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

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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