Date: xx/xx/2024

To: xxx Company

Company research report(Unlisted company English Standard version B・Vietnam accounting standard)

VIETNAM SAMPLE REPORT JOINT STOCK COMPANY

VERAC COMPANY LIMITED.

Disclaimer
We, VERAC, endeavored to ensure the accuracy of the information in this report (“The info”). However,
the adoption of The info depends on clients’ judgments and responsibilities. In relation to the use of The
info, VERAC will be no liability whatsoever for any direct or consequential loss arising. For the dates inthe report, in particular, are dates that have been written in official documents, the actual situation might
be different. In addition, our company strives to gather The info as much as possible. However, please benoted that it also depends on the development status of such information and statistics of the survey.

1

VIETNAM SAMPLE REPORT JOINT STOCK COMPANY.

Content
1.

Company profile

P3

2.

Bank / Outstanding loans / Classification of debts

P4

3.

Loan situation in the past 12 months

P5

4.

Special mentioned debt history in the past 12 months

P55.

Bad debt history in the past 5 years

P56.

Board of management and shareholders

P67.

Linkage

P68.

Balance Sheet

P79.

Income Statement

P910.

Financial indicators

P1011.

Financial chart

P11Disclaimer

P122

VIETNAM SAMPLE REPORT JOINT STOCK COMPANY.

1. COMPANY PROFILE
Company name

VIETNAM SAMPLE REPORT JOINT STOCK COMPANY

Native name

CONG TY CO PHAN VIETNAM SAMPLE REPORTRegistration address

Lot F, Que Vo Industrial Park (Extended Zone), Phuong Lieu
Commune, Que Vo District, Bac Ninh Province, Vietnam

Type of registration address

Leased (****m2)

Operation address

999 Ha Dong Street, Ba Dinh District, Hanoi, Vietnam

TEL

84-22.1234-2618

FAX

84-22.1234-2620

Emailinfo@abc.com.vn

Websitewww.abc.com.vn

Established date

DD/MM/YYYY

Listed year

UnlistedTax code0123456789

Tax code issued date

DD/MM/YYYYBusiness Registration No.

0123456789

Legal form

Joint Stock Company

Status of business

NormalMain business lines

Manufacture of electric wire, electric cable, aluminum cable

Authorized capital

VND 4,000,000,000,000- (Contributed Capital DD/MM/YYYY)

Total employees

About 300 persons (DD/MM/YYYY)

3

VIETNAM SAMPLE REPORT JOINT STOCK COMPANY.

2. BANK / OUTSTANDING LOANS / CLASSIFICATION OF DEBTS
No.

12Bank nameLocation

Vietnam BankFor Agriculture
Bac Ninh Province,and Rural
VietnamDevelopment
Tel: +84-24.3641-0000(Agribank) - Bac
Ninh Branch

Joint Stock
Commercial
Bank forBac Ninh Province,
Investment andVietnam
Development of Tel:+84-22.2730-0000
Vietnam (BIDV)- Que Vo Branch

TermClassificationof debts

Shortterm

1

Subtotal

Mediumterm

3

Hanoi City, Vietnam
Tel:+84-24.2220-0000

Shortterm

1TotalDD/MM/YYYY

46,390DD/MM/YYYY

46,3901

Subtotal

3,259

Date

3,259

Subtotal
Vietnam Joint
Stock
Commercial
Bank forIndustry andTrade(VietinBank) Ha Noi BranchLoanMillion VND

2,570 DD/MM/YYYY

2,57052,219※Short term: under 12 months, Medium term: 12 months to 60 months, Long term: above 60 months※Classification of debts: It is classified into 5 as follows : (1) Current/ Standard, (2) Special mentioned/
Watch, (3) Sub-standard, (4) Doubtful, (5) Bad. In which, (3), (4), (5) are considered as non-performing loans.

4

VIETNAM SAMPLE REPORT JOINT STOCK COMPANY.

3. LOAN SITUATION IN THE PAST 12 MONTHS (DD/MM/YYYY)(Unit: Million VND)
Month

Outstanding
debt

Credit Card debt

Total

Change6/2023

120,9180120,918

N/A

7/2023

120,950

0120,950+32

8/2023

120,9500120,950

09/2023

120,950

0120,950010/2023

122,408

0

122,408+1,458

11/2023

122,3170122,317-91

12/2023

284,1640284,164+161,847

1/2024299,134

0299,134+14,970

2/2024

299,092

0299,092-42

3/2024422,0500422,050+122,958

4/2024

418,5090418,509-3,5415/2024421,9170421,917+3,408(*) : The total debt includes debt in foreign currency that was converted to Vietnamese Dong atthe exchange rate on the date of the transaction.

4. SPECIAL MENTIONED DEBT HISTORY IN THE PAST 12MONTHS (DD/MM/YYYY)※(2) of the following Classification of debts applied(1) Current/ Standard, (2) Special mentioned/ Watch, (3) Sub-standard, (4) Doubtful, (5) Bad.

No special mentioned debts in recent 12 months.

5. BAD DEBT HISTORY IN THE PAST 5 YEARS (DD/MM/YYYY)※(3), (4), (5) of the following Classification of debts applied(1) Current/ Standard, (2) Special mentioned/ Watch, (3) Sub-standard, (4) Doubtful, (5) Bad.

No bad debts in the past 5 years.
5

VIETNAM SAMPLE REPORT JOINT STOCK COMPANY.

6. BOARD OF MANAGEMENT AND SHARE HOLDERS
Board of management (DD/MM/YYYY)
Name

Position

Born

Education

Nationality

Mr. Do Cao B

General Director

1957

Bachelor

Vietnamese

Mr. Nguyen Lam P

Deputy General Director

1963

Bachelor

Vietnamese

Mr. Do Son G

Chief Accountant

1981

Bachelor

Vietnamese

Major shareholders (DD/MM/YYYY)
No.

Shareholders

Nationality

Percentage of ordinary shares

1Vietnam Sample Corporation

Vietnamese

65.25%

2

Mr. Do Bao AVietnamese

18.75%

3

Mr. Nguyen Van BVietnamese

16.00%

7. LINKAGE (DD/MM/YYYY)
No.

BranchAddress

1

Ho Chi Minh Branch

No. 850 ABC Street, Quarter 6, HP Ward, Thu Duc
City, Ho Chi Minh City, Vietnam

2

AN GIANG BranchGroup 18, CB Hamlet, BL Commune, CP District,
An Giang Province, Vietnam

3

LONG AN Branch

TH Town, TH District, Long An Province, Vietnam

4

DONG THAP Branch

Hamlet B, AB Commune, TN District, Dong Thap
Province, Vietnam

6

VIETNAM SAMPLE REPORT JOINT STOCK COMPANY.

8． BALANCE SHEET (The figures are fictitious for sample purposes)(Unit: Million VND)
Year

2021

2022

2023

481,966.0

682,652.0

416,373.0

60,221.0

127,562.0

210,201.0

0.0

0.0

0.0

Trade receivables

62,503.0

24,414.0

38,351.0

Trade prepayment

17,308.0

27,115.0

44,191.0

Short-term internal receivables

0.0

0.0

0.0

Receivable from planning progress ofconstruct contract

0.0

0.0

0.0

126,376.0

143,570.0

103,791.00.00.0

0.0

Inventories

215,044.0

343,042.0

18,216.0

Other assets

514.0

16,949.0

1,623.0

204,513.0

175,138.0

406,535.0

Trade receivables

0.0

0.0

0.0

Capital receivable from subsidiaries

0.0

0.0

0.0

Other receivables

58,124.0

116,381.0

251,334.0

Fixed assets

10,601.0

13,149.0

15,817.0

720.0

302.0

5,680.0

0.0

0.0

21,007.0

Long-term financial investments

62,031.0

12,120.0

117,349.0

Other long-term assets

73,757.0

33,488.0

1,028.0

686,479.0

857,790.0

822,908.0

Current assetCash and cash equivalents
Short-term financial investments

Other receivables
Provision for bad debts

Long-term assets

In which: Construction in progress expenses

Property investment

Total assets

7

VIETNAM SAMPLE REPORT JOINT STOCK COMPANY.

Year

2021

2022

2023

Liability

579,861.0

724,341.0

634,793.0

Current liability

486,345.0

540,120.0

325,335.0

959.0

15,959.0

82,959.0

Trade payables

20,465.0

145,006.0

138,491.0

Advances from customers

386,968.0

328,730.0

3,011.0

Taxes and liabilities to State budget

7,858.013,976.0

5,765.0

Payable to employees

3,326.0

23.0

5.0

Payable expenses

1,875.0

6,101.0

37,094.0

Other payables

64,893.030,325.0

53,095.0

Provision for current liabilities

0.0

0.0

4,915.0

Bonus and welfare funds

0.0

0.0

0.0

93,516.0

184,221.0

309,458.0

Trade payables

0.0

0.0

0.0

Other payables

0.0

0.0

0.0

93,516.0

132,243.0

235,660.0

Provision for unemployment benefit

0.0

0.0

0.0

Provision for long-term liabilities

0.0

51,978.0

73,798.0

Equity106,618.0133,449.0

188,115.0

Owner's equity

106,618.0

133,449.0

188,115.0

100,000.0

100,000.0

105,263.0

Capital surplus

0.0

0.0

40,237.0

Foreign exchange difference

0.0

0.0

0.0

Investment and development funds

0.0

0.0

0.0

6,618.033,449.0

42,615.0

Budgets sources

0.0

0.0

0.0

Minority Interest

0.0

0.0

0.0

686,479.0

857,790.0

822,908.0

Short-term borrowing and debts

Long-term liabilities

Long term borrowings and debts

Contributed equity

Retained earnings

Total liability and Equity

8

VIETNAM SAMPLE REPORT JOINT STOCK COMPANY.

9. INCOME STATEMENT (The figures are fictitious for sample purposes)(Unit: Million VND)

2021

2022

2023

Net sales and services

77,579.0

732,782.0

589,808.0

Cost of goods sold

41,615.0

594,314.0

535,541.0

Gross Profit

35,964.0

138,468.0

54,267.0

Financial income

1,768.0

9,558.0

25,358.0

Financial costs

2,771.0

7,445.0

10,253.0

2,251.0

5,640.0

10,199.0

Selling expenses

3,387.0

71,087.0

24,615.0

General and Administrative Expenses

23,728.0

43,588.0

27,856.0

Net operating profit

7,846.0

25,906.0

16,901.0

Extraordinary income

2,559.0

52,326.0

2,119.0

Extraordinary expenses

1,121.0

50,516.0

6,650.0

Net Profit Before Tax

9,284.0

27,716.0

12,370.0

Income tax expense

2,166.0

6,087.0

3,204.0

0.0

0.0

0.0

7,118.0

21,629.0

9,166.0

In Which: Interest expense

Income tax delay
Net Profit After Tax

9

VIETNAM SAMPLE REPORT JOINT STOCK COMPANY.

10. FINANCIAL INDICATORS (The figures are fictitious for sample purposes)

RatiosProfitability Gross Profit Margin
ratiosOperating Profit Margin
Profit Before Tax Margin
Operating Return on
Asset
Sales growth

ActivityratiosAsset Turnover
Inventory Turnover
Period (monthly)
Receivable Turnover
Period (monthly)
Payable Turnover Period(monthly)
Cash Conversion Cycle(monthly)
Fixed Asset Turnover(monthly)

Financial
Leverage
RatiosEquity To Asset Ratio
Current Ratio
Fixed Asset To Equity
Ratio
Borrowings To Sales(monthly)Interest Coverage Ratio(times)

2021

2022

2023

Gross Profit / Net Sales
Operating Profit / Net
Sales
Profit Before Tax/ Net
Sales

46.36%

18.90%

9.20%

10.11%

3.54%

2.87%

11.97%

3.78%

2.10%

Operating Profit / Asset
Current net sales/
Previous net sales -1

1.14%

3.02%

2.05%

N/A

844.56%-19.51%Net Sales/ Asset

0.11

0.85

0.72

Inventory / Monthly Sales
Receivable/ Monthly
Sales

33.26

5.62

0.37

9.67

0.40

0.78

Payable /Monthly Sales
Monthly Inventory＋
Monthly Receivables－Monthly Payables
Fixed Asset/ Montlhy
Sales

3.17

2.37

2.82

39.76

3.63

-1.67

1.64

0.22

0.32

Equity / Total Asset
Liquid Asset / Liquid
Debt

15.53%

15.56%

22.86%

99.10%

126.39%127.98%Fixed Asset / Equity
Borrowings / MonthlySales
Operating Income /Interest expenses

9.94%

9.85%

8.41%

1461.35%

242.69%648.25%

3.49

4.59

1.66

Formula Overview

10

VIETNAM SAMPLE REPORT JOINT STOCK COMPANY.

11． FINANCIAL CHARTS (Unit: Million VND)(The figures are fictitious for sample purposes)

11

VIETNAM SAMPLE REPORT JOINT STOCK COMPANY.

Disclaimer
VERAC Company Limited (VERAC) has taken due care and caution in preparing this Report.
Information has been obtained from miscellaneous sources, which it considers reliable. However,VERAC does not guarantee the accuracy, adequacy or completeness of any information and isnot responsible for any errors or omissions or for the results obtained from the use of suchinformation. VERAC is not liable for reader’s decisions, which may be based on the views
expressed in this Report. VERAC especially states that it has no financial liability whatsoever tothe subscribers/ users/ transmitters/ distributors of this Report. No part of this Report may be
published/ reproduced in any form without VERAC’s prior written approval.

VERAC Company Limited. (VERAC)
Address: 85 Hoang Sa Street, Da Kao Ward, District 1,
Ho Chi Minh City, Vietnam
Email: info@verac-vn.com
TEL: +84 (28) 2248-7770

12

VIETNAM SAMPLE REPORT JOINT STOCK COMPANY.