Completing the credit rating system of corporate customers at Lien Viet Post Commercial Joint Stock Bank - 14

APPENDIX IV

Table IV.3: Standards for evaluating financial indicators of enterprises in the Heavy Industry group
Targets Large scale Medium size Small scale
100 80 60 40 20 100 80 60 40 20 100 80 60 40 20
< < <
Liquidity indicator group                              
1.Short solvency
term
2.0 1.5 1.0 0.5 0.5 2.2 1.6 1.2 0.8 0.8 2.4 1.9 1.4 1.0 1.0
2.Ability
payment
1.2 0.9 0.6 0.4 0.4 1.3 1.0 0.7 0.5 0.5 1.4 1.1 0.8 0.5 0.5
Group of activity targets                              
3.Inventory turnover 4.5 4.0 3.5 2.5 2.5 5.0 4.5 4.0 3.5 3.5 5.5 5.0 4.5 4.0 4.0
4.Rotation
capital
3.5 3.0 2.5 2.0 2.0 3.5 3.0 2.5 2.0 2.0 3.5 3.0 2.5 2.0 2.0
5.The rotation of the
turnover
5.5 5.0 4.5 4.0 4.0 6.0 5.5 5.0 4.5 4.5 6.5 6.0 5.5 5.0 5.0
6.Effective use
use of assets
1.8 1.5 1.2 1.0 1.0 1.8 1.5 1.2 1.0 1.0 1.8 1.5 1.2 1.0 1.0
Debt balance target group                              
7. Liabilities
/Total Assets
45 50 60 70 70 45 50 55 65 65 40 45 50 55 55
8. It payable / equity
ownership
122 150 185 233 233 100 122 150 185 185 82 100 122 150 150
Income target group                              
9.LNTT / Sales
revenue
5.5 5 4 3 3 6 5 4 2.5 2.5 6.5 6 5 4 4
10.EBT/TTS 6 5.5 5 4 4 6.5 5 4 2.5 2.5 7 6.5 6 5 5
11.EBT/Equity 14.2 13.7 13.3 13 13 14.2 13.3 13 12.2 12.2 13.3 13 12.9 12.5 12.5
(Source: proposal of the topic)

APPENDIX IV

Table IV.4: Standards for assessing financial indicators of light industry enterprises
Targets Large scale Medium size Small scale
100 80 60 40 20 100 80 60 40 20 100 80 60 40 20
< < <
Liquidity indicator group                              
1.Short-
term solvency
2.1 1.6 1.1 0.6 0.6 2.3 1.8 1.3 0.9 0.9 2.5 2.0 1.5 1.1 1.1
2.Fast
payment ability
1.3 1.0 0.7 0.4 0.4 1.4 1.1 0.8 0.5 0.5 1.5 1.2 0.9 0.6 0.6
Group of
activity targets
                             
3.Vong rotating
inventory
5.0 5.0 4.0 3.0 3.0 6.0 5.1 4.3 3.5 3.5 7.0 6.0 5.0 4.0 4.0
4. Working
capital turnover
4.0 3.3 2.6 2.0 2.0 4.0 3.3 2.6 2.0 2.0 4.0 3.3 2.6 2.0 2.0
5.Receivables
turnover
6.0 5.5 4.0 4.5 4.5 7.0 6.5 6.0 5.5 5.5 7.5 7.0 6.5 6.0 6.0
6.Effective
use of assets
2.0 1.6 1.3 1.0 1.0 2.2 1.8 1.4 1.0 1.0 2.4 1.9 1.4 1.0 1.0
Debt balance target group                              
7. Liabilities
/Total Assets
45 50 60 70 70 45 50 55 65 65 40 45 50 55 55
8. It payable / equity
ownership
122 150 185 233 233 100 122 150 185 185 82 100 122 150 150

Income target group
                             
9.LNTT / Sales
revenue
5.5 5 4 3 3 6 5 4 2.5 2.5 6.5 6 5 4 4
10.EBT/TTS 6 5.5 5 4 4 6.5 5 4 2.5 2.5 7 6.5 6 5 5
11.EBT/Equity 14.2 13.7 13.3 13 13 14.2 13.3 13 12.2 12.2 13.3 13 12.9 12.5 12.5
(Source: proposal of the topic)

APPENDIX IV

Table IV.5: Standards for evaluating financial indicators of enterprises in the capital construction investment industry
Targets Large scale Medium size Small scale
100 80 60 40 20 100 80 60 40 20 100 80 60 40 20
< < <
Liquidity indicator group                              
1.Short-
term solvency
1.9 1.4 0.9 0.5 0.5 2.1 1.6 1.1 0.6 0.6 2.3 1.7 1.2 0.7 0.7
2.Fast
payment ability
0.8 0.5 0.3 0.1 0.1 1.0 0.7 0.5 0.3 0.3 1.2 0.9 0.7 0.5 0.5
Group of activity targets                              
3.Inventory turnover 3.0 2.5 2.0 1.5 1.5 3.5 3.0 2.5 2.0 2.0 4.0 3.5 3.0 2.5 2.5
4. Working
capital turnover
2.0 1.5 1.0 0.8 0.8 2.0 1.5 1.0 0.8 0.8 2.5 2.0 1.5 1.0 1.0
5.Receivables
turnover
4.0 3.3 2.6 2.0 2.0 4.5 4.0 2.6 2.2 2.2 4.5 3.8 3.1 2.5 2.5
6.Effective use
use of assets
1.2 1.0 0.8 0.6 0.6 1.6 1.3 1.0 0.7 0.7 1.6 1.3 1.0 0.7 0.7
Debt balance target group                              
7.Liabilities
/Total Assets
55 60 65 70 70 50 55 60 65 65 45 50 55 60 60
8. It payable / equity
ownership
69 100 150 233 233 69 100 122 150 150 66 69 100 122 122
Income target group                              
9.LNTT / Sales
revenue
8 7 6 5 5 9 8 7 6 6 ten 9 8 7 7
10.EBT/TTS 6 4.5 3.5 2.5 2.5 6.5 5.5 4.5 3.5 3.5 7.5 6.5 5.5 4.5 4.5
11.EBT/Equity 9.2 9 8.7 8.3 8.3 11.5 11 ten 8.7 8.7 11.3 11 ten 9.5 9.5
(Source: proposal of the topic)
Table V.1: Scoring the financial indicators of JSC A by the modified model proposed by the topic
Targets Unit Value Initial score Weight Weighted Score
Liquidity indicator group          
1.Short-term solvency Time 1.48 60 14% 8.4
2.Fast payment ability Time 1.37 80 8% 6.4
Group of activity targets          
3.Inventory turnover Ring 5.53 80 8% 6.4
4. Working capital turnover Ring 0.19 20 8% 1.6
5.Receivables turnover Ring 0.2 20 8% 1.6
6.Effective use of assets Time 0.14 20 4% 0.8
Debt balance target group          
7.Liabilities/Total Assets % 38.5 100 15% 15
8.Liabilities/Equity % 62.5 100 15% 15
Income target group          
9. Profit before tax/Revenue % 1.55 20 8% 1.6
10. Profit before tax /Total assets % 0.21 20 6% 1.2
11. Profit before tax /Equity % 0.35 20 6% 1.2
Total weighted score 59.2
(Source: Grading according to the proposed model of the topic)
Table V.2: Determining the default risk index of JSC A using Altman's Z-score statistical function
Targets Unit Value
Total assets (TA) Million dong 489,595
Current Assets (CA) Million dong 247.546
Short-term debt (CL) Million dong 167,304
Working Capital (CA-CL) Million dong 80.242
Retained earnings (RE) Million dong 1.332
Earnings before interest and taxes (EBIT) Million dong 1,769
Intangible Assets (IA) Million dong 16.743
Book value of debt (TL) Million dong 188,263
Book value of equity (BV=TA-IA-TL) Million dong 284,589
Net Sales (SL) Million dong 67,350
X1 = (CA-CL)/TA   0.164
X2 = RE/TA   0.002
X3 = EBIT/TA   0.003
X4 = BV/TL   1.511
X5 = SL/TA   0.137
Z = 1.2X1 + 1.4X2 + 3.3X3 + 0.64X4 + 0.999X5   1.313
(Source: Grading according to the proposed model of the topic)

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