MIRA INFORM REPORT

 

 

Report Date :

23.07.2014

 

IDENTIFICATION DETAILS

 

Name :

SAI GON PLANT PROTECTION JSC

 

 

Registered Office :

Hamlet 1 Nguyen Van Quy St Tan Thuan Dong Ward, District 7, Ho Chi Minh

 

 

Country :

Vietnam

 

 

Financials (as on) :

2013

 

 

Date of Incorporation :

28.06.2010

 

 

Legal Form :

Public Listed Company

 

 

Line of Business :

Manufacturer of Chemicals

 

 

No. of Employees

460

 

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 31, 2014

 

Country Name

Previous Rating

(31.12.2013)

Current Rating

(31.03.2014)

Vietnam

B1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderate Low Risk

 

B1

Moderate Risk

 

B2

Moderate High Risk

 

C1

High Risk

 

C2

Very High Risk

 

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

 

 

 

Company name and address

 

Company Details

Organization Name

:

SAI GON PLANT PROTECTION JSC

Address

:

Hamlet 1 Nguyen Van Quy St Tan Thuan Dong Ward, District 7, Ho Chi Minh

Country

:

Vietnam

Phone (S)

:

[+84] 8-38733666

Facsimile

:

[+84] 8-38733391

Email

:

spchcmcsvn@hcm.vnn.vn

Website

:

http://www.spchcmc.com.vn

Primary Business Activity

:

Manufacturer

Key Industry

:

Chemicals

 

 

DIRECTORS/MANAGEMENT

 

COMPANY MANAGEMENT

Management Listings

 

Name

Nationality

Job Description

Dept. / Division

1

Mr. Ha Quoc Cuong

Vietnamese

Vice Director

-

2

Mr. Nguyen Quoc Dung

Vietnamese

Vice Director

-

3

Ms. Nguyen Thi Hong Anh

Vietnamese

Managing Director

-

4

Ms. Nguyen Ngoc Bich

Vietnamese

Vice Director

-

Management Details - 1

Personal Unique Identifier

:

MI03392303

Name

:

Mr. Ha Quoc Cuong

 

Date of Birth

:

25 Sep, 1962

Identification Number(s)

      National ID No

:

020490533

Registered address

:

40/60/26 Nguyen Khoai St Ward 2 District 5 Ho Chi Minh

Country of Residence

:

Vietnam

Country

University / College name

Qualification

Major

Vietnam

n/a

Bachelor's Degree

Business Administration

Management Details - 2

Personal Unique Identifier

:

MI03390414

Name

:

Mr. Nguyen Quoc Dung

 

Date of Birth

:

18 Nov, 1967

Identification Number(s)

      National ID No

:

021572919

Management Details - 3

Personal Unique Identifier

:

MI03390379

Name

:

Ms. Nguyen Thi Hong Anh

 

Date of Birth

:

9 Mar, 1962

Identification Number(s)

      National ID No

:

023180867

Registered address

:

333/32 Dinh Bo Linh Ward 26 Binh Thanh Ho Chi Minh

Country of Residence

:

Vietnam

Management Details - 4

Personal Unique Identifier

:

MI03741848

Name

:

Ms. Nguyen Ngoc Bich

 

Date of Birth

:

7 Sep, 1966

Identification Number(s)

      National ID No

:

022416616

 

COMPANY DIRECTORS

1

 

 

Personal Unique Identifier

:

MI03392303

Name

:

Mr. Ha Quoc Cuong

Date of Birth

:

25 Sep, 1962

Identification Number(s)

National ID No

:

020490533

Registered Address

:

40/60/26 Nguyen Khoai St Ward 2, District 5, Ho Chi Minh

Country of Residence

:

Vietnam

 

Country

University / College name

Qualification

Major

Vietnam

n/a

Bachelor's Degree

Business Administration

 

2

 

 

Personal Unique Identifier

:

MI03390379

Name

:

Ms. Nguyen Thi Hong Anh

Date of Birth

:

9 Mar, 1962

Identification Number(s)

National ID No

:

023180867

Registered Address

:

333/32 Dinh Bo Linh Ward 26 ,Binh Thanh ,Ho Chi Minh

Country of Residence

:

Vietnam

 

 

NEGATIVE INFORMATION

 

REPUTATION

Reference checking for the purpose of establishing SAI GON PLANT PROTECTION JSC'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$ 4,967,286

 

CAPITAL (Currency: VND - Vietnam Dong)

Share Value

:

₫ 10,000

Authorized Capital

:

₫ 105,300,000,000

Paid-up Capital

:

₫ 105,300,000,000

Date

Authorized Capital - History

2008

81,000,000,000

2011

105,300,000,000

 

SHAREHOLDERS

Total number of shareholders

:

Public shareholding traded via Stock Exchange

Total number of shares

:

10,530,000

 

Currency

:

VND - Vietnam Dong

 

No.

Shareholders

Country

Shares

Number

Amount (VND)

%

1

SAIGON AGRICULTURE INC

Vietnam

6,247,449

62,474,490,000

59.33

2

Public shareholding traded via Stock Exchange

n/a

4,282,551

42,825,510,000

40.67

Total

10,530,000

105,300,000,000

100.00

 

 

 

 

PAYMENT INFORMATION

 

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

Year

Imports

Exports

Total

2011

n/a

15,059,875

15,059,875

2012

n/a

14,862,937

14,862,937

2013

n/a

16,514,196

16,514,196

 

DOMESTIC SALES & PURCHASES

Annual Sales Analysis

Percentage

Domestic Sales

60%

International Sales (Export)

40%

Annual Purchases Analysis

Percentage

Local Purchases

70%

Imports

30%

 

PAYMENT TERMS

Selling

Type

Terms

Local

Cash on delivery (COD)

Credit - Secured with Post-dated checks 30~60 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 - Secured with Post-dated checks 30~60 days

Import

Letter of Credit (At-sight)

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

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

DIRECT / INDIRECT CORPORATE PARENT DETAILS

Direct Parent

:

SAIGON AGRICULTURE INC

Global Identifier

:

P0024998

Legal Form Category

:

Government-owned Enterprise

Country

:

Vietnam

Operational Address

:

176 Hai Ba Trung St District 5 Ho Chi Minh

Primary Business Activity

:

Manufacturer

 

RELATED PARTIES (Subsidiaries, Joint-ventures & Affiliates)

 

The following provides a summary of the number of businesses that are related to SAI GON PLANT PROTECTION JSC:

 

TYPE

DOMESTIC

INTERNATIONAL

TOTAL

Africa

Asia / Pacific

Europe

Middle-East

North America

South America

TOTAL

Subsidiaries

-

-

2

-

-

-

-

2

Joint-Ventures

-

-

-

-

-

-

-

-

Minority shareholdings

3

-

-

-

-

-

-

-

Affiliates

-

-

-

-

-

-

-

-

Liaison / Representative Offices

-

-

-

-

-

-

-

-

 

Domestic

 

Business Entity Name

:

LONG AN TOURISM JSC

Global Identifier

:

P2670040

Country

:

Vietnam

Relationship

:

Minority shareholding

Primary Business Activity

:

Trader

Industry

:

Chemicals

 

 

 

Business Entity Name

:

MEKONG RIVER AGRICULTURAL - COMMERCIAL JSC

Global Identifier

:

P2670043

Country

:

Vietnam

Relationship

:

Minority shareholding

Primary Business Activity

:

Trader

Industry

:

Chemicals

 

 

 

Business Entity Name

:

MOC HOA TRADING JSC

Global Identifier

:

P2670028

Country

:

Vietnam

Relationship

:

Minority shareholding

Primary Business Activity

:

Trader

Industry

:

Chemicals

 

 

 

International

 

Business Entity Name

:

SAIGON PLANT PROTECTION CO LTD

Global Identifier

:

P2673771

Country

:

Laos

Relationship

:

Subsidiary

Primary Business Activity

:

Trader

Industry

:

Chemicals

 

 

 

Business Entity Name

:

SAIGON PLANT PROTECTION JSC

Global Identifier

:

P2630984

Country

:

Cambodia

Relationship

:

Subsidiary

Operational Address

:

225GB Vitiealay St, Phnom Penh 12110

Primary Business Activity

:

Trader

Industry

:

Chemicals

 

 

 

FINANCIAL INFORMATION

 

 Financials - Summary  (Currency: USD - US Dollar)

Year

Sales

Assets

Net Income

2011 Annual  

40,283,756

23,499,465

1,155,266

2012 Annual  

37,157,331

23,041,373

668,099

2013 Annual  

41,285,490

24,488,360

945,993

 

Sales Trend – Analysis

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

-

-

-

-

-

 

Missing Financials

Reasons

2014, 2nd Qtr

Reason unknown.

 

FINANCIALS - SUMMARY (Currency: USD - US Dollar)

Year

Sales

Assets

Net Income

2008 Annual

18,389,879

29,032,293

412,489

2009 Annual

44,935,930

26,412,226

887,192

2010 Annual

40,238,199

25,749,907

757,143

 

 

FINANCIAL STATEMENT - DETAILED

Balance Sheet

Currency

:

VND

Denomination

:

1

Financial Year Ending

:

December

Financial Highlights

2011 Annual

2012 Annual

2013 Annual

Current Assets(*)

369,846,927,654

365,540,899,158

426,175,046,418

Non Current Assets(*)

119,646,929,391

114,287,854,264

90,237,701,138

Non Current Liabilities(*)

18,410,098,595

14,906,078,355

15,914,274,141

Share Capital(*)

105,300,000,000

105,300,000,000

105,300,000,000

Other long term assets 

Total Assets(*)

489,493,857,045

479,828,753,422

516,412,747,556

Total Liabilities(*)

352,839,357,133

346,251,329,666

372,385,967,430

Current Liabilities(*)

334,429,258,538

331,345,251,311

356,471,693,289

Long term liabilities 

Shareholders Funds(*)

136,654,499,912

133,577,423,756

144,026,780,126

 

Current Assets

369,846,927,654

365,540,899,158

426,175,046,418

Cash and cash equivalents

5,998,839,830

12,390,387,544

12,576,664,109

Cash

5,998,839,830

12,390,387,544

12,576,664,109

Accounts receivable

169,353,338,738

139,353,205,496

182,412,660,274

Receivables from customers

136,730,553,150

121,186,668,628

181,149,431,364

Advanced payments to suppliers

3,453,662,181

915,417,898

534,468,810

Other receivables

30,978,229,314

29,953,068,265

30,070,121,250

Allowance for incollectible anccounts

(1,809,105,907)

(12,701,949,295)

(29,341,361,150)

I. Inventory

177,469,617,375

192,204,736,438

208,077,955,753

II. Inventory

179,650,296,777

198,531,224,960

215,461,101,002

Allowance for inventories

(2,180,679,402)

(6,326,488,522)

(7,383,145,249)

I. Other current assets

17,025,131,711

21,592,569,680

23,107,766,282

Short-term prepaid expenses

181,134,830

142,802,729

706,799,948

Deductible VAT

6,253,357,775

9,677,068,167

8,100,788,230

Taxes and receivables from the State

161,253,174

286,214,584

772,830,111

II. Other current assets

10,429,385,932

11,486,484,200

13,527,347,993

I. Fixed Assets

119,646,929,391

114,287,854,264

90,237,701,138

Long-term receivables

-

2,336,549,513

2,337,517,652

Other long-term receivables

-

2,336,549,513

2,337,517,652

II. Fixed Assets

79,074,273,664

68,981,859,603

47,014,122,878

Tangible fixed assets

57,826,754,844

57,839,296,199

41,175,278,706

I. Historical cost

138,103,440,982

151,853,910,112

145,858,875,399

Accumulated Depreciation

(80,276,686,138)

(94,014,613,913)

(104,683,596,693)

Finance lease assets

-

-

532,177,189

II. Historical cost

-

-

608,202,502

Accumulated Depreciation of Finance lease

-

-

(76,025,313)

Intangible fixed assets

1,657,111,202

3,669,678,608

3,239,116,060

III. Historical cost

2,428,701,350

4,628,971,250

4,142,451,250

Accumulated Amortization

(771,590,148)

(959,292,642)

(903,335,190)

Construction in progress

19,590,407,618

7,472,884,796

2,067,550,923

Investment property

-

4,685,421,766

4,542,440,264

IV. Historical cost

-

5,179,665,937

5,353,287,606

Accumulated Depreciation of Investment property

-

(494,244,171)

(810,847,342)

Long-term financial investments

12,751,046,886

12,558,468,690

12,534,840,530

Investment in Subsidiaries

11,106,087,199

12,224,484,782

12,293,101,263

Other Long-term Investments

3,134,865,603

1,837,670,000

1,837,670,000

Allowance for Long-term Investments

(1,489,905,916)

(1,503,686,092)

(1,595,930,733)

Others

27,821,608,841

25,725,554,692

23,808,779,814

Long-term Prepaid Expenses

27,372,827,638

24,694,333,346

23,366,353,819

Deferred Tax Assets

448,781,203

881,221,346

295,624,995

Other long-term assets

-

150,000,000

146,801,000

Total Assets

489,493,857,045

479,828,753,422

516,412,747,556

Resources 

Liabilities

352,839,357,133

346,251,329,667

372,385,967,430

Current liabilities

334,429,258,538

331,345,251,312

356,471,693,289

Short Term Borrowing

88,662,943,008

89,539,692,369

69,735,063,864

Accounts Payable

213,331,665,279

207,089,385,273

259,676,613,481

Advanced payments from buyers

271,286,145

2,555,146,880

673,936,416

Tax Payables & Payables to Government

5,740,668,714

5,696,915,149

3,828,781,367

Employee Payables

6,415,504,353

7,470,491,474

12,563,322,031

Accrual Expenses/ Expense Payables

3,584,727,038

2,334,386,848

71,685,583

Other Payables

19,305,473,843

19,425,091,860

13,151,905,038

Bonus and welfare fund

(2,883,009,842)

(2,765,858,541)

(3,229,614,491)

Long-term liabilities

18,410,098,595

14,906,078,355

15,914,274,141

Other long-term payables

7,250,754,000

6,345,754,000

5,898,254,000

Long-term borrowing and debt

11,159,344,595

8,560,324,355

3,885,532,318

Deferred Tax Liabilities

-

-

5,330,487,823

Unrealized revenue

-

-

800,000,000

Owners' Equity

136,654,499,912

133,577,423,755

144,026,780,126

Business capital

105,300,000,000

105,300,000,000

105,300,000,000

Share premium

782,715,818

782,715,818

782,715,818

Foreign exchange differences

7,363,888,758

7,774,711,832

7,977,774,315

Investment & Development Fund

6,665,751,557

8,761,352,861

9,293,795,248

Finance Reserve Fund

1,686,929,810

2,794,544,947

3,326,987,334

Retained earnings

14,855,213,969

8,164,098,297

17,345,507,411

Total Resources

489,493,857,045

479,828,753,422

516,412,747,556

Note: (*)

Financial Highlights

Income Statement

Currency

:

VND

Denomination

:

1

Financial Year Ending

:

December

Financial Highlights

2011 Annual

2012 Annual

2013 Annual

Turnover(*)

839,110,644,671

773,788,790,732

870,632,122,999

Profit (Loss) Before Tax(*)

29,946,170,019

19,089,502,364

31,272,440,510

Profit After Tax attributable to Shareholders(*)

24,064,181,776

13,912,938,667

19,949,175,438

 

Gross sales of merchandise and services

839,110,644,671

773,788,790,732

870,632,122,999

Deduction

22,908,501,806

21,722,578,613

13,827,470,947

Net sales of merchandise and services

816,202,142,865

752,066,212,119

856,804,652,052

Cost of goods sold

608,387,703,168

587,096,829,686

651,161,029,413

Gross profit from sale of merchandise and services

207,814,439,697

164,969,382,433

205,643,622,639

Financial income

3,683,669,156

5,009,808,944

1,872,400,632

Financial expenses

45,249,150,454

16,681,738,857

13,931,361,083

Interest expenses

11,048,334,403

11,200,764,753

6,931,900,428

Selling expenses

126,943,847,765

112,299,579,030

116,399,912,585

General and administration expenses

27,146,950,192

34,274,226,724

39,686,442,330

Operating profit (loss)

12,158,160,442

6,723,646,766

37,498,307,273

Other income

19,348,896,421

16,454,937,479

10,650,101,448

Other expenses

3,093,464,146

5,694,707,964

18,236,742,222

Profit (loss) from other activities

16,255,432,275

10,760,229,515

(7,586,640,774)

Associate company

1,532,577,302

1,605,626,083

1,360,774,011

Accounting profit (loss) before tax

29,946,170,019

19,089,502,364

31,272,440,510

Income tax payable

6,330,769,446

5,609,003,840

5,407,180,898

Deferred income tax

(448,781,203)

(432,440,143)

5,916,084,174

Net profit (loss) after tax

24,064,181,776

13,912,938,667

19,949,175,438

Earning per share

2,285

1,321

1,895

Note: (*)

Financial Highlights

Financial Ratios

Financial Highlights

2011 Annual

2012 Annual

2013 Annual

Growth % 

Year-on-Year Growth

7.00

(7.78)

12.52

Profitability 

Profit Margin (%)

2.87

1.80

2.29

Return on Equity (%)

17.61

10.42

13.85

Return on Assets (%)

4.92

2.90

3.86

Leverage 

Total Debt Equity (Times)

2.58

2.59

2.59

Current Debt Equity (Times)

2.45

2.48

2.48

Long Term Debt to Equity

0.13

0.11

0.11

Total Asset To Total Equity

3.58

3.59

3.59

Asset Management 

Total Assets Turnover (Times)

1.71

1.61

1.69

Fixed Assets Turnover (Times)

7.01

6.77

9.65

Liquidity 

Current Ratio

1.11

1.10

1.20

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

:

Quarter 1 Nguyen Van Quy St Tan Thuan Dong Ward, District 7, Ho Chi Minh

Operational Address

:

Hamlet 1 Nguyen Van Quy St Tan Thuan Dong Ward, District 7, Ho Chi Minh

Name History

:

Business Entity Name

Effective Date

SAIGON PESTICIDE CO

17 May, 1989

SAIGON PLANT PROTECTION STATE LTD CO

9 Jul, 2004

SAI GON PLANT PROTECTION JSC

14 Jun, 2008

Issuing Authority

:

Dept. of Planning & Investment - Ho Chi Minh

License Number

:

0300632232

License Status

:

License exists - Normal.

Legal Form - Category

:

Public Listed Company

Legal Form

:

Joint Stock Company

Legal Form - Abbreviation

:

JSC

Operational Status of Business

:

Normal

Date of Registration

:

28 Jun, 2010

Employees

:

460

 

Report Details

Country

:

Vietnam

Business Entity Name

:

SAI GON PLANT PROTECTION JSC

Acronym

:

SPC

Primary Business Activity

:

Manufacturer

Primary Industry

:

Chemicals

Office Contact Details

Operating Address

:

Hamlet 1 Nguyen Van Quy St Tan Thuan Dong Ward, District 7, Ho Chi Minh

Tel

:

[+84] 8-38733666

 

:

[+84] 8-38731149

Fax

:

[+84] 8-38733391

 

:

[+84] 8-38733003

Email

:

spchcmcsvn@hcm.vnn.vn
spchcmc@hcm.vnn.vn

Factory Contact Details

Address

:

Hiep Phuoc Industrial Zone Lot C1-C3 Hiep Phuoc Commune, Nha Be, Ho Chi Minh

Tel

:

[+84] 8-38734089

Fax

:

[+84] 8-38734090

Website Details

Website

:

http://www.spchcmc.com.vn

Status

:

Normal - operational

Country of Registration

:

Vietnam

Ownership Type

:

Registered ownership by Subject Business Entity

Tax / VAT Details

Tax Issuing Authority

:

Ministry of Finance

Local Name Used

:

Gia Trj Gia Tang (Value Added Tax)

Acronym

:

GTGT / VAT

GTGT / VAT Number

:

0300632232

 

 Primary Products

Products / Materials / Services Description

Activity

Agricultural chemicals

Manufacturing, Exporting

Fertilizers

Manufacturing, Exporting

Fungicides

Manufacturing, Exporting

Herbicide

Manufacturing, Exporting

Insecticides

Manufacturing, Exporting

 

SIC PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description

Code

Activity

Agricultural pesticides and other agricultural chemicals, nspf

2879

Manufacturing, Exporting

Chemical preparations, nspf

2899

Manufacturing, Exporting

Chemicals and Allied Products

2800

Manufacturing, Exporting

Chemicals and fertilizer minerals

1479

Manufacturing, Exporting

 

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description

Code

Activity

Chemical products and preparations of the chemical or allied industries

3823905050

Manufacturing, Exporting

Fertilizers

3100

Manufacturing, Exporting

Fungicides

3808200000

Manufacturing, Exporting

Herbicides

2934901500

Manufacturing, Exporting

Insecticides

3808105000

Manufacturing, Exporting

Insecticides, rodenticides; fungicides etc, retail

3808

Manufacturing, Exporting

Miscellaneous chemical products

3800

Manufacturing, Exporting

Pesticides

2909303000

Manufacturing, Exporting

 

DETAILED PRODUCT CLASSIFICATION & ACTIVITY

Products / Materials / Services Description

Ranking

Activity

Pesticides

Primary

Manufacturing, Exporting

 

 

 

 

CORE BUSINESS DESCRIPTION

Core Business

The primary business focus of SAI GON PLANT PROTECTION JSC is Manufacturing - Finished products.

Key products include:

Agricultural chemicals

Fertilizers

Fungicides

Herbicide

Insecticides

Pesticides


An integral part of the core business includes:

Distribution

Supplementary Business

In addition to the core business, SAI GON PLANT PROTECTION JSC also is engaged in the following areas of business:

Exporting

Exporting - Finished products

Importing

Importing - Raw materials

 

STOCK EXCHANGE LISTING DETAILS

Country

:

Vietnam

Name of Stock Exchange

:

Name

Acronym

HANOI STOCK EXCHANGE

HNX

Stock Symbol / No.

:

SPC

Date of listing

:

9 Sep, 2010

 

BANK DETAILS

Bank Name

:

HSBC BANK (VIETNAM) LTD

Global Identifier

:

32403760

Branch

:

District 1,Ho Chi Minh

Branch Address

:

Metropolitan 235 Dong Khoi Ben Nghe Ward District 1 Ho Chi Minh (Head Office)

SWIFT Code

:

HSBCVNVX

 

Bank Name

:

JOINT STOCK COMMERCIAL BANK FOR FOREIGN TRADE OF VIETNAM

Global Identifier

:

32400479

Branch

:

Hoan Kiem,Hanoi

Branch Address

:

Ha Noi

SWIFT Code

:

BFTVVNVX

 

Bank Name

:

VIETNAM BANK FOR AGRICULTURE & RURAL DEVELOPMENT

Global Identifier

:

32408794

Branch

:

Tu Liem,Hanoi

Branch Address

:

VIETNAM BANK FOR AGRICULTURE

SWIFT Code

:

VBAAVNVX

 

Bank Name

:

VIETNAM JOINT STOCK COMMERCIAL BANK FOR INDUSTRY & TRADE

Global Identifier

:

32404058

Branch

:

Hoan Kiem Dist,Hanoi

Branch Address

:

Hoan Kiem DistHanoi

SWIFT Code

:

ICBVVNVX

 

 

LOCAL BRANCHES & MANAGEMENT

Branch

:

SAI GON PLANT PROTECTION JSC - LAC DUONG, LAM DONG

Branch Address

:

High Tech - Village Salad Social Dasa, Lac Duong, Lam Dong

Branch Tel

:

84-63-3240991

Branch Fax

:

84-63-3554452

Primary use of location

:

#1. Office administration

 

Branch

:

SAI GON PLANT PROTECTION JSC - DUC TRONG DIST, LAM DONG

Branch Address

:

198 Highway 20 KQ 6 Lien Nghia Townlet, Duc Trong Dist, Lam Dong

Branch Tel

:

84-63-3841011

Branch Fax

:

84-63-3650855

Primary use of location

:

#1. Office administration

 

Branch

:

SAI GON PLANT PROTECTION JSC - BUON ME THUOT, DAC LAC

Branch Address

:

624 - Le Duan Xuan Khanh Ward, Buon Me Thuot, Dac Lac

Branch Tel

:

84-500-3958101

Branch Fax

:

84-500-3958121

Primary use of location

:

#1. Office administration

 

Branch

:

SAI GON PLANT PROTECTION JSC - PLEIKU DIST, GIA LAI

Branch Address

:

114 B Truong Chinh Tra Ba Ward, Pleiku Dist, Gia Lai

Branch Tel

:

84-59-3748901

Branch Fax

:

84-59-3748902

Primary use of location

:

#1. Office administration

 

Branch

:

SAI GON PLANT PROTECTION JSC - DIEN KHANH, KHANH HOA

Branch Address

:

23/10 St Dien AnCommune, Dien Khanh, Khanh Hoa

Branch Tel

:

84-58-3760706

Branch Fax

:

84-58-3760494

Primary use of location

:

#1. Office administration

 

Branch

:

SAI GON PLANT PROTECTION JSC - HOA VANG, DA NANG

Branch Address

:

National Way 1 A Hoa Chau Commune, Hoa Vang, Da Nang, Quang Nam-Da Na

Branch Tel

:

84-511-3685577

Branch Fax

:

84-511-3685515

Primary use of location

:

#1. Office administration

 

Branch

:

SAI GON PLANT PROTECTION JSC - VINH LOI DIST, BAC LIEU

Branch Address

:

National Way 1 A Tra Bang Hamlet 1 Chau Hung A Commune, Vinh Loi Dist, Bac Lieu

Branch Tel

:

84-781-3831097

Branch Fax

:

84-781-3831098

Primary use of location

:

#1. Office administration

 

Branch

:

SAI GON PLANT PROTECTION JSC - CHAU THANH, KIEN GIANG

Branch Address

:

579 Vinh Thanh Hamlet B Vinh Hoa Hiep Commune, Chau Thanh, Kien Giang

Branch Tel

:

84-77-3927754

Branch Fax

:

84-77-3927756

Primary use of location

:

#1. Office administration

 

Branch

:

SAI GON PLANT PROTECTION JSC - BINH THUY DIST, CAN THO

Branch Address

:

Lot 30A5 Tra Noc 1 Industrial Zone, Binh Thuy Dist, Can Tho

Branch Tel

:

84-710-3835074

Branch Fax

:

84-710-3831154

Primary use of location

:

#1. Office administration

 

Branch

:

SAI GON PLANT PROTECTION JSC - VINH LONG, VINH LONG

Branch Address

:

62 B Dinh Tien Hoang Ward 8, Vinh Long, Vinh Long

Branch Tel

:

84-70-3878871

Branch Fax

:

84-70-3878870

Primary use of location

:

#1. Office administration

 

Branch

:

SAI GON PLANT PROTECTION JSC - CAO LANH, DONG THAP

Branch Address

:

161 National Way 30 Phu My Ward, Cao Lanh, Dong Thap

Branch Tel

:

84-67-3872228

Branch Fax

:

84-67-3874118

Primary use of location

:

#1. Office administration

 

Branch

:

SAI GON PLANT PROTECTION JSC - MOC HOA, LONG AN

Branch Address

:

96 Tran Hung Dao St, Moc Hoa, Long An

Branch Tel

:

84-72-3841301

Branch Fax

:

84-72-3843411

Primary use of location

:

#1. Office administration

 

Branch

:

SAI GON PLANT PROTECTION JSC - CHON THANH DIST, BINH PHUOC

Branch Address

:

Hamlet 3 Chon Thanh Town, Chon Thanh Dist, Binh Phuoc

Branch Tel

:

84-651-3645399

Branch Fax

:

84-651-3645400

Primary use of location

:

#1. Office administration

 

Branch

:

SAI GON PLANT PROTECTION JSC - CHAU DUC, VUNG TAU

Branch Address

:

RQ 6 Le Hong Phong St Ngai Giao Townlet, Chau Duc, Vung Tau, Ba Ria-Vung Tau

Branch Tel

:

84-64-3963056

Branch Fax

:

84-64-3963057

Primary use of location

:

#1. Office administration

 

Branch

:

SAI GON PLANT PROTECTION JSC - VINH, NGHE AN

Branch Address

:

Bloc 20 Mai Hac De Le Loi Ward, Vinh, Nghe An

Branch Tel

:

84-38-3594856

Branch Fax

:

84-38-3585489

Primary use of location

:

#1. Office administration

 

Branch

:

SAI GON PLANT PROTECTION JSC - THANH XUAN, HANOI

Branch Address

:

Rm 506 Bldg Machinco 1 Km 9, 500 Nguyen Trai, Thanh Xuan, Hanoi

Branch Tel

:

84-4-37763497

Branch Fax

:

84-4-38311363

Primary use of location

:

#1. Office administration

 

INTERNATIONAL TRADE - Activity & Markets

Country / Region

Estimated level of importance

Trading Activity

Asia / Pacific

Medium

Importing, Exporting

Europe

Medium

Exporting

Japan

Medium

Importing

Malaysia

Medium

Importing

 

OFFICE & FACILITIES

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

Name

:

SAI GON PLANT PROTECTION JSC - DISTRICT 7, HO CHI MINH

Primary Use

:

Office & Administration facilities

Address

:

Hamlet 1 Nguyen Van Quy St Tan Thuan Dong Ward, District 7, Ho Chi Minh

Country

:

Vietnam

Status

:

Operational

 

FACTORIES, SIZE, & LOCATIONS

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

Name

:

SAI GON PLANT PROTECTION JSC - NHA BE, HO CHI MINH

Address

:

Hiep Phuoc Industrial Zone Lot C1-C3 Hiep Phuoc Commune, Nha Be, Ho Chi Minh

Status

:

Operational

 

Name

:

SAI GON PLANT PROTECTION JSC - BINH THANH, HO CHI MINH

Address

:

22 E Phan Dang Luu Ward 6, Binh Thanh, Ho Chi Minh

Status

:

Operational

 

 

COMPANY HISTORY

Date

Details

1989 - May

Incorporated as a Government Enterprise.

2004 - Jul

Changed its legal formation into Limited Liability Company.

2008 - Jun

Changed its legal formation into Joint Stock Company.

 

QUALITY ACCREDITATION

Quality Accreditation Listings

#

Name

Accreditation Category

1

INTERNATIONAL STANDARDS ORGANIZATION (ISO)

9001:2008

2

INTERNATIONAL STANDARDS ORGANIZATION (ISO)

9002:2000

3

INTERNATIONAL STANDARDS ORGANIZATION (ISO)

9001:2000

4

INTERNATIONAL ELECTROTECHNICAL COMMISSION (IEC)

17025

 

 

 

 

 

 

 

PREVIOUS BUSINESS LICENSE/S

License Date

License No.

17 May, 1989

369/NN/QD

2 Mar, 1993

103017

9 Jul, 2004

4104000095

14 Jun, 2008

4103010609

 

 

 

 

 

NOTES & COMMENTS

 

N/a

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.60.24

UK Pound

1

Rs.102.87

Euro

1

Rs.81.44

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

NIS

 

               

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.