Prepayments to suppliers |
448,088,565,021 |
386,031,129,928 |
249,494,842,649 |
|
3. Inter-company receivable |
|
|
|
|
4. Receivable according to the progress of construction |
1,708,931,061,732 |
1,717,748,510,831 |
1,007,304,403,817 |
|
5. Other receivable |
35,496,493,043 |
40,232,207,469 |
9,550,455,210 |
|
6. Provisions for bad debts |
-21,402,616,235 |
-17,497,615,347 |
-2,975,715,828 |
|
IV. Inventories |
226,525,589,339 |
221,371,391,978 |
198,546,157,955 |
|
1. Inventories |
229,071,861,166 |
223,917,663,805 |
198,761,441,682 |
|
2. Provisions for devaluation of inventories |
-2,546,271,827 |
-2,546,271,827 |
-215,283,727 |
|
V. Other Current
Assets |
45,432,694,664 |
46,244,816,574 |
46,004,126,419 |
|
1. Short-term prepaid expenses |
24,412,367,498 |
26,493,523,503 |
24,442,321,869 |
|
2. VAT to be deducted |
3,352,151,796 |
3,055,339,228 |
8,097,119,111 |
|
3. Taxes and other accounts receivable from the State |
111,572,582 |
91,585,241 |
482,756,415 |
|
4. Other current assets |
17,556,602,788 |
16,604,368,602 |
12,981,929,024 |
|
B. LONG-TERM
ASSETS |
825,827,631,453 |
819,901,384,188 |
735,692,178,913 |
|
I. Long term
accounts receivable |
4,100,000,000 |
4,100,000,000 |
4,100,000,000 |
|
1. Long term account receivable from customers |
4,100,000,000 |
4,100,000,000 |
4,100,000,000 |
|
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
|
510,716,876,649 |
498,467,909,961 |
460,584,860,056 |
|
1. Tangible assets |
461,092,549,221 |
454,440,747,320 |
423,143,896,038 |
|
- Historical costs |
663,551,757,636 |
640,257,761,706 |
546,727,902,433 |
|
- Accumulated depreciation |
-202,459,208,415 |
-185,817,014,386 |
-123,584,006,395 |
|
2. Financial leasehold assets |
|
|
|
|
- Historical costs |
|
|
|
|
- Accumulated depreciation |
|
|
|
|
3. Intangible assets |
8,968,176,131 |
9,197,775,189 |
5,899,734,407 |
|
- Initial costs |
10,475,175,129 |
10,475,175,129 |
6,846,737,843 |
|
- Accumulated amortization |
-1,506,998,998 |
-1,277,399,940 |
-947,003,436 |
|
4. Construction-in-progress |
40,656,151,297 |
34,829,387,452 |
31,541,229,611 |
|
III. Investment
property |
|
|
|
|
Historical costs |
|
|
|
|
Accumulated depreciation |
|
|
|
|
IV. Long-term
investments |
252,663,929,403 |
253,137,331,586 |
214,584,794,102 |
|
1. Investments in affiliates |
|
|
|
|
2. Investments in business concerns and joint ventures |
203,986,684,368 |
204,151,593,664 |
167,078,102,683 |
|
3. Other long-term investments |
49,607,391,419 |
49,607,391,419 |
47,506,691,419 |
|
4. Provisions for devaluation of long-term investments |
-930,146,384 |
-621,653,497 |
|
|
V. Other
long-term assets |
58,346,825,401 |
64,196,142,641 |
56,422,524,755 |
|
1. Long-term prepaid expenses |
47,835,072,670 |
54,993,950,359 |
51,950,313,299 |
|
2. Deferred income tax assets |
3,840,505,362 |
4,064,871,282 |
2,915,256,656 |
|
3. Other long-term assets |
6,671,247,369 |
5,137,321,000 |
1,556,954,800 |
|
VI. Goodwill |
|
|
|
|
1. Goodwill |
|
|
|
|
TOTAL ASSETS |
4,604,087,077,946
|
4,580,416,101,843
|
3,285,395,890,424
|
|
|
|||
LIABILITIES
|
|||
|
A- LIABILITIES |
3,807,038,504,663
|
3,800,531,046,042
|
2,560,194,604,489
|
|
I. Current
liabilities |
3,547,694,334,934
|
3,559,712,679,493
|
2,474,746,820,446
|
|
1. Short-term debts and loans |
1,400,490,822,094 |
1,389,332,735,641 |
894,082,994,240 |
|
2. Payable to suppliers |
823,922,888,330 |
948,364,897,786 |
406,342,790,511 |
|
3. Advances from customers |
781,572,059,980 |
798,460,315,941 |
853,631,502,415 |
|
4. Taxes and other obligations to the State Budget |
58,110,728,965 |
55,659,323,296 |
42,220,616,807 |
|
5. Payable to employees |
93,345,514,553 |
124,595,415,953 |
91,667,140,003 |
|
6. Accrued expenses |
372,703,873,601 |
217,353,435,671 |
165,952,579,873 |
|
7. Inter-company payable |
|
|
|
|
8. Payable according to the progress of construction contracts |
|
|
|
|
9. Other payable |
12,827,951,014 |
23,618,473,835 |
20,546,518,117 |
|
10. Provisions for short-term accounts payable |
|
|
302,678,480 |
|
11. Bonus and welfare funds |
4,720,496,397 |
2,328,081,370 |
|
|
II. Long-Term
Liabilities |
259,344,169,729 |
240,818,366,549 |
85,447,784,043 |
|
1. Long-term accounts payable to suppliers |
|
|
|
|
2. Long-term inter-company payable |
|
|
|
|
3. Other long-term payable |
13,203,003,882 |
11,908,058,333 |
|
|
4. Long-term debts and loans |
29,459,620,317 |
19,093,568,457 |
9,910,836,650 |
|
5. Deferred income tax payable |
|
|
46,662,393,464 |
|
6. Provisions for unemployment allowances |
|
|
11,862,720,915 |
|
7. Provisions for long-term accounts payable |
20,355,726,755 |
15,776,156,756 |
17,011,833,014 |
|
8. Unearned Revenue |
196,325,818,775 |
194,040,583,003 |
|
|
9. Science and technology development fund |
|
|
|
|
B- OWNER’S
EQUITY |
789,480,048,663 |
771,276,531,740 |
719,110,259,448 |
|
I. OWNER’S
EQUITY |
789,480,048,663 |
771,276,531,740 |
721,594,231,951 |
|
1. Capital |
415,806,640,000 |
413,061,340,000 |
209,425,360,000 |
|
2. Share premiums |
198,683,013,203 |
198,683,013,203 |
368,383,473,203 |
|
3. Other sources of capital |
|
|
|
|
4. Treasury stocks |
-110,073,072,979 |
-110,073,072,979 |
-57,607,837,953 |
|
5. Differences on asset revaluation |
|
|
|
|
6. Foreign exchange differences |
|
|
-1,043,980,727 |
|
7. Business promotion fund |
66,274,497,618 |
66,363,452,518 |
51,116,700,180 |
|
8. Financial reserved fund |
24,069,306,854 |
22,679,680,590 |
17,712,128,908 |
|
9. Other funds |
|
|
|
|
10. Retained earnings |
194,719,663,967 |
180,562,118,408 |
133,608,388,340 |
|
11. Construction investment fund |
|
|
|
|
12. Business arrangement supporting fund |
|
|
|
|
II. Other
sources and funds |
|
|
-2,483,972,503 |
|
1. Bonus and welfare funds (Elder form) |
|
|
-2,483,972,503 |
|
2. Sources of expenditure |
|
|
|
|
3. Fund to form fixed assets |
|
|
|
|
MINORITY’S
INTEREST |
7,568,524,620 |
8,608,524,061 |
6,091,026,487 |
|
TOTAL
LIABILITIES AND OWNER’S EQUITY |
4,604,087,077,946
|
4,580,416,101,843
|
3,285,395,890,424
|
|
|
|||
|
PROFIT
& LOSS STATEMENT |
|||
|
|
|||
|
Description |
1st quarter FY2013 |
FY2012 |
FY2011 |
|
1. Total Sales |
1,001,131,591,913
|
4,081,777,770,923
|
3,055,951,954,475
|
|
2. Deduction item |
320,027,491 |
16,884,993,858 |
654,387,424 |
|
3. Net revenue |
1,000,811,564,422
|
4,064,892,777,065
|
3,055,297,567,051
|
|
4. Costs of goods sold |
926,016,943,140 |
3,687,353,138,798 |
2,635,608,464,972 |
|
5. Gross profit |
74,794,621,282 |
377,539,638,267 |
419,689,102,079 |
|
6. Financial income |
24,145,417,382 |
36,360,116,011 |
32,846,563,691 |
|
7. Financial expenses |
42,560,407,474 |
164,260,302,463 |
149,622,349,244 |
|
- In which: Loan interest expenses |
42,207,244,912 |
158,411,940,910 |
145,952,558,335 |
|
8. Selling expenses |
3,793,499,590 |
10,510,601,861 |
7,819,536,299 |
|
9. Administrative overheads |
30,756,459,074 |
135,932,485,470 |
120,721,165,789 |
|
10. Net operating profit |
21,829,672,526 |
103,196,364,484 |
174,372,614,438 |
|
11. Other income |
3,373,420,728 |
45,262,777,297 |
28,453,801,936 |
|
12. Other expenses |
3,436,649,513 |
28,498,327,412 |
31,929,086,379 |
|
13. Other profit /(loss) |
-63,228,785 |
16,764,449,885 |
-3,475,284,443 |
|
14. Total accounting profit before tax |
21,766,443,741 |
157,034,305,350 |
170,897,329,995 |
|
15. Current corporate income tax |
5,587,800,989 |
27,295,487,426 |
38,344,976,835 |
|
16. Deferred corporate income tax |
224,365,921 |
1,149,614,626 |
-2,732,164,458 |
|
17. Interest from subsidiaries/related companies |
788,847,121 |
37,073,490,981 |
14,268,223,143 |
|
18. Profit after tax |
16,743,123,952 |
130,888,432,550 |
149,552,740,761 |
|
|
|||
|
FINANCIAL RATIOS
AND AVERAGE INDUSTRY RATIOS |
|||
|
|
|||
|
Description |
FY2012 |
FY2011 |
Average Industry |
|
Current liquidity ratio |
1.06 |
1.03 |
1.49 |
|
Quick liquidity ratio |
0.99 |
0.95 |
0.76 |
|
Inventory circle |
16.66 |
15.11 |
4.15 |
|
Average receive period |
257.93 |
200.74 |
428.99 |
|
Utilizing asset performance |
0.89 |
0.93 |
0.47 |
|
Liability by total assets |
82.97 |
77.93 |
68.68 |
|
Liability by owner's equity |
492.76 |
356.02 |
399.20 |
|
Ebit / Total assets (ROA) |
6.89 |
9.64 |
4.58 |
|
Ebit / Owner's equity (ROE) |
40.90 |
44.06 |
22.45 |
|
Ebit / Total revenue (NPM) |
7.73 |
10.37 |
17.51 |
|
Gross profit / Total revenue (GPM) |
9.25 |
13.73 |
19.94 |
|
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 |
|
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 |
|
|
INTERPRETATION ON THE SCORES
|
|
|
|
The Subject was established in 2000 with the trade name “Hoa Binh
Construction & Real Estate Corporation” under business registration No.
4103000229 issued on December 1st, 2000. Hoa Binh Construction and Real Estate Corporation is a Vietnam-based
company engaged in the construction sector. The Company is mainly involved in
civil and industrial construction projects, land clearance and consultancy on
architecture and interior design. In addition, it manufactures and
merchandizes construction materials and interior design parts, as well as
provides maintenance services to houses. The subject has changed its chartered capital and now its chartered
capital is 515,806,640,000 VND. In year 2012, its total assets in year 2012 increased 39.4%, owner
equity increased 6.9%, net revenue increased 33.1%, profit after tax
increased 88.6% compared with 2011. The subject expects to reach 5,000 billion VND in year 2013
increased 23% compared with year 2012 and profit after tax reach 185 billion
VND increased 40.2% compared with year 2012. The subject is capable to meet medium financial commitments. |
------------ APPENDIX ----------
INDUSTRY DATA
|
||||||
|
|
||||||
|
Industry code |
GDP growth speed
by price compared with 1994 (%) |
Total
enterprises 2010 |
Total employees
2011 (Thous.pers.) |
Annual average
capital of enterprises 2010 (billion dongs) |
||
|
2012 |
2011 |
|||||
|
Agriculture,
Forestry and Fishing |
2.72 |
4.00 |
8,887 |
24,362.9 |
95,227 |
|
|
Industry and
Construction |
4.52 |
5.53 |
95,217 |
10,718.9 |
3,641,376 |
|
|
Trade and
Services |
6.42 |
6.69 |
187,195 |
15,270.2 |
6,957,082 |
|
|
|
||||||
ECONOMIC INDICATORS
|
||||||
|
|
||||||
|
|
2012 |
2011 |
2010 |
|||
|
Population (Million person) |
88.78 |
87.84 |
86.93 |
|||
|
Gross Domestic Products (USD
billion) |
136 |
119 |
102.2 |
|||
|
GDP Growth (%) |
5.03 |
5.89 |
6.78 |
|||
|
GDP Per Capita
(USD/person/year) |
1,540 |
1,300 |
1,160 |
|||
|
Inflation (% Change in Composite
CPI) |
9.21 |
18.58 |
11.75 |
|||
|
State Budget Deficit compared
with GDP (%) |
4.8 |
4.9 |
5.8 |
|||
|
|
||||||
SERVICE TRADE PERFORMANCE
|
||||||
|
|
||||||
|
Billion USD |
2012 |
2011 |
2010 |
|||
|
Exports |
114.6 |
96.3 |
72.2 |
|||
|
Imports |
114.3 |
105.8 |
84.8 |
|||
|
Trade Balance |
0.3 |
-9.5 |
-12.6 |
|||
Source: General
Statistics Office
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.57.74 |
|
|
1 |
Rs.90.64 |
|
Euro |
1 |
Rs.77.02 |
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.