Date: xx/xx/2024

To: xxx Company

Company research report(Unlisted company English Comprehensive version・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 in
the 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.

The transitions of Total Employees

P4

3.

Partner information

P4

4.

Purchasing and sales information

P4

5.

Bank / Outstanding loans / Classification of debts

P5

6.

Loan situation in the past 12 months

P6

7.

Special mentioned debt history in the past 12 months

P6

8.

Bad debt history in the past 5 years

P6

9.

Industry review

P7

10

Board of management and shareholders

P10

11. Linkage

P11

12. Balance Sheet

P12

13. Income Statement

P14

14. Financial indicators

P15

15. Financial chart

P16

16. The transitions of Net sales, Net profit after tax, Total assets and Equity

P17

17. Credit rating

P19

Disclaimer

P21

2

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 REPORT

Registration address

1234 Nguyen Hue Street, District 1, Ho Chi Minh City, Vietnam

Type of registration address

Owned (*** m2)

Operation address

999 Pasteur Street, District 3, Ho Chi Minh City, Vietnam

TEL84-28.1234-5678

FAX

84-28.1234-5677

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)

3

VIETNAM SAMPLE REPORT JOINT STOCK COMPANY

2. THE TRANSITIONS OF TOTAL EMPLOYEES

3. PARTNER INFORMATION (DD/MM/YYYY)- Purchasing and procurement
Domestic:
International:- Sales
Domestic:
International:

4. PURCHASING AND SALES INFORMATION (DD/MM/YYYY)- Purchasing and procurement
Domestic:
International:- Sales
Domestic:
International:

Payment Method⚫

Domestic: cash, bank transfer⚫

Overseas: letter of credit, remittances

4

VIETNAM SAMPLE REPORT JOINT STOCK COMPANY

5. BANK / OUTSTANDING LOANS / CLASSIFICATION OF DEBTSNo.

Bank nameLocation

Term

Classifi
cationof debts

Ho Chi Minh City,
Vietnam
Tel:+84-28.3929-000

Short term

1

1

Nam A
Commercial Joint
Stock Bank (NamA Bank) - Head
Office2

Joint Stock
Commercial Bankfor Investment andDevelopment ofVietnam (BIDV) Nam Binh Duong
BranchSubtotal
Short term
Binh Duong Province,
Vietnam
Tel:+84-27.4375-0000

3

4

Ho Chi Minh City,
Vietnam
Tel:+84-28.3894-0000

Vietnam Bank For
Agriculture and
Rural
Development(Agribank) - My
Thanh Branch

Ho Chi Minh City,
Vietnam
Tel:+84-28.3733-0000

1

299,900

DD/MM/YYYY

39,150DD/MM/YYYY

Mediumterm

1

Short term

Short term

Subtotal

1,167
40,317

1

Subtotal

Total

Date

299,900

Subtotal
Vietnam Joint
Stock Commercial
Bank for Industry
and Trade(VietinBank) – Ho
Chi Minh Branch

Loan
Million
VND

40,000DD/MM/YYYY

40,0001

26,750DD/MM/YYYY

26,750381,967※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.

5

VIETNAM SAMPLE REPORT JOINT STOCK COMPANY

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

Outstanding
debt

Credit Card debt

Total

Change6/2023

120,918

0120,918

N/A

7/2023

120,950

0120,950+32

8/2023

120,950

0120,95009/2023

120,950

0120,950010/2023

122,408

0

122,408+1,458

11/2023

122,3170

122,317-91

12/2023

284,1640284,164+161,847

1/2024299,134

0299,134+14,970

2/2024

299,0920

299,092-42

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 at theexchange rate on the date of the transaction.

7. SPECIAL MENTIONED DEBT HISTORY IN THE PAST 12
MONTHS (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.

8. 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.
6

VIETNAM SAMPLE REPORT JOINT STOCK COMPANY

9. INDUSTRY REVIEW (The figures in the review are fictitious for sample purposes)
Manufacture of electronic and electric wires and cables
According to the General Statistics Office (GSO), there are 197 companies in the country that
produce of other electronic and electric wires and cables at the end of 2022, but 189 companies are
actually active.
These companies are mainly concentrated in the two big cities, with 51 based in Ho Chi Minh Cityand 48 based in Hanoi, accounting for 26% and 24% of the total respectively. Private companies andforeign companies accounted for 73% and 27% of the total, respectively.
The total number of enterprises by source of equity, geography and status of operation
NORM
Total number ofEnterprise
Growth Rate
In which (by source ofequity)- FDI- State enterprise- Private enterprise
In which (by geography)- Ha Noi-Ho Chi Minh City
StatusIn operation
Temporary suspension ofbusiness operation

2020

2021

2022

Unit

181
3%

177
-2%

197
11%

Enterprise

49
132

49
128

53
144

EnterpriseEnterpriseEnterprise

44
49

46
50

48
51

EnterpriseEnterprise

178

169

189

Enterprise

3

8

3

Enterprise

The number of total employees at the end of 2022 was 46,745, an increase of 9% over the previous
year. The annual income per worker in 2022 is VND 94.88 million, and it has been increasing since2020, which is a considerably high level compared to other industries.
Total employees by sex, nationality and the average annual wages
NORM
2020
2021
2022
Unit
Total employees
47,05342,981
46,745
Per.
6%
-9%
9%
%
In which (by sex)
- Females
32,597
29,77632,072Per.
-Males
14,456
13,205
14,673Per.
In which (by nationality)- Foreigners
165
174
394
Per.
- Vietnamese
46,88842,80746,351Per.
Average annual salary of employee
80.84
91.82
94.88 Million VND
Growth rate
5%
14%
3%
%
7

VIETNAM SAMPLE REPORT JOINT STOCK COMPANY

The industry's total assets increased by 25% and -9% and 16% respectively over the three years from2020 to 2022. Shareholders' equity decreased slightly by 7% in 2021, but increased by 23% and 24%
in 2021 and 2022, respectively.
Total sales increased by + 17%, -7% and + 19% over the three years from 2020 to 2022 respectively.
The total industry revenue reached VND 89.656.2 billion (about USD 3.9 billion) as of 2022. The
industry continued to make a surplus in the three years from 2020 to 2022, and its after-tax profit
was growing steadily each year, and increased to VND 2,329,230 in 2022.

Industry Size and Growth Rates
Norm.

2020

2021

2022

Unit

Total Asset
Total Asset growth rate

51,726,895
25%

47,319,502-9%54,983,897
16%

Million VND%

Total Equity
Total Equity Growth rate

13,134,775-7%

16,219,013
23%

20,111,564
24%

Million VND%

Total Revenue
Total Revenue Growth rate

81,117,522
17%

75,436,143-7%89,656,220
19%

Million VND%

Total Profit after Tax
Total Profit after Tax Growth rate

1,698,404
28%

1,929,289
14%

2,329,230
21%

Million VND%

Distribution by annual total sales scale (2022)

8

VIETNAM SAMPLE REPORT JOINT STOCK COMPANY

The total sales of the top 10 companies account for 60.0% of the total market, there is actually only
few firms dominated the market. The largest company in the industry is A2Z VIETNAM CO., LTDaccount for 10 percent of market share with revenue of VND 89,675,920 million in 2022.

Top 10 Enterprise in the Industry by Net Sales (2022)
No.
1
2
3
4
5
6
7
8
9
10

Name
A2Z VIETNAM CO.,LTD
B2C Wires VINA
GLOBAL Cable VIETNAM COMPANY
LIMITEDBBB Systems co., ltd
CCC Cable & System Joint Stock Company
EEE Vina co., ltd.
GGG Electrical Wires
Vietnam Electric CableLLL Electric Cable CorporationKKK Joint Stock Company
Others
Total

Unit: Million VND
Tax Code
Net Sales
XXXXXXXXXX
9,458,452
XXXXXXXXXX
7,989,319
XXXXXXXXXX
7,245,690
XXXXXXXXXX
6,949,263
XXXXXXXXXX
5,622,260
XXXXXXXXXX
5,543,727
XXXXXXXXXX
3,274,404
XXXXXXXXXX
3,146,042
XXXXXXXXXX
2,351,430
XXXXXXXXXX
2,287,298
35,808,035
89,675,920

Market Shares (2022)

9

VIETNAM SAMPLE REPORT JOINT STOCK COMPANY

10. 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

1

Vietnam Sample Corporation

Vietnamese

65.25%

2

Mr. Do Bao A

Vietnamese

18.75%

3

Mr. Nguyen Van B

Vietnamese

16.00%

10

VIETNAM SAMPLE REPORT JOINT STOCK COMPANY

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

Branch/ Factory1

BranchHanoi, Vietnam

2

Factory

Hanoi, Vietnam

3

Sales officeHanoi, Vietnam

4ShowroomHanoi, Vietnam

No.

Subsidiary1

Hanoi, Vietnam

2

Vietnam Sample Report of Banking & Financing
Services Co., Ltd.
Sample B Company Limited

3

Sample C Joint Stock Company

Hai Phong, Vietnam

No.
1

Related company

Address

Address

Da Nang, Vietnam

Address
Ho Chi Minh, Vietnam

2

Vietnam Sample Report of Telecom & PublicCo., Ltd.
Sample D Company Limited

3

Sample E Company Limited

Binh Duong, Vietnam

Dong Nai, Vietnam

11

VIETNAM SAMPLE REPORT JOINT STOCK COMPANY

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

2021

2022

2023

2,234,704.0

2,536,108.0

4,063,360.0

799,395.0

969,774.0

729,282.0

8,202.01,800.0

375,000.0

517,681.0

567,473.0

681,137.0

57,944.0

92,770.0

128,189.0

90,285.0

100,035.0

811,540.0-134,528.0-228,350.0-17,685.0

856,935.0

962,627.0

1,214,095.0

38,790.0

69,979.0

141,802.0

3,156,064.0

3,112,533.0

2,512,737.0

Long-term receivables from customers

20,807.0

34,280.0

15,877.0

Other long-term receivables

749,281.0

686,223.0

824.0

Fixed assets

753,707.0

696,401.0

881,500.0

Property investment

37,314.0

36,704.0

44,164.0

1,532,826.0

1,605,226.0

1,517,863.0

62,129.0

53,699.0

52,509.0

5,390,768.0

5,648,641.0

6,576,097.0

Current asset
Cash and cash equivalents
Short term investment
Short
investment
Trade term
receivables
Trade receivables
prepayment
prepayment
Other receivables
Trade
Other
receivables
Provisionfor bad debts
Provisionfor bad debts
Inventories
Trade
prepayment
Inventories
Other assets
Otherassetsassets
Long-term
Otherreceivables
Long-term assets
receivables from customers
Long-term
receivables
Other
long-term
Provisionforbadreceivables
debtsfrom customers
Otherreceivables
Fixed long-term
assetsFixed assets
Inventories
Other assets
Long-term assets

Long-term financial investments
Other long - term assets
Total assets

12

VIETNAM SAMPLE REPORT JOINT STOCK COMPANY

2021

2022

2023

Liability

133,449.0

141,775.0

244,828.0

Current liability

131,404.0

114,755.0

207,805.0

Short-term borrowing and debts

4,530.0

6,580.0

5,721.0

Trade payables

27,129.0

40,051.0

52,557.0

Advances from customers

27,231.0

8,131.0

15,342.0

Other payables

72,514.0

59,993.0

134,185.0

Long-term liabilities

2,045.0

27,020.0

37,023.0

Trade payables

450.0

703.0

916.0

Other payables

365.0

24,217.0

33,567.0

1,230.0

2,100.0

2,540.0

Equity5,257,319.0

5,506,866.0

6,331,269.0

Owner's equity

5,192,317.0

5,439,526.0

6,262,360.0

4,000,000.0

4,000,000.0

4,000,000.0

Capital surplus

389,066.0

473,216.0

857,990.0

Other owners Equity

12,600.0

65,301.0

43,222.0

Assets revaluation difference

45,031.0

24,465.0

34,722.0

Business development funds

23,790.0

32,145.0

24,782.0

Financial reserved funds

43,900.0

56,700.0

63,400.0

Other fund belong to owner's equity

577,229.0

722,430.0

953,293.0

Retained earnings

50,892.0

14,951.0

234,226.0

Restructure funds

49,809.0

50,318.0

50,725.0

Budgets sources

65,002.0

67,340.0

68,909.0

0.0

0.0

0.0

5,390,768.0

5,648,641.0

6,576,097.0

Long term borrowings and debts

Contributed equity

Minority interest
Total liability and Equity

13

VIETNAM SAMPLE REPORT JOINT STOCK COMPANY

13. INCOME STATEMENT (The figures are fictitious for sample purposes)(Unit: Million VND)
2021

2022

2023

Net sales and services

1,207,738.0

1,278,149.0

1,891,105.0

Cost of goods sold1,200,223.0

1,210,624.0

1,684,231.0

7,515.0

67,525.0

206,874.0

Financial income

997,129.0

1,139,494.0

1,431,196.0

Financial costs

40,922.0

67,344.0

1,558.0

221.0

386.0

297.0

Gross Profit

In Which: Interest expense

Selling expenses
General and Administrative
Expenses

56,922.0

84,814.0

137,457.0

166,989.0

204,029.0

137,405.0

Net operating profit

739,811.0

850,832.0

1,361,650.0

Extraordinary income

10,501.0

30,942.0

5,468.0

Extraordinary expenses

20,022.0

24,718.0

33,615.0

Net Profit Before Tax

730,290.0

857,056.0

1,333,503.0

Income tax expense

9,860.0

10,017.0

10,416.0

0.0

0.0

0.0

720,430.0

847,039.0

1,323,087.0

Income tax delay
Net Profit After Tax

14

VIETNAM SAMPLE REPORT JOINT STOCK COMPANY

14. 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)

Formula Overview

2021

2022

2023

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

0.62%

5.28%

10.94%

61.26%

66.57%

72.00%

60.47%

67.05%

70.51%

13.72%

15.06%

20.71%

N/A

5.83%

47.96%Net Sales/ Asset

0.22

0.23

0.29

Inventory / Monthly Sales
Receivable/ Monthly
Sales

8.51

9.04

7.70

5.14

5.33

4.32

0.27

0.38

0.33

13.38

13.99

11.69

7.49

6.54

5.59

Equity / Total Asset

97.52%

97.49%

96.28%

Liquid Asset / Liquid
Debt

1700.64%2210.02%

1955.37%

Fixed Asset / Equity
Borrowings / Monthly
Sales
Operating Income /Interest expenses

14.34%

12.65%

13.92%

5.72%

8.15%

5.24%

3347.56

2204.234584.68

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

Payable Turnover Period(monthly)
Payable /Monthly Sales
Monthly Inventory＋
Monthly Receivables
Cash Conversion Cycle－Monthly Payables(monthly)
Fixed Asset Turnover
Fixed Asset/ Monthly(monthly)
Sales

Financial
Leverage
RatiosEquity To Asset Ratio

Current Ratio
Fixed Asset To Equity
Ratio
Borrowings To Sales(monthly)Interest Coverage Ratio(times)15

VIETNAM SAMPLE REPORT JOINT STOCK COMPANY

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

16

VIETNAM SAMPLE REPORT JOINT STOCK COMPANY

16. THE TRANSITIONS OF NET SALES, NET PROFIT AFTER
TAX, TOTAL ASSETS AND EQUITY (Unit: Million VND)(The figures are fictitious for sample purposes)※Regarding NET SALES, NET PROFIT AFTER TAX, TOTAL ASSETS, AND
EQUITY, the last three years are the most up-to-date information available. Previous
data represents the latest information accessible at those respective points in time. It's
possible that these figures have been revised since then, but those changes are notreflected here. This information is provided for reference purposes only.
NET SALESNET PROFIT AFTER TAX

17

VIETNAM SAMPLE REPORT JOINT STOCK COMPANYTOTAL ASSETSEQUITY18

VIETNAM SAMPLE REPORT JOINT STOCK COMPANY

17. CREDIT RISK EVALUATION
Credit rating is a combination of financial information and non-financial information. These factors
include:Financial information

Non-financial information

Financial status

Principals

Payments

Management

Accumulated profitability

Scale of operations

Growth of revenue

Years in business

CREDIT RATING & RISK ANALYSIS

Year

Credit rating

Description

2021

AA

The company has VERY STRONG capacity to meet its financial
commitments but carries a higher risk than AAA companies

2022

A

The company has STRONG capacity to meet its financial
commitments, but has less stability than higher rated companies

2023

A

The company has STRONG capacity to meet its financial
commitments, but has less stability than higher rated companies

19

VIETNAM SAMPLE REPORT JOINT STOCK COMPANYAPPENDIXVIETNAM CREDIT RATING CRITERIAS
RatingSummary

AAA

HighestAA

Very high

A

High

BBB

Good

BB

B

CCC

Description
The company has EXCEPTIONAL STRONG capacity for timely
payment of all its financial commitments.
The company has VERY STRONG capacity to meet its financial
commitments but carries a higher risk than AAA companies.
The company has STRONG capacity to meet its financial
commitments, but has less stability than higher rated companies
The company has ADEQUATE capacity to meet financial
commitments but has less stability than higher rated companies.

Above

The company is expected to be VULNERABLE TO ADVERSE

Averagechanges in circumstances and economic conditions.

Average

The company’s stability is expected to be IMPAIRED by adversechanges in circumstances and economic conditions.

Below

The company’s capacity for meeting financial commitments is

Average

SOLELY RELIANT UPON favorable conditions

CC

Poor

The company manages to operate but posing HIGH default risk.

C

Very Poor

The company is posing VERY HIGH default risk.

D

Default

The company is DEFAULTED

20

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 is
not 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

21

VIETNAM SAMPLE REPORT JOINT STOCK COMPANY.