MIRA INFORM REPORT

 

 

Report Date :

18.12.2014

 

IDENTIFICATION DETAILS

 

Name :

SAIGON PHARMACEUTICAL CO LTD

 

 

Registered Office :

18-20 Nguyen Truong To Ward 12, District 4, Ho Chi Minh

 

 

Country :

Vietnam

 

 

Financials (as on) :

December 2013

 

 

Date of Incorporation :

17.08.2010

 

 

Legal Form :

Private Company with Limited Liability

 

 

Line of Business :

Engaged in manufacturing & exporting of Medicines, Pharmaceutical Equipment, Pharmaceutical Products, Serums, Vaccines, Anti-Diarrheals & Medical instruments

 

 

No of Employees :

500

 

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 :

Slow but Correct

Litigation :

Clear 

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List – September 30, 2014

 

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

Vietnam

a2

a2

 

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 20% in 2013, while industry's share increased from 36% to more than 42% in the same period. State-owned enterprises account for about 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 2013 growing at 5%, the slowest rate of growth since 1999. In 2013, however, exports increased by more than 12%, 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 relatively stable in 2013. Hanoi has oscillated between promoting growth and emphasizing macroeconomic stability in recent years. In February 2011, the government shifted 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 has been made. Vietnam's economy continues to face challenges from an undercapitalized banking sector. Non-performing loans weigh heavily on banks and businesses.

 

 

 

Source : CIA

REGISTERED NAME & COMPANY SUMMARY

 

Company Details

Organization Name

:

SAIGON PHARMACEUTICAL CO LTD

Address

:

18-20 Nguyen Truong To Ward 12, District 4, Ho Chi Minh

Country

:

Vietnam

Phone (S)

:

[+84] 8-39400388

Facsimile

:

[+84] 8-39401975

Email

:

contact@sapharco.com

Website

:

http://www.sapharco.com

Primary Business

Activity

:

Engaged in manufacturing & exporting of Medicines, Pharmaceutical Equipment, Pharmaceutical Products, Serums, Vaccines, Anti-Diarrheals & Medical instruments

 

 

DIRECTORS/MANAGEMENT

 

 Key Person

Legal Title

:

Chairman

Name

:

Mr. Le Van Que

Nationality

:

Vietnamese

 

COMPANY MANAGEMENT

Management Listings

 

Name

Nationality

Job Description

Dept. / Division

1

Mr. Pham Anh Kiet

Vietnamese

Managing Director

-

2

Mr. Le Van Thien

Vietnamese

Chief Accountant

-

3

Mr. Le Minh Tri

Vietnamese

Managing Director

-

4

Mr. Tran Viet Trung

Vietnamese

Assist. Managing Director

-

Management Details - 1

Personal Unique Identifier

:

MI03742967

Name

:

Mr. Pham Anh Kiet

 

Date of Birth

:

30 Mar, 1963

Management Details - 2

Personal Unique Identifier

:

MI03392898

Name

:

Mr. Le Van Thien

 

Date of Birth

:

1971

Management Details - 3

Personal Unique Identifier

:

MI01945969

Name

:

Mr. Le Minh Tri

 

Date of Birth

:

1962

Management Details - 4

Personal Unique Identifier

:

MI02503698

Name

:

Mr. Tran Viet Trung

 

Date of Birth

:

1956

 

COMPANY DIRECTORS

1

 

 

Personal Unique Identifier

:

MI01945969

Name

:

Mr. Le Minh Tri

Date of Birth

:

1962

 

2

 

 

Personal Unique Identifier

:

MI03392895

Name

:

Mr. Le Van Que

Date of Birth

:

1962

 

3

 

 

Personal Unique Identifier

:

MI03742967

Name

:

Mr. Pham Anh Kiet

Date of Birth

:

30 Mar, 1963

 

NEGATIVE INFORMATION

 

REPUTATION

Reference checking for the purpose of establishing SAIGON PHARMACEUTICAL CO LTD's reputation within the respective industry failed to reveal any adverse information.

 

NEGA-SCAN - ADVERSE DATA MONITORING

 

DISHONORED CHECKS

 

No Record Found

 

 

DEBT

 

No Record Found

 

 

CIVIL LITIGATION

 

No Record Found

 

 

PERFORMANCE DEFAULTS

 

No Record Found

 

 

ADVERSE LOCAL MEDIA COVERAGE / ADVERSE FILING HISTORY

 

No Record Found

 

 

 

SHARE & SHARE CAPITAL INFORMATION

 

Capital

:

US$ 20,998,882

 

CAPITAL (Currency: VND - Vietnam Dong)

 

 

Authorized Capital

:

₫ 445,149,000,000

Paid-up Capital

:

₫ 278,106,000,000

 

 

Date

Authorized Capital - History

24 Mar, 1993

14,461,000,051

2009

314,262,000,000

17 Aug, 2010

278,106,000,000

Dec, 2010

316,688,000,000

Dec, 2011

353,188,000,000

Jun, 2012

436,548,000,000

Dec, 2012

472,050,000,000

15 Jul, 2014

445,149,000,000

 

 

SHAREHOLDERS

Total number of shareholders

:

1

Total number of shares

:

n/a

 

Currency

:

VND - Vietnam Dong

 

No.

Shareholders

Country

Shares

Number

Amount (VND)

%

1

HO CHI MINH CITY PEOPLE'S COMMITTEE

Vietnam

n/a

278,106,000,000

100.00

Total

n/a

278,106,000,000

100.00

 

 

Based on corporate statutory laws / regulations in Vietnam, there is no requirement for public disclosure of Shareholders. In this case, the Shareholders information was supplied by the Subject Business Entity.
However in the absence of data normally obtained from local Statutory Authorities, it is not possible to verify the accuracy of data supplied and hence is provided as reference ONLY.

 

PAYMENT INFORMATION

 

 International Trade - Statistics  (Currency: USD - US Dollar)

Year

Imports

Exports

Total

2007

n/a

2,993,135

2,993,135

2008

n/a

3,276,448

3,276,448

2009

n/a

4,654,535

4,654,535

 

 

DOMESTIC SALES & PURCHASES

Annual Sales Analysis

Percentage

Domestic Sales

95%

International Sales (Export)

5%

Annual Purchases Analysis

Percentage

Local Purchases

30%

Imports

70%

 

PAYMENT TERMS

Selling

Type

Terms

Local

Cash on delivery (COD)

Credit - Unsecured 30~120 days

Export

Letter of Credit (At-sight)

Telegraphic Transfer (T/T) - Received at time of transaction

Purchasing

Type

Terms

Local

Cash on delivery (COD)

Credit - Unsecured 30~120 days

Import

Letter of Credit (At-sight)

Telegraphic Transfer (T/T) - Executed at time of transaction

 

INTERNATIONAL TRADE - Statistics (Currency: USD - US Dollar)

Year

Imports

Exports

Total

2005

n/a

231,555

231,555

2006

n/a

3,097,416

3,097,416

 

INTERNATIONAL TRADE - Activity & Markets

Country / Region

Estimated level of importance

Trading Activity

Africa

Medium

Exporting

Asia / Pacific

Medium

Importing, Exporting

Europe

Medium

Importing, Exporting

North America

Medium

Importing

Australia

Medium

Importing

Austria

Medium

Importing

Belgium

Medium

Importing

Cambodia

Medium

Exporting

Canada

Medium

Importing

China

Medium

Importing

Denmark

Medium

Importing

Finland

Medium

Importing

France

Medium

Importing

Germany

Medium

Importing

Hong Kong

Medium

Importing, Exporting

Hungary

Medium

Importing

India

Medium

Importing

Indonesia

Medium

Importing

Ireland

Medium

Importing

Italy

Medium

Importing

Korea, South (Republic of Korea)

Medium

Exporting

Laos

Medium

Exporting

Malaysia

Medium

Importing

Netherlands

Medium

Importing

New Zealand

Medium

Importing

Philippines

Medium

Importing

Singapore

Medium

Importing

Spain

Medium

Importing

Sweden

Medium

Importing

Switzerland

Medium

Importing

Taiwan

Medium

Importing, Exporting

Thailand

Medium

Importing

USA

Medium

Importing

United Kingdom

Medium

Importing

 

DOMESTIC SUPPLIERS

Business Entity Name

Global Identifier

UNITED LABORATORIES INC

P0095139

 

 

 

 

 

DOMESTIC CUSTOMERS

Business Entity Name

Global Identifier

CHOLON PHARMACEUTICAL IMPORT-EXPORT JOINT STOCK

32407553

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

DIRECT / INDIRECT CORPORATE PARENT DETAILS

Direct Parent

:

HO CHI MINH CITY PEOPLE'S COMMITTEE

Global Identifier

:

P3068339

Country

:

Vietnam

 

RELATED PARTIES (Subsidiaries, Joint-ventures & Affiliates)

 

The following provides a summary of the number of businesses that are related to SAIGON PHARMACEUTICAL CO LTD:

 

TYPE

DOMESTIC

TOTAL

Subsidiaries

3

Joint-Ventures

1

Minority shareholdings

-

Affiliates

7

Liaison / Representative Offices

-

 

Domestic

 

Business Entity Name

:

BEN THANH PHARMACEUTICAL JSC

Global Identifier

:

32400561

Country

:

Vietnam

Relationship

:

Affiliate

Operational Address

:

63 Nguyen Thi Minh Khai St, District 1, Ho Chi Minh

Primary Business Activity

:

Trader

Industry

:

Medical Equipment & Pharmaceutical

 

 

 

Business Entity Name

:

CHOLON PHARMACEUTICAL IMPORT-EXPORT JOINT STOCK

Global Identifier

:

32407553

Country

:

Vietnam

Relationship

:

Affiliate

Operational Address

:

27 Chau Van Liem St, District 5, Ho Chi Minh

Primary Business Activity

:

Trader

Industry

:

Medical Equipment & Pharmaceutical

 

 

 

Business Entity Name

:

HO CHI MINH CITY MEDICAL IMPORT EXPORT JSC

Global Identifier

:

P3156044

Country

:

Vietnam

Relationship

:

Subsidiary

Operational Address

:

181 Nguyen Dinh Chieu St Ward 6, District 3, Ho Chi Minh

Primary Business Activity

:

Trader

Industry

:

Medical Equipment & Pharmaceutical

 

 

 

Business Entity Name

:

KHANH HOI PHARMACEUTICAL & MEDICAL SERVICE JSC

Global Identifier

:

P3094462

Country

:

Vietnam

Relationship

:

Subsidiary

Operational Address

:

181 Nguyen Dinh Chieu St Ward 6, District 3, Ho Chi Minh

Primary Business Activity

:

Service

Industry

:

Medical Equipment & Pharmaceutical

 

 

 

Business Entity Name

:

MEDICAL BIOMATERIAL AND PHARMACEUTICAL CO LTD

Global Identifier

:

P0387055

Country

:

Vietnam

Relationship

:

Subsidiary

Operational Address

:

31 Ngo Thoi Nhiem St Ward 6, District 3, Ho Chi Minh

Primary Business Activity

:

Manufacturer

Industry

:

Medical Equipment & Pharmaceutical

 

 

 

Business Entity Name

:

NATIONAL DAY PHARMACEUTICAL JSC

Global Identifier

:

P0025070

Country

:

Vietnam

Relationship

:

Affiliate

Operational Address

:

136 Ly Chinh Thang St, District 3, Ho Chi Minh

Primary Business Activity

:

Manufacturer

Industry

:

Medical Equipment & Pharmaceutical

 

 

 

Business Entity Name

:

PHARMACEUTICAL JSC OF FEBRUARY 3RD

Global Identifier

:

P3094476

Country

:

Vietnam

Relationship

:

Affiliate

Operational Address

:

10 Cong Truong Quoc Te Ward 6, District 3, Ho Chi Minh

Primary Business Activity

:

Trader

Industry

:

Medical Equipment & Pharmaceutical

 

 

 

Business Entity Name

:

PHARMEDIC PHARMACEUTICAL MEDICINAL JSC

Global Identifier

:

P3094500

Country

:

Vietnam

Relationship

:

Affiliate

Operational Address

:

367 Nguyen Trai St Nguyen Cu Trinh Ward, District 1, Ho Chi Minh

Primary Business Activity

:

Service

Industry

:

Medical Equipment & Pharmaceutical

 

 

 

Business Entity Name

:

PHONG PHU PHARMACEUTICAL JSC

Global Identifier

:

P3094488

Country

:

Vietnam

Relationship

:

Affiliate

Operational Address

:

30-32 Phong Phu St Ward 12, District 8, Ho Chi Minh

Primary Business Activity

:

Trader

Industry

:

Medical Equipment & Pharmaceutical

 

 

 

Business Entity Name

:

ROUSSEL VIETNAM CO LTD

Global Identifier

:

32406358

Country

:

Vietnam

Relationship

:

Joint-Venture

Operational Address

:

6 Nguyen Hue St, District 1, Ho Chi Minh

Primary Business Activity

:

Manufacturer

Industry

:

Medical Equipment & Pharmaceutical

 

 

 

Business Entity Name

:

SAIGON OPTICS

Global Identifier

:

32406537

Country

:

Vietnam

Relationship

:

Affiliate

Operational Address

:

90 Cach Mang Thang Tam St, District 3, Ho Chi Minh

Primary Business Activity

:

Trader

Industry

:

Optical Accessories & Components

 

 

FINANCIAL INFORMATION

 

 Financials - Summary  (Currency: USD - US Dollar)

Year

Sales

Assets

Net Income

2011 Annual

91,622,324

73,791,407

674,700

2012 Annual

83,719,878

105,760,910

-650,623

2013 Annual

82,838,161

76,190,121

35,174

 Sales Trend – Analysis

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

-

-

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http://www.asiancredit.com/Manage/image/down_arrow_04.gif

http://www.asiancredit.com/Manage/image/up_arrow_04.gif

http://www.asiancredit.com/Manage/image/up_arrow_04.gif

http://www.asiancredit.com/Manage/image/up_arrow_04.gif

http://www.asiancredit.com/Manage/image/down_arrow_04.gif

http://www.asiancredit.com/Manage/image/down_arrow_04.gif

http://www.asiancredit.com/Manage/image/down_arrow_04.gif

 

 

FINANCIALS - SUMMARY (Currency: USD - US Dollar)

Year

Sales

Assets

Net Income

2005 Annual

7,718,516

4,423,526

1,003,678

2006 Annual

61,948,315

37,146,285

778,537

2007 Annual

59,862,709

29,460,629

1,062,627

2008 Annual

65,528,951

54,853,257

2,518,215

2009 Annual

93,090,699

63,010,447

3,195,906

2010 Annual

108,698,204

81,931,298

3,336,583

 

 

 

FINANCIAL STATEMENT - DETAILED

Balance Sheet

Currency

:

VND

Denomination

:

1

Financial Year Ending

:

December

Financial Highlights

2011 Annual

2012 Annual

2013 Annual

Current Assets(*)

1,267,571,000,000

1,861,683,000,000

1,249,692,257,787

Non Current Assets(*)

269,504,000,000

340,752,000,000

357,011,865,574

Non Current Liabilities(*)

3,467,000,000

10,764,000,000

15,768,449,571

Share Capital(*)

-

-

-

Total Reserves(*)

-

-

-

Other long term assets 

Total Assets(*)

1,537,075,000,000

2,202,435,000,000

1,606,704,123,361

Total Liabilities(*)

1,051,633,000,000

1,748,399,000,000

1,113,833,384,625

Current Liabilities(*)

1,048,166,000,000

1,737,635,000,000

1,098,064,935,054

Long term liabilities 

Shareholders Funds(*)

485,442,000,000

454,036,000,000

492,870,738,736

 

Current assets & short term investments

1,267,571,000,000

1,861,683,000,000

1,249,692,257,787

Cash & cash equivalents

66,065,000,000

68,992,000,000

56,330,773,298

Cash

66,065,000,000

68,992,000,000

56,330,773,298

Short term investments

2,539,000,000

450,000,000

-

Short term securities investments

2,539,000,000

2,172,000,000

1,722,490,475

Provision for short term investments

-

(1,722,000,000)

(1,722,490,475)

Accounts receivable

715,161,000,000

961,655,000,000

694,198,579,324

Accounts receivable trade

653,046,000,000

994,144,000,000

689,333,978,305

Trade prepayment

22,788,000,000

14,291,000,000

12,419,020,144

Inter company receivables

672,000,000

3,755,000,000

39,772,877,225

Others receivables

38,655,000,000

27,267,000,000

52,212,301,083

Provision for bad debts

-

(77,802,000,000)

(99,539,597,433)

I. Inventories

447,214,000,000

764,706,000,000

438,639,621,491

II. Inventories

447,214,000,000

773,996,000,000

448,211,676,110

Provision for decline in inventory

-

(9,290,000,000)

(9,572,054,619)

I. Other short term asset

36,592,000,000

65,880,000,000

60,523,283,674

Prepaid expenses

292,000,000

-

-

VAT deductible

30,945,000,000

58,547,000,000

53,220,650,268

Other tax receivables

4,787,000,000

6,695,000,000

6,695,183,337

II. Other short term asset

568,000,000

638,000,000

607,450,069

Long term assets

269,504,000,000

340,752,000,000

357,011,865,574

Accounts of long term receivable

97,465,000,000

97,465,000,000

97,465,382,423

Inter - company capital

37,500,000,000

37,500,000,000

37,500,000,000

Long term inter company receivables

59,965,000,000

59,965,000,000

59,965,382,423

Fixed assets

29,502,000,000

70,245,000,000

77,938,977,329

Tangible fixed assets

22,494,000,000

20,022,000,000

15,859,080,881

I. Cost

48,414,000,000

49,666,000,000

47,795,080,529

I. Accumulated depreciation

25,920,000,000

29,644,000,000

(31,935,999,648)

Intangible fixed assets

6,000,000

4,169,000,000

3,290,584,775

II. Cost

748,000,000

6,013,000,000

5,997,970,251

II. Accumulated depreciation

742,000,000

1,844,000,000

(2,707,385,476)

Construction in progress

7,002,000,000

46,054,000,000

58,789,311,673

Long term investments

138,686,000,000

172,173,000,000

181,141,257,102

Invest to subsidiary company

47,389,000,000

82,891,000,000

82,890,868,415

Invest to joint venture company

76,702,000,000

76,402,000,000

88,789,740,000

Other long term investments

14,595,000,000

14,596,000,000

15,439,430,000

Provision for long term investments

-

(1,716,000,000)

(5,978,781,313)

I. Other long term assets

3,851,000,000

869,000,000

466,248,720

Long term prepayments

3,818,000,000

836,000,000

432,996,313

II. Other long term assets

33,000,000

33,000,000

33,252,407

Total assets

1,537,075,000,000

2,202,435,000,000

1,606,704,123,361

Liabilities

1,051,633,000,000

1,748,399,000,000

1,113,833,384,625

Current liabilities

1,048,166,000,000

1,737,635,000,000

1,098,064,935,054

Short term borrowings

172,550,000,000

124,335,000,000

78,082,449,400

Accounts payables-trade

842,960,000,000

1,587,119,000,000

1,003,109,006,475

Advances from customers

28,386,000,000

15,900,000,000

14,149,359,212

Taxes and payable to state budget

2,480,000,000

5,891,000,000

5,858,015

Payable to employees

15,000,000

-

157,436,766

Accrued expenses payable

-

258,000,000

-

Other payables

1,775,000,000

4,132,000,000

2,560,825,186

Long term liabilities

3,467,000,000

10,764,000,000

15,768,449,571

Long term borrowings

-

10,764,000,000

15,768,449,571

Provision funds for unemployment

3,467,000,000

-

-

I. Owner's equity

485,442,000,000

454,036,000,000

492,870,738,736

II. Owner's equity

485,437,000,000

454,036,000,000

492,870,738,736

Business capital

353,188,000,000

472,050,000,000

480,651,058,881

Foreign exchange differences

(1,481,000,000)

-

-

Business development funds

82,530,000,000

6,139,000,000

10,022,519,242

Financial reserved funds

37,000,000

3,883,000,000

-

Retained earnings

40,206,000,000

(28,036,000,000)

657,564,061

Restructure funds

-

-

1,539,596,552

Capital investment sources

10,957,000,000

-

-

Budget sources

5,000,000

-

-

Bonus and welfare funds

5,000,000

-

-

Total resources

1,537,075,000,000

2,202,435,000,000

1,606,704,123,361

Note: (*)

Financial Highlights

Income Statement

Currency

:

VND

Denomination

:

1

Financial Year Ending

:

December

Financial Highlights

2011 Annual

2012 Annual

2013 Annual

Turnover(*)

1,908,493,000,000

1,743,438,000,000

1,746,898,602,520

Profit (Loss) Before Tax(*)

14,258,000,000

(13,549,000,000)

741,748,387

Profit After Tax attributable to Shareholders(*)

14,054,000,000

(13,549,000,000)

741,748,387

 

Gross sales

1,908,493,000,000

1,743,438,000,000

1,746,898,602,520

Less deductions

865,000,000

1,161,000,000

92,827,809

Net income

1,907,628,000,000

1,742,277,000,000

1,746,805,774,711

Cost of goods sold

1,784,743,000,000

1,652,037,000,000

1,666,594,271,380

Gross margin

122,885,000,000

90,240,000,000

80,211,503,331

Income from financial activities

149,007,000,000

26,055,000,000

70,337,411,854

Expenses from financial activities

161,279,000,000

34,188,000,000

43,303,087,731

In which: Interest expenses

45,221,000,000

19,574,000,000

9,007,505,615

Selling expenses

123,890,000,000

91,640,000,000

85,626,115,444

General & administration expenses

5,309,000,000

20,017,000,000

25,302,679,952

Net income from operating activities

(18,586,000,000)

(29,550,000,000)

(3,682,967,942)

Extraordinary income

35,599,000,000

21,836,000,000

8,448,809,653

Extraordinary expenses

2,755,000,000

5,835,000,000

4,024,093,324

Extraordinary gains

32,844,000,000

16,001,000,000

4,424,716,329

Net profit before tax

14,258,000,000

(13,549,000,000)

741,748,387

Income tax

204,000,000

-

-

Net profit after tax

14,054,000,000

(13,549,000,000)

741,748,387

Note: (*)

Financial Highlights

Financial Ratios

Financial Highlights

2011 Annual

2012 Annual

2013 Annual

Growth % 

Year-on-Year Growth

(9.91)

(8.65)

0.20

Profitability 

Profit Margin (%)

0.74

(0.78)

0.04

Return on Equity (%)

2.90

(2.98)

0.15

Return on Assets (%)

0.91

(0.62)

0.05

Leverage 

Total Debt Equity (Times)

2.17

3.85

2.26

Current Debt Equity (Times)

2.16

3.83

2.23

Long Term Debt to Equity

0.01

0.02

0.03

Total Asset To Total Equity

3.17

4.85

3.26

Asset Management 

Total Assets Turnover (Times)

1.24

0.79

1.09

Fixed Assets Turnover (Times)

7.08

5.12

4.89

Liquidity 

Current Ratio

1.21

1.07

1.14

Based on the corporate laws of Vietnam, legal entities which are Private Company with Limited Liability are not required to make public disclosure of their annual financials. Although basic financials were obtained for reference.

 

FOREIGN EXCHANGE RATES

 

Today's Exchange rate

:

1.00 VND
Vietnam Dong

=

0.000047 USD
United States Dollars

 

ADDITIONAL INFORMATION

 

Key Facts

Registered Legal Address

:

18-20 Nguyen Truong To Ward 12, District 4, Ho Chi Minh

Operational Address

:

18-20 Nguyen Truong To Ward 12, District 4, Ho Chi Minh

Trading Name

:

SAIGON PHARMACEUTICAL CO
SAPHARCO

Name History

:

Business Entity Name

Effective Date

HOCHIMINH CITY PHARMACEUTICAL CO

7 Jan, 1977

SAIGON PHARMACEUTICAL CO LTD

21 Dec, 2007

Issuing Authority

:

Dept. of Planning & Investment - Ho Chi Minh

License Number

:

0300523385

License Status

:

License exists - Normal.

Legal Form - Category

:

Private Company with Limited Liability

Legal Form

:

Company Limited

Legal Form - Abbreviation

:

CO LTD

Operational Status of Business

:

Normal

Date of Registration

:

17 Aug, 2010

Employees

:

500

 

 

 

 

Report Details

Country

:

Vietnam

Business Entity Name

:

SAIGON PHARMACEUTICAL CO LTD

Primary Business Activity

:

Manufacturer

Primary Industry

:

Medical Equipment & Pharmaceutical

Office Contact Details

Operating Address

:

18-20 Nguyen Truong To Ward 12, District 4, Ho Chi Minh

Tel

:

[+84] 8-39400388

Fax

:

[+84] 8-39401975

Email

:

contact@sapharco.com

Factory Contact Details

Address

:

6 Nguyen Hue St, District 1, Ho Chi Minh

Website Details

Website

:

http://www.sapharco.com

Status

:

Normal - operational

 

 Primary Products

Products / Materials / Services Description

Activity

Anti-diarrheals

Manufacturing, Exporting

Medical instruments

Manufacturing, Exporting

Medicines

Manufacturing, Exporting

Pharmaceutical

Manufacturing, Exporting

Pharmaceutical equipment

Manufacturing, Exporting

 

 

 

SIC PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description

Code

Activity

Drugs/Druggists' Sundries

5122

Manufacturing, Exporting

Medical/Dental Equip/Supplies

5047

Manufacturing, Exporting

Medicinals and botanicals

2833

Manufacturing, Exporting

Pharmaceutical preparations

2834

Manufacturing, Exporting

Surgical and medical instruments and apparatus, nspf

3841

Manufacturing, Exporting

 

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description

Code

Activity

Human blood; animal blood; antisera, vaccines

3002

Manufacturing, Exporting

Medical, surgical, dental or vet inst, no elec, part

9018

Manufacturing, Exporting

Medical, surgical, dental or veterinary furn

9402

Manufacturing, Exporting

Medicaments nesoi of mixtures, not dosage form

3003

Manufacturing, Exporting

Medicaments nesoi, mixed or not, in dosage form

3004

Manufacturing, Exporting

Other instruments and appliances used in medical, surgical, dental or veterinary sciences

9018908000

Manufacturing, Exporting

Pharmaceutical goods (specified sterile prod etc.)

3006

Manufacturing, Exporting

Pharmaceutical products

3000

Manufacturing, Exporting

DETAILED PRODUCT CLASSIFICATION & ACTIVITY

Products / Materials / Services Description

Ranking

Activity

Pharmaceutical products

Primary

Manufacturing, Exporting

Serums

Primary

Manufacturing, Exporting

Vaccines

Primary

Manufacturing, Exporting

 

 

 

 

 

 

CORE BUSINESS DESCRIPTION

Core Business

The primary business focus of SAIGON PHARMACEUTICAL CO LTD is Manufacturing - Finished products.

Key products include:

·         Medicines

·         Pharmaceutical

·         Pharmaceutical equipment

·         Pharmaceutical products

·         Serums

·         Vaccines

·         Anti-diarrheals

·         Medical instruments


An integral part of the core business includes:

·         Distribution

Supplementary Business

In addition to the core business, SAIGON PHARMACEUTICAL CO LTD also is engaged in the following areas of business:

1.     Exporting

·         Exporting - Finished products

2.     Importing

·         Importing - Raw materials

 

BANK DETAILS

Bank Name

:

ANZ BANK (VIETNAM) LTD

Global Identifier

:

P1310499

Branch

:

District 1,Ho Chi Minh

Branch Address

:

ANZ BANK (VIETNAM) LTD - HO CHI MINH

SWIFT Code

:

This bank does not have a SWIFT Code

 

Bank Name

:

HSBC BANK (VIETNAM) LTD

Global Identifier

:

32403760

Branch

:

District 1,Ho Chi Minh

Branch Address

:

HSBC BANK (VIETNAM) LTD - HO CHI MINH

SWIFT Code

:

HSBCVNVX

 

Bank Name

:

JOINT STOCK COMMERCIAL BANK FOR INVESTMENT & DEVELOPMENT OF VIETNAM

Global Identifier

:

32400483

Branch

:

Hoan Kiem Dist,Hanoi

Branch Address

:

194 Tran Quang Khai Hoan Kiem Dist Hanoi (Head Office)

SWIFT Code

:

BIDVVNVX

 

Bank Name

:

MILITARY COMMERCIAL JOINT STOCK BANK

Global Identifier

:

P0387295

Branch

:

Dong Da,Hanoi

Branch Address

:

21 Cat Linh Cat Linh Ward Dong Da Hanoi (Head Office)

SWIFT Code

:

MSCBVNVX

 

Bank Name

:

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK

Global Identifier

:

P0388625

Branch

:

District 3,Ho Chi Minh

Branch Address

:

HOA VIET

SWIFT Code

:

SGTTVNVX

 

Bank Name

:

VIETNAM EXPORT IMPORT COMMERCIAL JOINT STOCK BANK

Global Identifier

:

32408823

Branch

:

District 1,Ho Chi Minh

Branch Address

:

District 1Ho Chi Minh

SWIFT Code

:

EBVIVNVX

 

#

Account Number

1

012A.00077

 

2

710A.00077

 

 

LOCAL BRANCHES & MANAGEMENT

Branch

:

SAIGON PHARMACEUTICAL CO LTD - DISTRICT 1, HO CHI MINH

Branch Address

:

195 Dong Khoi St, District 1, Ho Chi Minh

Branch Tel

:

84-8-8290577

Branch Management

Name

Job Description

Nationality

Mr. Xuan Lap Nguyen

Managing Director

Vietnamese

 

Branch

:

SAIGON PHARMACEUTICAL CO LTD - DISTRICT 1, HO CHI MINH

Branch Address

:

156 Pasteur, District 1, Ho Chi Minh

Branch Tel

:

84-8-8223737

 

Branch

:

SAIGON PHARMACEUTICAL CO LTD - DISTRICT 1, HO CHI MINH

Branch Address

:

81 Nguyen Hue, District 1, Ho Chi Minh

Branch Tel

:

84-8-8293058

 

Branch

:

SAIGON PHARMACEUTICAL CO LTD - BINH THANH, HO CHI MINH

Branch Address

:

72 Bach Dang Ward 24, Binh Thanh, Ho Chi Minh

Branch Tel

:

84-8-8990942

 

Branch

:

SAIGON PHARMACEUTICAL CO LTD - DISTRICT 5, HO CHI MINH

Branch Address

:

83 Hai Thuong Lan Ong St Ward 10, District 5, Ho Chi Minh

Branch Tel

:

84-8-8555450

 

Branch

:

SAIGON PHARMACEUTICAL CO LTD - DISTRICT 5, HO CHI MINH

Branch Address

:

42 Tran Xuan Hoa St Ward 7, District 5, Ho Chi Minh

Branch Tel

:

84-8-8555214

 

Branch

:

SAIGON PHARMACEUTICAL CO LTD - DISTRICT 1, HO CHI MINH

Branch Address

:

133 Tran Quang Khai St Tan Dinh Ward, District 1, Ho Chi Minh

Branch Tel

:

84-8-8484056

Primary use of location

:

#1. Retail outlet

 

Branch

:

SAIGON PHARMACEUTICAL CO LTD - DISTRICT 5, HO CHI MINH

Branch Address

:

54-58 Trieu Quang Phuc St Ward 10, District 5, Ho Chi Minh

Branch Tel

:

84-8-8554457

 

Branch

:

SAIGON PHARMACEUTICAL CO LTD - PHU NHUAN, HO CHI MINH

Branch Address

:

257 Le Van Sy Ward 14, Phu Nhuan, Ho Chi Minh

Branch Tel

:

84-8-8445775

 

Branch

:

SAIGON PHARMACEUTICAL CO LTD - PHU NHUAN, HO CHI MINH

Branch Address

:

81-83 Phan Dinh Phung St Ward 17, Phu Nhuan, Ho Chi Minh

Branch Tel

:

84-8-8443030

 

Branch

:

SAIGON PHARMACEUTICAL CO LTD - DISTRICT 6, HO CHI MINH

Branch Address

:

80 Thap Muoi St Ward 2, District 6, Ho Chi Minh

Branch Tel

:

84-8-9692916

 

Branch

:

SAIGON PHARMACEUTICAL CO LTD - DISTRICT 7, HO CHI MINH

Branch Address

:

14 Plot 1 Tan Thuan Tay Ward, District 7, Ho Chi Minh

Branch Tel

:

84-8-8724207

 

Branch

:

SAIGON PHARMACEUTICAL CO LTD - BINH THANH, HO CHI MINH

Branch Address

:

192 Kinh Duong Vuong St An Lac Ward, Binh Thanh, Ho Chi Minh

Branch Tel

:

84-8-8750405

 

Branch

:

SAIGON PHARMACEUTICAL CO LTD - HOC MON, HO CHI MINH

Branch Address

:

90G Hau Lan Group Ba Diem Village, Hoc Mon, Ho Chi Minh

Branch Tel

:

84-8-7182594

 

Branch

:

SAIGON PHARMACEUTICAL CO LTD - HO CHI MINH

Branch Address

:

206 KP1 Dang Van Bi St Binh Tho Ward Ward Tan Dinh Ward, Ho Chi Minh

Branch Tel

:

84-8-966581

 

Branch

:

SAIGON PHARMACEUTICAL CO LTD - GO VAP, HO CHI MINH

Branch Address

:

218 Nguyen Van Nghi St Ward 7, Go Vap, Ho Chi Minh

Branch Tel

:

84-8-8943838

Primary use of location

:

#1. Retail outlet

 

Branch

:

SAIGON PHARMACEUTICAL CO LTD - DONG DA, HANOI

Branch Address

:

1 Lane 117 Thai Ha St, Dong Da, Hanoi

Branch Tel

:

84-4-8574812

Branch Fax

:

84-4-8570745

 

Branch

:

SAIGON PHARMACEUTICAL CO LTD - DISTRICT 7, HO CHI MINH

Branch Address

:

14 Lot 1 Cu Xa Ngan hang Tran Xuan Soan St, District 7, Ho Chi Minh

 

Branch

:

SAIGON PHARMACEUTICAL CO LTD - BINH TAN DIST, HO CHI MINH

Branch Address

:

382A Kinh Duong Vuong St KP2 An Lac A Ward, Binh Tan Dist, Ho Chi Minh

 

Branch

:

SAIGON PHARMACEUTICAL CO LTD - HOC MON, HO CHI MINH

Branch Address

:

B7-Khu B, B2 Rd Xuan Thoi Son Commune, Hoc Mon, Ho Chi Minh

 

Branch

:

SAIGON PHARMACEUTICAL CO LTD - CU CHI, HO CHI MINH

Branch Address

:

176A KP2 Cu Chi Town, Cu Chi, Ho Chi Minh

 

Branch

:

SAIGON PHARMACEUTICAL CO LTD - DISTRICT 1, HO CHI MINH

Branch Address

:

38 Dang Tat St Tan Dinh Ward, District 1, Ho Chi Minh

 

Branch

:

SAIGON PHARMACEUTICAL CO LTD - DISTRICT 5, HO CHI MINH

Branch Address

:

41 Tran Hung Dao B St Ward 6, District 5, Ho Chi Minh

 

Branch

:

SAIGON PHARMACEUTICAL CO LTD - DISTRICT 11, HO CHI MINH

Branch Address

:

940 Ba Thang Hai St Ward 15, District 11, Ho Chi Minh

 

Branch

:

SAIGON PHARMACEUTICAL CO LTD - DISTRICT 10, HO CHI MINH

Branch Address

:

134/1 To Hien Thanh St Ward 15, District 10, Ho Chi Minh

 

Branch

:

SAIGON PHARMACEUTICAL CO LTD - DONG DA, HANOI

Branch Address

:

65 Alley 1/178 Thai Ha St Trung Liet Ward, Dong Da, Hanoi

 

Branch

:

SAIGON PHARMACEUTICAL CO LTD - HAI CHAU DIST, DA NANG

Branch Address

:

115 Ngo Gia Tu St, Hai Chau Dist, Da Nang

 

Branch

:

SAIGON PHARMACEUTICAL CO LTD - GO VAP, HO CHI MINH

Branch Address

:

2/5 Thong Nhat St Ward 10, Go Vap, Ho Chi Minh

 

Branch

:

SAIGON PHARMACEUTICAL CO LTD - GO VAP, HO CHI MINH

Branch Address

:

108 Nguyen Van Nghi St Ward 5, Go Vap, Ho Chi Minh

 

Branch

:

SAIGON PHARMACEUTICAL CO LTD - DISTRICT 6, HO CHI MINH

Branch Address

:

281 Hau Giang St Ward 5, District 6, Ho Chi Minh

 

Branch

:

SAIGON PHARMACEUTICAL CO LTD - PHU NHUAN, HO CHI MINH

Branch Address

:

152 Phan Dinh Phung St Ward 2, Phu Nhuan, Ho Chi Minh

Primary use of location

:

#1. Retail outlet

 

Branch

:

SAIGON PHARMACEUTICAL CO LTD - PHU NHUAN, HO CHI MINH

Branch Address

:

201 Phan Dang Luu St Ward 1, Phu Nhuan, Ho Chi Minh

Primary use of location

:

#1. Retail outlet

 

Branch

:

SAIGON PHARMACEUTICAL CO LTD - GO VAP, HO CHI MINH

Branch Address

:

19 Nguyen Oanh St Ward 10, Go Vap, Ho Chi Minh

Primary use of location

:

#1. Retail outlet

 

Branch

:

SAIGON PHARMACEUTICAL CO LTD - PHU NHUAN, HO CHI MINH

Branch Address

:

33 Thich Quang Duc St Ward 4, Phu Nhuan, Ho Chi Minh

Primary use of location

:

#1. Retail outlet

 

Branch

:

SAIGON PHARMACEUTICAL CO LTD - DISTRICT 3, HO CHI MINH

Branch Address

:

114-116 Tran Quoc Thao St Ward 7, District 3, Ho Chi Minh

Primary use of location

:

#1. Retail outlet

 

Branch

:

SAIGON PHARMACEUTICAL CO LTD - BINH TAN DIST, HO CHI MINH

Branch Address

:

C8/12T KP3 Tan Tao Ward, Binh Tan Dist, Ho Chi Minh

 

Branch

:

SAIGON PHARMACEUTICAL CO LTD - BINH CHANH, HO CHI MINH

Branch Address

:

E9/3 Nguyen Huu Tri St Tan Tuc Town, Binh Chanh, Ho Chi Minh

Primary use of location

:

#1. Retail outlet

 

Branch

:

SAIGON PHARMACEUTICAL CO LTD - DISTRICT 8, HO CHI MINH

Branch Address

:

82 Cao Lo St Ward 4, District 8, Ho Chi Minh

Primary use of location

:

#1. Retail outlet

 

COMPETITORS

The following is a representative list of local competitors:

Business Entity Name

Global Identifier

BINH NGUYEN PHARMACEUTICAL CO LTD

P0074835

CENTRAL PHARMACEUTICAL COMPANY NO 1

P0019297

CENTRAL PHARMACEUTICAL CO NO 2

P0173728

CENTRAL PHARMACEUTICAL ENTERPRISE NO 24

32404951

CENTRAL PHARMACEUTICAL FACTORY NO 26

32401108

PHARMACEUTICAL ENTERPRISE NO 150

32405646

VIRBAC

P1158543

 

OFFICE & FACILITIES

The following information relates to the Business Entity's office as listed above:

Name

:

SAIGON PHARMACEUTICAL CO LTD - DISTRICT 4, HO CHI MINH

Primary Use

:

Office & Administration facilities

Address

:

18-20 Nguyen Truong To Ward 12, District 4, Ho Chi Minh

Country

:

Vietnam

Status

:

Operational

 

FACTORIES, SIZE, & LOCATIONS

The following information relates to the Business Entity's factory as listed above:

Address

:

6 Nguyen Hue St, District 1, Ho Chi Minh

 

COMPANY HISTORY

Date

Details

1977 - Jan

Established as a state owned enterprise.

2010 - Aug

Changed legal form to private limited company.

 

 

 

 

 

 

 

 

 

 

PREVIOUS BUSINESS LICENSE/S

License Date

License No.

7 Jan, 1977

12/ QD-UB

24 Mar, 1993

130/QD-UB

27 Mar, 1993

102483

21 Dec, 2007

4106000356

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.58

UK Pound

1

Rs.99.98

Euro

1

Rs.79.39

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.